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%16.9%
1 years$36,913$36,584$36,263$35,950$35,644$34,642
2 years$18,274$17,933$17,604$17,284$16,974$15,972
3 years$12,061$11,720$11,391$11,074$10,769$9,798
4 years$8,956$8,615$8,289$7,978$7,680$6,749
5 years$7,093$6,754$6,433$6,128$5,838$4,949
6 years$5,852$5,515$5,199$4,901$4,620$3,772
7 years$4,965$4,632$4,320$4,029$3,757$2,952
8 years$4,301$3,970$3,664$3,380$3,117$2,354
9 years$3,784$3,457$3,156$2,879$2,625$1,903
10 years$3,371$3,047$2,751$2,482$2,237$1,555
11 years$3,033$2,713$2,422$2,160$1,923$1,281
12 years$2,752$2,435$2,150$1,894$1,667$1,062
13 years$2,514$2,200$1,921$1,672$1,454$885
14 years$2,311$2,000$1,726$1,485$1,274$741
15 years$2,135$1,827$1,558$1,324$1,122$623
16 years$1,980$1,676$1,413$1,186$992$524
17 years$1,845$1,544$1,285$1,065$879$443
18 years$1,724$1,427$1,173$960$782$375
19 years$1,616$1,322$1,074$867$697$318
20 years$1,519$1,229$986$786$622$270
21 years$1,432$1,144$907$713$557$229
22 years$1,352$1,068$836$648$499$195
23 years$1,280$999$772$590$448$166
24 years$1,213$936$714$538$403$141
25 years$1,152$878$661$492$362$120
26 years$1,096$826$613$450$326$103
27 years$1,044$777$569$412$294$88
28 years$996$732$529$377$266$75
29 years$952$691$492$346$240$64
30 years$910$652$459$317$217$55
31 years$871$617$428$291$196$47
32 years$835$583$399$268$177$40
33 years$801$553$373$246$160$34
34 years$768$524$348$227$145$29
35 years$738$497$325$209$132$25
36 years$710$471$304$192$119$21
37 years$683$448$285$177$108$18
38 years$658$426$267$163$98$16
39 years$634$405$250$150$89$13
40 years$611$385$234$139$81$11
41 years$590$366$220$128$73$10
42 years$569$349$206$118$66$8
43 years$550$333$193$109$60$7
44 years$531$317$182$101$55$6
45 years$513$302$170$93$50$5
46 years$497$288$160$86$45$4
47 years$481$275$150$79$41$4
48 years$465$263$141$73$37$3
49 years$450$251$133$68$34$3
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 $2,277 every year, while hoping to spend $20,295 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: 51/41/8 Blend
44$447,000$447,000$447,000$447,000
45$494,943$471,252$464,323$519,063
46$523,833$472,749$458,284$537,235
47$554,990$473,640$451,363$554,608
48$588,624$473,873$443,508$573,014
49$624,964$473,393$434,666$592,555
50$664,265$472,144$424,782$613,344
51$706,804$470,063$413,796$635,506
52$752,887$467,086$401,648$659,180
53$802,853$463,144$388,274$684,522
54$857,069$458,163$373,606$711,701
55$915,944$452,067$357,576$740,907
56$979,924$444,773$340,109$772,352
57$1,049,503$436,193$321,130$806,267
58$1,125,223$426,237$300,558$842,911
59$1,207,679$414,806$278,310$882,571
60$1,297,527$401,797$254,298$925,564
61$1,395,490$387,100$228,433$972,240
62$1,502,363$370,600$200,617$1,022,989
63$1,619,018$352,174$170,753$1,078,241
64$1,746,421$331,693$138,735$1,138,474
65$1,885,629$309,020$104,457$1,204,216
66$2,037,811$284,009$67,804$1,276,049
67$2,204,251$256,509$28,658$1,354,622
68$2,386,362$226,356$0$1,440,648
69$2,585,704$193,379$0$1,536,040
70$2,803,990$157,399$0$1,643,235
71$3,043,109$118,224$0$1,760,765
72$3,305,141$75,652$0$1,889,711
73$3,592,378$29,471$0$2,031,270
74$3,907,341$0$0$2,186,762
75$4,252,809$0$0$2,366,915
76$4,631,843$0$0$2,579,208
77$5,047,814$0$0$2,812,236
78$5,504,434$0$0$3,068,087
79$6,005,795$0$0$3,349,058
80$6,556,402$0$0$3,657,681
81$7,161,218$0$0$3,996,745
82$7,825,712$0$0$4,369,321
83$8,555,906$0$0$4,778,795
84$9,358,437$0$0$5,228,895
85$10,240,617$0$0$5,723,730
86$11,210,498$0$0$6,267,824
87$12,276,955$0$0$6,866,164
88$13,449,765$0$0$7,524,244
89$14,739,700$0$0$8,248,117
90$16,158,627$0$0$9,044,452
91$17,719,621$0$0$9,920,596
92$19,437,091$0$0$10,884,646
93$21,326,910$0$0$11,945,521
94$23,406,568$0$0$13,113,051
95$25,695,338$0$0$14,398,065
96$28,214,452$0$0$15,812,496
97$30,987,310$0$0$17,369,493
98$34,039,691$0$0$19,083,543
99$37,400,002$0$0$20,970,611
100$41,099,546$0$0$23,048,286