Can I retire at age 45 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$45,997$45,587$45,187$44,797$44,416$43,377
2 years$22,771$22,346$21,935$21,537$21,150$20,110
3 years$15,030$14,604$14,194$13,799$13,419$12,409
4 years$11,160$10,735$10,329$9,941$9,570$8,599
5 years$8,839$8,417$8,016$7,636$7,275$6,345
6 years$7,292$6,873$6,478$6,107$5,757$4,869
7 years$6,187$5,772$5,383$5,021$4,682$3,836
8 years$5,359$4,947$4,566$4,212$3,884$3,080
9 years$4,715$4,308$3,932$3,587$3,271$2,508
10 years$4,201$3,797$3,428$3,092$2,787$2,065
11 years$3,780$3,380$3,018$2,691$2,397$1,714
12 years$3,429$3,034$2,679$2,361$2,077$1,432
13 years$3,133$2,742$2,393$2,084$1,811$1,204
14 years$2,879$2,492$2,150$1,850$1,588$1,016
15 years$2,660$2,277$1,941$1,650$1,398$861
16 years$2,468$2,089$1,760$1,477$1,236$731
17 years$2,298$1,924$1,602$1,327$1,095$623
18 years$2,148$1,778$1,462$1,196$974$532
19 years$2,014$1,647$1,338$1,081$868$455
20 years$1,893$1,531$1,228$979$775$390
21 years$1,784$1,426$1,130$888$694$334
22 years$1,685$1,331$1,041$808$622$287
23 years$1,595$1,245$962$736$558$247
24 years$1,512$1,166$889$671$502$212
25 years$1,436$1,095$824$613$452$183
26 years$1,366$1,029$764$560$407$157
27 years$1,301$968$709$513$367$135
28 years$1,241$912$659$470$331$117
29 years$1,186$861$614$431$299$101
30 years$1,134$813$572$395$270$87
31 years$1,085$768$533$363$244$75
32 years$1,040$727$497$334$221$65
33 years$998$689$464$307$200$56
34 years$958$653$434$282$181$48
35 years$920$619$406$260$164$42
36 years$885$587$379$239$148$36
37 years$851$558$355$221$135$31
38 years$820$530$332$203$122$27
39 years$790$504$312$187$111$23
40 years$762$480$292$173$100$20
41 years$735$457$274$160$91$17
42 years$709$435$257$147$83$15
43 years$685$414$241$136$75$13
44 years$662$395$226$125$68$11
45 years$640$377$212$116$62$10
46 years$619$359$199$107$56$8
47 years$599$343$187$99$51$7
48 years$580$327$176$91$46$6
49 years$561$313$166$84$42$5
50 years$544$299$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $557,000, adding $4,134 every year, while hoping to spend $23,182 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: 67/14/19 Blend
44$557,000$557,000$557,000$557,000
45$618,078$588,557$579,924$656,316
46$656,457$592,731$574,686$686,597
47$697,973$596,332$568,495$716,626
48$742,922$599,309$561,296$748,903
49$791,630$601,604$553,029$783,647
50$844,453$603,160$543,632$821,101
51$901,784$603,912$533,041$861,534
52$964,056$603,793$521,188$905,240
53$1,031,744$602,733$508,001$952,548
54$1,105,370$600,656$493,408$1,003,818
55$1,185,511$597,481$477,330$1,059,447
56$1,272,799$593,123$459,686$1,119,874
57$1,367,930$587,492$440,392$1,185,584
58$1,471,673$580,493$419,359$1,257,112
59$1,584,869$572,023$396,493$1,335,048
60$1,708,449$561,976$371,699$1,420,043
61$1,843,435$550,236$344,875$1,512,815
62$1,990,952$536,685$315,915$1,614,156
63$2,152,240$521,193$284,709$1,724,943
64$2,328,663$503,626$251,141$1,846,138
65$2,521,723$483,840$215,091$1,978,808
66$2,733,074$461,684$176,432$2,124,127
67$2,964,539$436,997$135,033$2,283,390
68$3,218,123$409,611$90,758$2,458,026
69$3,496,035$379,345$43,462$2,649,613
70$3,800,708$346,011$0$2,859,890
71$4,134,823$309,408$0$3,092,197
72$4,501,330$269,325$0$3,356,723
73$4,903,481$225,537$0$3,647,017
74$5,344,857$177,809$0$3,965,687
75$5,829,401$125,890$0$4,315,608
76$6,361,458$69,517$0$4,699,949
77$6,945,816$8,412$0$5,122,203
78$7,587,746$0$0$5,586,220
79$8,293,056$0$0$6,105,135
80$9,068,147$0$0$6,676,849
81$9,920,066$0$0$7,305,272
82$10,856,580$0$0$7,996,136
83$11,886,246$0$0$8,755,758
84$13,018,490$0$0$9,591,099
85$14,263,698$0$0$10,509,825
86$15,633,313$0$0$11,520,385
87$17,139,942$0$0$12,632,087
88$18,797,476$0$0$13,855,186
89$20,621,221$0$0$15,200,981
90$22,628,039$0$0$16,681,924
91$24,836,512$0$0$18,311,732
92$27,267,111$0$0$20,105,520
93$29,942,396$0$0$22,079,943
94$32,887,223$0$0$24,253,353
95$36,128,979$0$0$26,645,970
96$39,697,842$0$0$29,280,076
97$43,627,066$0$0$32,180,221
98$47,953,293$0$0$35,373,458
99$52,716,897$0$0$38,889,598
100$57,962,369$0$0$42,761,487