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%19.9%
1 years$41,620$41,249$40,887$40,534$40,190$38,595
2 years$20,604$20,220$19,848$19,488$19,138$17,551
3 years$13,599$13,214$12,843$12,486$12,142$10,613
4 years$10,098$9,714$9,347$8,995$8,660$7,200
5 years$7,998$7,616$7,253$6,909$6,583$5,197
6 years$6,598$6,219$5,862$5,525$5,209$3,897
7 years$5,598$5,223$4,871$4,543$4,236$2,997
8 years$4,849$4,477$4,131$3,811$3,514$2,348
9 years$4,267$3,898$3,558$3,246$2,960$1,864
10 years$3,801$3,436$3,102$2,798$2,522$1,494
11 years$3,420$3,059$2,731$2,435$2,169$1,207
12 years$3,103$2,745$2,424$2,136$1,879$981
13 years$2,835$2,481$2,165$1,886$1,639$801
14 years$2,605$2,255$1,946$1,674$1,437$657
15 years$2,407$2,060$1,757$1,493$1,265$540
16 years$2,233$1,890$1,593$1,337$1,118$445
17 years$2,080$1,741$1,449$1,201$991$368
18 years$1,944$1,608$1,323$1,082$881$304
19 years$1,822$1,491$1,211$978$786$252
20 years$1,713$1,385$1,112$886$702$209
21 years$1,614$1,290$1,022$804$628$174
22 years$1,525$1,204$942$731$563$144
23 years$1,443$1,126$870$666$505$120
24 years$1,368$1,055$805$607$454$100
25 years$1,299$990$745$554$409$83
26 years$1,236$931$691$507$368$69
27 years$1,178$876$642$464$332$58
28 years$1,123$826$597$425$299$48
29 years$1,073$779$555$390$270$40
30 years$1,026$735$517$358$244$33
31 years$982$695$482$329$221$28
32 years$941$658$450$302$200$23
33 years$903$623$420$278$181$19
34 years$866$590$392$256$164$16
35 years$832$560$367$235$148$13
36 years$800$532$343$217$134$11
37 years$770$505$321$200$122$9
38 years$742$480$301$184$110$8
39 years$715$456$282$170$100$6
40 years$689$434$264$156$91$5
41 years$665$413$248$144$82$5
42 years$642$394$232$133$75$4
43 years$620$375$218$123$68$3
44 years$599$357$205$114$62$3
45 years$579$341$192$105$56$2
46 years$560$325$181$97$51$2
47 years$542$310$170$89$46$2
48 years$524$296$159$83$42$1
49 years$508$283$150$76$38$1
50 years$492$270$141$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $504,000, adding $3,465 every year, while hoping to spend $31,296 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: 53/38/9 Blend
44$504,000$504,000$504,000$504,000
45$558,982$532,270$524,458$587,165
46$582,700$525,053$508,729$599,468
47$607,787$516,433$491,424$609,154
48$634,352$506,308$472,457$618,952
49$662,510$494,572$451,738$628,877
50$692,390$481,109$429,175$638,950
51$724,129$465,799$404,668$649,195
52$757,881$448,514$378,115$659,641
53$793,813$429,119$349,410$670,322
54$832,106$407,470$318,439$681,275
55$872,961$383,416$285,087$692,548
56$916,596$356,797$249,231$704,193
57$963,252$327,443$210,743$716,270
58$1,013,191$295,175$169,490$728,849
59$1,066,702$259,805$125,334$742,012
60$1,124,102$221,131$78,129$755,849
61$1,185,737$178,943$27,723$770,464
62$1,251,989$133,018$0$785,978
63$1,323,276$83,120$0$805,029
64$1,400,057$28,999$0$828,269
65$1,482,836$0$0$853,224
66$1,572,168$0$0$892,487
67$1,668,661$0$0$948,033
68$1,772,985$0$0$1,008,128
69$1,885,875$0$0$1,073,199
70$2,008,139$0$0$1,143,718
71$2,140,666$0$0$1,220,204
72$2,284,433$0$0$1,303,225
73$2,440,515$0$0$1,393,409
74$2,610,094$0$0$1,491,445
75$2,794,471$0$0$1,598,093
76$2,995,075$0$0$1,714,185
77$3,213,482$0$0$1,840,642
78$3,451,423$0$0$1,978,472
79$3,710,804$0$0$2,128,789
80$3,993,722$0$0$2,292,817
81$4,302,488$0$0$2,471,902
82$4,639,642$0$0$2,667,528
83$5,007,982$0$0$2,881,329
84$5,410,589$0$0$3,115,101
85$5,850,853$0$0$3,370,823
86$6,332,508$0$0$3,650,676
87$6,859,665$0$0$3,957,059
88$7,436,851$0$0$4,292,614
89$8,069,051$0$0$4,660,252
90$8,761,755$0$0$5,063,178
91$9,521,010$0$0$5,504,920
92$10,353,474$0$0$5,989,368
93$11,266,480$0$0$6,520,801
94$12,268,107$0$0$7,103,937
95$13,367,253$0$0$7,743,971
96$14,573,716$0$0$8,446,624
97$15,898,294$0$0$9,218,199
98$17,352,877$0$0$10,065,642
99$18,950,566$0$0$10,996,599
100$20,705,792$0$0$12,019,499