Can I retire at age 45 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$45,171$44,768$44,376$43,993$43,619$43,416
2 years$22,362$21,945$21,542$21,150$20,771$20,567
3 years$14,760$14,341$13,939$13,551$13,178$12,978
4 years$10,959$10,543$10,144$9,763$9,399$9,205
5 years$8,680$8,265$7,872$7,499$7,145$6,958
6 years$7,161$6,749$6,362$5,997$5,653$5,473
7 years$6,076$5,668$5,287$4,930$4,598$4,424
8 years$5,263$4,859$4,484$4,136$3,814$3,648
9 years$4,631$4,230$3,862$3,523$3,212$3,052
10 years$4,125$3,729$3,367$3,037$2,737$2,584
11 years$3,712$3,320$2,964$2,643$2,354$2,207
12 years$3,368$2,979$2,630$2,318$2,040$1,900
13 years$3,077$2,693$2,350$2,047$1,779$1,645
14 years$2,828$2,447$2,112$1,817$1,559$1,432
15 years$2,612$2,236$1,907$1,620$1,373$1,252
16 years$2,423$2,051$1,729$1,451$1,213$1,098
17 years$2,257$1,889$1,573$1,303$1,076$967
18 years$2,110$1,746$1,436$1,175$957$853
19 years$1,978$1,618$1,314$1,061$853$754
20 years$1,859$1,503$1,206$961$762$669
21 years$1,752$1,400$1,110$872$682$594
22 years$1,655$1,307$1,023$793$611$528
23 years$1,566$1,223$944$722$548$470
24 years$1,485$1,145$873$659$493$419
25 years$1,410$1,075$809$602$444$374
26 years$1,342$1,010$750$550$400$334
27 years$1,278$951$697$504$360$298
28 years$1,219$896$648$461$325$267
29 years$1,164$845$603$423$293$239
30 years$1,113$798$561$388$265$214
31 years$1,066$755$523$357$240$192
32 years$1,021$714$488$328$217$172
33 years$980$676$456$301$196$154
34 years$940$641$426$277$178$138
35 years$904$608$398$255$161$124
36 years$869$577$373$235$146$111
37 years$836$548$349$217$132$100
38 years$805$521$327$200$120$90
39 years$776$495$306$184$109$81
40 years$748$471$287$170$99$73
41 years$721$448$269$157$89$65
42 years$696$427$252$145$81$59
43 years$673$407$237$133$74$53
44 years$650$388$222$123$67$47
45 years$628$370$209$114$61$43
46 years$608$353$196$105$55$38
47 years$588$337$184$97$50$34
48 years$569$321$173$90$45$31
49 years$551$307$163$83$41$28
50 years$534$293$153$77$37$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $547,000, adding $6,362 every year, while hoping to spend $20,993 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: 69/13/18 Blend
44$547,000$547,000$547,000$547,000
45$609,356$580,365$571,887$648,332
46$649,174$586,467$568,709$681,242
47$692,350$592,164$564,720$714,165
48$739,204$597,414$559,873$749,666
49$790,089$602,173$554,114$787,997
50$845,391$606,393$547,391$829,437
51$905,538$610,023$539,645$874,291
52$970,998$613,010$530,818$922,899
53$1,042,288$615,295$520,849$975,633
54$1,119,975$616,818$509,671$1,032,905
55$1,204,684$617,514$497,216$1,095,169
56$1,297,103$617,314$483,415$1,162,925
57$1,397,990$616,144$468,192$1,236,726
58$1,508,178$613,928$451,469$1,317,179
59$1,628,584$610,582$433,165$1,404,956
60$1,760,218$606,020$413,194$1,500,798
61$1,904,193$600,147$391,469$1,605,522
62$2,061,733$592,867$367,896$1,720,026
63$2,234,186$584,074$342,377$1,845,306
64$2,423,038$573,658$314,811$1,982,455
65$2,629,922$561,502$285,092$2,132,681
66$2,856,641$547,482$253,109$2,297,317
67$3,105,177$531,467$218,747$2,477,830
68$3,377,714$513,318$181,883$2,675,841
69$3,676,657$492,887$142,393$2,893,134
70$4,004,657$470,020$100,144$3,131,680
71$4,364,632$444,550$54,999$3,393,648
72$4,759,796$416,305$6,813$3,681,434
73$5,193,692$385,100$0$3,997,677
74$5,670,219$350,741$0$4,353,856
75$6,193,675$313,021$0$4,746,564
76$6,768,794$271,724$0$5,178,063
77$7,400,792$226,618$0$5,652,286
78$8,095,413$177,463$0$6,173,569
79$8,858,987$124,000$0$6,746,688
80$9,698,487$65,960$0$7,376,911
81$10,621,597$3,057$0$8,070,038
82$11,636,781$0$0$8,832,466
83$12,753,365$0$0$9,680,542
84$13,981,623$0$0$10,613,954
85$15,332,878$0$0$11,640,873
86$16,819,602$0$0$12,770,784
87$18,455,540$0$0$14,014,135
88$20,255,833$0$0$15,382,441
89$22,237,169$0$0$16,888,388
90$24,417,930$0$0$18,545,956
91$26,818,375$0$0$20,370,546
92$29,460,825$0$0$22,379,131
93$32,369,874$0$0$24,590,412
94$35,572,624$0$0$27,024,995
95$39,098,936$0$0$29,705,585
96$42,981,717$0$0$32,657,203
97$47,257,223$0$0$35,907,418
98$51,965,410$0$0$39,486,609
99$57,150,301$0$0$43,428,251
100$62,860,411$0$0$47,769,232