Can I retire at age 45 with 355,000?

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 $355,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$29,316$29,054$28,800$28,551$28,308$27,369
2 years$14,513$14,242$13,980$13,726$13,480$12,543
3 years$9,579$9,308$9,046$8,795$8,552$7,647
4 years$7,113$6,842$6,583$6,336$6,100$5,233
5 years$5,633$5,364$5,109$4,867$4,637$3,811
6 years$4,647$4,380$4,129$3,892$3,669$2,884
7 years$3,943$3,679$3,431$3,200$2,984$2,240
8 years$3,416$3,153$2,910$2,684$2,475$1,773
9 years$3,005$2,745$2,506$2,286$2,085$1,422
10 years$2,677$2,420$2,185$1,971$1,776$1,152
11 years$2,409$2,154$1,924$1,715$1,528$941
12 years$2,186$1,934$1,707$1,504$1,324$774
13 years$1,997$1,747$1,525$1,328$1,154$639
14 years$1,835$1,588$1,370$1,179$1,012$530
15 years$1,695$1,451$1,237$1,052$891$442
16 years$1,573$1,331$1,122$942$787$369
17 years$1,465$1,226$1,021$846$698$308
18 years$1,369$1,133$932$762$621$258
19 years$1,283$1,050$853$689$553$217
20 years$1,207$976$783$624$494$182
21 years$1,137$909$720$566$442$153
22 years$1,074$848$664$515$396$129
23 years$1,016$793$613$469$356$109
24 years$964$743$567$428$320$92
25 years$915$698$525$391$288$77
26 years$871$656$487$357$259$65
27 years$829$617$452$327$234$55
28 years$791$581$420$299$211$47
29 years$756$549$391$275$190$39
30 years$723$518$364$252$172$33
31 years$692$490$340$231$156$28
32 years$663$463$317$213$141$24
33 years$636$439$296$196$127$20
34 years$610$416$276$180$115$17
35 years$586$394$258$166$104$14
36 years$564$374$242$153$95$12
37 years$543$356$226$141$86$10
38 years$522$338$212$130$78$9
39 years$503$321$199$119$71$7
40 years$485$306$186$110$64$6
41 years$468$291$174$102$58$5
42 years$452$277$164$94$53$4
43 years$437$264$154$87$48$4
44 years$422$252$144$80$43$3
45 years$408$240$135$74$39$3
46 years$394$229$127$68$36$2
47 years$382$219$119$63$32$2
48 years$369$209$112$58$29$2
49 years$358$199$106$54$27$1
50 years$347$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 $355,000, adding $2,865 every year, while hoping to spend $22,149 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: 41/50/9 Blend
44$355,000$355,000$355,000$355,000
45$394,165$375,350$369,848$409,159
46$410,804$370,176$358,671$414,762
47$428,397$364,006$346,378$418,383
48$447,019$356,768$332,907$421,801
49$466,751$348,385$318,195$425,006
50$487,680$338,777$302,176$427,989
51$509,904$327,858$284,779$430,743
52$533,528$315,537$265,933$433,262
53$558,668$301,717$245,562$435,539
54$585,449$286,299$223,585$437,572
55$614,011$269,173$199,921$439,360
56$644,504$250,227$174,483$440,902
57$677,096$229,341$147,181$442,203
58$711,968$206,386$117,919$443,270
59$749,320$181,230$86,601$444,114
60$789,371$153,731$53,122$444,749
61$832,360$123,738$17,375$445,196
62$878,553$91,093$0$445,480
63$928,238$55,629$0$447,629
64$981,734$17,170$0$451,597
65$1,039,388$0$0$455,775
66$1,101,585$0$0$473,697
67$1,168,746$0$0$503,285
68$1,241,334$0$0$535,301
69$1,319,857$0$0$569,974
70$1,404,874$0$0$607,556
71$1,497,000$0$0$648,324
72$1,596,911$0$0$692,582
73$1,705,350$0$0$740,665
74$1,823,136$0$0$792,943
75$1,951,166$0$0$849,820
76$2,090,430$0$0$911,742
77$2,242,018$0$0$979,200
78$2,407,125$0$0$1,052,735
79$2,587,071$0$0$1,132,940
80$2,783,306$0$0$1,220,471
81$2,997,425$0$0$1,316,046
82$3,231,187$0$0$1,420,460
83$3,486,526$0$0$1,534,584
84$3,765,570$0$0$1,659,379
85$4,070,664$0$0$1,795,905
86$4,404,390$0$0$1,945,325
87$4,769,589$0$0$2,108,922
88$5,169,391$0$0$2,288,109
89$5,607,242$0$0$2,484,442
90$6,086,936$0$0$2,699,633
91$6,612,654$0$0$2,935,570
92$7,188,997$0$0$3,194,330
93$7,821,036$0$0$3,478,204
94$8,514,354$0$0$3,789,710
95$9,275,101$0$0$4,131,628
96$10,110,051$0$0$4,507,015
97$11,026,666$0$0$4,919,241
98$12,033,166$0$0$5,372,019
99$13,138,604$0$0$5,869,437
100$14,352,956$0$0$6,416,000