Can I retire at age 45 with 346,000?

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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$28,572$28,318$28,070$27,827$27,591$27,417
2 years$14,145$13,881$13,626$13,378$13,138$12,963
3 years$9,336$9,072$8,817$8,572$8,336$8,164
4 years$6,932$6,669$6,416$6,175$5,945$5,779
5 years$5,490$5,228$4,979$4,743$4,519$4,359
6 years$4,529$4,269$4,024$3,793$3,576$3,421
7 years$3,843$3,585$3,344$3,119$2,908$2,760
8 years$3,329$3,073$2,836$2,616$2,413$2,270
9 years$2,929$2,676$2,443$2,228$2,032$1,895
10 years$2,609$2,359$2,130$1,921$1,731$1,601
11 years$2,348$2,100$1,875$1,672$1,489$1,364
12 years$2,130$1,885$1,664$1,466$1,290$1,171
13 years$1,946$1,703$1,487$1,295$1,125$1,012
14 years$1,789$1,548$1,336$1,149$986$878
15 years$1,652$1,414$1,206$1,025$868$766
16 years$1,533$1,298$1,093$918$767$670
17 years$1,428$1,195$995$825$680$588
18 years$1,334$1,104$908$743$605$517
19 years$1,251$1,023$831$671$539$456
20 years$1,176$951$763$608$482$403
21 years$1,108$886$702$552$431$357
22 years$1,047$827$647$502$386$316
23 years$991$773$597$457$347$281
24 years$939$725$552$417$312$250
25 years$892$680$512$381$281$222
26 years$849$639$474$348$253$198
27 years$808$601$441$319$228$176
28 years$771$567$410$292$206$157
29 years$737$535$381$268$186$140
30 years$704$505$355$246$168$125
31 years$674$477$331$226$152$112
32 years$646$452$309$207$137$100
33 years$620$428$288$191$124$89
34 years$595$405$269$175$112$80
35 years$572$384$252$161$102$71
36 years$550$365$236$149$92$64
37 years$529$347$221$137$84$57
38 years$509$329$207$126$76$51
39 years$491$313$194$116$69$46
40 years$473$298$181$107$62$41
41 years$456$284$170$99$57$37
42 years$441$270$160$91$51$33
43 years$425$257$150$84$47$30
44 years$411$245$141$78$42$26
45 years$397$234$132$72$38$24
46 years$384$223$124$67$35$21
47 years$372$213$116$61$32$19
48 years$360$203$109$57$29$17
49 years$349$194$103$52$26$15
50 years$338$185$97$48$24$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $346,000, adding $2,894 every year, while hoping to spend $24,959 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: 58/16/26 Blend
44$346,000$346,000$346,000$346,000
45$384,277$365,939$360,576$403,698
46$396,917$357,314$346,099$408,676
47$410,010$347,430$330,301$411,204
48$423,576$336,198$313,110$413,435
49$437,635$323,526$294,454$415,349
50$452,210$309,315$274,254$416,921
51$467,324$293,461$252,431$418,128
52$483,004$275,853$228,900$418,945
53$499,275$256,375$203,573$419,347
54$516,167$234,903$176,358$419,305
55$533,709$211,306$147,160$418,792
56$551,935$185,448$115,877$417,779
57$570,879$157,182$82,406$416,236
58$590,579$126,354$46,637$414,131
59$611,075$92,802$8,456$411,431
60$632,409$56,353$0$408,105
61$654,628$16,828$0$413,075
62$677,781$0$0$420,434
63$701,922$0$0$432,405
64$727,108$0$0$447,992
65$753,401$0$0$464,270
66$780,868$0$0$481,281
67$809,581$0$0$499,072
68$839,619$0$0$517,692
69$871,065$0$0$537,194
70$904,012$0$0$557,636
71$938,558$0$0$579,082
72$974,812$0$0$601,598
73$1,012,890$0$0$625,260
74$1,052,919$0$0$650,148
75$1,095,038$0$0$676,349
76$1,139,396$0$0$703,959
77$1,186,158$0$0$733,082
78$1,235,502$0$0$763,831
79$1,287,622$0$0$796,330
80$1,342,731$0$0$830,713
81$1,401,059$0$0$867,128
82$1,462,860$0$0$905,735
83$1,528,410$0$0$946,710
84$1,598,011$0$0$990,245
85$1,671,993$0$0$1,036,551
86$1,750,716$0$0$1,085,856
87$1,834,578$0$0$1,138,413
88$1,924,009$0$0$1,194,498
89$2,019,486$0$0$1,254,412
90$2,121,526$0$0$1,318,487
91$2,230,701$0$0$1,387,085
92$2,347,633$0$0$1,460,605
93$2,473,009$0$0$1,539,483
94$2,607,580$0$0$1,624,199
95$2,752,170$0$0$1,715,277
96$2,907,685$0$0$1,813,296
97$3,075,118$0$0$1,918,890
98$3,255,561$0$0$2,032,754
99$3,450,213$0$0$2,155,653
100$3,660,391$0$0$2,288,429