Can I retire at age 45 with 553,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$45,666$45,259$44,863$44,475$44,097$42,909
2 years$22,607$22,186$21,778$21,382$20,999$19,810
3 years$14,922$14,499$14,092$13,700$13,322$12,171
4 years$11,080$10,658$10,255$9,870$9,502$8,396
5 years$8,775$8,356$7,958$7,581$7,223$6,166
6 years$7,239$6,823$6,432$6,063$5,715$4,708
7 years$6,143$5,730$5,345$4,984$4,648$3,690
8 years$5,321$4,912$4,533$4,181$3,856$2,948
9 years$4,681$4,277$3,904$3,562$3,247$2,387
10 years$4,171$3,770$3,404$3,070$2,767$1,954
11 years$3,753$3,356$2,997$2,672$2,380$1,613
12 years$3,405$3,012$2,659$2,344$2,062$1,340
13 years$3,111$2,722$2,376$2,069$1,798$1,119
14 years$2,859$2,474$2,135$1,837$1,576$939
15 years$2,641$2,260$1,927$1,638$1,388$790
16 years$2,450$2,074$1,747$1,467$1,227$667
17 years$2,282$1,910$1,590$1,318$1,088$565
18 years$2,133$1,765$1,452$1,188$967$479
19 years$1,999$1,636$1,329$1,073$862$407
20 years$1,879$1,520$1,220$972$770$346
21 years$1,771$1,416$1,122$882$689$295
22 years$1,673$1,322$1,034$802$618$251
23 years$1,583$1,236$955$730$554$215
24 years$1,501$1,158$883$666$498$183
25 years$1,426$1,087$818$608$448$157
26 years$1,356$1,021$758$556$404$134
27 years$1,292$961$704$509$364$114
28 years$1,233$906$655$466$329$98
29 years$1,177$854$609$428$297$84
30 years$1,126$807$567$393$268$72
31 years$1,078$763$529$361$242$61
32 years$1,033$722$494$331$219$53
33 years$990$684$461$305$198$45
34 years$951$648$431$280$180$39
35 years$913$615$403$258$163$33
36 years$878$583$377$238$147$28
37 years$845$554$353$219$134$24
38 years$814$526$330$202$121$21
39 years$784$501$309$186$110$18
40 years$756$476$290$172$100$15
41 years$729$453$272$158$90$13
42 years$704$432$255$146$82$11
43 years$680$411$239$135$74$10
44 years$657$392$225$125$68$8
45 years$635$374$211$115$61$7
46 years$614$357$198$106$56$6
47 years$594$340$186$98$51$5
48 years$575$325$175$91$46$4
49 years$557$310$164$84$42$4
50 years$540$296$155$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $553,000, adding $5,076 every year, while hoping to spend $35,866 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/39/20 Blend
44$553,000$553,000$553,000$553,000
45$614,642$585,333$576,761$636,036
46$639,174$575,853$557,922$642,282
47$665,007$564,707$537,249$645,202
48$692,234$551,774$514,644$647,624
49$720,960$536,929$490,002$649,523
50$751,297$520,037$463,216$650,871
51$783,366$500,956$434,171$651,644
52$817,304$479,537$402,750$651,815
53$853,255$455,621$368,828$651,360
54$891,379$429,039$332,276$650,256
55$931,852$399,613$292,959$648,482
56$974,864$367,157$250,736$646,017
57$1,020,624$331,472$205,460$642,845
58$1,069,360$292,347$156,975$638,951
59$1,121,323$249,560$105,123$634,325
60$1,176,788$202,879$49,734$628,960
61$1,236,055$152,054$0$622,855
62$1,299,452$96,824$0$618,013
63$1,367,342$36,914$0$623,903
64$1,440,120$0$0$629,958
65$1,518,220$0$0$648,252
66$1,602,120$0$0$684,972
67$1,692,342$0$0$724,511
68$1,789,461$0$0$767,127
69$1,894,109$0$0$813,105
70$2,006,977$0$0$862,756
71$2,128,827$0$0$916,424
72$2,260,496$0$0$974,483
73$2,402,903$0$0$1,037,350
74$2,557,058$0$0$1,105,478
75$2,724,072$0$0$1,179,368
76$2,905,167$0$0$1,259,570
77$3,101,685$0$0$1,346,690
78$3,315,105$0$0$1,441,394
79$3,547,050$0$0$1,544,414
80$3,799,308$0$0$1,656,555
81$4,073,846$0$0$1,778,706
82$4,372,828$0$0$1,911,841
83$4,698,635$0$0$2,057,034
84$5,053,887$0$0$2,215,468
85$5,441,469$0$0$2,388,444
86$5,864,554$0$0$2,577,394
87$6,326,638$0$0$2,783,894
88$6,831,567$0$0$3,009,681
89$7,383,577$0$0$3,256,666
90$7,987,331$0$0$3,526,953
91$8,647,962$0$0$3,822,860
92$9,371,124$0$0$4,146,939
93$10,163,042$0$0$4,501,999
94$11,030,572$0$0$4,891,136
95$11,981,263$0$0$5,317,757
96$13,023,431$0$0$5,785,617
97$14,166,231$0$0$6,298,850
98$15,419,752$0$0$6,862,011
99$16,795,101$0$0$7,480,116
100$18,304,516$0$0$8,158,690