Can I retire at age 45 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$41,950$41,576$41,212$40,856$40,509$39,578
2 years$20,767$20,381$20,006$19,642$19,290$18,357
3 years$13,707$13,319$12,945$12,585$12,238$11,333
4 years$10,178$9,791$9,421$9,067$8,728$7,857
5 years$8,061$7,676$7,311$6,964$6,635$5,801
6 years$6,650$6,268$5,908$5,569$5,250$4,453
7 years$5,643$5,264$4,910$4,579$4,270$3,511
8 years$4,888$4,512$4,164$3,841$3,542$2,820
9 years$4,301$3,929$3,586$3,272$2,983$2,298
10 years$3,831$3,463$3,127$2,820$2,542$1,893
11 years$3,447$3,083$2,753$2,454$2,186$1,572
12 years$3,128$2,767$2,443$2,153$1,894$1,315
13 years$2,858$2,501$2,183$1,901$1,652$1,106
14 years$2,626$2,273$1,961$1,687$1,448$934
15 years$2,426$2,076$1,771$1,505$1,275$792
16 years$2,251$1,905$1,605$1,347$1,127$673
17 years$2,096$1,754$1,461$1,211$999$574
18 years$1,959$1,621$1,333$1,091$888$490
19 years$1,837$1,503$1,221$986$792$420
20 years$1,727$1,396$1,120$893$707$360
21 years$1,627$1,301$1,030$810$633$309
22 years$1,537$1,214$950$737$567$265
23 years$1,454$1,135$877$671$509$228
24 years$1,379$1,064$811$612$458$196
25 years$1,310$998$751$559$412$169
26 years$1,246$938$697$511$371$146
27 years$1,187$883$647$468$335$126
28 years$1,132$832$601$429$302$108
29 years$1,081$785$560$393$273$94
30 years$1,034$741$521$361$246$81
31 years$990$701$486$331$223$70
32 years$949$663$453$304$201$60
33 years$910$628$423$280$182$52
34 years$873$595$396$258$165$45
35 years$839$564$370$237$149$39
36 years$807$536$346$218$135$34
37 years$776$509$324$201$123$29
38 years$748$484$303$185$111$25
39 years$720$460$284$171$101$22
40 years$695$438$266$158$92$19
41 years$670$416$250$146$83$16
42 years$647$397$234$134$75$14
43 years$625$378$220$124$68$12
44 years$604$360$206$114$62$10
45 years$584$344$194$106$56$9
46 years$564$328$182$98$51$8
47 years$546$313$171$90$46$7
48 years$529$299$161$83$42$6
49 years$512$285$151$77$38$5
50 years$496$272$142$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $508,000, adding $2,794 every year, while hoping to spend $23,186 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: 51/25/24 Blend
44$508,000$508,000$508,000$508,000
45$562,698$535,774$527,900$587,486
46$595,423$537,357$520,915$606,553
47$630,710$538,241$512,919$624,690
48$668,794$538,366$503,853$643,936
49$709,936$537,671$493,657$664,407
50$754,421$536,089$482,266$686,230
51$802,564$533,549$469,615$709,547
52$854,710$529,978$455,631$734,515
53$911,240$525,296$440,244$761,308
54$972,569$519,418$423,375$790,121
55$1,039,158$512,257$404,945$821,168
56$1,111,513$503,718$384,871$854,688
57$1,190,187$493,700$363,064$890,945
58$1,275,793$482,099$339,434$930,233
59$1,369,004$468,801$313,885$972,877
60$1,470,559$453,689$286,317$1,019,236
61$1,581,274$436,637$256,626$1,069,710
62$1,702,043$417,512$224,703$1,124,740
63$1,833,855$396,174$190,434$1,184,817
64$1,977,795$372,473$153,700$1,250,483
65$2,135,059$346,253$114,378$1,322,336
66$2,306,963$317,347$72,337$1,401,043
67$2,494,956$285,580$27,443$1,487,337
68$2,700,634$250,766$0$1,582,032
69$2,925,753$212,708$0$1,691,267
70$3,172,249$171,200$0$1,818,639
71$3,442,252$126,022$0$1,958,250
72$3,738,107$76,943$0$2,111,360
73$4,062,400$23,719$0$2,279,355
74$4,417,975$0$0$2,463,766
75$4,807,966$0$0$2,675,613
76$5,235,827$0$0$2,915,243
77$5,705,359$0$0$3,178,266
78$6,220,751$0$0$3,467,037
79$6,786,616$0$0$3,784,146
80$7,408,037$0$0$4,132,450
81$8,090,612$0$0$4,515,094
82$8,840,509$0$0$4,935,543
83$9,664,522$0$0$5,397,616
84$10,570,137$0$0$5,905,517
85$11,565,598$0$0$6,463,880
86$12,659,992$0$0$7,077,811
87$13,863,328$0$0$7,752,932
88$15,186,632$0$0$8,495,442
89$16,642,054$0$0$9,312,166
90$18,242,981$0$0$10,210,628
91$20,004,160$0$0$11,199,113
92$21,941,842$0$0$12,286,755
93$24,073,932$0$0$13,483,615
94$26,420,156$0$0$14,800,777
95$29,002,251$0$0$16,250,459
96$31,844,169$0$0$17,846,117
97$34,972,298$0$0$19,602,584
98$38,415,717$0$0$21,536,199
99$42,206,466$0$0$23,664,968
100$46,379,851$0$0$26,008,733