Can I retire at age 45 with 518,000?

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 $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%20%
1 years$42,776$42,395$42,023$41,660$41,306$39,652
2 years$21,176$20,782$20,400$20,029$19,670$18,023
3 years$13,977$13,581$13,200$12,833$12,479$10,893
4 years$10,378$9,984$9,606$9,245$8,900$7,387
5 years$8,220$7,827$7,455$7,101$6,766$5,328
6 years$6,781$6,392$6,025$5,679$5,354$3,993
7 years$5,754$5,368$5,006$4,669$4,354$3,070
8 years$4,984$4,601$4,246$3,917$3,612$2,403
9 years$4,385$4,006$3,657$3,336$3,042$1,906
10 years$3,907$3,531$3,188$2,876$2,592$1,527
11 years$3,515$3,144$2,807$2,503$2,229$1,233
12 years$3,189$2,821$2,491$2,195$1,932$1,002
13 years$2,914$2,550$2,226$1,938$1,684$818
14 years$2,678$2,318$2,000$1,720$1,477$670
15 years$2,474$2,117$1,805$1,534$1,300$550
16 years$2,295$1,943$1,637$1,374$1,149$453
17 years$2,138$1,789$1,490$1,234$1,019$374
18 years$1,998$1,653$1,360$1,112$906$309
19 years$1,873$1,532$1,245$1,005$807$256
20 years$1,761$1,424$1,142$910$721$212
21 years$1,659$1,326$1,051$826$645$176
22 years$1,567$1,238$968$751$578$146
23 years$1,483$1,158$894$684$519$122
24 years$1,406$1,085$827$624$467$101
25 years$1,335$1,018$766$570$420$84
26 years$1,270$957$710$521$378$70
27 years$1,210$900$660$477$341$58
28 years$1,155$848$613$437$308$48
29 years$1,103$800$571$401$278$40
30 years$1,054$756$532$368$251$34
31 years$1,009$715$496$338$227$28
32 years$967$676$462$310$205$23
33 years$928$640$432$285$186$19
34 years$891$607$403$263$168$16
35 years$856$576$377$242$152$13
36 years$823$546$353$223$138$11
37 years$792$519$330$205$125$9
38 years$762$493$309$189$113$8
39 years$735$469$290$174$103$6
40 years$708$446$272$161$93$5
41 years$683$425$255$148$85$4
42 years$659$404$239$137$77$4
43 years$637$385$224$126$70$3
44 years$615$367$210$117$63$3
45 years$595$350$198$108$57$2
46 years$575$334$186$100$52$2
47 years$557$319$174$92$47$2
48 years$539$304$164$85$43$1
49 years$522$291$154$79$39$1
50 years$506$278$145$73$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $518,000, adding $6,026 every year, while hoping to spend $34,247 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: 75/6/19 Blend
44$518,000$518,000$518,000$518,000
45$577,052$549,598$541,569$617,337
46$599,473$540,090$523,273$635,336
47$623,032$528,968$503,216$650,269
48$647,811$516,117$481,304$665,738
49$673,897$501,415$457,436$681,790
50$701,383$484,733$431,508$698,475
51$730,373$465,934$403,413$715,846
52$760,980$444,874$373,036$733,968
53$793,326$421,399$340,259$752,907
54$827,546$395,348$304,958$772,740
55$863,785$366,549$267,004$793,552
56$902,202$334,821$226,260$815,437
57$942,974$299,974$182,586$838,499
58$986,289$261,805$135,835$862,856
59$1,032,357$220,100$85,852$888,634
60$1,081,407$174,634$32,478$915,978
61$1,133,687$125,169$0$945,047
62$1,189,473$71,451$0$980,979
63$1,249,063$13,216$0$1,026,357
64$1,312,787$0$0$1,074,842
65$1,381,005$0$0$1,130,004
66$1,454,111$0$0$1,190,068
67$1,532,541$0$0$1,254,519
68$1,616,769$0$0$1,323,751
69$1,707,317$0$0$1,398,195
70$1,804,758$0$0$1,478,324
71$1,909,722$0$0$1,564,658
72$2,022,901$0$0$1,657,768
73$2,145,052$0$0$1,758,280
74$2,277,012$0$0$1,866,884
75$2,419,696$0$0$1,984,338
76$2,574,112$0$0$2,111,473
77$2,741,368$0$0$2,249,206
78$2,922,683$0$0$2,398,541
79$3,119,395$0$0$2,560,586
80$3,332,977$0$0$2,736,558
81$3,565,050$0$0$2,927,795
82$3,817,395$0$0$3,135,769
83$4,091,975$0$0$3,362,100
84$4,390,945$0$0$3,608,572
85$4,716,681$0$0$3,877,145
86$5,071,794$0$0$4,169,979
87$5,459,160$0$0$4,489,448
88$5,881,944$0$0$4,838,169
89$6,343,629$0$0$5,219,019
90$6,848,050$0$0$5,635,168
91$7,399,430$0$0$6,090,103
92$8,002,416$0$0$6,587,667
93$8,662,126$0$0$7,132,088
94$9,384,196$0$0$7,728,023
95$10,174,830$0$0$8,380,600
96$11,040,863$0$0$9,095,466
97$11,989,820$0$0$9,878,840
98$13,029,988$0$0$10,737,570
99$14,170,495$0$0$11,679,200
100$15,421,394$0$0$12,712,038