Can I retire at age 45 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$41,042$40,676$40,320$39,971$39,631$39,349
2 years$20,318$19,939$19,573$19,217$18,872$18,587
3 years$13,411$13,031$12,665$12,313$11,973$11,695
4 years$9,958$9,579$9,217$8,870$8,539$8,269
5 years$7,887$7,510$7,153$6,813$6,492$6,231
6 years$6,506$6,132$5,780$5,449$5,137$4,886
7 years$5,521$5,150$4,803$4,480$4,177$3,936
8 years$4,782$4,415$4,074$3,758$3,466$3,234
9 years$4,207$3,844$3,509$3,201$2,918$2,697
10 years$3,748$3,388$3,059$2,759$2,487$2,275
11 years$3,373$3,016$2,693$2,401$2,139$1,936
12 years$3,060$2,707$2,390$2,106$1,853$1,660
13 years$2,796$2,446$2,135$1,860$1,616$1,432
14 years$2,569$2,224$1,919$1,651$1,417$1,242
15 years$2,373$2,031$1,732$1,472$1,247$1,081
16 years$2,202$1,864$1,571$1,318$1,102$945
17 years$2,051$1,716$1,429$1,184$977$828
18 years$1,917$1,586$1,305$1,067$869$728
19 years$1,797$1,470$1,194$964$775$641
20 years$1,689$1,366$1,096$873$692$565
21 years$1,592$1,272$1,008$793$619$500
22 years$1,503$1,188$929$721$555$442
23 years$1,423$1,111$858$656$498$392
24 years$1,349$1,041$793$599$448$348
25 years$1,281$977$735$547$403$309
26 years$1,219$918$682$500$363$275
27 years$1,161$864$633$458$327$244
28 years$1,108$814$588$419$295$218
29 years$1,058$768$548$384$267$194
30 years$1,012$725$510$353$241$173
31 years$968$686$475$324$218$154
32 years$928$649$444$298$197$137
33 years$890$614$414$274$178$123
34 years$854$582$387$252$161$110
35 years$821$552$362$232$146$98
36 years$789$524$338$214$132$87
37 years$760$498$317$197$120$78
38 years$731$473$297$181$109$70
39 years$705$450$278$167$99$62
40 years$679$428$261$154$90$56
41 years$656$407$244$142$81$50
42 years$633$388$229$131$74$45
43 years$611$370$215$121$67$40
44 years$591$352$202$112$61$36
45 years$571$336$190$103$55$32
46 years$552$321$178$96$50$29
47 years$534$306$167$88$45$26
48 years$517$292$157$82$41$23
49 years$501$279$148$75$37$20
50 years$485$266$139$70$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $497,000, adding $3,801 every year, while hoping to spend $23,568 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: 62/32/6 Blend
44$497,000$497,000$497,000$497,000
45$551,615$525,274$517,570$584,986
46$582,803$525,936$509,833$608,385
47$616,383$525,841$501,046$630,815
48$652,573$524,926$491,150$654,687
49$691,615$523,126$480,082$680,139
50$733,771$520,371$467,777$707,324
51$779,333$516,587$454,165$736,412
52$828,620$511,695$439,175$767,590
53$881,983$505,612$422,731$801,065
54$939,808$498,249$404,755$837,066
55$1,002,518$489,513$385,164$875,847
56$1,070,581$479,305$363,872$917,688
57$1,144,509$467,519$340,791$962,898
58$1,224,866$454,045$315,825$1,011,820
59$1,312,274$438,765$288,876$1,064,833
60$1,407,415$421,554$259,843$1,122,355
61$1,511,042$402,280$228,618$1,184,850
62$1,623,980$380,804$195,089$1,252,827
63$1,747,141$356,978$159,139$1,326,853
64$1,881,526$330,646$120,647$1,407,553
65$2,028,237$301,644$79,484$1,495,616
66$2,188,489$269,797$35,519$1,591,805
67$2,363,619$234,920$0$1,696,963
68$2,555,096$196,820$0$1,812,751
69$2,764,541$155,289$0$1,941,941
70$2,993,738$110,112$0$2,083,403
71$3,244,650$61,058$0$2,238,401
72$3,519,440$7,886$0$2,408,332
73$3,820,489$0$0$2,594,737
74$4,150,421$0$0$2,816,804
75$4,512,123$0$0$3,063,337
76$4,908,777$0$0$3,333,732
77$5,343,886$0$0$3,630,382
78$5,821,312$0$0$3,955,924
79$6,345,303$0$0$4,313,260
80$6,920,543$0$0$4,705,591
81$7,552,191$0$0$5,136,440
82$8,245,927$0$0$5,609,688
83$9,008,013$0$0$6,129,611
84$9,845,342$0$0$6,700,920
85$10,765,513$0$0$7,328,804
86$11,776,893$0$0$8,018,980
87$12,888,703$0$0$8,777,748
88$14,111,100$0$0$9,612,046
89$15,455,275$0$0$10,529,521
90$16,933,560$0$0$11,538,594
91$18,559,537$0$0$12,648,547
92$20,348,175$0$0$13,869,606
93$22,315,964$0$0$15,213,036
94$24,481,074$0$0$16,691,251
95$26,863,526$0$0$18,317,929
96$29,485,377$0$0$20,108,139
97$32,370,932$0$0$22,078,486
98$35,546,973$0$0$24,247,267
99$39,043,007$0$0$26,634,642
100$42,891,550$0$0$29,262,826