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%12.3%
1 years$41,290$40,922$40,563$40,213$39,871$39,487
2 years$20,440$20,060$19,691$19,333$18,986$18,600
3 years$13,492$13,109$12,741$12,387$12,046$11,668
4 years$10,018$9,637$9,272$8,924$8,591$8,226
5 years$7,934$7,555$7,196$6,855$6,531$6,179
6 years$6,545$6,169$5,815$5,482$5,168$4,829
7 years$5,554$5,181$4,832$4,507$4,203$3,878
8 years$4,811$4,441$4,098$3,781$3,486$3,175
9 years$4,233$3,867$3,530$3,220$2,936$2,639
10 years$3,771$3,408$3,077$2,776$2,502$2,218
11 years$3,393$3,034$2,709$2,416$2,152$1,881
12 years$3,079$2,723$2,404$2,119$1,864$1,607
13 years$2,813$2,461$2,148$1,871$1,626$1,381
14 years$2,585$2,237$1,930$1,661$1,425$1,192
15 years$2,388$2,044$1,743$1,481$1,255$1,034
16 years$2,215$1,875$1,580$1,326$1,109$900
17 years$2,063$1,727$1,438$1,191$983$785
18 years$1,928$1,596$1,312$1,074$874$687
19 years$1,808$1,479$1,202$970$779$602
20 years$1,699$1,374$1,103$879$696$529
21 years$1,601$1,280$1,014$798$623$466
22 years$1,512$1,195$935$725$558$410
23 years$1,431$1,118$863$660$501$362
24 years$1,357$1,047$798$602$451$320
25 years$1,289$983$739$550$405$283
26 years$1,226$923$686$503$365$250
27 years$1,168$869$637$460$329$222
28 years$1,114$819$592$422$297$196
29 years$1,064$773$551$387$268$174
30 years$1,018$730$513$355$242$154
31 years$974$690$478$326$219$137
32 years$934$653$446$300$198$122
33 years$895$618$417$276$179$108
34 years$860$586$389$254$162$96
35 years$826$556$364$233$147$85
36 years$794$527$341$215$133$76
37 years$764$501$319$198$121$67
38 years$736$476$298$183$110$60
39 years$709$453$280$168$99$53
40 years$684$431$262$155$90$47
41 years$659$410$246$143$82$42
42 years$637$390$231$132$74$37
43 years$615$372$216$122$67$33
44 years$594$355$203$113$61$30
45 years$574$338$191$104$55$26
46 years$555$323$179$96$50$23
47 years$538$308$168$89$46$21
48 years$520$294$158$82$42$19
49 years$504$281$149$76$38$17
50 years$488$268$140$70$34$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $500,000, adding $3,472 every year, while hoping to spend $33,547 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: 28/42/30 Blend
44$500,000$500,000$500,000$500,000
45$554,581$528,081$520,331$564,900
46$575,455$518,264$502,069$563,678
47$597,333$506,840$482,070$559,262
48$620,283$493,698$460,241$553,854
49$644,378$478,715$436,485$547,392
50$669,696$461,764$410,699$539,814
51$696,324$442,709$382,777$531,054
52$724,356$421,408$352,606$521,041
53$753,892$397,708$320,070$509,706
54$785,043$371,451$285,047$496,973
55$817,931$342,466$247,410$482,767
56$852,688$310,574$207,025$467,007
57$889,456$275,586$163,755$449,612
58$928,394$237,303$117,454$430,498
59$969,671$195,512$67,970$409,576
60$1,013,476$149,991$15,145$386,759
61$1,060,014$100,504$0$361,953
62$1,109,508$46,801$0$348,262
63$1,162,204$0$0$338,425
64$1,218,370$0$0$332,809
65$1,278,300$0$0$349,942
66$1,342,315$0$0$368,293
67$1,410,770$0$0$387,970
68$1,484,051$0$0$409,091
69$1,562,581$0$0$431,784
70$1,646,828$0$0$456,192
71$1,737,300$0$0$482,472
72$1,834,560$0$0$510,794
73$1,939,221$0$0$541,348
74$2,051,961$0$0$574,338
75$2,173,521$0$0$609,994
76$2,304,715$0$0$648,565
77$2,446,441$0$0$690,324
78$2,599,682$0$0$735,575
79$2,765,521$0$0$784,649
80$2,945,146$0$0$837,911
81$3,139,865$0$0$895,762
82$3,351,117$0$0$958,644
83$3,580,482$0$0$1,027,042
84$3,829,701$0$0$1,101,492
85$4,100,686$0$0$1,182,581
86$4,395,543$0$0$1,270,956
87$4,716,588$0$0$1,367,329
88$5,066,369$0$0$1,472,485
89$5,447,692$0$0$1,587,286
90$5,863,643$0$0$1,712,682
91$6,317,620$0$0$1,849,718
92$6,813,363$0$0$1,999,546
93$7,354,989$0$0$2,163,432
94$7,947,031$0$0$2,342,773
95$8,594,479$0$0$2,539,105
96$9,302,828$0$0$2,754,119
97$10,078,127$0$0$2,989,680
98$10,927,039$0$0$3,247,840
99$11,856,899$0$0$3,530,857
100$12,875,787$0$0$3,841,223