Can I retire at age 45 with 494,000?

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 $494,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$40,794$40,431$40,076$39,730$39,392$39,144
2 years$20,195$19,819$19,454$19,101$18,758$18,508
3 years$13,330$12,952$12,588$12,238$11,901$11,656
4 years$9,898$9,521$9,161$8,817$8,488$8,251
5 years$7,839$7,465$7,109$6,772$6,452$6,223
6 years$6,467$6,095$5,745$5,416$5,106$4,885
7 years$5,487$5,119$4,774$4,453$4,152$3,940
8 years$4,753$4,388$4,049$3,735$3,445$3,241
9 years$4,182$3,820$3,488$3,182$2,901$2,706
10 years$3,726$3,368$3,040$2,743$2,472$2,285
11 years$3,352$2,998$2,677$2,387$2,126$1,947
12 years$3,042$2,691$2,376$2,094$1,842$1,672
13 years$2,779$2,432$2,122$1,848$1,606$1,444
14 years$2,554$2,210$1,907$1,641$1,408$1,254
15 years$2,359$2,019$1,722$1,463$1,240$1,093
16 years$2,189$1,853$1,561$1,310$1,096$956
17 years$2,038$1,706$1,420$1,177$972$839
18 years$1,905$1,577$1,297$1,061$864$739
19 years$1,786$1,461$1,187$959$770$651
20 years$1,679$1,358$1,089$868$688$576
21 years$1,582$1,265$1,002$788$615$510
22 years$1,494$1,181$924$716$552$452
23 years$1,414$1,104$853$652$495$401
24 years$1,341$1,034$789$595$445$356
25 years$1,274$971$730$543$401$317
26 years$1,212$912$677$497$361$282
27 years$1,154$859$629$455$325$252
28 years$1,101$809$585$417$294$224
29 years$1,052$763$544$382$265$200
30 years$1,006$721$507$351$239$179
31 years$963$681$473$322$217$160
32 years$922$645$441$296$196$143
33 years$885$611$412$272$177$127
34 years$849$579$385$250$160$114
35 years$816$549$360$231$145$102
36 years$785$521$336$212$132$91
37 years$755$495$315$196$119$82
38 years$727$470$295$180$108$73
39 years$700$447$276$166$98$65
40 years$675$425$259$153$89$59
41 years$652$405$243$141$81$52
42 years$629$386$228$131$73$47
43 years$607$368$214$121$66$42
44 years$587$350$201$111$60$38
45 years$567$334$188$103$55$34
46 years$549$319$177$95$50$30
47 years$531$304$166$88$45$27
48 years$514$290$156$81$41$24
49 years$498$277$147$75$37$22
50 years$482$265$138$69$34$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $494,000, adding $6,609 every year, while hoping to spend $39,143 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: 26/46/28 Blend
44$494,000$494,000$494,000$494,000
45$551,205$525,023$517,366$560,593
46$565,780$509,101$493,050$552,882
47$580,530$491,088$466,608$540,840
48$595,431$470,838$437,926$527,118
49$610,456$448,200$406,888$511,599
50$625,574$423,013$373,370$494,161
51$640,749$395,107$337,244$474,676
52$655,939$364,302$298,375$453,005
53$671,099$330,406$256,625$429,004
54$686,175$293,220$211,846$402,517
55$701,108$252,531$163,885$373,380
56$715,829$208,113$112,584$341,421
57$730,263$159,730$57,775$306,453
58$744,324$107,131$0$268,283
59$757,916$50,051$0$226,915
60$770,930$0$0$200,350
61$783,247$0$0$177,099
62$794,731$0$0$178,899
63$805,232$0$0$180,371
64$814,581$0$0$181,464
65$822,592$0$0$182,123
66$829,054$0$0$182,287
67$833,736$0$0$181,888
68$836,379$0$0$180,850
69$836,696$0$0$179,089
70$834,369$0$0$176,512
71$829,042$0$0$173,016
72$820,323$0$0$168,485
73$807,777$0$0$162,794
74$790,920$0$0$155,802
75$769,218$0$0$147,353
76$742,077$0$0$137,275
77$708,841$0$0$125,379
78$668,783$0$0$111,454
79$621,101$0$0$95,267
80$564,904$0$0$76,560
81$499,209$0$0$55,051
82$422,929$0$0$30,423
83$334,862$0$0$2,332
84$233,679$0$0$0
85$117,911$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0