Can I retire at age 45 with 502,000?

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 $502,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$41,455$41,085$40,725$40,374$40,030$39,811
2 years$20,522$20,140$19,770$19,410$19,062$18,841
3 years$13,546$13,162$12,792$12,436$12,094$11,878
4 years$10,058$9,675$9,309$8,960$8,625$8,416
5 years$7,966$7,585$7,224$6,882$6,557$6,354
6 years$6,572$6,194$5,838$5,504$5,188$4,993
7 years$5,576$5,202$4,852$4,525$4,219$4,032
8 years$4,830$4,459$4,115$3,796$3,500$3,320
9 years$4,250$3,882$3,544$3,233$2,948$2,775
10 years$3,786$3,422$3,090$2,787$2,512$2,347
11 years$3,407$3,046$2,720$2,425$2,160$2,002
12 years$3,091$2,734$2,414$2,127$1,872$1,721
13 years$2,824$2,471$2,157$1,878$1,632$1,489
14 years$2,595$2,246$1,938$1,667$1,431$1,294
15 years$2,397$2,052$1,750$1,487$1,260$1,130
16 years$2,224$1,883$1,586$1,331$1,114$990
17 years$2,071$1,734$1,443$1,196$987$870
18 years$1,936$1,602$1,318$1,078$878$766
19 years$1,815$1,485$1,206$974$782$677
20 years$1,706$1,380$1,107$882$699$599
21 years$1,608$1,285$1,018$801$625$531
22 years$1,519$1,200$939$728$561$471
23 years$1,437$1,122$867$663$503$419
24 years$1,363$1,051$801$605$452$373
25 years$1,294$987$742$552$407$332
26 years$1,231$927$688$505$367$296
27 years$1,173$873$639$462$331$265
28 years$1,119$822$594$423$298$236
29 years$1,069$776$553$388$269$211
30 years$1,022$733$515$356$243$189
31 years$978$693$480$327$220$169
32 years$937$655$448$301$199$151
33 years$899$621$418$277$180$135
34 years$863$588$391$255$163$121
35 years$829$558$365$234$148$109
36 years$797$529$342$216$134$97
37 years$767$503$320$199$121$87
38 years$739$478$300$183$110$78
39 years$712$454$281$169$100$70
40 years$686$432$263$156$90$63
41 years$662$412$247$144$82$57
42 years$639$392$231$133$74$51
43 years$617$373$217$122$68$46
44 years$596$356$204$113$61$41
45 years$577$339$191$104$56$37
46 years$558$324$180$96$51$33
47 years$540$309$169$89$46$30
48 years$522$295$159$82$42$27
49 years$506$282$149$76$38$24
50 years$490$269$140$70$34$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $502,000, adding $4,432 every year, while hoping to spend $38,548 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: 79/13/8 Blend
44$502,000$502,000$502,000$502,000
45$557,776$531,170$523,389$600,888
46$573,654$516,182$499,907$614,812
47$589,860$499,168$474,348$624,603
48$606,386$479,988$446,599$634,200
49$623,224$458,494$416,546$643,565
50$640,360$434,528$384,068$652,658
51$657,783$407,925$349,040$661,432
52$675,473$378,510$311,329$669,840
53$693,412$346,098$270,799$677,825
54$711,575$310,492$227,306$685,330
55$729,935$271,485$180,701$692,290
56$748,460$228,860$130,826$698,634
57$767,113$182,384$77,518$704,285
58$785,851$131,813$20,608$709,159
59$804,626$76,890$0$713,164
60$823,383$17,342$0$719,625
61$842,058$0$0$727,107
62$860,581$0$0$740,486
63$878,871$0$0$756,134
64$896,837$0$0$771,492
65$914,379$0$0$786,471
66$931,380$0$0$800,971
67$947,714$0$0$814,880
68$963,235$0$0$828,072
69$977,784$0$0$840,407
70$991,180$0$0$851,728
71$1,003,223$0$0$861,860
72$1,013,689$0$0$870,608
73$1,022,328$0$0$877,755
74$1,028,864$0$0$883,059
75$1,032,988$0$0$886,251
76$1,034,357$0$0$887,031
77$1,032,589$0$0$885,068
78$1,027,262$0$0$879,993
79$1,017,906$0$0$871,397
80$1,004,001$0$0$858,826
81$984,968$0$0$841,777
82$960,169$0$0$819,692
83$928,895$0$0$791,955
84$890,360$0$0$757,880
85$843,697$0$0$716,713
86$787,943$0$0$667,614
87$722,035$0$0$609,658
88$644,797$0$0$541,820
89$554,928$0$0$462,966
90$450,989$0$0$371,845
91$331,392$0$0$267,071
92$194,379$0$0$147,116
93$38,010$0$0$10,288
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0