Can I retire at age 45 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$45,914$45,505$45,106$44,717$44,336$43,983
2 years$22,730$22,306$21,896$21,498$21,112$20,757
3 years$15,003$14,577$14,168$13,774$13,395$13,047
4 years$11,140$10,716$10,311$9,924$9,553$9,216
5 years$8,823$8,401$8,002$7,622$7,262$6,937
6 years$7,279$6,860$6,467$6,096$5,746$5,434
7 years$6,176$5,761$5,374$5,011$4,673$4,373
8 years$5,349$4,939$4,557$4,204$3,877$3,589
9 years$4,707$4,300$3,925$3,581$3,265$2,989
10 years$4,193$3,790$3,422$3,087$2,782$2,518
11 years$3,773$3,374$3,013$2,686$2,393$2,141
12 years$3,423$3,028$2,674$2,356$2,073$1,834
13 years$3,128$2,737$2,389$2,080$1,808$1,580
14 years$2,874$2,488$2,146$1,847$1,585$1,368
15 years$2,655$2,273$1,938$1,647$1,395$1,189
16 years$2,463$2,085$1,757$1,475$1,233$1,038
17 years$2,294$1,920$1,599$1,325$1,094$908
18 years$2,144$1,774$1,459$1,194$972$797
19 years$2,010$1,644$1,336$1,079$867$701
20 years$1,890$1,528$1,226$977$774$618
21 years$1,781$1,423$1,128$887$693$545
22 years$1,682$1,329$1,039$806$621$482
23 years$1,592$1,243$960$734$557$426
24 years$1,509$1,164$888$670$501$378
25 years$1,433$1,093$822$612$451$335
26 years$1,364$1,027$762$559$406$297
27 years$1,299$966$708$512$366$264
28 years$1,239$911$658$469$330$235
29 years$1,184$859$613$430$298$209
30 years$1,132$811$571$395$270$186
31 years$1,083$767$532$363$244$165
32 years$1,038$726$496$333$220$147
33 years$996$687$463$306$199$131
34 years$956$651$433$282$181$117
35 years$918$618$405$260$164$104
36 years$883$586$379$239$148$93
37 years$850$557$354$220$134$83
38 years$818$529$332$203$122$74
39 years$788$503$311$187$110$66
40 years$760$479$291$173$100$59
41 years$733$456$273$159$91$53
42 years$708$434$256$147$82$47
43 years$684$414$241$136$75$42
44 years$661$394$226$125$68$37
45 years$639$376$212$116$62$33
46 years$618$359$199$107$56$30
47 years$598$342$187$99$51$27
48 years$579$327$176$91$46$24
49 years$560$312$165$84$42$21
50 years$543$298$155$78$38$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $556,000, adding $2,859 every year, while hoping to spend $31,492 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: 58/20/22 Blend
44$556,000$556,000$556,000$556,000
45$615,661$586,193$577,575$647,587
46$644,951$581,409$563,417$664,868
47$676,174$575,336$547,728$680,064
48$709,492$567,876$530,426$695,943
49$745,085$558,927$511,421$712,580
50$783,151$548,382$490,620$730,057
51$823,905$536,125$467,928$748,466
52$867,583$522,034$443,244$767,908
53$914,445$505,982$416,461$788,500
54$964,775$487,833$387,469$810,370
55$1,018,887$467,441$356,154$833,660
56$1,077,122$444,654$322,394$858,532
57$1,139,858$419,312$286,064$885,163
58$1,207,509$391,243$247,032$913,753
59$1,280,528$360,268$205,161$944,522
60$1,359,416$326,195$160,308$977,718
61$1,444,722$288,824$112,323$1,013,615
62$1,537,047$247,940$61,050$1,052,519
63$1,637,057$203,319$6,326$1,094,769
64$1,745,479$154,724$0$1,140,743
65$1,863,115$101,903$0$1,203,085
66$1,990,848$44,592$0$1,272,415
67$2,129,646$0$0$1,347,808
68$2,280,578$0$0$1,433,734
69$2,444,817$0$0$1,537,955
70$2,623,654$0$0$1,651,483
71$2,818,511$0$0$1,775,226
72$3,030,951$0$0$1,910,182
73$3,262,696$0$0$2,057,451
74$3,515,640$0$0$2,218,243
75$3,791,870$0$0$2,393,891
76$4,093,680$0$0$2,585,860
77$4,423,599$0$0$2,795,765
78$4,784,409$0$0$3,025,384
79$5,179,175$0$0$3,276,675
80$5,611,269$0$0$3,551,792
81$6,084,407$0$0$3,853,110
82$6,602,679$0$0$4,183,241
83$7,170,593$0$0$4,545,066
84$7,793,108$0$0$4,941,752
85$8,475,689$0$0$5,376,794
86$9,224,356$0$0$5,854,035
87$10,045,738$0$0$6,377,713
88$10,947,137$0$0$6,952,492
89$11,936,595$0$0$7,583,513
90$13,022,972$0$0$8,276,437
91$14,216,029$0$0$9,037,501
92$15,526,516$0$0$9,873,574
93$16,966,277$0$0$10,792,225
94$18,548,360$0$0$11,801,793
95$20,287,137$0$0$12,911,462
96$22,198,446$0$0$14,131,354
97$24,299,732$0$0$15,472,616
98$26,610,216$0$0$16,947,532
99$29,151,074$0$0$18,569,637
100$31,945,638$0$0$20,353,840