Can I retire at age 45 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$39,638$39,285$38,940$38,604$38,276$37,065
2 years$19,623$19,257$18,903$18,560$18,227$17,018
3 years$12,952$12,585$12,232$11,891$11,564$10,395
4 years$9,617$9,251$8,901$8,567$8,247$7,127
5 years$7,617$7,253$6,908$6,580$6,269$5,201
6 years$6,284$5,923$5,583$5,262$4,961$3,945
7 years$5,332$4,974$4,639$4,326$4,034$3,072
8 years$4,618$4,264$3,934$3,629$3,347$2,436
9 years$4,064$3,712$3,389$3,091$2,819$1,959
10 years$3,620$3,272$2,954$2,665$2,402$1,591
11 years$3,257$2,913$2,601$2,319$2,065$1,303
12 years$2,955$2,614$2,308$2,034$1,790$1,074
13 years$2,700$2,363$2,062$1,796$1,561$890
14 years$2,481$2,148$1,853$1,594$1,368$741
15 years$2,292$1,962$1,673$1,422$1,205$618
16 years$2,127$1,800$1,517$1,273$1,065$517
17 years$1,981$1,658$1,380$1,144$944$434
18 years$1,851$1,532$1,260$1,031$839$365
19 years$1,735$1,420$1,153$931$748$307
20 years$1,631$1,319$1,059$844$668$259
21 years$1,537$1,229$974$766$598$219
22 years$1,452$1,147$897$696$536$185
23 years$1,374$1,073$829$634$481$156
24 years$1,303$1,005$766$578$433$132
25 years$1,238$943$710$528$389$112
26 years$1,177$887$658$483$351$95
27 years$1,121$834$611$442$316$80
28 years$1,070$786$568$405$285$68
29 years$1,022$742$529$371$258$58
30 years$977$700$493$341$233$49
31 years$935$662$459$313$210$41
32 years$896$627$428$288$190$35
33 years$860$593$400$265$172$30
34 years$825$562$374$243$156$25
35 years$793$533$349$224$141$21
36 years$762$506$327$206$128$18
37 years$734$481$306$190$116$15
38 years$706$457$287$175$105$13
39 years$681$435$268$162$95$11
40 years$656$413$252$149$86$9
41 years$633$394$236$137$78$8
42 years$611$375$221$127$71$7
43 years$590$357$208$117$65$6
44 years$570$340$195$108$59$5
45 years$551$325$183$100$53$4
46 years$533$310$172$92$48$4
47 years$516$295$162$85$44$3
48 years$500$282$152$79$40$3
49 years$484$269$143$73$36$2
50 years$469$257$134$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $480,000, adding $6,299 every year, while hoping to spend $22,414 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: 51/29/20 Blend
44$480,000$480,000$480,000$480,000
45$535,457$510,017$502,577$559,499
46$566,226$511,160$495,565$577,903
47$599,381$511,607$487,567$595,074
48$635,144$511,302$478,526$613,268
49$673,755$510,182$468,383$632,590
50$715,479$508,182$457,076$653,154
51$760,610$505,235$444,539$675,093
52$809,466$501,265$430,706$698,548
53$862,401$496,196$415,503$723,680
54$919,802$489,946$398,859$750,666
55$982,094$482,427$380,694$779,704
56$1,049,748$473,545$360,927$811,012
57$1,123,278$463,205$339,474$844,832
58$1,203,251$451,301$316,245$881,433
59$1,290,292$437,724$291,148$921,113
60$1,385,087$422,357$264,087$964,203
61$1,488,391$405,078$234,959$1,011,069
62$1,601,035$385,755$203,659$1,062,118
63$1,723,936$364,252$170,076$1,117,797
64$1,858,100$340,423$134,096$1,178,607
65$2,004,635$314,113$95,598$1,245,097
66$2,164,763$285,160$54,455$1,317,879
67$2,339,828$253,391$10,538$1,397,628
68$2,531,308$218,625$0$1,485,093
69$2,740,832$180,669$0$1,588,853
70$2,970,195$139,320$0$1,704,976
71$3,221,372$94,363$0$1,832,255
72$3,496,538$45,572$0$1,971,842
73$3,798,088$0$0$2,125,013
74$4,128,660$0$0$2,295,498
75$4,491,161$0$0$2,498,447
76$4,888,790$0$0$2,721,113
77$5,325,073$0$0$2,965,479
78$5,803,891$0$0$3,233,724
79$6,329,522$0$0$3,528,251
80$6,906,678$0$0$3,851,709
81$7,540,546$0$0$4,207,011
82$8,236,845$0$0$4,597,371
83$9,001,873$0$0$5,026,327
84$9,842,566$0$0$5,497,777
85$10,766,569$0$0$6,016,015
86$11,782,302$0$0$6,585,775
87$12,899,042$0$0$7,212,268
88$14,127,011$0$0$7,901,237
89$15,477,469$0$0$8,659,011
90$16,962,823$0$0$9,492,562
91$18,596,743$0$0$10,409,569
92$20,394,290$0$0$11,418,498
93$22,372,057$0$0$12,528,673
94$24,548,330$0$0$13,750,368
95$26,943,254$0$0$15,094,905
96$29,579,026$0$0$16,574,758
97$32,480,105$0$0$18,203,671
98$35,673,441$0$0$19,996,789
99$39,188,728$0$0$21,970,801
100$43,058,688$0$0$24,144,093