Can I retire at age 45 with 353,000?

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 $353,000?

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$29,150$28,891$28,637$28,390$28,149$27,971
2 years$14,431$14,162$13,902$13,649$13,404$13,225
3 years$9,525$9,255$8,995$8,745$8,504$8,329
4 years$7,073$6,803$6,546$6,300$6,065$5,896
5 years$5,601$5,334$5,080$4,839$4,611$4,447
6 years$4,621$4,356$4,106$3,870$3,648$3,491
7 years$3,921$3,658$3,412$3,182$2,967$2,815
8 years$3,396$3,135$2,893$2,669$2,461$2,316
9 years$2,988$2,730$2,492$2,273$2,073$1,934
10 years$2,662$2,406$2,173$1,960$1,766$1,633
11 years$2,396$2,142$1,913$1,706$1,519$1,392
12 years$2,173$1,923$1,698$1,496$1,316$1,195
13 years$1,986$1,738$1,517$1,321$1,148$1,032
14 years$1,825$1,579$1,363$1,172$1,006$896
15 years$1,686$1,443$1,230$1,046$886$781
16 years$1,564$1,324$1,115$936$783$683
17 years$1,457$1,219$1,015$841$694$600
18 years$1,361$1,127$927$758$617$528
19 years$1,276$1,044$848$685$550$465
20 years$1,200$970$778$620$491$411
21 years$1,131$904$716$563$440$364
22 years$1,068$844$660$512$394$323
23 years$1,011$789$609$466$354$287
24 years$958$739$564$425$318$255
25 years$910$694$522$388$286$227
26 years$866$652$484$355$258$202
27 years$825$614$450$325$232$180
28 years$787$578$418$298$210$160
29 years$751$545$389$273$189$143
30 years$719$515$362$251$171$128
31 years$688$487$338$230$155$114
32 years$659$461$315$212$140$102
33 years$632$436$294$195$127$91
34 years$607$414$275$179$115$81
35 years$583$392$257$165$104$73
36 years$561$372$240$152$94$65
37 years$539$354$225$140$85$58
38 years$519$336$211$129$77$52
39 years$501$320$197$119$70$47
40 years$483$304$185$110$64$42
41 years$466$289$174$101$58$38
42 years$449$276$163$93$52$34
43 years$434$263$153$86$48$30
44 years$419$250$143$80$43$27
45 years$405$239$135$73$39$24
46 years$392$228$126$68$36$22
47 years$379$217$119$63$32$19
48 years$367$207$112$58$29$17
49 years$356$198$105$54$27$16
50 years$345$189$99$49$24$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $353,000, adding $2,904 every year, while hoping to spend $27,671 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: 55/37/8 Blend
44$353,000$353,000$353,000$353,000
45$392,001$373,292$367,821$412,659
46$402,544$362,142$350,701$415,800
47$413,234$349,518$332,081$415,912
48$424,058$335,319$311,880$415,364
49$435,000$319,437$290,015$414,100
50$446,039$301,759$266,400$412,055
51$457,155$282,164$240,944$409,164
52$468,322$260,527$213,553$405,352
53$479,510$236,713$184,126$400,543
54$490,687$210,579$152,562$394,654
55$501,816$181,976$118,751$387,593
56$512,854$150,746$82,582$379,266
57$523,754$116,720$43,937$369,568
58$534,460$79,723$2,693$358,387
59$544,913$39,568$0$345,605
60$555,045$0$0$334,620
61$564,778$0$0$323,845
62$574,027$0$0$328,869
63$582,696$0$0$333,524
64$590,678$0$0$337,743
65$597,853$0$0$341,453
66$604,089$0$0$344,574
67$609,236$0$0$347,014
68$613,129$0$0$348,674
69$615,585$0$0$349,439
70$616,399$0$0$349,187
71$615,343$0$0$347,778
72$612,166$0$0$345,059
73$606,587$0$0$340,860
74$598,297$0$0$334,991
75$586,951$0$0$327,244
76$572,168$0$0$317,386
77$553,526$0$0$305,161
78$530,557$0$0$290,284
79$502,743$0$0$272,440
80$469,511$0$0$251,281
81$430,227$0$0$226,423
82$384,190$0$0$197,438
83$330,625$0$0$163,857
84$268,675$0$0$125,158
85$197,392$0$0$80,766
86$115,730$0$0$30,046
87$22,531$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