Can I retire at age 45 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$41,124$40,758$40,401$40,052$39,711$38,455
2 years$20,359$19,979$19,612$19,256$18,910$17,656
3 years$13,438$13,057$12,690$12,337$11,997$10,785
4 years$9,978$9,598$9,235$8,888$8,557$7,395
5 years$7,902$7,525$7,167$6,827$6,505$5,396
6 years$6,519$6,145$5,792$5,460$5,147$4,093
7 years$5,532$5,160$4,813$4,489$4,186$3,187
8 years$4,791$4,423$4,082$3,765$3,473$2,528
9 years$4,216$3,851$3,516$3,207$2,924$2,032
10 years$3,756$3,395$3,065$2,765$2,492$1,651
11 years$3,380$3,022$2,698$2,406$2,143$1,352
12 years$3,066$2,713$2,395$2,111$1,857$1,115
13 years$2,801$2,451$2,140$1,863$1,619$924
14 years$2,574$2,228$1,922$1,654$1,420$768
15 years$2,378$2,036$1,736$1,475$1,250$641
16 years$2,206$1,868$1,574$1,321$1,105$537
17 years$2,055$1,720$1,432$1,187$979$450
18 years$1,921$1,589$1,307$1,069$871$379
19 years$1,800$1,473$1,197$966$776$319
20 years$1,693$1,369$1,098$875$693$269
21 years$1,595$1,275$1,010$794$620$227
22 years$1,506$1,190$931$722$556$191
23 years$1,426$1,113$860$658$499$162
24 years$1,352$1,043$795$600$449$137
25 years$1,284$979$736$548$404$116
26 years$1,221$920$683$501$364$98
27 years$1,164$866$634$459$328$83
28 years$1,110$816$590$420$296$70
29 years$1,060$770$549$385$267$60
30 years$1,014$727$511$354$241$51
31 years$970$687$476$325$218$43
32 years$930$650$445$298$197$36
33 years$892$616$415$274$179$31
34 years$856$583$388$252$162$26
35 years$823$553$363$232$147$22
36 years$791$525$339$214$133$19
37 years$761$499$317$197$120$16
38 years$733$474$297$182$109$14
39 years$706$451$279$168$99$12
40 years$681$429$261$155$90$10
41 years$657$408$245$143$81$8
42 years$634$389$230$132$74$7
43 years$612$370$215$122$67$6
44 years$592$353$202$112$61$5
45 years$572$337$190$104$55$4
46 years$553$321$178$96$50$4
47 years$535$307$168$88$46$3
48 years$518$293$157$82$41$3
49 years$502$279$148$76$38$2
50 years$486$267$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $498,000, adding $2,098 every year, while hoping to spend $32,001 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: 52/27/21 Blend
44$498,000$498,000$498,000$498,000
45$550,960$524,566$516,847$576,310
46$573,109$516,221$500,113$585,662
47$596,445$506,394$481,745$592,343
48$621,055$494,980$461,656$598,934
49$647,033$481,865$439,752$605,436
50$674,485$466,931$415,938$611,854
51$703,522$450,050$390,112$618,197
52$734,269$431,090$362,168$624,473
53$766,860$409,909$331,996$630,696
54$801,442$386,357$299,481$636,883
55$838,178$360,277$264,502$643,056
56$877,242$331,501$226,933$649,242
57$918,829$299,853$186,643$655,472
58$963,149$265,145$143,495$661,785
59$1,010,433$227,180$97,346$668,226
60$1,060,936$185,750$48,045$674,849
61$1,114,933$140,634$0$681,717
62$1,172,731$91,600$0$689,927
63$1,234,663$38,401$0$710,096
64$1,301,094$0$0$731,582
65$1,372,427$0$0$760,249
66$1,449,102$0$0$803,362
67$1,531,604$0$0$849,787
68$1,620,464$0$0$899,829
69$1,716,266$0$0$953,822
70$1,819,651$0$0$1,012,131
71$1,931,323$0$0$1,075,159
72$2,052,057$0$0$1,143,351
73$2,182,704$0$0$1,217,191
74$2,324,199$0$0$1,297,215
75$2,477,570$0$0$1,384,011
76$2,643,949$0$0$1,478,227
77$2,824,579$0$0$1,580,574
78$3,020,828$0$0$1,691,835
79$3,234,200$0$0$1,812,871
80$3,466,352$0$0$1,944,629
81$3,719,105$0$0$2,088,152
82$3,994,463$0$0$2,244,588
83$4,294,632$0$0$2,415,198
84$4,622,040$0$0$2,601,372
85$4,979,357$0$0$2,804,642
86$5,369,526$0$0$3,026,689
87$5,795,783$0$0$3,269,368
88$6,261,694$0$0$3,534,720
89$6,771,182$0$0$3,824,993
90$7,328,568$0$0$4,142,659
91$7,938,608$0$0$4,490,445
92$8,606,543$0$0$4,871,349
93$9,338,140$0$0$5,288,676
94$10,139,753$0$0$5,746,065
95$11,018,377$0$0$6,247,523
96$11,981,719$0$0$6,797,463
97$13,038,265$0$0$7,400,747
98$14,197,362$0$0$8,062,729
99$15,469,307$0$0$8,789,307
100$16,865,441$0$0$9,586,978