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%19.3%
1 years$39,721$39,367$39,022$38,685$38,356$36,921
2 years$19,664$19,297$18,942$18,598$18,265$16,836
3 years$12,979$12,611$12,257$11,916$11,588$10,210
4 years$9,637$9,270$8,920$8,585$8,265$6,948
5 years$7,633$7,268$6,922$6,594$6,283$5,030
6 years$6,297$5,935$5,594$5,273$4,971$3,784
7 years$5,343$4,984$4,649$4,335$4,043$2,921
8 years$4,628$4,272$3,943$3,637$3,354$2,296
9 years$4,072$3,720$3,396$3,098$2,825$1,829
10 years$3,628$3,279$2,960$2,670$2,407$1,472
11 years$3,264$2,919$2,606$2,324$2,070$1,194
12 years$2,962$2,620$2,313$2,038$1,794$975
13 years$2,706$2,368$2,067$1,800$1,564$799
14 years$2,487$2,152$1,857$1,598$1,371$658
15 years$2,297$1,966$1,676$1,425$1,207$543
16 years$2,131$1,804$1,520$1,276$1,067$450
17 years$1,985$1,661$1,383$1,146$946$373
18 years$1,855$1,535$1,263$1,033$841$310
19 years$1,739$1,423$1,156$933$750$258
20 years$1,635$1,322$1,061$845$670$215
21 years$1,541$1,231$976$767$599$180
22 years$1,455$1,149$899$698$537$150
23 years$1,377$1,075$830$635$482$125
24 years$1,306$1,007$768$579$433$105
25 years$1,240$945$711$529$390$88
26 years$1,180$888$660$484$351$73
27 years$1,124$836$613$443$317$61
28 years$1,072$788$569$406$286$51
29 years$1,024$743$530$372$258$43
30 years$979$702$494$341$233$36
31 years$937$664$460$314$211$30
32 years$898$628$429$288$191$25
33 years$861$595$401$265$173$21
34 years$827$564$375$244$156$18
35 years$794$534$350$224$142$15
36 years$764$507$328$207$128$12
37 years$735$482$307$190$116$10
38 years$708$458$287$176$105$9
39 years$682$435$269$162$96$7
40 years$658$414$252$149$87$6
41 years$634$394$236$138$79$5
42 years$612$376$222$127$71$4
43 years$591$358$208$117$65$4
44 years$571$341$195$108$59$3
45 years$552$325$183$100$53$3
46 years$534$310$172$92$48$2
47 years$517$296$162$85$44$2
48 years$501$283$152$79$40$1
49 years$485$270$143$73$36$1
50 years$470$258$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 $481,000, adding $2,554 every year, while hoping to spend $30,301 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: 58/25/17 Blend
44$481,000$481,000$481,000$481,000
45$532,696$507,203$499,748$561,092
46$554,791$499,816$484,249$573,243
47$578,125$491,052$467,216$582,944
48$602,790$480,810$448,565$592,827
49$628,891$468,986$428,208$602,916
50$656,540$455,468$406,055$613,236
51$685,859$440,138$382,010$623,820
52$716,982$422,871$355,973$634,701
53$750,058$403,535$327,841$645,922
54$785,244$381,989$297,505$657,529
55$822,719$358,086$264,851$669,576
56$862,673$331,669$229,760$682,124
57$905,318$302,573$192,109$695,242
58$950,884$270,623$151,769$709,010
59$999,624$235,633$108,603$723,516
60$1,051,816$197,410$62,472$738,863
61$1,107,764$155,745$13,227$755,165
62$1,167,802$110,422$0$772,551
63$1,232,295$61,211$0$798,301
64$1,301,646$7,867$0$828,468
65$1,376,296$0$0$860,866
66$1,456,729$0$0$909,451
67$1,543,478$0$0$964,216
68$1,637,128$0$0$1,023,371
69$1,738,321$0$0$1,087,324
70$1,847,763$0$0$1,156,527
71$1,966,230$0$0$1,231,475
72$2,094,576$0$0$1,312,713
73$2,233,738$0$0$1,400,839
74$2,384,749$0$0$1,496,513
75$2,548,743$0$0$1,600,458
76$2,726,968$0$0$1,713,471
77$2,920,796$0$0$1,836,429
78$3,131,739$0$0$1,970,297
79$3,361,458$0$0$2,116,136
80$3,611,783$0$0$2,275,114
81$3,884,725$0$0$2,448,516
82$4,182,501$0$0$2,637,757
83$4,507,548$0$0$2,844,395
84$4,862,551$0$0$3,070,144
85$5,250,463$0$0$3,316,891
86$5,674,539$0$0$3,586,715
87$6,138,359$0$0$3,881,903
88$6,645,866$0$0$4,204,974
89$7,201,403$0$0$4,558,703
90$7,809,752$0$0$4,946,145
91$8,476,176$0$0$5,370,662
92$9,206,476$0$0$5,835,961
93$10,007,037$0$0$6,346,121
94$10,884,892$0$0$6,905,637
95$11,847,788$0$0$7,519,458
96$12,904,258$0$0$8,193,036
97$14,063,699$0$0$8,932,377
98$15,336,465$0$0$9,744,096
99$16,733,958$0$0$10,635,479
100$18,268,740$0$0$11,614,554