Can I retire at age 45 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$46,740$46,323$45,917$45,521$45,134$43,882
2 years$23,138$22,708$22,290$21,885$21,492$20,241
3 years$15,272$14,840$14,423$14,022$13,636$12,423
4 years$11,340$10,909$10,496$10,102$9,725$8,561
5 years$8,981$8,553$8,146$7,759$7,393$6,281
6 years$7,409$6,984$6,583$6,205$5,850$4,790
7 years$6,287$5,865$5,470$5,102$4,757$3,751
8 years$5,446$5,027$4,639$4,280$3,947$2,992
9 years$4,792$4,377$3,996$3,645$3,324$2,421
10 years$4,269$3,858$3,484$3,142$2,832$1,979
11 years$3,841$3,435$3,067$2,735$2,436$1,631
12 years$3,485$3,083$2,722$2,399$2,111$1,354
13 years$3,184$2,786$2,432$2,118$1,840$1,129
14 years$2,926$2,532$2,185$1,880$1,613$946
15 years$2,703$2,313$1,973$1,677$1,421$795
16 years$2,508$2,123$1,789$1,501$1,255$670
17 years$2,336$1,955$1,628$1,349$1,113$567
18 years$2,183$1,806$1,486$1,215$990$480
19 years$2,046$1,674$1,360$1,098$882$407
20 years$1,924$1,556$1,248$995$788$346
21 years$1,813$1,449$1,148$903$705$294
22 years$1,712$1,353$1,058$821$632$250
23 years$1,620$1,265$977$748$567$213
24 years$1,536$1,185$904$682$510$182
25 years$1,459$1,112$837$623$459$155
26 years$1,388$1,045$776$569$413$132
27 years$1,322$984$721$521$373$113
28 years$1,261$927$670$477$336$97
29 years$1,205$875$624$438$304$83
30 years$1,152$826$581$402$274$71
31 years$1,103$781$541$369$248$60
32 years$1,057$739$505$339$224$52
33 years$1,014$700$472$312$203$44
34 years$973$663$441$287$184$38
35 years$935$629$412$264$167$32
36 years$899$597$385$243$151$28
37 years$865$567$361$224$137$24
38 years$833$539$338$207$124$20
39 years$803$512$317$191$112$17
40 years$774$487$297$176$102$15
41 years$747$464$278$162$93$13
42 years$721$442$261$150$84$11
43 years$696$421$245$138$76$9
44 years$672$401$230$128$69$8
45 years$650$383$216$118$63$7
46 years$629$365$203$109$57$6
47 years$608$348$190$101$52$5
48 years$589$333$179$93$47$4
49 years$570$318$168$86$43$4
50 years$553$303$158$79$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $566,000, adding $2,044 every year, while hoping to spend $27,127 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: 73/7/20 Blend
44$566,000$566,000$566,000$566,000
45$625,840$595,842$587,069$668,385
46$660,813$596,176$577,873$697,263
47$698,444$595,616$567,460$725,419
48$738,975$594,092$555,760$755,574
49$782,674$591,525$542,701$787,921
50$829,831$587,834$528,206$822,675
51$880,770$582,934$512,196$860,071
52$935,842$576,732$494,589$900,369
53$995,437$569,130$475,297$943,858
54$1,059,980$560,027$454,228$990,853
55$1,129,942$549,312$431,289$1,041,704
56$1,205,839$536,870$406,379$1,096,799
57$1,288,236$522,579$379,395$1,156,563
58$1,377,760$506,309$350,228$1,221,465
59$1,475,096$487,922$318,765$1,292,026
60$1,580,999$467,274$284,887$1,368,818
61$1,696,301$444,211$248,471$1,452,472
62$1,821,916$418,570$209,387$1,543,685
63$1,958,851$390,179$167,501$1,643,227
64$2,108,212$358,856$122,671$1,751,946
65$2,271,220$324,410$74,750$1,870,779
66$2,449,215$286,637$23,585$2,000,758
67$2,643,675$245,322$0$2,143,023
68$2,856,227$200,239$0$2,305,451
69$3,088,659$151,149$0$2,488,609
70$3,342,945$97,797$0$2,689,027
71$3,621,253$39,918$0$2,908,432
72$3,925,976$0$0$3,148,724
73$4,259,743$0$0$3,413,754
74$4,625,454$0$0$3,707,543
75$5,026,301$0$0$4,029,585
76$5,465,800$0$0$4,382,707
77$5,947,822$0$0$4,770,023
78$6,476,632$0$0$5,194,965
79$7,056,928$0$0$5,661,311
80$7,693,885$0$0$6,173,222
81$8,393,201$0$0$6,735,284
82$9,161,155$0$0$7,352,546
83$10,004,664$0$0$8,030,572
84$10,931,347$0$0$8,775,491
85$11,949,597$0$0$9,594,054
86$13,068,660$0$0$10,493,701
87$14,298,725$0$0$11,482,624
88$15,651,014$0$0$12,569,852
89$17,137,891$0$0$13,765,331
90$18,772,980$0$0$15,080,020
91$20,571,289$0$0$16,525,992
92$22,549,355$0$0$18,116,549
93$24,725,397$0$0$19,866,347
94$27,119,489$0$0$21,791,535
95$29,753,751$0$0$23,909,905
96$32,652,551$0$0$26,241,061
97$35,842,742$0$0$28,806,605
98$39,353,911$0$0$31,630,335
99$43,218,659$0$0$34,738,478
100$47,472,906$0$0$38,159,930