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%14.5%
1 years$45,666$45,259$44,863$44,475$44,097$43,277
2 years$22,607$22,186$21,778$21,382$20,999$20,176
3 years$14,922$14,499$14,092$13,700$13,322$12,522
4 years$11,080$10,658$10,255$9,870$9,502$8,730
5 years$8,775$8,356$7,958$7,581$7,223$6,483
6 years$7,239$6,823$6,432$6,063$5,715$5,007
7 years$6,143$5,730$5,345$4,984$4,648$3,971
8 years$5,321$4,912$4,533$4,181$3,856$3,211
9 years$4,681$4,277$3,904$3,562$3,247$2,634
10 years$4,171$3,770$3,404$3,070$2,767$2,184
11 years$3,753$3,356$2,997$2,672$2,380$1,827
12 years$3,405$3,012$2,659$2,344$2,062$1,539
13 years$3,111$2,722$2,376$2,069$1,798$1,304
14 years$2,859$2,474$2,135$1,837$1,576$1,109
15 years$2,641$2,260$1,927$1,638$1,388$948
16 years$2,450$2,074$1,747$1,467$1,227$812
17 years$2,282$1,910$1,590$1,318$1,088$698
18 years$2,133$1,765$1,452$1,188$967$601
19 years$1,999$1,636$1,329$1,073$862$519
20 years$1,879$1,520$1,220$972$770$448
21 years$1,771$1,416$1,122$882$689$388
22 years$1,673$1,322$1,034$802$618$336
23 years$1,583$1,236$955$730$554$292
24 years$1,501$1,158$883$666$498$253
25 years$1,426$1,087$818$608$448$220
26 years$1,356$1,021$758$556$404$191
27 years$1,292$961$704$509$364$166
28 years$1,233$906$655$466$329$145
29 years$1,177$854$609$428$297$126
30 years$1,126$807$567$393$268$110
31 years$1,078$763$529$361$242$96
32 years$1,033$722$494$331$219$83
33 years$990$684$461$305$198$73
34 years$951$648$431$280$180$63
35 years$913$615$403$258$163$55
36 years$878$583$377$238$147$48
37 years$845$554$353$219$134$42
38 years$814$526$330$202$121$37
39 years$784$501$309$186$110$32
40 years$756$476$290$172$100$28
41 years$729$453$272$158$90$24
42 years$704$432$255$146$82$21
43 years$680$411$239$135$74$19
44 years$657$392$225$125$68$16
45 years$635$374$211$115$61$14
46 years$614$357$198$106$56$12
47 years$594$340$186$98$51$11
48 years$575$325$175$91$46$9
49 years$557$310$164$84$42$8
50 years$540$296$155$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $553,000, adding $2,261 every year, while hoping to spend $32,122 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: 48/28/24 Blend
44$553,000$553,000$553,000$553,000
45$611,738$582,429$573,858$636,831
46$639,958$576,791$558,904$648,975
47$669,980$569,799$542,374$658,777
48$701,953$561,355$524,178$668,775
49$736,042$551,351$504,228$679,001
50$772,426$539,676$482,428$689,494
51$811,303$526,209$458,679$700,298
52$852,889$510,826$432,877$711,466
53$897,419$493,392$404,914$723,056
54$945,153$473,766$374,676$735,135
55$996,377$451,798$342,046$747,782
56$1,051,403$427,331$306,900$761,085
57$1,110,572$400,198$269,108$775,144
58$1,174,263$370,220$228,535$790,072
59$1,242,889$337,211$185,042$805,999
60$1,316,903$300,974$138,480$823,071
61$1,396,804$261,299$88,697$841,451
62$1,483,141$217,966$35,531$861,326
63$1,576,517$170,741$0$882,905
64$1,677,592$119,378$0$911,851
65$1,787,096$63,616$0$953,063
66$1,905,828$3,182$0$997,772
67$2,034,669$0$0$1,046,361
68$2,174,587$0$0$1,118,419
69$2,326,646$0$0$1,197,849
70$2,492,019$0$0$1,284,289
71$2,671,993$0$0$1,378,421
72$2,867,987$0$0$1,480,993
73$3,081,562$0$0$1,592,829
74$3,314,433$0$0$1,714,837
75$3,568,492$0$0$1,848,016
76$3,845,818$0$0$1,993,464
77$4,148,702$0$0$2,152,391
78$4,479,664$0$0$2,326,131
79$4,841,480$0$0$2,516,149
80$5,237,205$0$0$2,724,060
81$5,670,204$0$0$2,951,643
82$6,144,180$0$0$3,200,857
83$6,663,215$0$0$3,473,856
84$7,231,799$0$0$3,773,017
85$7,854,881$0$0$4,100,954
86$8,537,908$0$0$4,460,548
87$9,286,881$0$0$4,854,972
88$10,108,410$0$0$5,287,719
89$11,009,774$0$0$5,762,639
90$11,998,992$0$0$6,283,972
91$13,084,897$0$0$6,856,387
92$14,277,217$0$0$7,485,029
93$15,586,670$0$0$8,175,565
94$17,025,062$0$0$8,934,238
95$18,605,399$0$0$9,767,927
96$20,342,010$0$0$10,684,206
97$22,250,679$0$0$11,691,425
98$24,348,797$0$0$12,798,779
99$26,655,522$0$0$14,016,401
100$29,191,963$0$0$15,355,452