Can I retire at age 45 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$42,363$41,986$41,618$41,258$40,907$39,472
2 years$20,972$20,581$20,203$19,836$19,480$18,048
3 years$13,842$13,450$13,072$12,709$12,359$10,977
4 years$10,278$9,887$9,513$9,156$8,814$7,492
5 years$8,140$7,752$7,383$7,033$6,701$5,442
6 years$6,716$6,330$5,966$5,624$5,302$4,107
7 years$5,698$5,316$4,958$4,624$4,312$3,181
8 years$4,936$4,557$4,205$3,879$3,577$2,510
9 years$4,343$3,967$3,622$3,304$3,012$2,007
10 years$3,869$3,497$3,157$2,848$2,567$1,621
11 years$3,481$3,113$2,780$2,479$2,207$1,320
12 years$3,159$2,794$2,467$2,174$1,913$1,082
13 years$2,886$2,525$2,204$1,919$1,668$891
14 years$2,652$2,295$1,980$1,704$1,462$736
15 years$2,450$2,097$1,788$1,520$1,288$611
16 years$2,273$1,924$1,621$1,361$1,138$508
17 years$2,117$1,772$1,475$1,222$1,009$423
18 years$1,978$1,637$1,347$1,102$897$353
19 years$1,855$1,517$1,233$995$800$296
20 years$1,744$1,410$1,131$902$714$247
21 years$1,643$1,313$1,041$818$639$207
22 years$1,552$1,226$959$744$573$174
23 years$1,469$1,147$886$678$514$146
24 years$1,393$1,074$819$618$462$123
25 years$1,323$1,008$759$564$416$103
26 years$1,258$948$704$516$375$87
27 years$1,199$892$653$472$338$73
28 years$1,143$840$607$433$305$61
29 years$1,092$793$565$397$275$52
30 years$1,044$749$526$364$249$43
31 years$1,000$708$491$334$225$37
32 years$958$670$458$307$203$31
33 years$919$634$428$283$184$26
34 years$882$601$399$260$167$22
35 years$847$570$373$239$151$18
36 years$815$541$349$221$137$15
37 years$784$514$327$203$124$13
38 years$755$488$306$187$112$11
39 years$727$464$287$173$102$9
40 years$701$442$269$159$92$8
41 years$677$421$252$147$84$7
42 years$653$401$237$136$76$6
43 years$631$382$222$125$69$5
44 years$610$364$208$116$63$4
45 years$589$347$196$107$57$3
46 years$570$331$184$99$52$3
47 years$551$316$173$91$47$2
48 years$534$301$162$84$43$2
49 years$517$288$152$78$39$2
50 years$501$275$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $513,000, adding $3,840 every year, while hoping to spend $25,588 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: 63/31/6 Blend
44$513,000$513,000$513,000$513,000
45$569,287$542,098$534,146$604,318
46$600,129$541,435$524,815$627,476
47$633,259$539,883$514,313$649,391
48$668,884$537,369$502,575$672,651
49$707,230$533,820$489,531$697,384
50$748,546$529,156$475,109$723,734
51$793,105$523,292$459,233$751,857
52$841,208$516,140$441,824$781,930
53$893,185$507,604$422,798$814,144
54$949,397$497,585$402,070$848,713
55$1,010,245$485,975$379,548$885,874
56$1,076,164$472,663$355,137$925,889
57$1,147,639$457,529$328,740$969,048
58$1,225,197$440,447$300,252$1,015,671
59$1,309,422$421,284$269,565$1,066,112
60$1,400,955$399,898$236,567$1,120,763
61$1,500,500$376,141$201,140$1,180,058
62$1,608,833$349,853$163,160$1,244,477
63$1,726,807$320,870$122,499$1,314,550
64$1,855,362$289,013$79,023$1,390,863
65$1,995,530$254,096$32,592$1,474,065
66$2,148,450$215,922$0$1,564,872
67$2,315,373$174,283$0$1,665,162
68$2,497,677$128,959$0$1,777,021
69$2,696,879$79,718$0$1,899,339
70$2,914,650$26,313$0$2,033,196
71$3,152,828$0$0$2,179,785
72$3,413,439$0$0$2,351,170
73$3,698,710$0$0$2,548,636
74$4,011,098$0$0$2,764,909
75$4,353,306$0$0$3,001,865
76$4,728,311$0$0$3,261,572
77$5,139,392$0$0$3,546,304
78$5,590,161$0$0$3,858,568
79$6,084,594$0$0$4,201,126
80$6,627,072$0$0$4,577,018
81$7,222,422$0$0$4,989,593
82$7,875,958$0$0$5,442,540
83$8,593,536$0$0$5,939,925
84$9,381,604$0$0$6,486,223
85$10,247,269$0$0$7,086,368
86$11,198,357$0$0$7,745,791
87$12,243,491$0$0$8,470,479
88$13,392,170$0$0$9,267,026
89$14,654,859$0$0$10,142,696
90$16,043,088$0$0$11,105,493
91$17,569,559$0$0$12,164,234
92$19,248,268$0$0$13,328,636
93$21,094,634$0$0$14,609,402
94$23,125,645$0$0$16,018,325
95$25,360,019$0$0$17,568,400
96$27,818,379$0$0$19,273,942
97$30,523,448$0$0$21,150,727
98$33,500,263$0$0$23,216,136
99$36,776,412$0$0$25,489,320
100$40,382,290$0$0$27,991,380