Can I retire at age 45 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$40,216$39,858$39,508$39,167$38,834$37,773
2 years$19,909$19,538$19,179$18,830$18,492$17,431
3 years$13,141$12,768$12,410$12,065$11,732$10,704
4 years$9,757$9,386$9,031$8,692$8,368$7,380
5 years$7,728$7,359$7,009$6,676$6,361$5,417
6 years$6,375$6,009$5,664$5,339$5,033$4,134
7 years$5,410$5,046$4,707$4,390$4,093$3,239
8 years$4,686$4,326$3,992$3,682$3,396$2,585
9 years$4,123$3,766$3,438$3,136$2,860$2,093
10 years$3,673$3,320$2,997$2,704$2,437$1,712
11 years$3,305$2,955$2,639$2,353$2,096$1,412
12 years$2,998$2,653$2,342$2,064$1,816$1,172
13 years$2,739$2,397$2,092$1,822$1,584$979
14 years$2,518$2,179$1,880$1,617$1,388$820
15 years$2,326$1,991$1,697$1,443$1,222$690
16 years$2,158$1,826$1,539$1,292$1,080$582
17 years$2,010$1,682$1,400$1,161$958$492
18 years$1,878$1,554$1,278$1,046$852$417
19 years$1,761$1,440$1,170$945$759$354
20 years$1,655$1,338$1,074$856$678$301
21 years$1,560$1,247$988$777$607$256
22 years$1,473$1,164$910$706$544$218
23 years$1,394$1,088$841$643$488$186
24 years$1,322$1,020$777$587$439$159
25 years$1,256$957$720$536$395$136
26 years$1,194$899$668$490$356$116
27 years$1,138$847$620$448$321$99
28 years$1,085$798$577$411$289$85
29 years$1,037$753$537$377$261$72
30 years$991$711$500$346$236$62
31 years$949$672$466$318$213$53
32 years$909$636$435$292$193$45
33 years$872$602$406$268$175$39
34 years$837$571$379$247$158$33
35 years$804$541$355$227$143$28
36 years$773$514$332$209$130$24
37 years$744$488$310$193$118$21
38 years$717$464$291$178$107$18
39 years$691$441$272$164$97$15
40 years$666$419$255$151$88$13
41 years$642$399$239$139$80$11
42 years$620$380$225$129$72$10
43 years$599$362$211$119$66$8
44 years$579$345$198$110$60$7
45 years$559$329$186$101$54$6
46 years$541$314$174$94$49$5
47 years$524$300$164$86$45$4
48 years$507$286$154$80$40$4
49 years$491$273$145$74$37$3
50 years$475$261$136$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $487,000, adding $4,126 every year, while hoping to spend $23,431 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: 75/7/18 Blend
44$487,000$487,000$487,000$487,000
45$540,930$515,119$507,570$578,961
46$571,174$515,429$499,644$605,015
47$603,719$514,970$490,666$630,277
48$638,772$513,677$480,578$657,346
49$676,565$511,486$469,316$686,399
50$717,352$508,326$456,814$717,625
51$761,410$504,122$443,006$751,238
52$809,044$498,794$427,817$787,470
53$860,591$492,260$411,174$826,579
54$916,421$484,430$392,997$868,849
55$976,938$475,210$373,205$914,595
56$1,042,591$464,500$351,712$964,161
57$1,113,869$452,194$328,428$1,017,929
58$1,191,312$438,180$303,259$1,076,320
59$1,275,516$422,341$276,108$1,139,798
60$1,367,133$404,550$246,872$1,208,875
61$1,466,882$384,675$215,444$1,284,116
62$1,575,556$362,575$181,713$1,366,145
63$1,694,024$338,103$145,563$1,455,648
64$1,823,246$311,102$106,870$1,553,383
65$1,964,276$281,404$65,509$1,660,187
66$2,118,275$248,836$21,347$1,776,982
67$2,286,522$213,212$0$1,904,786
68$2,470,424$174,336$0$2,049,671
69$2,671,530$132,002$0$2,212,621
70$2,891,547$85,990$0$2,390,926
71$3,132,352$36,071$0$2,586,120
72$3,396,014$0$0$2,799,896
73$3,684,810$0$0$3,035,502
74$4,001,250$0$0$3,296,725
75$4,348,094$0$0$3,583,068
76$4,728,387$0$0$3,897,045
77$5,145,478$0$0$4,241,425
78$5,603,059$0$0$4,619,259
79$6,105,194$0$0$5,033,906
80$6,656,362$0$0$5,489,067
81$7,261,495$0$0$5,988,818
82$7,926,026$0$0$6,537,650
83$8,655,940$0$0$7,140,508
84$9,457,832$0$0$7,802,842
85$10,338,965$0$0$8,530,656
86$11,307,341$0$0$9,330,562
87$12,371,776$0$0$10,209,847
88$13,541,983$0$0$11,176,537
89$14,828,662$0$0$12,239,476
90$16,243,603$0$0$13,408,407
91$17,799,793$0$0$14,694,065
92$19,511,544$0$0$16,108,277
93$21,394,623$0$0$17,664,074
94$23,466,402$0$0$19,375,815
95$25,746,024$0$0$21,259,318
96$28,254,577$0$0$23,332,014
97$31,015,299$0$0$25,613,109
98$34,053,797$0$0$28,123,765
99$37,398,281$0$0$30,887,298
100$41,079,840$0$0$33,929,401