Can I retire at age 45 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$41,042$40,676$40,320$39,971$39,631$39,316
2 years$20,318$19,939$19,573$19,217$18,872$18,554
3 years$13,411$13,031$12,665$12,313$11,973$11,662
4 years$9,958$9,579$9,217$8,870$8,539$8,238
5 years$7,887$7,510$7,153$6,813$6,492$6,201
6 years$6,506$6,132$5,780$5,449$5,137$4,857
7 years$5,521$5,150$4,803$4,480$4,177$3,909
8 years$4,782$4,415$4,074$3,758$3,466$3,208
9 years$4,207$3,844$3,509$3,201$2,918$2,672
10 years$3,748$3,388$3,059$2,759$2,487$2,251
11 years$3,373$3,016$2,693$2,401$2,139$1,914
12 years$3,060$2,707$2,390$2,106$1,853$1,639
13 years$2,796$2,446$2,135$1,860$1,616$1,412
14 years$2,569$2,224$1,919$1,651$1,417$1,223
15 years$2,373$2,031$1,732$1,472$1,247$1,063
16 years$2,202$1,864$1,571$1,318$1,102$928
17 years$2,051$1,716$1,429$1,184$977$812
18 years$1,917$1,586$1,305$1,067$869$712
19 years$1,797$1,470$1,194$964$775$626
20 years$1,689$1,366$1,096$873$692$552
21 years$1,592$1,272$1,008$793$619$487
22 years$1,503$1,188$929$721$555$431
23 years$1,423$1,111$858$656$498$381
24 years$1,349$1,041$793$599$448$338
25 years$1,281$977$735$547$403$299
26 years$1,219$918$682$500$363$266
27 years$1,161$864$633$458$327$236
28 years$1,108$814$588$419$295$210
29 years$1,058$768$548$384$267$187
30 years$1,012$725$510$353$241$166
31 years$968$686$475$324$218$148
32 years$928$649$444$298$197$132
33 years$890$614$414$274$178$117
34 years$854$582$387$252$161$105
35 years$821$552$362$232$146$93
36 years$789$524$338$214$132$83
37 years$760$498$317$197$120$74
38 years$731$473$297$181$109$66
39 years$705$450$278$167$99$59
40 years$679$428$261$154$90$53
41 years$656$407$244$142$81$47
42 years$633$388$229$131$74$42
43 years$611$370$215$121$67$37
44 years$591$352$202$112$61$33
45 years$571$336$190$103$55$30
46 years$552$321$178$96$50$27
47 years$534$306$167$88$45$24
48 years$517$292$157$82$41$21
49 years$501$279$148$75$37$19
50 years$485$266$139$70$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $497,000, adding $3,299 every year, while hoping to spend $31,868 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: 55/17/28 Blend
44$497,000$497,000$497,000$497,000
45$551,097$524,756$517,052$576,973
46$573,401$516,562$500,466$586,985
47$596,913$506,898$482,257$594,321
48$621,721$495,659$462,335$601,669
49$647,923$482,732$440,610$609,042
50$675,625$468,001$416,984$616,455
51$704,944$451,338$391,359$623,928
52$736,007$432,611$363,627$631,482
53$768,951$411,680$333,680$639,146
54$803,928$388,397$301,402$646,951
55$841,104$362,604$266,675$654,935
56$880,660$334,135$229,372$663,142
57$922,794$302,814$189,363$671,624
58$967,724$268,457$146,511$680,440
59$1,015,687$230,866$100,674$689,657
60$1,066,943$189,835$51,703$699,353
61$1,121,779$145,145$0$709,618
62$1,180,507$96,564$0$720,720
63$1,243,472$43,848$0$749,104
64$1,311,049$0$0$779,488
65$1,383,652$0$0$814,555
66$1,461,736$0$0$861,123
67$1,545,798$0$0$911,291
68$1,636,386$0$0$965,389
69$1,734,100$0$0$1,023,782
70$1,839,602$0$0$1,086,868
71$1,953,617$0$0$1,155,086
72$2,076,942$0$0$1,228,920
73$2,210,454$0$0$1,308,899
74$2,355,116$0$0$1,395,607
75$2,511,989$0$0$1,489,685
76$2,682,237$0$0$1,591,839
77$2,867,142$0$0$1,702,843
78$3,068,115$0$0$1,823,552
79$3,286,705$0$0$1,954,904
80$3,524,618$0$0$2,097,933
81$3,783,733$0$0$2,253,775
82$4,066,116$0$0$2,423,681
83$4,374,039$0$0$2,609,028
84$4,710,006$0$0$2,811,332
85$5,076,770$0$0$3,032,261
86$5,477,364$0$0$3,273,651
87$5,915,126$0$0$3,537,524
88$6,393,730$0$0$3,826,105
89$6,917,222$0$0$4,141,846
90$7,490,058$0$0$4,487,445
91$8,117,142$0$0$4,865,874
92$8,803,877$0$0$5,280,406
93$9,556,210$0$0$5,734,642
94$10,380,693$0$0$6,232,554
95$11,284,540$0$0$6,778,512
96$12,275,697$0$0$7,377,329
97$13,362,917$0$0$8,034,309
98$14,555,839$0$0$8,755,293
99$15,865,081$0$0$9,546,714
100$17,302,339$0$0$10,415,659