Can I retire at age 45 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$45,418$45,014$44,619$44,234$43,858$43,581
2 years$22,484$22,066$21,660$21,266$20,885$20,606
3 years$14,841$14,420$14,015$13,626$13,250$12,978
4 years$11,020$10,600$10,200$9,816$9,450$9,186
5 years$8,728$8,311$7,915$7,540$7,184$6,929
6 years$7,200$6,786$6,397$6,030$5,684$5,439
7 years$6,109$5,699$5,316$4,957$4,623$4,387
8 years$5,292$4,885$4,508$4,159$3,835$3,608
9 years$4,656$4,254$3,883$3,542$3,230$3,013
10 years$4,148$3,749$3,385$3,053$2,752$2,544
11 years$3,732$3,338$2,980$2,657$2,367$2,168
12 years$3,386$2,996$2,645$2,331$2,051$1,862
13 years$3,094$2,707$2,363$2,058$1,788$1,608
14 years$2,843$2,461$2,123$1,827$1,568$1,396
15 years$2,626$2,248$1,917$1,629$1,380$1,217
16 years$2,437$2,063$1,738$1,459$1,220$1,065
17 years$2,270$1,900$1,582$1,311$1,082$934
18 years$2,121$1,755$1,444$1,181$962$822
19 years$1,989$1,627$1,322$1,067$857$725
20 years$1,869$1,512$1,213$967$766$641
21 years$1,762$1,408$1,116$877$685$567
22 years$1,664$1,314$1,028$798$614$503
23 years$1,575$1,229$949$726$551$446
24 years$1,493$1,152$878$663$496$397
25 years$1,418$1,081$813$605$446$353
26 years$1,349$1,016$754$553$402$314
27 years$1,285$956$700$506$362$280
28 years$1,226$901$651$464$327$250
29 years$1,171$850$606$425$295$223
30 years$1,120$803$564$390$267$199
31 years$1,072$759$526$359$241$178
32 years$1,027$718$491$330$218$159
33 years$985$680$458$303$197$142
34 years$946$644$428$279$179$127
35 years$908$611$400$257$162$114
36 years$874$580$375$236$147$102
37 years$841$551$351$218$133$91
38 years$809$524$328$201$120$81
39 years$780$498$308$185$109$73
40 years$752$474$288$171$99$65
41 years$725$451$270$158$90$58
42 years$700$429$254$145$82$52
43 years$676$409$238$134$74$47
44 years$653$390$223$124$67$42
45 years$632$372$210$114$61$38
46 years$611$355$197$106$55$34
47 years$591$339$185$98$50$30
48 years$572$323$174$90$46$27
49 years$554$309$163$83$41$24
50 years$537$295$154$77$38$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $550,000, adding $6,523 every year, while hoping to spend $31,180 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: 50/37/13 Blend
44$550,000$550,000$550,000$550,000
45$612,828$583,678$575,153$640,992
46$642,162$579,103$561,246$656,443
47$673,442$573,259$545,827$669,415
48$706,835$566,051$528,814$682,810
49$742,522$557,377$510,119$696,677
50$780,702$547,131$489,651$711,072
51$821,593$535,201$467,315$726,058
52$865,436$521,465$443,009$741,708
53$912,491$505,798$416,631$758,103
54$963,047$488,064$388,070$775,335
55$1,017,421$468,123$357,214$793,508
56$1,075,960$445,822$323,942$812,738
57$1,139,044$421,004$288,131$833,159
58$1,207,094$393,500$249,650$854,917
59$1,280,568$363,132$208,364$878,178
60$1,359,972$329,712$164,131$903,131
61$1,445,863$293,041$116,802$929,983
62$1,538,850$252,910$66,224$958,970
63$1,639,605$209,095$12,236$990,353
64$1,748,868$161,363$0$1,024,426
65$1,867,448$109,466$0$1,067,811
66$1,996,240$53,142$0$1,116,799
67$2,136,226$0$0$1,170,127
68$2,288,485$0$0$1,231,485
69$2,454,208$0$0$1,321,870
70$2,634,702$0$0$1,420,364
71$2,831,406$0$0$1,527,761
72$3,045,905$0$0$1,644,931
73$3,279,942$0$0$1,772,834
74$3,535,437$0$0$1,912,528
75$3,814,502$0$0$2,065,175
76$4,119,462$0$0$2,232,055
77$4,452,879$0$0$2,414,578
78$4,817,572$0$0$2,614,296
79$5,216,643$0$0$2,832,918
80$5,653,512$0$0$3,072,327
81$6,131,942$0$0$3,334,595
82$6,656,077$0$0$3,622,004
83$7,230,482$0$0$3,937,069
84$7,860,185$0$0$4,282,557
85$8,550,721$0$0$4,661,517
86$9,308,189$0$0$5,077,310
87$10,139,306$0$0$5,533,633
88$11,051,470$0$0$6,034,561
89$12,052,830$0$0$6,584,584
90$13,152,363$0$0$7,188,647
91$14,359,957$0$0$7,852,195
92$15,686,508$0$0$8,581,229
93$17,144,014$0$0$9,382,361
94$18,745,696$0$0$10,262,873
95$20,506,120$0$0$11,230,787
96$22,441,330$0$0$12,294,943
97$24,569,004$0$0$13,465,079
98$26,908,619$0$0$14,751,925
99$29,481,632$0$0$16,167,301
100$32,311,686$0$0$17,724,233