Can I retire at age 45 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$46,162$45,751$45,349$44,958$44,575$43,445
2 years$22,852$22,427$22,014$21,614$21,226$20,095
3 years$15,084$14,656$14,245$13,849$13,467$12,370
4 years$11,200$10,774$10,366$9,977$9,605$8,550
5 years$8,870$8,447$8,045$7,663$7,301$6,292
6 years$7,318$6,897$6,501$6,128$5,777$4,815
7 years$6,209$5,792$5,403$5,039$4,698$3,783
8 years$5,378$4,965$4,582$4,227$3,898$3,029
9 years$4,732$4,323$3,946$3,600$3,283$2,459
10 years$4,216$3,811$3,441$3,103$2,797$2,018
11 years$3,793$3,392$3,029$2,701$2,405$1,670
12 years$3,442$3,045$2,688$2,369$2,084$1,391
13 years$3,144$2,752$2,402$2,092$1,818$1,165
14 years$2,890$2,501$2,158$1,857$1,593$980
15 years$2,669$2,285$1,948$1,656$1,403$827
16 years$2,477$2,096$1,766$1,483$1,240$700
17 years$2,307$1,931$1,607$1,332$1,099$595
18 years$2,156$1,784$1,467$1,200$978$506
19 years$2,021$1,653$1,343$1,085$871$431
20 years$1,900$1,536$1,233$982$778$368
21 years$1,790$1,431$1,134$892$696$314
22 years$1,691$1,336$1,045$811$624$269
23 years$1,600$1,249$965$738$560$230
24 years$1,517$1,171$892$673$504$197
25 years$1,441$1,099$827$615$453$169
26 years$1,371$1,032$767$562$408$145
27 years$1,306$972$712$515$368$124
28 years$1,246$916$662$472$332$107
29 years$1,190$864$616$432$300$92
30 years$1,138$816$574$397$271$79
31 years$1,089$771$535$364$245$68
32 years$1,044$730$499$335$222$58
33 years$1,001$691$466$308$201$50
34 years$961$655$435$283$182$43
35 years$923$621$407$261$164$37
36 years$888$590$381$240$149$32
37 years$854$560$356$221$135$27
38 years$823$532$334$204$122$24
39 years$793$506$313$188$111$20
40 years$764$481$293$174$101$17
41 years$737$458$275$160$91$15
42 years$712$436$258$148$83$13
43 years$687$416$242$136$75$11
44 years$664$396$227$126$68$10
45 years$642$378$213$116$62$8
46 years$621$361$200$107$56$7
47 years$601$344$188$99$51$6
48 years$582$329$177$92$46$5
49 years$563$314$166$85$42$4
50 years$546$300$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $559,000, adding $2,144 every year, while hoping to spend $23,895 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: 63/8/29 Blend
44$559,000$559,000$559,000$559,000
45$618,230$588,603$579,938$652,251
46$655,865$592,020$573,942$679,022
47$696,538$594,804$566,944$705,459
48$740,534$596,898$558,886$733,828
49$788,165$598,243$549,705$764,325
50$839,776$598,775$539,338$797,162
51$895,744$598,426$527,717$832,577
52$956,486$597,125$514,772$870,831
53$1,022,460$594,796$500,428$912,214
54$1,094,167$591,357$484,609$957,046
55$1,172,162$586,724$467,233$1,005,678
56$1,257,054$580,804$448,217$1,058,501
57$1,349,512$573,503$427,471$1,115,946
58$1,450,275$564,717$404,904$1,178,488
59$1,560,154$554,339$380,419$1,246,654
60$1,680,042$542,254$353,916$1,321,023
61$1,810,922$528,341$325,288$1,402,236
62$1,953,877$512,470$294,426$1,491,002
63$2,110,098$494,506$261,214$1,588,101
64$2,280,896$474,306$225,533$1,694,395
65$2,467,716$451,715$187,257$1,810,839
66$2,672,149$426,575$146,256$1,938,482
67$2,895,944$398,713$102,391$2,078,485
68$3,141,030$367,950$55,521$2,232,129
69$3,409,531$334,095$5,497$2,400,827
70$3,703,784$296,946$0$2,586,140
71$4,026,365$256,292$0$2,804,607
72$4,380,111$211,907$0$3,046,088
73$4,768,144$163,553$0$3,311,028
74$5,193,908$110,979$0$3,601,796
75$5,661,190$53,921$0$3,921,000
76$6,174,167$0$0$4,271,514
77$6,737,436$0$0$4,657,202
78$7,356,065$0$0$5,086,051
79$8,035,633$0$0$5,557,187
80$8,782,288$0$0$6,074,879
81$9,602,803$0$0$6,643,827
82$10,504,640$0$0$7,269,211
83$11,496,018$0$0$7,956,737
84$12,585,993$0$0$8,712,692
85$13,784,544$0$0$9,544,002
86$15,102,662$0$0$10,458,298
87$16,552,459$0$0$11,463,988
88$18,147,279$0$0$12,570,334
89$19,901,825$0$0$13,787,544
90$21,832,296$0$0$15,126,864
91$23,956,539$0$0$16,600,683
92$26,294,222$0$0$18,222,654
93$28,867,014$0$0$20,007,820
94$31,698,789$0$0$21,972,757
95$34,815,858$0$0$24,135,728
96$38,247,206$0$0$26,516,856
97$42,024,776$0$0$29,138,318
98$46,183,763$0$0$32,024,546
99$50,762,950$0$0$35,202,463
100$55,805,070$0$0$38,701,738