Can I retire at age 45 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$46,327$45,914$45,512$45,119$44,735$44,434
2 years$22,934$22,507$22,093$21,692$21,302$20,999
3 years$15,138$14,709$14,296$13,898$13,515$13,219
4 years$11,240$10,812$10,404$10,013$9,639$9,352
5 years$8,902$8,477$8,074$7,691$7,327$7,050
6 years$7,344$6,922$6,525$6,150$5,798$5,531
7 years$6,232$5,813$5,422$5,057$4,715$4,459
8 years$5,398$4,983$4,598$4,242$3,912$3,666
9 years$4,749$4,339$3,961$3,613$3,294$3,059
10 years$4,231$3,824$3,453$3,115$2,807$2,581
11 years$3,807$3,404$3,040$2,711$2,414$2,199
12 years$3,454$3,056$2,698$2,378$2,092$1,887
13 years$3,156$2,761$2,410$2,099$1,824$1,628
14 years$2,900$2,510$2,166$1,863$1,599$1,413
15 years$2,679$2,293$1,955$1,662$1,408$1,231
16 years$2,485$2,104$1,773$1,488$1,244$1,076
17 years$2,315$1,938$1,613$1,337$1,103$944
18 years$2,164$1,790$1,473$1,205$981$830
19 years$2,028$1,659$1,348$1,089$874$731
20 years$1,907$1,542$1,237$986$781$646
21 years$1,797$1,436$1,138$895$699$571
22 years$1,697$1,341$1,049$814$627$506
23 years$1,606$1,254$968$741$562$449
24 years$1,523$1,175$896$676$505$399
25 years$1,446$1,102$830$617$455$354
26 years$1,376$1,036$769$564$410$315
27 years$1,311$975$714$517$369$281
28 years$1,250$919$664$473$333$250
29 years$1,194$867$618$434$301$223
30 years$1,142$819$576$398$272$199
31 years$1,093$774$537$366$246$178
32 years$1,047$732$501$336$222$159
33 years$1,005$693$468$309$201$142
34 years$964$657$437$284$182$127
35 years$927$623$408$262$165$113
36 years$891$592$382$241$150$101
37 years$857$562$358$222$136$90
38 years$826$534$335$205$123$81
39 years$795$508$314$189$111$72
40 years$767$483$294$174$101$65
41 years$740$460$276$161$92$58
42 years$714$438$259$148$83$52
43 years$690$417$243$137$76$46
44 years$667$398$228$126$69$42
45 years$644$379$214$117$62$37
46 years$623$362$201$108$56$33
47 years$603$345$189$100$51$30
48 years$584$330$177$92$47$27
49 years$565$315$167$85$42$24
50 years$548$301$157$79$38$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $561,000, adding $3,189 every year, while hoping to spend $44,980 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: 62/9/29 Blend
44$561,000$561,000$561,000$561,000
45$621,511$591,778$583,083$655,016
46$637,047$572,917$554,758$659,317
47$652,660$551,624$523,976$658,865
48$668,311$527,733$490,609$657,422
49$683,953$501,067$454,519$654,900
50$699,537$471,440$415,566$651,203
51$715,004$438,654$373,601$646,230
52$730,288$402,502$328,470$639,869
53$745,314$362,762$280,012$632,001
54$760,001$319,202$228,057$622,496
55$774,254$271,575$172,429$611,215
56$787,967$219,622$112,945$598,005
57$801,023$163,067$49,412$582,704
58$813,291$101,621$0$565,134
59$824,623$34,976$0$550,792
60$834,854$0$0$550,468
61$843,802$0$0$552,380
62$851,262$0$0$556,717
63$857,007$0$0$559,857
64$860,784$0$0$561,629
65$862,311$0$0$561,838
66$861,277$0$0$560,270
67$857,333$0$0$556,688
68$850,096$0$0$550,827
69$839,139$0$0$542,396
70$823,987$0$0$531,069
71$804,116$0$0$516,487
72$778,945$0$0$498,252
73$747,830$0$0$475,924
74$710,058$0$0$449,013
75$664,841$0$0$416,981
76$611,306$0$0$379,230
77$548,488$0$0$335,100
78$475,320$0$0$283,860
79$390,622$0$0$224,702
80$293,089$0$0$156,735
81$181,280$0$0$78,972
82$53,603$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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