Can I retire at age 45 with 305,000?

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 $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 $3,507 every year, while hoping to spend $20,886 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: 52/26/22 Blend
44$305,000$305,000$305,000$305,000
45$339,727$323,562$318,835$355,155
46$352,157$317,194$307,293$359,807
47$365,155$309,814$294,665$362,422
48$378,756$301,351$280,892$364,829
49$392,999$291,728$265,912$367,015
50$407,928$280,864$249,663$368,968
51$423,586$268,677$232,076$370,676
52$440,024$255,074$213,083$372,127
53$457,296$239,962$192,611$373,310
54$475,460$223,240$170,583$374,213
55$494,579$204,801$146,920$374,825
56$514,723$184,533$121,538$375,137
57$535,967$162,318$94,352$375,141
58$558,394$138,029$65,271$374,827
59$582,092$111,535$34,200$374,191
60$607,160$82,694$1,040$373,227
61$633,704$51,360$0$371,933
62$661,841$17,376$0$378,372
63$691,699$0$0$385,267
64$723,416$0$0$397,964
65$757,144$0$0$416,770
66$793,051$0$0$436,807
67$831,319$0$0$458,181
68$872,147$0$0$481,004
69$915,756$0$0$505,402
70$962,383$0$0$531,511
71$1,012,293$0$0$559,482
72$1,065,774$0$0$589,480
73$1,123,142$0$0$621,685
74$1,184,745$0$0$656,295
75$1,250,962$0$0$693,528
76$1,322,214$0$0$733,623
77$1,398,957$0$0$776,843
78$1,481,698$0$0$823,475
79$1,570,990$0$0$873,837
80$1,667,442$0$0$928,276
81$1,771,723$0$0$987,175
82$1,884,567$0$0$1,050,954
83$2,006,784$0$0$1,120,076
84$2,139,261$0$0$1,195,049
85$2,282,976$0$0$1,276,433
86$2,439,004$0$0$1,364,841
87$2,608,527$0$0$1,460,951
88$2,792,844$0$0$1,565,506
89$2,993,386$0$0$1,679,325
90$3,211,727$0$0$1,803,309
91$3,449,599$0$0$1,938,450
92$3,708,908$0$0$2,085,837
93$3,991,751$0$0$2,246,673
94$4,300,437$0$0$2,422,278
95$4,637,506$0$0$2,614,108
96$5,005,757$0$0$2,823,765
97$5,408,270$0$0$3,053,011
98$5,848,434$0$0$3,303,790
99$6,329,984$0$0$3,578,237
100$6,857,029$0$0$3,878,709