Can I retire at age 45 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$36,913$36,584$36,263$35,950$35,644$34,545
2 years$18,274$17,933$17,604$17,284$16,974$15,875
3 years$12,061$11,720$11,391$11,074$10,769$9,706
4 years$8,956$8,615$8,289$7,978$7,680$6,662
5 years$7,093$6,754$6,433$6,128$5,838$4,867
6 years$5,852$5,515$5,199$4,901$4,620$3,696
7 years$4,965$4,632$4,320$4,029$3,757$2,881
8 years$4,301$3,970$3,664$3,380$3,117$2,287
9 years$3,784$3,457$3,156$2,879$2,625$1,841
10 years$3,371$3,047$2,751$2,482$2,237$1,498
11 years$3,033$2,713$2,422$2,160$1,923$1,228
12 years$2,752$2,435$2,150$1,894$1,667$1,014
13 years$2,514$2,200$1,921$1,672$1,454$841
14 years$2,311$2,000$1,726$1,485$1,274$701
15 years$2,135$1,827$1,558$1,324$1,122$586
16 years$1,980$1,676$1,413$1,186$992$491
17 years$1,845$1,544$1,285$1,065$879$413
18 years$1,724$1,427$1,173$960$782$347
19 years$1,616$1,322$1,074$867$697$293
20 years$1,519$1,229$986$786$622$247
21 years$1,432$1,144$907$713$557$209
22 years$1,352$1,068$836$648$499$177
23 years$1,280$999$772$590$448$150
24 years$1,213$936$714$538$403$127
25 years$1,152$878$661$492$362$107
26 years$1,096$826$613$450$326$91
27 years$1,044$777$569$412$294$77
28 years$996$732$529$377$266$66
29 years$952$691$492$346$240$56
30 years$910$652$459$317$217$47
31 years$871$617$428$291$196$40
32 years$835$583$399$268$177$34
33 years$801$553$373$246$160$29
34 years$768$524$348$227$145$25
35 years$738$497$325$209$132$21
36 years$710$471$304$192$119$18
37 years$683$448$285$177$108$15
38 years$658$426$267$163$98$13
39 years$634$405$250$150$89$11
40 years$611$385$234$139$81$9
41 years$590$366$220$128$73$8
42 years$569$349$206$118$66$7
43 years$550$333$193$109$60$6
44 years$531$317$182$101$55$5
45 years$513$302$170$93$50$4
46 years$497$288$160$86$45$4
47 years$481$275$150$79$41$3
48 years$465$263$141$73$37$3
49 years$450$251$133$68$34$2
50 years$436$240$125$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $447,000, adding $2,602 every year, while hoping to spend $24,708 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: 65/11/24 Blend
44$447,000$447,000$447,000$447,000
45$495,278$471,587$464,658$524,224
46$519,507$468,406$453,935$540,862
47$545,380$464,240$442,025$556,026
48$573,037$459,017$428,861$572,037
49$602,634$452,656$414,376$588,981
50$634,342$445,075$398,496$606,952
51$668,346$436,184$381,147$626,055
52$704,851$425,892$362,249$646,405
53$744,082$414,097$341,721$668,134
54$786,287$400,695$319,477$691,383
55$831,734$385,576$295,426$716,311
56$880,723$368,621$269,474$743,095
57$933,579$349,706$241,524$771,931
58$990,662$328,699$211,473$803,034
59$1,052,366$305,462$179,213$836,646
60$1,119,124$279,846$144,634$873,030
61$1,191,413$251,697$107,618$912,483
62$1,269,757$220,850$68,043$955,331
63$1,354,732$187,132$25,782$1,001,934
64$1,446,971$150,358$0$1,052,692
65$1,547,172$110,335$0$1,112,994
66$1,656,100$66,858$0$1,185,752
67$1,774,599$19,711$0$1,264,933
68$1,903,597$0$0$1,351,176
69$2,044,114$0$0$1,448,978
70$2,197,273$0$0$1,558,207
71$2,364,312$0$0$1,677,362
72$2,546,591$0$0$1,807,418
73$2,745,607$0$0$1,949,448
74$2,963,010$0$0$2,104,631
75$3,200,615$0$0$2,274,267
76$3,460,419$0$0$2,459,787
77$3,744,624$0$0$2,662,768
78$4,055,652$0$0$2,884,943
79$4,396,171$0$0$3,128,222
80$4,769,118$0$0$3,394,711
81$5,177,729$0$0$3,686,724
82$5,625,566$0$0$4,006,814
83$6,116,553$0$0$4,357,791
84$6,655,012$0$0$4,742,749
85$7,245,703$0$0$5,165,097
86$7,893,869$0$0$5,628,591
87$8,605,284$0$0$6,137,365
88$9,386,310$0$0$6,695,976
89$10,243,954$0$0$7,309,443
90$11,185,936$0$0$7,983,293
91$12,220,759$0$0$8,723,617
92$13,357,789$0$0$9,537,123
93$14,607,349$0$0$10,431,204
94$15,980,805$0$0$11,414,002
95$17,490,685$0$0$12,494,488
96$19,150,787$0$0$13,682,545
97$20,976,316$0$0$14,989,064
98$22,984,021$0$0$16,426,040
99$25,192,358$0$0$18,006,693
100$27,621,660$0$0$19,745,587