Can I retire at age 45 with 500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$41,290$40,922$40,563$40,213$39,871$38,923
2 years$20,440$20,060$19,691$19,333$18,986$18,036
3 years$13,492$13,109$12,741$12,387$12,046$11,124
4 years$10,018$9,637$9,272$8,924$8,591$7,705
5 years$7,934$7,555$7,196$6,855$6,531$5,682
6 years$6,545$6,169$5,815$5,482$5,168$4,358
7 years$5,554$5,181$4,832$4,507$4,203$3,431
8 years$4,811$4,441$4,098$3,781$3,486$2,753
9 years$4,233$3,867$3,530$3,220$2,936$2,241
10 years$3,771$3,408$3,077$2,776$2,502$1,843
11 years$3,393$3,034$2,709$2,416$2,152$1,529
12 years$3,079$2,723$2,404$2,119$1,864$1,277
13 years$2,813$2,461$2,148$1,871$1,626$1,073
14 years$2,585$2,237$1,930$1,661$1,425$905
15 years$2,388$2,044$1,743$1,481$1,255$766
16 years$2,215$1,875$1,580$1,326$1,109$650
17 years$2,063$1,727$1,438$1,191$983$554
18 years$1,928$1,596$1,312$1,074$874$472
19 years$1,808$1,479$1,202$970$779$404
20 years$1,699$1,374$1,103$879$696$345
21 years$1,601$1,280$1,014$798$623$296
22 years$1,512$1,195$935$725$558$254
23 years$1,431$1,118$863$660$501$218
24 years$1,357$1,047$798$602$451$187
25 years$1,289$983$739$550$405$161
26 years$1,226$923$686$503$365$139
27 years$1,168$869$637$460$329$119
28 years$1,114$819$592$422$297$103
29 years$1,064$773$551$387$268$89
30 years$1,018$730$513$355$242$76
31 years$974$690$478$326$219$66
32 years$934$653$446$300$198$57
33 years$895$618$417$276$179$49
34 years$860$586$389$254$162$42
35 years$826$556$364$233$147$36
36 years$794$527$341$215$133$31
37 years$764$501$319$198$121$27
38 years$736$476$298$183$110$23
39 years$709$453$280$168$99$20
40 years$684$431$262$155$90$17
41 years$659$410$246$143$82$15
42 years$637$390$231$132$74$13
43 years$615$372$216$122$67$11
44 years$594$355$203$113$61$10
45 years$574$338$191$104$55$8
46 years$555$323$179$96$50$7
47 years$538$308$168$89$46$6
48 years$520$294$158$82$42$5
49 years$504$281$149$76$38$5
50 years$488$268$140$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $500,000, adding $3,305 every year, while hoping to spend $33,860 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: 67/24/9 Blend
44$500,000$500,000$500,000$500,000
45$554,409$527,909$520,159$590,348
46$574,932$517,750$501,558$604,491
47$596,414$505,958$481,198$615,583
48$618,915$492,418$458,986$626,820
49$642,505$477,007$434,823$638,210
50$667,256$459,595$408,604$649,765
51$693,246$440,045$380,222$661,500
52$720,562$418,212$349,565$673,430
53$749,297$393,942$316,513$685,576
54$779,553$367,073$280,944$697,959
55$811,441$337,434$242,729$710,608
56$845,081$304,841$201,734$723,552
57$880,605$269,104$157,818$736,827
58$918,157$230,020$110,834$750,475
59$957,892$187,374$60,630$764,544
60$999,981$140,940$7,046$779,087
61$1,044,612$90,478$0$794,167
62$1,091,988$35,738$0$814,670
63$1,142,333$0$0$836,897
64$1,195,890$0$0$866,499
65$1,252,926$0$0$908,092
66$1,313,735$0$0$952,454
67$1,378,635$0$0$999,821
68$1,447,979$0$0$1,050,451
69$1,522,151$0$0$1,104,627
70$1,601,573$0$0$1,162,661
71$1,686,706$0$0$1,224,894
72$1,778,059$0$0$1,291,698
73$1,876,188$0$0$1,363,486
74$1,981,705$0$0$1,440,707
75$2,095,279$0$0$1,523,856
76$2,217,649$0$0$1,613,477
77$2,349,623$0$0$1,710,166
78$2,492,091$0$0$1,814,578
79$2,646,028$0$0$1,927,435
80$2,812,509$0$0$2,049,528
81$2,992,713$0$0$2,181,728
82$3,187,938$0$0$2,324,991
83$3,399,610$0$0$2,480,370
84$3,629,297$0$0$2,649,022
85$3,878,725$0$0$2,832,220
86$4,149,791$0$0$3,031,363
87$4,444,581$0$0$3,247,991
88$4,765,392$0$0$3,483,800
89$5,114,752$0$0$3,740,654
90$5,495,439$0$0$4,020,604
91$5,910,515$0$0$4,325,909
92$6,363,346$0$0$4,659,053
93$6,857,640$0$0$5,022,774
94$7,397,477$0$0$5,420,081
95$7,987,348$0$0$5,854,291
96$8,632,200$0$0$6,329,053
97$9,337,475$0$0$6,848,386
98$10,109,169$0$0$7,416,715
99$10,953,884$0$0$8,038,912
100$11,878,887$0$0$8,720,342