Can I retire at age 45 with 516,000?

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 $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%16.9%
1 years$42,611$42,231$41,861$41,499$41,147$39,990
2 years$21,094$20,702$20,321$19,952$19,594$18,437
3 years$13,923$13,529$13,149$12,783$12,431$11,311
4 years$10,338$9,945$9,569$9,210$8,866$7,791
5 years$8,188$7,797$7,426$7,074$6,740$5,712
6 years$6,755$6,367$6,001$5,657$5,333$4,354
7 years$5,732$5,347$4,987$4,651$4,337$3,408
8 years$4,965$4,583$4,229$3,902$3,598$2,717
9 years$4,368$3,991$3,643$3,323$3,030$2,196
10 years$3,891$3,517$3,176$2,865$2,582$1,795
11 years$3,502$3,131$2,796$2,493$2,220$1,478
12 years$3,177$2,811$2,481$2,187$1,924$1,226
13 years$2,903$2,540$2,217$1,931$1,678$1,022
14 years$2,668$2,309$1,992$1,714$1,471$855
15 years$2,464$2,109$1,798$1,528$1,295$719
16 years$2,286$1,935$1,631$1,369$1,145$605
17 years$2,129$1,782$1,484$1,230$1,015$511
18 years$1,990$1,647$1,354$1,108$902$433
19 years$1,866$1,526$1,240$1,001$804$367
20 years$1,754$1,418$1,138$907$718$311
21 years$1,653$1,321$1,047$823$643$264
22 years$1,561$1,233$965$748$576$225
23 years$1,477$1,153$891$682$517$192
24 years$1,401$1,081$824$622$465$163
25 years$1,330$1,014$763$568$418$139
26 years$1,266$953$708$519$377$119
27 years$1,206$897$657$475$340$101
28 years$1,150$845$611$435$307$86
29 years$1,098$797$568$399$277$74
30 years$1,050$753$529$366$250$63
31 years$1,005$712$494$336$226$54
32 years$963$674$461$309$205$46
33 years$924$638$430$284$185$39
34 years$887$605$402$262$168$34
35 years$852$573$376$241$152$29
36 years$820$544$351$222$138$25
37 years$789$517$329$204$125$21
38 years$759$491$308$188$113$18
39 years$732$467$289$174$102$15
40 years$705$444$270$160$93$13
41 years$681$423$254$148$84$11
42 years$657$403$238$136$77$10
43 years$634$384$223$126$69$8
44 years$613$366$210$116$63$7
45 years$593$349$197$107$57$6
46 years$573$333$185$99$52$5
47 years$555$318$174$92$47$4
48 years$537$303$163$85$43$4
49 years$520$290$153$78$39$3
50 years$504$277$144$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $516,000, adding $3,755 every year, while hoping to spend $29,155 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: 41/50/9 Blend
44$516,000$516,000$516,000$516,000
45$572,505$545,157$537,159$594,300
46$599,880$540,849$524,133$605,616
47$629,070$535,353$509,694$614,647
48$660,229$528,580$493,763$623,761
49$693,527$520,435$476,259$632,977
50$729,149$510,818$457,095$642,320
51$767,298$499,624$436,184$651,817
52$808,198$486,740$413,431$661,501
53$852,092$472,048$388,739$671,412
54$899,249$455,423$362,005$681,596
55$949,964$436,730$333,124$692,106
56$1,004,559$415,829$301,983$703,004
57$1,063,392$392,572$268,467$714,362
58$1,126,850$366,801$232,453$726,263
59$1,195,364$338,349$193,815$738,800
60$1,269,404$307,041$152,421$752,083
61$1,349,488$272,690$108,131$766,234
62$1,436,183$235,100$60,802$781,395
63$1,530,117$194,063$10,282$797,724
64$1,631,977$149,360$0$815,404
65$1,742,519$100,759$0$838,829
66$1,862,574$48,014$0$865,366
67$1,993,058$0$0$894,305
68$2,134,978$0$0$930,982
69$2,289,440$0$0$999,712
70$2,457,663$0$0$1,074,625
71$2,640,987$0$0$1,156,327
72$2,840,889$0$0$1,245,484
73$3,058,993$0$0$1,342,828
74$3,297,085$0$0$1,449,165
75$3,557,134$0$0$1,565,384
76$3,841,307$0$0$1,692,462
77$4,151,987$0$0$1,831,475
78$4,491,801$0$0$1,983,609
79$4,863,640$0$0$2,150,168
80$5,270,687$0$0$2,332,590
81$5,716,448$0$0$2,532,456
82$6,204,783$0$0$2,751,509
83$6,739,945$0$0$2,991,670
84$7,326,614$0$0$3,255,051
85$7,969,948$0$0$3,543,982
86$8,675,627$0$0$3,861,026
87$9,449,907$0$0$4,209,009
88$10,299,678$0$0$4,591,042
89$11,232,531$0$0$5,010,553
90$12,256,827$0$0$5,471,318
91$13,381,776$0$0$5,977,496
92$14,617,525$0$0$6,533,670
93$15,975,251$0$0$7,144,886
94$17,467,267$0$0$7,816,708
95$19,107,139$0$0$8,555,261
96$20,909,811$0$0$9,367,296
97$22,891,749$0$0$10,260,250
98$25,071,092$0$0$11,242,316
99$27,467,827$0$0$12,322,521
100$30,103,972$0$0$13,510,813