Can I retire at age 45 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$40,877$40,513$40,157$39,811$39,472$38,898
2 years$20,236$19,859$19,494$19,140$18,796$18,219
3 years$13,357$12,978$12,614$12,263$11,925$11,363
4 years$9,918$9,540$9,180$8,835$8,505$7,962
5 years$7,855$7,480$7,124$6,786$6,465$5,943
6 years$6,480$6,108$5,757$5,427$5,116$4,615
7 years$5,498$5,129$4,784$4,462$4,161$3,681
8 years$4,763$4,397$4,057$3,743$3,452$2,994
9 years$4,190$3,828$3,495$3,188$2,907$2,470
10 years$3,733$3,374$3,047$2,748$2,477$2,061
11 years$3,359$3,004$2,682$2,392$2,130$1,735
12 years$3,048$2,696$2,380$2,098$1,846$1,471
13 years$2,784$2,437$2,127$1,852$1,610$1,254
14 years$2,559$2,215$1,911$1,644$1,411$1,074
15 years$2,364$2,023$1,725$1,466$1,242$924
16 years$2,193$1,856$1,564$1,313$1,098$798
17 years$2,043$1,710$1,423$1,180$974$690
18 years$1,909$1,580$1,299$1,063$866$599
19 years$1,790$1,464$1,189$961$772$520
20 years$1,682$1,360$1,092$870$689$453
21 years$1,585$1,267$1,004$790$617$395
22 years$1,497$1,183$925$718$553$345
23 years$1,417$1,106$854$654$496$302
24 years$1,344$1,037$790$596$446$264
25 years$1,276$973$732$545$401$231
26 years$1,214$914$679$498$362$203
27 years$1,157$860$630$456$326$178
28 years$1,103$811$586$418$294$156
29 years$1,054$765$545$383$266$137
30 years$1,008$722$508$351$240$120
31 years$965$683$474$323$217$106
32 years$924$646$442$297$196$93
33 years$886$612$413$273$178$82
34 years$851$580$385$251$161$72
35 years$818$550$360$231$146$63
36 years$786$522$337$213$132$56
37 years$756$496$316$196$120$49
38 years$728$471$295$181$108$43
39 years$702$448$277$167$98$38
40 years$677$426$259$154$89$33
41 years$653$406$243$142$81$29
42 years$630$386$228$131$73$26
43 years$609$368$214$121$67$23
44 years$588$351$201$112$60$20
45 years$569$335$189$103$55$18
46 years$550$319$177$95$50$16
47 years$532$305$167$88$45$14
48 years$515$291$157$81$41$12
49 years$499$278$147$75$37$11
50 years$483$265$138$69$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $495,000, adding $2,063 every year, while hoping to spend $33,657 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: 64/9/27 Blend
44$495,000$495,000$495,000$495,000
45$547,618$521,383$513,710$578,629
46$567,664$511,120$495,109$589,594
47$588,627$499,226$474,756$597,666
48$610,565$485,586$452,558$605,747
49$633,540$470,077$428,416$613,845
50$657,620$452,570$402,228$621,965
51$682,880$432,928$373,885$630,117
52$709,398$411,007$343,275$638,313
53$737,263$386,652$310,281$646,566
54$766,569$359,703$274,780$654,895
55$797,418$329,987$236,644$663,319
56$829,923$297,325$195,739$671,863
57$864,204$261,523$151,926$680,557
58$900,396$222,381$105,059$689,433
59$938,643$179,684$54,985$698,533
60$979,102$133,206$1,545$707,901
61$1,021,947$82,710$0$717,591
62$1,067,367$27,943$0$743,648
63$1,115,566$0$0$771,672
64$1,166,770$0$0$804,455
65$1,221,225$0$0$842,280
66$1,279,202$0$0$882,571
67$1,340,995$0$0$925,534
68$1,406,927$0$0$971,396
69$1,477,352$0$0$1,020,408
70$1,552,658$0$0$1,072,842
71$1,633,271$0$0$1,128,997
72$1,719,658$0$0$1,189,202
73$1,812,329$0$0$1,253,816
74$1,911,847$0$0$1,323,236
75$2,018,827$0$0$1,397,895
76$2,133,946$0$0$1,478,269
77$2,257,948$0$0$1,564,881
78$2,391,647$0$0$1,658,307
79$2,535,940$0$0$1,759,177
80$2,691,811$0$0$1,868,185
81$2,860,344$0$0$1,986,094
82$3,042,727$0$0$2,113,741
83$3,240,268$0$0$2,252,047
84$3,454,405$0$0$2,402,026
85$3,686,717$0$0$2,564,791
86$3,938,945$0$0$2,741,567
87$4,212,999$0$0$2,933,703
88$4,510,984$0$0$3,142,680
89$4,835,213$0$0$3,370,129
90$5,188,233$0$0$3,617,846
91$5,572,846$0$0$3,887,804
92$5,992,134$0$0$4,182,178
93$6,449,493$0$0$4,503,359
94$6,948,656$0$0$4,853,980
95$7,493,734$0$0$5,236,940
96$8,089,255$0$0$5,655,429
97$8,740,201$0$0$6,112,961
98$9,452,057$0$0$6,613,402
99$10,230,863$0$0$7,161,011
100$11,083,271$0$0$7,760,476