Can I retire at age 45 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$38,812$38,466$38,129$37,800$37,478$36,048
2 years$19,214$18,856$18,509$18,173$17,847$16,423
3 years$12,682$12,323$11,977$11,644$11,323$9,950
4 years$9,417$9,058$8,716$8,389$8,076$6,764
5 years$7,458$7,102$6,764$6,443$6,139$4,892
6 years$6,153$5,799$5,466$5,153$4,857$3,676
7 years$5,221$4,870$4,543$4,236$3,950$2,834
8 years$4,522$4,175$3,852$3,554$3,277$2,226
9 years$3,979$3,635$3,318$3,027$2,760$1,771
10 years$3,545$3,204$2,893$2,609$2,352$1,423
11 years$3,190$2,852$2,547$2,271$2,022$1,153
12 years$2,894$2,560$2,260$1,992$1,753$940
13 years$2,644$2,314$2,019$1,759$1,528$770
14 years$2,430$2,103$1,814$1,561$1,340$633
15 years$2,244$1,921$1,638$1,392$1,180$522
16 years$2,082$1,763$1,485$1,247$1,043$431
17 years$1,939$1,623$1,351$1,120$924$357
18 years$1,813$1,500$1,234$1,009$822$297
19 years$1,699$1,390$1,129$912$733$247
20 years$1,597$1,292$1,037$826$654$205
21 years$1,505$1,203$953$750$586$171
22 years$1,422$1,123$879$682$525$142
23 years$1,346$1,050$811$621$471$119
24 years$1,276$984$750$566$423$99
25 years$1,212$924$695$517$381$83
26 years$1,153$868$645$473$343$69
27 years$1,098$817$599$433$309$58
28 years$1,048$770$556$396$279$48
29 years$1,001$726$518$364$252$40
30 years$957$686$482$334$228$34
31 years$916$648$450$306$206$28
32 years$878$613$420$282$186$24
33 years$842$581$392$259$169$20
34 years$808$551$366$238$153$16
35 years$776$522$342$219$138$14
36 years$746$496$320$202$125$12
37 years$718$471$300$186$114$10
38 years$692$447$281$172$103$8
39 years$666$425$263$158$93$7
40 years$643$405$246$146$85$6
41 years$620$385$231$135$77$5
42 years$598$367$217$124$70$4
43 years$578$350$203$115$63$3
44 years$558$333$191$106$57$3
45 years$540$318$179$98$52$2
46 years$522$303$168$90$47$2
47 years$505$289$158$83$43$2
48 years$489$276$149$77$39$1
49 years$474$264$140$71$35$1
50 years$459$252$131$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $470,000, adding $4,534 every year, while hoping to spend $23,487 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: 68/24/8 Blend
44$470,000$470,000$470,000$470,000
45$522,617$497,707$490,422$557,087
46$550,934$497,104$481,861$579,933
47$581,352$495,685$472,226$601,639
48$614,061$493,385$461,457$624,748
49$649,268$490,134$449,489$649,394
50$687,203$485,860$436,256$675,723
51$728,116$480,485$421,689$703,898
52$772,282$473,928$405,714$734,101
53$820,006$466,101$388,256$766,528
54$871,619$456,913$369,236$801,401
55$927,488$446,266$348,569$838,963
56$988,015$434,056$326,169$879,480
57$1,053,643$420,174$301,946$923,251
58$1,124,857$404,505$275,804$970,603
59$1,202,193$386,927$247,643$1,021,897
60$1,286,239$367,309$217,362$1,077,534
61$1,377,642$345,514$184,851$1,137,955
62$1,477,116$321,398$149,997$1,203,648
63$1,585,442$294,807$112,683$1,275,152
64$1,703,484$265,580$72,785$1,353,063
65$1,832,191$233,544$30,174$1,438,038
66$1,972,607$198,520$0$1,530,803
67$2,125,882$160,317$0$1,633,466
68$2,293,280$118,731$0$1,748,440
69$2,476,196$73,550$0$1,874,136
70$2,676,163$24,549$0$2,011,649
71$2,894,870$0$0$2,162,183
72$3,134,175$0$0$2,334,597
73$3,396,126$0$0$2,530,451
74$3,682,978$0$0$2,744,950
75$3,997,213$0$0$2,979,955
76$4,341,565$0$0$3,237,513
77$4,719,044$0$0$3,519,881
78$5,132,968$0$0$3,829,543
79$5,586,988$0$0$4,169,235
80$6,085,127$0$0$4,541,972
81$6,631,818$0$0$4,951,073
82$7,231,940$0$0$5,400,197
83$7,890,870$0$0$5,893,370
84$8,614,531$0$0$6,435,031
85$9,409,447$0$0$7,030,068
86$10,282,807$0$0$7,683,868
87$11,242,527$0$0$8,402,361
88$12,297,331$0$0$9,192,086
89$13,456,830$0$0$10,060,242
90$14,731,610$0$0$11,014,762
91$16,133,336$0$0$12,064,388
92$17,674,860$0$0$13,218,748
93$19,370,342$0$0$14,488,452
94$21,235,380$0$0$15,885,190
95$23,287,165$0$0$17,421,841
96$25,544,633$0$0$19,112,595
97$28,028,652$0$0$20,973,090
98$30,762,213$0$0$23,020,551
99$33,770,647$0$0$25,273,962
100$37,081,869$0$0$27,754,238