Can I retire at age 45 with 505,000?

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 $505,000?

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%
1 years$41,702$41,331$40,969$40,615$40,269$39,586
2 years$20,645$20,260$19,888$19,526$19,176$18,489
3 years$13,626$13,240$12,869$12,511$12,166$11,498
4 years$10,118$9,733$9,365$9,013$8,677$8,032
5 years$8,013$7,631$7,268$6,923$6,596$5,977
6 years$6,611$6,231$5,873$5,536$5,219$4,626
7 years$5,609$5,233$4,881$4,552$4,245$3,678
8 years$4,859$4,486$4,139$3,818$3,521$2,981
9 years$4,275$3,905$3,565$3,252$2,965$2,451
10 years$3,809$3,442$3,108$2,804$2,527$2,037
11 years$3,427$3,065$2,736$2,440$2,173$1,708
12 years$3,109$2,751$2,428$2,140$1,883$1,443
13 years$2,841$2,486$2,170$1,889$1,642$1,225
14 years$2,611$2,260$1,949$1,677$1,439$1,046
15 years$2,411$2,064$1,760$1,496$1,267$896
16 years$2,237$1,894$1,596$1,339$1,120$770
17 years$2,084$1,744$1,452$1,203$993$663
18 years$1,948$1,612$1,326$1,085$883$573
19 years$1,826$1,494$1,214$980$787$496
20 years$1,716$1,388$1,114$888$703$430
21 years$1,617$1,293$1,024$805$629$373
22 years$1,528$1,207$944$732$564$324
23 years$1,446$1,129$872$667$506$282
24 years$1,371$1,058$806$608$455$246
25 years$1,302$992$747$556$409$214
26 years$1,239$933$693$508$369$187
27 years$1,180$878$643$465$333$163
28 years$1,126$827$598$426$300$142
29 years$1,075$780$556$391$271$124
30 years$1,028$737$518$359$245$109
31 years$984$697$483$329$221$95
32 years$943$659$451$303$200$83
33 years$904$624$421$278$181$73
34 years$868$592$393$256$164$64
35 years$834$561$368$236$149$56
36 years$802$533$344$217$135$49
37 years$772$506$322$200$122$43
38 years$743$481$301$184$111$37
39 years$716$457$282$170$100$33
40 years$690$435$265$157$91$29
41 years$666$414$248$145$83$25
42 years$643$394$233$133$75$22
43 years$621$376$218$123$68$19
44 years$600$358$205$114$62$17
45 years$580$341$193$105$56$15
46 years$561$326$181$97$51$13
47 years$543$311$170$90$46$11
48 years$526$297$160$83$42$10
49 years$509$283$150$77$38$9
50 years$493$271$141$71$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $505,000, adding $6,938 every year, while hoping to spend $36,556 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: 84/10/6 Blend
44$505,000$505,000$505,000$505,000
45$563,667$536,902$529,074$610,241
46$582,265$524,314$507,903$629,088
47$601,536$509,885$484,797$644,094
48$621,508$493,485$459,653$659,419
49$642,214$474,978$432,364$675,073
50$663,687$454,220$402,815$691,065
51$685,964$431,057$370,890$707,405
52$709,082$405,328$336,465$724,104
53$733,082$376,863$299,410$741,173
54$758,008$345,481$259,592$758,627
55$783,906$310,991$216,870$776,478
56$810,826$273,191$171,097$794,744
57$838,822$231,869$122,119$813,442
58$867,949$186,798$69,778$832,590
59$898,270$137,741$13,906$852,212
60$929,850$84,447$0$872,329
61$962,760$26,650$0$895,897
62$997,076$0$0$921,157
63$1,032,879$0$0$951,218
64$1,070,259$0$0$985,665
65$1,109,310$0$0$1,021,655
66$1,150,135$0$0$1,059,282
67$1,192,847$0$0$1,098,650
68$1,237,565$0$0$1,139,871
69$1,284,421$0$0$1,183,064
70$1,333,556$0$0$1,228,361
71$1,385,123$0$0$1,275,904
72$1,439,290$0$0$1,325,847
73$1,496,237$0$0$1,378,358
74$1,556,163$0$0$1,433,620
75$1,619,281$0$0$1,491,830
76$1,685,825$0$0$1,553,205
77$1,756,051$0$0$1,617,981
78$1,830,235$0$0$1,686,413
79$1,908,681$0$0$1,758,783
80$1,991,718$0$0$1,835,396
81$2,079,708$0$0$1,916,585
82$2,173,046$0$0$2,002,716
83$2,272,162$0$0$2,094,188
84$2,377,528$0$0$2,191,437
85$2,489,660$0$0$2,294,939
86$2,609,123$0$0$2,405,218
87$2,736,534$0$0$2,522,845
88$2,872,572$0$0$2,648,448
89$3,017,979$0$0$2,782,713
90$3,173,567$0$0$2,926,393
91$3,340,230$0$0$3,080,313
92$3,518,946$0$0$3,245,379
93$3,710,789$0$0$3,422,585
94$3,916,936$0$0$3,613,020
95$4,138,680$0$0$3,817,881
96$4,377,443$0$0$4,038,482
97$4,634,783$0$0$4,276,267
98$4,912,412$0$0$4,532,821
99$5,212,214$0$0$4,809,885
100$5,536,256$0$0$5,109,372