Can I retire at age 45 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$42,776$42,395$42,023$41,660$41,306$40,706
2 years$21,176$20,782$20,400$20,029$19,670$19,066
3 years$13,977$13,581$13,200$12,833$12,479$11,891
4 years$10,378$9,984$9,606$9,245$8,900$8,332
5 years$8,220$7,827$7,455$7,101$6,766$6,219
6 years$6,781$6,392$6,025$5,679$5,354$4,830
7 years$5,754$5,368$5,006$4,669$4,354$3,852
8 years$4,984$4,601$4,246$3,917$3,612$3,133
9 years$4,385$4,006$3,657$3,336$3,042$2,585
10 years$3,907$3,531$3,188$2,876$2,592$2,157
11 years$3,515$3,144$2,807$2,503$2,229$1,816
12 years$3,189$2,821$2,491$2,195$1,932$1,539
13 years$2,914$2,550$2,226$1,938$1,684$1,312
14 years$2,678$2,318$2,000$1,720$1,477$1,124
15 years$2,474$2,117$1,805$1,534$1,300$967
16 years$2,295$1,943$1,637$1,374$1,149$835
17 years$2,138$1,789$1,490$1,234$1,019$722
18 years$1,998$1,653$1,360$1,112$906$627
19 years$1,873$1,532$1,245$1,005$807$545
20 years$1,761$1,424$1,142$910$721$474
21 years$1,659$1,326$1,051$826$645$414
22 years$1,567$1,238$968$751$578$361
23 years$1,483$1,158$894$684$519$316
24 years$1,406$1,085$827$624$467$276
25 years$1,335$1,018$766$570$420$242
26 years$1,270$957$710$521$378$212
27 years$1,210$900$660$477$341$186
28 years$1,155$848$613$437$308$163
29 years$1,103$800$571$401$278$143
30 years$1,054$756$532$368$251$126
31 years$1,009$715$496$338$227$111
32 years$967$676$462$310$205$97
33 years$928$640$432$285$186$85
34 years$891$607$403$263$168$75
35 years$856$576$377$242$152$66
36 years$823$546$353$223$138$58
37 years$792$519$330$205$125$51
38 years$762$493$309$189$113$45
39 years$735$469$290$174$103$40
40 years$708$446$272$161$93$35
41 years$683$425$255$148$85$31
42 years$659$404$239$137$77$27
43 years$637$385$224$126$70$24
44 years$615$367$210$117$63$21
45 years$595$350$198$108$57$18
46 years$575$334$186$100$52$16
47 years$557$319$174$92$47$14
48 years$539$304$164$85$43$13
49 years$522$291$154$79$39$11
50 years$506$278$145$73$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $518,000, adding $3,311 every year, while hoping to spend $34,847 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: 34/46/20 Blend
44$518,000$518,000$518,000$518,000
45$574,251$546,797$538,768$590,157
46$595,748$536,513$519,740$591,904
47$618,269$524,558$498,907$590,342
48$641,883$510,811$476,170$587,934
49$666,663$495,149$451,430$584,626
50$692,689$477,437$424,579$580,363
51$720,047$457,535$395,506$575,085
52$748,832$435,295$364,095$568,732
53$779,146$410,557$330,226$561,243
54$811,100$383,157$293,770$552,551
55$844,818$352,916$254,597$542,591
56$880,431$319,651$212,567$531,293
57$918,083$283,162$167,537$518,588
58$957,934$243,243$119,355$504,402
59$1,000,154$199,673$67,865$488,663
60$1,044,933$152,221$12,902$471,294
61$1,092,477$100,640$0$452,219
62$1,143,011$44,672$0$441,124
63$1,196,780$0$0$431,741
64$1,254,055$0$0$429,351
65$1,315,132$0$0$450,959
66$1,380,332$0$0$474,072
67$1,450,012$0$0$498,821
68$1,524,559$0$0$525,352
69$1,604,398$0$0$553,821
70$1,689,998$0$0$584,403
71$1,781,871$0$0$617,289
72$1,880,579$0$0$652,687
73$1,986,739$0$0$690,827
74$2,101,029$0$0$731,962
75$2,224,193$0$0$776,369
76$2,357,049$0$0$824,352
77$2,500,496$0$0$876,247
78$2,655,519$0$0$932,421
79$2,823,203$0$0$993,278
80$3,004,742$0$0$1,059,265
81$3,201,444$0$0$1,130,869
82$3,414,752$0$0$1,208,629
83$3,646,251$0$0$1,293,136
84$3,897,683$0$0$1,385,042
85$4,170,966$0$0$1,485,062
86$4,468,209$0$0$1,593,985
87$4,791,733$0$0$1,712,678
88$5,144,090$0$0$1,842,095
89$5,528,092$0$0$1,983,286
90$5,946,830$0$0$2,137,407
91$6,403,707$0$0$2,305,731
92$6,902,470$0$0$2,489,659
93$7,447,244$0$0$2,690,733
94$8,042,567$0$0$2,910,651
95$8,693,437$0$0$3,151,283
96$9,405,358$0$0$3,414,688
97$10,184,388$0$0$3,703,131
98$11,037,200$0$0$4,019,111
99$11,971,139$0$0$4,365,376
100$12,994,297$0$0$4,744,953