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%11.4%
1 years$45,914$45,505$45,106$44,717$44,336$44,075
2 years$22,730$22,306$21,896$21,498$21,112$20,849
3 years$15,003$14,577$14,168$13,774$13,395$13,137
4 years$11,140$10,716$10,311$9,924$9,553$9,304
5 years$8,823$8,401$8,002$7,622$7,262$7,021
6 years$7,279$6,860$6,467$6,096$5,746$5,514
7 years$6,176$5,761$5,374$5,011$4,673$4,450
8 years$5,349$4,939$4,557$4,204$3,877$3,663
9 years$4,707$4,300$3,925$3,581$3,265$3,060
10 years$4,193$3,790$3,422$3,087$2,782$2,585
11 years$3,773$3,374$3,013$2,686$2,393$2,205
12 years$3,423$3,028$2,674$2,356$2,073$1,894
13 years$3,128$2,737$2,389$2,080$1,808$1,637
14 years$2,874$2,488$2,146$1,847$1,585$1,422
15 years$2,655$2,273$1,938$1,647$1,395$1,241
16 years$2,463$2,085$1,757$1,475$1,233$1,086
17 years$2,294$1,920$1,599$1,325$1,094$954
18 years$2,144$1,774$1,459$1,194$972$840
19 years$2,010$1,644$1,336$1,079$867$741
20 years$1,890$1,528$1,226$977$774$656
21 years$1,781$1,423$1,128$887$693$581
22 years$1,682$1,329$1,039$806$621$515
23 years$1,592$1,243$960$734$557$458
24 years$1,509$1,164$888$670$501$407
25 years$1,433$1,093$822$612$451$362
26 years$1,364$1,027$762$559$406$323
27 years$1,299$966$708$512$366$288
28 years$1,239$911$658$469$330$257
29 years$1,184$859$613$430$298$230
30 years$1,132$811$571$395$270$205
31 years$1,083$767$532$363$244$183
32 years$1,038$726$496$333$220$164
33 years$996$687$463$306$199$147
34 years$956$651$433$282$181$131
35 years$918$618$405$260$164$118
36 years$883$586$379$239$148$105
37 years$850$557$354$220$134$94
38 years$818$529$332$203$122$84
39 years$788$503$311$187$110$76
40 years$760$479$291$173$100$68
41 years$733$456$273$159$91$61
42 years$708$434$256$147$82$55
43 years$684$414$241$136$75$49
44 years$661$394$226$125$68$44
45 years$639$376$212$116$62$39
46 years$618$359$199$107$56$35
47 years$598$342$187$99$51$32
48 years$579$327$176$91$46$28
49 years$560$312$165$84$42$25
50 years$543$298$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 $556,000, adding $6,904 every year, while hoping to spend $40,649 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: 66/13/21 Blend
44$556,000$556,000$556,000$556,000
45$619,833$590,365$581,747$657,010
46$639,806$576,043$557,986$668,493
47$660,454$559,657$532,066$675,760
48$681,802$541,062$503,872$682,746
49$703,879$520,107$473,284$689,423
50$726,712$496,629$440,177$695,763
51$750,331$470,459$404,418$701,737
52$774,769$441,415$365,870$707,313
53$800,059$409,308$324,389$712,458
54$826,235$373,934$279,827$717,137
55$853,335$335,081$232,025$721,316
56$881,399$292,524$180,821$724,956
57$910,467$246,023$126,044$728,018
58$940,584$195,327$67,516$730,461
59$971,796$140,171$5,050$732,243
60$1,004,152$80,273$0$733,319
61$1,037,707$15,337$0$747,449
62$1,072,514$0$0$762,884
63$1,108,634$0$0$786,350
64$1,146,129$0$0$812,992
65$1,185,069$0$0$840,665
66$1,225,524$0$0$869,419
67$1,267,573$0$0$899,311
68$1,311,297$0$0$930,400
69$1,356,786$0$0$962,750
70$1,404,135$0$0$996,429
71$1,453,445$0$0$1,031,512
72$1,504,826$0$0$1,068,076
73$1,558,397$0$0$1,106,207
74$1,614,285$0$0$1,145,997
75$1,672,627$0$0$1,187,545
76$1,733,571$0$0$1,230,957
77$1,797,276$0$0$1,276,350
78$1,863,916$0$0$1,323,847
79$1,933,678$0$0$1,373,584
80$2,006,765$0$0$1,425,707
81$2,083,395$0$0$1,480,376
82$2,163,808$0$0$1,537,762
83$2,248,262$0$0$1,598,052
84$2,337,039$0$0$1,661,451
85$2,430,444$0$0$1,728,179
86$2,528,809$0$0$1,798,477
87$2,632,497$0$0$1,872,606
88$2,741,902$0$0$1,950,854
89$2,857,454$0$0$2,033,531
90$2,979,623$0$0$2,120,977
91$3,108,921$0$0$2,213,564
92$3,245,906$0$0$2,311,696
93$3,391,190$0$0$2,415,817
94$3,545,441$0$0$2,526,410
95$3,709,387$0$0$2,644,006
96$3,883,829$0$0$2,769,183
97$4,069,641$0$0$2,902,576
98$4,267,780$0$0$3,044,880
99$4,479,295$0$0$3,196,856
100$4,705,335$0$0$3,359,336