Can I retire at age 45 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$30,637$30,364$30,098$29,838$29,584$28,512
2 years$15,167$14,884$14,611$14,345$14,088$13,019
3 years$10,011$9,727$9,454$9,191$8,938$7,907
4 years$7,433$7,150$6,880$6,622$6,375$5,388
5 years$5,887$5,606$5,339$5,086$4,846$3,908
6 years$4,857$4,578$4,315$4,067$3,834$2,945
7 years$4,121$3,844$3,586$3,344$3,118$2,277
8 years$3,569$3,295$3,041$2,805$2,587$1,793
9 years$3,141$2,869$2,619$2,389$2,179$1,431
10 years$2,798$2,529$2,283$2,060$1,856$1,154
11 years$2,518$2,251$2,010$1,793$1,596$938
12 years$2,284$2,021$1,784$1,572$1,383$767
13 years$2,087$1,826$1,594$1,388$1,206$630
14 years$1,918$1,660$1,432$1,232$1,058$520
15 years$1,772$1,516$1,293$1,099$931$430
16 years$1,644$1,391$1,172$984$823$357
17 years$1,531$1,281$1,067$884$730$297
18 years$1,431$1,184$974$797$649$247
19 years$1,341$1,097$892$720$578$206
20 years$1,261$1,020$818$652$517$172
21 years$1,188$950$753$592$462$144
22 years$1,122$887$694$538$414$121
23 years$1,062$829$640$490$372$101
24 years$1,007$777$592$447$334$85
25 years$956$729$549$408$301$71
26 years$910$685$509$373$271$59
27 years$867$645$472$342$244$50
28 years$827$608$439$313$220$42
29 years$790$573$409$287$199$35
30 years$755$541$381$263$180$29
31 years$723$512$355$242$163$25
32 years$693$484$331$222$147$21
33 years$664$459$309$204$133$17
34 years$638$435$289$188$121$15
35 years$613$412$270$173$109$12
36 years$589$391$253$159$99$10
37 years$567$372$236$147$90$9
38 years$546$353$221$135$81$7
39 years$526$336$207$125$74$6
40 years$507$320$194$115$67$5
41 years$489$304$182$106$61$4
42 years$472$290$171$98$55$4
43 years$456$276$161$91$50$3
44 years$441$263$151$84$45$3
45 years$426$251$141$77$41$2
46 years$412$239$133$71$37$2
47 years$399$228$125$66$34$2
48 years$386$218$117$61$31$1
49 years$374$208$110$56$28$1
50 years$362$199$104$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $371,000, adding $5,122 every year, while hoping to spend $27,157 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: 46/47/7 Blend
44$371,000$371,000$371,000$371,000
45$414,125$394,462$388,712$432,150
46$427,471$384,896$372,839$435,521
47$441,268$373,951$355,524$435,932
48$455,534$361,531$336,690$435,745
49$470,286$347,533$316,257$434,914
50$485,544$331,851$294,140$433,389
51$501,328$314,370$270,252$431,118
52$517,659$294,970$244,501$428,045
53$534,559$273,523$216,791$424,113
54$552,052$249,894$187,022$419,259
55$570,163$223,940$155,089$413,418
56$588,918$195,512$120,883$406,521
57$608,345$164,449$84,290$398,497
58$628,474$130,584$45,191$389,268
59$649,335$93,739$3,461$378,754
60$670,961$53,727$0$366,869
61$693,389$10,349$0$356,593
62$716,654$0$0$345,237
63$740,798$0$0$351,387
64$765,862$0$0$363,332
65$791,892$0$0$375,743
66$818,937$0$0$388,643
67$847,048$0$0$402,058
68$876,280$0$0$416,016
69$906,693$0$0$430,545
70$938,350$0$0$445,677
71$971,321$0$0$461,446
72$1,005,679$0$0$477,888
73$1,041,502$0$0$495,042
74$1,078,876$0$0$512,951
75$1,117,894$0$0$531,661
76$1,158,654$0$0$551,219
77$1,201,264$0$0$571,681
78$1,245,839$0$0$593,104
79$1,292,506$0$0$615,549
80$1,341,400$0$0$639,085
81$1,392,668$0$0$663,786
82$1,446,470$0$0$689,731
83$1,502,981$0$0$717,006
84$1,562,388$0$0$745,707
85$1,624,897$0$0$775,936
86$1,690,731$0$0$807,804
87$1,760,133$0$0$841,434
88$1,833,368$0$0$876,957
89$1,910,724$0$0$914,520
90$1,992,517$0$0$954,279
91$2,079,090$0$0$996,408
92$2,170,819$0$0$1,041,095
93$2,268,113$0$0$1,088,546
94$2,371,421$0$0$1,138,987
95$2,481,234$0$0$1,192,665
96$2,598,087$0$0$1,249,848
97$2,722,567$0$0$1,310,834
98$2,855,319$0$0$1,375,946
99$2,997,044$0$0$1,445,538
100$3,148,517$0$0$1,520,000