Can I retire at age 45 with 321,000?

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 $321,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$26,508$26,272$26,041$25,817$25,597$24,887
2 years$13,123$12,878$12,641$12,412$12,189$11,479
3 years$8,662$8,416$8,180$7,952$7,733$7,046
4 years$6,431$6,187$5,953$5,729$5,515$4,855
5 years$5,094$4,850$4,620$4,401$4,193$3,562
6 years$4,202$3,961$3,733$3,519$3,318$2,717
7 years$3,566$3,326$3,102$2,893$2,698$2,127
8 years$3,088$2,851$2,631$2,427$2,238$1,697
9 years$2,717$2,482$2,266$2,067$1,885$1,373
10 years$2,421$2,188$1,976$1,782$1,606$1,122
11 years$2,178$1,948$1,739$1,551$1,381$925
12 years$1,976$1,748$1,544$1,360$1,197$768
13 years$1,806$1,580$1,379$1,201$1,044$640
14 years$1,659$1,436$1,239$1,066$915$536
15 years$1,533$1,312$1,119$951$806$451
16 years$1,422$1,204$1,014$851$712$380
17 years$1,325$1,109$923$765$631$321
18 years$1,238$1,024$843$689$561$272
19 years$1,161$949$771$623$500$231
20 years$1,091$882$708$564$447$196
21 years$1,028$822$651$512$400$167
22 years$971$767$600$466$358$142
23 years$919$717$554$424$322$121
24 years$871$672$512$387$289$103
25 years$828$631$475$353$260$88
26 years$787$593$440$323$234$75
27 years$750$558$409$296$211$64
28 years$715$526$380$271$191$55
29 years$683$496$354$248$172$47
30 years$653$468$329$228$156$40
31 years$625$443$307$209$141$34
32 years$599$419$287$192$127$29
33 years$575$397$268$177$115$25
34 years$552$376$250$163$104$21
35 years$530$357$234$150$94$18
36 years$510$339$219$138$86$16
37 years$491$322$205$127$78$13
38 years$472$306$192$117$70$11
39 years$455$291$180$108$64$10
40 years$439$276$168$100$58$8
41 years$423$263$158$92$52$7
42 years$409$251$148$85$48$6
43 years$395$239$139$78$43$5
44 years$381$228$130$72$39$5
45 years$369$217$122$67$36$4
46 years$357$207$115$62$32$3
47 years$345$198$108$57$29$3
48 years$334$189$102$53$27$2
49 years$324$180$95$49$24$2
50 years$313$172$90$45$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $321,000, adding $3,576 every year, while hoping to spend $21,716 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: 45/42/13 Blend
44$321,000$321,000$321,000$321,000
45$357,431$340,418$335,442$372,038
46$370,783$333,992$323,574$376,132
47$384,769$326,525$310,580$378,084
48$399,432$317,940$296,400$379,720
49$414,815$308,160$280,971$381,022
50$430,969$297,103$264,226$381,968
51$447,946$284,680$246,096$382,536
52$465,805$270,798$226,509$382,705
53$484,609$255,359$205,389$382,452
54$504,427$238,259$182,657$381,756
55$525,334$219,388$158,231$380,594
56$547,410$198,631$132,025$378,944
57$570,746$175,864$103,948$376,784
58$595,439$150,958$73,907$374,092
59$621,594$123,776$41,803$370,848
60$649,328$94,172$7,535$367,031
61$678,768$61,994$0$362,623
62$710,051$27,081$0$361,635
63$743,329$0$0$361,399
64$778,769$0$0$365,836
65$816,551$0$0$383,931
66$856,876$0$0$403,267
67$899,960$0$0$423,950
68$946,043$0$0$446,099
69$995,386$0$0$469,842
70$1,048,277$0$0$495,322
71$1,105,031$0$0$522,694
72$1,165,993$0$0$552,128
73$1,231,543$0$0$583,813
74$1,302,098$0$0$617,953
75$1,378,114$0$0$654,776
76$1,460,096$0$0$694,528
77$1,548,594$0$0$737,484
78$1,644,215$0$0$783,943
79$1,747,627$0$0$834,235
80$1,859,560$0$0$888,722
81$1,980,822$0$0$947,802
82$2,112,297$0$0$1,011,915
83$2,254,960$0$0$1,081,541
84$2,409,882$0$0$1,157,210
85$2,578,240$0$0$1,239,507
86$2,761,332$0$0$1,329,072
87$2,960,582$0$0$1,426,612
88$3,177,560$0$0$1,532,903
89$3,413,992$0$0$1,648,800
90$3,671,779$0$0$1,775,244
91$3,953,010$0$0$1,913,271
92$4,259,989$0$0$2,064,020
93$4,595,249$0$0$2,228,747
94$4,961,578$0$0$2,408,833
95$5,362,047$0$0$2,605,801
96$5,800,038$0$0$2,821,323
97$6,279,272$0$0$3,057,245
98$6,803,849$0$0$3,315,599
99$7,378,281$0$0$3,598,619
100$8,007,539$0$0$3,908,769