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%15%
1 years$28,572$28,318$28,070$27,827$27,591$27,022
2 years$14,145$13,881$13,626$13,378$13,138$12,569
3 years$9,336$9,072$8,817$8,572$8,336$7,782
4 years$6,932$6,669$6,416$6,175$5,945$5,412
5 years$5,490$5,228$4,979$4,743$4,519$4,008
6 years$4,529$4,269$4,024$3,793$3,576$3,087
7 years$3,843$3,585$3,344$3,119$2,908$2,442
8 years$3,329$3,073$2,836$2,616$2,413$1,969
9 years$2,929$2,676$2,443$2,228$2,032$1,610
10 years$2,609$2,359$2,130$1,921$1,731$1,331
11 years$2,348$2,100$1,875$1,672$1,489$1,110
12 years$2,130$1,885$1,664$1,466$1,290$932
13 years$1,946$1,703$1,487$1,295$1,125$787
14 years$1,789$1,548$1,336$1,149$986$667
15 years$1,652$1,414$1,206$1,025$868$568
16 years$1,533$1,298$1,093$918$767$485
17 years$1,428$1,195$995$825$680$415
18 years$1,334$1,104$908$743$605$356
19 years$1,251$1,023$831$671$539$306
20 years$1,176$951$763$608$482$264
21 years$1,108$886$702$552$431$227
22 years$1,047$827$647$502$386$196
23 years$991$773$597$457$347$170
24 years$939$725$552$417$312$147
25 years$892$680$512$381$281$127
26 years$849$639$474$348$253$110
27 years$808$601$441$319$228$95
28 years$771$567$410$292$206$83
29 years$737$535$381$268$186$72
30 years$704$505$355$246$168$62
31 years$674$477$331$226$152$54
32 years$646$452$309$207$137$47
33 years$620$428$288$191$124$41
34 years$595$405$269$175$112$35
35 years$572$384$252$161$102$31
36 years$550$365$236$149$92$27
37 years$529$347$221$137$84$23
38 years$509$329$207$126$76$20
39 years$491$313$194$116$69$17
40 years$473$298$181$107$62$15
41 years$456$284$170$99$57$13
42 years$441$270$160$91$51$11
43 years$425$257$150$84$47$10
44 years$411$245$141$78$42$9
45 years$397$234$132$72$38$8
46 years$384$223$124$67$35$7
47 years$372$213$116$61$32$6
48 years$360$203$109$57$29$5
49 years$349$194$103$52$26$4
50 years$338$185$97$48$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $346,000, adding $5,681 every year, while hoping to spend $33,072 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: 62/26/12 Blend
44$346,000$346,000$346,000$346,000
45$387,152$368,814$363,451$409,714
46$391,453$351,697$340,438$408,415
47$395,085$332,634$315,546$402,698
48$397,943$311,493$288,677$395,644
49$399,914$288,136$259,728$387,124
50$400,869$262,419$228,593$376,999
51$400,667$234,187$195,160$365,115
52$399,149$203,277$159,312$351,305
53$396,142$169,517$120,929$335,390
54$391,451$132,726$79,883$317,170
55$384,861$92,711$36,041$296,430
56$376,134$49,271$0$272,935
57$365,004$2,190$0$247,804
58$351,181$0$0$224,396
59$334,339$0$0$211,753
60$314,121$0$0$197,413
61$290,129$0$0$180,479
62$261,925$0$0$160,650
63$229,023$0$0$137,593
64$190,888$0$0$110,943
65$146,926$0$0$80,293
66$96,481$0$0$45,194
67$38,830$0$0$5,152
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$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