Can I retire at age 45 with 293,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $293,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$24,196$23,980$23,770$23,565$23,364$22,535
2 years$11,978$11,755$11,539$11,329$11,126$10,299
3 years$7,906$7,682$7,466$7,259$7,059$6,261
4 years$5,870$5,647$5,434$5,229$5,034$4,271
5 years$4,649$4,427$4,217$4,017$3,827$3,101
6 years$3,836$3,615$3,408$3,212$3,028$2,339
7 years$3,255$3,036$2,832$2,641$2,463$1,811
8 years$2,819$2,603$2,402$2,215$2,043$1,428
9 years$2,480$2,266$2,069$1,887$1,721$1,141
10 years$2,210$1,997$1,803$1,627$1,466$921
11 years$1,988$1,778$1,588$1,416$1,261$750
12 years$1,804$1,596$1,409$1,242$1,093$614
13 years$1,648$1,442$1,259$1,096$953$505
14 years$1,515$1,311$1,131$973$835$417
15 years$1,399$1,198$1,021$868$735$346
16 years$1,298$1,099$926$777$650$287
17 years$1,209$1,012$843$698$576$239
18 years$1,130$935$769$629$512$200
19 years$1,059$867$704$569$457$167
20 years$996$805$646$515$408$140
21 years$938$750$594$467$365$117
22 years$886$700$548$425$327$98
23 years$839$655$506$387$294$82
24 years$795$614$468$353$264$69
25 years$755$576$433$322$238$58
26 years$719$541$402$295$214$49
27 years$685$509$373$270$193$41
28 years$653$480$347$247$174$34
29 years$624$453$323$227$157$29
30 years$596$428$301$208$142$24
31 years$571$404$280$191$128$20
32 years$547$382$262$176$116$17
33 years$525$362$244$161$105$14
34 years$504$343$228$149$95$12
35 years$484$326$213$137$86$10
36 years$465$309$200$126$78$9
37 years$448$294$187$116$71$7
38 years$431$279$175$107$64$6
39 years$415$265$164$99$58$5
40 years$401$252$154$91$53$4
41 years$386$240$144$84$48$4
42 years$373$229$135$77$43$3
43 years$360$218$127$71$39$3
44 years$348$208$119$66$36$2
45 years$337$198$112$61$32$2
46 years$326$189$105$56$30$2
47 years$315$180$99$52$27$1
48 years$305$172$93$48$24$1
49 years$295$164$87$44$22$1
50 years$286$157$82$41$20$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $293,000, adding $5,902 every year, while hoping to spend $24,539 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: 53/22/25 Blend
44$293,000$293,000$293,000$293,000
45$328,974$313,445$308,903$343,845
46$336,420$302,694$293,142$343,998
47$343,803$290,595$276,031$341,156
48$351,091$277,054$257,498$337,561
49$358,247$261,974$237,469$333,150
50$365,230$245,253$215,866$327,854
51$371,995$226,782$192,609$321,602
52$378,489$206,445$167,612$314,313
53$384,655$184,121$140,787$305,904
54$390,428$159,681$112,042$296,283
55$395,736$132,989$81,279$285,352
56$400,498$103,903$48,399$273,005
57$404,624$72,269$13,296$259,127
58$408,014$37,929$0$243,594
59$410,557$713$0$232,719
60$412,128$0$0$224,116
61$412,590$0$0$223,685
62$411,790$0$0$222,673
63$409,557$0$0$220,806
64$405,703$0$0$217,976
65$400,018$0$0$214,058
66$392,271$0$0$208,916
67$382,204$0$0$202,401
68$369,533$0$0$194,344
69$353,943$0$0$184,561
70$335,084$0$0$172,848
71$312,569$0$0$158,979
72$285,973$0$0$142,702
73$254,822$0$0$123,742
74$218,593$0$0$101,792
75$176,709$0$0$76,514
76$128,531$0$0$47,534
77$73,354$0$0$14,440
78$10,398$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$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