Can I retire at age 45 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$46,244$45,832$45,430$45,038$44,655$43,576
2 years$22,893$22,467$22,054$21,653$21,264$20,183
3 years$15,111$14,682$14,270$13,873$13,491$12,442
4 years$11,220$10,793$10,385$9,995$9,622$8,613
5 years$8,886$8,462$8,059$7,677$7,314$6,349
6 years$7,331$6,910$6,513$6,139$5,788$4,866
7 years$6,220$5,803$5,412$5,048$4,707$3,830
8 years$5,388$4,974$4,590$4,234$3,905$3,071
9 years$4,741$4,331$3,953$3,607$3,288$2,498
10 years$4,223$3,817$3,447$3,109$2,802$2,054
11 years$3,800$3,398$3,034$2,706$2,410$1,703
12 years$3,448$3,050$2,693$2,373$2,088$1,421
13 years$3,150$2,757$2,406$2,095$1,821$1,193
14 years$2,895$2,506$2,162$1,860$1,596$1,005
15 years$2,674$2,289$1,952$1,659$1,405$850
16 years$2,481$2,100$1,770$1,485$1,242$722
17 years$2,311$1,934$1,610$1,334$1,101$614
18 years$2,160$1,787$1,470$1,203$979$523
19 years$2,025$1,656$1,346$1,087$873$447
20 years$1,903$1,539$1,235$984$780$382
21 years$1,794$1,434$1,136$893$698$327
22 years$1,694$1,338$1,047$812$625$281
23 years$1,603$1,252$967$740$561$241
24 years$1,520$1,173$894$675$505$207
25 years$1,444$1,101$828$616$454$178
26 years$1,373$1,034$768$563$409$153
27 years$1,308$973$713$516$369$131
28 years$1,248$917$663$472$333$113
29 years$1,192$865$617$433$300$97
30 years$1,140$817$575$398$271$84
31 years$1,091$773$536$365$245$72
32 years$1,046$731$500$336$222$62
33 years$1,003$692$467$309$201$54
34 years$963$656$436$284$182$46
35 years$925$622$408$261$165$40
36 years$889$591$381$241$149$34
37 years$856$561$357$222$135$30
38 years$824$533$334$204$123$26
39 years$794$507$313$188$111$22
40 years$766$482$294$174$101$19
41 years$739$459$275$160$92$16
42 years$713$437$258$148$83$14
43 years$689$417$242$137$75$12
44 years$665$397$227$126$68$11
45 years$643$379$214$117$62$9
46 years$622$361$201$108$56$8
47 years$602$345$188$99$51$7
48 years$583$329$177$92$47$6
49 years$564$314$166$85$42$5
50 years$547$300$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $560,000, adding $6,220 every year, while hoping to spend $30,109 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: 31/47/22 Blend
44$560,000$560,000$560,000$560,000
45$623,536$593,856$585,176$638,455
46$655,101$590,919$572,744$647,348
47$688,876$586,829$558,886$653,782
48$725,056$581,498$543,523$660,084
49$763,852$574,832$526,571$666,264
50$805,498$566,732$507,944$672,331
51$850,249$557,092$487,551$678,300
52$898,387$545,802$465,296$684,191
53$950,219$532,743$441,080$690,029
54$1,006,084$517,790$414,799$695,844
55$1,066,355$500,812$386,344$701,673
56$1,131,438$481,667$355,603$707,561
57$1,201,784$460,208$322,455$713,561
58$1,277,886$436,278$286,777$719,737
59$1,360,287$409,712$248,440$726,163
60$1,449,582$380,333$207,308$732,925
61$1,546,427$347,958$163,241$740,124
62$1,651,543$312,388$116,091$747,876
63$1,765,724$273,419$65,703$756,316
64$1,889,842$230,830$11,918$765,596
65$2,024,856$184,391$0$775,894
66$2,171,823$133,858$0$798,084
67$2,331,903$78,971$0$825,400
68$2,506,377$19,460$0$855,343
69$2,696,650$0$0$888,251
70$2,904,271$0$0$947,758
71$3,130,946$0$0$1,023,796
72$3,378,550$0$0$1,106,940
73$3,649,150$0$0$1,197,894
74$3,945,020$0$0$1,297,434
75$4,268,663$0$0$1,406,414
76$4,622,838$0$0$1,525,774
77$5,010,579$0$0$1,656,550
78$5,435,231$0$0$1,799,882
79$5,900,475$0$0$1,957,026
80$6,410,366$0$0$2,129,366
81$6,969,369$0$0$2,318,425
82$7,582,402$0$0$2,525,883
83$8,254,883$0$0$2,753,586
84$8,992,777$0$0$3,003,573
85$9,802,658$0$0$3,278,085
86$10,691,763$0$0$3,579,594
87$11,668,069$0$0$3,910,823
88$12,740,358$0$0$4,274,769
89$13,918,309$0$0$4,674,736
90$15,212,581$0$0$5,114,364
91$16,634,919$0$0$5,597,663
92$18,198,261$0$0$6,129,049
93$19,916,862$0$0$6,713,390
94$21,806,424$0$0$7,356,049
95$23,884,250$0$0$8,062,932
96$26,169,402$0$0$8,840,548
97$28,682,882$0$0$9,696,071
98$31,447,829$0$0$10,637,401
99$34,489,738$0$0$11,673,245
100$37,836,700$0$0$12,813,196