Can I retire at age 45 with 568,000?

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 $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%14.9%
1 years$46,905$46,487$46,079$45,682$45,293$44,379
2 years$23,220$22,788$22,369$21,962$21,568$20,651
3 years$15,326$14,892$14,474$14,071$13,684$12,792
4 years$11,380$10,947$10,533$10,138$9,759$8,900
5 years$9,013$8,583$8,174$7,787$7,419$6,595
6 years$7,436$7,008$6,606$6,227$5,870$5,082
7 years$6,309$5,886$5,490$5,120$4,774$4,022
8 years$5,465$5,045$4,656$4,295$3,961$3,245
9 years$4,808$4,393$4,010$3,658$3,335$2,655
10 years$4,284$3,872$3,496$3,153$2,842$2,196
11 years$3,855$3,447$3,078$2,744$2,444$1,833
12 years$3,497$3,094$2,731$2,407$2,118$1,540
13 years$3,195$2,796$2,440$2,125$1,847$1,301
14 years$2,936$2,541$2,193$1,887$1,619$1,104
15 years$2,712$2,322$1,980$1,682$1,426$940
16 years$2,516$2,130$1,795$1,506$1,260$804
17 years$2,344$1,962$1,633$1,354$1,117$689
18 years$2,191$1,813$1,491$1,220$993$591
19 years$2,054$1,680$1,365$1,102$885$509
20 years$1,930$1,561$1,253$998$791$438
21 years$1,819$1,454$1,152$906$708$378
22 years$1,718$1,357$1,062$824$634$327
23 years$1,626$1,270$981$750$569$283
24 years$1,542$1,189$907$684$512$245
25 years$1,464$1,116$840$625$461$212
26 years$1,393$1,049$779$571$415$184
27 years$1,327$987$723$523$374$159
28 years$1,266$930$672$479$337$138
29 years$1,209$878$626$439$305$120
30 years$1,156$829$583$403$275$104
31 years$1,107$784$543$370$249$90
32 years$1,061$741$507$340$225$79
33 years$1,017$702$473$313$204$68
34 years$976$665$442$288$185$59
35 years$938$631$414$265$167$52
36 years$902$599$387$244$151$45
37 years$868$569$362$225$137$39
38 years$836$541$339$207$124$34
39 years$805$514$318$191$113$29
40 years$777$489$298$176$102$26
41 years$749$466$279$163$93$22
42 years$723$443$262$150$84$19
43 years$698$423$246$139$76$17
44 years$675$403$231$128$69$15
45 years$652$384$217$118$63$13
46 years$631$366$203$109$57$11
47 years$611$350$191$101$52$10
48 years$591$334$180$93$47$8
49 years$572$319$169$86$43$7
50 years$555$304$159$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $568,000, adding $6,926 every year, while hoping to spend $29,473 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: 67/23/10 Blend
44$568,000$568,000$568,000$568,000
45$633,080$602,976$594,172$673,723
46$666,295$601,163$582,718$699,821
47$701,911$598,273$569,892$724,176
48$740,140$594,223$555,618$750,034
49$781,217$588,923$539,814$777,538
50$825,400$582,279$522,397$806,847
51$872,972$574,192$503,278$838,137
52$924,242$564,554$482,365$871,601
53$979,553$553,255$459,562$907,455
54$1,039,277$540,174$434,767$945,935
55$1,103,827$525,187$407,876$987,305
56$1,173,656$508,160$378,778$1,031,855
57$1,249,260$488,951$347,359$1,079,907
58$1,331,187$467,411$313,497$1,131,815
59$1,420,036$443,383$277,068$1,187,973
60$1,516,471$416,699$237,940$1,248,815
61$1,621,216$387,183$195,976$1,314,821
62$1,735,072$354,647$151,034$1,386,522
63$1,858,920$318,895$102,964$1,464,504
64$1,993,726$279,717$51,609$1,549,415
65$2,140,556$236,893$0$1,641,973
66$2,300,582$190,191$0$1,743,310
67$2,475,094$139,363$0$1,859,859
68$2,665,512$84,149$0$1,987,092
69$2,873,398$24,276$0$2,126,097
70$3,100,472$0$0$2,278,074
71$3,348,629$0$0$2,454,610
72$3,619,952$0$0$2,654,378
73$3,916,739$0$0$2,872,928
74$4,241,515$0$0$3,112,126
75$4,597,064$0$0$3,374,026
76$4,986,452$0$0$3,660,891
77$5,413,052$0$0$3,975,212
78$5,880,581$0$0$4,319,732
79$6,393,134$0$0$4,697,473
80$6,955,219$0$0$5,111,763
81$7,571,800$0$0$5,566,267
82$8,248,348$0$0$6,065,025
83$8,990,887$0$0$6,612,481
84$9,806,053$0$0$7,213,537
85$10,701,156$0$0$7,873,587
86$11,684,248$0$0$8,598,577
87$12,764,200$0$0$9,395,055
88$13,950,784$0$0$10,270,236
89$15,254,766$0$0$11,232,067
90$16,688,006$0$0$12,289,305
91$18,263,570$0$0$13,451,594
92$19,995,852$0$0$14,729,565
93$21,900,714$0$0$16,134,924
94$23,995,628$0$0$17,680,572
95$26,299,846$0$0$19,380,723
96$28,834,580$0$0$21,251,037
97$31,623,198$0$0$23,308,767
98$34,691,452$0$0$25,572,924
99$38,067,713$0$0$28,064,456
100$41,783,240$0$0$30,806,441