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%11.2%
1 years$39,638$39,285$38,940$38,604$38,276$38,083
2 years$19,623$19,257$18,903$18,560$18,227$18,032
3 years$12,952$12,585$12,232$11,891$11,564$11,373
4 years$9,617$9,251$8,901$8,567$8,247$8,062
5 years$7,617$7,253$6,908$6,580$6,269$6,091
6 years$6,284$5,923$5,583$5,262$4,961$4,789
7 years$5,332$4,974$4,639$4,326$4,034$3,869
8 years$4,618$4,264$3,934$3,629$3,347$3,188
9 years$4,064$3,712$3,389$3,091$2,819$2,666
10 years$3,620$3,272$2,954$2,665$2,402$2,256
11 years$3,257$2,913$2,601$2,319$2,065$1,926
12 years$2,955$2,614$2,308$2,034$1,790$1,657
13 years$2,700$2,363$2,062$1,796$1,561$1,434
14 years$2,481$2,148$1,853$1,594$1,368$1,247
15 years$2,292$1,962$1,673$1,422$1,205$1,089
16 years$2,127$1,800$1,517$1,273$1,065$955
17 years$1,981$1,658$1,380$1,144$944$840
18 years$1,851$1,532$1,260$1,031$839$741
19 years$1,735$1,420$1,153$931$748$655
20 years$1,631$1,319$1,059$844$668$580
21 years$1,537$1,229$974$766$598$514
22 years$1,452$1,147$897$696$536$457
23 years$1,374$1,073$829$634$481$407
24 years$1,303$1,005$766$578$433$362
25 years$1,238$943$710$528$389$323
26 years$1,177$887$658$483$351$288
27 years$1,121$834$611$442$316$257
28 years$1,070$786$568$405$285$230
29 years$1,022$742$529$371$258$206
30 years$977$700$493$341$233$184
31 years$935$662$459$313$210$165
32 years$896$627$428$288$190$148
33 years$860$593$400$265$172$132
34 years$825$562$374$243$156$119
35 years$793$533$349$224$141$106
36 years$762$506$327$206$128$95
37 years$734$481$306$190$116$86
38 years$706$457$287$175$105$77
39 years$681$435$268$162$95$69
40 years$656$413$252$149$86$62
41 years$633$394$236$137$78$56
42 years$611$375$221$127$71$50
43 years$590$357$208$117$65$45
44 years$570$340$195$108$59$40
45 years$551$325$183$100$53$36
46 years$533$310$172$92$48$33
47 years$516$295$162$85$44$29
48 years$500$282$152$79$40$26
49 years$484$269$143$73$36$24
50 years$469$257$134$67$33$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $480,000, adding $6,812 every year, while hoping to spend $26,265 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: 69/8/23 Blend
44$480,000$480,000$480,000$480,000
45$535,987$510,547$503,107$569,413
46$562,711$507,618$492,015$589,720
47$591,282$503,665$479,671$608,251
48$621,859$498,610$466,006$627,903
49$654,618$492,372$450,947$648,785
50$689,752$484,861$434,417$671,020
51$727,473$475,986$416,336$694,742
52$768,014$465,648$396,622$720,099
53$811,630$453,743$375,187$747,256
54$858,601$440,161$351,941$776,396
55$909,234$424,785$326,787$807,720
56$963,869$407,492$299,627$841,451
57$1,022,876$388,152$270,357$877,837
58$1,086,663$366,625$238,868$917,149
59$1,155,680$342,767$205,047$959,691
60$1,230,419$316,422$168,776$1,005,796
61$1,311,422$287,427$129,930$1,055,834
62$1,399,286$255,610$88,382$1,110,213
63$1,494,666$220,788$43,996$1,169,383
64$1,598,283$182,768$0$1,233,845
65$1,710,931$141,347$0$1,304,976
66$1,833,483$96,309$0$1,394,135
67$1,966,897$47,427$0$1,491,224
68$2,112,232$0$0$1,597,026
69$2,270,649$0$0$1,712,890
70$2,443,428$0$0$1,843,837
71$2,631,977$0$0$1,986,763
72$2,837,847$0$0$2,142,844
73$3,062,745$0$0$2,313,379
74$3,308,548$0$0$2,499,795
75$3,577,325$0$0$2,703,666
76$3,871,353$0$0$2,926,720
77$4,193,140$0$0$3,170,866
78$4,545,448$0$0$3,438,202
79$4,931,316$0$0$3,731,039
80$5,354,092$0$0$4,051,923
81$5,817,465$0$0$4,403,657
82$6,325,495$0$0$4,789,328
83$6,882,657$0$0$5,212,338
84$7,493,875$0$0$5,676,432
85$8,164,577$0$0$6,185,735
86$8,900,739$0$0$6,744,791
87$9,708,947$0$0$7,358,607
88$10,596,453$0$0$8,032,696
89$11,571,245$0$0$8,773,133
90$12,642,126$0$0$9,586,609
91$13,818,791$0$0$10,480,496
92$15,111,922$0$0$11,462,915
93$16,533,286$0$0$12,542,813
94$18,095,847$0$0$13,730,047
95$19,813,889$0$0$15,035,477
96$21,703,148$0$0$16,471,068
97$23,780,960$0$0$18,050,000
98$26,066,429$0$0$19,786,799
99$28,580,599$0$0$21,697,465
100$31,346,659$0$0$23,799,631