Can I retire at age 45 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$46,162$45,751$45,349$44,958$44,575$43,340
2 years$22,852$22,427$22,014$21,614$21,226$19,991
3 years$15,084$14,656$14,245$13,849$13,467$12,270
4 years$11,200$10,774$10,366$9,977$9,605$8,455
5 years$8,870$8,447$8,045$7,663$7,301$6,203
6 years$7,318$6,897$6,501$6,128$5,777$4,731
7 years$6,209$5,792$5,403$5,039$4,698$3,704
8 years$5,378$4,965$4,582$4,227$3,898$2,955
9 years$4,732$4,323$3,946$3,600$3,283$2,391
10 years$4,216$3,811$3,441$3,103$2,797$1,954
11 years$3,793$3,392$3,029$2,701$2,405$1,611
12 years$3,442$3,045$2,688$2,369$2,084$1,337
13 years$3,144$2,752$2,402$2,092$1,818$1,115
14 years$2,890$2,501$2,158$1,857$1,593$934
15 years$2,669$2,285$1,948$1,656$1,403$785
16 years$2,477$2,096$1,766$1,483$1,240$662
17 years$2,307$1,931$1,607$1,332$1,099$560
18 years$2,156$1,784$1,467$1,200$978$474
19 years$2,021$1,653$1,343$1,085$871$402
20 years$1,900$1,536$1,233$982$778$341
21 years$1,790$1,431$1,134$892$696$290
22 years$1,691$1,336$1,045$811$624$247
23 years$1,600$1,249$965$738$560$211
24 years$1,517$1,171$892$673$504$180
25 years$1,441$1,099$827$615$453$153
26 years$1,371$1,032$767$562$408$131
27 years$1,306$972$712$515$368$112
28 years$1,246$916$662$472$332$95
29 years$1,190$864$616$432$300$82
30 years$1,138$816$574$397$271$70
31 years$1,089$771$535$364$245$60
32 years$1,044$730$499$335$222$51
33 years$1,001$691$466$308$201$44
34 years$961$655$435$283$182$37
35 years$923$621$407$261$164$32
36 years$888$590$381$240$149$27
37 years$854$560$356$221$135$23
38 years$823$532$334$204$122$20
39 years$793$506$313$188$111$17
40 years$764$481$293$174$101$15
41 years$737$458$275$160$91$13
42 years$712$436$258$148$83$11
43 years$687$416$242$136$75$9
44 years$664$396$227$126$68$8
45 years$642$378$213$116$62$7
46 years$621$361$200$107$56$6
47 years$601$344$188$99$51$5
48 years$582$329$177$92$46$4
49 years$563$314$166$85$42$4
50 years$546$300$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $559,000, adding $2,221 every year, while hoping to spend $21,942 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: 80/14/6 Blend
44$559,000$559,000$559,000$559,000
45$618,309$588,682$580,017$667,315
46$658,030$594,181$576,102$705,217
47$701,068$599,215$571,320$743,668
48$747,737$603,736$565,619$785,191
49$798,383$607,697$558,945$830,079
50$853,389$611,044$551,240$878,659
51$913,172$613,723$542,444$931,287
52$978,195$615,674$532,495$988,359
53$1,048,964$616,836$521,327$1,050,307
54$1,126,038$617,140$508,871$1,117,610
55$1,210,031$616,517$495,055$1,190,795
56$1,301,619$614,891$479,804$1,270,443
57$1,401,546$612,183$463,039$1,357,192
58$1,510,631$608,308$444,679$1,451,747
59$1,629,776$603,175$424,636$1,554,886
60$1,759,973$596,691$402,822$1,667,462
61$1,902,316$588,754$379,141$1,790,420
62$2,058,006$579,256$353,496$1,924,797
63$2,228,368$568,086$325,784$2,071,739
64$2,414,862$555,122$295,898$2,232,507
65$2,619,092$540,238$263,725$2,408,492
66$2,842,829$523,298$229,149$2,601,226
67$3,088,019$504,162$192,047$2,812,398
68$3,356,808$482,677$152,292$3,043,870
69$3,651,558$458,684$109,750$3,297,692
70$3,974,872$432,015$64,282$3,576,125
71$4,329,617$402,491$15,742$3,881,662
72$4,718,948$369,923$0$4,217,049
73$5,146,344$334,113$0$4,587,620
74$5,615,636$294,849$0$4,995,629
75$6,131,042$251,908$0$5,443,755
76$6,697,213$205,056$0$5,936,062
77$7,319,268$154,043$0$6,477,027
78$8,002,849$98,607$0$7,071,586
79$8,754,172$38,471$0$7,725,177
80$9,580,083$0$0$8,443,793
81$10,488,126$0$0$9,238,147
82$11,486,612$0$0$10,118,155
83$12,584,697$0$0$11,085,961
84$13,792,471$0$0$12,150,460
85$15,121,047$0$0$13,321,450
86$16,582,674$0$0$14,609,728
87$18,190,843$0$0$16,027,189
88$19,960,423$0$0$17,586,940
89$21,907,795$0$0$19,303,423
90$24,051,008$0$0$21,192,549
91$26,409,950$0$0$23,271,852
92$29,006,535$0$0$25,560,649
93$31,864,909$0$0$28,080,229
94$35,011,678$0$0$30,854,047
95$38,476,159$0$0$33,907,947
96$42,290,655$0$0$37,270,409
97$46,490,763$0$0$40,972,814
98$51,115,705$0$0$45,049,739
99$56,208,702$0$0$49,539,289
100$61,817,380$0$0$54,483,448