Can I retire at age 45 with 351,000?

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 $351,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$28,985$28,727$28,475$28,229$27,989$27,708
2 years$14,349$14,082$13,823$13,572$13,328$13,045
3 years$9,471$9,203$8,944$8,696$8,456$8,180
4 years$7,033$6,765$6,509$6,265$6,031$5,764
5 years$5,570$5,304$5,051$4,812$4,585$4,327
6 years$4,595$4,331$4,082$3,848$3,628$3,380
7 years$3,899$3,637$3,392$3,164$2,950$2,713
8 years$3,377$3,118$2,877$2,654$2,447$2,220
9 years$2,971$2,715$2,478$2,261$2,061$1,844
10 years$2,647$2,393$2,160$1,949$1,756$1,549
11 years$2,382$2,130$1,902$1,696$1,510$1,313
12 years$2,161$1,912$1,688$1,488$1,309$1,121
13 years$1,974$1,728$1,508$1,313$1,141$962
14 years$1,815$1,570$1,355$1,166$1,001$830
15 years$1,676$1,435$1,223$1,040$881$720
16 years$1,555$1,316$1,109$931$779$626
17 years$1,448$1,212$1,009$836$690$546
18 years$1,354$1,120$921$754$614$477
19 years$1,269$1,038$843$681$547$418
20 years$1,193$965$774$617$489$367
21 years$1,124$899$712$560$437$323
22 years$1,062$839$656$509$392$284
23 years$1,005$785$606$464$352$251
24 years$953$735$560$423$316$221
25 years$905$690$519$386$285$195
26 years$861$648$481$353$256$173
27 years$820$610$447$323$231$153
28 years$782$575$416$296$209$135
29 years$747$542$387$272$188$120
30 years$714$512$360$249$170$106
31 years$684$484$336$229$154$94
32 years$655$458$313$210$139$84
33 years$629$434$293$193$126$74
34 years$603$411$273$178$114$66
35 years$580$390$256$164$103$58
36 years$557$370$239$151$94$52
37 years$536$352$224$139$85$46
38 years$517$334$210$128$77$41
39 years$498$318$196$118$70$36
40 years$480$302$184$109$63$32
41 years$463$288$173$101$57$29
42 years$447$274$162$93$52$26
43 years$432$261$152$86$47$23
44 years$417$249$143$79$43$20
45 years$403$237$134$73$39$18
46 years$390$226$126$67$35$16
47 years$377$216$118$62$32$14
48 years$365$206$111$58$29$13
49 years$354$197$104$53$26$11
50 years$343$188$98$49$24$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $351,000, adding $5,819 every year, while hoping to spend $28,229 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: 77/9/14 Blend
44$351,000$351,000$351,000$351,000
45$392,804$374,201$368,761$421,468
46$402,835$362,502$351,079$429,475
47$412,943$349,283$331,858$434,106
48$423,105$334,440$311,018$438,398
49$433,298$317,864$288,473$442,308
50$443,492$299,436$264,135$445,788
51$453,654$279,035$237,909$448,784
52$463,749$256,530$209,701$451,240
53$473,733$231,781$179,408$453,093
54$483,560$204,645$146,925$454,273
55$493,177$174,967$112,141$454,705
56$502,524$142,583$74,940$454,306
57$511,535$107,323$35,204$452,986
58$520,134$69,004$0$450,647
59$528,237$27,435$0$448,256
60$535,751$0$0$450,300
61$542,570$0$0$453,149
62$548,579$0$0$458,019
63$553,647$0$0$462,084
64$557,628$0$0$465,220
65$560,362$0$0$467,289
66$561,670$0$0$468,140
67$561,351$0$0$467,604
68$559,186$0$0$465,491
69$554,928$0$0$461,595
70$548,304$0$0$455,682
71$539,014$0$0$447,497
72$526,721$0$0$436,755
73$511,056$0$0$423,141
74$491,607$0$0$406,307
75$467,919$0$0$385,866
76$439,490$0$0$361,390
77$405,762$0$0$332,407
78$366,119$0$0$298,393
79$319,880$0$0$258,771
80$266,291$0$0$212,901
81$204,521$0$0$160,075
82$133,649$0$0$99,513
83$52,659$0$0$30,351
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