Can I retire at age 45 with 320,000?

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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$26,425$26,190$25,960$25,736$25,517$24,900
2 years$13,082$12,838$12,602$12,373$12,151$11,533
3 years$8,635$8,390$8,154$7,928$7,709$7,110
4 years$6,411$6,167$5,934$5,711$5,498$4,922
5 years$5,078$4,835$4,605$4,387$4,180$3,628
6 years$4,189$3,948$3,722$3,508$3,307$2,781
7 years$3,555$3,316$3,093$2,884$2,690$2,188
8 years$3,079$2,842$2,623$2,420$2,231$1,755
9 years$2,709$2,475$2,259$2,061$1,879$1,427
10 years$2,413$2,181$1,970$1,777$1,601$1,174
11 years$2,172$1,942$1,734$1,546$1,377$973
12 years$1,970$1,743$1,539$1,356$1,193$812
13 years$1,800$1,575$1,375$1,197$1,041$682
14 years$1,654$1,432$1,235$1,063$912$574
15 years$1,528$1,308$1,115$948$803$486
16 years$1,418$1,200$1,011$849$710$412
17 years$1,320$1,105$920$763$629$351
18 years$1,234$1,021$840$687$560$299
19 years$1,157$946$769$621$499$255
20 years$1,088$880$706$562$446$218
21 years$1,025$819$649$510$399$187
22 years$968$765$598$464$357$160
23 years$916$715$552$423$321$138
24 years$869$670$511$385$288$118
25 years$825$629$473$352$259$102
26 years$785$591$439$322$234$87
27 years$748$556$408$295$211$75
28 years$713$524$379$270$190$65
29 years$681$494$353$248$172$56
30 years$651$467$328$227$155$48
31 years$624$441$306$209$140$41
32 years$597$418$286$192$127$36
33 years$573$396$267$176$115$31
34 years$550$375$249$162$104$26
35 years$529$356$233$149$94$23
36 years$508$338$218$138$85$20
37 years$489$321$204$127$77$17
38 years$471$305$191$117$70$15
39 years$454$290$179$108$64$13
40 years$437$276$168$99$58$11
41 years$422$262$157$92$52$9
42 years$407$250$148$85$47$8
43 years$393$238$138$78$43$7
44 years$380$227$130$72$39$6
45 years$368$216$122$67$35$5
46 years$356$206$115$62$32$4
47 years$344$197$108$57$29$4
48 years$333$188$101$53$27$3
49 years$322$180$95$49$24$3
50 years$312$172$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 $320,000, adding $2,772 every year, while hoping to spend $27,534 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: 55/36/9 Blend
44$320,000$320,000$320,000$320,000
45$355,499$338,539$333,579$374,123
46$362,464$325,832$315,458$374,328
47$369,217$311,579$295,807$371,281
48$375,706$295,675$274,546$367,304
49$381,876$278,011$251,591$362,313
50$387,662$258,468$226,854$356,216
51$392,993$236,923$200,243$348,916
52$397,791$213,245$171,664$340,307
53$401,966$187,294$141,015$330,272
54$405,421$158,926$108,194$318,688
55$408,045$127,985$73,090$305,420
56$409,718$94,308$35,590$290,321
57$410,302$57,722$0$273,233
58$409,648$18,045$0$254,411
59$407,588$0$0$236,918
60$403,937$0$0$227,012
61$398,489$0$0$223,149
62$391,017$0$0$218,041
63$381,266$0$0$211,534
64$368,957$0$0$203,458
65$353,779$0$0$193,623
66$335,390$0$0$181,823
67$313,410$0$0$167,824
68$287,417$0$0$151,373
69$256,948$0$0$132,186
70$221,487$0$0$109,952
71$180,467$0$0$84,324
72$133,259$0$0$54,922
73$79,169$0$0$21,324
74$17,429$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$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