Can I retire at age 45 with 341,000?

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 $341,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$28,159$27,909$27,664$27,425$27,192$26,841
2 years$13,940$13,681$13,429$13,185$12,948$12,595
3 years$9,201$8,940$8,690$8,448$8,215$7,871
4 years$6,832$6,572$6,324$6,086$5,859$5,526
5 years$5,411$5,153$4,907$4,675$4,454$4,134
6 years$4,464$4,208$3,966$3,738$3,524$3,217
7 years$3,788$3,534$3,296$3,074$2,866$2,572
8 years$3,281$3,029$2,795$2,578$2,378$2,096
9 years$2,887$2,637$2,407$2,196$2,002$1,734
10 years$2,572$2,325$2,099$1,893$1,706$1,450
11 years$2,314$2,069$1,848$1,648$1,467$1,224
12 years$2,100$1,857$1,640$1,445$1,272$1,040
13 years$1,918$1,679$1,465$1,276$1,109$889
14 years$1,763$1,526$1,316$1,133$972$764
15 years$1,628$1,394$1,189$1,010$856$659
16 years$1,511$1,279$1,078$904$756$570
17 years$1,407$1,178$981$813$671$495
18 years$1,315$1,088$895$732$596$430
19 years$1,233$1,009$819$662$532$375
20 years$1,159$937$752$599$475$328
21 years$1,092$873$692$544$425$287
22 years$1,032$815$638$495$381$251
23 years$976$762$589$450$342$220
24 years$926$714$544$411$307$193
25 years$879$670$504$375$276$170
26 years$836$630$468$343$249$149
27 years$797$593$434$314$225$131
28 years$760$559$404$288$203$116
29 years$726$527$376$264$183$102
30 years$694$498$350$242$165$90
31 years$664$470$326$222$149$79
32 years$637$445$304$204$135$70
33 years$611$422$284$188$122$62
34 years$586$400$266$173$111$54
35 years$563$379$248$159$100$48
36 years$542$360$232$147$91$42
37 years$521$342$217$135$82$37
38 years$502$325$204$124$75$33
39 years$484$309$191$115$68$29
40 years$466$294$179$106$61$26
41 years$450$280$168$98$56$23
42 years$434$266$157$90$51$20
43 years$419$254$148$83$46$18
44 years$405$242$138$77$42$16
45 years$392$231$130$71$38$14
46 years$379$220$122$66$34$12
47 years$367$210$115$61$31$11
48 years$355$200$108$56$28$10
49 years$344$191$101$52$26$8
50 years$333$183$95$48$23$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $341,000, adding $6,073 every year, while hoping to spend $26,094 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: 62/22/16 Blend
44$341,000$341,000$341,000$341,000
45$382,046$363,973$358,688$403,842
46$393,251$354,044$342,940$409,304
47$404,724$342,754$325,790$411,771
48$416,466$330,008$307,164$413,843
49$428,474$315,708$286,983$415,484
50$440,748$299,747$265,166$416,655
51$453,283$282,013$241,628$417,313
52$466,076$262,390$216,280$417,415
53$479,120$240,751$189,030$416,911
54$492,408$216,966$159,780$415,750
55$505,931$190,894$128,430$413,877
56$519,677$162,389$94,873$411,233
57$533,632$131,294$58,999$407,755
58$547,780$97,446$20,694$403,373
59$562,103$60,670$0$398,017
60$576,578$20,783$0$395,052
61$591,179$0$0$394,945
62$605,877$0$0$399,515
63$620,638$0$0$409,145
64$635,423$0$0$418,777
65$650,187$0$0$428,380
66$664,880$0$0$437,920
67$679,446$0$0$447,357
68$693,821$0$0$456,647
69$707,931$0$0$465,740
70$721,696$0$0$474,579
71$735,024$0$0$483,102
72$747,813$0$0$491,238
73$759,947$0$0$498,908
74$771,298$0$0$506,024
75$781,723$0$0$512,486
76$791,061$0$0$518,185
77$799,134$0$0$522,999
78$805,744$0$0$526,790
79$810,668$0$0$529,408
80$813,661$0$0$530,681
81$814,449$0$0$530,424
82$812,727$0$0$528,428
83$808,159$0$0$524,461
84$800,370$0$0$518,266
85$788,944$0$0$509,559
86$773,421$0$0$498,025
87$753,291$0$0$483,314
88$727,989$0$0$465,038
89$696,889$0$0$442,770
90$659,298$0$0$416,035
91$614,449$0$0$384,308
92$561,494$0$0$347,009
93$499,496$0$0$303,496
94$427,418$0$0$253,059
95$344,111$0$0$194,913
96$248,310$0$0$128,192
97$138,614$0$0$51,937
98$13,476$0$0$0
99$0$0$0$0
100$0$0$0$0