Can I retire at age 45 with 560,000?

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 $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%18.5%
1 years$46,244$45,832$45,430$45,038$44,655$43,122
2 years$22,893$22,467$22,054$21,653$21,264$19,736
3 years$15,111$14,682$14,270$13,873$13,491$12,014
4 years$11,220$10,793$10,385$9,995$9,622$8,209
5 years$8,886$8,462$8,059$7,677$7,314$5,968
6 years$7,331$6,910$6,513$6,139$5,788$4,510
7 years$6,220$5,803$5,412$5,048$4,707$3,497
8 years$5,388$4,974$4,590$4,234$3,905$2,762
9 years$4,741$4,331$3,953$3,607$3,288$2,211
10 years$4,223$3,817$3,447$3,109$2,802$1,789
11 years$3,800$3,398$3,034$2,706$2,410$1,458
12 years$3,448$3,050$2,693$2,373$2,088$1,197
13 years$3,150$2,757$2,406$2,095$1,821$987
14 years$2,895$2,506$2,162$1,860$1,596$817
15 years$2,674$2,289$1,952$1,659$1,405$678
16 years$2,481$2,100$1,770$1,485$1,242$565
17 years$2,311$1,934$1,610$1,334$1,101$472
18 years$2,160$1,787$1,470$1,203$979$394
19 years$2,025$1,656$1,346$1,087$873$330
20 years$1,903$1,539$1,235$984$780$277
21 years$1,794$1,434$1,136$893$698$232
22 years$1,694$1,338$1,047$812$625$195
23 years$1,603$1,252$967$740$561$164
24 years$1,520$1,173$894$675$505$138
25 years$1,444$1,101$828$616$454$116
26 years$1,373$1,034$768$563$409$98
27 years$1,308$973$713$516$369$82
28 years$1,248$917$663$472$333$69
29 years$1,192$865$617$433$300$59
30 years$1,140$817$575$398$271$49
31 years$1,091$773$536$365$245$42
32 years$1,046$731$500$336$222$35
33 years$1,003$692$467$309$201$30
34 years$963$656$436$284$182$25
35 years$925$622$408$261$165$21
36 years$889$591$381$241$149$18
37 years$856$561$357$222$135$15
38 years$824$533$334$204$123$13
39 years$794$507$313$188$111$11
40 years$766$482$294$174$101$9
41 years$739$459$275$160$92$8
42 years$713$437$258$148$83$6
43 years$689$417$242$137$75$5
44 years$665$397$227$126$68$5
45 years$643$379$214$117$62$4
46 years$622$361$201$108$56$3
47 years$602$345$188$99$51$3
48 years$583$329$177$92$47$2
49 years$564$314$166$85$42$2
50 years$547$300$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $560,000, adding $5,715 every year, while hoping to spend $24,549 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: 77/17/6 Blend
44$560,000$560,000$560,000$560,000
45$623,015$593,335$584,655$670,193
46$660,443$596,288$578,121$704,919
47$700,865$598,564$570,545$739,228
48$744,562$600,102$561,867$776,118
49$791,840$600,840$552,023$815,835
50$843,038$600,712$540,946$858,649
51$898,527$599,645$528,566$904,858
52$958,714$597,566$514,811$954,791
53$1,024,050$594,393$499,604$1,008,810
54$1,095,028$590,043$482,865$1,067,315
55$1,172,191$584,425$464,511$1,130,745
56$1,256,137$577,445$444,455$1,199,584
57$1,347,523$569,000$422,605$1,274,368
58$1,447,073$558,984$398,865$1,355,685
59$1,555,584$547,284$373,137$1,444,185
60$1,673,932$533,778$345,315$1,540,584
61$1,803,081$518,342$315,291$1,645,670
62$1,944,093$500,838$282,951$1,760,314
63$2,098,137$481,125$248,176$1,885,475
64$2,266,499$459,053$210,842$2,022,210
65$2,450,596$434,461$170,820$2,171,684
66$2,651,989$407,181$127,973$2,335,183
67$2,872,393$377,034$82,162$2,514,124
68$3,113,700$343,832$33,237$2,710,069
69$3,377,993$307,375$0$2,924,739
70$3,667,564$267,453$0$3,161,247
71$3,984,940$223,842$0$3,422,823
72$4,332,902$176,308$0$3,709,654
73$4,714,513$124,602$0$4,024,295
74$5,133,147$68,462$0$4,369,562
75$5,592,522$7,610$0$4,748,561
76$6,096,730$0$0$5,164,712
77$6,650,281$0$0$5,632,682
78$7,258,142$0$0$6,148,151
79$7,925,786$0$0$6,714,337
80$8,659,239$0$0$7,336,355
81$9,465,143$0$0$8,019,839
82$10,350,813$0$0$8,770,996
83$11,324,308$0$0$9,596,665
84$12,394,508$0$0$10,504,380
85$13,571,195$0$0$11,502,441
86$14,865,146$0$0$12,599,992
87$16,288,234$0$0$13,807,109
88$17,853,544$0$0$15,134,892
89$19,575,488$0$0$16,595,572
90$21,469,948$0$0$18,202,625
91$23,554,423$0$0$19,970,897
92$25,848,192$0$0$21,916,749
93$28,372,499$0$0$24,058,206
94$31,150,751$0$0$26,415,128
95$34,208,739$0$0$29,009,400
96$37,574,880$0$0$31,865,137
97$41,280,489$0$0$35,008,906
98$45,360,068$0$0$38,469,986
99$49,851,637$0$0$42,280,637
100$54,797,089$0$0$46,476,406