Can I retire at age 45 with 334,000?

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 $334,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$27,581$27,336$27,096$26,862$26,634$26,021
2 years$13,654$13,400$13,153$12,914$12,683$12,069
3 years$9,012$8,757$8,511$8,274$8,046$7,451
4 years$6,692$6,437$6,194$5,961$5,739$5,166
5 years$5,300$5,047$4,807$4,579$4,363$3,814
6 years$4,372$4,121$3,885$3,662$3,452$2,928
7 years$3,710$3,461$3,228$3,010$2,807$2,308
8 years$3,214$2,967$2,738$2,525$2,329$1,854
9 years$2,828$2,583$2,358$2,151$1,961$1,511
10 years$2,519$2,277$2,056$1,854$1,671$1,245
11 years$2,267$2,027$1,810$1,614$1,437$1,034
12 years$2,056$1,819$1,606$1,415$1,245$865
13 years$1,879$1,644$1,435$1,250$1,086$727
14 years$1,727$1,494$1,289$1,109$952$614
15 years$1,595$1,365$1,164$989$838$521
16 years$1,480$1,253$1,055$886$741$443
17 years$1,378$1,154$960$796$657$377
18 years$1,288$1,066$877$717$584$322
19 years$1,208$988$803$648$521$276
20 years$1,135$918$737$587$465$237
21 years$1,070$855$678$533$416$203
22 years$1,010$798$624$484$373$174
23 years$956$747$577$441$335$150
24 years$907$699$533$402$301$129
25 years$861$656$494$367$271$111
26 years$819$617$458$336$244$96
27 years$780$581$425$308$220$83
28 years$744$547$395$282$198$71
29 years$711$516$368$258$179$62
30 years$680$487$343$237$162$53
31 years$651$461$320$218$146$46
32 years$624$436$298$200$132$40
33 years$598$413$278$184$120$34
34 years$574$391$260$169$108$30
35 years$552$371$243$156$98$26
36 years$530$352$227$144$89$22
37 years$510$335$213$132$81$19
38 years$492$318$199$122$73$17
39 years$474$302$187$112$66$14
40 years$457$288$175$104$60$12
41 years$441$274$164$96$55$11
42 years$425$261$154$88$50$9
43 years$411$248$145$82$45$8
44 years$397$237$136$75$41$7
45 years$384$226$127$69$37$6
46 years$371$215$120$64$34$5
47 years$359$206$112$59$31$4
48 years$348$196$106$55$28$4
49 years$337$187$99$51$25$3
50 years$326$179$93$47$23$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $334,000, adding $2,882 every year, while hoping to spend $25,776 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: 58/26/16 Blend
44$334,000$334,000$334,000$334,000
45$371,041$353,339$348,162$390,866
46$381,461$343,227$332,400$394,511
47$392,081$331,756$315,246$395,400
48$402,893$318,831$296,626$395,776
49$413,888$304,354$276,463$395,592
50$425,057$288,220$254,677$394,801
51$436,387$270,317$231,183$393,350
52$447,864$250,528$205,893$391,184
53$459,471$228,728$178,715$388,244
54$471,188$204,787$149,553$384,464
55$482,994$178,566$118,308$379,777
56$494,862$149,918$84,873$374,108
57$506,762$118,688$49,141$367,379
58$518,660$84,713$10,996$359,504
59$530,519$47,820$0$350,392
60$542,295$7,825$0$345,018
61$553,938$0$0$340,536
62$565,393$0$0$345,122
63$576,598$0$0$351,771
64$587,481$0$0$358,200
65$597,965$0$0$364,356
66$607,962$0$0$370,183
67$617,371$0$0$375,618
68$626,083$0$0$380,588
69$633,975$0$0$385,016
70$640,908$0$0$388,811
71$646,731$0$0$391,876
72$651,271$0$0$394,101
73$654,339$0$0$395,364
74$655,725$0$0$395,530
75$655,193$0$0$394,447
76$652,483$0$0$391,949
77$647,307$0$0$387,850
78$639,343$0$0$381,944
79$628,236$0$0$374,004
80$613,592$0$0$363,776
81$594,974$0$0$350,982
82$571,900$0$0$335,311
83$543,833$0$0$316,420
84$510,182$0$0$293,929
85$470,291$0$0$267,420
86$423,436$0$0$236,426
87$368,814$0$0$200,437
88$305,540$0$0$158,883
89$232,634$0$0$111,137
90$149,013$0$0$56,507
91$53,481$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