Can I retire at age 45 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$42,363$41,986$41,618$41,258$40,907$39,393
2 years$20,972$20,581$20,203$19,836$19,480$17,971
3 years$13,842$13,450$13,072$12,709$12,359$10,904
4 years$10,278$9,887$9,513$9,156$8,814$7,424
5 years$8,140$7,752$7,383$7,033$6,701$5,378
6 years$6,716$6,330$5,966$5,624$5,302$4,048
7 years$5,698$5,316$4,958$4,624$4,312$3,126
8 years$4,936$4,557$4,205$3,879$3,577$2,459
9 years$4,343$3,967$3,622$3,304$3,012$1,960
10 years$3,869$3,497$3,157$2,848$2,567$1,579
11 years$3,481$3,113$2,780$2,479$2,207$1,281
12 years$3,159$2,794$2,467$2,174$1,913$1,046
13 years$2,886$2,525$2,204$1,919$1,668$859
14 years$2,652$2,295$1,980$1,704$1,462$707
15 years$2,450$2,097$1,788$1,520$1,288$585
16 years$2,273$1,924$1,621$1,361$1,138$484
17 years$2,117$1,772$1,475$1,222$1,009$402
18 years$1,978$1,637$1,347$1,102$897$335
19 years$1,855$1,517$1,233$995$800$279
20 years$1,744$1,410$1,131$902$714$232
21 years$1,643$1,313$1,041$818$639$194
22 years$1,552$1,226$959$744$573$162
23 years$1,469$1,147$886$678$514$136
24 years$1,393$1,074$819$618$462$113
25 years$1,323$1,008$759$564$416$95
26 years$1,258$948$704$516$375$79
27 years$1,199$892$653$472$338$67
28 years$1,143$840$607$433$305$56
29 years$1,092$793$565$397$275$47
30 years$1,044$749$526$364$249$39
31 years$1,000$708$491$334$225$33
32 years$958$670$458$307$203$28
33 years$919$634$428$283$184$23
34 years$882$601$399$260$167$19
35 years$847$570$373$239$151$16
36 years$815$541$349$221$137$14
37 years$784$514$327$203$124$11
38 years$755$488$306$187$112$10
39 years$727$464$287$173$102$8
40 years$701$442$269$159$92$7
41 years$677$421$252$147$84$6
42 years$653$401$237$136$76$5
43 years$631$382$222$125$69$4
44 years$610$364$208$116$63$3
45 years$589$347$196$107$57$3
46 years$570$331$184$99$52$2
47 years$551$316$173$91$47$2
48 years$534$301$162$84$43$2
49 years$517$288$152$78$39$1
50 years$501$275$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $513,000, adding $3,344 every year, while hoping to spend $37,886 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: 46/49/5 Blend
44$513,000$513,000$513,000$513,000
45$568,775$541,586$533,635$594,030
46$586,480$527,814$511,201$597,943
47$604,721$512,096$486,746$597,939
48$623,512$494,299$460,162$597,038
49$642,870$474,279$431,337$595,169
50$662,808$451,884$400,152$592,254
51$683,342$426,954$366,485$588,214
52$704,488$399,320$330,207$582,962
53$726,262$368,802$291,185$576,408
54$748,678$335,212$249,278$568,454
55$771,754$298,348$204,339$559,000
56$795,505$257,999$156,217$547,935
57$819,947$213,941$104,750$535,145
58$845,096$165,939$49,774$520,509
59$870,968$113,742$0$503,897
60$897,579$57,087$0$485,647
61$924,944$0$0$468,004
62$953,078$0$0$450,487
63$981,996$0$0$464,118
64$1,011,712$0$0$478,121
65$1,042,241$0$0$492,502
66$1,073,594$0$0$507,267
67$1,105,784$0$0$522,421
68$1,138,823$0$0$537,968
69$1,172,718$0$0$553,912
70$1,207,480$0$0$570,256
71$1,243,115$0$0$587,002
72$1,279,628$0$0$604,151
73$1,317,020$0$0$621,704
74$1,355,294$0$0$639,659
75$1,394,445$0$0$658,013
76$1,434,468$0$0$676,763
77$1,475,354$0$0$695,901
78$1,517,089$0$0$715,420
79$1,559,656$0$0$735,309
80$1,603,030$0$0$755,554
81$1,647,184$0$0$776,139
82$1,692,083$0$0$797,045
83$1,737,682$0$0$818,248
84$1,783,933$0$0$839,721
85$1,830,775$0$0$861,432
86$1,878,138$0$0$883,343
87$1,925,943$0$0$905,411
88$1,974,094$0$0$927,587
89$2,022,486$0$0$949,814
90$2,070,996$0$0$972,029
91$2,119,483$0$0$994,157
92$2,167,789$0$0$1,016,117
93$2,215,734$0$0$1,037,814
94$2,263,115$0$0$1,059,142
95$2,309,702$0$0$1,079,983
96$2,355,236$0$0$1,100,204
97$2,399,429$0$0$1,119,654
98$2,441,954$0$0$1,138,166
99$2,482,446$0$0$1,155,552
100$2,520,499$0$0$1,171,602