Can I retire at age 45 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$44,675$44,277$43,889$43,510$43,140$41,593
2 years$22,116$21,705$21,305$20,918$20,543$19,001
3 years$14,598$14,184$13,786$13,403$13,033$11,545
4 years$10,839$10,427$10,033$9,656$9,295$7,872
5 years$8,585$8,175$7,786$7,417$7,066$5,712
6 years$7,082$6,675$6,292$5,931$5,591$4,306
7 years$6,009$5,606$5,229$4,876$4,547$3,332
8 years$5,205$4,805$4,434$4,091$3,772$2,625
9 years$4,580$4,184$3,819$3,484$3,177$2,097
10 years$4,080$3,688$3,330$3,003$2,707$1,692
11 years$3,671$3,283$2,931$2,614$2,328$1,376
12 years$3,331$2,947$2,602$2,293$2,017$1,126
13 years$3,043$2,663$2,324$2,024$1,759$926
14 years$2,797$2,421$2,088$1,797$1,542$764
15 years$2,583$2,211$1,886$1,602$1,358$633
16 years$2,397$2,029$1,710$1,435$1,200$526
17 years$2,232$1,868$1,556$1,289$1,064$437
18 years$2,086$1,727$1,420$1,162$946$365
19 years$1,956$1,600$1,300$1,050$843$304
20 years$1,839$1,487$1,193$951$753$254
21 years$1,733$1,385$1,097$863$674$213
22 years$1,637$1,293$1,011$785$604$178
23 years$1,549$1,209$934$715$542$149
24 years$1,469$1,133$864$652$487$125
25 years$1,395$1,063$800$595$439$105
26 years$1,327$999$742$544$395$88
27 years$1,264$940$689$498$356$74
28 years$1,206$886$640$456$321$62
29 years$1,152$836$596$419$290$52
30 years$1,101$789$555$384$262$44
31 years$1,054$746$518$353$237$37
32 years$1,010$706$483$324$214$31
33 years$969$669$451$298$194$26
34 years$930$634$421$274$176$22
35 years$894$601$394$253$159$18
36 years$859$571$368$233$144$15
37 years$827$542$345$214$131$13
38 years$796$515$323$197$119$11
39 years$767$490$303$182$107$9
40 years$740$466$284$168$97$8
41 years$714$444$266$155$88$7
42 years$689$422$249$143$80$5
43 years$665$402$234$132$73$5
44 years$643$384$220$122$66$4
45 years$621$366$206$113$60$3
46 years$601$349$194$104$54$3
47 years$582$333$182$96$49$2
48 years$563$318$171$89$45$2
49 years$545$304$161$82$41$2
50 years$528$290$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $541,000, adding $3,509 every year, while hoping to spend $22,039 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: 28/44/28 Blend
44$541,000$541,000$541,000$541,000
45$599,802$571,129$562,743$611,316
46$637,532$575,665$558,146$625,332
47$678,372$579,684$552,655$638,244
48$722,616$583,139$546,220$651,674
49$770,587$585,977$538,782$665,680
50$822,641$588,143$530,285$680,331
51$879,167$589,579$520,667$695,702
52$940,597$590,223$509,864$711,879
53$1,007,403$590,009$497,809$728,959
54$1,080,106$588,867$484,433$747,048
55$1,159,277$586,722$469,662$766,269
56$1,245,547$583,496$453,420$786,758
57$1,339,610$579,104$435,626$808,665
58$1,442,228$573,458$416,198$832,163
59$1,554,241$566,463$395,046$857,440
60$1,676,575$558,021$372,081$884,711
61$1,810,246$548,024$347,206$914,212
62$1,956,375$536,362$320,322$946,209
63$2,116,197$522,915$291,324$980,997
64$2,291,068$507,557$260,103$1,018,907
65$2,482,486$490,156$226,545$1,060,305
66$2,692,097$470,571$190,531$1,105,600
67$2,921,714$448,652$151,938$1,155,248
68$3,173,336$424,243$110,635$1,209,754
69$3,449,162$397,177$66,486$1,269,681
70$3,751,614$367,276$19,352$1,335,655
71$4,083,362$334,356$0$1,408,371
72$4,447,344$298,219$0$1,497,845
73$4,846,798$258,657$0$1,602,460
74$5,285,290$215,449$0$1,717,426
75$5,766,748$168,364$0$1,843,847
76$6,295,498$117,157$0$1,982,946
77$6,876,309$61,567$0$2,136,072
78$7,514,430$1,321$0$2,304,719
79$8,215,646$0$0$2,490,539
80$8,986,332$0$0$2,726,281
81$9,833,506$0$0$2,986,219
82$10,764,906$0$0$3,272,100
83$11,789,052$0$0$3,586,551
84$12,915,335$0$0$3,932,467
85$14,154,097$0$0$4,313,040
86$15,516,738$0$0$4,731,785
87$17,015,814$0$0$5,192,574
88$18,665,161$0$0$5,699,675
89$20,480,025$0$0$6,257,790
90$22,477,201$0$0$6,872,101
91$24,675,198$0$0$7,548,316
92$27,094,409$0$0$8,292,725
93$29,757,303$0$0$9,112,260
94$32,688,639$0$0$10,014,559
95$35,915,697$0$0$11,008,038
96$39,468,540$0$0$12,101,968
97$43,380,290$0$0$13,306,570
98$47,687,446$0$0$14,633,102
99$52,430,227$0$0$16,093,972
100$57,652,949$0$0$17,702,853