Can I retire at age 45 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$41,372$41,004$40,644$40,293$39,950$39,616
2 years$20,481$20,100$19,730$19,372$19,024$18,687
3 years$13,519$13,135$12,767$12,412$12,070$11,740
4 years$10,038$9,656$9,291$8,942$8,608$8,289
5 years$7,950$7,570$7,210$6,868$6,544$6,236
6 years$6,559$6,182$5,827$5,493$5,178$4,882
7 years$5,565$5,191$4,842$4,516$4,211$3,927
8 years$4,820$4,450$4,107$3,788$3,493$3,221
9 years$4,241$3,875$3,537$3,227$2,942$2,681
10 years$3,778$3,415$3,084$2,781$2,507$2,257
11 years$3,400$3,040$2,715$2,421$2,156$1,918
12 years$3,085$2,729$2,409$2,123$1,868$1,642
13 years$2,818$2,466$2,153$1,875$1,629$1,413
14 years$2,590$2,242$1,934$1,664$1,428$1,223
15 years$2,392$2,048$1,746$1,484$1,257$1,063
16 years$2,220$1,879$1,583$1,329$1,111$927
17 years$2,067$1,730$1,441$1,194$985$810
18 years$1,932$1,599$1,315$1,076$876$711
19 years$1,811$1,482$1,204$972$781$624
20 years$1,703$1,377$1,105$880$698$550
21 years$1,605$1,283$1,016$799$624$485
22 years$1,516$1,197$937$727$560$428
23 years$1,434$1,120$865$662$502$379
24 years$1,360$1,049$800$604$451$335
25 years$1,292$985$741$551$406$297
26 years$1,229$925$687$504$366$264
27 years$1,171$871$638$461$330$234
28 years$1,117$821$593$423$298$208
29 years$1,067$774$552$388$269$185
30 years$1,020$731$514$356$243$164
31 years$976$691$479$327$220$146
32 years$935$654$447$300$199$130
33 years$897$619$418$276$180$116
34 years$861$587$390$254$163$103
35 years$828$557$365$234$147$92
36 years$796$528$341$215$134$82
37 years$766$502$319$198$121$73
38 years$737$477$299$183$110$65
39 years$710$454$280$169$100$58
40 years$685$432$263$156$90$52
41 years$661$411$246$144$82$46
42 years$638$391$231$132$74$41
43 years$616$373$217$122$67$37
44 years$595$355$203$113$61$33
45 years$575$339$191$104$56$29
46 years$557$323$179$96$50$26
47 years$539$308$169$89$46$23
48 years$521$294$158$82$42$21
49 years$505$281$149$76$38$18
50 years$489$269$140$70$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $501,000, adding $5,598 every year, while hoping to spend $36,139 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: 36/50/14 Blend
44$501,000$501,000$501,000$501,000
45$557,876$531,323$523,558$575,373
46$576,328$518,907$502,645$576,069
47$595,451$504,670$479,821$572,966
48$615,274$488,487$454,983$568,831
49$635,832$470,222$428,024$563,591
50$657,156$449,732$398,832$557,168
51$679,284$426,868$367,292$549,481
52$702,256$401,468$333,280$540,444
53$726,111$373,365$296,670$529,967
54$750,894$342,381$257,329$517,954
55$776,654$308,325$215,117$504,306
56$803,439$271,000$169,891$488,917
57$831,305$230,194$121,497$471,676
58$860,309$185,685$69,779$452,467
59$890,515$137,237$14,570$431,167
60$921,989$84,603$0$407,648
61$954,803$27,521$0$388,400
62$989,036$0$0$369,411
63$1,024,771$0$0$367,246
64$1,062,099$0$0$380,816
65$1,101,118$0$0$395,019
66$1,141,933$0$0$409,894
67$1,184,659$0$0$425,485
68$1,229,420$0$0$441,841
69$1,276,350$0$0$459,014
70$1,325,596$0$0$477,059
71$1,377,314$0$0$496,039
72$1,431,678$0$0$516,020
73$1,488,875$0$0$537,074
74$1,549,106$0$0$559,281
75$1,612,596$0$0$582,727
76$1,679,583$0$0$607,506
77$1,750,333$0$0$633,721
78$1,825,130$0$0$661,484
79$1,904,290$0$0$690,917
80$1,988,153$0$0$722,153
81$2,077,093$0$0$755,340
82$2,171,519$0$0$790,637
83$2,271,878$0$0$828,220
84$2,378,656$0$0$868,279
85$2,492,391$0$0$911,025
86$2,613,666$0$0$956,688
87$2,743,123$0$0$1,005,520
88$2,881,466$0$0$1,057,797
89$3,029,463$0$0$1,113,823
90$3,187,960$0$0$1,173,929
91$3,357,882$0$0$1,238,480
92$3,540,246$0$0$1,307,877
93$3,736,167$0$0$1,382,560
94$3,946,869$0$0$1,463,010
95$4,173,695$0$0$1,549,759
96$4,418,120$0$0$1,643,388
97$4,681,767$0$0$1,744,536
98$4,966,415$0$0$1,853,908
99$5,274,021$0$0$1,972,276
100$5,606,735$0$0$2,100,489