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%13.9%
1 years$40,794$40,431$40,076$39,730$39,392$38,756
2 years$20,195$19,819$19,454$19,101$18,758$18,119
3 years$13,330$12,952$12,588$12,238$11,901$11,278
4 years$9,898$9,521$9,161$8,817$8,488$7,887
5 years$7,839$7,465$7,109$6,772$6,452$5,875
6 years$6,467$6,095$5,745$5,416$5,106$4,552
7 years$5,487$5,119$4,774$4,453$4,152$3,623
8 years$4,753$4,388$4,049$3,735$3,445$2,940
9 years$4,182$3,820$3,488$3,182$2,901$2,420
10 years$3,726$3,368$3,040$2,743$2,472$2,014
11 years$3,352$2,998$2,677$2,387$2,126$1,691
12 years$3,042$2,691$2,376$2,094$1,842$1,430
13 years$2,779$2,432$2,122$1,848$1,606$1,216
14 years$2,554$2,210$1,907$1,641$1,408$1,039
15 years$2,359$2,019$1,722$1,463$1,240$891
16 years$2,189$1,853$1,561$1,310$1,096$767
17 years$2,038$1,706$1,420$1,177$972$662
18 years$1,905$1,577$1,297$1,061$864$573
19 years$1,786$1,461$1,187$959$770$496
20 years$1,679$1,358$1,089$868$688$431
21 years$1,582$1,265$1,002$788$615$375
22 years$1,494$1,181$924$716$552$326
23 years$1,414$1,104$853$652$495$284
24 years$1,341$1,034$789$595$445$248
25 years$1,274$971$730$543$401$216
26 years$1,212$912$677$497$361$189
27 years$1,154$859$629$455$325$165
28 years$1,101$809$585$417$294$145
29 years$1,052$763$544$382$265$127
30 years$1,006$721$507$351$239$111
31 years$963$681$473$322$217$97
32 years$922$645$441$296$196$85
33 years$885$611$412$272$177$74
34 years$849$579$385$250$160$65
35 years$816$549$360$231$145$57
36 years$785$521$336$212$132$50
37 years$755$495$315$196$119$44
38 years$727$470$295$180$108$39
39 years$700$447$276$166$98$34
40 years$675$425$259$153$89$30
41 years$652$405$243$141$81$26
42 years$629$386$228$131$73$23
43 years$607$368$214$121$66$20
44 years$587$350$201$111$60$18
45 years$567$334$188$103$55$15
46 years$549$319$177$95$50$14
47 years$531$304$166$88$45$12
48 years$514$290$156$81$41$10
49 years$498$277$147$75$37$9
50 years$482$265$138$69$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $494,000, adding $2,896 every year, while hoping to spend $26,151 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: 67/24/9 Blend
44$494,000$494,000$494,000$494,000
45$547,375$521,193$513,536$582,883
46$575,383$518,907$502,915$604,560
47$605,371$515,633$491,062$624,847
48$637,514$511,294$477,908$646,339
49$672,003$505,810$463,380$669,149
50$709,048$499,095$447,404$693,404
51$748,879$491,059$429,900$719,244
52$791,749$481,605$410,786$746,824
53$837,937$470,633$389,977$776,316
54$887,746$458,034$367,381$807,909
55$941,513$443,695$342,905$841,814
56$999,606$427,494$316,450$878,263
57$1,062,428$409,304$287,914$917,513
58$1,130,426$388,990$257,190$959,849
59$1,204,088$366,409$224,164$1,005,585
60$1,283,952$341,409$188,720$1,055,070
61$1,370,609$313,832$150,736$1,108,689
62$1,464,709$283,508$110,084$1,166,867
63$1,566,967$250,258$66,630$1,230,076
64$1,678,172$213,895$20,236$1,298,835
65$1,799,187$174,217$0$1,373,721
66$1,930,966$131,016$0$1,458,182
67$2,074,556$84,068$0$1,552,364
68$2,231,112$33,138$0$1,655,117
69$2,401,902$0$0$1,767,314
70$2,588,325$0$0$1,895,738
71$2,791,917$0$0$2,045,575
72$3,014,373$0$0$2,209,325
73$3,257,556$0$0$2,388,363
74$3,523,518$0$0$2,584,204
75$3,814,521$0$0$2,798,517
76$4,133,051$0$0$3,033,136
77$4,481,848$0$0$3,290,086
78$4,863,931$0$0$3,571,593
79$5,282,622$0$0$3,880,110
80$5,741,580$0$0$4,218,339
81$6,244,835$0$0$4,589,255
82$6,796,828$0$0$4,996,134
83$7,402,447$0$0$5,442,587
84$8,067,078$0$0$5,932,588
85$8,796,654$0$0$6,470,517
86$9,597,708$0$0$7,061,199
87$10,477,439$0$0$7,709,946
88$11,443,776$0$0$8,422,614
89$12,505,456$0$0$9,205,651
90$13,672,102$0$0$10,066,162
91$14,954,314$0$0$11,011,973
92$16,363,773$0$0$12,051,707
93$17,913,347$0$0$13,194,864
94$19,617,212$0$0$14,451,911
95$21,490,988$0$0$15,834,378
96$23,551,882$0$0$17,354,970
97$25,818,855$0$0$19,027,686
98$28,312,797$0$0$20,867,948
99$31,056,725$0$0$22,892,749
100$34,075,997$0$0$25,120,812