Can I retire at age 45 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$42,280$41,904$41,536$41,178$40,828$39,808
2 years$20,931$20,541$20,163$19,797$19,442$18,421
3 years$13,815$13,424$13,047$12,684$12,335$11,345
4 years$10,258$9,868$9,495$9,138$8,797$7,846
5 years$8,125$7,737$7,368$7,019$6,687$5,777
6 years$6,703$6,318$5,955$5,613$5,292$4,423
7 years$5,687$5,305$4,948$4,615$4,303$3,477
8 years$4,926$4,548$4,197$3,871$3,570$2,785
9 years$4,334$3,960$3,615$3,298$3,007$2,263
10 years$3,861$3,490$3,151$2,842$2,562$1,858
11 years$3,475$3,107$2,774$2,474$2,203$1,538
12 years$3,152$2,789$2,462$2,170$1,909$1,282
13 years$2,880$2,520$2,200$1,916$1,665$1,075
14 years$2,647$2,291$1,977$1,701$1,459$905
15 years$2,445$2,093$1,785$1,517$1,285$764
16 years$2,268$1,920$1,618$1,358$1,136$648
17 years$2,113$1,768$1,472$1,220$1,007$550
18 years$1,975$1,634$1,344$1,100$895$468
19 years$1,851$1,514$1,230$994$798$399
20 years$1,740$1,407$1,129$900$713$341
21 years$1,640$1,311$1,039$817$638$292
22 years$1,549$1,224$957$743$572$250
23 years$1,466$1,144$884$676$513$214
24 years$1,390$1,072$817$617$461$183
25 years$1,320$1,006$757$563$415$157
26 years$1,256$946$702$515$374$135
27 years$1,196$890$652$471$337$116
28 years$1,141$839$606$432$304$100
29 years$1,090$791$564$396$275$86
30 years$1,042$747$525$363$248$74
31 years$998$706$490$334$224$63
32 years$956$668$457$307$203$54
33 years$917$633$427$282$184$47
34 years$880$600$399$260$166$40
35 years$846$569$373$239$151$35
36 years$813$540$349$220$136$30
37 years$782$513$326$203$124$26
38 years$753$487$306$187$112$22
39 years$726$463$286$172$102$19
40 years$700$441$268$159$92$16
41 years$675$420$252$147$84$14
42 years$652$400$236$135$76$12
43 years$630$381$222$125$69$10
44 years$608$363$208$115$63$9
45 years$588$346$195$107$57$8
46 years$569$330$183$98$52$7
47 years$550$315$172$91$47$6
48 years$533$301$162$84$43$5
49 years$516$287$152$78$39$4
50 years$500$274$143$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $512,000, adding $6,911 every year, while hoping to spend $38,116 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: 52/35/13 Blend
44$512,000$512,000$512,000$512,000
45$571,353$544,217$536,281$598,738
46$589,076$530,328$513,691$604,314
47$607,329$514,482$489,067$605,743
48$626,126$496,541$462,300$606,429
49$645,481$476,362$433,278$606,314
50$665,409$453,792$401,881$605,333
51$685,922$428,670$367,986$603,418
52$707,037$400,825$331,464$600,499
53$728,766$370,077$292,180$596,498
54$751,125$336,235$249,992$591,336
55$774,127$299,098$204,754$584,926
56$797,786$258,452$156,312$577,178
57$822,116$214,073$104,505$567,995
58$847,132$165,722$49,165$557,277
59$872,845$113,148$0$544,914
60$899,269$56,086$0$532,165
61$926,417$0$0$524,903
62$954,299$0$0$518,411
63$982,927$0$0$533,920
64$1,012,311$0$0$549,834
65$1,042,460$0$0$566,157
66$1,073,380$0$0$582,893
67$1,105,079$0$0$600,043
68$1,137,561$0$0$617,611
69$1,170,829$0$0$635,595
70$1,204,883$0$0$653,997
71$1,239,722$0$0$672,812
72$1,275,340$0$0$692,039
73$1,311,730$0$0$711,670
74$1,348,881$0$0$731,698
75$1,386,776$0$0$752,114
76$1,425,396$0$0$772,905
77$1,464,717$0$0$794,054
78$1,504,707$0$0$815,543
79$1,545,330$0$0$837,350
80$1,586,541$0$0$859,448
81$1,628,288$0$0$881,805
82$1,670,512$0$0$904,386
83$1,713,140$0$0$927,148
84$1,756,092$0$0$950,043
85$1,799,274$0$0$973,015
86$1,842,579$0$0$996,002
87$1,885,883$0$0$1,018,931
88$1,929,048$0$0$1,041,722
89$1,971,917$0$0$1,064,280
90$2,014,310$0$0$1,086,504
91$2,056,028$0$0$1,108,275
92$2,096,842$0$0$1,129,461
93$2,136,499$0$0$1,149,914
94$2,174,714$0$0$1,169,469
95$2,211,165$0$0$1,187,941
96$2,245,495$0$0$1,205,120
97$2,277,304$0$0$1,220,776
98$2,306,144$0$0$1,234,650
99$2,331,518$0$0$1,246,454
100$2,352,870$0$0$1,255,867