Can I retire at age 45 with 494,000?

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 $494,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$40,794$40,431$40,076$39,730$39,392$38,581
2 years$20,195$19,819$19,454$19,101$18,758$17,945
3 years$13,330$12,952$12,588$12,238$11,901$11,110
4 years$9,898$9,521$9,161$8,817$8,488$7,726
5 years$7,839$7,465$7,109$6,772$6,452$5,722
6 years$6,467$6,095$5,745$5,416$5,106$4,407
7 years$5,487$5,119$4,774$4,453$4,152$3,486
8 years$4,753$4,388$4,049$3,735$3,445$2,811
9 years$4,182$3,820$3,488$3,182$2,901$2,298
10 years$3,726$3,368$3,040$2,743$2,472$1,900
11 years$3,352$2,998$2,677$2,387$2,126$1,584
12 years$3,042$2,691$2,376$2,094$1,842$1,330
13 years$2,779$2,432$2,122$1,848$1,606$1,123
14 years$2,554$2,210$1,907$1,641$1,408$953
15 years$2,359$2,019$1,722$1,463$1,240$811
16 years$2,189$1,853$1,561$1,310$1,096$692
17 years$2,038$1,706$1,420$1,177$972$593
18 years$1,905$1,577$1,297$1,061$864$509
19 years$1,786$1,461$1,187$959$770$437
20 years$1,679$1,358$1,089$868$688$377
21 years$1,582$1,265$1,002$788$615$325
22 years$1,494$1,181$924$716$552$280
23 years$1,414$1,104$853$652$495$242
24 years$1,341$1,034$789$595$445$209
25 years$1,274$971$730$543$401$181
26 years$1,212$912$677$497$361$157
27 years$1,154$859$629$455$325$136
28 years$1,101$809$585$417$294$118
29 years$1,052$763$544$382$265$102
30 years$1,006$721$507$351$239$89
31 years$963$681$473$322$217$77
32 years$922$645$441$296$196$67
33 years$885$611$412$272$177$58
34 years$849$579$385$250$160$50
35 years$816$549$360$231$145$44
36 years$785$521$336$212$132$38
37 years$755$495$315$196$119$33
38 years$727$470$295$180$108$29
39 years$700$447$276$166$98$25
40 years$675$425$259$153$89$22
41 years$652$405$243$141$81$19
42 years$629$386$228$131$73$16
43 years$607$368$214$121$66$14
44 years$587$350$201$111$60$12
45 years$567$334$188$103$55$11
46 years$549$319$177$95$50$9
47 years$531$304$166$88$45$8
48 years$514$290$156$81$41$7
49 years$498$277$147$75$37$6
50 years$482$265$138$69$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $494,000, adding $5,338 every year, while hoping to spend $41,069 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: 84/7/9 Blend
44$494,000$494,000$494,000$494,000
45$549,894$523,712$516,055$594,976
46$562,286$505,677$489,646$607,199
47$574,566$485,382$460,975$614,536
48$586,678$462,672$429,925$621,323
49$598,562$437,385$396,369$627,480
50$610,146$409,348$360,179$632,918
51$621,354$378,379$321,218$637,539
52$632,098$344,286$279,345$641,234
53$642,280$306,864$234,411$643,884
54$651,790$265,898$186,261$645,358
55$660,506$221,160$134,734$645,511
56$668,292$172,411$79,662$644,184
57$674,995$119,396$20,868$641,200
58$680,445$61,847$0$636,365
59$684,454$0$0$633,489
60$686,812$0$0$630,755
61$687,286$0$0$631,036
62$685,616$0$0$629,327
63$681,516$0$0$625,363
64$674,664$0$0$618,848
65$664,709$0$0$609,453
66$651,256$0$0$596,816
67$633,873$0$0$580,534
68$612,075$0$0$560,161
69$585,332$0$0$535,202
70$553,051$0$0$505,112
71$514,581$0$0$469,285
72$469,197$0$0$427,053
73$416,102$0$0$377,674
74$354,410$0$0$320,331
75$283,146$0$0$254,120
76$201,230$0$0$178,040
77$107,468$0$0$90,987
78$542$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0