Can I retire at age 45 with 471,000?

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 $471,000?

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$38,895$38,548$38,210$37,880$37,558$37,104
2 years$19,255$18,896$18,549$18,212$17,885$17,428
3 years$12,709$12,349$12,002$11,668$11,347$10,901
4 years$9,437$9,078$8,735$8,406$8,093$7,662
5 years$7,474$7,117$6,778$6,457$6,152$5,737
6 years$6,166$5,812$5,478$5,164$4,868$4,469
7 years$5,232$4,881$4,552$4,245$3,959$3,577
8 years$4,532$4,184$3,861$3,561$3,284$2,919
9 years$3,987$3,643$3,325$3,033$2,766$2,417
10 years$3,552$3,211$2,899$2,615$2,357$2,024
11 years$3,196$2,858$2,552$2,276$2,027$1,710
12 years$2,900$2,565$2,265$1,996$1,756$1,455
13 years$2,649$2,318$2,024$1,762$1,532$1,246
14 years$2,435$2,107$1,818$1,564$1,343$1,072
15 years$2,249$1,925$1,642$1,395$1,182$925
16 years$2,087$1,766$1,488$1,249$1,045$802
17 years$1,944$1,627$1,354$1,122$926$697
18 years$1,816$1,503$1,236$1,011$824$607
19 years$1,703$1,393$1,132$914$734$530
20 years$1,601$1,295$1,039$828$656$464
21 years$1,509$1,206$955$751$587$406
22 years$1,425$1,126$881$683$526$356
23 years$1,348$1,053$813$622$472$313
24 years$1,279$986$752$567$424$275
25 years$1,214$926$696$518$382$242
26 years$1,155$870$646$474$344$213
27 years$1,100$819$600$434$310$188
28 years$1,050$771$558$397$280$166
29 years$1,003$728$519$364$253$146
30 years$959$687$483$334$228$129
31 years$918$650$451$307$206$114
32 years$879$615$420$282$187$101
33 years$843$582$393$260$169$89
34 years$810$552$367$239$153$79
35 years$778$523$343$220$139$70
36 years$748$497$321$202$126$61
37 years$720$472$300$187$114$54
38 years$693$448$281$172$103$48
39 years$668$426$263$159$94$43
40 years$644$406$247$146$85$38
41 years$621$386$232$135$77$33
42 years$600$368$217$125$70$29
43 years$579$350$204$115$63$26
44 years$560$334$191$106$58$23
45 years$541$319$180$98$52$20
46 years$523$304$169$91$47$18
47 years$506$290$158$84$43$16
48 years$490$277$149$77$39$14
49 years$475$264$140$71$36$13
50 years$460$252$132$66$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $471,000, adding $6,643 every year, while hoping to spend $34,341 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: 83/6/11 Blend
44$471,000$471,000$471,000$471,000
45$525,894$500,931$493,631$568,036
46$542,997$488,938$473,629$584,611
47$560,693$475,207$451,806$597,557
48$579,007$459,615$428,065$610,736
49$597,964$442,035$402,303$624,152
50$617,592$422,330$374,416$637,810
51$637,919$400,357$344,291$651,713
52$658,975$375,963$311,814$665,868
53$680,793$348,987$276,861$680,278
54$703,406$319,259$239,308$694,952
55$726,850$286,600$199,022$709,894
56$751,164$250,819$155,865$725,114
57$776,389$211,715$109,692$740,619
58$802,568$169,076$60,354$756,419
59$829,747$122,678$7,693$772,524
60$857,975$72,284$0$788,946
61$887,307$17,643$0$811,391
62$917,797$0$0$835,515
63$949,507$0$0$863,193
64$982,501$0$0$893,205
65$1,016,849$0$0$924,450
66$1,052,626$0$0$956,997
67$1,089,913$0$0$990,919
68$1,128,794$0$0$1,026,294
69$1,169,365$0$0$1,063,208
70$1,211,725$0$0$1,101,752
71$1,255,982$0$0$1,142,026
72$1,302,255$0$0$1,184,137
73$1,350,670$0$0$1,228,200
74$1,401,364$0$0$1,274,341
75$1,454,486$0$0$1,322,695
76$1,510,197$0$0$1,373,411
77$1,568,673$0$0$1,426,647
78$1,630,102$0$0$1,482,577
79$1,694,693$0$0$1,541,390
80$1,762,668$0$0$1,603,291
81$1,834,273$0$0$1,668,504
82$1,909,775$0$0$1,737,271
83$1,989,462$0$0$1,809,858
84$2,073,651$0$0$1,886,553
85$2,162,687$0$0$1,967,671
86$2,256,947$0$0$2,053,558
87$2,356,842$0$0$2,144,588
88$2,462,821$0$0$2,241,173
89$2,575,376$0$0$2,343,761
90$2,695,044$0$0$2,452,844
91$2,822,414$0$0$2,568,959
92$2,958,127$0$0$2,692,694
93$3,102,890$0$0$2,824,694
94$3,257,475$0$0$2,965,665
95$3,422,727$0$0$3,116,379
96$3,599,574$0$0$3,277,684
97$3,789,032$0$0$3,450,511
98$3,992,218$0$0$3,635,880
99$4,210,355$0$0$3,834,908
100$4,444,787$0$0$4,048,825