Can I retire at age 45 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$40,959$40,594$40,238$39,891$39,552$38,627
2 years$20,277$19,899$19,533$19,178$18,834$17,908
3 years$13,384$13,004$12,639$12,288$11,949$11,050
4 years$9,938$9,560$9,198$8,853$8,522$7,657
5 years$7,871$7,495$7,138$6,800$6,478$5,650
6 years$6,493$6,120$5,769$5,438$5,126$4,335
7 years$5,510$5,140$4,794$4,471$4,169$3,416
8 years$4,772$4,406$4,066$3,750$3,459$2,743
9 years$4,199$3,836$3,502$3,194$2,913$2,233
10 years$3,741$3,381$3,053$2,754$2,482$1,838
11 years$3,366$3,010$2,688$2,397$2,134$1,526
12 years$3,054$2,702$2,385$2,102$1,850$1,276
13 years$2,790$2,441$2,131$1,856$1,613$1,072
14 years$2,564$2,219$1,915$1,647$1,414$905
15 years$2,368$2,027$1,729$1,469$1,245$766
16 years$2,197$1,860$1,567$1,315$1,100$651
17 years$2,047$1,713$1,426$1,182$976$555
18 years$1,913$1,583$1,302$1,065$867$474
19 years$1,793$1,467$1,192$962$773$405
20 years$1,686$1,363$1,094$872$691$347
21 years$1,589$1,270$1,006$791$618$298
22 years$1,500$1,185$927$719$554$255
23 years$1,420$1,109$856$655$497$220
24 years$1,346$1,039$792$597$447$189
25 years$1,279$975$733$546$402$163
26 years$1,216$916$680$499$362$140
27 years$1,159$862$632$457$327$121
28 years$1,105$812$587$418$295$104
29 years$1,056$766$546$384$266$90
30 years$1,010$724$509$352$240$77
31 years$966$684$475$323$217$67
32 years$926$647$443$297$197$58
33 years$888$613$413$273$178$50
34 years$853$581$386$251$161$43
35 years$819$551$361$231$146$37
36 years$788$523$338$213$132$32
37 years$758$497$316$196$120$28
38 years$730$472$296$181$109$24
39 years$703$449$277$167$99$21
40 years$678$427$260$154$89$18
41 years$654$407$244$142$81$15
42 years$631$387$229$131$74$13
43 years$610$369$215$121$67$11
44 years$589$352$201$112$61$10
45 years$570$335$189$103$55$9
46 years$551$320$178$95$50$7
47 years$533$305$167$88$45$6
48 years$516$291$157$81$41$6
49 years$500$278$147$75$37$5
50 years$484$266$139$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $496,000, adding $2,783 every year, while hoping to spend $30,063 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: 67/13/20 Blend
44$496,000$496,000$496,000$496,000
45$549,463$523,175$515,487$583,353
46$573,521$516,823$500,769$600,046
47$599,026$509,153$484,550$614,561
48$626,093$500,068$466,749$629,711
49$654,848$489,466$447,279$645,560
50$685,431$477,238$426,051$662,175
51$717,993$463,270$402,972$679,634
52$752,700$447,442$377,942$698,023
53$789,732$429,624$350,861$717,437
54$829,291$409,681$321,620$737,983
55$871,593$387,470$290,109$759,779
56$916,877$362,838$256,210$782,957
57$965,407$335,625$219,801$807,664
58$1,017,470$305,662$180,756$834,062
59$1,073,381$272,769$138,940$862,334
60$1,133,487$236,756$94,216$892,679
61$1,198,168$197,422$46,438$925,323
62$1,267,843$154,558$0$960,514
63$1,342,969$107,937$0$999,498
64$1,424,052$57,326$0$1,052,248
65$1,511,643$2,473$0$1,109,220
66$1,606,353$0$0$1,170,826
67$1,708,850$0$0$1,245,659
68$1,819,868$0$0$1,327,123
69$1,940,217$0$0$1,415,460
70$2,070,786$0$0$1,511,326
71$2,212,551$0$0$1,615,442
72$2,366,589$0$0$1,728,601
73$2,534,082$0$0$1,851,678
74$2,716,331$0$0$1,985,630
75$2,914,769$0$0$2,131,517
76$3,130,970$0$0$2,290,499
77$3,366,669$0$0$2,463,856
78$3,623,774$0$0$2,652,998
79$3,904,386$0$0$2,859,473
80$4,210,816$0$0$3,084,989
81$4,545,610$0$0$3,331,424
82$4,911,569$0$0$3,600,846
83$5,311,779$0$0$3,895,531
84$5,749,636$0$0$4,217,988
85$6,228,880$0$0$4,570,976
86$6,753,629$0$0$4,957,536
87$7,328,420$0$0$5,381,015
88$7,958,245$0$0$5,845,100
89$8,648,606$0$0$6,353,851
90$9,405,560$0$0$6,911,740
91$10,235,779$0$0$7,523,693
92$11,146,613$0$0$8,195,133
93$12,146,156$0$0$8,932,037
94$13,243,323$0$0$9,740,987
95$14,447,937$0$0$10,629,234
96$15,770,816$0$0$11,604,763
97$17,223,877$0$0$12,676,373
98$18,820,251$0$0$13,853,758
99$20,574,401$0$0$15,147,594
100$22,502,260$0$0$16,569,646