Can I retire at age 45 with 295,000?

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 $295,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$24,361$24,144$23,932$23,725$23,524$22,707
2 years$12,060$11,835$11,618$11,406$11,202$10,388
3 years$7,960$7,734$7,517$7,308$7,107$6,321
4 years$5,911$5,686$5,471$5,265$5,069$4,316
5 years$4,681$4,458$4,245$4,044$3,853$3,137
6 years$3,862$3,640$3,431$3,234$3,049$2,369
7 years$3,277$3,057$2,851$2,659$2,480$1,836
8 years$2,838$2,620$2,418$2,231$2,057$1,449
9 years$2,497$2,281$2,083$1,900$1,732$1,159
10 years$2,225$2,011$1,816$1,638$1,476$937
11 years$2,002$1,790$1,598$1,425$1,269$764
12 years$1,816$1,607$1,419$1,250$1,100$626
13 years$1,659$1,452$1,267$1,104$959$516
14 years$1,525$1,320$1,139$980$841$427
15 years$1,409$1,206$1,028$874$740$354
16 years$1,307$1,106$932$782$654$295
17 years$1,217$1,019$848$703$580$246
18 years$1,138$941$774$634$516$205
19 years$1,067$873$709$572$460$172
20 years$1,003$811$651$518$411$144
21 years$945$755$598$471$368$121
22 years$892$705$552$428$329$101
23 years$845$659$509$390$296$85
24 years$801$618$471$355$266$72
25 years$761$580$436$325$239$60
26 years$723$545$405$297$215$51
27 years$689$513$376$272$194$43
28 years$657$483$349$249$175$36
29 years$628$456$325$228$158$30
30 years$600$430$303$209$143$25
31 years$575$407$282$192$129$21
32 years$551$385$263$177$117$18
33 years$528$365$246$163$106$15
34 years$507$346$230$150$96$13
35 years$487$328$215$138$87$11
36 years$469$311$201$127$79$9
37 years$451$296$188$117$71$8
38 years$434$281$176$108$65$6
39 years$418$267$165$99$59$5
40 years$403$254$155$92$53$5
41 years$389$242$145$84$48$4
42 years$376$230$136$78$44$3
43 years$363$219$128$72$40$3
44 years$351$209$120$66$36$2
45 years$339$199$112$61$33$2
46 years$328$190$106$57$30$2
47 years$317$182$99$52$27$1
48 years$307$173$93$48$24$1
49 years$297$166$88$45$22$1
50 years$288$158$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 $295,000, adding $3,233 every year, while hoping to spend $20,384 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: 50/41/9 Blend
44$295,000$295,000$295,000$295,000
45$328,425$312,790$308,217$343,912
46$340,236$306,428$296,854$348,481
47$352,568$299,071$284,427$351,007
48$365,454$290,650$270,879$353,276
49$378,927$281,088$256,150$355,272
50$393,024$270,309$240,178$356,973
51$407,787$258,227$222,898$358,361
52$423,257$244,756$204,241$359,415
53$439,482$229,802$184,136$360,114
54$456,513$213,267$162,508$360,438
55$474,405$195,045$139,281$360,364
56$493,220$175,028$114,372$359,872
57$513,022$153,098$87,697$358,939
58$533,883$129,132$59,168$357,544
59$555,881$103,001$28,692$355,664
60$579,100$74,567$0$353,280
61$603,633$43,686$0$350,737
62$629,580$10,203$0$350,613
63$657,051$0$0$350,140
64$686,167$0$0$361,060
65$717,060$0$0$377,545
66$749,871$0$0$395,071
67$784,759$0$0$413,724
68$821,895$0$0$433,598
69$861,468$0$0$454,796
70$903,682$0$0$477,430
71$948,765$0$0$501,624
72$996,962$0$0$527,515
73$1,048,545$0$0$555,250
74$1,103,812$0$0$584,993
75$1,163,087$0$0$616,923
76$1,226,729$0$0$651,236
77$1,295,131$0$0$688,147
78$1,368,722$0$0$727,894
79$1,447,977$0$0$770,736
80$1,533,414$0$0$816,958
81$1,625,606$0$0$866,875
82$1,725,177$0$0$920,831
83$1,832,819$0$0$979,205
84$1,949,288$0$0$1,042,412
85$2,075,416$0$0$1,110,912
86$2,212,120$0$0$1,185,208
87$2,360,405$0$0$1,265,852
88$2,521,378$0$0$1,353,455
89$2,696,258$0$0$1,448,685
90$2,886,383$0$0$1,552,280
91$3,093,226$0$0$1,665,050
92$3,318,409$0$0$1,787,887
93$3,563,716$0$0$1,921,774
94$3,831,109$0$0$2,067,789
95$4,122,748$0$0$2,227,123
96$4,441,013$0$0$2,401,085
97$4,788,519$0$0$2,591,115
98$5,168,148$0$0$2,798,798
99$5,583,072$0$0$3,025,883
100$6,036,783$0$0$3,274,290