Can I retire at age 45 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$41,868$41,495$41,131$40,776$40,429$40,259
2 years$20,727$20,341$19,966$19,604$19,252$19,080
3 years$13,680$13,293$12,920$12,560$12,214$12,046
4 years$10,158$9,772$9,402$9,049$8,711$8,548
5 years$8,045$7,661$7,296$6,950$6,622$6,464
6 years$6,637$6,256$5,897$5,558$5,240$5,088
7 years$5,632$5,254$4,900$4,570$4,261$4,115
8 years$4,878$4,503$4,156$3,834$3,535$3,395
9 years$4,292$3,921$3,579$3,265$2,977$2,842
10 years$3,824$3,456$3,121$2,815$2,537$2,408
11 years$3,441$3,077$2,747$2,450$2,182$2,058
12 years$3,122$2,762$2,438$2,149$1,891$1,772
13 years$2,852$2,496$2,178$1,897$1,649$1,536
14 years$2,621$2,268$1,957$1,684$1,445$1,338
15 years$2,421$2,072$1,767$1,502$1,272$1,170
16 years$2,246$1,901$1,602$1,345$1,125$1,027
17 years$2,092$1,751$1,458$1,208$997$905
18 years$1,955$1,618$1,331$1,089$887$799
19 years$1,833$1,500$1,218$984$790$707
20 years$1,723$1,393$1,118$891$706$627
21 years$1,624$1,298$1,028$809$632$557
22 years$1,534$1,212$948$735$566$496
23 years$1,451$1,133$875$670$508$442
24 years$1,376$1,062$809$611$457$394
25 years$1,307$996$750$558$411$352
26 years$1,243$936$695$510$370$315
27 years$1,185$881$646$467$334$281
28 years$1,130$830$600$428$301$252
29 years$1,079$783$559$392$272$226
30 years$1,032$740$520$360$246$202
31 years$988$699$485$331$222$181
32 years$947$662$453$304$201$163
33 years$908$627$423$279$182$146
34 years$872$594$395$257$165$131
35 years$837$563$369$237$149$118
36 years$805$535$345$218$135$106
37 years$775$508$323$201$122$95
38 years$746$483$303$185$111$86
39 years$719$459$284$171$101$77
40 years$693$437$266$157$91$69
41 years$669$416$249$145$83$62
42 years$645$396$234$134$75$56
43 years$623$377$219$124$68$50
44 years$602$360$206$114$62$45
45 years$582$343$193$105$56$41
46 years$563$327$182$97$51$37
47 years$545$312$171$90$46$33
48 years$528$298$160$83$42$30
49 years$511$285$151$77$38$27
50 years$495$272$142$71$35$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $507,000, adding $3,796 every year, while hoping to spend $54,764 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: 53/17/30 Blend
44$507,000$507,000$507,000$507,000
45$562,630$535,759$527,900$587,543
46$561,749$503,742$487,316$573,241
47$558,944$468,322$443,537$551,845
48$553,959$429,272$396,399$527,492
49$546,513$386,357$345,728$499,921
50$536,292$339,323$291,345$468,849
51$522,952$287,908$233,063$433,968
52$506,107$231,830$170,685$394,944
53$485,333$170,793$104,006$351,413
54$460,160$104,484$32,813$302,977
55$430,067$32,575$0$249,206
56$394,478$0$0$203,444
57$352,756$0$0$171,941
58$304,197$0$0$142,505
59$248,021$0$0$108,588
60$183,369$0$0$69,685
61$109,289$0$0$25,239
62$24,730$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$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