Can I retire at age 45 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$25,600$25,371$25,149$24,932$24,720$23,824
2 years$12,673$12,437$12,208$11,986$11,771$10,878
3 years$8,365$8,128$7,900$7,680$7,468$6,607
4 years$6,211$5,975$5,749$5,533$5,326$4,502
5 years$4,919$4,684$4,461$4,250$4,049$3,265
6 years$4,058$3,825$3,605$3,399$3,204$2,460
7 years$3,443$3,212$2,996$2,794$2,606$1,902
8 years$2,983$2,754$2,541$2,344$2,162$1,498
9 years$2,624$2,397$2,189$1,997$1,820$1,196
10 years$2,338$2,113$1,908$1,721$1,551$964
11 years$2,104$1,881$1,680$1,498$1,334$784
12 years$1,909$1,689$1,491$1,314$1,156$641
13 years$1,744$1,526$1,332$1,160$1,008$527
14 years$1,603$1,387$1,197$1,030$884$434
15 years$1,480$1,267$1,080$918$778$360
16 years$1,373$1,163$980$822$688$298
17 years$1,279$1,071$891$739$610$248
18 years$1,196$989$814$666$542$207
19 years$1,121$917$745$602$483$172
20 years$1,054$852$684$545$432$144
21 years$993$794$629$494$386$120
22 years$938$741$580$450$346$101
23 years$887$693$535$409$311$84
24 years$841$649$495$373$279$71
25 years$799$609$458$341$251$59
26 years$760$573$425$312$226$50
27 years$724$539$395$285$204$42
28 years$691$508$367$262$184$35
29 years$660$479$342$240$166$29
30 years$631$452$318$220$150$25
31 years$604$428$297$202$136$21
32 years$579$405$277$186$123$17
33 years$555$383$258$171$111$15
34 years$533$363$241$157$101$12
35 years$512$344$226$145$91$10
36 years$492$327$211$133$83$9
37 years$474$311$198$123$75$7
38 years$456$295$185$113$68$6
39 years$440$281$173$104$62$5
40 years$424$267$163$96$56$4
41 years$409$254$152$89$51$4
42 years$395$242$143$82$46$3
43 years$381$231$134$76$42$3
44 years$368$220$126$70$38$2
45 years$356$210$118$65$34$2
46 years$344$200$111$60$31$2
47 years$333$191$104$55$28$1
48 years$323$182$98$51$26$1
49 years$312$174$92$47$23$1
50 years$303$166$87$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $310,000, adding $6,716 every year, while hoping to spend $24,229 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: 51/20/29 Blend
44$310,000$310,000$310,000$310,000
45$348,548$332,118$327,313$363,174
46$358,320$322,612$312,498$364,571
47$368,277$311,828$296,375$363,131
48$378,412$299,679$278,875$361,093
49$388,717$286,070$259,924$358,411
50$399,182$270,903$239,447$355,037
51$409,795$254,073$217,365$350,918
52$420,542$235,471$193,594$345,999
53$431,407$214,979$168,050$340,220
54$442,371$192,474$140,640$333,518
55$453,413$167,825$111,272$325,825
56$464,508$140,895$79,846$317,068
57$475,627$111,539$46,260$307,172
58$486,738$79,601$10,407$296,052
59$497,805$44,921$0$283,621
60$508,784$7,325$0$278,403
61$519,630$0$0$275,676
62$530,290$0$0$279,488
63$540,702$0$0$284,756
64$550,802$0$0$289,829
65$560,511$0$0$294,665
66$569,748$0$0$299,215
67$578,417$0$0$303,426
68$586,412$0$0$307,237
69$593,616$0$0$310,582
70$599,898$0$0$313,387
71$605,111$0$0$315,568
72$609,093$0$0$317,034
73$611,662$0$0$317,681
74$612,617$0$0$317,396
75$611,735$0$0$316,052
76$608,766$0$0$313,510
77$603,435$0$0$309,612
78$595,436$0$0$304,186
79$584,431$0$0$297,042
80$570,044$0$0$287,966
81$551,858$0$0$276,724
82$529,413$0$0$263,056
83$502,198$0$0$246,675
84$469,649$0$0$227,261
85$431,142$0$0$204,464
86$385,984$0$0$177,892
87$333,413$0$0$147,116
88$272,583$0$0$111,660
89$202,561$0$0$70,998
90$122,316$0$0$24,549
91$30,707$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