Can I retire at age 45 with 505,000?

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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$41,702$41,331$40,969$40,615$40,269$39,965
2 years$20,645$20,260$19,888$19,526$19,176$18,869
3 years$13,626$13,240$12,869$12,511$12,166$11,866
4 years$10,118$9,733$9,365$9,013$8,677$8,387
5 years$8,013$7,631$7,268$6,923$6,596$6,316
6 years$6,611$6,231$5,873$5,536$5,219$4,950
7 years$5,609$5,233$4,881$4,552$4,245$3,986
8 years$4,859$4,486$4,139$3,818$3,521$3,273
9 years$4,275$3,905$3,565$3,252$2,965$2,728
10 years$3,809$3,442$3,108$2,804$2,527$2,300
11 years$3,427$3,065$2,736$2,440$2,173$1,956
12 years$3,109$2,751$2,428$2,140$1,883$1,676
13 years$2,841$2,486$2,170$1,889$1,642$1,445
14 years$2,611$2,260$1,949$1,677$1,439$1,252
15 years$2,411$2,064$1,760$1,496$1,267$1,089
16 years$2,237$1,894$1,596$1,339$1,120$951
17 years$2,084$1,744$1,452$1,203$993$833
18 years$1,948$1,612$1,326$1,085$883$732
19 years$1,826$1,494$1,214$980$787$644
20 years$1,716$1,388$1,114$888$703$568
21 years$1,617$1,293$1,024$805$629$501
22 years$1,528$1,207$944$732$564$443
23 years$1,446$1,129$872$667$506$393
24 years$1,371$1,058$806$608$455$348
25 years$1,302$992$747$556$409$309
26 years$1,239$933$693$508$369$275
27 years$1,180$878$643$465$333$244
28 years$1,126$827$598$426$300$217
29 years$1,075$780$556$391$271$193
30 years$1,028$737$518$359$245$172
31 years$984$697$483$329$221$153
32 years$943$659$451$303$200$137
33 years$904$624$421$278$181$122
34 years$868$592$393$256$164$109
35 years$834$561$368$236$149$97
36 years$802$533$344$217$135$87
37 years$772$506$322$200$122$77
38 years$743$481$301$184$111$69
39 years$716$457$282$170$100$62
40 years$690$435$265$157$91$55
41 years$666$414$248$145$83$49
42 years$643$394$233$133$75$44
43 years$621$376$218$123$68$39
44 years$600$358$205$114$62$35
45 years$580$341$193$105$56$31
46 years$561$326$181$97$51$28
47 years$543$311$170$90$46$25
48 years$526$297$160$83$42$22
49 years$509$283$150$77$38$20
50 years$493$271$141$71$35$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $505,000, adding $2,673 every year, while hoping to spend $36,822 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: 33/41/26 Blend
44$505,000$505,000$505,000$505,000
45$559,267$532,502$524,675$573,220
46$577,134$519,416$503,073$570,904
47$595,589$504,455$479,513$564,928
48$614,654$487,488$453,892$557,758
49$634,350$468,377$426,099$549,315
50$654,701$446,974$396,020$539,513
51$675,730$423,126$363,537$528,262
52$697,464$396,668$328,524$515,468
53$719,927$367,427$290,852$501,030
54$743,149$335,220$250,384$484,845
55$767,157$299,853$206,979$466,800
56$791,983$261,121$160,489$446,780
57$817,658$218,809$110,758$424,661
58$844,216$172,688$57,625$400,314
59$871,693$122,516$922$373,603
60$900,125$68,039$0$344,384
61$929,552$8,987$0$329,039
62$960,016$0$0$312,225
63$991,560$0$0$318,352
64$1,024,230$0$0$328,902
65$1,058,076$0$0$339,838
66$1,093,150$0$0$351,177
67$1,129,506$0$0$362,938
68$1,167,204$0$0$375,141
69$1,206,305$0$0$387,807
70$1,246,876$0$0$400,958
71$1,288,987$0$0$414,620
72$1,332,714$0$0$428,816
73$1,378,137$0$0$443,576
74$1,425,342$0$0$458,928
75$1,474,420$0$0$474,904
76$1,525,472$0$0$491,539
77$1,578,601$0$0$508,869
78$1,633,922$0$0$526,933
79$1,691,555$0$0$545,773
80$1,751,634$0$0$565,436
81$1,814,297$0$0$585,970
82$1,879,699$0$0$607,429
83$1,948,002$0$0$629,869
84$2,019,384$0$0$653,354
85$2,094,036$0$0$677,950
86$2,172,167$0$0$703,731
87$2,253,999$0$0$730,775
88$2,339,778$0$0$759,168
89$2,429,765$0$0$789,004
90$2,524,248$0$0$820,384
91$2,623,538$0$0$853,417
92$2,727,973$0$0$888,225
93$2,837,920$0$0$924,938
94$2,953,780$0$0$963,698
95$3,075,989$0$0$1,004,661
96$3,205,023$0$0$1,047,996
97$3,341,399$0$0$1,093,888
98$3,485,684$0$0$1,142,539
99$3,638,495$0$0$1,194,171
100$3,800,507$0$0$1,249,025