Can I retire at age 45 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$41,785$41,413$41,050$40,695$40,349$39,746
2 years$20,686$20,300$19,927$19,565$19,214$18,608
3 years$13,653$13,267$12,894$12,535$12,190$11,600
4 years$10,138$9,752$9,384$9,031$8,694$8,124
5 years$8,029$7,646$7,282$6,937$6,609$6,061
6 years$6,624$6,243$5,885$5,547$5,230$4,704
7 years$5,621$5,243$4,890$4,561$4,253$3,750
8 years$4,868$4,494$4,147$3,826$3,528$3,048
9 years$4,284$3,913$3,572$3,259$2,971$2,513
10 years$3,816$3,449$3,114$2,809$2,532$2,096
11 years$3,434$3,071$2,742$2,445$2,177$1,763
12 years$3,115$2,756$2,433$2,144$1,887$1,494
13 years$2,846$2,491$2,174$1,893$1,645$1,273
14 years$2,616$2,264$1,953$1,681$1,442$1,090
15 years$2,416$2,068$1,764$1,499$1,270$937
16 years$2,242$1,898$1,599$1,342$1,122$808
17 years$2,088$1,748$1,455$1,206$995$699
18 years$1,951$1,615$1,328$1,087$885$606
19 years$1,829$1,497$1,216$982$789$526
20 years$1,720$1,391$1,116$889$704$458
21 years$1,621$1,295$1,026$807$630$399
22 years$1,531$1,209$946$734$565$348
23 years$1,449$1,131$873$668$507$304
24 years$1,374$1,060$808$610$456$266
25 years$1,305$994$748$557$410$233
26 years$1,241$935$694$509$370$204
27 years$1,182$880$644$466$333$179
28 years$1,128$829$599$427$301$157
29 years$1,077$782$557$391$271$137
30 years$1,030$738$519$359$245$121
31 years$986$698$484$330$222$106
32 years$945$660$452$303$201$93
33 years$906$625$422$279$182$82
34 years$870$593$394$257$164$72
35 years$836$562$368$236$149$63
36 years$804$534$345$218$135$55
37 years$773$507$323$200$122$49
38 years$745$482$302$185$111$43
39 years$717$458$283$170$101$38
40 years$692$436$265$157$91$33
41 years$667$415$249$145$83$29
42 years$644$395$233$134$75$26
43 years$622$376$219$123$68$23
44 years$601$359$205$114$62$20
45 years$581$342$193$105$56$17
46 years$562$326$181$97$51$15
47 years$544$312$170$90$46$14
48 years$527$297$160$83$42$12
49 years$510$284$150$77$38$10
50 years$494$271$141$71$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $506,000, adding $2,597 every year, while hoping to spend $40,084 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: 43/50/7 Blend
44$506,000$506,000$506,000$506,000
45$560,291$533,473$525,630$583,143
46$574,791$516,964$500,589$582,749
47$589,428$498,303$473,367$578,022
48$604,171$477,341$443,846$571,976
49$618,989$453,923$411,907$564,506
50$633,843$427,883$377,424$555,496
51$648,692$399,047$340,265$544,827
52$663,487$367,228$300,292$532,368
53$678,173$332,232$257,361$517,980
54$692,687$293,852$211,324$501,515
55$706,960$251,870$162,022$482,814
56$720,913$206,055$109,293$461,707
57$734,458$156,163$52,965$438,011
58$747,494$101,936$0$411,531
59$759,910$43,103$0$382,594
60$771,583$0$0$354,697
61$782,372$0$0$335,004
62$792,123$0$0$338,498
63$800,661$0$0$341,383
64$807,794$0$0$343,566
65$813,307$0$0$344,943
66$816,961$0$0$345,400
67$818,489$0$0$344,810
68$817,596$0$0$343,031
69$813,954$0$0$339,907
70$807,199$0$0$335,264
71$796,928$0$0$328,908
72$782,691$0$0$320,627
73$763,993$0$0$310,184
74$740,284$0$0$297,316
75$710,955$0$0$281,734
76$675,333$0$0$263,116
77$632,670$0$0$241,108
78$582,143$0$0$215,316
79$522,837$0$0$185,307
80$453,743$0$0$150,599
81$373,745$0$0$110,662
82$281,610$0$0$64,910
83$175,974$0$0$12,695
84$55,330$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
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