Can I retire at age 45 with 307,000?

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 $307,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$25,352$25,126$24,906$24,691$24,481$23,754
2 years$12,550$12,317$12,090$11,870$11,657$10,931
3 years$8,284$8,049$7,823$7,606$7,396$6,693
4 years$6,151$5,917$5,693$5,479$5,275$4,601
5 years$4,872$4,639$4,418$4,209$4,010$3,366
6 years$4,019$3,788$3,571$3,366$3,173$2,561
7 years$3,410$3,181$2,967$2,767$2,580$1,999
8 years$2,954$2,727$2,516$2,321$2,141$1,590
9 years$2,599$2,374$2,167$1,977$1,803$1,283
10 years$2,315$2,093$1,890$1,704$1,536$1,045
11 years$2,083$1,863$1,664$1,483$1,321$859
12 years$1,890$1,672$1,476$1,301$1,145$710
13 years$1,727$1,511$1,319$1,149$998$590
14 years$1,587$1,374$1,185$1,020$875$493
15 years$1,466$1,255$1,070$909$770$413
16 years$1,360$1,151$970$814$681$347
17 years$1,267$1,060$883$732$604$292
18 years$1,184$980$806$659$537$246
19 years$1,110$908$738$596$479$208
20 years$1,043$844$677$540$427$176
21 years$983$786$623$490$382$149
22 years$929$734$574$445$343$127
23 years$879$686$530$405$308$107
24 years$833$643$490$370$277$91
25 years$791$603$454$338$249$78
26 years$753$567$421$309$224$66
27 years$717$534$391$283$202$56
28 years$684$503$363$259$182$48
29 years$654$474$338$237$165$41
30 years$625$448$315$218$149$35
31 years$598$424$294$200$135$29
32 years$573$401$274$184$122$25
33 years$550$379$256$169$110$21
34 years$528$360$239$156$100$18
35 years$507$341$223$143$90$15
36 years$488$324$209$132$82$13
37 years$469$308$196$122$74$11
38 years$452$292$183$112$67$10
39 years$435$278$172$103$61$8
40 years$420$264$161$95$55$7
41 years$405$252$151$88$50$6
42 years$391$240$142$81$46$5
43 years$377$228$133$75$41$4
44 years$365$218$125$69$38$4
45 years$353$208$117$64$34$3
46 years$341$198$110$59$31$3
47 years$330$189$103$55$28$2
48 years$319$180$97$50$25$2
49 years$309$172$91$47$23$2
50 years$300$165$86$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $307,000, adding $5,454 every year, while hoping to spend $20,669 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: 77/6/17 Blend
44$307,000$307,000$307,000$307,000
45$343,940$327,669$322,910$368,713
46$357,030$321,733$311,736$379,892
47$370,763$314,813$299,495$389,019
48$385,182$306,840$286,129$398,466
49$400,334$297,740$271,578$408,258
50$416,272$287,432$255,780$418,424
51$433,051$275,836$238,668$428,994
52$450,733$262,863$220,174$440,002
53$469,384$248,419$200,226$451,487
54$489,076$232,407$178,749$463,491
55$509,889$214,722$155,664$476,060
56$531,910$195,256$130,891$489,247
57$555,232$173,890$104,343$503,110
58$579,958$150,504$75,931$517,713
59$606,202$124,966$45,563$533,126
60$634,085$97,140$13,140$549,429
61$663,744$66,882$0$566,709
62$695,324$34,038$0$588,955
63$728,988$0$0$615,179
64$764,912$0$0$643,237
65$803,289$0$0$675,618
66$844,332$0$0$710,256
67$888,273$0$0$747,347
68$935,368$0$0$787,107
69$985,896$0$0$829,775
70$1,040,164$0$0$875,609
71$1,098,509$0$0$924,896
72$1,161,301$0$0$977,950
73$1,228,946$0$0$1,035,115
74$1,301,891$0$0$1,096,769
75$1,380,625$0$0$1,163,328
76$1,465,687$0$0$1,235,249
77$1,557,669$0$0$1,313,033
78$1,657,222$0$0$1,397,233
79$1,765,060$0$0$1,488,454
80$1,881,969$0$0$1,587,365
81$2,008,815$0$0$1,694,698
82$2,146,548$0$0$1,811,259
83$2,296,214$0$0$1,937,936
84$2,458,964$0$0$2,075,705
85$2,636,062$0$0$2,225,640
86$2,828,903$0$0$2,388,921
87$3,039,019$0$0$2,566,850
88$3,268,096$0$0$2,760,856
89$3,517,990$0$0$2,972,516
90$3,790,744$0$0$3,203,561
91$4,088,609$0$0$3,455,899
92$4,414,058$0$0$3,731,632
93$4,769,818$0$0$4,033,072
94$5,158,889$0$0$4,362,764
95$5,584,576$0$0$4,723,512
96$6,050,517$0$0$5,118,402
97$6,560,718$0$0$5,550,833
98$7,119,591$0$0$6,024,548
99$7,731,993$0$0$6,543,670
100$8,403,275$0$0$7,112,737