Can I retire at age 45 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$46,575$46,160$45,755$45,360$44,974$43,517
2 years$23,057$22,627$22,211$21,808$21,416$19,962
3 years$15,218$14,787$14,372$13,972$13,587$12,181
4 years$11,300$10,870$10,459$10,066$9,691$8,344
5 years$8,950$8,522$8,117$7,732$7,367$6,083
6 years$7,383$6,959$6,560$6,183$5,829$4,609
7 years$6,265$5,844$5,451$5,084$4,741$3,584
8 years$5,426$5,010$4,623$4,265$3,933$2,839
9 years$4,775$4,362$3,982$3,632$3,312$2,280
10 years$4,253$3,845$3,471$3,131$2,822$1,850
11 years$3,827$3,423$3,056$2,725$2,427$1,513
12 years$3,473$3,072$2,712$2,390$2,103$1,246
13 years$3,173$2,776$2,423$2,110$1,834$1,031
14 years$2,916$2,524$2,177$1,873$1,608$856
15 years$2,693$2,305$1,966$1,671$1,416$714
16 years$2,499$2,115$1,782$1,496$1,251$597
17 years$2,327$1,948$1,622$1,344$1,109$500
18 years$2,175$1,800$1,480$1,211$986$419
19 years$2,039$1,668$1,355$1,094$879$353
20 years$1,917$1,550$1,244$991$785$297
21 years$1,806$1,444$1,144$900$703$250
22 years$1,706$1,348$1,054$818$630$211
23 years$1,615$1,261$974$745$565$178
24 years$1,531$1,181$900$679$508$150
25 years$1,454$1,108$834$620$457$127
26 years$1,383$1,042$773$567$412$107
27 years$1,318$980$718$519$371$91
28 years$1,257$924$668$476$335$77
29 years$1,201$871$621$436$303$65
30 years$1,148$823$579$400$273$55
31 years$1,099$778$540$368$247$47
32 years$1,053$736$503$338$224$39
33 years$1,010$697$470$311$202$33
34 years$970$661$439$286$183$28
35 years$932$627$411$263$166$24
36 years$896$595$384$242$150$20
37 years$862$565$360$223$136$17
38 years$830$537$337$206$124$15
39 years$800$511$315$190$112$12
40 years$771$486$296$175$102$10
41 years$744$462$277$162$92$9
42 years$718$440$260$149$84$8
43 years$693$420$244$138$76$6
44 years$670$400$229$127$69$5
45 years$648$381$215$117$63$5
46 years$627$364$202$108$57$4
47 years$606$347$190$100$52$3
48 years$587$331$178$93$47$3
49 years$568$317$168$86$43$2
50 years$551$302$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $564,000, adding $6,667 every year, while hoping to spend $36,751 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: 83/10/7 Blend
44$564,000$564,000$564,000$564,000
45$628,405$598,513$589,771$679,596
46$653,400$588,737$570,426$704,258
47$679,712$577,251$549,200$725,698
48$707,437$563,931$525,993$748,098
49$736,680$548,648$500,699$771,532
50$767,554$531,265$473,205$796,083
51$800,183$511,635$443,395$821,840
52$834,701$489,605$411,149$848,901
53$871,257$465,011$376,338$877,375
54$910,011$437,683$338,831$907,382
55$951,139$407,436$298,489$939,054
56$994,834$374,079$255,167$972,536
57$1,041,306$337,408$208,715$1,007,990
58$1,090,786$297,208$158,973$1,045,591
59$1,143,526$253,251$105,778$1,085,534
60$1,199,802$205,296$48,958$1,128,036
61$1,259,916$153,090$0$1,173,333
62$1,324,201$96,365$0$1,222,559
63$1,393,020$34,837$0$1,279,090
64$1,466,771$0$0$1,339,599
65$1,545,893$0$0$1,407,951
66$1,630,864$0$0$1,485,481
67$1,722,212$0$0$1,568,838
68$1,820,515$0$0$1,658,550
69$1,926,408$0$0$1,755,199
70$2,040,589$0$0$1,859,420
71$2,163,823$0$0$1,971,916
72$2,296,952$0$0$2,093,456
73$2,440,902$0$0$2,224,886
74$2,596,689$0$0$2,367,135
75$2,765,431$0$0$2,521,226
76$2,948,357$0$0$2,688,283
77$3,146,818$0$0$2,869,541
78$3,362,300$0$0$3,066,359
79$3,596,439$0$0$3,280,233
80$3,851,032$0$0$3,512,806
81$4,128,058$0$0$3,765,889
82$4,429,694$0$0$4,041,472
83$4,758,335$0$0$4,341,745
84$5,116,616$0$0$4,669,120
85$5,507,440$0$0$5,026,249
86$5,933,998$0$0$5,416,053
87$6,399,807$0$0$5,841,746
88$6,908,736$0$0$6,306,868
89$7,465,044$0$0$6,815,314
90$8,073,421$0$0$7,371,373
91$8,739,031$0$0$7,979,769
92$9,467,561$0$0$8,645,701
93$10,265,271$0$0$9,374,897
94$11,139,055$0$0$10,173,661
95$12,096,508$0$0$11,048,939
96$13,145,991$0$0$12,008,378
97$14,296,713$0$0$13,060,403
98$15,558,819$0$0$14,214,289
99$16,943,481$0$0$15,480,257
100$18,463,005$0$0$16,869,560