Can I retire at age 45 with 282,000?

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 $282,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$23,287$23,080$22,877$22,680$22,487$21,881
2 years$11,528$11,314$11,106$10,904$10,708$10,102
3 years$7,609$7,394$7,186$6,986$6,794$6,206
4 years$5,650$5,435$5,230$5,033$4,845$4,281
5 years$4,475$4,261$4,058$3,866$3,683$3,144
6 years$3,692$3,480$3,280$3,092$2,914$2,401
7 years$3,132$2,922$2,726$2,542$2,370$1,882
8 years$2,713$2,505$2,311$2,132$1,966$1,503
9 years$2,387$2,181$1,991$1,816$1,656$1,217
10 years$2,127$1,922$1,736$1,566$1,411$997
11 years$1,914$1,711$1,528$1,363$1,213$823
12 years$1,736$1,536$1,356$1,195$1,052$683
13 years$1,586$1,388$1,212$1,055$917$571
14 years$1,458$1,262$1,089$937$804$479
15 years$1,347$1,153$983$835$708$403
16 years$1,249$1,058$891$748$626$340
17 years$1,164$974$811$672$555$288
18 years$1,088$900$740$606$493$244
19 years$1,020$834$678$547$440$208
20 years$958$775$622$496$393$177
21 years$903$722$572$450$351$150
22 years$853$674$527$409$315$128
23 years$807$630$487$372$283$109
24 years$765$591$450$340$254$93
25 years$727$554$417$310$229$80
26 years$692$521$387$284$206$68
27 years$659$490$359$260$186$58
28 years$629$462$334$238$168$50
29 years$600$436$311$218$151$43
30 years$574$412$289$200$137$37
31 years$549$389$270$184$124$31
32 years$527$368$252$169$112$27
33 years$505$349$235$155$101$23
34 years$485$330$220$143$92$20
35 years$466$313$205$132$83$17
36 years$448$297$192$121$75$14
37 years$431$282$180$112$68$12
38 years$415$268$168$103$62$11
39 years$400$255$158$95$56$9
40 years$386$243$148$88$51$8
41 years$372$231$139$81$46$7
42 years$359$220$130$75$42$6
43 years$347$210$122$69$38$5
44 years$335$200$115$64$34$4
45 years$324$191$108$59$31$4
46 years$313$182$101$54$28$3
47 years$303$174$95$50$26$3
48 years$293$166$89$46$23$2
49 years$284$158$84$43$21$2
50 years$275$151$79$40$19$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $282,000, adding $2,366 every year, while hoping to spend $22,741 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: 46/29/25 Blend
44$282,000$282,000$282,000$282,000
45$313,205$298,259$293,888$325,266
46$320,955$288,677$279,537$324,424
47$328,734$277,864$263,943$321,102
48$336,520$265,734$247,040$317,046
49$344,290$252,200$228,760$312,201
50$352,015$237,166$209,032$306,504
51$359,666$220,532$187,779$299,891
52$367,207$202,193$164,925$292,292
53$374,599$182,037$140,387$283,631
54$381,798$159,947$114,080$273,829
55$388,755$135,798$85,915$262,800
56$395,413$109,457$55,798$250,451
57$401,712$80,787$23,634$236,684
58$407,581$49,640$0$221,392
59$412,942$15,860$0$207,314
60$417,710$0$0$198,389
61$421,788$0$0$194,815
62$425,067$0$0$195,879
63$427,430$0$0$196,459
64$428,742$0$0$196,488
65$428,856$0$0$195,889
66$427,607$0$0$194,578
67$424,814$0$0$192,464
68$420,275$0$0$189,441
69$413,764$0$0$185,397
70$405,033$0$0$180,205
71$393,808$0$0$173,724
72$379,783$0$0$165,798
73$362,620$0$0$156,256
74$341,946$0$0$144,907
75$317,346$0$0$131,542
76$288,364$0$0$115,926
77$254,493$0$0$97,804
78$215,174$0$0$76,889
79$169,788$0$0$52,868
80$117,652$0$0$25,393
81$58,010$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0