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%17.2%
1 years$30,637$30,364$30,098$29,838$29,584$28,718
2 years$15,167$14,884$14,611$14,345$14,088$13,222
3 years$10,011$9,727$9,454$9,191$8,938$8,100
4 years$7,433$7,150$6,880$6,622$6,375$5,570
5 years$5,887$5,606$5,339$5,086$4,846$4,078
6 years$4,857$4,578$4,315$4,067$3,834$3,103
7 years$4,121$3,844$3,586$3,344$3,118$2,424
8 years$3,569$3,295$3,041$2,805$2,587$1,930
9 years$3,141$2,869$2,619$2,389$2,179$1,557
10 years$2,798$2,529$2,283$2,060$1,856$1,270
11 years$2,518$2,251$2,010$1,793$1,596$1,044
12 years$2,284$2,021$1,784$1,572$1,383$864
13 years$2,087$1,826$1,594$1,388$1,206$719
14 years$1,918$1,660$1,432$1,232$1,058$601
15 years$1,772$1,516$1,293$1,099$931$503
16 years$1,644$1,391$1,172$984$823$423
17 years$1,531$1,281$1,067$884$730$357
18 years$1,431$1,184$974$797$649$301
19 years$1,341$1,097$892$720$578$255
20 years$1,261$1,020$818$652$517$216
21 years$1,188$950$753$592$462$183
22 years$1,122$887$694$538$414$155
23 years$1,062$829$640$490$372$132
24 years$1,007$777$592$447$334$112
25 years$956$729$549$408$301$95
26 years$910$685$509$373$271$81
27 years$867$645$472$342$244$69
28 years$827$608$439$313$220$59
29 years$790$573$409$287$199$50
30 years$755$541$381$263$180$43
31 years$723$512$355$242$163$36
32 years$693$484$331$222$147$31
33 years$664$459$309$204$133$26
34 years$638$435$289$188$121$22
35 years$613$412$270$173$109$19
36 years$589$391$253$159$99$16
37 years$567$372$236$147$90$14
38 years$546$353$221$135$81$12
39 years$526$336$207$125$74$10
40 years$507$320$194$115$67$9
41 years$489$304$182$106$61$7
42 years$472$290$171$98$55$6
43 years$456$276$161$91$50$5
44 years$441$263$151$84$45$5
45 years$426$251$141$77$41$4
46 years$412$239$133$71$37$3
47 years$399$228$125$66$34$3
48 years$386$218$117$61$31$2
49 years$374$208$110$56$28$2
50 years$362$199$104$52$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $371,000, adding $4,631 every year, while hoping to spend $26,717 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: 69/11/20 Blend
44$371,000$371,000$371,000$371,000
45$413,619$393,956$388,205$439,814
46$427,381$384,833$372,784$448,777
47$441,652$374,368$355,950$455,015
48$456,455$362,466$337,628$461,186
49$471,815$349,028$317,740$467,283
50$487,759$333,949$296,203$473,295
51$504,315$317,118$272,931$479,216
52$521,514$298,416$247,834$485,034
53$539,390$277,719$220,817$490,743
54$557,976$254,896$191,783$496,332
55$577,310$229,806$160,628$501,793
56$597,432$202,304$127,246$507,118
57$618,386$172,233$91,525$512,298
58$640,218$139,428$53,347$517,326
59$662,978$103,717$12,591$522,194
60$686,718$64,917$0$526,896
61$711,499$22,832$0$538,021
62$737,380$0$0$552,265
63$764,431$0$0$569,718
64$792,724$0$0$590,868
65$822,338$0$0$613,011
66$853,359$0$0$636,211
67$885,878$0$0$660,539
68$919,998$0$0$686,071
69$955,825$0$0$712,889
70$993,480$0$0$741,084
71$1,033,090$0$0$770,751
72$1,074,797$0$0$801,998
73$1,118,752$0$0$834,940
74$1,165,122$0$0$869,703
75$1,214,087$0$0$906,424
76$1,265,846$0$0$945,253
77$1,320,614$0$0$986,353
78$1,378,626$0$0$1,029,903
79$1,440,139$0$0$1,076,098
80$1,505,435$0$0$1,125,150
81$1,574,821$0$0$1,177,294
82$1,648,633$0$0$1,232,784
83$1,727,239$0$0$1,291,899
84$1,811,042$0$0$1,354,945
85$1,900,483$0$0$1,422,257
86$1,996,046$0$0$1,494,202
87$2,098,259$0$0$1,571,181
88$2,207,705$0$0$1,653,636
89$2,325,021$0$0$1,742,051
90$2,450,904$0$0$1,836,956
91$2,586,123$0$0$1,938,934
92$2,731,519$0$0$2,048,624
93$2,888,015$0$0$2,166,727
94$3,056,628$0$0$2,294,015
95$3,238,472$0$0$2,431,334
96$3,434,770$0$0$2,579,615
97$3,646,869$0$0$2,739,880
98$3,876,248$0$0$2,913,251
99$4,124,531$0$0$3,100,964
100$4,393,505$0$0$3,304,376