Can I retire at age 45 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$46,409$45,996$45,593$45,199$44,815$44,145
2 years$22,975$22,547$22,132$21,730$21,340$20,667
3 years$15,164$14,735$14,321$13,923$13,539$12,883
4 years$11,260$10,832$10,422$10,031$9,656$9,023
5 years$8,918$8,492$8,088$7,704$7,341$6,732
6 years$7,357$6,934$6,536$6,161$5,808$5,224
7 years$6,243$5,824$5,432$5,066$4,724$4,165
8 years$5,407$4,992$4,607$4,249$3,919$3,385
9 years$4,758$4,346$3,968$3,620$3,300$2,792
10 years$4,238$3,831$3,459$3,120$2,812$2,328
11 years$3,814$3,411$3,045$2,715$2,418$1,958
12 years$3,460$3,061$2,703$2,382$2,096$1,659
13 years$3,161$2,766$2,415$2,103$1,827$1,414
14 years$2,905$2,515$2,170$1,867$1,602$1,210
15 years$2,684$2,297$1,959$1,665$1,410$1,040
16 years$2,490$2,108$1,776$1,491$1,247$897
17 years$2,319$1,941$1,616$1,339$1,105$776
18 years$2,167$1,794$1,475$1,207$983$673
19 years$2,032$1,662$1,350$1,091$876$584
20 years$1,910$1,545$1,239$988$782$508
21 years$1,800$1,439$1,140$896$700$443
22 years$1,700$1,343$1,051$815$628$387
23 years$1,609$1,256$970$742$563$338
24 years$1,526$1,177$897$677$506$295
25 years$1,449$1,104$831$618$456$258
26 years$1,378$1,038$771$565$410$226
27 years$1,313$977$716$517$370$198
28 years$1,253$921$665$474$334$174
29 years$1,196$868$619$435$302$153
30 years$1,144$820$577$399$272$134
31 years$1,095$775$538$366$246$118
32 years$1,049$734$502$337$223$103
33 years$1,006$695$468$310$202$91
34 years$966$658$438$285$183$80
35 years$928$625$409$262$165$70
36 years$893$593$383$242$150$62
37 years$859$563$358$223$136$54
38 years$827$535$335$205$123$48
39 years$797$509$314$189$112$42
40 years$768$484$295$174$101$37
41 years$741$461$276$161$92$32
42 years$716$439$259$149$83$28
43 years$691$418$243$137$76$25
44 years$668$399$228$127$69$22
45 years$646$380$214$117$62$19
46 years$624$363$201$108$57$17
47 years$604$346$189$100$51$15
48 years$585$330$178$92$47$13
49 years$566$315$167$85$42$12
50 years$549$301$157$79$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $562,000, adding $2,722 every year, while hoping to spend $34,845 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: 82/8/10 Blend
44$562,000$562,000$562,000$562,000
45$622,132$592,346$583,635$671,956
46$648,514$584,296$566,112$696,936
47$676,420$574,684$546,834$719,460
48$705,968$563,396$525,705$743,139
49$737,287$550,312$502,627$768,069
50$770,518$535,306$477,493$794,358
51$805,817$518,242$450,195$822,123
52$843,353$498,979$420,619$851,493
53$883,311$477,364$388,646$882,610
54$925,893$453,240$354,150$915,631
55$971,323$426,437$317,002$950,730
56$1,019,842$396,776$277,066$988,098
57$1,071,717$364,070$234,199$1,027,945
58$1,127,241$328,119$188,254$1,070,502
59$1,186,734$288,711$139,075$1,116,027
60$1,250,548$245,625$86,501$1,164,801
61$1,319,068$198,624$30,363$1,217,136
62$1,392,717$147,461$0$1,273,375
63$1,471,960$91,873$0$1,337,051
64$1,557,308$31,582$0$1,409,090
65$1,649,320$0$0$1,486,731
66$1,748,612$0$0$1,573,472
67$1,855,860$0$0$1,670,177
68$1,971,807$0$0$1,774,736
69$2,097,270$0$0$1,887,887
70$2,233,148$0$0$2,010,441
71$2,380,426$0$0$2,143,291
72$2,540,191$0$0$2,287,417
73$2,713,637$0$0$2,443,897
74$2,902,076$0$0$2,613,918
75$3,106,952$0$0$2,798,784
76$3,329,855$0$0$2,999,932
77$3,572,533$0$0$3,218,940
78$3,836,910$0$0$3,457,547
79$4,125,102$0$0$3,717,665
80$4,439,440$0$0$4,001,401
81$4,782,488$0$0$4,311,070
82$5,157,069$0$0$4,649,223
83$5,566,291$0$0$5,018,669
84$6,013,574$0$0$5,422,497
85$6,502,685$0$0$5,864,112
86$7,037,771$0$0$6,347,259
87$7,623,397$0$0$6,876,066
88$8,264,593$0$0$7,455,074
89$8,966,893$0$0$8,089,287
90$9,736,397$0$0$8,784,214
91$10,579,819$0$0$9,545,924
92$11,504,555$0$0$10,381,098
93$12,518,750$0$0$11,297,096
94$13,631,376$0$0$12,302,026
95$14,852,315$0$0$13,404,816
96$16,192,451$0$0$14,615,303
97$17,663,775$0$0$15,944,320
98$19,279,495$0$0$17,403,801
99$21,054,159$0$0$19,006,895
100$23,003,797$0$0$20,768,082