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%18.9%
1 years$41,042$40,676$40,320$39,971$39,631$38,210
2 years$20,318$19,939$19,573$19,217$18,872$17,456
3 years$13,411$13,031$12,665$12,313$11,973$10,606
4 years$9,958$9,579$9,217$8,870$8,539$7,232
5 years$7,887$7,510$7,153$6,813$6,492$5,247
6 years$6,506$6,132$5,780$5,449$5,137$3,956
7 years$5,521$5,150$4,803$4,480$4,177$3,061
8 years$4,782$4,415$4,074$3,758$3,466$2,412
9 years$4,207$3,844$3,509$3,201$2,918$1,926
10 years$3,748$3,388$3,059$2,759$2,487$1,554
11 years$3,373$3,016$2,693$2,401$2,139$1,264
12 years$3,060$2,707$2,390$2,106$1,853$1,034
13 years$2,796$2,446$2,135$1,860$1,616$850
14 years$2,569$2,224$1,919$1,651$1,417$702
15 years$2,373$2,031$1,732$1,472$1,247$581
16 years$2,202$1,864$1,571$1,318$1,102$483
17 years$2,051$1,716$1,429$1,184$977$402
18 years$1,917$1,586$1,305$1,067$869$335
19 years$1,797$1,470$1,194$964$775$280
20 years$1,689$1,366$1,096$873$692$234
21 years$1,592$1,272$1,008$793$619$196
22 years$1,503$1,188$929$721$555$164
23 years$1,423$1,111$858$656$498$137
24 years$1,349$1,041$793$599$448$115
25 years$1,281$977$735$547$403$97
26 years$1,219$918$682$500$363$81
27 years$1,161$864$633$458$327$68
28 years$1,108$814$588$419$295$57
29 years$1,058$768$548$384$267$48
30 years$1,012$725$510$353$241$40
31 years$968$686$475$324$218$34
32 years$928$649$444$298$197$28
33 years$890$614$414$274$178$24
34 years$854$582$387$252$161$20
35 years$821$552$362$232$146$17
36 years$789$524$338$214$132$14
37 years$760$498$317$197$120$12
38 years$731$473$297$181$109$10
39 years$705$450$278$167$99$8
40 years$679$428$261$154$90$7
41 years$656$407$244$142$81$6
42 years$633$388$229$131$74$5
43 years$611$370$215$121$67$4
44 years$591$352$202$112$61$4
45 years$571$336$190$103$55$3
46 years$552$321$178$96$50$3
47 years$534$306$167$88$45$2
48 years$517$292$157$82$41$2
49 years$501$279$148$75$37$1
50 years$485$266$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $497,000, adding $4,196 every year, while hoping to spend $37,162 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: 84/7/9 Blend
44$497,000$497,000$497,000$497,000
45$552,022$525,681$517,978$597,378
46$568,788$511,899$495,790$613,863
47$586,019$496,197$471,613$626,526
48$603,723$478,440$445,342$639,285
49$621,907$458,488$416,865$652,126
50$640,579$436,192$386,068$665,035
51$659,745$411,393$352,829$677,994
52$679,413$383,924$317,021$690,986
53$699,585$353,609$278,514$703,990
54$720,268$320,261$237,170$716,984
55$741,465$283,683$192,844$729,943
56$763,177$243,666$145,387$742,840
57$785,405$199,989$94,641$755,645
58$808,148$152,421$40,444$768,326
59$831,404$100,715$0$780,845
60$855,169$44,611$0$794,834
61$879,434$0$0$812,832
62$904,192$0$0$832,166
63$929,429$0$0$855,375
64$955,129$0$0$879,009
65$981,275$0$0$903,049
66$1,007,842$0$0$927,475
67$1,034,803$0$0$952,261
68$1,062,126$0$0$977,375
69$1,089,771$0$0$1,002,782
70$1,117,694$0$0$1,028,441
71$1,145,843$0$0$1,054,303
72$1,174,159$0$0$1,080,313
73$1,202,573$0$0$1,106,409
74$1,231,009$0$0$1,132,517
75$1,259,376$0$0$1,158,556
76$1,287,576$0$0$1,184,432
77$1,315,493$0$0$1,210,040
78$1,343,001$0$0$1,235,261
79$1,369,954$0$0$1,259,962
80$1,396,191$0$0$1,283,991
81$1,421,528$0$0$1,307,179
82$1,445,762$0$0$1,329,338
83$1,468,664$0$0$1,350,255
84$1,489,978$0$0$1,369,693
85$1,509,418$0$0$1,387,388
86$1,526,667$0$0$1,403,045
87$1,541,369$0$0$1,416,334
88$1,553,128$0$0$1,426,889
89$1,561,504$0$0$1,434,302
90$1,566,009$0$0$1,438,120
91$1,566,097$0$0$1,437,840
92$1,561,166$0$0$1,432,902
93$1,550,545$0$0$1,422,685
94$1,533,490$0$0$1,406,499
95$1,509,176$0$0$1,383,582
96$1,476,689$0$0$1,353,087
97$1,435,016$0$0$1,314,075
98$1,383,036$0$0$1,265,507
99$1,319,505$0$0$1,206,233
100$1,243,049$0$0$1,134,980