Can I retire at age 45 with 338,000?

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 $338,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$27,912$27,663$27,421$27,184$26,953$26,528
2 years$13,818$13,560$13,311$13,069$12,835$12,408
3 years$9,120$8,862$8,613$8,374$8,143$7,727
4 years$6,772$6,514$6,268$6,033$5,807$5,406
5 years$5,363$5,107$4,864$4,634$4,415$4,029
6 years$4,425$4,171$3,931$3,706$3,493$3,124
7 years$3,754$3,502$3,267$3,047$2,841$2,487
8 years$3,252$3,002$2,770$2,556$2,357$2,019
9 years$2,861$2,614$2,386$2,177$1,985$1,663
10 years$2,549$2,304$2,080$1,876$1,691$1,385
11 years$2,294$2,051$1,831$1,633$1,454$1,164
12 years$2,081$1,841$1,625$1,432$1,260$985
13 years$1,901$1,664$1,452$1,265$1,099$838
14 years$1,747$1,512$1,305$1,123$963$717
15 years$1,614$1,382$1,178$1,001$848$615
16 years$1,497$1,268$1,068$896$750$530
17 years$1,395$1,167$972$805$665$457
18 years$1,304$1,079$887$726$591$396
19 years$1,222$1,000$812$656$527$343
20 years$1,149$929$745$594$471$298
21 years$1,083$865$686$539$421$260
22 years$1,022$808$632$490$377$226
23 years$968$755$583$446$339$197
24 years$917$708$540$407$305$172
25 years$871$664$500$372$274$150
26 years$829$624$464$340$247$132
27 years$790$588$430$311$223$115
28 years$753$554$400$285$201$101
29 years$720$522$372$261$181$88
30 years$688$493$347$240$164$77
31 years$659$466$323$220$148$68
32 years$631$441$302$203$134$59
33 years$605$418$282$186$121$52
34 years$581$396$263$171$110$46
35 years$558$376$246$158$99$40
36 years$537$356$230$145$90$35
37 years$517$339$215$134$82$31
38 years$497$322$202$123$74$27
39 years$479$306$189$114$67$24
40 years$462$291$177$105$61$21
41 years$446$277$166$97$55$18
42 years$430$264$156$89$50$16
43 years$416$251$146$82$45$14
44 years$402$240$137$76$41$12
45 years$388$229$129$70$37$11
46 years$376$218$121$65$34$10
47 years$363$208$114$60$31$8
48 years$352$199$107$55$28$7
49 years$341$190$100$51$25$7
50 years$330$181$94$47$23$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $338,000, adding $2,448 every year, while hoping to spend $24,992 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: 62/25/13 Blend
44$338,000$338,000$338,000$338,000
45$375,001$357,087$351,848$396,933
46$386,660$347,993$337,044$402,849
47$398,670$337,616$320,906$406,233
48$411,042$325,866$303,363$409,316
49$423,784$312,649$284,342$412,071
50$436,906$297,866$263,764$414,469
51$450,419$281,409$241,548$416,476
52$464,332$263,169$217,610$418,061
53$478,655$243,025$191,861$419,185
54$493,398$220,854$164,209$419,812
55$508,572$196,523$134,557$419,900
56$524,186$169,892$102,804$419,406
57$540,250$140,814$68,846$418,285
58$556,775$109,133$32,571$416,488
59$573,770$74,685$0$413,962
60$591,245$37,295$0$411,505
61$609,210$0$0$413,084
62$627,673$0$0$415,016
63$646,643$0$0$427,542
64$666,129$0$0$440,406
65$686,139$0$0$453,614
66$706,680$0$0$467,170
67$727,759$0$0$481,078
68$749,381$0$0$495,343
69$771,551$0$0$509,965
70$794,274$0$0$524,949
71$817,550$0$0$540,294
72$841,383$0$0$556,001
73$865,770$0$0$572,069
74$890,709$0$0$588,495
75$916,196$0$0$605,277
76$942,224$0$0$622,408
77$968,782$0$0$639,881
78$995,859$0$0$657,687
79$1,023,438$0$0$675,814
80$1,051,499$0$0$694,248
81$1,080,018$0$0$712,972
82$1,108,966$0$0$731,964
83$1,138,308$0$0$751,202
84$1,168,004$0$0$770,655
85$1,198,007$0$0$790,293
86$1,228,263$0$0$810,075
87$1,258,709$0$0$829,960
88$1,289,273$0$0$849,896
89$1,319,873$0$0$869,827
90$1,350,415$0$0$889,688
91$1,380,795$0$0$909,406
92$1,410,891$0$0$928,897
93$1,440,568$0$0$948,069
94$1,469,674$0$0$966,816
95$1,498,037$0$0$985,019
96$1,525,465$0$0$1,002,546
97$1,551,741$0$0$1,019,248
98$1,576,624$0$0$1,034,958
99$1,599,842$0$0$1,049,491
100$1,621,095$0$0$1,062,639