Can I retire at age 45 with 516,000?

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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$42,611$42,231$41,861$41,499$41,147$40,870
2 years$21,094$20,702$20,321$19,952$19,594$19,315
3 years$13,923$13,529$13,149$12,783$12,431$12,158
4 years$10,338$9,945$9,569$9,210$8,866$8,602
5 years$8,188$7,797$7,426$7,074$6,740$6,485
6 years$6,755$6,367$6,001$5,657$5,333$5,087
7 years$5,732$5,347$4,987$4,651$4,337$4,101
8 years$4,965$4,583$4,229$3,902$3,598$3,372
9 years$4,368$3,991$3,643$3,323$3,030$2,813
10 years$3,891$3,517$3,176$2,865$2,582$2,374
11 years$3,502$3,131$2,796$2,493$2,220$2,022
12 years$3,177$2,811$2,481$2,187$1,924$1,735
13 years$2,903$2,540$2,217$1,931$1,678$1,498
14 years$2,668$2,309$1,992$1,714$1,471$1,299
15 years$2,464$2,109$1,798$1,528$1,295$1,132
16 years$2,286$1,935$1,631$1,369$1,145$990
17 years$2,129$1,782$1,484$1,230$1,015$868
18 years$1,990$1,647$1,354$1,108$902$763
19 years$1,866$1,526$1,240$1,001$804$673
20 years$1,754$1,418$1,138$907$718$594
21 years$1,653$1,321$1,047$823$643$525
22 years$1,561$1,233$965$748$576$466
23 years$1,477$1,153$891$682$517$413
24 years$1,401$1,081$824$622$465$367
25 years$1,330$1,014$763$568$418$326
26 years$1,266$953$708$519$377$290
27 years$1,206$897$657$475$340$258
28 years$1,150$845$611$435$307$230
29 years$1,098$797$568$399$277$205
30 years$1,050$753$529$366$250$183
31 years$1,005$712$494$336$226$163
32 years$963$674$461$309$205$146
33 years$924$638$430$284$185$130
34 years$887$605$402$262$168$116
35 years$852$573$376$241$152$104
36 years$820$544$351$222$138$93
37 years$789$517$329$204$125$83
38 years$759$491$308$188$113$74
39 years$732$467$289$174$102$67
40 years$705$444$270$160$93$60
41 years$681$423$254$148$84$53
42 years$657$403$238$136$77$48
43 years$634$384$223$126$69$43
44 years$613$366$210$116$63$38
45 years$593$349$197$107$57$34
46 years$573$333$185$99$52$31
47 years$555$318$174$92$47$27
48 years$537$303$163$85$43$25
49 years$520$290$153$78$39$22
50 years$504$277$144$72$35$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $516,000, adding $6,922 every year, while hoping to spend $26,686 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: 42/49/9 Blend
44$516,000$516,000$516,000$516,000
45$575,772$548,424$540,426$598,155
46$606,107$546,903$530,137$612,939
47$638,642$544,413$518,608$625,707
48$673,573$540,879$505,771$638,928
49$711,115$536,220$491,552$652,653
50$751,505$530,350$475,875$666,941
51$795,002$523,181$458,660$681,858
52$841,891$514,616$439,824$697,478
53$892,486$504,554$419,280$713,888
54$947,130$492,888$396,937$731,182
55$1,006,201$479,504$372,698$749,469
56$1,070,115$464,281$346,466$768,869
57$1,139,330$447,093$318,135$789,519
58$1,214,345$427,805$287,596$811,573
59$1,295,715$406,274$254,737$835,201
60$1,384,046$382,349$219,439$860,597
61$1,480,006$355,872$181,578$887,976
62$1,584,330$326,673$141,023$917,580
63$1,697,826$294,574$97,642$949,678
64$1,821,382$259,386$51,291$984,574
65$1,955,979$220,912$1,825$1,022,602
66$2,102,692$178,940$0$1,064,140
67$2,262,707$133,248$0$1,114,502
68$2,437,328$83,602$0$1,169,765
69$2,627,991$29,754$0$1,230,292
70$2,836,276$0$0$1,296,679
71$3,063,923$0$0$1,384,989
72$3,312,848$0$0$1,499,158
73$3,585,161$0$0$1,624,119
74$3,883,183$0$0$1,760,946
75$4,209,471$0$0$1,910,820
76$4,566,843$0$0$2,075,045
77$4,958,399$0$0$2,255,055
78$5,387,554$0$0$2,452,428
79$5,858,070$0$0$2,668,906
80$6,374,090$0$0$2,906,403
81$6,940,176$0$0$3,167,032
82$7,561,355$0$0$3,453,116
83$8,243,162$0$0$3,767,216
84$8,991,697$0$0$4,112,154
85$9,813,675$0$0$4,491,037
86$10,716,497$0$0$4,907,289
87$11,708,314$0$0$5,364,681
88$12,798,107$0$0$5,867,367
89$13,995,769$0$0$6,419,925
90$15,312,198$0$0$7,027,398
91$16,759,402$0$0$7,695,341
92$18,350,609$0$0$8,429,876
93$20,100,395$0$0$9,237,746
94$22,024,817$0$0$10,126,381
95$24,141,566$0$0$11,103,969
96$26,470,136$0$0$12,179,528
97$29,032,002$0$0$13,362,997
98$31,850,830$0$0$14,665,327
99$34,952,691$0$0$16,098,582
100$38,366,314$0$0$17,676,057