Can I retire at age 45 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$46,409$45,996$45,593$45,199$44,815$43,363
2 years$22,975$22,547$22,132$21,730$21,340$19,891
3 years$15,164$14,735$14,321$13,923$13,539$12,138
4 years$11,260$10,832$10,422$10,031$9,656$8,314
5 years$8,918$8,492$8,088$7,704$7,341$6,061
6 years$7,357$6,934$6,536$6,161$5,808$4,593
7 years$6,243$5,824$5,432$5,066$4,724$3,571
8 years$5,407$4,992$4,607$4,249$3,919$2,829
9 years$4,758$4,346$3,968$3,620$3,300$2,272
10 years$4,238$3,831$3,459$3,120$2,812$1,844
11 years$3,814$3,411$3,045$2,715$2,418$1,508
12 years$3,460$3,061$2,703$2,382$2,096$1,241
13 years$3,161$2,766$2,415$2,103$1,827$1,027
14 years$2,905$2,515$2,170$1,867$1,602$853
15 years$2,684$2,297$1,959$1,665$1,410$711
16 years$2,490$2,108$1,776$1,491$1,247$595
17 years$2,319$1,941$1,616$1,339$1,105$498
18 years$2,167$1,794$1,475$1,207$983$418
19 years$2,032$1,662$1,350$1,091$876$351
20 years$1,910$1,545$1,239$988$782$296
21 years$1,800$1,439$1,140$896$700$249
22 years$1,700$1,343$1,051$815$628$210
23 years$1,609$1,256$970$742$563$177
24 years$1,526$1,177$897$677$506$150
25 years$1,449$1,104$831$618$456$127
26 years$1,378$1,038$771$565$410$107
27 years$1,313$977$716$517$370$90
28 years$1,253$921$665$474$334$77
29 years$1,196$868$619$435$302$65
30 years$1,144$820$577$399$272$55
31 years$1,095$775$538$366$246$46
32 years$1,049$734$502$337$223$39
33 years$1,006$695$468$310$202$33
34 years$966$658$438$285$183$28
35 years$928$625$409$262$165$24
36 years$893$593$383$242$150$20
37 years$859$563$358$223$136$17
38 years$827$535$335$205$123$15
39 years$797$509$314$189$112$12
40 years$768$484$295$174$101$10
41 years$741$461$276$161$92$9
42 years$716$439$259$149$83$7
43 years$691$418$243$137$76$6
44 years$668$399$228$127$69$5
45 years$646$380$214$117$62$5
46 years$624$363$201$108$57$4
47 years$604$346$189$100$51$3
48 years$585$330$178$92$47$3
49 years$566$315$167$85$42$2
50 years$549$301$157$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $562,000, adding $2,674 every year, while hoping to spend $41,542 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: 42/41/17 Blend
44$562,000$562,000$562,000$562,000
45$622,082$592,296$583,585$645,009
46$641,334$577,118$558,935$646,283
47$661,158$559,805$532,067$643,387
48$681,567$540,206$502,862$639,371
49$702,576$518,166$471,198$634,155
50$724,201$493,518$436,944$627,649
51$746,455$466,086$399,968$619,762
52$769,353$435,683$360,126$610,396
53$792,909$402,114$317,273$599,448
54$817,139$365,171$271,254$586,806
55$842,055$324,632$221,909$572,356
56$867,673$280,267$169,071$555,975
57$894,004$231,829$112,564$537,532
58$921,063$179,059$52,205$516,890
59$948,862$121,684$0$493,903
60$977,413$59,413$0$470,633
61$1,006,727$0$0$454,952
62$1,036,814$0$0$440,881
63$1,067,682$0$0$453,940
64$1,099,340$0$0$467,326
65$1,131,795$0$0$481,040
66$1,165,049$0$0$495,083
67$1,199,107$0$0$509,456
68$1,233,968$0$0$524,156
69$1,269,630$0$0$539,183
70$1,306,089$0$0$554,531
71$1,343,335$0$0$570,196
72$1,381,358$0$0$586,170
73$1,420,140$0$0$602,445
74$1,459,661$0$0$619,009
75$1,499,895$0$0$635,849
76$1,540,811$0$0$652,948
77$1,582,370$0$0$670,287
78$1,624,527$0$0$687,842
79$1,667,227$0$0$705,588
80$1,710,408$0$0$723,493
81$1,753,997$0$0$741,520
82$1,797,910$0$0$759,630
83$1,842,049$0$0$777,776
84$1,886,304$0$0$795,903
85$1,930,549$0$0$813,950
86$1,974,639$0$0$831,850
87$2,018,413$0$0$849,525
88$2,061,687$0$0$866,886
89$2,104,252$0$0$883,836
90$2,145,875$0$0$900,263
91$2,186,294$0$0$916,043
92$2,225,214$0$0$931,037
93$2,262,306$0$0$945,090
94$2,297,200$0$0$958,027
95$2,329,483$0$0$969,655
96$2,358,695$0$0$979,757
97$2,384,322$0$0$988,092
98$2,405,793$0$0$994,392
99$2,422,468$0$0$998,358
100$2,433,640$0$0$999,659