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%15.6%
1 years$46,244$45,832$45,430$45,038$44,655$43,629
2 years$22,893$22,467$22,054$21,653$21,264$20,236
3 years$15,111$14,682$14,270$13,873$13,491$12,493
4 years$11,220$10,793$10,385$9,995$9,622$8,661
5 years$8,886$8,462$8,059$7,677$7,314$6,394
6 years$7,331$6,910$6,513$6,139$5,788$4,909
7 years$6,220$5,803$5,412$5,048$4,707$3,870
8 years$5,388$4,974$4,590$4,234$3,905$3,109
9 years$4,741$4,331$3,953$3,607$3,288$2,533
10 years$4,223$3,817$3,447$3,109$2,802$2,087
11 years$3,800$3,398$3,034$2,706$2,410$1,733
12 years$3,448$3,050$2,693$2,373$2,088$1,450
13 years$3,150$2,757$2,406$2,095$1,821$1,219
14 years$2,895$2,506$2,162$1,860$1,596$1,030
15 years$2,674$2,289$1,952$1,659$1,405$873
16 years$2,481$2,100$1,770$1,485$1,242$742
17 years$2,311$1,934$1,610$1,334$1,101$633
18 years$2,160$1,787$1,470$1,203$979$541
19 years$2,025$1,656$1,346$1,087$873$463
20 years$1,903$1,539$1,235$984$780$397
21 years$1,794$1,434$1,136$893$698$340
22 years$1,694$1,338$1,047$812$625$292
23 years$1,603$1,252$967$740$561$252
24 years$1,520$1,173$894$675$505$217
25 years$1,444$1,101$828$616$454$187
26 years$1,373$1,034$768$563$409$161
27 years$1,308$973$713$516$369$139
28 years$1,248$917$663$472$333$120
29 years$1,192$865$617$433$300$103
30 years$1,140$817$575$398$271$89
31 years$1,091$773$536$365$245$77
32 years$1,046$731$500$336$222$66
33 years$1,003$692$467$309$201$57
34 years$963$656$436$284$182$50
35 years$925$622$408$261$165$43
36 years$889$591$381$241$149$37
37 years$856$561$357$222$135$32
38 years$824$533$334$204$123$28
39 years$794$507$313$188$111$24
40 years$766$482$294$174$101$21
41 years$739$459$275$160$92$18
42 years$713$437$258$148$83$15
43 years$689$417$242$137$75$13
44 years$665$397$227$126$68$12
45 years$643$379$214$117$62$10
46 years$622$361$201$108$56$9
47 years$602$345$188$99$51$7
48 years$583$329$177$92$47$6
49 years$564$314$166$85$42$6
50 years$547$300$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 $560,000, adding $4,567 every year, while hoping to spend $42,816 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: 41/34/25 Blend
44$560,000$560,000$560,000$560,000
45$621,831$592,151$583,471$642,591
46$639,702$575,610$557,461$641,407
47$657,960$556,824$529,145$635,736
48$676,601$535,638$498,401$628,757
49$695,617$511,886$465,099$620,375
50$714,997$485,395$429,107$610,489
51$734,729$455,982$390,285$598,992
52$754,798$423,452$348,486$585,770
53$775,186$387,600$303,559$570,702
54$795,870$348,208$255,343$553,659
55$816,825$305,046$203,673$534,506
56$838,020$257,873$148,376$513,097
57$859,421$206,431$89,269$489,278
58$880,986$150,450$26,163$462,885
59$902,668$89,644$0$433,745
60$924,415$23,711$0$412,657
61$946,164$0$0$396,602
62$967,847$0$0$396,275
63$989,385$0$0$404,714
64$1,010,688$0$0$413,006
65$1,031,656$0$0$421,105
66$1,052,176$0$0$428,958
67$1,072,120$0$0$436,507
68$1,091,347$0$0$443,685
69$1,109,695$0$0$450,419
70$1,126,987$0$0$456,626
71$1,143,022$0$0$462,215
72$1,157,576$0$0$467,083
73$1,170,401$0$0$471,116
74$1,181,218$0$0$474,186
75$1,189,720$0$0$476,152
76$1,195,561$0$0$476,858
77$1,198,359$0$0$476,127
78$1,197,689$0$0$473,767
79$1,193,079$0$0$469,562
80$1,184,006$0$0$463,274
81$1,169,889$0$0$454,637
82$1,150,082$0$0$443,359
83$1,123,873$0$0$429,115
84$1,090,469$0$0$411,544
85$1,048,995$0$0$390,249
86$998,480$0$0$364,788
87$937,852$0$0$334,675
88$865,921$0$0$299,370
89$781,374$0$0$258,276
90$682,758$0$0$210,734
91$568,466$0$0$156,016
92$436,723$0$0$93,316
93$285,565$0$0$21,743
94$112,825$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0