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%13.8%
1 years$41,950$41,576$41,212$40,856$40,509$39,870
2 years$20,767$20,381$20,006$19,642$19,290$18,648
3 years$13,707$13,319$12,945$12,585$12,238$11,614
4 years$10,178$9,791$9,421$9,067$8,728$8,126
5 years$8,061$7,676$7,311$6,964$6,635$6,056
6 years$6,650$6,268$5,908$5,569$5,250$4,695
7 years$5,643$5,264$4,910$4,579$4,270$3,739
8 years$4,888$4,512$4,164$3,841$3,542$3,035
9 years$4,301$3,929$3,586$3,272$2,983$2,500
10 years$3,831$3,463$3,127$2,820$2,542$2,082
11 years$3,447$3,083$2,753$2,454$2,186$1,749
12 years$3,128$2,767$2,443$2,153$1,894$1,480
13 years$2,858$2,501$2,183$1,901$1,652$1,260
14 years$2,626$2,273$1,961$1,687$1,448$1,077
15 years$2,426$2,076$1,771$1,505$1,275$924
16 years$2,251$1,905$1,605$1,347$1,127$796
17 years$2,096$1,754$1,461$1,211$999$687
18 years$1,959$1,621$1,333$1,091$888$595
19 years$1,837$1,503$1,221$986$792$516
20 years$1,727$1,396$1,120$893$707$448
21 years$1,627$1,301$1,030$810$633$390
22 years$1,537$1,214$950$737$567$340
23 years$1,454$1,135$877$671$509$297
24 years$1,379$1,064$811$612$458$259
25 years$1,310$998$751$559$412$226
26 years$1,246$938$697$511$371$198
27 years$1,187$883$647$468$335$173
28 years$1,132$832$601$429$302$151
29 years$1,081$785$560$393$273$133
30 years$1,034$741$521$361$246$116
31 years$990$701$486$331$223$102
32 years$949$663$453$304$201$89
33 years$910$628$423$280$182$78
34 years$873$595$396$258$165$69
35 years$839$564$370$237$149$60
36 years$807$536$346$218$135$53
37 years$776$509$324$201$123$46
38 years$748$484$303$185$111$41
39 years$720$460$284$171$101$36
40 years$695$438$266$158$92$31
41 years$670$416$250$146$83$28
42 years$647$397$234$134$75$24
43 years$625$378$220$124$68$21
44 years$604$360$206$114$62$19
45 years$584$344$194$106$56$16
46 years$564$328$182$98$51$14
47 years$546$313$171$90$46$13
48 years$529$299$161$83$42$11
49 years$512$285$151$77$38$10
50 years$496$272$142$71$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $508,000, adding $2,936 every year, while hoping to spend $34,317 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: 51/34/15 Blend
44$508,000$508,000$508,000$508,000
45$562,844$535,920$528,046$589,108
46$583,742$525,668$509,223$597,193
47$605,620$513,762$488,619$602,133
48$628,544$500,087$466,138$606,742
49$652,582$484,518$441,680$610,997
50$677,810$466,924$415,141$614,879
51$704,308$447,165$386,410$618,367
52$732,167$425,095$355,374$621,441
53$761,482$400,559$321,913$624,080
54$792,358$373,391$285,902$626,266
55$824,909$343,418$247,210$627,980
56$859,260$310,456$205,702$629,207
57$895,546$274,310$161,235$629,931
58$933,916$234,775$113,661$630,139
59$974,531$191,634$62,824$629,821
60$1,017,567$144,658$8,562$628,969
61$1,063,218$93,605$0$627,578
62$1,111,693$38,219$0$633,548
63$1,163,223$0$0$640,959
64$1,218,061$0$0$656,627
65$1,276,483$0$0$688,581
66$1,338,790$0$0$722,690
67$1,405,314$0$0$759,141
68$1,476,417$0$0$798,137
69$1,552,497$0$0$839,898
70$1,633,990$0$0$884,671
71$1,721,374$0$0$932,722
72$1,815,174$0$0$984,346
73$1,915,966$0$0$1,039,865
74$2,024,381$0$0$1,099,632
75$2,141,113$0$0$1,164,038
76$2,266,925$0$0$1,233,508
77$2,402,654$0$0$1,308,513
78$2,549,218$0$0$1,389,568
79$2,707,629$0$0$1,477,239
80$2,878,998$0$0$1,572,150
81$3,064,544$0$0$1,674,985
82$3,265,611$0$0$1,786,497
83$3,483,674$0$0$1,907,514
84$3,720,356$0$0$2,038,947
85$3,977,441$0$0$2,181,797
86$4,256,894$0$0$2,337,167
87$4,560,875$0$0$2,506,268
88$4,891,760$0$0$2,690,435
89$5,252,164$0$0$2,891,136
90$5,644,964$0$0$3,109,986
91$6,073,328$0$0$3,348,764
92$6,540,741$0$0$3,609,425
93$7,051,041$0$0$3,894,126
94$7,608,450$0$0$4,205,237
95$8,217,618$0$0$4,545,369
96$8,883,664$0$0$4,917,398
97$9,612,224$0$0$5,324,488
98$10,409,503$0$0$5,770,125
99$11,282,336$0$0$6,258,148
100$12,238,245$0$0$6,792,781