Can I retire at age 45 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$43,271$42,886$42,510$42,143$41,784$40,366
2 years$21,422$21,023$20,636$20,261$19,897$18,483
3 years$14,139$13,738$13,353$12,981$12,624$11,257
4 years$10,499$10,099$9,717$9,352$9,003$7,695
5 years$8,315$7,918$7,541$7,184$6,844$5,598
6 years$6,860$6,466$6,094$5,745$5,416$4,232
7 years$5,821$5,430$5,064$4,723$4,404$3,284
8 years$5,042$4,654$4,295$3,962$3,654$2,595
9 years$4,436$4,052$3,699$3,375$3,077$2,079
10 years$3,952$3,572$3,225$2,909$2,622$1,683
11 years$3,556$3,180$2,839$2,532$2,255$1,373
12 years$3,226$2,854$2,520$2,221$1,954$1,127
13 years$2,948$2,579$2,251$1,961$1,704$930
14 years$2,709$2,345$2,023$1,740$1,494$771
15 years$2,502$2,142$1,826$1,552$1,315$640
16 years$2,322$1,965$1,656$1,390$1,162$534
17 years$2,162$1,810$1,507$1,249$1,031$446
18 years$2,021$1,672$1,375$1,125$916$373
19 years$1,894$1,550$1,259$1,017$817$313
20 years$1,781$1,440$1,156$921$730$262
21 years$1,678$1,341$1,063$836$653$220
22 years$1,585$1,252$980$760$585$185
23 years$1,500$1,171$905$692$525$156
24 years$1,422$1,097$837$631$472$131
25 years$1,351$1,030$775$576$425$111
26 years$1,285$968$719$527$383$93
27 years$1,224$911$667$482$345$79
28 years$1,168$858$620$442$311$66
29 years$1,115$810$577$405$281$56
30 years$1,067$765$538$372$254$47
31 years$1,021$723$501$342$230$40
32 years$978$684$468$314$208$34
33 years$938$648$437$289$188$28
34 years$901$614$408$266$170$24
35 years$866$582$381$245$154$20
36 years$832$553$357$225$140$17
37 years$801$525$334$208$127$14
38 years$771$499$313$191$115$12
39 years$743$474$293$176$104$10
40 years$716$451$275$163$94$9
41 years$691$430$258$150$86$7
42 years$667$409$242$139$78$6
43 years$644$390$227$128$71$5
44 years$623$372$213$118$64$4
45 years$602$354$200$109$58$4
46 years$582$338$188$101$53$3
47 years$563$323$176$93$48$3
48 years$545$308$166$86$44$2
49 years$528$294$156$79$40$2
50 years$512$281$146$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $524,000, adding $2,342 every year, while hoping to spend $22,806 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: 56/27/17 Blend
44$524,000$524,000$524,000$524,000
45$579,864$552,092$543,970$609,604
46$614,744$554,879$537,927$632,886
47$652,419$557,038$530,918$655,574
48$693,147$558,515$522,886$679,775
49$737,217$559,251$513,771$705,640
50$784,942$559,183$503,512$733,335
51$836,671$558,248$492,044$763,043
52$892,783$556,374$479,299$794,969
53$953,698$553,487$465,207$829,337
54$1,019,876$549,509$449,692$866,397
55$1,091,826$544,357$432,679$906,425
56$1,170,103$537,942$414,085$949,724
57$1,255,323$530,170$393,826$996,633
58$1,348,159$520,942$371,813$1,047,525
59$1,449,356$510,153$347,953$1,102,813
60$1,559,732$497,692$322,151$1,162,952
61$1,680,185$483,439$294,304$1,228,447
62$1,811,708$467,272$264,307$1,299,855
63$1,955,391$449,056$232,049$1,377,793
64$2,112,434$428,654$197,416$1,462,943
65$2,284,160$405,915$160,287$1,556,056
66$2,472,024$380,685$120,537$1,657,966
67$2,677,629$352,797$78,033$1,769,590
68$2,902,739$322,076$32,640$1,891,945
69$3,149,299$288,338$0$2,026,153
70$3,419,447$251,387$0$2,176,319
71$3,715,542$211,016$0$2,347,451
72$4,040,179$167,007$0$2,535,161
73$4,396,217$119,130$0$2,741,148
74$4,786,804$67,141$0$2,967,287
75$5,215,410$10,783$0$3,215,644
76$5,685,855$0$0$3,488,501
77$6,202,348$0$0$3,803,293
78$6,769,523$0$0$4,152,543
79$7,392,488$0$0$4,536,198
80$8,076,869$0$0$4,957,729
81$8,828,862$0$0$5,420,959
82$9,655,296$0$0$5,930,101
83$10,563,691$0$0$6,489,796
84$11,562,334$0$0$7,105,156
85$12,660,355$0$0$7,781,816
86$13,867,813$0$0$8,525,981
87$15,195,788$0$0$9,344,489
88$16,656,490$0$0$10,244,874
89$18,263,372$0$0$11,235,437
90$20,031,256$0$0$12,325,323
91$21,976,472$0$0$13,524,609
92$24,117,013$0$0$14,844,398
93$26,472,707$0$0$16,296,925
94$29,065,398$0$0$17,895,669
95$31,919,156$0$0$19,655,483
96$35,060,504$0$0$21,592,734
97$38,518,665$0$0$23,725,455
98$42,325,842$0$0$26,073,517
99$46,517,516$0$0$28,658,815
100$51,132,786$0$0$31,505,476