Can I retire at age 45 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$39,390$39,039$38,697$38,363$38,037$37,624
2 years$19,500$19,137$18,785$18,444$18,113$17,697
3 years$12,871$12,506$12,155$11,817$11,491$11,086
4 years$9,557$9,193$8,846$8,514$8,196$7,803
5 years$7,569$7,208$6,865$6,539$6,230$5,852
6 years$6,244$5,886$5,548$5,229$4,930$4,567
7 years$5,298$4,943$4,610$4,299$4,009$3,661
8 years$4,589$4,237$3,910$3,607$3,326$2,993
9 years$4,038$3,689$3,368$3,072$2,801$2,482
10 years$3,597$3,252$2,936$2,648$2,387$2,083
11 years$3,237$2,895$2,585$2,305$2,053$1,763
12 years$2,937$2,598$2,294$2,022$1,779$1,503
13 years$2,683$2,348$2,049$1,785$1,551$1,289
14 years$2,466$2,134$1,841$1,584$1,360$1,111
15 years$2,278$1,950$1,663$1,413$1,197$962
16 years$2,113$1,789$1,507$1,265$1,058$835
17 years$1,968$1,647$1,372$1,137$938$727
18 years$1,840$1,522$1,252$1,024$834$635
19 years$1,725$1,411$1,146$926$743$556
20 years$1,621$1,311$1,052$838$664$487
21 years$1,528$1,221$968$761$594$428
22 years$1,443$1,140$892$692$533$376
23 years$1,366$1,066$823$630$478$331
24 years$1,295$999$762$575$430$292
25 years$1,230$937$705$525$387$257
26 years$1,170$881$654$480$348$227
27 years$1,114$829$607$439$314$201
28 years$1,063$781$565$402$283$177
29 years$1,015$737$525$369$256$157
30 years$971$696$489$339$231$139
31 years$929$658$456$311$209$123
32 years$891$623$426$286$189$109
33 years$854$590$398$263$171$96
34 years$820$559$371$242$155$85
35 years$788$530$347$223$140$76
36 years$758$503$325$205$127$67
37 years$729$478$304$189$115$59
38 years$702$454$285$174$104$53
39 years$676$432$267$161$95$47
40 years$652$411$250$148$86$42
41 years$629$391$234$137$78$37
42 years$607$372$220$126$71$33
43 years$587$355$206$116$64$29
44 years$567$338$194$107$58$26
45 years$548$323$182$99$53$23
46 years$530$308$171$92$48$20
47 years$513$294$161$85$44$18
48 years$496$280$151$78$40$16
49 years$481$268$142$72$36$14
50 years$466$256$133$67$33$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $477,000, adding $5,521 every year, while hoping to spend $27,031 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: 42/47/11 Blend
44$477,000$477,000$477,000$477,000
45$531,349$506,068$498,674$551,732
46$556,786$502,104$486,619$562,577
47$583,911$497,041$473,254$571,179
48$612,869$490,795$458,507$579,891
49$643,816$483,278$442,302$588,733
50$676,926$474,400$424,559$597,732
51$712,387$464,060$405,197$606,918
52$750,408$452,156$384,128$616,324
53$791,215$438,577$361,262$625,993
54$835,059$423,208$336,504$635,972
55$882,214$405,924$309,756$646,316
56$932,981$386,595$280,915$657,088
57$987,691$365,084$249,871$668,361
58$1,046,708$341,245$216,513$680,219
59$1,110,429$314,923$180,724$692,757
60$1,179,294$285,956$142,379$706,084
61$1,253,785$254,171$101,352$720,323
62$1,334,431$219,385$57,507$735,615
63$1,421,815$181,407$10,706$752,118
64$1,516,578$140,033$0$770,013
65$1,619,422$95,049$0$794,107
66$1,731,124$46,227$0$821,665
67$1,852,535$0$0$851,704
68$1,984,592$0$0$887,983
69$2,128,327$0$0$953,547
70$2,284,873$0$0$1,025,010
71$2,455,480$0$0$1,102,949
72$2,641,522$0$0$1,188,000
73$2,844,511$0$0$1,280,861
74$3,066,112$0$0$1,382,303
75$3,308,158$0$0$1,493,171
76$3,572,665$0$0$1,614,400
77$3,861,854$0$0$1,747,014
78$4,178,171$0$0$1,892,146
79$4,524,309$0$0$2,051,039
80$4,903,231$0$0$2,225,065
81$5,318,203$0$0$2,415,734
82$5,772,820$0$0$2,624,708
83$6,271,040$0$0$2,853,818
84$6,817,225$0$0$3,105,081
85$7,416,177$0$0$3,380,718
86$8,073,185$0$0$3,683,177
87$8,794,075$0$0$4,015,151
88$9,585,265$0$0$4,379,610
89$10,453,824$0$0$4,779,823
90$11,407,538$0$0$5,219,393
91$12,454,984$0$0$5,702,289
92$13,605,612$0$0$6,232,881
93$14,869,832$0$0$6,815,985
94$16,259,109$0$0$7,456,908
95$17,786,079$0$0$8,161,494
96$19,464,658$0$0$8,936,183
97$21,310,181$0$0$9,788,070
98$23,339,541$0$0$10,724,973
99$25,571,351$0$0$11,755,502
100$28,026,118$0$0$12,889,149