Can I retire at age 45 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$38,812$38,466$38,129$37,800$37,478$36,484
2 years$19,214$18,856$18,509$18,173$17,847$16,852
3 years$12,682$12,323$11,977$11,644$11,323$10,358
4 years$9,417$9,058$8,716$8,389$8,076$7,149
5 years$7,458$7,102$6,764$6,443$6,139$5,253
6 years$6,153$5,799$5,466$5,153$4,857$4,013
7 years$5,221$4,870$4,543$4,236$3,950$3,147
8 years$4,522$4,175$3,852$3,554$3,277$2,515
9 years$3,979$3,635$3,318$3,027$2,760$2,038
10 years$3,545$3,204$2,893$2,609$2,352$1,670
11 years$3,190$2,852$2,547$2,271$2,022$1,379
12 years$2,894$2,560$2,260$1,992$1,753$1,147
13 years$2,644$2,314$2,019$1,759$1,528$958
14 years$2,430$2,103$1,814$1,561$1,340$804
15 years$2,244$1,921$1,638$1,392$1,180$678
16 years$2,082$1,763$1,485$1,247$1,043$573
17 years$1,939$1,623$1,351$1,120$924$485
18 years$1,813$1,500$1,234$1,009$822$412
19 years$1,699$1,390$1,129$912$733$350
20 years$1,597$1,292$1,037$826$654$298
21 years$1,505$1,203$953$750$586$254
22 years$1,422$1,123$879$682$525$217
23 years$1,346$1,050$811$621$471$185
24 years$1,276$984$750$566$423$158
25 years$1,212$924$695$517$381$135
26 years$1,153$868$645$473$343$116
27 years$1,098$817$599$433$309$99
28 years$1,048$770$556$396$279$85
29 years$1,001$726$518$364$252$73
30 years$957$686$482$334$228$62
31 years$916$648$450$306$206$53
32 years$878$613$420$282$186$46
33 years$842$581$392$259$169$39
34 years$808$551$366$238$153$34
35 years$776$522$342$219$138$29
36 years$746$496$320$202$125$25
37 years$718$471$300$186$114$21
38 years$692$447$281$172$103$18
39 years$666$425$263$158$93$16
40 years$643$405$246$146$85$13
41 years$620$385$231$135$77$12
42 years$598$367$217$124$70$10
43 years$578$350$203$115$63$8
44 years$558$333$191$106$57$7
45 years$540$318$179$98$52$6
46 years$522$303$168$90$47$5
47 years$505$289$158$83$43$5
48 years$489$276$149$77$39$4
49 years$474$264$140$71$35$3
50 years$459$252$131$66$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $470,000, adding $5,326 every year, while hoping to spend $29,364 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: 85/5/10 Blend
44$470,000$470,000$470,000$470,000
45$523,434$498,524$491,239$566,709
46$545,581$491,708$476,452$588,967
47$569,003$483,575$460,186$608,890
48$593,799$474,028$442,360$629,867
49$620,077$462,965$422,890$651,986
50$647,955$450,281$401,687$675,343
51$677,563$435,861$378,659$700,043
52$709,041$419,585$353,711$726,203
53$742,545$401,327$326,742$753,951
54$778,243$380,950$297,647$783,427
55$816,321$358,314$266,316$814,786
56$856,983$333,268$232,634$848,199
57$900,449$305,653$196,481$883,854
58$946,965$275,300$157,733$921,957
59$996,798$242,032$116,260$962,736
60$1,050,241$205,661$71,924$1,006,442
61$1,107,615$165,988$24,583$1,053,352
62$1,169,275$122,805$0$1,103,770
63$1,235,608$75,888$0$1,160,800
64$1,307,039$25,006$0$1,225,022
65$1,384,036$0$0$1,294,237
66$1,467,112$0$0$1,370,567
67$1,556,833$0$0$1,454,492
68$1,653,817$0$0$1,545,218
69$1,758,747$0$0$1,643,382
70$1,872,371$0$0$1,749,687
71$1,995,513$0$0$1,864,903
72$2,129,079$0$0$1,989,879
73$2,274,064$0$0$2,125,547
74$2,431,564$0$0$2,272,933
75$2,602,783$0$0$2,433,166
76$2,789,048$0$0$2,607,487
77$2,991,816$0$0$2,797,262
78$3,212,693$0$0$3,003,994
79$3,453,444$0$0$3,229,337
80$3,716,013$0$0$3,475,112
81$4,002,538$0$0$3,743,322
82$4,315,376$0$0$4,036,172
83$4,657,117$0$0$4,356,091
84$5,030,615$0$0$4,705,750
85$5,439,012$0$0$5,088,093
86$5,885,767$0$0$5,506,360
87$6,374,687$0$0$5,964,116
88$6,909,968$0$0$6,465,291
89$7,496,227$0$0$7,014,211
90$8,138,549$0$0$7,615,638
91$8,842,537$0$0$8,274,819
92$9,614,357$0$0$8,997,532
93$10,460,805$0$0$9,790,140
94$11,389,362$0$0$10,659,652
95$12,408,271$0$0$11,613,788
96$13,526,610$0$0$12,661,051
97$14,754,380$0$0$13,810,810
98$16,102,596$0$0$15,073,381
99$17,583,393$0$0$16,460,131
100$19,210,139$0$0$17,983,582