Can I retire at age 45 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$40,216$39,858$39,508$39,167$38,834$37,972
2 years$19,909$19,538$19,179$18,830$18,492$17,629
3 years$13,141$12,768$12,410$12,065$11,732$10,894
4 years$9,757$9,386$9,031$8,692$8,368$7,560
5 years$7,728$7,359$7,009$6,676$6,361$5,587
6 years$6,375$6,009$5,664$5,339$5,033$4,294
7 years$5,410$5,046$4,707$4,390$4,093$3,389
8 years$4,686$4,326$3,992$3,682$3,396$2,726
9 years$4,123$3,766$3,438$3,136$2,860$2,224
10 years$3,673$3,320$2,997$2,704$2,437$1,834
11 years$3,305$2,955$2,639$2,353$2,096$1,525
12 years$2,998$2,653$2,342$2,064$1,816$1,277
13 years$2,739$2,397$2,092$1,822$1,584$1,076
14 years$2,518$2,179$1,880$1,617$1,388$910
15 years$2,326$1,991$1,697$1,443$1,222$772
16 years$2,158$1,826$1,539$1,292$1,080$658
17 years$2,010$1,682$1,400$1,161$958$561
18 years$1,878$1,554$1,278$1,046$852$480
19 years$1,761$1,440$1,170$945$759$412
20 years$1,655$1,338$1,074$856$678$353
21 years$1,560$1,247$988$777$607$304
22 years$1,473$1,164$910$706$544$261
23 years$1,394$1,088$841$643$488$225
24 years$1,322$1,020$777$587$439$194
25 years$1,256$957$720$536$395$168
26 years$1,194$899$668$490$356$145
27 years$1,138$847$620$448$321$125
28 years$1,085$798$577$411$289$108
29 years$1,037$753$537$377$261$93
30 years$991$711$500$346$236$81
31 years$949$672$466$318$213$70
32 years$909$636$435$292$193$60
33 years$872$602$406$268$175$52
34 years$837$571$379$247$158$45
35 years$804$541$355$227$143$39
36 years$773$514$332$209$130$34
37 years$744$488$310$193$118$29
38 years$717$464$291$178$107$25
39 years$691$441$272$164$97$22
40 years$666$419$255$151$88$19
41 years$642$399$239$139$80$17
42 years$620$380$225$129$72$14
43 years$599$362$211$119$66$12
44 years$579$345$198$110$60$11
45 years$559$329$186$101$54$9
46 years$541$314$174$94$49$8
47 years$524$300$164$86$45$7
48 years$507$286$154$80$40$6
49 years$491$273$145$74$37$5
50 years$475$261$136$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $487,000, adding $4,043 every year, while hoping to spend $33,589 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: 75/9/16 Blend
44$487,000$487,000$487,000$487,000
45$540,844$515,033$507,485$579,190
46$560,272$504,532$488,747$594,600
47$580,556$492,389$468,256$606,927
48$601,747$478,491$445,917$619,535
49$623,902$462,714$421,632$632,445
50$647,081$444,928$395,298$645,675
51$671,350$424,996$366,807$659,250
52$696,780$402,773$336,048$673,197
53$723,448$378,106$302,901$687,545
54$751,437$350,830$267,246$702,328
55$780,838$320,776$228,954$717,583
56$811,750$287,760$187,890$733,353
57$844,280$251,592$143,916$749,685
58$878,545$212,068$96,885$766,632
59$914,671$168,973$46,645$784,255
60$952,797$122,083$0$802,621
61$993,074$71,157$0$822,993
62$1,035,667$15,943$0$852,841
63$1,080,755$0$0$884,318
64$1,128,535$0$0$921,898
65$1,179,221$0$0$963,449
66$1,233,048$0$0$1,007,584
67$1,290,271$0$0$1,054,516
68$1,351,173$0$0$1,104,477
69$1,416,059$0$0$1,157,719
70$1,485,266$0$0$1,214,520
71$1,559,162$0$0$1,275,184
72$1,638,151$0$0$1,340,044
73$1,722,676$0$0$1,409,466
74$1,813,221$0$0$1,483,851
75$1,910,320$0$0$1,563,637
76$2,014,555$0$0$1,649,307
77$2,126,567$0$0$1,741,390
78$2,247,061$0$0$1,840,467
79$2,376,807$0$0$1,947,176
80$2,516,655$0$0$2,062,217
81$2,667,536$0$0$2,186,360
82$2,830,474$0$0$2,320,449
83$3,006,593$0$0$2,465,415
84$3,197,130$0$0$2,622,278
85$3,403,443$0$0$2,792,161
86$3,627,026$0$0$2,976,298
87$3,869,523$0$0$3,176,047
88$4,132,739$0$0$3,392,898
89$4,418,662$0$0$3,628,495
90$4,729,478$0$0$3,884,643
91$5,067,589$0$0$4,163,327
92$5,435,643$0$0$4,466,735
93$5,836,550$0$0$4,797,272
94$6,273,514$0$0$5,157,583
95$6,750,059$0$0$5,550,582
96$7,270,066$0$0$5,979,475
97$7,837,806$0$0$6,447,791
98$8,457,980$0$0$6,959,415
99$9,135,765$0$0$7,518,625
100$9,876,859$0$0$8,130,128