Can I retire at age 45 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$40,546$40,185$39,833$39,489$39,153$38,600
2 years$20,072$19,699$19,336$18,985$18,644$18,088
3 years$13,249$12,873$12,512$12,164$11,829$11,287
4 years$9,838$9,463$9,105$8,763$8,436$7,913
5 years$7,791$7,419$7,066$6,731$6,413$5,909
6 years$6,428$6,058$5,711$5,383$5,075$4,591
7 years$5,454$5,088$4,745$4,426$4,127$3,664
8 years$4,724$4,361$4,025$3,713$3,424$2,982
9 years$4,157$3,797$3,466$3,162$2,883$2,462
10 years$3,703$3,347$3,022$2,726$2,457$2,055
11 years$3,332$2,980$2,661$2,372$2,113$1,731
12 years$3,023$2,674$2,361$2,081$1,831$1,468
13 years$2,762$2,417$2,110$1,837$1,597$1,253
14 years$2,538$2,197$1,895$1,631$1,400$1,074
15 years$2,345$2,007$1,711$1,454$1,232$925
16 years$2,175$1,841$1,552$1,302$1,089$798
17 years$2,026$1,696$1,412$1,170$966$691
18 years$1,894$1,567$1,289$1,054$859$600
19 years$1,775$1,452$1,180$953$765$522
20 years$1,669$1,349$1,083$863$684$455
21 years$1,573$1,257$996$783$612$397
22 years$1,485$1,173$918$712$548$347
23 years$1,406$1,097$848$648$492$304
24 years$1,333$1,028$784$591$442$266
25 years$1,266$965$726$540$398$233
26 years$1,204$907$673$494$359$204
27 years$1,147$853$625$452$323$179
28 years$1,094$804$581$414$292$158
29 years$1,045$759$541$380$263$138
30 years$999$717$504$349$238$122
31 years$957$677$470$320$215$107
32 years$917$641$438$294$195$94
33 years$879$607$409$271$176$83
34 years$844$575$382$249$159$73
35 years$811$546$357$229$144$64
36 years$780$518$334$211$131$57
37 years$750$492$313$194$119$50
38 years$723$467$293$179$108$44
39 years$696$444$275$165$98$39
40 years$671$423$257$152$88$34
41 years$648$403$241$141$80$30
42 years$625$383$226$130$73$26
43 years$604$365$212$120$66$23
44 years$583$348$199$111$60$21
45 years$564$332$187$102$54$18
46 years$545$317$176$94$49$16
47 years$528$302$165$87$45$14
48 years$511$289$155$81$41$12
49 years$495$276$146$74$37$11
50 years$479$263$137$69$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $491,000, adding $3,416 every year, while hoping to spend $24,920 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: 63/25/12 Blend
44$491,000$491,000$491,000$491,000
45$544,606$518,583$510,972$577,183
46$573,641$517,478$501,575$598,305
47$604,802$515,485$491,028$618,176
48$638,281$512,532$479,266$639,255
49$674,285$508,546$466,221$661,660
50$713,045$503,448$451,823$685,521
51$754,814$497,155$435,997$710,982
52$799,867$489,578$418,665$738,202
53$848,510$480,624$399,747$767,360
54$901,077$470,193$379,157$798,649
55$957,935$458,181$356,807$832,288
56$1,019,488$444,476$332,604$868,515
57$1,086,181$428,960$306,451$907,597
58$1,158,502$411,510$278,248$949,827
59$1,236,988$391,992$247,888$995,530
60$1,322,230$370,269$215,261$1,045,067
61$1,414,876$346,191$180,251$1,098,836
62$1,515,643$319,604$142,739$1,157,276
63$1,625,316$290,342$102,599$1,220,876
64$1,744,761$258,231$59,698$1,290,174
65$1,874,930$223,088$13,901$1,365,766
66$2,016,870$184,716$0$1,448,311
67$2,171,735$142,912$0$1,543,015
68$2,340,794$97,456$0$1,648,396
69$2,525,445$48,122$0$1,763,582
70$2,727,225$0$0$1,889,577
71$2,947,830$0$0$2,028,958
72$3,189,122$0$0$2,195,923
73$3,453,155$0$0$2,378,659
74$3,742,190$0$0$2,578,734
75$4,058,717$0$0$2,797,878
76$4,405,476$0$0$3,037,991
77$4,785,487$0$0$3,301,170
78$5,202,074$0$0$3,589,722
79$5,658,900$0$0$3,906,189
80$6,159,998$0$0$4,253,371
81$6,709,811$0$0$4,634,350
82$7,313,231$0$0$5,052,525
83$7,975,650$0$0$5,511,636
84$8,703,004$0$0$6,015,804
85$9,501,834$0$0$6,569,570
86$10,379,345$0$0$7,177,935
87$11,343,474$0$0$7,846,408
88$12,402,966$0$0$8,581,060
89$13,567,453$0$0$9,388,578
90$14,847,549$0$0$10,276,328
91$16,254,945$0$0$11,252,427
92$17,802,523$0$0$12,325,818
93$19,504,476$0$0$13,506,353
94$21,376,441$0$0$14,804,885
95$23,435,644$0$0$16,233,377
96$25,701,069$0$0$17,805,003
97$28,193,629$0$0$19,534,284
98$30,936,368$0$0$21,437,216
99$33,954,677$0$0$23,531,427
100$37,276,532$0$0$25,836,336