Can I retire at age 45 with 346,000?

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 $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%14%
1 years$28,572$28,318$28,070$27,827$27,591$27,133
2 years$14,145$13,881$13,626$13,378$13,138$12,679
3 years$9,336$9,072$8,817$8,572$8,336$7,889
4 years$6,932$6,669$6,416$6,175$5,945$5,514
5 years$5,490$5,228$4,979$4,743$4,519$4,105
6 years$4,529$4,269$4,024$3,793$3,576$3,179
7 years$3,843$3,585$3,344$3,119$2,908$2,529
8 years$3,329$3,073$2,836$2,616$2,413$2,050
9 years$2,929$2,676$2,443$2,228$2,032$1,687
10 years$2,609$2,359$2,130$1,921$1,731$1,403
11 years$2,348$2,100$1,875$1,672$1,489$1,177
12 years$2,130$1,885$1,664$1,466$1,290$995
13 years$1,946$1,703$1,487$1,295$1,125$846
14 years$1,789$1,548$1,336$1,149$986$722
15 years$1,652$1,414$1,206$1,025$868$619
16 years$1,533$1,298$1,093$918$767$532
17 years$1,428$1,195$995$825$680$459
18 years$1,334$1,104$908$743$605$397
19 years$1,251$1,023$831$671$539$344
20 years$1,176$951$763$608$482$298
21 years$1,108$886$702$552$431$259
22 years$1,047$827$647$502$386$225
23 years$991$773$597$457$347$196
24 years$939$725$552$417$312$171
25 years$892$680$512$381$281$149
26 years$849$639$474$348$253$130
27 years$808$601$441$319$228$114
28 years$771$567$410$292$206$99
29 years$737$535$381$268$186$87
30 years$704$505$355$246$168$76
31 years$674$477$331$226$152$67
32 years$646$452$309$207$137$58
33 years$620$428$288$191$124$51
34 years$595$405$269$175$112$45
35 years$572$384$252$161$102$39
36 years$550$365$236$149$92$34
37 years$529$347$221$137$84$30
38 years$509$329$207$126$76$26
39 years$491$313$194$116$69$23
40 years$473$298$181$107$62$20
41 years$456$284$170$99$57$18
42 years$441$270$160$91$51$16
43 years$425$257$150$84$47$14
44 years$411$245$141$78$42$12
45 years$397$234$132$72$38$10
46 years$384$223$124$67$35$9
47 years$372$213$116$61$32$8
48 years$360$203$109$57$29$7
49 years$349$194$103$52$26$6
50 years$338$185$97$48$24$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $346,000, adding $4,444 every year, while hoping to spend $24,416 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: 66/16/18 Blend
44$346,000$346,000$346,000$346,000
45$385,876$367,538$362,175$409,346
46$399,257$359,569$348,329$417,646
47$413,184$350,391$333,202$423,488
48$427,688$339,919$316,723$429,282
49$442,801$328,064$298,822$435,025
50$458,557$314,729$279,423$440,711
51$474,994$299,815$258,447$446,335
52$492,151$283,214$235,814$451,895
53$510,074$264,814$211,436$457,387
54$528,807$244,496$185,225$462,809
55$548,403$222,134$157,087$468,158
56$568,915$197,594$126,925$473,435
57$590,404$170,735$94,637$478,641
58$612,933$141,410$60,115$483,776
59$636,574$109,460$23,250$488,847
60$661,401$74,720$0$493,857
61$687,497$37,015$0$501,906
62$714,952$0$0$514,881
63$743,863$0$0$529,025
64$774,337$0$0$550,811
65$806,489$0$0$573,806
66$840,445$0$0$598,100
67$876,343$0$0$623,795
68$914,333$0$0$650,998
69$954,579$0$0$679,828
70$997,261$0$0$710,416
71$1,042,573$0$0$742,903
72$1,090,730$0$0$777,444
73$1,141,966$0$0$814,209
74$1,196,538$0$0$853,385
75$1,254,727$0$0$895,175
76$1,316,838$0$0$939,801
77$1,383,211$0$0$987,509
78$1,454,212$0$0$1,038,567
79$1,530,249$0$0$1,093,268
80$1,611,764$0$0$1,151,934
81$1,699,244$0$0$1,214,920
82$1,793,225$0$0$1,282,613
83$1,894,292$0$0$1,355,440
84$2,003,090$0$0$1,433,868
85$2,120,326$0$0$1,518,411
86$2,246,778$0$0$1,609,634
87$2,383,298$0$0$1,708,156
88$2,530,824$0$0$1,814,659
89$2,690,388$0$0$1,929,892
90$2,863,122$0$0$2,054,678
91$3,050,272$0$0$2,189,923
92$3,253,207$0$0$2,336,621
93$3,473,434$0$0$2,495,866
94$3,712,608$0$0$2,668,864
95$3,972,551$0$0$2,856,937
96$4,255,269$0$0$3,061,544
97$4,562,966$0$0$3,284,286
98$4,898,068$0$0$3,526,927
99$5,263,245$0$0$3,791,408
100$5,661,436$0$0$4,079,866