Can I retire at age 45 with 305,000?

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 $305,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$25,187$24,962$24,743$24,530$24,321$23,714
2 years$12,469$12,236$12,011$11,793$11,581$10,974
3 years$8,230$7,997$7,772$7,556$7,348$6,758
4 years$6,111$5,878$5,656$5,444$5,240$4,674
5 years$4,840$4,609$4,389$4,181$3,984$3,441
6 years$3,993$3,763$3,547$3,344$3,152$2,635
7 years$3,388$3,160$2,948$2,749$2,564$2,071
8 years$2,934$2,709$2,500$2,306$2,127$1,659
9 years$2,582$2,359$2,153$1,964$1,791$1,348
10 years$2,300$2,079$1,877$1,693$1,526$1,107
11 years$2,070$1,851$1,653$1,474$1,312$916
12 years$1,878$1,661$1,467$1,293$1,137$764
13 years$1,716$1,501$1,310$1,141$992$640
14 years$1,577$1,365$1,177$1,013$869$539
15 years$1,456$1,247$1,063$903$765$455
16 years$1,351$1,144$964$809$677$386
17 years$1,259$1,053$877$727$600$328
18 years$1,176$973$801$655$533$279
19 years$1,103$902$733$592$475$238
20 years$1,037$838$673$536$425$203
21 years$977$781$619$486$380$174
22 years$923$729$570$442$341$149
23 years$873$682$527$403$306$127
24 years$828$639$487$367$275$109
25 years$786$599$451$336$247$94
26 years$748$563$418$307$223$80
27 years$713$530$388$281$201$69
28 years$680$500$361$257$181$59
29 years$649$471$336$236$164$51
30 years$621$445$313$217$148$44
31 years$594$421$292$199$134$38
32 years$569$398$272$183$121$32
33 years$546$377$254$168$109$28
34 years$524$357$237$155$99$24
35 years$504$339$222$142$90$21
36 years$484$322$208$131$81$18
37 years$466$306$194$121$74$15
38 years$449$290$182$111$67$13
39 years$432$276$171$103$61$11
40 years$417$263$160$95$55$10
41 years$402$250$150$87$50$8
42 years$388$238$141$81$45$7
43 years$375$227$132$74$41$6
44 years$362$216$124$69$37$5
45 years$350$206$116$63$34$5
46 years$339$197$109$59$31$4
47 years$328$188$103$54$28$3
48 years$317$179$96$50$25$3
49 years$307$171$91$46$23$3
50 years$298$164$85$43$21$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $305,000, adding $6,369 every year, while hoping to spend $23,249 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: 24/50/26 Blend
44$305,000$305,000$305,000$305,000
45$342,680$326,515$321,787$347,977
46$352,896$317,777$307,830$344,152
47$363,376$307,832$292,627$337,667
48$374,120$296,596$276,110$330,224
49$385,132$283,981$258,211$321,758
50$396,411$269,892$238,857$312,200
51$407,959$254,230$217,972$301,479
52$419,775$236,892$195,479$289,518
53$431,857$217,765$171,292$276,236
54$444,204$196,732$145,328$261,549
55$456,811$173,671$117,495$245,367
56$469,675$148,449$87,700$227,593
57$482,788$120,929$55,844$208,128
58$496,142$90,965$21,824$186,866
59$509,728$58,402$0$163,693
60$523,533$23,077$0$142,510
61$537,544$0$0$125,895
62$551,743$0$0$116,041
63$566,111$0$0$118,899
64$580,624$0$0$121,767
65$595,255$0$0$124,635
66$609,975$0$0$127,495
67$624,747$0$0$130,336
68$639,530$0$0$133,147
69$654,281$0$0$135,914
70$668,945$0$0$138,623
71$683,465$0$0$141,257
72$697,775$0$0$143,797
73$711,798$0$0$146,222
74$725,452$0$0$148,509
75$738,642$0$0$150,632
76$751,261$0$0$152,560
77$763,192$0$0$154,263
78$774,302$0$0$155,702
79$784,443$0$0$156,838
80$793,450$0$0$157,625
81$801,139$0$0$158,014
82$807,305$0$0$157,947
83$811,720$0$0$157,365
84$814,131$0$0$156,197
85$814,255$0$0$154,367
86$811,780$0$0$151,792
87$806,359$0$0$148,376
88$797,606$0$0$144,017
89$785,093$0$0$138,599
90$768,347$0$0$131,996
91$746,843$0$0$124,065
92$720,000$0$0$114,651
93$687,174$0$0$103,582
94$647,651$0$0$90,668
95$600,645$0$0$75,696
96$545,282$0$0$58,434
97$480,599$0$0$38,624
98$405,528$0$0$15,982
99$318,892$0$0$0
100$219,386$0$0$0