Can I retire at age 45 with 368,000?

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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$30,389$30,118$29,854$29,597$29,345$29,123
2 years$15,044$14,764$14,492$14,229$13,974$13,750
3 years$9,930$9,648$9,378$9,117$8,866$8,647
4 years$7,373$7,093$6,824$6,568$6,323$6,111
5 years$5,840$5,561$5,296$5,045$4,807$4,603
6 years$4,817$4,541$4,280$4,034$3,803$3,607
7 years$4,088$3,813$3,557$3,317$3,093$2,904
8 years$3,541$3,269$3,016$2,783$2,566$2,385
9 years$3,115$2,846$2,598$2,370$2,161$1,988
10 years$2,775$2,509$2,265$2,043$1,841$1,676
11 years$2,497$2,233$1,994$1,778$1,584$1,425
12 years$2,266$2,004$1,770$1,560$1,372$1,222
13 years$2,070$1,811$1,581$1,377$1,197$1,053
14 years$1,902$1,647$1,421$1,222$1,049$912
15 years$1,757$1,504$1,283$1,090$924$794
16 years$1,630$1,380$1,163$976$816$693
17 years$1,519$1,271$1,058$877$724$607
18 years$1,419$1,174$966$790$644$533
19 years$1,330$1,088$884$714$574$469
20 years$1,251$1,011$812$647$512$414
21 years$1,179$942$746$587$458$365
22 years$1,113$879$688$534$411$323
23 years$1,054$823$635$486$369$286
24 years$999$771$588$443$332$254
25 years$949$723$544$405$298$225
26 years$903$680$505$370$269$200
27 years$860$640$469$339$242$178
28 years$820$603$436$310$219$158
29 years$783$569$405$285$197$141
30 years$749$537$378$261$178$125
31 years$717$508$352$240$161$112
32 years$687$480$328$221$146$100
33 years$659$455$307$203$132$89
34 years$633$431$287$187$120$79
35 years$608$409$268$172$108$71
36 years$584$388$251$158$98$63
37 years$562$369$235$146$89$56
38 years$542$350$220$134$81$50
39 years$522$333$206$124$73$45
40 years$503$317$193$114$66$40
41 years$485$302$181$105$60$36
42 years$469$287$170$97$55$32
43 years$452$274$159$90$50$29
44 years$437$261$149$83$45$26
45 years$423$249$140$77$41$23
46 years$409$237$132$71$37$20
47 years$396$227$124$65$34$18
48 years$383$216$116$60$31$16
49 years$371$207$109$56$28$15
50 years$359$197$103$52$25$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $368,000, adding $3,753 every year, while hoping to spend $22,191 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: 66/5/29 Blend
44$368,000$368,000$368,000$368,000
45$409,407$389,903$384,199$433,063
46$427,556$385,397$373,459$444,992
47$446,812$379,927$361,615$455,219
48$467,264$373,422$348,607$465,916
49$489,012$365,806$334,372$477,131
50$512,162$357,001$318,844$488,917
51$536,831$346,922$301,954$501,335
52$563,147$335,481$283,629$514,453
53$591,252$322,584$263,795$528,344
54$621,300$308,131$242,372$543,093
55$653,459$292,016$219,278$558,792
56$687,916$274,128$194,427$575,545
57$724,873$254,350$167,730$593,466
58$764,553$232,556$139,092$612,683
59$807,202$208,616$108,416$633,338
60$853,087$182,389$75,599$655,589
61$902,505$153,729$40,535$679,610
62$955,779$122,480$3,111$705,596
63$1,013,266$88,479$0$733,763
64$1,075,356$51,551$0$775,744
65$1,142,479$11,514$0$822,178
66$1,215,108$0$0$872,435
67$1,293,763$0$0$928,631
68$1,379,014$0$0$990,246
69$1,471,488$0$0$1,057,104
70$1,571,878$0$0$1,129,705
71$1,680,942$0$0$1,208,603
72$1,799,515$0$0$1,294,403
73$1,928,516$0$0$1,387,774
74$2,068,958$0$0$1,489,452
75$2,221,952$0$0$1,600,244
76$2,388,724$0$0$1,721,042
77$2,570,620$0$0$1,852,825
78$2,769,125$0$0$1,996,670
79$2,985,870$0$0$2,153,767
80$3,222,654$0$0$2,325,420
81$3,481,455$0$0$2,513,069
82$3,764,451$0$0$2,718,297
83$4,074,042$0$0$2,942,849
84$4,412,867$0$0$3,188,645
85$4,783,836$0$0$3,457,799
86$5,190,151$0$0$3,752,640
87$5,635,338$0$0$4,075,732
88$6,123,282$0$0$4,429,900
89$6,658,260$0$0$4,818,255
90$7,244,984$0$0$5,244,221
91$7,888,642$0$0$5,711,572
92$8,594,950$0$0$6,224,466
93$9,370,204$0$0$6,787,479
94$10,221,339$0$0$7,405,655
95$11,155,995$0$0$8,084,550
96$12,182,585$0$0$8,830,283
97$13,310,381$0$0$9,649,595
98$14,549,596$0$0$10,549,914
99$15,911,479$0$0$11,539,422
100$17,408,425$0$0$12,627,132