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%17.4%
1 years$41,372$41,004$40,644$40,293$39,950$38,749
2 years$20,481$20,100$19,730$19,372$19,024$17,824
3 years$13,519$13,135$12,767$12,412$12,070$10,908
4 years$10,038$9,656$9,291$8,942$8,608$7,494
5 years$7,950$7,570$7,210$6,868$6,544$5,481
6 years$6,559$6,182$5,827$5,493$5,178$4,166
7 years$5,565$5,191$4,842$4,516$4,211$3,251
8 years$4,820$4,450$4,107$3,788$3,493$2,585
9 years$4,241$3,875$3,537$3,227$2,942$2,083
10 years$3,778$3,415$3,084$2,781$2,507$1,697
11 years$3,400$3,040$2,715$2,421$2,156$1,393
12 years$3,085$2,729$2,409$2,123$1,868$1,152
13 years$2,818$2,466$2,153$1,875$1,629$957
14 years$2,590$2,242$1,934$1,664$1,428$798
15 years$2,392$2,048$1,746$1,484$1,257$668
16 years$2,220$1,879$1,583$1,329$1,111$561
17 years$2,067$1,730$1,441$1,194$985$472
18 years$1,932$1,599$1,315$1,076$876$398
19 years$1,811$1,482$1,204$972$781$336
20 years$1,703$1,377$1,105$880$698$284
21 years$1,605$1,283$1,016$799$624$240
22 years$1,516$1,197$937$727$560$204
23 years$1,434$1,120$865$662$502$173
24 years$1,360$1,049$800$604$451$147
25 years$1,292$985$741$551$406$124
26 years$1,229$925$687$504$366$106
27 years$1,171$871$638$461$330$90
28 years$1,117$821$593$423$298$76
29 years$1,067$774$552$388$269$65
30 years$1,020$731$514$356$243$55
31 years$976$691$479$327$220$47
32 years$935$654$447$300$199$40
33 years$897$619$418$276$180$34
34 years$861$587$390$254$163$29
35 years$828$557$365$234$147$25
36 years$796$528$341$215$134$21
37 years$766$502$319$198$121$18
38 years$737$477$299$183$110$15
39 years$710$454$280$169$100$13
40 years$685$432$263$156$90$11
41 years$661$411$246$144$82$9
42 years$638$391$231$132$74$8
43 years$616$373$217$122$67$7
44 years$595$355$203$113$61$6
45 years$575$339$191$104$56$5
46 years$557$323$179$96$50$4
47 years$539$308$169$89$46$4
48 years$521$294$158$82$42$3
49 years$505$281$149$76$38$3
50 years$489$269$140$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $501,000, adding $4,021 every year, while hoping to spend $34,631 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: 47/26/27 Blend
44$501,000$501,000$501,000$501,000
45$556,250$529,697$521,931$577,927
46$576,140$518,805$502,569$582,713
47$596,898$506,218$481,397$584,205
48$618,577$491,818$458,319$585,149
49$641,232$475,477$433,232$585,512
50$664,924$457,062$406,032$585,259
51$689,718$436,430$376,606$584,355
52$715,686$413,432$344,839$582,762
53$742,905$387,908$310,610$580,445
54$771,458$359,692$273,792$577,364
55$801,435$328,606$234,253$573,483
56$832,937$294,463$191,855$568,763
57$866,068$257,063$146,454$563,164
58$900,946$216,199$97,900$556,648
59$937,698$171,648$46,035$549,177
60$976,462$123,177$0$540,713
61$1,017,387$70,539$0$533,903
62$1,060,639$13,474$0$540,354
63$1,106,396$0$0$546,808
64$1,154,854$0$0$567,103
65$1,206,226$0$0$592,733
66$1,260,745$0$0$619,962
67$1,318,668$0$0$648,922
68$1,380,272$0$0$679,756
69$1,445,864$0$0$712,622
70$1,515,777$0$0$747,691
71$1,590,378$0$0$785,152
72$1,670,068$0$0$825,211
73$1,755,287$0$0$868,096
74$1,846,517$0$0$914,055
75$1,944,286$0$0$963,360
76$2,049,174$0$0$1,016,311
77$2,161,818$0$0$1,073,235
78$2,282,916$0$0$1,134,493
79$2,413,235$0$0$1,200,481
80$2,553,616$0$0$1,271,633
81$2,704,984$0$0$1,348,427
82$2,868,355$0$0$1,431,386
83$3,044,846$0$0$1,521,089
84$3,235,681$0$0$1,618,168
85$3,442,210$0$0$1,723,319
86$3,665,915$0$0$1,837,309
87$3,908,424$0$0$1,960,980
88$4,171,529$0$0$2,095,257
89$4,457,202$0$0$2,241,160
90$4,767,608$0$0$2,399,809
91$5,105,133$0$0$2,572,436
92$5,472,399$0$0$2,760,399
93$5,872,293$0$0$2,965,189
94$6,307,989$0$0$3,188,450
95$6,782,983$0$0$3,431,989
96$7,301,121$0$0$3,697,796
97$7,866,637$0$0$3,988,061
98$8,484,191$0$0$4,305,196
99$9,158,912$0$0$4,651,855
100$9,896,449$0$0$5,030,959