Can I retire at age 45 with 553,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$45,666$45,259$44,863$44,475$44,097$43,600
2 years$22,607$22,186$21,778$21,382$20,999$20,498
3 years$14,922$14,499$14,092$13,700$13,322$12,834
4 years$11,080$10,658$10,255$9,870$9,502$9,030
5 years$8,775$8,356$7,958$7,581$7,223$6,768
6 years$7,239$6,823$6,432$6,063$5,715$5,279
7 years$6,143$5,730$5,345$4,984$4,648$4,229
8 years$5,321$4,912$4,533$4,181$3,856$3,455
9 years$4,681$4,277$3,904$3,562$3,247$2,865
10 years$4,171$3,770$3,404$3,070$2,767$2,402
11 years$3,753$3,356$2,997$2,672$2,380$2,032
12 years$3,405$3,012$2,659$2,344$2,062$1,731
13 years$3,111$2,722$2,376$2,069$1,798$1,484
14 years$2,859$2,474$2,135$1,837$1,576$1,278
15 years$2,641$2,260$1,927$1,638$1,388$1,105
16 years$2,450$2,074$1,747$1,467$1,227$959
17 years$2,282$1,910$1,590$1,318$1,088$835
18 years$2,133$1,765$1,452$1,188$967$728
19 years$1,999$1,636$1,329$1,073$862$637
20 years$1,879$1,520$1,220$972$770$558
21 years$1,771$1,416$1,122$882$689$489
22 years$1,673$1,322$1,034$802$618$430
23 years$1,583$1,236$955$730$554$378
24 years$1,501$1,158$883$666$498$333
25 years$1,426$1,087$818$608$448$294
26 years$1,356$1,021$758$556$404$259
27 years$1,292$961$704$509$364$229
28 years$1,233$906$655$466$329$202
29 years$1,177$854$609$428$297$178
30 years$1,126$807$567$393$268$158
31 years$1,078$763$529$361$242$139
32 years$1,033$722$494$331$219$123
33 years$990$684$461$305$198$109
34 years$951$648$431$280$180$97
35 years$913$615$403$258$163$86
36 years$878$583$377$238$147$76
37 years$845$554$353$219$134$67
38 years$814$526$330$202$121$60
39 years$784$501$309$186$110$53
40 years$756$476$290$172$100$47
41 years$729$453$272$158$90$41
42 years$704$432$255$146$82$37
43 years$680$411$239$135$74$33
44 years$657$392$225$125$68$29
45 years$635$374$211$115$61$26
46 years$614$357$198$106$56$23
47 years$594$340$186$98$51$20
48 years$575$325$175$91$46$18
49 years$557$310$164$84$42$16
50 years$540$296$155$78$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $553,000, adding $2,573 every year, while hoping to spend $34,687 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: 75/13/12 Blend
44$553,000$553,000$553,000$553,000
45$612,060$582,751$574,180$656,317
46$637,583$574,399$556,508$677,518
47$664,548$564,475$537,082$696,143
48$693,063$552,866$515,805$715,593
49$723,250$539,451$492,579$735,940
50$755,240$524,103$467,300$757,263
51$789,177$506,687$439,857$779,648
52$825,219$487,059$410,137$803,191
53$863,536$465,070$378,021$828,000
54$904,316$440,559$343,385$854,193
55$947,767$413,356$306,099$881,901
56$994,113$383,284$266,026$911,268
57$1,043,600$350,153$223,026$942,456
58$1,096,500$313,764$176,951$975,644
59$1,153,110$273,904$127,645$1,011,027
60$1,213,753$230,352$74,947$1,048,825
61$1,278,787$182,871$18,690$1,089,280
62$1,348,604$131,212$0$1,132,659
63$1,423,633$75,112$0$1,184,554
64$1,504,344$14,294$0$1,242,895
65$1,591,257$0$0$1,305,676
66$1,684,939$0$0$1,380,696
67$1,786,015$0$0$1,463,860
68$1,895,171$0$0$1,553,690
69$2,013,161$0$0$1,650,810
70$2,140,813$0$0$1,755,902
71$2,279,038$0$0$1,869,721
72$2,428,838$0$0$1,993,093
73$2,591,314$0$0$2,126,927
74$2,767,676$0$0$2,272,225
75$2,959,257$0$0$2,430,086
76$3,167,521$0$0$2,601,720
77$3,394,081$0$0$2,788,460
78$3,640,709$0$0$2,991,771
79$3,909,357$0$0$3,213,264
80$4,202,171$0$0$3,454,714
81$4,521,516$0$0$3,718,073
82$4,869,992$0$0$4,005,491
83$5,250,461$0$0$4,319,333
84$5,666,076$0$0$4,662,203
85$6,120,305$0$0$5,036,969
86$6,616,969$0$0$5,446,785
87$7,160,274$0$0$5,895,129
88$7,754,849$0$0$6,385,826
89$8,405,794$0$0$6,923,090
90$9,118,723$0$0$7,511,561
91$9,899,821$0$0$8,156,349
92$10,755,897$0$0$8,863,081
93$11,694,451$0$0$9,637,956
94$12,723,744$0$0$10,487,800
95$13,852,872$0$0$11,420,131
96$15,091,858$0$0$12,443,231
97$16,451,740$0$0$13,566,222
98$17,944,675$0$0$14,799,152
99$19,584,058$0$0$16,153,090
100$21,384,642$0$0$17,640,229