Can I retire at age 45 with 501,000?

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 $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%14%
1 years$41,372$41,004$40,644$40,293$39,950$39,289
2 years$20,481$20,100$19,730$19,372$19,024$18,359
3 years$13,519$13,135$12,767$12,412$12,070$11,422
4 years$10,038$9,656$9,291$8,942$8,608$7,984
5 years$7,950$7,570$7,210$6,868$6,544$5,944
6 years$6,559$6,182$5,827$5,493$5,178$4,603
7 years$5,565$5,191$4,842$4,516$4,211$3,661
8 years$4,820$4,450$4,107$3,788$3,493$2,969
9 years$4,241$3,875$3,537$3,227$2,942$2,443
10 years$3,778$3,415$3,084$2,781$2,507$2,032
11 years$3,400$3,040$2,715$2,421$2,156$1,705
12 years$3,085$2,729$2,409$2,123$1,868$1,441
13 years$2,818$2,466$2,153$1,875$1,629$1,224
14 years$2,590$2,242$1,934$1,664$1,428$1,045
15 years$2,392$2,048$1,746$1,484$1,257$896
16 years$2,220$1,879$1,583$1,329$1,111$771
17 years$2,067$1,730$1,441$1,194$985$665
18 years$1,932$1,599$1,315$1,076$876$574
19 years$1,811$1,482$1,204$972$781$498
20 years$1,703$1,377$1,105$880$698$432
21 years$1,605$1,283$1,016$799$624$375
22 years$1,516$1,197$937$727$560$326
23 years$1,434$1,120$865$662$502$284
24 years$1,360$1,049$800$604$451$248
25 years$1,292$985$741$551$406$216
26 years$1,229$925$687$504$366$189
27 years$1,171$871$638$461$330$165
28 years$1,117$821$593$423$298$144
29 years$1,067$774$552$388$269$126
30 years$1,020$731$514$356$243$110
31 years$976$691$479$327$220$96
32 years$935$654$447$300$199$84
33 years$897$619$418$276$180$74
34 years$861$587$390$254$163$65
35 years$828$557$365$234$147$57
36 years$796$528$341$215$134$50
37 years$766$502$319$198$121$43
38 years$737$477$299$183$110$38
39 years$710$454$280$169$100$33
40 years$685$432$263$156$90$29
41 years$661$411$246$144$82$26
42 years$638$391$231$132$74$22
43 years$616$373$217$122$67$20
44 years$595$355$203$113$61$17
45 years$575$339$191$104$56$15
46 years$557$323$179$96$50$13
47 years$539$308$169$89$46$12
48 years$521$294$158$82$42$10
49 years$505$281$149$76$38$9
50 years$489$269$140$70$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $501,000, adding $3,811 every year, while hoping to spend $36,956 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: 35/44/21 Blend
44$501,000$501,000$501,000$501,000
45$556,033$529,480$521,715$571,826
46$573,428$516,104$499,871$570,401
47$591,358$500,833$476,057$565,180
48$609,839$483,537$450,168$558,788
49$628,888$464,075$422,094$551,144
50$648,520$442,301$391,719$542,161
51$668,752$418,057$358,925$531,748
52$689,602$391,179$323,586$519,807
53$711,086$361,491$285,572$506,236
54$733,223$328,811$244,745$490,928
55$756,031$292,941$200,962$473,769
56$779,527$253,677$154,076$454,638
57$803,732$210,799$103,930$433,408
58$828,662$164,078$50,362$409,945
59$854,339$113,271$0$384,108
60$880,781$58,121$0$357,272
61$908,008$0$0$339,897
62$936,040$0$0$321,356
63$964,897$0$0$331,236
64$994,598$0$0$341,403
65$1,025,165$0$0$351,863
66$1,056,617$0$0$362,622
67$1,088,973$0$0$373,687
68$1,122,254$0$0$385,065
69$1,156,480$0$0$396,760
70$1,191,668$0$0$408,779
71$1,227,839$0$0$421,129
72$1,265,009$0$0$433,813
73$1,303,197$0$0$446,838
74$1,342,418$0$0$460,208
75$1,382,688$0$0$473,927
76$1,424,021$0$0$487,999
77$1,466,430$0$0$502,426
78$1,509,924$0$0$517,212
79$1,554,514$0$0$532,357
80$1,600,205$0$0$547,863
81$1,647,000$0$0$563,728
82$1,694,902$0$0$579,951
83$1,743,906$0$0$596,528
84$1,794,007$0$0$613,455
85$1,845,194$0$0$630,725
86$1,897,449$0$0$648,330
87$1,950,752$0$0$666,258
88$2,005,075$0$0$684,496
89$2,060,382$0$0$703,029
90$2,116,630$0$0$721,836
91$2,173,767$0$0$740,896
92$2,231,731$0$0$760,181
93$2,290,449$0$0$779,659
94$2,349,835$0$0$799,296
95$2,409,790$0$0$819,049
96$2,470,199$0$0$838,871
97$2,530,930$0$0$858,708
98$2,591,832$0$0$878,497
99$2,652,733$0$0$898,170
100$2,713,436$0$0$917,646