Can I retire at age 45 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$40,381$40,021$39,671$39,328$38,994$38,522
2 years$19,991$19,618$19,258$18,908$18,568$18,094
3 years$13,195$12,821$12,461$12,114$11,781$11,318
4 years$9,797$9,425$9,068$8,728$8,402$7,955
5 years$7,760$7,389$7,037$6,704$6,387$5,956
6 years$6,401$6,034$5,687$5,361$5,054$4,640
7 years$5,432$5,067$4,726$4,408$4,110$3,714
8 years$4,705$4,343$4,008$3,697$3,410$3,031
9 years$4,140$3,782$3,452$3,149$2,872$2,510
10 years$3,688$3,333$3,010$2,715$2,447$2,102
11 years$3,318$2,968$2,650$2,363$2,104$1,776
12 years$3,011$2,664$2,352$2,072$1,823$1,511
13 years$2,751$2,407$2,101$1,830$1,590$1,293
14 years$2,528$2,188$1,888$1,624$1,394$1,113
15 years$2,335$1,999$1,704$1,448$1,227$961
16 years$2,166$1,834$1,545$1,297$1,085$833
17 years$2,018$1,689$1,406$1,165$962$724
18 years$1,886$1,561$1,284$1,050$855$631
19 years$1,768$1,446$1,175$949$762$550
20 years$1,662$1,344$1,078$859$681$481
21 years$1,566$1,252$992$780$609$422
22 years$1,479$1,169$914$709$546$370
23 years$1,400$1,093$844$646$490$325
24 years$1,327$1,024$781$589$441$286
25 years$1,261$961$723$538$396$251
26 years$1,199$903$671$492$357$221
27 years$1,143$850$623$450$322$195
28 years$1,090$801$579$413$291$172
29 years$1,041$756$539$378$262$152
30 years$995$714$502$347$237$134
31 years$953$675$468$319$214$118
32 years$913$638$436$293$194$105
33 years$876$604$408$269$175$92
34 years$841$573$381$248$159$82
35 years$808$543$356$228$144$72
36 years$777$516$333$210$130$64
37 years$747$490$312$194$118$56
38 years$720$466$292$179$107$50
39 years$693$443$273$165$97$44
40 years$669$421$256$152$88$39
41 years$645$401$240$140$80$35
42 years$623$382$225$129$73$31
43 years$601$364$212$119$66$27
44 years$581$347$199$110$60$24
45 years$562$331$186$102$54$21
46 years$543$315$175$94$49$19
47 years$526$301$165$87$45$17
48 years$509$287$155$80$41$15
49 years$493$274$145$74$37$13
50 years$477$262$137$69$34$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $489,000, adding $4,160 every year, while hoping to spend $20,002 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: 74/6/20 Blend
44$489,000$489,000$489,000$489,000
45$543,169$517,252$509,673$580,483
46$577,290$521,315$505,465$609,871
47$614,222$524,908$500,445$639,234
48$654,228$527,984$494,566$670,896
49$697,602$530,498$487,777$705,082
50$744,665$532,400$480,025$742,041
51$795,769$533,636$471,254$782,044
52$851,303$534,149$461,406$825,394
53$911,694$533,880$450,421$872,423
54$977,411$532,765$438,235$923,496
55$1,048,973$530,737$424,782$979,018
56$1,126,948$527,722$409,992$1,039,434
57$1,211,962$523,646$393,792$1,105,234
58$1,304,704$518,427$376,106$1,176,960
59$1,405,934$511,980$356,856$1,255,208
60$1,516,486$504,213$335,957$1,340,638
61$1,637,279$495,031$313,323$1,433,974
62$1,769,326$484,332$288,864$1,536,017
63$1,913,740$472,008$262,484$1,647,649
64$2,071,749$457,943$234,084$1,769,844
65$2,244,703$442,018$203,562$1,903,673
66$2,434,090$424,104$170,808$2,050,319
67$2,641,548$404,066$135,711$2,211,087
68$2,868,880$381,760$98,152$2,387,415
69$3,118,075$357,035$58,009$2,580,887
70$3,391,319$329,730$15,152$2,793,251
71$3,691,023$299,676$0$3,026,435
72$4,019,841$266,694$0$3,289,090
73$4,380,697$230,594$0$3,580,906
74$4,776,811$191,176$0$3,901,260
75$5,211,732$148,230$0$4,253,032
76$5,689,366$101,531$0$4,639,394
77$6,214,020$50,844$0$5,063,841
78$6,790,434$0$0$5,530,226
79$7,423,835$0$0$6,043,061
80$8,119,977$0$0$6,610,406
81$8,885,200$0$0$7,234,076
82$9,726,492$0$0$7,919,766
83$10,651,548$0$0$8,673,753
84$11,668,848$0$0$9,502,951
85$12,787,734$0$0$10,414,978
86$14,018,499$0$0$11,418,228
87$15,372,485$0$0$12,521,949
88$16,862,186$0$0$13,736,329
89$18,501,370$0$0$15,072,596
90$20,305,208$0$0$16,543,120
91$22,290,412$0$0$18,161,530
92$24,475,401$0$0$19,942,845
93$26,880,467$0$0$21,903,613
94$29,527,969$0$0$24,062,067
95$32,442,546$0$0$26,438,298
96$35,651,346$0$0$29,054,445
97$39,184,283$0$0$31,934,901
98$43,074,319$0$0$35,106,546
99$47,357,776$0$0$38,598,999
100$52,074,676$0$0$42,444,897