Can I retire at age 45 with 556,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$45,914$45,505$45,106$44,717$44,336$43,566
2 years$22,730$22,306$21,896$21,498$21,112$20,339
3 years$15,003$14,577$14,168$13,774$13,395$12,642
4 years$11,140$10,716$10,311$9,924$9,553$8,827
5 years$8,823$8,401$8,002$7,622$7,262$6,565
6 years$7,279$6,860$6,467$6,096$5,746$5,078
7 years$6,176$5,761$5,374$5,011$4,673$4,035
8 years$5,349$4,939$4,557$4,204$3,877$3,268
9 years$4,707$4,300$3,925$3,581$3,265$2,685
10 years$4,193$3,790$3,422$3,087$2,782$2,231
11 years$3,773$3,374$3,013$2,686$2,393$1,870
12 years$3,423$3,028$2,674$2,356$2,073$1,578
13 years$3,128$2,737$2,389$2,080$1,808$1,339
14 years$2,874$2,488$2,146$1,847$1,585$1,142
15 years$2,655$2,273$1,938$1,647$1,395$978
16 years$2,463$2,085$1,757$1,475$1,233$840
17 years$2,294$1,920$1,599$1,325$1,094$723
18 years$2,144$1,774$1,459$1,194$972$624
19 years$2,010$1,644$1,336$1,079$867$540
20 years$1,890$1,528$1,226$977$774$467
21 years$1,781$1,423$1,128$887$693$406
22 years$1,682$1,329$1,039$806$621$352
23 years$1,592$1,243$960$734$557$306
24 years$1,509$1,164$888$670$501$267
25 years$1,433$1,093$822$612$451$232
26 years$1,364$1,027$762$559$406$202
27 years$1,299$966$708$512$366$176
28 years$1,239$911$658$469$330$154
29 years$1,184$859$613$430$298$134
30 years$1,132$811$571$395$270$117
31 years$1,083$767$532$363$244$103
32 years$1,038$726$496$333$220$90
33 years$996$687$463$306$199$78
34 years$956$651$433$282$181$68
35 years$918$618$405$260$164$60
36 years$883$586$379$239$148$52
37 years$850$557$354$220$134$46
38 years$818$529$332$203$122$40
39 years$788$503$311$187$110$35
40 years$760$479$291$173$100$31
41 years$733$456$273$159$91$27
42 years$708$434$256$147$82$24
43 years$684$414$241$136$75$21
44 years$661$394$226$125$68$18
45 years$639$376$212$116$62$16
46 years$618$359$199$107$56$14
47 years$598$342$187$99$51$12
48 years$579$327$176$91$46$11
49 years$560$312$165$84$42$9
50 years$543$298$155$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $556,000, adding $3,374 every year, while hoping to spend $37,190 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: 39/42/19 Blend
44$556,000$556,000$556,000$556,000
45$616,192$586,724$578,106$636,614
46$639,474$575,904$557,903$640,758
47$663,884$563,307$535,776$641,437
48$689,498$548,807$511,623$641,400
49$716,399$532,270$485,334$640,602
50$744,675$513,555$456,796$638,996
51$774,425$492,512$425,892$636,537
52$805,753$468,982$392,496$633,174
53$838,776$442,798$356,481$628,858
54$873,618$413,782$317,710$623,539
55$910,417$381,747$276,043$617,165
56$949,321$346,495$231,332$609,684
57$990,494$307,815$183,424$601,044
58$1,034,113$265,487$132,158$591,191
59$1,080,373$219,277$77,365$580,075
60$1,129,487$168,936$18,872$567,642
61$1,181,685$114,205$0$553,843
62$1,237,223$54,807$0$547,455
63$1,296,379$0$0$544,260
64$1,359,456$0$0$544,835
65$1,426,790$0$0$572,531
66$1,498,744$0$0$602,174
67$1,575,720$0$0$633,936
68$1,658,157$0$0$668,002
69$1,746,536$0$0$704,579
70$1,841,386$0$0$743,894
71$1,943,287$0$0$786,193
72$2,052,876$0$0$831,748
73$2,170,851$0$0$880,860
74$2,297,980$0$0$933,855
75$2,435,105$0$0$991,095
76$2,583,153$0$0$1,052,976
77$2,743,142$0$0$1,119,934
78$2,916,189$0$0$1,192,447
79$3,103,525$0$0$1,271,043
80$3,306,500$0$0$1,356,300
81$3,526,601$0$0$1,448,854
82$3,765,461$0$0$1,549,407
83$4,024,878$0$0$1,658,729
84$4,306,830$0$0$1,777,667
85$4,613,489$0$0$1,907,153
86$4,947,250$0$0$2,048,214
87$5,310,745$0$0$2,201,980
88$5,706,871$0$0$2,369,692
89$6,138,816$0$0$2,552,718
90$6,610,089$0$0$2,752,565
91$7,124,554$0$0$2,970,890
92$7,686,462$0$0$3,209,517
93$8,300,493$0$0$3,470,455
94$8,971,800$0$0$3,755,916
95$9,706,058$0$0$4,068,336
96$10,509,512$0$0$4,410,396
97$11,389,042$0$0$4,785,049
98$12,352,223$0$0$5,195,549
99$13,407,395$0$0$5,645,475
100$14,563,744$0$0$6,138,773