Can I retire at age 45 with 506,000?

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 $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%13.4%
1 years$41,785$41,413$41,050$40,695$40,349$39,779
2 years$20,686$20,300$19,927$19,565$19,214$18,641
3 years$13,653$13,267$12,894$12,535$12,190$11,631
4 years$10,138$9,752$9,384$9,031$8,694$8,154
5 years$8,029$7,646$7,282$6,937$6,609$6,090
6 years$6,624$6,243$5,885$5,547$5,230$4,732
7 years$5,621$5,243$4,890$4,561$4,253$3,776
8 years$4,868$4,494$4,147$3,826$3,528$3,073
9 years$4,284$3,913$3,572$3,259$2,971$2,537
10 years$3,816$3,449$3,114$2,809$2,532$2,118
11 years$3,434$3,071$2,742$2,445$2,177$1,784
12 years$3,115$2,756$2,433$2,144$1,887$1,513
13 years$2,846$2,491$2,174$1,893$1,645$1,291
14 years$2,616$2,264$1,953$1,681$1,442$1,107
15 years$2,416$2,068$1,764$1,499$1,270$953
16 years$2,242$1,898$1,599$1,342$1,122$823
17 years$2,088$1,748$1,455$1,206$995$713
18 years$1,951$1,615$1,328$1,087$885$619
19 years$1,829$1,497$1,216$982$789$538
20 years$1,720$1,391$1,116$889$704$469
21 years$1,621$1,295$1,026$807$630$409
22 years$1,531$1,209$946$734$565$358
23 years$1,449$1,131$873$668$507$313
24 years$1,374$1,060$808$610$456$274
25 years$1,305$994$748$557$410$240
26 years$1,241$935$694$509$370$211
27 years$1,182$880$644$466$333$185
28 years$1,128$829$599$427$301$162
29 years$1,077$782$557$391$271$143
30 years$1,030$738$519$359$245$125
31 years$986$698$484$330$222$110
32 years$945$660$452$303$201$97
33 years$906$625$422$279$182$85
34 years$870$593$394$257$164$75
35 years$836$562$368$236$149$66
36 years$804$534$345$218$135$58
37 years$773$507$323$200$122$51
38 years$745$482$302$185$111$45
39 years$717$458$283$170$101$40
40 years$692$436$265$157$91$35
41 years$667$415$249$145$83$31
42 years$644$395$233$134$75$27
43 years$622$376$219$123$68$24
44 years$601$359$205$114$62$21
45 years$581$342$193$105$56$19
46 years$562$326$181$97$51$16
47 years$544$312$170$90$46$14
48 years$527$297$160$83$42$13
49 years$510$284$150$77$38$11
50 years$494$271$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 $506,000, adding $4,681 every year, while hoping to spend $30,690 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: 76/13/11 Blend
44$506,000$506,000$506,000$506,000
45$562,440$535,622$527,779$603,676
46$587,155$529,214$512,806$625,081
47$613,363$521,463$496,303$644,187
48$641,182$512,271$478,185$664,267
49$670,745$501,535$458,367$685,404
50$702,194$489,143$436,755$707,696
51$735,687$474,980$413,255$731,245
52$771,394$458,921$387,767$756,169
53$809,505$440,837$360,185$782,594
54$850,225$420,588$330,402$810,663
55$893,780$398,030$298,303$840,531
56$940,419$373,006$263,769$872,372
57$990,411$345,353$226,675$906,377
58$1,044,056$314,898$186,892$942,757
59$1,101,681$281,459$144,283$981,745
60$1,163,644$244,842$98,708$1,023,600
61$1,230,339$204,843$50,018$1,068,608
62$1,302,199$161,246$0$1,117,083
63$1,379,700$113,823$0$1,169,604
64$1,463,362$62,334$0$1,232,606
65$1,553,761$6,524$0$1,300,659
66$1,651,526$0$0$1,374,254
67$1,757,351$0$0$1,461,641
68$1,871,997$0$0$1,557,338
69$1,996,302$0$0$1,661,115
70$2,131,187$0$0$1,773,743
71$2,277,665$0$0$1,896,069
72$2,436,850$0$0$2,029,027
73$2,609,968$0$0$2,173,643
74$2,798,368$0$0$2,331,045
75$3,003,533$0$0$2,502,477
76$3,227,097$0$0$2,689,305
77$3,470,856$0$0$2,893,035
78$3,736,789$0$0$3,115,321
79$4,027,071$0$0$3,357,988
80$4,344,100$0$0$3,623,041
81$4,690,513$0$0$3,912,689
82$5,069,215$0$0$4,229,365
83$5,483,403$0$0$4,575,745
84$5,936,598$0$0$4,954,778
85$6,432,676$0$0$5,369,711
86$6,975,906$0$0$5,824,117
87$7,570,989$0$0$6,321,933
88$8,223,103$0$0$6,867,495
89$8,937,947$0$0$7,465,577
90$9,721,803$0$0$8,121,437
91$10,581,586$0$0$8,840,868
92$11,524,914$0$0$9,630,249
93$12,560,177$0$0$10,496,607
94$13,696,618$0$0$11,447,682
95$14,944,419$0$0$12,491,999
96$16,314,793$0$0$13,638,951
97$17,820,097$0$0$14,898,885
98$19,473,938$0$0$16,283,197
99$21,291,312$0$0$17,804,446
100$23,288,735$0$0$19,476,463