Can I retire at age 45 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$40,381$40,021$39,671$39,328$38,994$38,144
2 years$19,991$19,618$19,258$18,908$18,568$17,717
3 years$13,195$12,821$12,461$12,114$11,781$10,953
4 years$9,797$9,425$9,068$8,728$8,402$7,606
5 years$7,760$7,389$7,037$6,704$6,387$5,624
6 years$6,401$6,034$5,687$5,361$5,054$4,325
7 years$5,432$5,067$4,726$4,408$4,110$3,415
8 years$4,705$4,343$4,008$3,697$3,410$2,748
9 years$4,140$3,782$3,452$3,149$2,872$2,243
10 years$3,688$3,333$3,010$2,715$2,447$1,851
11 years$3,318$2,968$2,650$2,363$2,104$1,541
12 years$3,011$2,664$2,352$2,072$1,823$1,291
13 years$2,751$2,407$2,101$1,830$1,590$1,088
14 years$2,528$2,188$1,888$1,624$1,394$921
15 years$2,335$1,999$1,704$1,448$1,227$782
16 years$2,166$1,834$1,545$1,297$1,085$667
17 years$2,018$1,689$1,406$1,165$962$569
18 years$1,886$1,561$1,284$1,050$855$488
19 years$1,768$1,446$1,175$949$762$418
20 years$1,662$1,344$1,078$859$681$359
21 years$1,566$1,252$992$780$609$309
22 years$1,479$1,169$914$709$546$266
23 years$1,400$1,093$844$646$490$230
24 years$1,327$1,024$781$589$441$198
25 years$1,261$961$723$538$396$171
26 years$1,199$903$671$492$357$148
27 years$1,143$850$623$450$322$128
28 years$1,090$801$579$413$291$110
29 years$1,041$756$539$378$262$96
30 years$995$714$502$347$237$83
31 years$953$675$468$319$214$72
32 years$913$638$436$293$194$62
33 years$876$604$408$269$175$54
34 years$841$573$381$248$159$46
35 years$808$543$356$228$144$40
36 years$777$516$333$210$130$35
37 years$747$490$312$194$118$30
38 years$720$466$292$179$107$26
39 years$693$443$273$165$97$23
40 years$669$421$256$152$88$20
41 years$645$401$240$140$80$17
42 years$623$382$225$129$73$15
43 years$601$364$212$119$66$13
44 years$581$347$199$110$60$11
45 years$562$331$186$102$54$10
46 years$543$315$175$94$49$8
47 years$526$301$165$87$45$7
48 years$509$287$155$80$41$6
49 years$493$274$145$74$37$5
50 years$477$262$137$69$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $489,000, adding $6,075 every year, while hoping to spend $24,117 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: 45/33/22 Blend
44$489,000$489,000$489,000$489,000
45$545,144$519,227$511,648$565,976
46$575,089$519,009$503,128$581,030
47$607,279$517,972$493,514$594,504
48$641,919$516,050$482,744$608,626
49$679,233$513,174$470,754$623,468
50$719,465$509,270$457,475$639,110
51$762,886$504,260$442,835$655,643
52$809,792$498,060$426,762$673,168
53$860,508$490,583$409,176$691,800
54$915,394$481,736$389,998$711,664
55$974,842$471,418$369,140$732,902
56$1,039,285$459,527$346,516$755,673
57$1,109,199$445,951$322,031$780,153
58$1,185,107$430,572$295,589$806,539
59$1,267,586$413,268$267,088$835,051
60$1,357,267$393,906$236,423$865,933
61$1,454,848$372,347$203,483$899,458
62$1,561,095$348,444$168,153$935,928
63$1,676,852$322,043$130,311$975,680
64$1,803,047$292,979$89,832$1,019,091
65$1,940,700$261,078$46,585$1,066,575
66$2,090,938$226,157$431$1,118,596
67$2,254,996$188,022$0$1,175,669
68$2,434,239$146,467$0$1,249,824
69$2,630,164$101,277$0$1,331,087
70$2,844,425$52,224$0$1,420,098
71$3,078,839$0$0$1,517,673
72$3,335,408$0$0$1,625,057
73$3,616,336$0$0$1,763,456
74$3,924,052$0$0$1,915,111
75$4,261,228$0$0$2,081,346
76$4,630,810$0$0$2,263,620
77$5,036,039$0$0$2,463,540
78$5,480,488$0$0$2,682,877
79$5,968,090$0$0$2,923,579
80$6,503,178$0$0$3,187,795
81$7,090,524$0$0$3,477,891
82$7,735,387$0$0$3,796,472
83$8,443,557$0$0$4,146,409
84$9,221,414$0$0$4,530,864
85$10,075,986$0$0$4,953,322
86$11,015,014$0$0$5,417,621
87$12,047,029$0$0$5,927,988
88$13,181,427$0$0$6,489,083
89$14,428,559$0$0$7,106,037
90$15,799,832$0$0$7,784,505
91$17,307,810$0$0$8,530,716
92$18,966,339$0$0$9,351,536
93$20,790,672$0$0$10,254,525
94$22,797,614$0$0$11,248,017
95$25,005,683$0$0$12,341,193
96$27,435,279$0$0$13,544,168
97$30,108,884$0$0$14,868,087
98$33,051,266$0$0$16,325,233
99$36,289,715$0$0$17,929,136
100$39,854,304$0$0$19,694,707