Can I retire at age 45 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$42,693$42,313$41,942$41,580$41,226$40,677
2 years$21,135$20,742$20,360$19,990$19,632$19,079
3 years$13,950$13,555$13,174$12,808$12,455$11,917
4 years$10,358$9,964$9,588$9,227$8,883$8,363
5 years$8,204$7,812$7,440$7,088$6,753$6,252
6 years$6,768$6,379$6,013$5,668$5,343$4,863
7 years$5,743$5,357$4,997$4,660$4,345$3,886
8 years$4,974$4,592$4,238$3,909$3,605$3,165
9 years$4,377$3,998$3,650$3,330$3,036$2,616
10 years$3,899$3,524$3,182$2,870$2,587$2,187
11 years$3,508$3,137$2,801$2,498$2,225$1,844
12 years$3,183$2,816$2,486$2,191$1,928$1,567
13 years$2,908$2,545$2,221$1,934$1,681$1,338
14 years$2,673$2,313$1,996$1,717$1,474$1,149
15 years$2,469$2,113$1,802$1,531$1,298$990
16 years$2,291$1,939$1,634$1,371$1,147$856
17 years$2,133$1,786$1,487$1,232$1,017$743
18 years$1,994$1,650$1,357$1,110$904$646
19 years$1,869$1,529$1,242$1,003$806$562
20 years$1,757$1,421$1,140$909$720$491
21 years$1,656$1,324$1,049$825$644$429
22 years$1,564$1,235$967$750$577$376
23 years$1,480$1,156$892$683$518$329
24 years$1,403$1,083$825$623$466$289
25 years$1,333$1,016$764$569$419$253
26 years$1,268$955$709$520$378$223
27 years$1,208$899$658$476$340$196
28 years$1,152$847$612$436$307$172
29 years$1,101$799$570$400$277$152
30 years$1,052$754$531$367$251$133
31 years$1,007$713$495$337$227$118
32 years$965$675$461$310$205$104
33 years$926$639$431$285$185$91
34 years$889$606$403$262$168$80
35 years$854$574$376$241$152$71
36 years$821$545$352$222$138$63
37 years$790$518$330$205$125$55
38 years$761$492$309$189$113$49
39 years$733$468$289$174$103$43
40 years$707$445$271$161$93$38
41 years$682$424$254$148$85$33
42 years$658$404$238$137$77$30
43 years$636$385$224$126$70$26
44 years$614$367$210$116$63$23
45 years$594$350$197$108$57$20
46 years$574$334$185$99$52$18
47 years$556$318$174$92$47$16
48 years$538$304$163$85$43$14
49 years$521$290$154$78$39$12
50 years$505$277$144$72$35$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $517,000, adding $2,703 every year, while hoping to spend $27,516 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: 71/8/21 Blend
44$517,000$517,000$517,000$517,000
45$572,522$545,121$537,108$610,038
46$601,643$542,555$525,824$632,832
47$632,811$538,941$513,240$654,261
48$666,208$534,199$499,283$677,043
49$702,029$528,244$483,878$701,309
50$740,492$520,984$466,944$727,204
51$781,835$512,324$448,399$754,886
52$826,318$502,164$428,156$784,534
53$874,226$490,394$406,123$816,342
54$925,876$476,902$382,207$850,526
55$981,613$461,567$356,308$887,326
56$1,041,815$444,262$328,322$927,005
57$1,106,900$424,850$298,141$969,854
58$1,177,327$403,191$265,651$1,016,197
59$1,253,599$379,132$230,736$1,066,388
60$1,336,271$352,515$193,270$1,120,822
61$1,425,951$323,169$153,126$1,179,934
62$1,523,311$290,917$110,168$1,244,202
63$1,629,086$255,569$64,256$1,314,159
64$1,744,089$216,928$15,244$1,390,389
65$1,869,209$174,781$0$1,473,540
66$2,005,430$128,906$0$1,572,630
67$2,153,830$79,069$0$1,684,330
68$2,315,598$25,021$0$1,806,128
69$2,492,042$0$0$1,939,027
70$2,684,601$0$0$2,087,077
71$2,894,861$0$0$2,251,165
72$3,124,563$0$0$2,430,454
73$3,375,631$0$0$2,626,444
74$3,650,176$0$0$2,840,790
75$3,950,527$0$0$3,075,313
76$4,279,247$0$0$3,332,017
77$4,639,159$0$0$3,613,110
78$5,033,369$0$0$3,921,023
79$5,465,300$0$0$4,258,434
80$5,938,723$0$0$4,628,290
81$6,457,787$0$0$5,033,840
82$7,027,065$0$0$5,478,661
83$7,651,593$0$0$5,966,691
84$8,336,917$0$0$6,502,270
85$9,089,147$0$0$7,090,179
86$9,915,014$0$0$7,735,681
87$10,821,931$0$0$8,444,577
88$11,818,064$0$0$9,223,255
89$12,912,410$0$0$10,078,755
90$14,114,879$0$0$11,018,830
91$15,436,391$0$0$12,052,022
92$16,888,974$0$0$13,187,741
93$18,485,879$0$0$14,436,356
94$20,241,707$0$0$15,809,289
95$22,172,542$0$0$17,319,124
96$24,296,108$0$0$18,979,727
97$26,631,929$0$0$20,806,374
98$29,201,519$0$0$22,815,897
99$32,028,580$0$0$25,026,840
100$35,139,230$0$0$27,459,636