Can I retire at age 45 with 310,000?

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 $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%18.6%
1 years$25,600$25,371$25,149$24,932$24,720$23,862
2 years$12,673$12,437$12,208$11,986$11,771$10,916
3 years$8,365$8,128$7,900$7,680$7,468$6,642
4 years$6,211$5,975$5,749$5,533$5,326$4,536
5 years$4,919$4,684$4,461$4,250$4,049$3,296
6 years$4,058$3,825$3,605$3,399$3,204$2,489
7 years$3,443$3,212$2,996$2,794$2,606$1,929
8 years$2,983$2,754$2,541$2,344$2,162$1,523
9 years$2,624$2,397$2,189$1,997$1,820$1,218
10 years$2,338$2,113$1,908$1,721$1,551$985
11 years$2,104$1,881$1,680$1,498$1,334$803
12 years$1,909$1,689$1,491$1,314$1,156$658
13 years$1,744$1,526$1,332$1,160$1,008$542
14 years$1,603$1,387$1,197$1,030$884$449
15 years$1,480$1,267$1,080$918$778$372
16 years$1,373$1,163$980$822$688$310
17 years$1,279$1,071$891$739$610$258
18 years$1,196$989$814$666$542$216
19 years$1,121$917$745$602$483$181
20 years$1,054$852$684$545$432$151
21 years$993$794$629$494$386$127
22 years$938$741$580$450$346$107
23 years$887$693$535$409$311$90
24 years$841$649$495$373$279$75
25 years$799$609$458$341$251$63
26 years$760$573$425$312$226$53
27 years$724$539$395$285$204$45
28 years$691$508$367$262$184$38
29 years$660$479$342$240$166$32
30 years$631$452$318$220$150$27
31 years$604$428$297$202$136$23
32 years$579$405$277$186$123$19
33 years$555$383$258$171$111$16
34 years$533$363$241$157$101$13
35 years$512$344$226$145$91$11
36 years$492$327$211$133$83$10
37 years$474$311$198$123$75$8
38 years$456$295$185$113$68$7
39 years$440$281$173$104$62$6
40 years$424$267$163$96$56$5
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 $2,199 every year, while hoping to spend $23,197 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: 55/15/30 Blend
44$310,000$310,000$310,000$310,000
45$343,888$327,458$322,653$359,828
46$354,283$318,822$308,781$362,449
47$364,961$308,986$293,666$362,744
48$375,927$297,865$277,243$362,608
49$387,183$285,372$259,443$362,006
50$398,734$271,414$240,193$360,905
51$410,584$255,892$219,417$359,268
52$422,734$238,702$197,039$357,056
53$435,187$219,732$172,974$354,226
54$447,944$198,867$147,136$350,735
55$461,007$175,983$119,437$346,537
56$474,373$150,951$89,782$341,580
57$488,043$123,631$58,074$335,814
58$502,014$93,879$24,210$329,181
59$516,281$61,542$0$321,622
60$530,841$26,456$0$316,893
61$545,685$0$0$319,626
62$560,806$0$0$323,936
63$576,191$0$0$332,758
64$591,829$0$0$341,717
65$607,703$0$0$350,803
66$623,795$0$0$360,005
67$640,083$0$0$369,307
68$656,540$0$0$378,695
69$673,138$0$0$388,149
70$689,843$0$0$397,649
71$706,615$0$0$407,169
72$723,409$0$0$416,683
73$740,175$0$0$426,160
74$756,856$0$0$435,562
75$773,384$0$0$444,850
76$789,688$0$0$453,979
77$805,683$0$0$462,897
78$821,276$0$0$471,547
79$836,362$0$0$479,865
80$850,824$0$0$487,778
81$864,529$0$0$495,205
82$877,330$0$0$502,057
83$889,062$0$0$508,232
84$899,541$0$0$513,619
85$908,563$0$0$518,092
86$915,899$0$0$521,512
87$921,295$0$0$523,723
88$924,468$0$0$524,555
89$925,106$0$0$523,814
90$922,858$0$0$521,290
91$917,337$0$0$516,745
92$908,115$0$0$509,919
93$894,713$0$0$500,521
94$876,605$0$0$488,230
95$853,205$0$0$472,690
96$823,865$0$0$453,507
97$787,866$0$0$430,244
98$744,414$0$0$402,419
99$692,630$0$0$369,496
100$631,541$0$0$330,885