Can I retire at age 45 with 557,000?

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 $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%12.3%
1 years$45,997$45,587$45,187$44,797$44,416$43,989
2 years$22,771$22,346$21,935$21,537$21,150$20,720
3 years$15,030$14,604$14,194$13,799$13,419$12,999
4 years$11,160$10,735$10,329$9,941$9,570$9,164
5 years$8,839$8,417$8,016$7,636$7,275$6,883
6 years$7,292$6,873$6,478$6,107$5,757$5,380
7 years$6,187$5,772$5,383$5,021$4,682$4,320
8 years$5,359$4,947$4,566$4,212$3,884$3,537
9 years$4,715$4,308$3,932$3,587$3,271$2,940
10 years$4,201$3,797$3,428$3,092$2,787$2,471
11 years$3,780$3,380$3,018$2,691$2,397$2,095
12 years$3,429$3,034$2,679$2,361$2,077$1,790
13 years$3,133$2,742$2,393$2,084$1,811$1,538
14 years$2,879$2,492$2,150$1,850$1,588$1,328
15 years$2,660$2,277$1,941$1,650$1,398$1,152
16 years$2,468$2,089$1,760$1,477$1,236$1,002
17 years$2,298$1,924$1,602$1,327$1,095$875
18 years$2,148$1,778$1,462$1,196$974$765
19 years$2,014$1,647$1,338$1,081$868$671
20 years$1,893$1,531$1,228$979$775$590
21 years$1,784$1,426$1,130$888$694$519
22 years$1,685$1,331$1,041$808$622$457
23 years$1,595$1,245$962$736$558$403
24 years$1,512$1,166$889$671$502$356
25 years$1,436$1,095$824$613$452$315
26 years$1,366$1,029$764$560$407$279
27 years$1,301$968$709$513$367$247
28 years$1,241$912$659$470$331$219
29 years$1,186$861$614$431$299$194
30 years$1,134$813$572$395$270$172
31 years$1,085$768$533$363$244$153
32 years$1,040$727$497$334$221$135
33 years$998$689$464$307$200$120
34 years$958$653$434$282$181$107
35 years$920$619$406$260$164$95
36 years$885$587$379$239$148$84
37 years$851$558$355$221$135$75
38 years$820$530$332$203$122$67
39 years$790$504$312$187$111$59
40 years$762$480$292$173$100$53
41 years$735$457$274$160$91$47
42 years$709$435$257$147$83$42
43 years$685$414$241$136$75$37
44 years$662$395$226$125$68$33
45 years$640$377$212$116$62$29
46 years$619$359$199$107$56$26
47 years$599$343$187$99$51$23
48 years$580$327$176$91$46$21
49 years$561$313$166$84$42$18
50 years$544$299$156$78$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $557,000, adding $6,766 every year, while hoping to spend $36,768 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: 58/14/28 Blend
44$557,000$557,000$557,000$557,000
45$620,793$591,272$582,639$651,698
46$644,993$581,124$563,036$663,479
47$670,429$569,245$541,545$671,866
48$697,189$555,514$518,062$680,253
49$725,367$539,799$492,482$688,652
50$755,066$521,961$464,692$697,075
51$786,400$501,854$434,576$705,540
52$819,491$479,323$402,012$714,066
53$854,472$454,204$366,873$722,680
54$891,491$426,322$329,026$731,409
55$930,706$395,495$288,332$740,289
56$972,292$361,528$244,645$749,362
57$1,016,440$324,217$197,814$758,675
58$1,063,357$283,344$147,682$768,283
59$1,113,272$238,680$94,081$778,251
60$1,166,434$189,984$36,841$788,654
61$1,223,116$136,999$0$799,575
62$1,283,618$79,456$0$818,356
63$1,348,266$17,069$0$850,082
64$1,417,421$0$0$883,918
65$1,491,476$0$0$927,845
66$1,570,864$0$0$977,784
67$1,656,057$0$0$1,031,410
68$1,747,576$0$0$1,089,052
69$1,845,993$0$0$1,151,077
70$1,951,933$0$0$1,217,882
71$2,066,085$0$0$1,289,907
72$2,189,204$0$0$1,367,635
73$2,322,122$0$0$1,451,594
74$2,465,750$0$0$1,542,368
75$2,621,092$0$0$1,640,597
76$2,789,249$0$0$1,746,983
77$2,971,434$0$0$1,862,301
78$3,168,979$0$0$1,987,401
79$3,383,348$0$0$2,123,218
80$3,616,154$0$0$2,270,780
81$3,869,169$0$0$2,431,221
82$4,144,343$0$0$2,605,785
83$4,443,821$0$0$2,795,841
84$4,769,963$0$0$3,002,897
85$5,125,367$0$0$3,228,612
86$5,512,892$0$0$3,474,812
87$5,935,684$0$0$3,743,506
88$6,397,205$0$0$4,036,906
89$6,901,268$0$0$4,357,447
90$7,452,070$0$0$4,707,810
91$8,054,229$0$0$5,090,946
92$8,712,833$0$0$5,510,104
93$9,433,483$0$0$5,968,863
94$10,222,345$0$0$6,471,161
95$11,086,211$0$0$7,021,339
96$12,032,558$0$0$7,624,174
97$13,069,622$0$0$8,284,928
98$14,206,474$0$0$9,009,396
99$15,453,103$0$0$9,803,960
100$16,820,512$0$0$10,675,652