Can I retire at age 45 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$45,749$45,341$44,944$44,556$44,177$42,592
2 years$22,648$22,226$21,817$21,421$21,037$19,457
3 years$14,949$14,525$14,117$13,725$13,346$11,822
4 years$11,100$10,677$10,274$9,888$9,519$8,061
5 years$8,791$8,371$7,973$7,595$7,236$5,849
6 years$7,252$6,836$6,443$6,074$5,726$4,410
7 years$6,154$5,741$5,354$4,993$4,656$3,412
8 years$5,330$4,921$4,541$4,189$3,863$2,688
9 years$4,690$4,284$3,911$3,568$3,253$2,147
10 years$4,178$3,777$3,410$3,076$2,772$1,732
11 years$3,760$3,362$3,002$2,677$2,384$1,409
12 years$3,411$3,018$2,664$2,348$2,066$1,153
13 years$3,116$2,727$2,380$2,073$1,801$948
14 years$2,864$2,479$2,139$1,840$1,579$783
15 years$2,645$2,264$1,931$1,641$1,390$648
16 years$2,454$2,078$1,751$1,469$1,229$538
17 years$2,286$1,913$1,593$1,320$1,090$448
18 years$2,137$1,768$1,454$1,190$969$373
19 years$2,003$1,639$1,331$1,075$864$312
20 years$1,883$1,523$1,222$974$771$261
21 years$1,774$1,418$1,124$884$690$218
22 years$1,676$1,324$1,036$803$619$183
23 years$1,586$1,238$956$732$555$153
24 years$1,504$1,160$884$667$499$128
25 years$1,428$1,089$819$609$449$108
26 years$1,359$1,023$760$557$405$90
27 years$1,294$963$705$510$365$76
28 years$1,235$907$656$467$329$64
29 years$1,179$856$610$429$297$54
30 years$1,128$808$568$393$269$45
31 years$1,080$764$530$361$243$38
32 years$1,034$723$494$332$220$32
33 years$992$685$462$305$199$27
34 years$952$649$431$281$180$22
35 years$915$616$403$259$163$19
36 years$880$584$377$238$148$16
37 years$847$555$353$219$134$13
38 years$815$527$331$202$121$11
39 years$786$502$310$186$110$9
40 years$757$477$290$172$100$8
41 years$731$454$272$159$91$7
42 years$705$433$255$146$82$6
43 years$681$412$240$135$75$5
44 years$658$393$225$125$68$4
45 years$636$375$211$115$61$3
46 years$615$357$198$106$56$3
47 years$596$341$186$98$51$2
48 years$577$326$175$91$46$2
49 years$558$311$165$84$42$2
50 years$541$297$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $554,000, adding $6,140 every year, while hoping to spend $42,013 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: 59/36/5 Blend
44$554,000$554,000$554,000$554,000
45$616,841$587,479$578,892$652,324
46$635,058$571,564$553,584$660,907
47$653,724$553,461$526,019$664,895
48$672,842$533,019$496,079$668,173
49$692,411$510,077$463,637$670,676
50$712,432$484,465$428,563$672,331
51$732,900$456,004$390,721$673,062
52$753,812$424,504$349,966$672,788
53$775,160$389,765$306,149$671,420
54$796,937$351,573$259,116$668,865
55$819,131$309,706$208,702$665,022
56$841,726$263,926$154,738$659,784
57$864,706$213,983$97,046$653,036
58$888,050$159,611$35,440$644,655
59$911,732$100,533$0$634,509
60$935,722$36,452$0$624,073
61$959,985$0$0$613,703
62$984,481$0$0$614,405
63$1,009,162$0$0$629,643
64$1,033,976$0$0$644,942
65$1,058,859$0$0$660,260
66$1,083,743$0$0$675,551
67$1,108,546$0$0$690,761
68$1,133,178$0$0$705,832
69$1,157,537$0$0$720,695
70$1,181,507$0$0$735,275
71$1,204,958$0$0$749,485
72$1,227,744$0$0$763,230
73$1,249,700$0$0$776,402
74$1,270,642$0$0$788,880
75$1,290,364$0$0$800,530
76$1,308,637$0$0$811,200
77$1,325,204$0$0$820,722
78$1,339,777$0$0$828,909
79$1,352,038$0$0$835,552
80$1,361,632$0$0$840,419
81$1,368,162$0$0$843,250
82$1,371,188$0$0$843,760
83$1,370,223$0$0$841,628
84$1,364,724$0$0$836,500
85$1,354,088$0$0$827,984
86$1,337,647$0$0$815,644
87$1,314,660$0$0$798,995
88$1,284,307$0$0$777,503
89$1,245,677$0$0$750,575
90$1,197,765$0$0$717,554
91$1,139,453$0$0$677,713
92$1,069,508$0$0$630,247
93$986,565$0$0$574,268
94$889,113$0$0$508,790
95$775,480$0$0$432,726
96$643,822$0$0$344,873
97$492,095$0$0$243,900
98$318,044$0$0$128,340
99$119,176$0$0$0
100$0$0$0$0