Can I retire at age 45 with 530,000?

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 $530,000?

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$43,767$43,377$42,997$42,625$42,263$41,225
2 years$21,667$21,263$20,872$20,493$20,125$19,085
3 years$14,301$13,896$13,506$13,130$12,768$11,760
4 years$10,619$10,215$9,829$9,459$9,106$8,137
5 years$8,410$8,009$7,627$7,266$6,923$5,994
6 years$6,938$6,540$6,164$5,811$5,478$4,592
7 years$5,887$5,492$5,122$4,777$4,455$3,612
8 years$5,099$4,708$4,344$4,007$3,696$2,895
9 years$4,487$4,099$3,742$3,413$3,112$2,353
10 years$3,997$3,613$3,262$2,942$2,652$1,933
11 years$3,597$3,216$2,872$2,561$2,281$1,602
12 years$3,263$2,887$2,549$2,246$1,976$1,336
13 years$2,981$2,609$2,277$1,983$1,723$1,121
14 years$2,740$2,371$2,046$1,760$1,511$944
15 years$2,531$2,166$1,847$1,570$1,330$798
16 years$2,348$1,988$1,675$1,406$1,176$677
17 years$2,187$1,830$1,524$1,263$1,042$575
18 years$2,044$1,691$1,391$1,138$927$490
19 years$1,916$1,568$1,274$1,028$826$418
20 years$1,801$1,457$1,169$931$738$357
21 years$1,697$1,357$1,075$845$660$306
22 years$1,603$1,267$991$769$592$262
23 years$1,517$1,185$915$700$531$225
24 years$1,439$1,110$846$638$478$193
25 years$1,366$1,042$784$583$430$165
26 years$1,300$979$727$533$387$142
27 years$1,238$921$675$488$349$122
28 years$1,181$868$627$447$315$105
29 years$1,128$819$584$410$284$90
30 years$1,079$773$544$376$257$78
31 years$1,033$731$507$346$232$67
32 years$990$692$473$318$210$58
33 years$949$655$442$292$190$50
34 years$911$621$413$269$172$43
35 years$875$589$386$247$156$37
36 years$842$559$361$228$141$32
37 years$810$531$338$210$128$27
38 years$780$505$316$193$116$24
39 years$752$480$296$178$105$20
40 years$725$456$278$165$95$17
41 years$699$435$261$152$87$15
42 years$675$414$244$140$79$13
43 years$652$394$229$129$71$11
44 years$630$376$215$119$65$10
45 years$609$358$202$110$59$8
46 years$589$342$190$102$53$7
47 years$570$326$178$94$48$6
48 years$552$311$168$87$44$5
49 years$534$297$158$80$40$5
50 years$517$284$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $530,000, adding $2,987 every year, while hoping to spend $30,588 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: 68/8/24 Blend
44$530,000$530,000$530,000$530,000
45$587,141$559,051$550,836$623,274
46$614,484$553,899$536,744$642,734
47$643,591$547,470$521,154$660,222
48$674,609$539,668$503,985$678,638
49$707,700$530,393$485,149$698,074
50$743,042$519,538$464,558$718,631
51$780,828$506,991$442,116$740,421
52$821,270$492,631$417,725$763,569
53$864,603$476,334$391,282$788,215
54$911,083$457,964$362,680$814,512
55$960,989$437,380$331,806$842,631
56$1,014,630$414,432$298,542$872,762
57$1,072,345$388,962$262,765$905,113
58$1,134,505$360,802$224,349$939,918
59$1,201,518$329,774$183,158$977,435
60$1,273,831$295,692$139,052$1,017,949
61$1,351,938$258,357$91,887$1,061,776
62$1,436,380$217,561$41,509$1,109,266
63$1,527,751$173,081$0$1,160,808
64$1,626,705$124,685$0$1,219,968
65$1,733,960$72,126$0$1,295,632
66$1,850,307$15,144$0$1,377,728
67$1,976,616$0$0$1,466,884
68$2,113,842$0$0$1,567,890
69$2,263,036$0$0$1,679,182
70$2,425,356$0$0$1,800,294
71$2,602,075$0$0$1,932,179
72$2,794,593$0$0$2,075,886
73$3,004,451$0$0$2,232,570
74$3,233,347$0$0$2,403,502
75$3,483,147$0$0$2,590,080
76$3,755,907$0$0$2,793,843
77$4,053,889$0$0$3,016,487
78$4,379,583$0$0$3,259,878
79$4,735,733$0$0$3,526,069
80$5,125,357$0$0$3,817,322
81$5,551,780$0$0$4,136,129
82$6,018,662$0$0$4,485,231
83$6,530,036$0$0$4,867,649
84$7,090,340$0$0$5,286,709
85$7,704,463$0$0$5,746,074
86$8,377,791$0$0$6,249,777
87$9,116,253$0$0$6,802,263
88$9,926,383$0$0$7,408,425
89$10,815,374$0$0$8,073,654
90$11,791,152$0$0$8,803,888
91$12,862,446$0$0$9,605,668
92$14,038,874$0$0$10,486,198
93$15,331,027$0$0$11,453,416
94$16,750,576$0$0$12,516,066
95$18,310,376$0$0$13,683,779
96$20,024,590$0$0$14,967,168
97$21,908,821$0$0$16,377,923
98$23,980,257$0$0$17,928,925
99$26,257,836$0$0$19,634,363
100$28,762,424$0$0$21,509,871