Can I retire at age 45 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$42,776$42,395$42,023$41,660$41,306$40,340
2 years$21,176$20,782$20,400$20,029$19,670$18,702
3 years$13,977$13,581$13,200$12,833$12,479$11,540
4 years$10,378$9,984$9,606$9,245$8,900$7,997
5 years$8,220$7,827$7,455$7,101$6,766$5,901
6 years$6,781$6,392$6,025$5,679$5,354$4,528
7 years$5,754$5,368$5,006$4,669$4,354$3,567
8 years$4,984$4,601$4,246$3,917$3,612$2,864
9 years$4,385$4,006$3,657$3,336$3,042$2,332
10 years$3,907$3,531$3,188$2,876$2,592$1,920
11 years$3,515$3,144$2,807$2,503$2,229$1,594
12 years$3,189$2,821$2,491$2,195$1,932$1,332
13 years$2,914$2,550$2,226$1,938$1,684$1,119
14 years$2,678$2,318$2,000$1,720$1,477$945
15 years$2,474$2,117$1,805$1,534$1,300$800
16 years$2,295$1,943$1,637$1,374$1,149$680
17 years$2,138$1,789$1,490$1,234$1,019$579
18 years$1,998$1,653$1,360$1,112$906$495
19 years$1,873$1,532$1,245$1,005$807$423
20 years$1,761$1,424$1,142$910$721$362
21 years$1,659$1,326$1,051$826$645$311
22 years$1,567$1,238$968$751$578$267
23 years$1,483$1,158$894$684$519$229
24 years$1,406$1,085$827$624$467$197
25 years$1,335$1,018$766$570$420$170
26 years$1,270$957$710$521$378$146
27 years$1,210$900$660$477$341$126
28 years$1,155$848$613$437$308$109
29 years$1,103$800$571$401$278$94
30 years$1,054$756$532$368$251$81
31 years$1,009$715$496$338$227$70
32 years$967$676$462$310$205$60
33 years$928$640$432$285$186$52
34 years$891$607$403$263$168$45
35 years$856$576$377$242$152$39
36 years$823$546$353$223$138$33
37 years$792$519$330$205$125$29
38 years$762$493$309$189$113$25
39 years$735$469$290$174$103$22
40 years$708$446$272$161$93$19
41 years$683$425$255$148$85$16
42 years$659$404$239$137$77$14
43 years$637$385$224$126$70$12
44 years$615$367$210$117$63$10
45 years$595$350$198$108$57$9
46 years$575$334$186$100$52$8
47 years$557$319$174$92$47$7
48 years$539$304$164$85$43$6
49 years$522$291$154$79$39$5
50 years$506$278$145$73$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $518,000, adding $3,642 every year, while hoping to spend $28,821 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: 46/31/23 Blend
44$518,000$518,000$518,000$518,000
45$574,593$547,139$539,110$597,083
46$602,536$543,283$526,505$609,401
47$632,363$538,273$512,511$619,633
48$664,237$532,021$497,053$630,152
49$698,333$524,434$480,048$640,999
50$734,848$515,416$461,415$652,221
51$773,993$504,862$441,063$663,872
52$816,003$492,663$418,901$676,011
53$861,135$478,703$394,834$688,710
54$909,670$462,859$368,760$702,047
55$961,918$445,000$340,575$716,111
56$1,018,217$424,989$310,168$731,005
57$1,078,943$402,681$277,426$746,842
58$1,144,503$377,920$242,228$763,752
59$1,215,349$350,545$204,450$781,881
60$1,291,976$320,383$163,960$801,393
61$1,374,928$287,252$120,623$822,472
62$1,464,802$250,960$74,295$845,324
63$1,562,258$211,302$24,830$870,182
64$1,668,017$168,065$0$897,306
65$1,782,875$121,020$0$933,849
66$1,907,708$69,930$0$980,222
67$2,043,477$14,539$0$1,030,733
68$2,191,242$0$0$1,085,829
69$2,352,168$0$0$1,161,504
70$2,527,537$0$0$1,249,430
71$2,718,761$0$0$1,345,362
72$2,927,392$0$0$1,450,087
73$3,155,140$0$0$1,564,471
74$3,403,886$0$0$1,689,465
75$3,675,702$0$0$1,826,119
76$3,972,870$0$0$1,975,588
77$4,297,899$0$0$2,139,144
78$4,653,555$0$0$2,318,187
79$5,042,881$0$0$2,514,260
80$5,469,231$0$0$2,729,060
81$5,936,296$0$0$2,964,457
82$6,448,141$0$0$3,222,511
83$7,009,244$0$0$3,505,491
84$7,624,537$0$0$3,815,895
85$8,299,451$0$0$4,156,474
86$9,039,968$0$0$4,530,261
87$9,852,677$0$0$4,940,593
88$10,744,838$0$0$5,391,148
89$11,724,446$0$0$5,885,979
90$12,800,309$0$0$6,429,548
91$13,982,128$0$0$7,026,771
92$15,280,593$0$0$7,683,066
93$16,707,479$0$0$8,404,399
94$18,275,757$0$0$9,197,345
95$19,999,719$0$0$10,069,145
96$21,895,110$0$0$11,027,779
97$23,979,276$0$0$12,082,040
98$26,271,330$0$0$13,241,611
99$28,792,328$0$0$14,517,166
100$31,565,469$0$0$15,920,462