Can I retire at age 45 with 507,000?

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 $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%12.9%
1 years$41,868$41,495$41,131$40,776$40,429$39,940
2 years$20,727$20,341$19,966$19,604$19,252$18,760
3 years$13,680$13,293$12,920$12,560$12,214$11,735
4 years$10,158$9,772$9,402$9,049$8,711$8,247
5 years$8,045$7,661$7,296$6,950$6,622$6,176
6 years$6,637$6,256$5,897$5,558$5,240$4,811
7 years$5,632$5,254$4,900$4,570$4,261$3,851
8 years$4,878$4,503$4,156$3,834$3,535$3,142
9 years$4,292$3,921$3,579$3,265$2,977$2,602
10 years$3,824$3,456$3,121$2,815$2,537$2,179
11 years$3,441$3,077$2,747$2,450$2,182$1,841
12 years$3,122$2,762$2,438$2,149$1,891$1,567
13 years$2,852$2,496$2,178$1,897$1,649$1,341
14 years$2,621$2,268$1,957$1,684$1,445$1,154
15 years$2,421$2,072$1,767$1,502$1,272$996
16 years$2,246$1,901$1,602$1,345$1,125$863
17 years$2,092$1,751$1,458$1,208$997$750
18 years$1,955$1,618$1,331$1,089$887$654
19 years$1,833$1,500$1,218$984$790$571
20 years$1,723$1,393$1,118$891$706$499
21 years$1,624$1,298$1,028$809$632$437
22 years$1,534$1,212$948$735$566$384
23 years$1,451$1,133$875$670$508$337
24 years$1,376$1,062$809$611$457$296
25 years$1,307$996$750$558$411$261
26 years$1,243$936$695$510$370$230
27 years$1,185$881$646$467$334$202
28 years$1,130$830$600$428$301$178
29 years$1,079$783$559$392$272$157
30 years$1,032$740$520$360$246$139
31 years$988$699$485$331$222$123
32 years$947$662$453$304$201$108
33 years$908$627$423$279$182$96
34 years$872$594$395$257$165$85
35 years$837$563$369$237$149$75
36 years$805$535$345$218$135$66
37 years$775$508$323$201$122$59
38 years$746$483$303$185$111$52
39 years$719$459$284$171$101$46
40 years$693$437$266$157$91$41
41 years$669$416$249$145$83$36
42 years$645$396$234$134$75$32
43 years$623$377$219$124$68$28
44 years$602$360$206$114$62$25
45 years$582$343$193$105$56$22
46 years$563$327$182$97$51$19
47 years$545$312$171$90$46$17
48 years$528$298$160$83$42$15
49 years$511$285$151$77$38$14
50 years$495$272$142$71$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $507,000, adding $2,780 every year, while hoping to spend $34,805 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: 74/17/9 Blend
44$507,000$507,000$507,000$507,000
45$561,582$534,711$526,852$602,070
46$581,831$523,879$507,469$618,312
47$602,979$511,350$486,271$631,453
48$625,080$497,005$463,159$644,873
49$648,195$480,715$438,031$658,589
50$672,388$462,346$410,782$672,618
51$697,727$441,757$381,299$686,983
52$724,289$418,797$349,467$701,706
53$752,156$393,307$315,162$716,816
54$781,415$365,118$278,260$732,343
55$812,163$334,053$238,626$748,321
56$844,506$299,924$196,122$764,790
57$878,557$262,532$150,603$781,794
58$914,441$221,667$101,919$799,383
59$952,292$177,106$49,912$817,613
60$992,258$128,617$0$836,547
61$1,034,501$75,951$0$856,794
62$1,079,194$18,847$0$883,045
63$1,126,530$0$0$910,611
64$1,176,718$0$0$947,648
65$1,229,986$0$0$990,711
66$1,286,585$0$0$1,036,478
67$1,346,788$0$0$1,085,172
68$1,410,894$0$0$1,137,037
69$1,479,231$0$0$1,192,339
70$1,552,158$0$0$1,251,370
71$1,630,068$0$0$1,314,451
72$1,713,392$0$0$1,381,932
73$1,802,603$0$0$1,454,200
74$1,898,217$0$0$1,531,674
75$2,000,805$0$0$1,614,819
76$2,110,989$0$0$1,704,143
77$2,229,453$0$0$1,800,203
78$2,356,951$0$0$1,903,611
79$2,494,306$0$0$2,015,041
80$2,642,425$0$0$2,135,230
81$2,802,303$0$0$2,264,990
82$2,975,036$0$0$2,405,213
83$3,161,824$0$0$2,556,877
84$3,363,990$0$0$2,721,061
85$3,582,986$0$0$2,898,949
86$3,820,410$0$0$3,091,841
87$4,078,017$0$0$3,301,171
88$4,357,740$0$0$3,528,512
89$4,661,703$0$0$3,775,596
90$4,992,244$0$0$4,044,329
91$5,351,934$0$0$4,336,806
92$5,743,603$0$0$4,655,335
93$6,170,364$0$0$5,002,454
94$6,635,643$0$0$5,380,955
95$7,143,212$0$0$5,793,913
96$7,697,220$0$0$6,244,712
97$8,302,238$0$0$6,737,077
98$8,963,294$0$0$7,275,108
99$9,685,926$0$0$7,863,321
100$10,476,231$0$0$8,506,685