Can I retire at age 45 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$39,473$39,121$38,778$38,443$38,116$36,633
2 years$19,541$19,177$18,824$18,482$18,151$16,674
3 years$12,898$12,532$12,181$11,842$11,516$10,092
4 years$9,577$9,213$8,864$8,531$8,213$6,854
5 years$7,585$7,223$6,879$6,553$6,243$4,952
6 years$6,257$5,898$5,559$5,240$4,940$3,717
7 years$5,310$4,953$4,620$4,308$4,018$2,863
8 years$4,599$4,246$3,918$3,614$3,333$2,245
9 years$4,047$3,697$3,375$3,079$2,807$1,784
10 years$3,605$3,258$2,942$2,654$2,392$1,432
11 years$3,244$2,901$2,590$2,310$2,057$1,159
12 years$2,943$2,604$2,299$2,026$1,782$943
13 years$2,689$2,353$2,054$1,788$1,554$771
14 years$2,471$2,139$1,845$1,588$1,363$633
15 years$2,283$1,954$1,666$1,416$1,200$521
16 years$2,118$1,793$1,510$1,268$1,060$431
17 years$1,972$1,651$1,374$1,139$940$356
18 years$1,843$1,525$1,255$1,027$836$295
19 years$1,728$1,414$1,149$928$745$245
20 years$1,625$1,314$1,054$840$665$203
21 years$1,531$1,224$970$762$596$169
22 years$1,446$1,142$894$693$534$141
23 years$1,368$1,068$825$631$479$117
24 years$1,298$1,001$763$576$431$98
25 years$1,232$939$707$526$388$81
26 years$1,172$883$656$481$349$68
27 years$1,117$831$609$440$315$57
28 years$1,065$783$566$403$284$47
29 years$1,018$739$527$370$256$39
30 years$973$698$491$339$232$33
31 years$931$659$457$312$209$27
32 years$893$624$427$286$190$23
33 years$856$591$398$263$172$19
34 years$822$560$372$242$155$16
35 years$790$531$348$223$141$13
36 years$759$504$326$205$127$11
37 years$731$479$305$189$115$9
38 years$703$455$285$174$105$8
39 years$678$433$267$161$95$7
40 years$654$412$251$148$86$5
41 years$630$392$235$137$78$5
42 years$609$373$220$126$71$4
43 years$588$356$207$117$64$3
44 years$568$339$194$108$58$3
45 years$549$323$182$99$53$2
46 years$531$308$171$92$48$2
47 years$514$294$161$85$44$2
48 years$497$281$151$78$40$1
49 years$482$268$142$72$36$1
50 years$467$256$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $478,000, adding $4,068 every year, while hoping to spend $30,366 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: 62/10/28 Blend
44$478,000$478,000$478,000$478,000
45$530,952$505,618$498,209$559,654
46$552,800$498,084$482,590$572,101
47$575,859$489,163$465,430$582,033
48$600,220$478,756$446,645$592,231
49$625,982$466,755$426,148$602,726
50$653,256$453,050$403,847$613,556
51$682,159$437,520$379,648$624,762
52$712,823$420,042$353,449$636,389
53$745,387$400,481$325,146$648,491
54$780,009$378,697$294,631$661,129
55$816,858$354,541$261,789$674,369
56$856,120$327,856$226,502$688,288
57$898,000$298,476$188,644$702,972
58$942,719$266,224$148,087$718,518
59$990,523$230,916$104,695$735,033
60$1,041,680$192,354$58,326$752,640
61$1,096,484$150,332$8,832$771,475
62$1,155,257$104,630$0$791,692
63$1,218,353$55,018$0$826,602
64$1,286,161$1,249$0$866,925
65$1,359,107$0$0$910,285
66$1,437,659$0$0$963,236
67$1,522,330$0$0$1,020,487
68$1,613,686$0$0$1,082,287
69$1,712,346$0$0$1,149,058
70$1,818,993$0$0$1,221,265
71$1,934,376$0$0$1,299,421
72$2,059,318$0$0$1,384,086
73$2,194,724$0$0$1,475,879
74$2,341,591$0$0$1,575,479
75$2,501,012$0$0$1,683,634
76$2,674,193$0$0$1,801,166
77$2,862,458$0$0$1,928,978
78$3,067,263$0$0$2,068,067
79$3,290,214$0$0$2,219,526
80$3,533,073$0$0$2,384,559
81$3,797,782$0$0$2,564,494
82$4,086,478$0$0$2,760,788
83$4,401,513$0$0$2,975,048
84$4,745,475$0$0$3,209,041
85$5,121,214$0$0$3,464,714
86$5,531,867$0$0$3,744,207
87$5,980,888$0$0$4,049,882
88$6,472,079$0$0$4,384,333
89$7,009,628$0$0$4,750,422
90$7,598,144$0$0$5,151,297
91$8,242,706$0$0$5,590,425
92$8,948,903$0$0$6,071,626
93$9,722,894$0$0$6,599,105
94$10,571,460$0$0$7,177,494
95$11,502,070$0$0$7,811,896
96$12,522,951$0$0$8,507,929
97$13,643,163$0$0$9,271,782
98$14,872,687$0$0$10,110,274
99$16,222,516$0$0$11,030,915
100$17,704,762$0$0$12,041,976