Can I retire at age 45 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$42,941$42,559$42,185$41,821$41,466$40,447
2 years$21,258$20,862$20,478$20,106$19,745$18,725
3 years$14,031$13,634$13,251$12,882$12,527$11,538
4 years$10,419$10,022$9,643$9,281$8,935$7,983
5 years$8,251$7,857$7,484$7,129$6,792$5,881
6 years$6,807$6,416$6,048$5,701$5,374$4,505
7 years$5,776$5,388$5,026$4,687$4,371$3,544
8 years$5,003$4,619$4,262$3,932$3,626$2,840
9 years$4,402$4,021$3,671$3,349$3,054$2,309
10 years$3,922$3,545$3,201$2,887$2,602$1,897
11 years$3,529$3,156$2,818$2,512$2,238$1,572
12 years$3,202$2,832$2,501$2,204$1,939$1,311
13 years$2,925$2,560$2,234$1,946$1,691$1,100
14 years$2,688$2,327$2,007$1,727$1,482$926
15 years$2,483$2,125$1,812$1,540$1,305$783
16 years$2,304$1,950$1,643$1,379$1,153$664
17 years$2,146$1,796$1,495$1,239$1,023$564
18 years$2,005$1,660$1,365$1,117$909$481
19 years$1,880$1,538$1,250$1,009$811$410
20 years$1,767$1,429$1,147$914$724$351
21 years$1,665$1,331$1,055$829$648$300
22 years$1,573$1,243$972$754$581$257
23 years$1,489$1,162$898$687$521$220
24 years$1,412$1,089$830$626$469$189
25 years$1,341$1,022$769$572$422$162
26 years$1,275$960$713$523$380$139
27 years$1,215$904$662$479$342$120
28 years$1,159$852$616$439$309$103
29 years$1,107$804$573$402$279$89
30 years$1,058$759$534$369$252$76
31 years$1,013$717$497$339$228$66
32 years$971$679$464$312$206$57
33 years$931$643$433$287$187$49
34 years$894$609$405$264$169$42
35 years$859$578$379$243$153$36
36 years$826$548$354$224$139$31
37 years$795$521$331$206$126$27
38 years$765$495$310$190$114$23
39 years$737$471$291$175$103$20
40 years$711$448$273$161$94$17
41 years$686$426$256$149$85$15
42 years$662$406$240$137$77$13
43 years$639$387$225$127$70$11
44 years$618$369$211$117$64$9
45 years$597$352$198$108$58$8
46 years$578$335$186$100$52$7
47 years$559$320$175$92$48$6
48 years$541$306$164$85$43$5
49 years$524$292$155$79$39$4
50 years$508$279$145$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $520,000, adding $5,937 every year, while hoping to spend $32,549 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: 64/11/25 Blend
44$520,000$520,000$520,000$520,000
45$579,164$551,604$543,544$612,076
46$603,607$544,001$527,121$627,416
47$629,452$534,934$509,057$640,017
48$656,808$524,298$489,262$653,058
49$685,794$511,980$467,643$666,586
50$716,539$497,860$444,103$680,653
51$749,184$481,815$418,540$695,318
52$783,886$463,709$390,846$710,649
53$820,814$443,401$360,910$726,719
54$860,152$420,744$328,617$743,613
55$902,106$395,578$293,843$761,423
56$946,896$367,736$256,462$780,256
57$994,767$337,043$216,341$800,228
58$1,045,986$303,312$173,342$821,471
59$1,100,848$266,345$127,320$844,132
60$1,159,672$225,933$78,123$868,375
61$1,222,813$181,858$25,594$894,382
62$1,290,656$133,886$0$922,357
63$1,363,628$81,771$0$960,653
64$1,442,195$25,255$0$1,009,212
65$1,526,869$0$0$1,061,528
66$1,618,214$0$0$1,122,315
67$1,716,847$0$0$1,191,281
68$1,823,448$0$0$1,265,848
69$1,938,764$0$0$1,346,542
70$2,063,616$0$0$1,433,942
71$2,198,907$0$0$1,528,683
72$2,345,629$0$0$1,631,465
73$2,504,873$0$0$1,743,056
74$2,677,839$0$0$1,864,303
75$2,865,849$0$0$1,996,136
76$3,070,353$0$0$2,139,579
77$3,292,952$0$0$2,295,758
78$3,535,401$0$0$2,465,912
79$3,799,638$0$0$2,651,405
80$4,087,791$0$0$2,853,739
81$4,402,205$0$0$3,074,566
82$4,745,458$0$0$3,315,704
83$5,120,391$0$0$3,579,155
84$5,530,131$0$0$3,867,123
85$5,978,120$0$0$4,182,036
86$6,468,146$0$0$4,526,564
87$7,004,384$0$0$4,903,650
88$7,591,427$0$0$5,316,533
89$8,234,335$0$0$5,768,780
90$8,938,680$0$0$6,264,321
91$9,710,598$0$0$6,807,481
92$10,556,847$0$0$7,403,025
93$11,484,870$0$0$8,056,202
94$12,502,866$0$0$8,772,793
95$13,619,863$0$0$9,559,164
96$14,845,807$0$0$10,422,328
97$16,191,654$0$0$11,370,011
98$17,669,472$0$0$12,410,723
99$19,292,555$0$0$13,553,839
100$21,075,548$0$0$14,809,684