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%17.9%
1 years$38,895$38,548$38,210$37,880$37,558$36,356
2 years$19,255$18,896$18,549$18,212$17,885$16,685
3 years$12,709$12,349$12,002$11,668$11,347$10,186
4 years$9,437$9,078$8,735$8,406$8,093$6,981
5 years$7,474$7,117$6,778$6,457$6,152$5,092
6 years$6,166$5,812$5,478$5,164$4,868$3,860
7 years$5,232$4,881$4,552$4,245$3,959$3,004
8 years$4,532$4,184$3,861$3,561$3,284$2,381
9 years$3,987$3,643$3,325$3,033$2,766$1,913
10 years$3,552$3,211$2,899$2,615$2,357$1,553
11 years$3,196$2,858$2,552$2,276$2,027$1,271
12 years$2,900$2,565$2,265$1,996$1,756$1,047
13 years$2,649$2,318$2,024$1,762$1,532$867
14 years$2,435$2,107$1,818$1,564$1,343$721
15 years$2,249$1,925$1,642$1,395$1,182$601
16 years$2,087$1,766$1,488$1,249$1,045$503
17 years$1,944$1,627$1,354$1,122$926$422
18 years$1,816$1,503$1,236$1,011$824$354
19 years$1,703$1,393$1,132$914$734$298
20 years$1,601$1,295$1,039$828$656$251
21 years$1,509$1,206$955$751$587$212
22 years$1,425$1,126$881$683$526$179
23 years$1,348$1,053$813$622$472$151
24 years$1,279$986$752$567$424$128
25 years$1,214$926$696$518$382$108
26 years$1,155$870$646$474$344$91
27 years$1,100$819$600$434$310$77
28 years$1,050$771$558$397$280$65
29 years$1,003$728$519$364$253$55
30 years$959$687$483$334$228$47
31 years$918$650$451$307$206$40
32 years$879$615$420$282$187$34
33 years$843$582$393$260$169$29
34 years$810$552$367$239$153$24
35 years$778$523$343$220$139$21
36 years$748$497$321$202$126$17
37 years$720$472$300$187$114$15
38 years$693$448$281$172$103$12
39 years$668$426$263$159$94$11
40 years$644$406$247$146$85$9
41 years$621$386$232$135$77$8
42 years$600$368$217$125$70$6
43 years$579$350$204$115$63$5
44 years$560$334$191$106$58$5
45 years$541$319$180$98$52$4
46 years$523$304$169$91$47$3
47 years$506$290$158$84$43$3
48 years$490$277$149$77$39$2
49 years$475$264$140$71$36$2
50 years$460$252$132$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $471,000, adding $5,488 every year, while hoping to spend $46,381 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: 39/38/23 Blend
44$471,000$471,000$471,000$471,000
45$524,703$499,740$492,439$541,394
46$528,874$474,878$459,587$529,104
47$531,915$447,244$424,080$511,058
48$533,663$416,652$385,779$490,616
49$533,936$382,907$344,542$467,589
50$532,531$345,802$300,217$441,771
51$529,222$305,119$252,648$412,941
52$523,761$260,628$201,669$380,861
53$515,870$212,084$147,111$345,274
54$505,242$159,231$88,793$305,903
55$491,539$101,795$26,529$262,450
56$474,383$39,490$0$214,592
57$453,357$0$0$171,776
58$428,000$0$0$143,118
59$397,801$0$0$128,854
60$362,196$0$0$112,224
61$320,559$0$0$92,961
62$272,200$0$0$70,766
63$216,354$0$0$45,309
64$152,179$0$0$16,226
65$78,742$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0