Can I retire at age 45 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$45,253$44,850$44,457$44,073$43,698$42,921
2 years$22,403$21,985$21,581$21,189$20,809$20,029
3 years$14,787$14,368$13,964$13,576$13,202$12,443
4 years$10,980$10,562$10,162$9,781$9,416$8,684
5 years$8,696$8,281$7,887$7,513$7,158$6,455
6 years$7,174$6,762$6,373$6,008$5,664$4,991
7 years$6,087$5,678$5,296$4,939$4,606$3,963
8 years$5,272$4,867$4,492$4,144$3,821$3,208
9 years$4,639$4,238$3,869$3,529$3,218$2,634
10 years$4,133$3,736$3,373$3,042$2,742$2,187
11 years$3,719$3,326$2,969$2,648$2,358$1,832
12 years$3,374$2,985$2,635$2,322$2,043$1,545
13 years$3,083$2,697$2,354$2,050$1,782$1,311
14 years$2,833$2,452$2,115$1,820$1,562$1,117
15 years$2,617$2,240$1,910$1,623$1,375$955
16 years$2,428$2,055$1,732$1,453$1,216$820
17 years$2,261$1,893$1,576$1,306$1,078$705
18 years$2,113$1,749$1,438$1,177$958$608
19 years$1,981$1,621$1,317$1,063$854$526
20 years$1,862$1,506$1,209$963$763$455
21 years$1,755$1,403$1,112$874$683$395
22 years$1,658$1,310$1,025$795$612$342
23 years$1,569$1,225$946$724$549$298
24 years$1,488$1,148$875$660$494$259
25 years$1,413$1,077$810$603$444$225
26 years$1,344$1,012$752$551$400$196
27 years$1,280$953$698$505$361$171
28 years$1,221$898$649$462$326$149
29 years$1,167$847$604$424$294$130
30 years$1,115$800$562$389$266$113
31 years$1,068$756$524$357$240$99
32 years$1,023$715$489$328$217$86
33 years$981$677$457$302$197$75
34 years$942$642$427$278$178$66
35 years$905$609$399$256$161$58
36 years$870$578$373$236$146$50
37 years$837$549$349$217$132$44
38 years$806$522$327$200$120$38
39 years$777$496$306$184$109$34
40 years$749$472$287$170$99$29
41 years$723$449$269$157$90$26
42 years$698$428$253$145$81$22
43 years$674$408$237$134$74$20
44 years$651$389$223$123$67$17
45 years$629$371$209$114$61$15
46 years$609$354$196$105$55$13
47 years$589$337$184$97$50$11
48 years$570$322$173$90$46$10
49 years$552$308$163$83$41$9
50 years$535$294$153$77$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $548,000, adding $2,704 every year, while hoping to spend $43,194 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: 58/13/29 Blend
44$548,000$548,000$548,000$548,000
45$606,685$577,641$569,147$636,914
46$622,609$559,988$542,256$640,292
47$638,709$540,021$513,015$639,206
48$654,959$517,583$481,302$637,139
49$671,325$492,505$446,987$634,011
50$687,772$464,610$409,932$629,733
51$704,258$433,709$369,998$624,210
52$720,734$399,603$327,035$617,341
53$737,148$362,082$280,890$609,016
54$753,437$320,924$231,399$599,117
55$769,532$275,894$178,396$587,517
56$785,355$226,743$121,703$574,080
57$800,818$173,211$61,137$558,659
58$815,822$115,018$0$541,096
59$830,256$51,874$0$522,301
60$843,995$0$0$521,268
61$856,902$0$0$521,290
62$868,819$0$0$528,076
63$879,574$0$0$534,092
64$888,974$0$0$539,215
65$896,802$0$0$543,305
66$902,819$0$0$546,209
67$906,758$0$0$547,756
68$908,322$0$0$547,753
69$907,181$0$0$545,991
70$902,970$0$0$542,233
71$895,281$0$0$536,219
72$883,665$0$0$527,660
73$867,622$0$0$516,236
74$846,597$0$0$501,591
75$819,979$0$0$483,333
76$787,086$0$0$461,025
77$747,168$0$0$434,186
78$699,392$0$0$402,284
79$642,837$0$0$364,727
80$576,484$0$0$320,863
81$499,209$0$0$269,972
82$409,765$0$0$211,256
83$306,776$0$0$143,834
84$188,721$0$0$66,733
85$53,920$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0