Can I retire at age 45 with 315,000?

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 $315,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$26,012$25,781$25,555$25,334$25,119$24,266
2 years$12,877$12,638$12,405$12,180$11,961$11,111
3 years$8,500$8,259$8,027$7,804$7,589$6,767
4 years$6,311$6,071$5,842$5,622$5,412$4,626
5 years$4,999$4,760$4,533$4,318$4,114$3,365
6 years$4,124$3,887$3,664$3,453$3,256$2,544
7 years$3,499$3,264$3,044$2,839$2,648$1,974
8 years$3,031$2,798$2,582$2,382$2,196$1,560
9 years$2,667$2,436$2,224$2,029$1,850$1,250
10 years$2,376$2,147$1,939$1,749$1,576$1,012
11 years$2,138$1,912$1,707$1,522$1,355$825
12 years$1,939$1,716$1,515$1,335$1,175$678
13 years$1,772$1,551$1,353$1,179$1,024$559
14 years$1,628$1,409$1,216$1,046$898$463
15 years$1,504$1,288$1,098$933$791$385
16 years$1,396$1,181$995$835$699$321
17 years$1,300$1,088$906$751$620$268
18 years$1,215$1,005$827$676$551$224
19 years$1,139$932$757$611$491$188
20 years$1,071$866$695$554$439$158
21 years$1,009$806$639$502$392$132
22 years$953$753$589$457$352$111
23 years$902$704$544$416$316$94
24 years$855$660$503$379$284$79
25 years$812$619$466$347$255$66
26 years$773$582$432$317$230$56
27 years$736$548$401$290$207$47
28 years$702$516$373$266$187$40
29 years$671$487$347$244$169$34
30 years$641$460$323$224$153$28
31 years$614$435$301$205$138$24
32 years$588$411$281$189$125$20
33 years$564$389$263$174$113$17
34 years$542$369$245$160$102$14
35 years$520$350$229$147$93$12
36 years$500$332$215$135$84$10
37 years$481$316$201$125$76$9
38 years$464$300$188$115$69$7
39 years$447$285$176$106$63$6
40 years$431$271$165$98$57$5
41 years$415$258$155$90$51$4
42 years$401$246$145$83$47$4
43 years$387$234$136$77$42$3
44 years$374$223$128$71$38$3
45 years$362$213$120$66$35$2
46 years$350$203$113$61$32$2
47 years$339$194$106$56$29$2
48 years$328$185$100$52$26$1
49 years$317$177$94$48$24$1
50 years$308$169$88$44$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $315,000, adding $4,291 every year, while hoping to spend $25,802 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: 35/43/22 Blend
44$315,000$315,000$315,000$315,000
45$351,556$334,861$329,979$361,384
46$359,962$323,816$313,580$357,961
47$368,360$311,365$295,767$351,589
48$376,723$297,412$276,465$344,189
49$385,018$281,855$255,597$335,686
50$393,211$264,587$233,080$325,998
51$401,261$245,494$208,830$315,039
52$409,121$224,455$182,758$302,718
53$416,742$201,344$154,771$288,936
54$424,066$176,026$124,772$273,588
55$431,028$148,359$92,659$256,563
56$437,557$118,193$58,328$237,742
57$443,574$85,369$21,667$216,997
58$448,987$49,721$0$194,192
59$453,698$11,072$0$173,279
60$457,595$0$0$155,699
61$460,555$0$0$150,782
62$462,439$0$0$150,663
63$463,096$0$0$150,043
64$462,354$0$0$148,857
65$460,025$0$0$147,031
66$455,900$0$0$144,482
67$449,746$0$0$141,121
68$441,305$0$0$136,846
69$430,293$0$0$131,548
70$416,393$0$0$125,102
71$399,255$0$0$117,374
72$378,491$0$0$108,212
73$353,672$0$0$97,449
74$324,323$0$0$84,902
75$289,920$0$0$70,367
76$249,882$0$0$53,619
77$203,568$0$0$34,408
78$150,268$0$0$12,461
79$89,199$0$0$0
80$19,493$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$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