Can I retire at age 45 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$37,408$37,075$36,750$36,433$36,123$35,686
2 years$18,519$18,174$17,840$17,516$17,201$16,762
3 years$12,223$11,877$11,544$11,222$10,913$10,485
4 years$9,076$8,731$8,401$8,085$7,783$7,369
5 years$7,188$6,845$6,519$6,210$5,917$5,518
6 years$5,930$5,590$5,269$4,966$4,682$4,299
7 years$5,032$4,694$4,378$4,083$3,808$3,440
8 years$4,358$4,024$3,713$3,425$3,159$2,808
9 years$3,835$3,503$3,198$2,918$2,660$2,325
10 years$3,416$3,088$2,788$2,515$2,267$1,947
11 years$3,074$2,749$2,455$2,189$1,949$1,645
12 years$2,789$2,467$2,178$1,920$1,689$1,400
13 years$2,548$2,230$1,946$1,695$1,473$1,198
14 years$2,342$2,027$1,749$1,505$1,291$1,031
15 years$2,163$1,852$1,579$1,342$1,137$890
16 years$2,007$1,699$1,431$1,201$1,005$771
17 years$1,869$1,565$1,303$1,079$891$670
18 years$1,747$1,446$1,189$973$792$584
19 years$1,638$1,340$1,089$879$706$510
20 years$1,540$1,245$999$796$631$446
21 years$1,451$1,160$919$723$564$391
22 years$1,370$1,083$847$657$506$343
23 years$1,297$1,012$782$598$454$301
24 years$1,230$949$723$546$408$265
25 years$1,168$890$670$498$367$233
26 years$1,111$837$621$456$331$205
27 years$1,058$787$577$417$298$181
28 years$1,010$742$536$382$269$159
29 years$964$700$499$350$243$141
30 years$922$661$465$322$220$124
31 years$883$625$433$295$199$110
32 years$846$591$404$271$180$97
33 years$811$560$378$250$163$86
34 years$779$531$353$230$147$76
35 years$748$503$330$211$133$67
36 years$719$478$309$195$121$59
37 years$692$454$289$179$109$52
38 years$667$431$270$165$99$46
39 years$642$410$253$152$90$41
40 years$619$390$237$141$82$36
41 years$597$371$223$130$74$32
42 years$577$354$209$120$67$28
43 years$557$337$196$111$61$25
44 years$538$321$184$102$55$22
45 years$520$306$173$94$50$20
46 years$503$292$162$87$46$17
47 years$487$279$152$80$41$15
48 years$471$266$143$74$38$14
49 years$457$254$135$69$34$12
50 years$442$243$127$63$31$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $453,000, adding $6,187 every year, while hoping to spend $31,773 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: 44/43/13 Blend
44$453,000$453,000$453,000$453,000
45$505,588$481,579$474,557$525,686
46$523,352$471,370$456,649$530,113
47$541,862$459,596$437,075$531,223
48$561,163$446,147$415,748$531,727
49$581,299$430,905$392,573$531,581
50$602,320$413,748$367,453$530,742
51$624,280$394,545$340,286$529,163
52$647,236$373,157$310,965$526,794
53$671,251$349,439$279,379$523,586
54$696,392$323,235$245,412$519,487
55$722,733$294,383$208,942$514,441
56$750,353$262,709$169,843$508,392
57$779,338$228,031$127,982$501,282
58$809,782$190,156$83,221$493,050
59$841,786$148,879$35,415$483,636
60$875,461$103,987$0$472,974
61$910,927$55,251$0$463,164
62$948,314$2,431$0$457,359
63$987,766$0$0$450,594
64$1,029,438$0$0$468,720
65$1,073,499$0$0$489,126
66$1,120,135$0$0$510,750
67$1,169,548$0$0$533,689
68$1,221,958$0$0$558,050
69$1,277,607$0$0$583,948
70$1,336,760$0$0$611,510
71$1,399,704$0$0$640,876
72$1,466,756$0$0$672,197
73$1,538,262$0$0$705,640
74$1,614,602$0$0$741,389
75$1,696,191$0$0$779,642
76$1,783,484$0$0$820,621
77$1,876,981$0$0$864,564
78$1,977,230$0$0$911,738
79$2,084,830$0$0$962,432
80$2,200,443$0$0$1,016,964
81$2,324,792$0$0$1,075,683
82$2,458,671$0$0$1,138,974
83$2,602,953$0$0$1,207,258
84$2,758,597$0$0$1,280,999
85$2,926,657$0$0$1,360,705
86$3,108,289$0$0$1,446,936
87$3,304,765$0$0$1,540,307
88$3,517,485$0$0$1,641,494
89$3,747,984$0$0$1,751,240
90$3,997,953$0$0$1,870,364
91$4,269,250$0$0$1,999,764
92$4,563,921$0$0$2,140,429
93$4,884,213$0$0$2,293,447
94$5,232,599$0$0$2,460,016
95$5,611,803$0$0$2,641,454
96$6,024,818$0$0$2,839,209
97$6,474,940$0$0$3,054,878
98$6,965,795$0$0$3,290,216
99$7,501,375$0$0$3,547,157
100$8,086,075$0$0$3,827,827