Can I retire at age 45 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$43,189$42,804$42,429$42,062$41,705$40,066
2 years$21,381$20,982$20,597$20,222$19,859$18,228
3 years$14,112$13,712$13,327$12,957$12,600$11,028
4 years$10,479$10,080$9,699$9,335$8,986$7,485
5 years$8,299$7,903$7,527$7,170$6,831$5,405
6 years$6,847$6,453$6,083$5,734$5,405$4,055
7 years$5,809$5,419$5,055$4,714$4,396$3,121
8 years$5,032$4,645$4,287$3,954$3,647$2,446
9 years$4,428$4,045$3,692$3,368$3,071$1,943
10 years$3,944$3,565$3,219$2,904$2,617$1,559
11 years$3,549$3,174$2,834$2,527$2,251$1,260
12 years$3,220$2,849$2,515$2,216$1,950$1,025
13 years$2,942$2,574$2,247$1,957$1,701$838
14 years$2,704$2,340$2,019$1,737$1,491$687
15 years$2,497$2,138$1,823$1,549$1,313$566
16 years$2,317$1,961$1,653$1,387$1,160$467
17 years$2,158$1,806$1,504$1,246$1,029$386
18 years$2,017$1,669$1,373$1,123$915$319
19 years$1,891$1,547$1,257$1,015$815$265
20 years$1,778$1,437$1,153$919$728$220
21 years$1,675$1,339$1,061$834$652$183
22 years$1,582$1,250$978$758$584$152
23 years$1,497$1,169$903$691$524$126
24 years$1,420$1,095$835$630$471$105
25 years$1,348$1,028$773$575$424$88
26 years$1,283$966$717$526$382$73
27 years$1,222$909$666$482$344$61
28 years$1,166$857$619$441$311$51
29 years$1,113$808$576$405$281$42
30 years$1,065$763$537$371$254$35
31 years$1,019$721$500$341$229$29
32 years$977$683$467$313$207$25
33 years$937$646$436$288$188$20
34 years$899$613$407$265$170$17
35 years$864$581$381$244$154$14
36 years$831$552$356$225$139$12
37 years$799$524$333$207$126$10
38 years$770$498$312$191$115$8
39 years$742$473$292$176$104$7
40 years$715$450$274$162$94$6
41 years$690$429$257$150$85$5
42 years$666$408$241$138$78$4
43 years$643$389$226$128$70$3
44 years$621$371$212$118$64$3
45 years$601$354$199$109$58$2
46 years$581$337$187$101$53$2
47 years$562$322$176$93$48$2
48 years$544$307$165$86$43$1
49 years$527$294$155$79$39$1
50 years$511$280$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $523,000, adding $5,238 every year, while hoping to spend $37,879 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: 30/50/20 Blend
44$523,000$523,000$523,000$523,000
45$581,749$554,030$545,923$595,423
46$600,784$540,875$523,909$593,091
47$620,492$525,805$499,887$586,815
48$640,900$508,687$473,752$579,263
49$662,039$489,380$445,389$570,346
50$683,941$467,734$414,684$559,972
51$706,639$443,589$381,512$548,045
52$730,171$416,779$345,747$534,461
53$754,573$387,126$307,255$519,114
54$779,887$354,443$265,895$501,889
55$806,156$318,531$221,523$482,666
56$833,426$279,181$173,986$461,321
57$861,747$236,172$123,126$437,719
58$891,170$189,270$68,776$411,723
59$921,753$138,228$10,763$383,184
60$953,555$82,784$0$351,950
61$986,642$22,664$0$328,772
62$1,021,081$0$0$305,726
63$1,056,948$0$0$303,718
64$1,094,323$0$0$314,634
65$1,133,291$0$0$326,032
66$1,173,945$0$0$337,941
67$1,216,385$0$0$350,391
68$1,260,720$0$0$363,418
69$1,307,064$0$0$377,058
70$1,355,545$0$0$391,352
71$1,406,299$0$0$406,342
72$1,459,473$0$0$422,076
73$1,515,227$0$0$438,605
74$1,573,735$0$0$455,984
75$1,635,185$0$0$474,274
76$1,699,783$0$0$493,541
77$1,767,750$0$0$513,857
78$1,839,330$0$0$535,298
79$1,914,786$0$0$557,951
80$1,994,406$0$0$581,909
81$2,078,502$0$0$607,271
82$2,167,418$0$0$634,151
83$2,261,525$0$0$662,667
84$2,361,232$0$0$692,953
85$2,466,983$0$0$725,152
86$2,579,266$0$0$759,424
87$2,698,611$0$0$795,942
88$2,825,603$0$0$834,894
89$2,960,877$0$0$876,489
90$3,105,131$0$0$920,955
91$3,259,130$0$0$968,541
92$3,423,711$0$0$1,019,520
93$3,599,792$0$0$1,074,193
94$3,788,380$0$0$1,132,889
95$3,990,578$0$0$1,195,970
96$4,207,597$0$0$1,263,832
97$4,440,767$0$0$1,336,911
98$4,691,545$0$0$1,415,686
99$4,961,535$0$0$1,500,681
100$5,252,494$0$0$1,592,475