Can I retire at age 45 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$46,905$46,487$46,079$45,682$45,293$44,579
2 years$23,220$22,788$22,369$21,962$21,568$20,851
3 years$15,326$14,892$14,474$14,071$13,684$12,985
4 years$11,380$10,947$10,533$10,138$9,759$9,085
5 years$9,013$8,583$8,174$7,787$7,419$6,771
6 years$7,436$7,008$6,606$6,227$5,870$5,249
7 years$6,309$5,886$5,490$5,120$4,774$4,180
8 years$5,465$5,045$4,656$4,295$3,961$3,394
9 years$4,808$4,393$4,010$3,658$3,335$2,795
10 years$4,284$3,872$3,496$3,153$2,842$2,328
11 years$3,855$3,447$3,078$2,744$2,444$1,956
12 years$3,497$3,094$2,731$2,407$2,118$1,655
13 years$3,195$2,796$2,440$2,125$1,847$1,408
14 years$2,936$2,541$2,193$1,887$1,619$1,204
15 years$2,712$2,322$1,980$1,682$1,426$1,034
16 years$2,516$2,130$1,795$1,506$1,260$890
17 years$2,344$1,962$1,633$1,354$1,117$769
18 years$2,191$1,813$1,491$1,220$993$665
19 years$2,054$1,680$1,365$1,102$885$577
20 years$1,930$1,561$1,253$998$791$501
21 years$1,819$1,454$1,152$906$708$436
22 years$1,718$1,357$1,062$824$634$380
23 years$1,626$1,270$981$750$569$332
24 years$1,542$1,189$907$684$512$289
25 years$1,464$1,116$840$625$461$253
26 years$1,393$1,049$779$571$415$221
27 years$1,327$987$723$523$374$193
28 years$1,266$930$672$479$337$169
29 years$1,209$878$626$439$305$148
30 years$1,156$829$583$403$275$130
31 years$1,107$784$543$370$249$114
32 years$1,061$741$507$340$225$100
33 years$1,017$702$473$313$204$88
34 years$976$665$442$288$185$77
35 years$938$631$414$265$167$67
36 years$902$599$387$244$151$59
37 years$868$569$362$225$137$52
38 years$836$541$339$207$124$46
39 years$805$514$318$191$113$40
40 years$777$489$298$176$102$35
41 years$749$466$279$163$93$31
42 years$723$443$262$150$84$27
43 years$698$423$246$139$76$24
44 years$675$403$231$128$69$21
45 years$652$384$217$118$63$18
46 years$631$366$203$109$57$16
47 years$611$350$191$101$52$14
48 years$591$334$180$93$47$12
49 years$572$319$169$86$43$11
50 years$555$304$159$80$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $568,000, adding $4,178 every year, while hoping to spend $38,484 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: 30/45/25 Blend
44$568,000$568,000$568,000$568,000
45$630,246$600,142$591,338$644,180
46$653,584$588,602$570,201$643,749
47$678,013$575,207$547,066$639,603
48$703,603$559,825$521,826$634,362
49$730,432$542,317$494,368$627,956
50$758,581$522,536$464,574$620,313
51$788,141$500,325$432,322$611,357
52$819,210$475,520$397,484$601,010
53$851,895$447,945$359,925$589,189
54$886,311$417,417$319,505$575,810
55$922,584$383,740$276,078$560,786
56$960,852$346,708$229,491$544,023
57$1,001,264$306,102$179,584$525,428
58$1,043,984$261,693$126,192$504,903
59$1,089,191$213,235$69,139$482,348
60$1,137,078$160,474$8,245$457,657
61$1,187,859$103,135$0$430,725
62$1,241,765$40,934$0$416,577
63$1,299,051$0$0$403,297
64$1,359,995$0$0$401,713
65$1,424,901$0$0$421,662
66$1,494,103$0$0$442,983
67$1,567,965$0$0$465,797
68$1,646,887$0$0$490,232
69$1,731,307$0$0$516,433
70$1,821,705$0$0$544,557
71$1,918,610$0$0$574,776
72$2,022,597$0$0$607,280
73$2,134,303$0$0$642,276
74$2,254,423$0$0$679,993
75$2,383,721$0$0$720,681
76$2,523,037$0$0$764,617
77$2,673,293$0$0$812,102
78$2,835,501$0$0$863,470
79$3,010,775$0$0$919,086
80$3,200,338$0$0$979,353
81$3,405,534$0$0$1,044,712
82$3,627,840$0$0$1,115,650
83$3,868,883$0$0$1,192,702
84$4,130,448$0$0$1,276,455
85$4,414,502$0$0$1,367,558
86$4,723,206$0$0$1,466,721
87$5,058,938$0$0$1,574,729
88$5,424,314$0$0$1,692,443
89$5,822,214$0$0$1,820,812
90$6,255,805$0$0$1,960,881
91$6,728,574$0$0$2,113,799
92$7,244,357$0$0$2,280,831
93$7,807,379$0$0$2,463,370
94$8,422,288$0$0$2,662,950
95$9,094,202$0$0$2,881,259
96$9,828,756$0$0$3,120,156
97$10,632,153$0$0$3,381,688
98$11,511,224$0$0$3,668,110
99$12,473,490$0$0$3,981,904
100$13,527,233$0$0$4,325,804