Can I retire at age 45 with 354,000?

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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$29,233$28,973$28,719$28,471$28,228$27,314
2 years$14,472$14,202$13,941$13,688$13,442$12,529
3 years$9,552$9,281$9,021$8,770$8,528$7,646
4 years$7,093$6,823$6,565$6,318$6,082$5,237
5 years$5,617$5,349$5,095$4,853$4,624$3,818
6 years$4,634$4,368$4,117$3,881$3,659$2,893
7 years$3,932$3,668$3,421$3,191$2,975$2,250
8 years$3,406$3,144$2,902$2,677$2,468$1,782
9 years$2,997$2,738$2,499$2,280$2,079$1,431
10 years$2,670$2,413$2,179$1,965$1,771$1,161
11 years$2,402$2,148$1,918$1,710$1,523$950
12 years$2,180$1,928$1,702$1,500$1,320$782
13 years$1,991$1,743$1,521$1,325$1,151$647
14 years$1,830$1,584$1,367$1,176$1,009$537
15 years$1,690$1,447$1,234$1,049$888$448
16 years$1,568$1,328$1,119$939$785$374
17 years$1,461$1,223$1,018$844$696$314
18 years$1,365$1,130$929$760$619$263
19 years$1,280$1,047$851$687$552$221
20 years$1,203$973$781$622$493$186
21 years$1,134$906$718$565$441$157
22 years$1,071$846$662$513$395$132
23 years$1,013$791$611$468$355$112
24 years$961$741$565$426$319$94
25 years$913$696$523$389$287$80
26 years$868$654$485$356$259$67
27 years$827$615$451$326$233$57
28 years$789$580$419$299$210$48
29 years$754$547$390$274$190$41
30 years$721$517$363$251$172$35
31 years$690$488$339$231$155$29
32 years$661$462$316$212$140$25
33 years$634$438$295$195$127$21
34 years$609$415$276$179$115$18
35 years$585$393$258$165$104$15
36 years$562$373$241$152$94$13
37 years$541$355$226$140$86$11
38 years$521$337$211$129$78$9
39 years$502$320$198$119$70$8
40 years$484$305$186$110$64$7
41 years$467$290$174$101$58$6
42 years$451$276$163$94$53$5
43 years$435$263$153$86$48$4
44 years$421$251$144$80$43$3
45 years$407$239$135$74$39$3
46 years$393$228$127$68$36$2
47 years$381$218$119$63$32$2
48 years$368$208$112$58$29$2
49 years$357$199$105$54$27$1
50 years$346$190$99$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $354,000, adding $6,546 every year, while hoping to spend $23,551 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: 43/43/14 Blend
44$354,000$354,000$354,000$354,000
45$396,860$378,098$372,611$412,048
46$412,282$371,567$360,036$416,805
47$428,487$363,926$346,249$419,097
48$445,531$355,097$331,187$421,069
49$463,474$344,995$314,780$422,699
50$482,381$333,532$296,958$423,969
51$502,322$320,614$277,645$424,859
52$523,376$306,141$256,763$425,350
53$545,626$290,008$234,230$425,423
54$569,166$272,104$209,963$425,058
55$594,095$252,311$183,870$424,238
56$620,523$230,505$155,860$422,945
57$648,570$206,554$125,836$421,162
58$678,368$180,318$93,695$418,875
59$710,060$151,653$59,332$416,071
60$743,803$120,401$22,637$412,736
61$779,770$86,399$0$408,864
62$818,149$49,475$0$406,915
63$859,145$9,444$0$408,188
64$902,986$0$0$409,317
65$949,919$0$0$426,362
66$1,000,217$0$0$449,448
67$1,054,177$0$0$474,245
68$1,112,127$0$0$500,909
69$1,174,426$0$0$529,608
70$1,241,469$0$0$560,530
71$1,313,689$0$0$593,877
72$1,391,562$0$0$629,876
73$1,475,609$0$0$668,773
74$1,566,406$0$0$710,838
75$1,664,583$0$0$756,371
76$1,770,833$0$0$805,698
77$1,885,920$0$0$859,180
78$2,010,682$0$0$917,213
79$2,146,039$0$0$980,233
80$2,293,006$0$0$1,048,720
81$2,452,699$0$0$1,123,199
82$2,626,343$0$0$1,204,252
83$2,815,287$0$0$1,292,517
84$3,021,018$0$0$1,388,696
85$3,245,168$0$0$1,493,563
86$3,489,535$0$0$1,607,966
87$3,756,099$0$0$1,732,844
88$4,047,037$0$0$1,869,227
89$4,364,747$0$0$2,018,249
90$4,711,868$0$0$2,181,160
91$5,091,305$0$0$2,359,335
92$5,506,259$0$0$2,554,288
93$5,960,250$0$0$2,767,687
94$6,457,158$0$0$3,001,367
95$7,001,253$0$0$3,257,352
96$7,597,237$0$0$3,537,867
97$8,250,290$0$0$3,845,365
98$8,966,116$0$0$4,182,546
99$9,750,997$0$0$4,552,386
100$10,611,851$0$0$4,958,162