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%11.4%
1 years$45,749$45,341$44,944$44,556$44,177$43,917
2 years$22,648$22,226$21,817$21,421$21,037$20,774
3 years$14,949$14,525$14,117$13,725$13,346$13,090
4 years$11,100$10,677$10,274$9,888$9,519$9,270
5 years$8,791$8,371$7,973$7,595$7,236$6,996
6 years$7,252$6,836$6,443$6,074$5,726$5,494
7 years$6,154$5,741$5,354$4,993$4,656$4,434
8 years$5,330$4,921$4,541$4,189$3,863$3,650
9 years$4,690$4,284$3,911$3,568$3,253$3,049
10 years$4,178$3,777$3,410$3,076$2,772$2,576
11 years$3,760$3,362$3,002$2,677$2,384$2,197
12 years$3,411$3,018$2,664$2,348$2,066$1,887
13 years$3,116$2,727$2,380$2,073$1,801$1,631
14 years$2,864$2,479$2,139$1,840$1,579$1,417
15 years$2,645$2,264$1,931$1,641$1,390$1,236
16 years$2,454$2,078$1,751$1,469$1,229$1,082
17 years$2,286$1,913$1,593$1,320$1,090$951
18 years$2,137$1,768$1,454$1,190$969$837
19 years$2,003$1,639$1,331$1,075$864$739
20 years$1,883$1,523$1,222$974$771$653
21 years$1,774$1,418$1,124$884$690$579
22 years$1,676$1,324$1,036$803$619$513
23 years$1,586$1,238$956$732$555$456
24 years$1,504$1,160$884$667$499$406
25 years$1,428$1,089$819$609$449$361
26 years$1,359$1,023$760$557$405$322
27 years$1,294$963$705$510$365$287
28 years$1,235$907$656$467$329$256
29 years$1,179$856$610$429$297$229
30 years$1,128$808$568$393$269$204
31 years$1,080$764$530$361$243$183
32 years$1,034$723$494$332$220$163
33 years$992$685$462$305$199$146
34 years$952$649$431$281$180$131
35 years$915$616$403$259$163$117
36 years$880$584$377$238$148$105
37 years$847$555$353$219$134$94
38 years$815$527$331$202$121$84
39 years$786$502$310$186$110$75
40 years$757$477$290$172$100$68
41 years$731$454$272$159$91$61
42 years$705$433$255$146$82$54
43 years$681$412$240$135$75$49
44 years$658$393$225$125$68$44
45 years$636$375$211$115$61$39
46 years$615$357$198$106$56$35
47 years$596$341$186$98$51$32
48 years$577$326$175$91$46$28
49 years$558$311$165$84$42$25
50 years$541$297$155$78$38$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $554,000, adding $5,637 every year, while hoping to spend $49,089 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: 59/21/20 Blend
44$554,000$554,000$554,000$554,000
45$616,323$586,961$578,374$649,123
46$626,957$563,491$545,519$648,556
47$637,031$537,227$509,918$642,088
48$646,436$507,978$471,428$633,935
49$655,049$475,546$429,897$623,941
50$662,735$439,719$385,170$611,940
51$669,343$400,274$337,082$597,751
52$674,703$356,974$285,461$581,176
53$678,628$309,572$230,130$562,002
54$680,910$257,802$170,901$539,996
55$681,315$201,387$107,579$514,906
56$679,587$140,033$39,960$486,458
57$675,440$73,429$0$454,354
58$668,555$1,247$0$425,140
59$658,581$0$0$401,140
60$645,127$0$0$391,243
61$627,761$0$0$379,063
62$606,003$0$0$364,001
63$579,325$0$0$345,709
64$547,137$0$0$323,807
65$508,791$0$0$297,869
66$463,568$0$0$267,429
67$410,673$0$0$231,967
68$349,228$0$0$190,912
69$278,259$0$0$143,631
70$196,694$0$0$89,425
71$103,347$0$0$27,521
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0