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%19.2%
1 years$40,794$40,431$40,076$39,730$39,392$37,934
2 years$20,195$19,819$19,454$19,101$18,758$17,306
3 years$13,330$12,952$12,588$12,238$11,901$10,500
4 years$9,898$9,521$9,161$8,817$8,488$7,149
5 years$7,839$7,465$7,109$6,772$6,452$5,178
6 years$6,467$6,095$5,745$5,416$5,106$3,898
7 years$5,487$5,119$4,774$4,453$4,152$3,011
8 years$4,753$4,388$4,049$3,735$3,445$2,368
9 years$4,182$3,820$3,488$3,182$2,901$1,888
10 years$3,726$3,368$3,040$2,743$2,472$1,520
11 years$3,352$2,998$2,677$2,387$2,126$1,234
12 years$3,042$2,691$2,376$2,094$1,842$1,008
13 years$2,779$2,432$2,122$1,848$1,606$827
14 years$2,554$2,210$1,907$1,641$1,408$681
15 years$2,359$2,019$1,722$1,463$1,240$563
16 years$2,189$1,853$1,561$1,310$1,096$467
17 years$2,038$1,706$1,420$1,177$972$387
18 years$1,905$1,577$1,297$1,061$864$322
19 years$1,786$1,461$1,187$959$770$268
20 years$1,679$1,358$1,089$868$688$224
21 years$1,582$1,265$1,002$788$615$187
22 years$1,494$1,181$924$716$552$156
23 years$1,414$1,104$853$652$495$131
24 years$1,341$1,034$789$595$445$109
25 years$1,274$971$730$543$401$91
26 years$1,212$912$677$497$361$77
27 years$1,154$859$629$455$325$64
28 years$1,101$809$585$417$294$54
29 years$1,052$763$544$382$265$45
30 years$1,006$721$507$351$239$38
31 years$963$681$473$322$217$32
32 years$922$645$441$296$196$26
33 years$885$611$412$272$177$22
34 years$849$579$385$250$160$19
35 years$816$549$360$231$145$16
36 years$785$521$336$212$132$13
37 years$755$495$315$196$119$11
38 years$727$470$295$180$108$9
39 years$700$447$276$166$98$8
40 years$675$425$259$153$89$6
41 years$652$405$243$141$81$5
42 years$629$386$228$131$73$5
43 years$607$368$214$121$66$4
44 years$587$350$201$111$60$3
45 years$567$334$188$103$55$3
46 years$549$319$177$95$50$2
47 years$531$304$166$88$45$2
48 years$514$290$156$81$41$2
49 years$498$277$147$75$37$1
50 years$482$265$138$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $494,000, adding $2,066 every year, while hoping to spend $23,570 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: 67/6/27 Blend
44$494,000$494,000$494,000$494,000
45$546,519$520,337$512,680$579,157
46$577,186$520,755$504,777$601,805
47$610,190$520,404$495,818$623,716
48$645,747$519,221$485,745$647,148
49$684,089$517,139$474,494$672,255
50$725,476$514,088$461,999$699,203
51$770,189$509,993$448,191$728,178
52$818,541$504,776$432,998$759,385
53$870,873$498,351$416,344$793,049
54$927,562$490,630$398,151$829,420
55$989,021$481,518$378,337$868,776
56$1,055,704$470,915$356,814$911,421
57$1,128,111$458,715$333,493$957,694
58$1,206,793$444,807$308,279$1,007,966
59$1,292,354$429,070$281,075$1,062,649
60$1,385,460$411,381$251,777$1,122,200
61$1,486,843$391,605$220,278$1,187,119
62$1,597,310$369,603$186,466$1,257,962
63$1,717,747$345,224$150,224$1,335,342
64$1,849,130$318,313$111,429$1,419,935
65$1,992,533$288,703$69,954$1,512,490
66$2,149,140$256,217$25,666$1,613,830
67$2,320,251$220,671$0$1,724,867
68$2,507,301$181,868$0$1,852,828
69$2,711,867$139,601$0$2,000,896
70$2,935,686$93,650$0$2,162,938
71$3,180,673$43,785$0$2,340,353
72$3,448,932$0$0$2,534,678
73$3,742,785$0$0$2,748,287
74$4,064,785$0$0$2,985,556
75$4,417,747$0$0$3,245,669
76$4,804,769$0$0$3,530,915
77$5,229,265$0$0$3,843,813
78$5,694,992$0$0$4,187,138
79$6,206,093$0$0$4,563,946
80$6,767,128$0$0$4,977,605
81$7,383,121$0$0$5,431,824
82$8,059,606$0$0$5,930,688
83$8,802,680$0$0$6,478,698
84$9,619,059$0$0$7,080,812
85$10,516,141$0$0$7,742,492
86$11,502,078$0$0$8,469,756
87$12,585,849$0$0$9,269,233
88$13,777,347$0$0$10,148,226
89$15,087,472$0$0$11,114,783
90$16,528,232$0$0$12,177,770
91$18,112,858$0$0$13,346,953
92$19,855,925$0$0$14,633,095
93$21,773,496$0$0$16,048,053
94$23,883,265$0$0$17,604,892
95$26,204,730$0$0$19,318,007
96$28,759,374$0$0$21,203,258
97$31,570,867$0$0$23,278,121
98$34,665,290$0$0$25,561,852
99$38,071,382$0$0$28,075,669
100$41,820,807$0$0$30,842,950