Can I retire at age 45 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$41,290$40,922$40,563$40,213$39,871$38,365
2 years$20,440$20,060$19,691$19,333$18,986$17,486
3 years$13,492$13,109$12,741$12,387$12,046$10,599
4 years$10,018$9,637$9,272$8,924$8,591$7,209
5 years$7,934$7,555$7,196$6,855$6,531$5,217
6 years$6,545$6,169$5,815$5,482$5,168$3,922
7 years$5,554$5,181$4,832$4,507$4,203$3,026
8 years$4,811$4,441$4,098$3,781$3,486$2,377
9 years$4,233$3,867$3,530$3,220$2,936$1,893
10 years$3,771$3,408$3,077$2,776$2,502$1,522
11 years$3,393$3,034$2,709$2,416$2,152$1,234
12 years$3,079$2,723$2,404$2,119$1,864$1,006
13 years$2,813$2,461$2,148$1,871$1,626$825
14 years$2,585$2,237$1,930$1,661$1,425$679
15 years$2,388$2,044$1,743$1,481$1,255$560
16 years$2,215$1,875$1,580$1,326$1,109$463
17 years$2,063$1,727$1,438$1,191$983$384
18 years$1,928$1,596$1,312$1,074$874$319
19 years$1,808$1,479$1,202$970$779$265
20 years$1,699$1,374$1,103$879$696$221
21 years$1,601$1,280$1,014$798$623$184
22 years$1,512$1,195$935$725$558$154
23 years$1,431$1,118$863$660$501$128
24 years$1,357$1,047$798$602$451$107
25 years$1,289$983$739$550$405$89
26 years$1,226$923$686$503$365$75
27 years$1,168$869$637$460$329$63
28 years$1,114$819$592$422$297$52
29 years$1,064$773$551$387$268$44
30 years$1,018$730$513$355$242$37
31 years$974$690$478$326$219$31
32 years$934$653$446$300$198$26
33 years$895$618$417$276$179$21
34 years$860$586$389$254$162$18
35 years$826$556$364$233$147$15
36 years$794$527$341$215$133$13
37 years$764$501$319$198$121$11
38 years$736$476$298$183$110$9
39 years$709$453$280$168$99$7
40 years$684$431$262$155$90$6
41 years$659$410$246$143$82$5
42 years$637$390$231$132$74$4
43 years$615$372$216$122$67$4
44 years$594$355$203$113$61$3
45 years$574$338$191$104$55$3
46 years$555$323$179$96$50$2
47 years$538$308$168$89$46$2
48 years$520$294$158$82$42$1
49 years$504$281$149$76$38$1
50 years$488$268$140$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $500,000, adding $5,176 every year, while hoping to spend $25,120 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: 44/45/11 Blend
44$500,000$500,000$500,000$500,000
45$556,339$529,839$522,089$578,845
46$586,358$529,074$512,852$594,253
47$618,597$527,429$502,463$607,988
48$653,256$524,835$490,857$622,311
49$690,555$521,218$477,967$637,286
50$730,734$516,500$463,722$652,987
51$774,058$510,598$448,046$669,493
52$820,818$503,424$430,861$686,895
53$871,333$494,883$412,087$705,295
54$925,955$484,879$391,638$724,806
55$985,070$473,305$369,425$745,557
56$1,049,101$460,050$345,354$767,690
57$1,118,515$444,999$319,330$791,365
58$1,193,825$428,025$291,249$816,760
59$1,275,596$408,999$261,006$844,076
60$1,364,446$387,780$228,490$873,534
61$1,461,060$364,222$193,585$905,383
62$1,566,189$338,168$156,170$939,900
63$1,680,657$309,456$116,118$977,394
64$1,805,374$277,910$73,299$1,018,209
65$1,941,342$243,346$27,574$1,062,727
66$2,089,660$205,572$0$1,111,374
67$2,251,542$164,381$0$1,167,116
68$2,428,320$119,557$0$1,231,603
69$2,621,464$70,871$0$1,302,201
70$2,832,591$18,081$0$1,379,579
71$3,063,481$0$0$1,464,479
72$3,316,093$0$0$1,577,070
73$3,592,585$0$0$1,710,165
74$3,895,335$0$0$1,855,960
75$4,226,960$0$0$2,015,725
76$4,590,340$0$0$2,190,854
77$4,988,650$0$0$2,382,887
78$5,425,386$0$0$2,593,518
79$5,904,398$0$0$2,824,611
80$6,429,926$0$0$3,078,222
81$7,006,641$0$0$3,356,615
82$7,639,688$0$0$3,662,283
83$8,334,735$0$0$3,997,972
84$9,098,024$0$0$4,366,710
85$9,936,432$0$0$4,771,828
86$10,857,537$0$0$5,216,999
87$11,869,683$0$0$5,706,269
88$12,982,065$0$0$6,244,094
89$14,204,813$0$0$6,835,385
90$15,549,086$0$0$7,485,550
91$17,027,180$0$0$8,200,551
92$18,652,640$0$0$8,986,953
93$20,440,391$0$0$9,851,992
94$22,406,876$0$0$10,803,638
95$24,570,211$0$0$11,850,674
96$26,950,358$0$0$13,002,777
97$29,569,311$0$0$14,270,610
98$32,451,303$0$0$15,665,921
99$35,623,034$0$0$17,201,655
100$39,113,925$0$0$18,892,074