Can I retire at age 45 with 356,000?

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 $356,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$29,398$29,136$28,881$28,631$28,388$28,197
2 years$14,554$14,282$14,020$13,765$13,518$13,326
3 years$9,606$9,334$9,072$8,819$8,576$8,388
4 years$7,133$6,861$6,602$6,354$6,117$5,935
5 years$5,649$5,379$5,123$4,880$4,650$4,474
6 years$4,660$4,393$4,140$3,903$3,679$3,510
7 years$3,954$3,689$3,441$3,209$2,992$2,829
8 years$3,425$3,162$2,918$2,692$2,482$2,326
9 years$3,014$2,753$2,513$2,293$2,091$1,941
10 years$2,685$2,427$2,191$1,976$1,781$1,638
11 years$2,416$2,160$1,929$1,720$1,532$1,395
12 years$2,192$1,939$1,712$1,509$1,328$1,197
13 years$2,003$1,752$1,530$1,332$1,158$1,033
14 years$1,840$1,593$1,374$1,182$1,015$897
15 years$1,700$1,455$1,241$1,054$893$781
16 years$1,577$1,335$1,125$944$790$683
17 years$1,469$1,230$1,024$848$700$599
18 years$1,373$1,136$934$765$623$527
19 years$1,287$1,053$855$691$555$464
20 years$1,210$978$785$626$496$410
21 years$1,140$911$722$568$444$363
22 years$1,077$851$666$516$398$321
23 years$1,019$796$615$470$357$285
24 years$966$746$568$429$321$253
25 years$918$700$526$392$289$225
26 years$873$658$488$358$260$200
27 years$832$619$453$328$234$178
28 years$793$583$421$300$212$159
29 years$758$550$392$275$191$142
30 years$725$520$365$253$173$126
31 years$694$491$341$232$156$113
32 years$665$465$318$213$141$101
33 years$638$440$297$196$128$90
34 years$612$417$277$180$116$80
35 years$588$396$259$166$105$72
36 years$565$375$242$153$95$64
37 years$544$357$227$141$86$57
38 years$524$339$213$130$78$51
39 years$505$322$199$120$71$46
40 years$487$307$187$111$64$41
41 years$470$292$175$102$58$37
42 years$453$278$164$94$53$33
43 years$438$265$154$87$48$29
44 years$423$252$145$80$43$26
45 years$409$241$136$74$39$24
46 years$396$230$128$68$36$21
47 years$383$219$120$63$33$19
48 years$370$209$113$58$30$17
49 years$359$200$106$54$27$15
50 years$348$191$99$50$24$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $356,000, adding $2,416 every year, while hoping to spend $24,771 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: 64/26/10 Blend
44$356,000$356,000$356,000$356,000
45$394,804$375,936$370,418$419,060
46$408,718$368,001$356,471$427,615
47$423,221$358,846$341,226$433,839
48$438,347$348,387$324,615$440,007
49$454,132$336,532$306,563$446,113
50$470,616$323,185$286,996$452,150
51$487,842$308,244$265,833$458,114
52$505,855$291,601$242,992$463,997
53$524,706$273,143$218,385$469,796
54$544,447$252,749$191,923$475,506
55$565,139$230,291$163,510$481,125
56$586,843$205,636$133,048$486,649
57$609,630$178,640$100,434$492,078
58$633,572$149,154$65,559$497,413
59$658,753$117,019$28,311$502,656
60$685,259$82,066$0$507,812
61$713,187$44,119$0$514,107
62$742,642$2,991$0$523,635
63$773,737$0$0$533,397
64$806,598$0$0$555,303
65$841,360$0$0$579,392
66$878,171$0$0$604,912
67$917,192$0$0$631,979
68$958,602$0$0$660,715
69$1,002,592$0$0$691,256
70$1,049,376$0$0$723,753
71$1,099,184$0$0$758,366
72$1,152,269$0$0$795,275
73$1,208,910$0$0$834,674
74$1,269,410$0$0$876,779
75$1,334,103$0$0$921,822
76$1,403,353$0$0$970,061
77$1,477,562$0$0$1,021,779
78$1,557,169$0$0$1,077,284
79$1,642,655$0$0$1,136,916
80$1,734,552$0$0$1,201,048
81$1,833,438$0$0$1,270,088
82$1,939,953$0$0$1,344,486
83$2,054,796$0$0$1,424,736
84$2,178,738$0$0$1,511,379
85$2,312,625$0$0$1,605,011
86$2,457,384$0$0$1,706,287
87$2,614,039$0$0$1,815,926
88$2,783,712$0$0$1,934,720
89$2,967,637$0$0$2,063,539
90$3,167,172$0$0$2,203,338
91$3,383,810$0$0$2,355,171
92$3,619,192$0$0$2,520,194
93$3,875,127$0$0$2,699,680
94$4,153,600$0$0$2,895,031
95$4,456,798$0$0$3,107,786
96$4,787,128$0$0$3,339,643
97$5,147,237$0$0$3,592,467
98$5,540,040$0$0$3,868,313
99$5,968,744$0$0$4,169,442
100$6,436,880$0$0$4,498,343