Can I retire at age 45 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$43,849$43,459$43,078$42,706$42,343$40,889
2 years$21,708$21,303$20,912$20,532$20,163$18,714
3 years$14,328$13,922$13,531$13,155$12,792$11,392
4 years$10,639$10,234$9,847$9,477$9,124$7,784
5 years$8,426$8,024$7,642$7,279$6,936$5,659
6 years$6,951$6,552$6,176$5,821$5,488$4,276
7 years$5,898$5,502$5,132$4,786$4,463$3,316
8 years$5,109$4,716$4,352$4,015$3,703$2,619
9 years$4,495$4,107$3,749$3,420$3,118$2,097
10 years$4,005$3,620$3,268$2,948$2,657$1,696
11 years$3,603$3,222$2,877$2,566$2,285$1,383
12 years$3,269$2,892$2,554$2,250$1,980$1,135
13 years$2,987$2,614$2,281$1,987$1,727$936
14 years$2,745$2,376$2,050$1,764$1,514$775
15 years$2,536$2,170$1,851$1,573$1,333$643
16 years$2,353$1,991$1,678$1,408$1,178$536
17 years$2,191$1,834$1,527$1,265$1,044$447
18 years$2,048$1,695$1,394$1,140$929$374
19 years$1,920$1,571$1,276$1,030$828$313
20 years$1,805$1,459$1,171$933$739$263
21 years$1,701$1,359$1,077$847$662$220
22 years$1,606$1,269$993$770$593$185
23 years$1,520$1,187$917$701$532$156
24 years$1,441$1,112$848$640$478$131
25 years$1,369$1,044$785$584$431$110
26 years$1,302$981$728$534$388$93
27 years$1,241$923$676$489$350$78
28 years$1,183$870$629$448$315$66
29 years$1,130$821$585$411$285$55
30 years$1,081$775$545$377$257$47
31 years$1,035$733$508$346$233$39
32 years$991$693$474$318$211$33
33 years$951$656$443$293$191$28
34 years$913$622$413$269$172$24
35 years$877$590$387$248$156$20
36 years$843$560$362$228$142$17
37 years$812$532$338$210$128$14
38 years$781$506$317$194$116$12
39 years$753$481$297$179$105$10
40 years$726$457$278$165$96$9
41 years$700$435$261$152$87$7
42 years$676$415$245$140$79$6
43 years$653$395$230$130$71$5
44 years$631$377$216$120$65$4
45 years$610$359$202$110$59$4
46 years$590$343$190$102$53$3
47 years$571$327$179$94$49$3
48 years$553$312$168$87$44$2
49 years$535$298$158$81$40$2
50 years$518$285$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $531,000, adding $6,534 every year, while hoping to spend $30,635 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: 62/30/8 Blend
44$531,000$531,000$531,000$531,000
45$591,902$563,759$555,528$627,214
46$619,680$558,788$541,543$646,644
47$649,266$552,546$526,063$663,696
48$680,809$544,940$509,004$681,529
49$714,478$535,868$490,282$700,218
50$750,455$525,225$469,806$719,847
51$788,938$512,898$447,482$740,509
52$830,148$498,768$423,211$762,309
53$874,324$482,709$396,889$785,361
54$921,731$464,587$368,411$809,797
55$972,657$444,262$337,662$835,759
56$1,027,420$421,583$304,526$863,408
57$1,086,369$396,393$268,880$892,923
58$1,149,887$368,524$230,596$924,502
59$1,218,394$337,800$189,539$958,365
60$1,292,352$304,034$145,570$994,758
61$1,372,269$267,028$98,544$1,033,955
62$1,458,702$226,574$48,307$1,076,257
63$1,552,265$182,452$0$1,122,001
64$1,653,631$134,428$0$1,172,014
65$1,763,543$82,256$0$1,230,688
66$1,882,815$25,677$0$1,294,370
67$2,012,343$0$0$1,363,587
68$2,153,114$0$0$1,450,667
69$2,306,213$0$0$1,554,626
70$2,472,831$0$0$1,667,803
71$2,654,284$0$0$1,791,094
72$2,852,015$0$0$1,925,486
73$3,067,616$0$0$2,072,064
74$3,302,835$0$0$2,232,024
75$3,559,600$0$0$2,406,681
76$3,840,031$0$0$2,597,483
77$4,146,462$0$0$2,806,025
78$4,481,465$0$0$3,034,061
79$4,847,867$0$0$3,283,524
80$5,248,785$0$0$3,556,542
81$5,687,650$0$0$3,855,459
82$6,168,238$0$0$4,182,853
83$6,694,711$0$0$4,541,567
84$7,271,649$0$0$4,934,730
85$7,904,098$0$0$5,365,787
86$8,597,616$0$0$5,838,536
87$9,358,322$0$0$6,357,157
88$10,192,959$0$0$6,926,254
89$11,108,951$0$0$7,550,900
90$12,114,478$0$0$8,236,682
91$13,218,550$0$0$8,989,755
92$14,431,092$0$0$9,816,899
93$15,763,037$0$0$10,725,582
94$17,226,429$0$0$11,724,033
95$18,834,538$0$0$12,821,316
96$20,601,980$0$0$14,027,417
97$22,544,861$0$0$15,353,338
98$24,680,922$0$0$16,811,199
99$27,029,711$0$0$18,414,354
100$29,612,764$0$0$20,177,515