Can I retire at age 45 with 514,000?

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 $514,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$42,446$42,068$41,699$41,339$40,987$39,980
2 years$21,013$20,621$20,242$19,874$19,518$18,509
3 years$13,869$13,476$13,098$12,734$12,383$11,405
4 years$10,298$9,906$9,532$9,174$8,832$7,891
5 years$8,156$7,767$7,397$7,046$6,714$5,813
6 years$6,729$6,342$5,978$5,635$5,312$4,453
7 years$5,709$5,326$4,968$4,633$4,320$3,503
8 years$4,945$4,566$4,213$3,886$3,584$2,808
9 years$4,351$3,975$3,629$3,310$3,018$2,282
10 years$3,876$3,504$3,164$2,854$2,572$1,875
11 years$3,488$3,119$2,785$2,483$2,212$1,554
12 years$3,165$2,800$2,472$2,178$1,917$1,296
13 years$2,891$2,530$2,208$1,923$1,671$1,087
14 years$2,657$2,300$1,984$1,707$1,465$915
15 years$2,454$2,101$1,791$1,522$1,290$774
16 years$2,277$1,928$1,624$1,363$1,140$656
17 years$2,121$1,775$1,478$1,225$1,011$558
18 years$1,982$1,640$1,349$1,104$899$475
19 years$1,858$1,520$1,235$997$801$405
20 years$1,747$1,413$1,134$903$716$347
21 years$1,646$1,316$1,043$820$640$296
22 years$1,555$1,228$961$745$574$254
23 years$1,472$1,149$887$679$515$218
24 years$1,395$1,076$821$619$463$187
25 years$1,325$1,010$760$565$417$160
26 years$1,261$949$705$517$375$138
27 years$1,201$893$655$473$338$118
28 years$1,146$842$608$434$305$102
29 years$1,094$794$566$398$276$88
30 years$1,046$750$527$365$249$75
31 years$1,002$709$492$335$225$65
32 years$960$671$459$308$204$56
33 years$920$635$428$283$184$48
34 years$884$602$400$261$167$41
35 years$849$571$374$240$151$36
36 years$816$542$350$221$137$31
37 years$786$515$328$204$124$26
38 years$756$489$307$188$113$23
39 years$729$465$287$173$102$20
40 years$703$443$269$160$93$17
41 years$678$421$253$147$84$15
42 years$654$401$237$136$76$13
43 years$632$382$222$125$69$11
44 years$611$364$209$116$63$9
45 years$590$348$196$107$57$8
46 years$571$332$184$99$52$7
47 years$553$316$173$91$47$6
48 years$535$302$163$84$43$5
49 years$518$288$153$78$39$4
50 years$502$276$144$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $514,000, adding $2,092 every year, while hoping to spend $29,275 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: 76/14/10 Blend
44$514,000$514,000$514,000$514,000
45$568,586$541,344$533,377$610,639
46$595,433$536,721$520,097$633,995
47$624,038$530,891$505,390$655,662
48$654,548$523,763$489,179$678,581
49$687,127$515,242$471,381$702,867
50$721,951$505,226$451,910$728,644
51$759,217$493,609$430,676$756,052
52$799,138$480,277$407,585$785,243
53$841,949$465,110$382,538$816,386
54$887,908$447,981$355,433$849,667
55$937,297$428,754$326,163$885,294
56$990,427$407,289$294,615$923,492
57$1,047,638$383,434$260,672$964,513
58$1,109,305$357,029$224,212$1,008,636
59$1,175,838$327,908$185,107$1,056,165
60$1,247,689$295,891$143,223$1,107,440
61$1,325,354$260,790$98,422$1,162,834
62$1,409,379$222,407$50,558$1,222,760
63$1,500,363$180,532$0$1,287,673
64$1,598,964$134,943$0$1,358,132
65$1,705,909$85,405$0$1,440,398
66$1,821,992$31,671$0$1,529,702
67$1,948,092$0$0$1,626,738
68$2,085,172$0$0$1,736,361
69$2,234,294$0$0$1,860,937
70$2,396,623$0$0$1,996,566
71$2,573,444$0$0$2,144,322
72$2,766,171$0$0$2,305,388
73$2,976,358$0$0$2,481,067
74$3,205,718$0$0$2,672,792
75$3,456,133$0$0$2,882,140
76$3,729,680$0$0$3,110,849
77$4,028,640$0$0$3,360,830
78$4,355,528$0$0$3,634,188
79$4,713,112$0$0$3,933,242
80$5,104,439$0$0$4,260,542
81$5,532,865$0$0$4,618,900
82$6,002,085$0$0$5,011,409
83$6,516,168$0$0$5,441,477
84$7,079,597$0$0$5,912,858
85$7,697,308$0$0$6,429,685
86$8,374,736$0$0$6,996,510
87$9,117,870$0$0$7,618,348
88$9,933,303$0$0$8,300,722
89$10,828,301$0$0$9,049,714
90$11,810,866$0$0$9,872,027
91$12,889,812$0$0$10,775,042
92$14,074,849$0$0$11,766,890
93$15,376,674$0$0$12,856,530
94$16,807,069$0$0$14,053,830
95$18,379,017$0$0$15,369,662
96$20,106,819$0$0$16,816,002
97$22,006,231$0$0$18,406,045
98$24,094,611$0$0$20,154,330
99$26,391,084$0$0$22,076,872
100$28,916,719$0$0$24,191,318