Can I retire at age 45 with 318,000?

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 $318,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$26,260$26,026$25,798$25,575$25,358$24,695
2 years$13,000$12,758$12,523$12,296$12,075$11,412
3 years$8,581$8,337$8,103$7,878$7,661$7,018
4 years$6,371$6,129$5,897$5,676$5,464$4,846
5 years$5,046$4,805$4,576$4,359$4,154$3,563
6 years$4,163$3,924$3,698$3,486$3,287$2,723
7 years$3,532$3,295$3,073$2,866$2,673$2,137
8 years$3,060$2,825$2,607$2,404$2,217$1,709
9 years$2,692$2,459$2,245$2,048$1,867$1,386
10 years$2,398$2,168$1,957$1,765$1,591$1,136
11 years$2,158$1,930$1,723$1,536$1,368$939
12 years$1,958$1,732$1,529$1,348$1,186$781
13 years$1,789$1,565$1,366$1,190$1,034$653
14 years$1,644$1,423$1,228$1,056$906$549
15 years$1,519$1,300$1,108$942$798$463
16 years$1,409$1,193$1,005$843$705$391
17 years$1,312$1,098$914$758$625$331
18 years$1,226$1,015$835$683$556$281
19 years$1,150$941$764$617$496$239
20 years$1,081$874$701$559$443$204
21 years$1,018$814$645$507$396$174
22 years$962$760$595$461$355$149
23 years$910$711$549$420$319$127
24 years$863$666$508$383$287$109
25 years$820$625$470$350$258$93
26 years$780$587$436$320$232$80
27 years$743$553$405$293$209$68
28 years$709$521$376$268$189$58
29 years$677$491$350$246$171$50
30 years$647$464$326$226$154$43
31 years$620$439$304$207$139$37
32 years$594$415$284$191$126$32
33 years$569$393$265$175$114$27
34 years$547$373$248$161$103$23
35 years$525$353$232$148$94$20
36 years$505$335$217$137$85$17
37 years$486$319$203$126$77$15
38 years$468$303$190$116$70$13
39 years$451$288$178$107$63$11
40 years$435$274$167$99$57$9
41 years$419$261$156$91$52$8
42 years$405$248$147$84$47$7
43 years$391$237$138$78$43$6
44 years$378$226$129$72$39$5
45 years$365$215$121$66$35$4
46 years$353$205$114$61$32$4
47 years$342$196$107$56$29$3
48 years$331$187$101$52$26$3
49 years$320$178$95$48$24$2
50 years$310$170$89$45$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $318,000, adding $3,031 every year, while hoping to spend $24,213 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: 35/46/19 Blend
44$318,000$318,000$318,000$318,000
45$353,562$336,708$331,779$363,792
46$363,863$327,445$317,132$362,285
47$374,404$316,916$301,182$358,190
48$385,182$305,033$283,860$353,266
49$396,196$291,706$265,095$347,454
50$407,442$276,834$244,811$340,690
51$418,918$260,315$222,928$332,908
52$430,616$242,039$199,364$324,035
53$442,530$221,890$174,034$313,997
54$454,651$199,745$146,847$302,713
55$466,968$175,475$117,709$290,098
56$479,468$148,944$86,522$276,062
57$492,137$120,005$53,184$260,509
58$504,957$88,507$17,588$243,339
59$517,907$54,289$0$224,442
60$530,964$17,179$0$207,842
61$544,099$0$0$193,354
62$557,282$0$0$188,950
63$570,477$0$0$193,220
64$583,643$0$0$197,453
65$596,733$0$0$201,631
66$609,696$0$0$205,732
67$622,472$0$0$209,733
68$634,995$0$0$213,607
69$647,189$0$0$217,324
70$658,971$0$0$220,851
71$670,247$0$0$224,151
72$680,911$0$0$227,181
73$690,845$0$0$229,896
74$699,917$0$0$232,244
75$707,980$0$0$234,166
76$714,872$0$0$235,598
77$720,408$0$0$236,470
78$724,387$0$0$236,700
79$726,582$0$0$236,202
80$726,743$0$0$234,877
81$724,591$0$0$232,616
82$719,817$0$0$229,299
83$712,077$0$0$224,791
84$700,991$0$0$218,944
85$686,137$0$0$211,595
86$667,048$0$0$202,562
87$643,206$0$0$191,642
88$614,038$0$0$178,614
89$578,909$0$0$163,231
90$537,117$0$0$145,220
91$487,887$0$0$124,281
92$430,358$0$0$100,079
93$363,582$0$0$72,247
94$286,508$0$0$40,378
95$197,977$0$0$4,023
96$96,706$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0