Can I retire at age 45 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$41,620$41,249$40,887$40,534$40,190$39,638
2 years$20,604$20,220$19,848$19,488$19,138$18,583
3 years$13,599$13,214$12,843$12,486$12,142$11,601
4 years$10,098$9,714$9,347$8,995$8,660$8,137
5 years$7,998$7,616$7,253$6,909$6,583$6,080
6 years$6,598$6,219$5,862$5,525$5,209$4,727
7 years$5,598$5,223$4,871$4,543$4,236$3,775
8 years$4,849$4,477$4,131$3,811$3,514$3,073
9 years$4,267$3,898$3,558$3,246$2,960$2,539
10 years$3,801$3,436$3,102$2,798$2,522$2,121
11 years$3,420$3,059$2,731$2,435$2,169$1,787
12 years$3,103$2,745$2,424$2,136$1,879$1,517
13 years$2,835$2,481$2,165$1,886$1,639$1,295
14 years$2,605$2,255$1,946$1,674$1,437$1,111
15 years$2,407$2,060$1,757$1,493$1,265$957
16 years$2,233$1,890$1,593$1,337$1,118$827
17 years$2,080$1,741$1,449$1,201$991$717
18 years$1,944$1,608$1,323$1,082$881$623
19 years$1,822$1,491$1,211$978$786$542
20 years$1,713$1,385$1,112$886$702$473
21 years$1,614$1,290$1,022$804$628$413
22 years$1,525$1,204$942$731$563$361
23 years$1,443$1,126$870$666$505$316
24 years$1,368$1,055$805$607$454$277
25 years$1,299$990$745$554$409$243
26 years$1,236$931$691$507$368$213
27 years$1,178$876$642$464$332$187
28 years$1,123$826$597$425$299$165
29 years$1,073$779$555$390$270$145
30 years$1,026$735$517$358$244$127
31 years$982$695$482$329$221$112
32 years$941$658$450$302$200$99
33 years$903$623$420$278$181$87
34 years$866$590$392$256$164$77
35 years$832$560$367$235$148$68
36 years$800$532$343$217$134$60
37 years$770$505$321$200$122$52
38 years$742$480$301$184$110$46
39 years$715$456$282$170$100$41
40 years$689$434$264$156$91$36
41 years$665$413$248$144$82$32
42 years$642$394$232$133$75$28
43 years$620$375$218$123$68$25
44 years$599$357$205$114$62$22
45 years$579$341$192$105$56$19
46 years$560$325$181$97$51$17
47 years$542$310$170$89$46$15
48 years$524$296$159$83$42$13
49 years$508$283$150$76$38$12
50 years$492$270$141$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $504,000, adding $2,006 every year, while hoping to spend $28,969 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: 42/49/9 Blend
44$504,000$504,000$504,000$504,000
45$557,477$530,765$522,953$579,339
46$583,517$525,950$509,649$589,977
47$611,242$519,928$494,929$598,412
48$640,794$512,609$478,714$606,890
49$672,326$503,899$460,922$615,424
50$706,010$493,696$441,469$624,035
51$742,030$481,894$420,266$632,745
52$780,590$468,380$397,218$641,581
53$821,914$453,034$372,228$650,577
54$866,246$435,730$345,195$659,771
55$913,857$416,334$316,012$669,210
56$965,039$394,704$284,568$678,946
57$1,020,119$370,690$250,747$689,042
58$1,079,451$344,134$214,427$699,571
59$1,143,426$314,867$175,481$710,614
60$1,212,474$282,714$133,778$722,267
61$1,287,066$247,486$89,179$734,640
62$1,367,720$208,987$41,540$747,857
63$1,455,006$167,006$0$762,062
64$1,549,550$121,322$0$778,308
65$1,652,041$71,704$0$800,201
66$1,763,235$17,904$0$823,972
67$1,883,967$0$0$849,873
68$2,015,150$0$0$899,935
69$2,157,793$0$0$964,925
70$2,313,005$0$0$1,035,698
71$2,482,004$0$0$1,112,820
72$2,666,133$0$0$1,196,910
73$2,866,869$0$0$1,288,650
74$3,085,836$0$0$1,388,792
75$3,324,825$0$0$1,498,163
76$3,585,803$0$0$1,617,672
77$3,870,940$0$0$1,748,322
78$4,182,621$0$0$1,891,217
79$4,523,474$0$0$2,047,570
80$4,896,392$0$0$2,218,720
81$5,304,561$0$0$2,406,140
82$5,751,488$0$0$2,611,452
83$6,241,037$0$0$2,836,442
84$6,777,461$0$0$3,083,077
85$7,365,445$0$0$3,353,525
86$8,010,148$0$0$3,650,171
87$8,717,255$0$0$3,975,645
88$9,493,024$0$0$4,332,842
89$10,344,349$0$0$4,724,951
90$11,278,825$0$0$5,155,484
91$12,304,817$0$0$5,628,313
92$13,431,541$0$0$6,147,700
93$14,669,146$0$0$6,718,341
94$16,028,817$0$0$7,345,411
95$17,522,871$0$0$8,034,608
96$19,164,881$0$0$8,792,212
97$20,969,799$0$0$9,625,141
98$22,954,096$0$0$10,541,017
99$25,135,921$0$0$11,548,236
100$27,535,268$0$0$12,656,051