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%14.7%
1 years$39,473$39,121$38,778$38,443$38,116$37,377
2 years$19,541$19,177$18,824$18,482$18,151$17,409
3 years$12,898$12,532$12,181$11,842$11,516$10,795
4 years$9,577$9,213$8,864$8,531$8,213$7,518
5 years$7,585$7,223$6,879$6,553$6,243$5,577
6 years$6,257$5,898$5,559$5,240$4,940$4,302
7 years$5,310$4,953$4,620$4,308$4,018$3,409
8 years$4,599$4,246$3,918$3,614$3,333$2,753
9 years$4,047$3,697$3,375$3,079$2,807$2,255
10 years$3,605$3,258$2,942$2,654$2,392$1,868
11 years$3,244$2,901$2,590$2,310$2,057$1,561
12 years$2,943$2,604$2,299$2,026$1,782$1,313
13 years$2,689$2,353$2,054$1,788$1,554$1,111
14 years$2,471$2,139$1,845$1,588$1,363$944
15 years$2,283$1,954$1,666$1,416$1,200$805
16 years$2,118$1,793$1,510$1,268$1,060$689
17 years$1,972$1,651$1,374$1,139$940$591
18 years$1,843$1,525$1,255$1,027$836$508
19 years$1,728$1,414$1,149$928$745$438
20 years$1,625$1,314$1,054$840$665$378
21 years$1,531$1,224$970$762$596$327
22 years$1,446$1,142$894$693$534$283
23 years$1,368$1,068$825$631$479$245
24 years$1,298$1,001$763$576$431$212
25 years$1,232$939$707$526$388$184
26 years$1,172$883$656$481$349$160
27 years$1,117$831$609$440$315$139
28 years$1,065$783$566$403$284$121
29 years$1,018$739$527$370$256$105
30 years$973$698$491$339$232$91
31 years$931$659$457$312$209$79
32 years$893$624$427$286$190$69
33 years$856$591$398$263$172$60
34 years$822$560$372$242$155$52
35 years$790$531$348$223$141$46
36 years$759$504$326$205$127$40
37 years$731$479$305$189$115$35
38 years$703$455$285$174$105$30
39 years$678$433$267$161$95$26
40 years$654$412$251$148$86$23
41 years$630$392$235$137$78$20
42 years$609$373$220$126$71$17
43 years$588$356$207$117$64$15
44 years$568$339$194$108$58$13
45 years$549$323$182$99$53$11
46 years$531$308$171$92$48$10
47 years$514$294$161$85$44$9
48 years$497$281$151$78$40$8
49 years$482$268$142$72$36$7
50 years$467$256$134$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $478,000, adding $6,774 every year, while hoping to spend $30,215 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: 58/22/20 Blend
44$478,000$478,000$478,000$478,000
45$533,743$508,409$501,000$561,499
46$556,037$501,173$485,635$573,902
47$579,591$492,569$468,743$583,557
48$604,504$482,499$450,240$593,412
49$630,880$470,858$430,040$603,491
50$658,835$457,536$408,051$613,825
51$688,495$442,414$384,180$624,446
52$719,998$425,369$358,326$635,394
53$753,494$406,268$330,387$646,714
54$789,149$384,974$300,253$658,457
55$827,142$361,338$267,812$670,680
56$867,673$335,205$232,946$683,450
57$910,956$306,411$195,530$696,842
58$957,230$274,782$155,437$710,941
59$1,006,755$240,133$112,531$725,843
60$1,059,815$202,271$66,672$741,656
61$1,116,725$160,991$17,714$758,504
62$1,177,826$116,075$0$776,524
63$1,243,497$67,295$0$803,240
64$1,314,151$14,409$0$835,971
65$1,390,241$0$0$871,163
66$1,472,267$0$0$919,444
67$1,560,776$0$0$975,336
68$1,656,372$0$0$1,035,736
69$1,759,714$0$0$1,101,065
70$1,871,531$0$0$1,171,788
71$1,992,621$0$0$1,248,415
72$2,123,864$0$0$1,331,507
73$2,266,225$0$0$1,421,680
74$2,420,767$0$0$1,519,613
75$2,588,660$0$0$1,626,052
76$2,771,188$0$0$1,741,819
77$2,969,766$0$0$1,867,815
78$3,185,951$0$0$2,005,036
79$3,421,455$0$0$2,154,575
80$3,678,162$0$0$2,317,635
81$3,958,146$0$0$2,495,541
82$4,263,690$0$0$2,689,750
83$4,597,306$0$0$2,901,868
84$4,961,761$0$0$3,133,662
85$5,360,100$0$0$3,387,077
86$5,795,675$0$0$3,664,254
87$6,272,177$0$0$3,967,552
88$6,793,671$0$0$4,299,567
89$7,364,631$0$0$4,663,157
90$7,989,987$0$0$5,061,473
91$8,675,165$0$0$5,497,981
92$9,426,143$0$0$5,976,501
93$10,249,502$0$0$6,501,238
94$11,152,495$0$0$7,076,824
95$12,143,104$0$0$7,708,363
96$13,230,128$0$0$8,401,475
97$14,423,253$0$0$9,162,350
98$15,733,152$0$0$9,997,808
99$17,171,581$0$0$10,915,361
100$18,751,489$0$0$11,923,284