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%14.3%
1 years$42,776$42,395$42,023$41,660$41,306$40,572
2 years$21,176$20,782$20,400$20,029$19,670$18,932
3 years$13,977$13,581$13,200$12,833$12,479$11,762
4 years$10,378$9,984$9,606$9,245$8,900$8,208
5 years$8,220$7,827$7,455$7,101$6,766$6,101
6 years$6,781$6,392$6,025$5,679$5,354$4,717
7 years$5,754$5,368$5,006$4,669$4,354$3,746
8 years$4,984$4,601$4,246$3,917$3,612$3,032
9 years$4,385$4,006$3,657$3,336$3,042$2,490
10 years$3,907$3,531$3,188$2,876$2,592$2,068
11 years$3,515$3,144$2,807$2,503$2,229$1,732
12 years$3,189$2,821$2,491$2,195$1,932$1,461
13 years$2,914$2,550$2,226$1,938$1,684$1,239
14 years$2,678$2,318$2,000$1,720$1,477$1,056
15 years$2,474$2,117$1,805$1,534$1,300$903
16 years$2,295$1,943$1,637$1,374$1,149$775
17 years$2,138$1,789$1,490$1,234$1,019$667
18 years$1,998$1,653$1,360$1,112$906$575
19 years$1,873$1,532$1,245$1,005$807$497
20 years$1,761$1,424$1,142$910$721$430
21 years$1,659$1,326$1,051$826$645$373
22 years$1,567$1,238$968$751$578$324
23 years$1,483$1,158$894$684$519$281
24 years$1,406$1,085$827$624$467$245
25 years$1,335$1,018$766$570$420$213
26 years$1,270$957$710$521$378$185
27 years$1,210$900$660$477$341$162
28 years$1,155$848$613$437$308$141
29 years$1,103$800$571$401$278$123
30 years$1,054$756$532$368$251$107
31 years$1,009$715$496$338$227$94
32 years$967$676$462$310$205$82
33 years$928$640$432$285$186$71
34 years$891$607$403$263$168$62
35 years$856$576$377$242$152$54
36 years$823$546$353$223$138$48
37 years$792$519$330$205$125$42
38 years$762$493$309$189$113$36
39 years$735$469$290$174$103$32
40 years$708$446$272$161$93$28
41 years$683$425$255$148$85$24
42 years$659$404$239$137$77$21
43 years$637$385$224$126$70$19
44 years$615$367$210$117$63$16
45 years$595$350$198$108$57$14
46 years$575$334$186$100$52$12
47 years$557$319$174$92$47$11
48 years$539$304$164$85$43$10
49 years$522$291$154$79$39$8
50 years$506$278$145$73$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $518,000, adding $6,106 every year, while hoping to spend $24,302 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: 66/27/7 Blend
44$518,000$518,000$518,000$518,000
45$577,134$549,680$541,651$614,111
46$610,145$550,758$533,940$640,533
47$645,708$551,073$525,155$665,920
48$684,058$550,564$515,236$693,021
49$725,454$549,163$504,118$721,999
50$770,178$546,800$491,733$753,037
51$818,542$543,398$478,012$786,333
52$870,887$538,879$462,880$822,110
53$927,591$533,158$446,260$860,610
54$989,067$526,144$428,071$902,104
55$1,055,769$517,743$408,229$946,889
56$1,128,199$507,853$386,645$995,295
57$1,206,905$496,368$363,228$1,047,685
58$1,292,494$483,174$337,880$1,104,460
59$1,385,631$468,152$310,502$1,166,063
60$1,487,049$451,176$280,988$1,232,984
61$1,597,554$432,110$249,227$1,305,763
62$1,718,034$410,812$215,106$1,384,997
63$1,849,465$387,134$178,503$1,471,346
64$1,992,922$360,915$139,295$1,565,537
65$2,149,589$331,988$97,349$1,668,374
66$2,320,767$300,175$52,531$1,780,745
67$2,507,890$265,289$4,696$1,903,628
68$2,712,538$227,132$0$2,038,105
69$2,936,449$185,493$0$2,188,832
70$3,181,536$140,151$0$2,354,264
71$3,449,908$90,874$0$2,535,518
72$3,743,885$37,413$0$2,734,210
73$4,066,023$0$0$2,952,127
74$4,419,138$0$0$3,197,325
75$4,806,330$0$0$3,478,408
76$5,231,013$0$0$3,786,742
77$5,696,948$0$0$4,125,063
78$6,208,278$0$0$4,496,383
79$6,769,567$0$0$4,904,020
80$7,385,840$0$0$5,351,630
81$8,062,636$0$0$5,843,240
82$8,806,053$0$0$6,383,284
83$9,622,810$0$0$6,976,650
84$10,520,312$0$0$7,628,721
85$11,506,711$0$0$8,345,427
86$12,590,993$0$0$9,133,303
87$13,783,056$0$0$9,999,546
88$15,093,804$0$0$10,952,087
89$16,535,252$0$0$11,999,664
90$18,120,637$0$0$13,151,903
91$19,864,543$0$0$14,419,412
92$21,783,038$0$0$15,813,875
93$23,893,829$0$0$17,348,170
94$26,216,421$0$0$19,036,484
95$28,772,308$0$0$20,894,447
96$31,585,172$0$0$22,939,285
97$34,681,109$0$0$25,189,974
98$38,088,870$0$0$27,667,427
99$41,840,137$0$0$30,394,684
100$45,969,818$0$0$33,397,135