Can I retire at age 45 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$45,831$45,423$45,025$44,636$44,256$42,978
2 years$22,689$22,266$21,857$21,460$21,075$19,796
3 years$14,976$14,551$14,143$13,749$13,371$12,133
4 years$11,120$10,697$10,292$9,906$9,536$8,348
5 years$8,807$8,386$7,987$7,609$7,249$6,115
6 years$7,265$6,848$6,455$6,085$5,736$4,656
7 years$6,165$5,751$5,364$5,002$4,665$3,640
8 years$5,340$4,930$4,549$4,196$3,870$2,898
9 years$4,698$4,292$3,918$3,574$3,259$2,340
10 years$4,186$3,783$3,416$3,081$2,777$1,910
11 years$3,766$3,368$3,007$2,682$2,388$1,571
12 years$3,417$3,023$2,669$2,352$2,070$1,301
13 years$3,122$2,732$2,385$2,077$1,805$1,083
14 years$2,869$2,483$2,143$1,843$1,582$906
15 years$2,650$2,268$1,934$1,644$1,393$760
16 years$2,459$2,081$1,754$1,472$1,231$639
17 years$2,290$1,917$1,596$1,323$1,092$539
18 years$2,140$1,771$1,457$1,192$971$455
19 years$2,007$1,642$1,334$1,077$865$385
20 years$1,886$1,525$1,224$975$773$327
21 years$1,778$1,421$1,126$885$691$277
22 years$1,679$1,326$1,038$805$620$235
23 years$1,589$1,240$958$733$556$200
24 years$1,507$1,162$886$669$500$170
25 years$1,431$1,091$821$611$450$145
26 years$1,361$1,025$761$558$405$123
27 years$1,297$965$707$511$365$105
28 years$1,237$909$657$468$330$90
29 years$1,181$858$611$429$298$76
30 years$1,130$810$570$394$269$65
31 years$1,081$766$531$362$243$55
32 years$1,036$724$495$333$220$47
33 years$994$686$463$306$199$40
34 years$954$650$432$281$180$34
35 years$917$617$404$259$163$29
36 years$881$585$378$239$148$25
37 years$848$556$354$220$134$21
38 years$817$528$331$203$122$18
39 years$787$502$310$187$110$16
40 years$759$478$291$172$100$13
41 years$732$455$273$159$91$11
42 years$707$433$256$147$82$10
43 years$682$413$240$135$75$8
44 years$659$394$225$125$68$7
45 years$637$375$212$115$62$6
46 years$617$358$199$107$56$5
47 years$597$342$187$99$51$4
48 years$578$326$175$91$46$4
49 years$559$311$165$84$42$3
50 years$542$298$155$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $555,000, adding $2,383 every year, while hoping to spend $36,193 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: 42/35/23 Blend
44$555,000$555,000$555,000$555,000
45$614,068$584,653$576,051$635,634
46$638,194$574,792$556,839$641,387
47$663,568$563,235$535,771$643,962
48$690,278$549,860$512,746$646,025
49$718,423$534,539$487,659$647,551
50$748,106$517,136$460,400$648,511
51$779,445$497,507$430,855$648,878
52$812,563$475,500$398,904$648,628
53$847,598$450,953$364,421$647,733
54$884,700$423,696$327,276$646,171
55$924,031$393,550$287,331$643,916
56$965,770$360,322$244,445$640,950
57$1,010,113$323,812$198,468$637,252
58$1,057,273$283,807$149,245$632,806
59$1,107,483$240,081$96,613$627,600
60$1,160,999$192,398$40,402$621,624
61$1,218,101$140,506$0$614,873
62$1,279,096$84,139$0$612,155
63$1,344,319$23,018$0$619,564
64$1,414,141$0$0$627,236
65$1,488,964$0$0$651,863
66$1,569,233$0$0$687,840
67$1,655,433$0$0$726,525
68$1,748,099$0$0$768,165
69$1,847,818$0$0$813,030
70$1,955,232$0$0$861,416
71$2,071,049$0$0$913,649
72$2,196,045$0$0$970,087
73$2,331,074$0$0$1,031,124
74$2,477,073$0$0$1,097,193
75$2,635,074$0$0$1,168,769
76$2,806,208$0$0$1,246,376
77$2,991,723$0$0$1,330,587
78$3,192,988$0$0$1,422,036
79$3,411,509$0$0$1,521,419
80$3,648,943$0$0$1,629,500
81$3,907,114$0$0$1,747,121
82$4,188,027$0$0$1,875,209
83$4,493,888$0$0$2,014,784
84$4,827,125$0$0$2,166,967
85$5,190,410$0$0$2,332,992
86$5,586,685$0$0$2,514,220
87$6,019,185$0$0$2,712,145
88$6,491,474$0$0$2,928,416
89$7,007,475$0$0$3,164,844
90$7,571,504$0$0$3,423,427
91$8,188,316$0$0$3,706,362
92$8,863,145$0$0$4,016,069
93$9,601,754$0$0$4,355,213
94$10,410,491$0$0$4,726,730
95$11,296,344$0$0$5,133,850
96$12,267,009$0$0$5,580,135
97$13,330,963$0$0$6,069,503
98$14,497,541$0$0$6,606,273
99$15,777,025$0$0$7,195,201
100$17,180,739$0$0$7,841,524