Can I retire at age 45 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$45,831$45,423$45,025$44,636$44,256$42,720
2 years$22,689$22,266$21,857$21,460$21,075$19,543
3 years$14,976$14,551$14,143$13,749$13,371$11,891
4 years$11,120$10,697$10,292$9,906$9,536$8,120
5 years$8,807$8,386$7,987$7,609$7,249$5,901
6 years$7,265$6,848$6,455$6,085$5,736$4,457
7 years$6,165$5,751$5,364$5,002$4,665$3,454
8 years$5,340$4,930$4,549$4,196$3,870$2,726
9 years$4,698$4,292$3,918$3,574$3,259$2,181
10 years$4,186$3,783$3,416$3,081$2,777$1,763
11 years$3,766$3,368$3,007$2,682$2,388$1,437
12 years$3,417$3,023$2,669$2,352$2,070$1,178
13 years$3,122$2,732$2,385$2,077$1,805$971
14 years$2,869$2,483$2,143$1,843$1,582$803
15 years$2,650$2,268$1,934$1,644$1,393$667
16 years$2,459$2,081$1,754$1,472$1,231$555
17 years$2,290$1,917$1,596$1,323$1,092$463
18 years$2,140$1,771$1,457$1,192$971$387
19 years$2,007$1,642$1,334$1,077$865$323
20 years$1,886$1,525$1,224$975$773$271
21 years$1,778$1,421$1,126$885$691$227
22 years$1,679$1,326$1,038$805$620$191
23 years$1,589$1,240$958$733$556$160
24 years$1,507$1,162$886$669$500$135
25 years$1,431$1,091$821$611$450$113
26 years$1,361$1,025$761$558$405$95
27 years$1,297$965$707$511$365$80
28 years$1,237$909$657$468$330$68
29 years$1,181$858$611$429$298$57
30 years$1,130$810$570$394$269$48
31 years$1,081$766$531$362$243$40
32 years$1,036$724$495$333$220$34
33 years$994$686$463$306$199$29
34 years$954$650$432$281$180$24
35 years$917$617$404$259$163$20
36 years$881$585$378$239$148$17
37 years$848$556$354$220$134$14
38 years$817$528$331$203$122$12
39 years$787$502$310$187$110$10
40 years$759$478$291$172$100$9
41 years$732$455$273$159$91$7
42 years$707$433$256$147$82$6
43 years$682$413$240$135$75$5
44 years$659$394$225$125$68$4
45 years$637$375$212$115$62$4
46 years$617$358$199$107$56$3
47 years$597$342$187$99$51$3
48 years$578$326$175$91$46$2
49 years$559$311$165$84$42$2
50 years$542$298$155$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $555,000, adding $6,659 every year, while hoping to spend $23,761 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: 34/44/22 Blend
44$555,000$555,000$555,000$555,000
45$618,479$589,064$580,461$635,162
46$656,282$592,646$574,625$651,698
47$697,145$595,608$567,797$666,874
48$741,354$597,894$559,919$682,754
49$789,226$599,444$550,930$699,416
50$841,106$600,196$540,765$716,946
51$897,377$600,083$529,359$735,442
52$958,457$599,035$516,640$755,011
53$1,024,808$596,976$502,536$775,775
54$1,096,938$593,827$486,970$797,871
55$1,175,404$589,503$469,862$821,450
56$1,260,821$583,915$451,128$846,682
57$1,353,864$576,966$430,681$873,756
58$1,455,278$568,557$408,428$902,884
59$1,565,881$558,581$384,274$934,302
60$1,686,573$546,923$358,120$968,271
61$1,818,346$533,466$329,860$1,005,085
62$1,962,292$518,080$299,385$1,045,069
63$2,119,613$500,633$266,581$1,088,586
64$2,291,631$480,982$231,329$1,136,038
65$2,479,803$458,976$193,505$1,187,874
66$2,685,734$434,456$152,978$1,244,591
67$2,911,188$407,253$109,612$1,306,743
68$3,158,111$377,191$63,266$1,374,944
69$3,428,645$344,080$13,792$1,449,876
70$3,725,148$307,721$0$1,532,296
71$4,050,218$267,904$0$1,632,200
72$4,406,716$224,407$0$1,745,413
73$4,797,793$176,995$0$1,869,766
74$5,226,919$125,420$0$2,006,445
75$5,697,920$69,420$0$2,156,761
76$6,215,004$8,718$0$2,322,164
77$6,782,812$0$0$2,504,257
78$7,406,453$0$0$2,732,400
79$8,091,558$0$0$2,987,751
80$8,844,327$0$0$3,268,413
81$9,671,592$0$0$3,576,943
82$10,580,881$0$0$3,916,161
83$11,580,484$0$0$4,289,172
84$12,679,539$0$0$4,699,396
85$13,888,109$0$0$5,150,605
86$15,217,284$0$0$5,646,951
87$16,679,281$0$0$6,193,010
88$18,287,561$0$0$6,793,825
89$20,056,957$0$0$7,454,950
90$22,003,809$0$0$8,182,507
91$24,146,123$0$0$8,983,240
92$26,503,737$0$0$9,864,580
93$29,098,511$0$0$10,834,716
94$31,954,532$0$0$11,902,671
95$35,098,337$0$0$13,078,385
96$38,559,171$0$0$14,372,814
97$42,369,254$0$0$15,798,028
98$46,564,094$0$0$17,367,329
99$51,182,812$0$0$19,095,372
100$56,268,519$0$0$20,998,308