Can I retire at age 45 with 512,000?

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 $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%14.6%
1 years$42,280$41,904$41,536$41,178$40,828$40,052
2 years$20,931$20,541$20,163$19,797$19,442$18,664
3 years$13,815$13,424$13,047$12,684$12,335$11,578
4 years$10,258$9,868$9,495$9,138$8,797$8,068
5 years$8,125$7,737$7,368$7,019$6,687$5,988
6 years$6,703$6,318$5,955$5,613$5,292$4,622
7 years$5,687$5,305$4,948$4,615$4,303$3,664
8 years$4,926$4,548$4,197$3,871$3,570$2,961
9 years$4,334$3,960$3,615$3,298$3,007$2,427
10 years$3,861$3,490$3,151$2,842$2,562$2,012
11 years$3,475$3,107$2,774$2,474$2,203$1,682
12 years$3,152$2,789$2,462$2,170$1,909$1,415
13 years$2,880$2,520$2,200$1,916$1,665$1,198
14 years$2,647$2,291$1,977$1,701$1,459$1,019
15 years$2,445$2,093$1,785$1,517$1,285$870
16 years$2,268$1,920$1,618$1,358$1,136$745
17 years$2,113$1,768$1,472$1,220$1,007$640
18 years$1,975$1,634$1,344$1,100$895$550
19 years$1,851$1,514$1,230$994$798$475
20 years$1,740$1,407$1,129$900$713$410
21 years$1,640$1,311$1,039$817$638$355
22 years$1,549$1,224$957$743$572$307
23 years$1,466$1,144$884$676$513$266
24 years$1,390$1,072$817$617$461$231
25 years$1,320$1,006$757$563$415$200
26 years$1,256$946$702$515$374$174
27 years$1,196$890$652$471$337$151
28 years$1,141$839$606$432$304$132
29 years$1,090$791$564$396$275$115
30 years$1,042$747$525$363$248$100
31 years$998$706$490$334$224$87
32 years$956$668$457$307$203$76
33 years$917$633$427$282$184$66
34 years$880$600$399$260$166$57
35 years$846$569$373$239$151$50
36 years$813$540$349$220$136$44
37 years$782$513$326$203$124$38
38 years$753$487$306$187$112$33
39 years$726$463$286$172$102$29
40 years$700$441$268$159$92$25
41 years$675$420$252$147$84$22
42 years$652$400$236$135$76$19
43 years$630$381$222$125$69$17
44 years$608$363$208$115$63$15
45 years$588$346$195$107$57$13
46 years$569$330$183$98$52$11
47 years$550$315$172$91$47$10
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 $2,333 every year, while hoping to spend $36,673 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: 57/23/20 Blend
44$512,000$512,000$512,000$512,000
45$566,630$539,494$531,558$595,777
46$585,407$526,910$510,346$603,303
47$604,870$512,480$487,194$607,355
48$625,050$496,074$461,998$610,961
49$645,980$477,557$434,650$614,088
50$667,697$456,784$405,037$616,699
51$690,237$433,602$373,041$618,756
52$713,641$407,848$338,538$620,221
53$737,951$379,352$301,398$621,052
54$763,214$347,932$261,487$621,206
55$789,479$313,398$218,664$620,640
56$816,798$275,546$172,781$619,308
57$845,227$234,164$123,685$617,160
58$874,827$189,025$71,216$614,149
59$905,663$139,891$15,205$610,222
60$937,805$86,510$0$605,327
61$971,328$28,615$0$608,920
62$1,006,313$0$0$615,515
63$1,042,848$0$0$630,471
64$1,081,027$0$0$653,679
65$1,120,952$0$0$677,958
66$1,162,734$0$0$703,379
67$1,206,492$0$0$730,015
68$1,252,356$0$0$757,948
69$1,300,466$0$0$787,263
70$1,350,975$0$0$818,057
71$1,404,048$0$0$850,433
72$1,459,867$0$0$884,502
73$1,518,625$0$0$920,387
74$1,580,538$0$0$958,221
75$1,645,836$0$0$998,148
76$1,714,774$0$0$1,040,327
77$1,787,627$0$0$1,084,930
78$1,864,696$0$0$1,132,145
79$1,946,310$0$0$1,182,177
80$2,032,828$0$0$1,235,250
81$2,124,643$0$0$1,291,611
82$2,222,184$0$0$1,351,527
83$2,325,920$0$0$1,415,292
84$2,436,364$0$0$1,483,226
85$2,554,080$0$0$1,555,683
86$2,679,684$0$0$1,633,048
87$2,813,848$0$0$1,715,742
88$2,957,314$0$0$1,804,228
89$3,110,892$0$0$1,899,015
90$3,275,471$0$0$2,000,659
91$3,452,025$0$0$2,109,771
92$3,641,626$0$0$2,227,021
93$3,845,447$0$0$2,353,146
94$4,064,777$0$0$2,488,953
95$4,301,033$0$0$2,635,329
96$4,555,768$0$0$2,793,249
97$4,830,692$0$0$2,963,785
98$5,127,680$0$0$3,148,112
99$5,448,795$0$0$3,347,524
100$5,796,304$0$0$3,563,443