Can I retire at age 45 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$39,721$39,367$39,022$38,685$38,356$37,627
2 years$19,664$19,297$18,942$18,598$18,265$17,534
3 years$12,979$12,611$12,257$11,916$11,588$10,877
4 years$9,637$9,270$8,920$8,585$8,265$7,579
5 years$7,633$7,268$6,922$6,594$6,283$5,625
6 years$6,297$5,935$5,594$5,273$4,971$4,342
7 years$5,343$4,984$4,649$4,335$4,043$3,442
8 years$4,628$4,272$3,943$3,637$3,354$2,782
9 years$4,072$3,720$3,396$3,098$2,825$2,280
10 years$3,628$3,279$2,960$2,670$2,407$1,890
11 years$3,264$2,919$2,606$2,324$2,070$1,580
12 years$2,962$2,620$2,313$2,038$1,794$1,330
13 years$2,706$2,368$2,067$1,800$1,564$1,126
14 years$2,487$2,152$1,857$1,598$1,371$957
15 years$2,297$1,966$1,676$1,425$1,207$817
16 years$2,131$1,804$1,520$1,276$1,067$700
17 years$1,985$1,661$1,383$1,146$946$601
18 years$1,855$1,535$1,263$1,033$841$517
19 years$1,739$1,423$1,156$933$750$446
20 years$1,635$1,322$1,061$845$670$385
21 years$1,541$1,231$976$767$599$333
22 years$1,455$1,149$899$698$537$288
23 years$1,377$1,075$830$635$482$250
24 years$1,306$1,007$768$579$433$217
25 years$1,240$945$711$529$390$188
26 years$1,180$888$660$484$351$164
27 years$1,124$836$613$443$317$142
28 years$1,072$788$569$406$286$124
29 years$1,024$743$530$372$258$108
30 years$979$702$494$341$233$94
31 years$937$664$460$314$211$82
32 years$898$628$429$288$191$71
33 years$861$595$401$265$173$62
34 years$827$564$375$244$156$54
35 years$794$534$350$224$142$47
36 years$764$507$328$207$128$41
37 years$735$482$307$190$116$36
38 years$708$458$287$176$105$31
39 years$682$435$269$162$96$27
40 years$658$414$252$149$87$24
41 years$634$394$236$138$79$21
42 years$612$376$222$127$71$18
43 years$591$358$208$117$65$16
44 years$571$341$195$108$59$14
45 years$552$325$183$100$53$12
46 years$534$310$172$92$48$10
47 years$517$296$162$85$44$9
48 years$501$283$152$79$40$8
49 years$485$270$143$73$36$7
50 years$470$258$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 $481,000, adding $4,531 every year, while hoping to spend $21,194 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: 79/5/16 Blend
44$481,000$481,000$481,000$481,000
45$534,736$509,243$501,787$574,802
46$566,729$511,645$496,047$604,238
47$601,274$513,455$489,404$633,372
48$638,611$514,621$481,806$664,746
49$679,000$515,089$473,197$698,576
50$722,729$514,799$463,520$735,099
51$770,115$513,692$452,715$774,579
52$821,504$511,700$440,719$817,302
53$877,280$508,756$427,465$863,589
54$937,862$504,784$412,885$913,789
55$1,003,713$499,708$396,906$968,290
56$1,075,342$493,444$379,452$1,027,517
57$1,153,308$485,904$360,445$1,091,940
58$1,238,228$476,996$339,803$1,162,077
59$1,330,779$466,620$317,438$1,238,498
60$1,431,707$454,673$293,260$1,321,834
61$1,541,834$441,044$267,177$1,412,776
62$1,662,062$425,616$239,088$1,512,091
63$1,793,386$408,266$208,892$1,620,619
64$1,936,902$388,862$176,481$1,739,290
65$2,093,816$367,265$141,742$1,869,129
66$2,265,454$343,330$104,559$2,011,263
67$2,453,278$316,902$64,810$2,166,937
68$2,658,898$287,815$22,367$2,337,522
69$2,884,086$255,899$0$2,524,530
70$3,130,794$220,968$0$2,733,543
71$3,401,170$182,831$0$2,966,811
72$3,697,583$141,283$0$3,222,564
73$4,022,638$96,108$0$3,503,059
74$4,379,208$47,078$0$3,810,784
75$4,770,456$0$0$4,148,479
76$5,199,864$0$0$4,519,498
77$5,671,271$0$0$4,929,662
78$6,188,904$0$0$5,380,063
79$6,757,419$0$0$5,874,752
80$7,381,946$0$0$6,418,197
81$8,068,135$0$0$7,015,316
82$8,822,213$0$0$7,671,529
83$9,651,037$0$0$8,392,806
84$10,562,163$0$0$9,185,724
85$11,563,916$0$0$10,057,532
86$12,665,467$0$0$11,016,211
87$13,876,920$0$0$12,070,560
88$15,209,407$0$0$13,230,269
89$16,675,196$0$0$14,506,017
90$18,287,799$0$0$15,909,568
91$20,062,107$0$0$17,453,886
92$22,014,527$0$0$19,153,252
93$24,163,135$0$0$21,023,404
94$26,527,849$0$0$23,081,683
95$29,130,617$0$0$25,347,193
96$31,995,621$0$0$27,840,988
97$35,149,505$0$0$30,586,263
98$38,621,632$0$0$33,608,580
99$42,444,352$0$0$36,936,102
100$46,653,313$0$0$40,599,864