Can I retire at age 45 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$46,492$46,078$45,674$45,279$44,894$43,096
2 years$23,016$22,587$22,172$21,769$21,378$19,589
3 years$15,191$14,761$14,347$13,948$13,563$11,840
4 years$11,280$10,851$10,441$10,048$9,673$8,028
5 years$8,934$8,507$8,102$7,718$7,354$5,791
6 years$7,370$6,947$6,548$6,172$5,819$4,340
7 years$6,254$5,834$5,441$5,075$4,732$3,337
8 years$5,417$5,001$4,615$4,257$3,926$2,612
9 years$4,766$4,354$3,975$3,626$3,306$2,072
10 years$4,246$3,838$3,465$3,126$2,817$1,660
11 years$3,821$3,417$3,051$2,720$2,423$1,340
12 years$3,466$3,067$2,707$2,386$2,099$1,089
13 years$3,167$2,771$2,419$2,106$1,831$889
14 years$2,910$2,519$2,173$1,870$1,605$728
15 years$2,688$2,301$1,962$1,668$1,413$598
16 years$2,494$2,111$1,779$1,493$1,249$493
17 years$2,323$1,944$1,619$1,342$1,107$407
18 years$2,171$1,797$1,478$1,209$985$336
19 years$2,036$1,665$1,353$1,092$878$279
20 years$1,913$1,547$1,242$989$784$231
21 years$1,803$1,441$1,142$898$701$192
22 years$1,703$1,345$1,053$816$629$159
23 years$1,612$1,258$972$744$564$132
24 years$1,528$1,179$899$678$507$110
25 years$1,452$1,106$832$619$456$91
26 years$1,381$1,040$772$566$411$76
27 years$1,315$979$717$518$371$63
28 years$1,255$922$666$475$335$53
29 years$1,198$870$620$436$302$44
30 years$1,146$822$578$400$273$36
31 years$1,097$777$539$367$247$30
32 years$1,051$735$503$337$223$25
33 years$1,008$696$469$310$202$21
34 years$968$660$438$285$183$18
35 years$930$626$410$263$166$15
36 years$894$594$383$242$150$12
37 years$860$564$359$223$136$10
38 years$829$536$336$206$123$8
39 years$798$510$315$190$112$7
40 years$770$485$295$175$101$6
41 years$743$462$277$161$92$5
42 years$717$440$260$149$84$4
43 years$692$419$244$137$76$3
44 years$669$399$229$127$69$3
45 years$647$381$215$117$62$2
46 years$625$363$202$108$57$2
47 years$605$347$189$100$51$2
48 years$586$331$178$92$47$1
49 years$567$316$167$85$42$1
50 years$550$302$157$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $563,000, adding $2,845 every year, while hoping to spend $42,402 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: 60/14/26 Blend
44$563,000$563,000$563,000$563,000
45$623,361$593,522$584,795$656,246
46$641,828$577,489$559,270$662,932
47$660,758$559,249$531,469$665,408
48$680,153$538,650$501,271$667,205
49$700,014$515,529$468,549$668,265
50$720,341$489,716$433,171$668,528
51$741,133$461,029$395,000$667,929
52$762,386$429,277$353,890$666,399
53$784,095$394,257$309,690$663,864
54$806,252$355,756$262,245$660,247
55$828,849$313,546$211,389$655,463
56$851,871$267,390$156,950$649,423
57$875,304$217,034$98,750$642,031
58$899,128$162,212$36,601$633,186
59$923,320$102,641$0$622,778
60$947,853$38,025$0$618,937
61$972,695$0$0$624,665
62$997,807$0$0$634,644
63$1,023,147$0$0$650,608
64$1,048,664$0$0$666,664
65$1,074,299$0$0$682,773
66$1,099,988$0$0$698,890
67$1,125,654$0$0$714,965
68$1,151,213$0$0$730,941
69$1,176,567$0$0$746,753
70$1,201,607$0$0$762,326
71$1,226,209$0$0$777,580
72$1,250,235$0$0$792,420
73$1,273,528$0$0$806,744
74$1,295,915$0$0$820,433
75$1,317,198$0$0$833,358
76$1,337,158$0$0$845,373
77$1,355,552$0$0$856,313
78$1,372,104$0$0$865,998
79$1,386,511$0$0$874,225
80$1,398,432$0$0$880,768
81$1,407,490$0$0$885,375
82$1,413,264$0$0$887,767
83$1,415,287$0$0$887,634
84$1,413,039$0$0$884,631
85$1,405,943$0$0$878,375
86$1,393,361$0$0$868,441
87$1,374,581$0$0$854,359
88$1,348,817$0$0$835,607
89$1,315,197$0$0$811,606
90$1,272,755$0$0$781,716
91$1,220,421$0$0$745,228
92$1,157,012$0$0$701,358
93$1,081,216$0$0$649,237
94$991,583$0$0$587,903
95$886,511$0$0$516,296
96$764,226$0$0$433,241
97$622,768$0$0$337,438
98$459,969$0$0$227,454
99$273,436$0$0$101,703
100$60,522$0$0$0