Can I retire at age 45 with 503,000?

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 $503,000?

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$41,537$41,167$40,806$40,454$40,110$38,904
2 years$20,563$20,180$19,809$19,449$19,100$17,895
3 years$13,572$13,188$12,818$12,461$12,118$10,952
4 years$10,078$9,694$9,328$8,978$8,643$7,524
5 years$7,982$7,601$7,239$6,896$6,570$5,503
6 years$6,585$6,206$5,850$5,514$5,199$4,183
7 years$5,587$5,212$4,861$4,534$4,228$3,264
8 years$4,839$4,468$4,123$3,803$3,507$2,595
9 years$4,258$3,890$3,551$3,240$2,954$2,092
10 years$3,793$3,429$3,096$2,793$2,517$1,704
11 years$3,413$3,053$2,726$2,430$2,164$1,399
12 years$3,097$2,740$2,419$2,132$1,876$1,156
13 years$2,829$2,476$2,161$1,882$1,636$960
14 years$2,600$2,251$1,942$1,671$1,434$801
15 years$2,402$2,056$1,753$1,490$1,262$671
16 years$2,228$1,886$1,589$1,334$1,116$563
17 years$2,076$1,737$1,446$1,199$989$474
18 years$1,940$1,605$1,320$1,080$880$399
19 years$1,819$1,488$1,209$976$784$337
20 years$1,710$1,382$1,109$884$700$285
21 years$1,611$1,288$1,020$802$627$241
22 years$1,522$1,202$940$729$562$205
23 years$1,440$1,124$868$664$504$173
24 years$1,365$1,053$803$606$453$147
25 years$1,297$989$744$553$408$125
26 years$1,234$929$690$506$367$106
27 years$1,175$874$641$463$331$90
28 years$1,121$824$595$424$299$77
29 years$1,071$777$554$389$270$65
30 years$1,024$734$516$357$244$55
31 years$980$694$481$328$220$47
32 years$939$657$449$301$199$40
33 years$901$622$419$277$180$34
34 years$865$589$392$255$163$29
35 years$831$559$366$235$148$25
36 years$799$531$343$216$134$21
37 years$769$504$321$199$122$18
38 years$740$479$300$184$110$15
39 years$713$455$281$169$100$13
40 years$688$433$264$156$91$11
41 years$663$412$247$144$82$9
42 years$640$393$232$133$75$8
43 years$618$374$218$123$68$7
44 years$598$357$204$113$61$6
45 years$578$340$192$105$56$5
46 years$559$324$180$97$51$4
47 years$541$310$169$89$46$4
48 years$523$296$159$83$42$3
49 years$507$282$149$76$38$3
50 years$491$270$141$71$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $503,000, adding $5,724 every year, while hoping to spend $31,587 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: 56/21/23 Blend
44$503,000$503,000$503,000$503,000
45$560,210$533,551$525,755$587,784
46$583,743$526,087$509,759$599,828
47$608,618$517,198$492,169$609,119
48$634,938$506,782$472,898$618,568
49$662,817$494,729$451,855$628,200
50$692,377$480,923$428,944$638,042
51$723,753$465,243$404,068$648,128
52$757,094$447,558$377,123$658,495
53$792,560$427,731$347,999$669,187
54$830,329$405,617$316,584$680,255
55$870,593$381,063$282,761$691,756
56$913,565$353,906$246,404$703,755
57$959,476$323,975$207,386$716,328
58$1,008,581$291,088$165,572$729,559
59$1,061,159$255,054$120,821$743,546
60$1,117,515$215,670$72,987$758,397
61$1,177,985$172,721$21,916$774,236
62$1,242,938$125,983$0$791,203
63$1,312,777$75,215$0$817,452
64$1,387,946$20,166$0$851,422
65$1,468,931$0$0$887,970
66$1,556,269$0$0$936,478
67$1,650,547$0$0$993,905
68$1,752,411$0$0$1,055,989
69$1,862,570$0$0$1,123,169
70$1,981,806$0$0$1,195,924
71$2,110,974$0$0$1,274,783
72$2,251,019$0$0$1,360,328
73$2,402,978$0$0$1,453,197
74$2,567,990$0$0$1,554,093
75$2,747,311$0$0$1,663,789
76$2,942,320$0$0$1,783,137
77$3,154,536$0$0$1,913,072
78$3,385,629$0$0$2,054,624
79$3,637,437$0$0$2,208,926
80$3,911,984$0$0$2,377,226
81$4,211,496$0$0$2,560,897
82$4,538,423$0$0$2,761,451
83$4,895,463$0$0$2,980,549
84$5,285,587$0$0$3,220,025
85$5,712,062$0$0$3,481,895
86$6,178,490$0$0$3,768,378
87$6,688,833$0$0$4,081,920
88$7,247,455$0$0$4,425,211
89$7,859,162$0$0$4,801,216
90$8,529,246$0$0$5,213,200
91$9,263,535$0$0$5,664,758
92$10,068,447$0$0$6,159,848
93$10,951,050$0$0$6,702,833
94$11,919,131$0$0$7,298,514
95$12,981,266$0$0$7,952,182
96$14,146,899$0$0$8,669,665
97$15,426,436$0$0$9,457,381
98$16,831,336$0$0$10,322,402
99$18,374,226$0$0$11,272,517
100$20,069,012$0$0$12,316,306