Can I retire at age 45 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$42,280$41,904$41,536$41,178$40,828$40,020
2 years$20,931$20,541$20,163$19,797$19,442$18,631
3 years$13,815$13,424$13,047$12,684$12,335$11,547
4 years$10,258$9,868$9,495$9,138$8,797$8,038
5 years$8,125$7,737$7,368$7,019$6,687$5,959
6 years$6,703$6,318$5,955$5,613$5,292$4,595
7 years$5,687$5,305$4,948$4,615$4,303$3,639
8 years$4,926$4,548$4,197$3,871$3,570$2,937
9 years$4,334$3,960$3,615$3,298$3,007$2,405
10 years$3,861$3,490$3,151$2,842$2,562$1,990
11 years$3,475$3,107$2,774$2,474$2,203$1,662
12 years$3,152$2,789$2,462$2,170$1,909$1,397
13 years$2,880$2,520$2,200$1,916$1,665$1,181
14 years$2,647$2,291$1,977$1,701$1,459$1,003
15 years$2,445$2,093$1,785$1,517$1,285$855
16 years$2,268$1,920$1,618$1,358$1,136$731
17 years$2,113$1,768$1,472$1,220$1,007$627
18 years$1,975$1,634$1,344$1,100$895$539
19 years$1,851$1,514$1,230$994$798$464
20 years$1,740$1,407$1,129$900$713$400
21 years$1,640$1,311$1,039$817$638$345
22 years$1,549$1,224$957$743$572$299
23 years$1,466$1,144$884$676$513$258
24 years$1,390$1,072$817$617$461$224
25 years$1,320$1,006$757$563$415$194
26 years$1,256$946$702$515$374$168
27 years$1,196$890$652$471$337$146
28 years$1,141$839$606$432$304$127
29 years$1,090$791$564$396$275$110
30 years$1,042$747$525$363$248$96
31 years$998$706$490$334$224$83
32 years$956$668$457$307$203$72
33 years$917$633$427$282$184$63
34 years$880$600$399$260$166$55
35 years$846$569$373$239$151$48
36 years$813$540$349$220$136$41
37 years$782$513$326$203$124$36
38 years$753$487$306$187$112$31
39 years$726$463$286$172$102$27
40 years$700$441$268$159$92$24
41 years$675$420$252$147$84$21
42 years$652$400$236$135$76$18
43 years$630$381$222$125$69$16
44 years$608$363$208$115$63$14
45 years$588$346$195$107$57$12
46 years$569$330$183$98$52$10
47 years$550$315$172$91$47$9
48 years$533$301$162$84$43$8
49 years$516$287$152$78$39$7
50 years$500$274$143$72$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $512,000, adding $2,379 every year, while hoping to spend $22,768 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: 75/11/14 Blend
44$512,000$512,000$512,000$512,000
45$566,678$539,542$531,606$607,323
46$600,254$541,755$525,190$636,710
47$636,492$543,312$517,796$665,837
48$675,639$544,160$509,367$697,138
49$717,967$544,236$499,843$730,823
50$763,775$543,479$489,163$767,124
51$813,392$541,821$477,262$806,293
52$867,178$539,191$464,071$848,613
53$925,531$535,513$449,518$894,391
54$988,889$530,706$433,530$943,970
55$1,057,731$524,686$416,029$997,726
56$1,132,586$517,362$396,932$1,056,073
57$1,214,035$508,638$376,155$1,119,468
58$1,302,719$498,414$353,609$1,188,416
59$1,399,342$486,582$329,200$1,263,474
60$1,504,678$473,028$302,832$1,345,254
61$1,619,581$457,631$274,402$1,434,433
62$1,744,989$440,265$243,805$1,531,756
63$1,881,934$420,795$210,929$1,638,047
64$2,031,556$399,078$175,659$1,754,212
65$2,195,105$374,964$137,874$1,881,251
66$2,373,960$348,292$97,448$2,020,267
67$2,569,640$318,894$54,248$2,172,477
68$2,783,816$286,592$8,138$2,339,221
69$3,018,327$251,198$0$2,521,977
70$3,275,202$212,512$0$2,728,513
71$3,556,672$170,324$0$2,956,186
72$3,865,194$124,412$0$3,205,786
73$4,203,477$74,541$0$3,479,523
74$4,574,502$20,463$0$3,779,832
75$4,981,552$0$0$4,109,398
76$5,428,246$0$0$4,475,789
77$5,918,568$0$0$4,880,704
78$6,456,907$0$0$5,325,295
79$7,048,098$0$0$5,813,557
80$7,697,467$0$0$6,349,892
81$8,410,881$0$0$6,939,148
82$9,194,804$0$0$7,586,669
83$10,056,356$0$0$8,298,337
84$11,003,383$0$0$9,080,638
85$12,044,527$0$0$9,940,713
86$13,189,309$0$0$10,886,432
87$14,448,221$0$0$11,926,465
88$15,832,820$0$0$13,070,364
89$17,355,842$0$0$14,328,654
90$19,031,315$0$0$15,712,931
91$20,874,701$0$0$17,235,970
92$22,903,030$0$0$18,911,850
93$25,135,071$0$0$20,756,081
94$27,591,502$0$0$22,785,752
95$30,295,108$0$0$25,019,695
96$33,270,993$0$0$27,478,660
97$36,546,822$0$0$30,185,507
98$40,153,073$0$0$33,165,430
99$44,123,334$0$0$36,446,187
100$48,494,613$0$0$40,058,364