Can I retire at age 45 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$39,638$39,285$38,940$38,604$38,276$36,977
2 years$19,623$19,257$18,903$18,560$18,227$16,931
3 years$12,952$12,585$12,232$11,891$11,564$10,312
4 years$9,617$9,251$8,901$8,567$8,247$7,049
5 years$7,617$7,253$6,908$6,580$6,269$5,128
6 years$6,284$5,923$5,583$5,262$4,961$3,877
7 years$5,332$4,974$4,639$4,326$4,034$3,008
8 years$4,618$4,264$3,934$3,629$3,347$2,377
9 years$4,064$3,712$3,389$3,091$2,819$1,904
10 years$3,620$3,272$2,954$2,665$2,402$1,541
11 years$3,257$2,913$2,601$2,319$2,065$1,258
12 years$2,955$2,614$2,308$2,034$1,790$1,032
13 years$2,700$2,363$2,062$1,796$1,561$852
14 years$2,481$2,148$1,853$1,594$1,368$706
15 years$2,292$1,962$1,673$1,422$1,205$587
16 years$2,127$1,800$1,517$1,273$1,065$489
17 years$1,981$1,658$1,380$1,144$944$408
18 years$1,851$1,532$1,260$1,031$839$342
19 years$1,735$1,420$1,153$931$748$286
20 years$1,631$1,319$1,059$844$668$240
21 years$1,537$1,229$974$766$598$202
22 years$1,452$1,147$897$696$536$170
23 years$1,374$1,073$829$634$481$143
24 years$1,303$1,005$766$578$433$120
25 years$1,238$943$710$528$389$101
26 years$1,177$887$658$483$351$85
27 years$1,121$834$611$442$316$72
28 years$1,070$786$568$405$285$61
29 years$1,022$742$529$371$258$51
30 years$977$700$493$341$233$43
31 years$935$662$459$313$210$36
32 years$896$627$428$288$190$31
33 years$860$593$400$265$172$26
34 years$825$562$374$243$156$22
35 years$793$533$349$224$141$18
36 years$762$506$327$206$128$16
37 years$734$481$306$190$116$13
38 years$706$457$287$175$105$11
39 years$681$435$268$162$95$9
40 years$656$413$252$149$86$8
41 years$633$394$236$137$78$7
42 years$611$375$221$127$71$6
43 years$590$357$208$117$65$5
44 years$570$340$195$108$59$4
45 years$551$325$183$100$53$3
46 years$533$310$172$92$48$3
47 years$516$295$162$85$44$2
48 years$500$282$152$79$40$2
49 years$484$269$143$73$36$2
50 years$469$257$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 $480,000, adding $2,632 every year, while hoping to spend $29,226 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: 47/30/23 Blend
44$480,000$480,000$480,000$480,000
45$531,675$506,235$498,795$553,063
46$554,810$499,944$484,408$562,024
47$579,324$492,366$468,560$568,638
48$605,329$483,405$451,171$575,225
49$632,944$472,964$432,157$581,796
50$662,301$460,936$411,431$588,364
51$693,544$447,209$388,901$594,949
52$726,829$431,666$364,473$601,571
53$762,330$414,182$338,047$608,257
54$800,234$394,624$309,518$615,039
55$840,750$372,852$278,779$621,953
56$884,103$348,718$245,715$629,044
57$930,542$322,067$210,207$636,363
58$980,341$292,731$172,132$643,970
59$1,033,797$260,537$131,361$651,935
60$1,091,241$225,299$87,757$660,336
61$1,153,031$186,823$41,181$669,266
62$1,219,565$144,901$0$678,830
63$1,291,275$99,317$0$691,241
64$1,368,641$49,839$0$715,463
65$1,452,186$0$0$741,576
66$1,542,488$0$0$771,042
67$1,640,178$0$0$820,762
68$1,745,954$0$0$874,642
69$1,860,581$0$0$933,078
70$1,984,902$0$0$996,505
71$2,119,841$0$0$1,065,401
72$2,266,417$0$0$1,140,293
73$2,425,749$0$0$1,221,761
74$2,599,071$0$0$1,310,440
75$2,787,737$0$0$1,407,032
76$2,993,239$0$0$1,512,309
77$3,217,219$0$0$1,627,120
78$3,461,483$0$0$1,752,399
79$3,728,019$0$0$1,889,175
80$4,019,016$0$0$2,038,580
81$4,336,883$0$0$2,201,860
82$4,684,272$0$0$2,380,389
83$5,064,103$0$0$2,575,677
84$5,479,591$0$0$2,789,387
85$5,934,275$0$0$3,023,352
86$6,432,054$0$0$3,279,589
87$6,977,220$0$0$3,560,319
88$7,574,499$0$0$3,867,990
89$8,229,098$0$0$4,205,295
90$8,946,748$0$0$4,575,203
91$9,733,764$0$0$4,980,982
92$10,597,101$0$0$5,426,233
93$11,544,419$0$0$5,914,920
94$12,584,156$0$0$6,451,413
95$13,725,605$0$0$7,040,522
96$14,979,005$0$0$7,687,550
97$16,355,633$0$0$8,398,335
98$17,867,914$0$0$9,179,309
99$19,529,533$0$0$10,037,559
100$21,355,569$0$0$10,980,893