Can I retire at age 45 with 339,000?

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 $339,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$27,994$27,745$27,502$27,264$27,032$26,839
2 years$13,859$13,600$13,350$13,108$12,873$12,678
3 years$9,147$8,888$8,639$8,398$8,167$7,977
4 years$6,792$6,534$6,287$6,050$5,825$5,640
5 years$5,379$5,122$4,879$4,647$4,428$4,250
6 years$4,438$4,183$3,943$3,717$3,504$3,332
7 years$3,766$3,513$3,276$3,056$2,849$2,685
8 years$3,262$3,011$2,779$2,563$2,364$2,206
9 years$2,870$2,622$2,393$2,183$1,991$1,840
10 years$2,557$2,311$2,086$1,882$1,696$1,552
11 years$2,301$2,057$1,837$1,638$1,459$1,321
12 years$2,087$1,846$1,630$1,437$1,264$1,133
13 years$1,907$1,669$1,456$1,268$1,102$977
14 years$1,752$1,517$1,309$1,126$966$847
15 years$1,619$1,386$1,182$1,004$851$738
16 years$1,502$1,271$1,071$899$752$644
17 years$1,399$1,171$975$808$667$565
18 years$1,307$1,082$890$728$593$496
19 years$1,226$1,003$815$658$528$437
20 years$1,152$932$748$596$472$386
21 years$1,086$868$688$541$422$341
22 years$1,025$810$634$492$379$302
23 years$971$758$585$448$340$267
24 years$920$710$541$408$305$237
25 years$874$666$501$373$275$211
26 years$831$626$465$341$248$187
27 years$792$589$432$312$223$167
28 years$756$555$401$286$201$148
29 years$722$524$373$262$182$132
30 years$690$495$348$241$164$118
31 years$661$468$324$221$149$105
32 years$633$442$303$203$134$94
33 years$607$419$283$187$122$84
34 years$583$397$264$172$110$75
35 years$560$377$247$158$100$67
36 years$538$358$231$146$90$60
37 years$518$340$216$134$82$53
38 years$499$323$202$124$74$48
39 years$481$307$190$114$67$43
40 years$463$292$178$105$61$38
41 years$447$278$167$97$55$34
42 years$432$265$156$90$50$30
43 years$417$252$147$83$46$27
44 years$403$240$138$76$41$24
45 years$389$229$129$71$38$22
46 years$377$219$121$65$34$19
47 years$364$209$114$60$31$17
48 years$353$199$107$56$28$16
49 years$342$190$101$51$26$14
50 years$331$182$95$48$23$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $339,000, adding $6,491 every year, while hoping to spend $20,876 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: 52/28/20 Blend
44$339,000$339,000$339,000$339,000
45$380,273$362,306$357,052$397,639
46$396,849$357,848$346,801$405,833
47$414,417$352,471$335,508$412,037
48$433,054$346,108$323,114$418,340
49$452,847$338,690$309,560$424,757
50$473,892$330,140$294,785$431,307
51$496,292$320,379$278,723$438,014
52$520,159$309,323$261,305$444,903
53$545,617$296,882$242,461$452,005
54$572,803$282,963$222,117$459,354
55$601,866$267,464$200,194$466,990
56$632,967$250,281$176,612$474,959
57$666,287$231,303$151,286$483,313
58$702,022$210,410$124,127$492,113
59$740,386$187,478$95,044$501,424
60$781,617$162,375$63,939$511,326
61$825,973$134,963$30,711$521,903
62$873,738$105,092$0$533,255
63$925,227$72,610$0$546,505
64$980,783$37,350$0$567,826
65$1,040,782$0$0$590,822
66$1,105,640$0$0$615,941
67$1,175,812$0$0$655,597
68$1,251,800$0$0$698,569
69$1,334,154$0$0$745,170
70$1,423,481$0$0$795,748
71$1,520,446$0$0$850,684
72$1,625,782$0$0$910,397
73$1,740,296$0$0$975,349
74$1,864,873$0$0$1,046,047
75$2,000,490$0$0$1,123,049
76$2,148,220$0$0$1,206,970
77$2,309,244$0$0$1,298,486
78$2,484,863$0$0$1,398,341
79$2,676,508$0$0$1,507,355
80$2,885,753$0$0$1,626,429
81$3,114,332$0$0$1,756,557
82$3,364,156$0$0$1,898,831
83$3,637,324$0$0$2,054,455
84$3,936,151$0$0$2,224,754
85$4,263,185$0$0$2,411,187
86$4,621,230$0$0$2,615,360
87$5,013,378$0$0$2,839,043
88$5,443,029$0$0$3,084,185
89$5,913,931$0$0$3,352,931
90$6,430,209$0$0$3,647,646
91$6,996,409$0$0$3,970,932
92$7,617,537$0$0$4,325,657
93$8,299,105$0$0$4,714,979
94$9,047,188$0$0$5,142,377
95$9,868,475$0$0$5,611,684
96$10,770,336$0$0$6,127,120
97$11,760,887$0$0$6,693,337
98$12,849,071$0$0$7,315,458
99$14,044,741$0$0$7,999,125
100$15,358,748$0$0$8,750,558