Can I retire at age 45 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$44,428$44,032$43,646$43,269$42,901$42,577
2 years$21,994$21,584$21,187$20,802$20,429$20,102
3 years$14,517$14,106$13,710$13,328$12,961$12,642
4 years$10,779$10,369$9,977$9,602$9,244$8,935
5 years$8,537$8,129$7,743$7,375$7,027$6,729
6 years$7,043$6,638$6,257$5,898$5,560$5,273
7 years$5,976$5,575$5,200$4,849$4,522$4,246
8 years$5,176$4,779$4,410$4,068$3,751$3,487
9 years$4,555$4,161$3,798$3,465$3,159$2,906
10 years$4,057$3,667$3,311$2,987$2,692$2,450
11 years$3,651$3,265$2,915$2,599$2,315$2,084
12 years$3,312$2,930$2,587$2,280$2,006$1,786
13 years$3,026$2,648$2,311$2,013$1,749$1,540
14 years$2,781$2,407$2,077$1,787$1,534$1,334
15 years$2,569$2,199$1,875$1,594$1,350$1,161
16 years$2,384$2,018$1,700$1,427$1,193$1,013
17 years$2,220$1,858$1,547$1,282$1,058$888
18 years$2,075$1,717$1,412$1,155$941$779
19 years$1,945$1,591$1,293$1,044$839$686
20 years$1,828$1,479$1,186$946$749$605
21 years$1,723$1,377$1,091$858$670$534
22 years$1,627$1,286$1,006$780$601$472
23 years$1,540$1,202$929$711$539$418
24 years$1,460$1,127$859$648$485$371
25 years$1,387$1,057$796$592$436$329
26 years$1,319$994$738$541$393$293
27 years$1,257$935$685$495$354$260
28 years$1,199$881$637$454$320$231
29 years$1,145$831$593$416$289$206
30 years$1,095$785$552$382$261$183
31 years$1,048$742$515$351$236$163
32 years$1,005$702$480$322$213$146
33 years$963$665$448$296$193$130
34 years$925$630$419$273$175$116
35 years$889$598$392$251$158$103
36 years$854$567$366$231$143$92
37 years$822$539$343$213$130$82
38 years$792$512$321$196$118$74
39 years$763$487$301$181$107$66
40 years$736$463$282$167$97$59
41 years$710$441$264$154$88$52
42 years$685$420$248$142$80$47
43 years$662$400$233$131$72$42
44 years$639$382$218$121$66$37
45 years$618$364$205$112$60$33
46 years$598$347$193$103$54$30
47 years$578$331$181$96$49$27
48 years$560$316$170$88$45$24
49 years$542$302$160$82$41$21
50 years$525$288$150$75$37$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $538,000, adding $6,975 every year, while hoping to spend $37,467 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: 53/40/7 Blend
44$538,000$538,000$538,000$538,000
45$600,071$571,557$563,218$630,502
46$621,413$559,698$542,221$640,049
47$643,677$546,003$519,265$645,741
48$666,917$530,342$494,245$651,031
49$691,190$512,577$467,050$655,888
50$716,562$492,563$437,567$660,281
51$743,100$470,147$405,673$664,175
52$770,878$445,167$371,246$667,538
53$799,977$417,449$334,152$670,335
54$830,484$386,814$294,255$672,531
55$862,494$353,068$251,413$674,089
56$896,108$316,008$205,475$674,975
57$931,439$275,420$156,286$675,151
58$968,607$231,077$103,683$674,581
59$1,007,744$182,739$47,496$673,231
60$1,048,994$130,154$0$671,064
61$1,092,513$73,053$0$668,978
62$1,138,471$11,154$0$669,856
63$1,187,055$0$0$670,128
64$1,238,467$0$0$694,361
65$1,292,928$0$0$725,257
66$1,350,680$0$0$758,046
67$1,411,988$0$0$792,882
68$1,477,141$0$0$829,934
69$1,546,455$0$0$869,384
70$1,620,277$0$0$911,435
71$1,698,985$0$0$956,305
72$1,782,995$0$0$1,004,238
73$1,872,761$0$0$1,055,497
74$1,968,782$0$0$1,110,372
75$2,071,604$0$0$1,169,182
76$2,181,828$0$0$1,232,276
77$2,300,111$0$0$1,300,035
78$2,427,174$0$0$1,372,882
79$2,563,810$0$0$1,451,276
80$2,710,888$0$0$1,535,725
81$2,869,364$0$0$1,626,785
82$3,040,286$0$0$1,725,068
83$3,224,807$0$0$1,831,244
84$3,424,193$0$0$1,946,052
85$3,639,836$0$0$2,070,303
86$3,873,265$0$0$2,204,888
87$4,126,162$0$0$2,350,790
88$4,400,376$0$0$2,509,084
89$4,697,941$0$0$2,680,958
90$5,021,092$0$0$2,867,716
91$5,372,288$0$0$3,070,791
92$5,754,237$0$0$3,291,764
93$6,169,915$0$0$3,532,369
94$6,622,598$0$0$3,794,519
95$7,115,890$0$0$4,080,317
96$7,653,758$0$0$4,392,077
97$8,240,568$0$0$4,732,346
98$8,881,125$0$0$5,103,930
99$9,580,720$0$0$5,509,915
100$10,345,176$0$0$5,953,701