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%17.2%
1 years$43,849$43,459$43,078$42,706$42,343$41,103
2 years$21,708$21,303$20,912$20,532$20,163$18,924
3 years$14,328$13,922$13,531$13,155$12,792$11,593
4 years$10,639$10,234$9,847$9,477$9,124$7,973
5 years$8,426$8,024$7,642$7,279$6,936$5,837
6 years$6,951$6,552$6,176$5,821$5,488$4,442
7 years$5,898$5,502$5,132$4,786$4,463$3,470
8 years$5,109$4,716$4,352$4,015$3,703$2,762
9 years$4,495$4,107$3,749$3,420$3,118$2,229
10 years$4,005$3,620$3,268$2,948$2,657$1,818
11 years$3,603$3,222$2,877$2,566$2,285$1,494
12 years$3,269$2,892$2,554$2,250$1,980$1,237
13 years$2,987$2,614$2,281$1,987$1,727$1,029
14 years$2,745$2,376$2,050$1,764$1,514$859
15 years$2,536$2,170$1,851$1,573$1,333$720
16 years$2,353$1,991$1,678$1,408$1,178$606
17 years$2,191$1,834$1,527$1,265$1,044$510
18 years$2,048$1,695$1,394$1,140$929$431
19 years$1,920$1,571$1,276$1,030$828$364
20 years$1,805$1,459$1,171$933$739$309
21 years$1,701$1,359$1,077$847$662$262
22 years$1,606$1,269$993$770$593$222
23 years$1,520$1,187$917$701$532$189
24 years$1,441$1,112$848$640$478$160
25 years$1,369$1,044$785$584$431$136
26 years$1,302$981$728$534$388$116
27 years$1,241$923$676$489$350$99
28 years$1,183$870$629$448$315$84
29 years$1,130$821$585$411$285$72
30 years$1,081$775$545$377$257$61
31 years$1,035$733$508$346$233$52
32 years$991$693$474$318$211$44
33 years$951$656$443$293$191$38
34 years$913$622$413$269$172$32
35 years$877$590$387$248$156$27
36 years$843$560$362$228$142$23
37 years$812$532$338$210$128$20
38 years$781$506$317$194$116$17
39 years$753$481$297$179$105$15
40 years$726$457$278$165$96$12
41 years$700$435$261$152$87$11
42 years$676$415$245$140$79$9
43 years$653$395$230$130$71$8
44 years$631$377$216$120$65$7
45 years$610$359$202$110$59$6
46 years$590$343$190$102$53$5
47 years$571$327$179$94$49$4
48 years$553$312$168$87$44$3
49 years$535$298$158$81$40$3
50 years$518$285$148$74$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $531,000, adding $6,579 every year, while hoping to spend $28,136 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: 51/42/7 Blend
44$531,000$531,000$531,000$531,000
45$591,948$563,805$555,575$620,773
46$622,390$561,495$544,250$638,797
47$654,995$558,129$531,603$654,794
48$689,952$553,625$517,559$671,513
49$727,472$547,897$502,042$689,029
50$767,783$540,854$484,970$707,424
51$811,139$532,397$466,259$726,792
52$857,816$522,426$445,819$747,235
53$908,118$510,830$423,559$768,872
54$962,380$497,493$399,381$791,831
55$1,020,967$482,295$373,185$816,258
56$1,084,284$465,106$344,865$842,314
57$1,152,773$445,788$314,310$870,182
58$1,226,922$424,198$281,406$900,061
59$1,307,265$400,181$246,030$932,178
60$1,394,393$373,576$208,059$966,782
61$1,488,952$344,212$167,359$1,004,154
62$1,591,654$311,908$123,795$1,044,603
63$1,703,283$276,471$77,222$1,088,474
64$1,824,700$237,701$27,492$1,136,154
65$1,956,854$195,383$0$1,188,069
66$2,100,787$149,291$0$1,246,604
67$2,257,649$99,188$0$1,312,693
68$2,428,701$44,820$0$1,384,880
69$2,615,336$0$0$1,463,828
70$2,819,082$0$0$1,556,780
71$3,041,626$0$0$1,680,985
72$3,284,821$0$0$1,816,769
73$3,550,711$0$0$1,965,279
74$3,841,542$0$0$2,127,778
75$4,159,791$0$0$2,305,656
76$4,508,184$0$0$2,500,444
77$4,889,721$0$0$2,713,828
78$5,307,709$0$0$2,947,666
79$5,765,788$0$0$3,204,001
80$6,267,966$0$0$3,485,086
81$6,818,660$0$0$3,793,401
82$7,422,732$0$0$4,131,679
83$8,085,540$0$0$4,502,929
84$8,812,983$0$0$4,910,465
85$9,611,561$0$0$5,357,940
86$10,488,433$0$0$5,849,375
87$11,451,486$0$0$6,389,202
88$12,509,407$0$0$6,982,302
89$13,671,766$0$0$7,634,052
90$14,949,108$0$0$8,350,376
91$16,353,048$0$0$9,137,802
92$17,896,382$0$0$10,003,519
93$19,593,209$0$0$10,955,449
94$21,459,061$0$0$12,002,321
95$23,511,051$0$0$13,153,751
96$25,768,035$0$0$14,420,333
97$28,250,784$0$0$15,813,740
98$30,982,188$0$0$17,346,835
99$33,987,465$0$0$19,033,789
100$37,294,400$0$0$20,890,215