Can I retire at age 45 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$32,288$32,001$31,720$31,446$31,179$30,625
2 years$15,984$15,687$15,398$15,118$14,847$14,291
3 years$10,550$10,251$9,964$9,687$9,420$8,878
4 years$7,834$7,536$7,251$6,979$6,718$6,196
5 years$6,204$5,908$5,627$5,360$5,107$4,606
6 years$5,119$4,825$4,547$4,287$4,041$3,561
7 years$4,343$4,052$3,779$3,524$3,286$2,828
8 years$3,762$3,473$3,205$2,956$2,726$2,289
9 years$3,310$3,024$2,760$2,518$2,296$1,880
10 years$2,949$2,665$2,407$2,171$1,956$1,561
11 years$2,653$2,373$2,119$1,889$1,683$1,307
12 years$2,407$2,130$1,880$1,657$1,458$1,102
13 years$2,199$1,925$1,680$1,463$1,271$935
14 years$2,021$1,749$1,509$1,299$1,115$797
15 years$1,867$1,598$1,363$1,158$981$682
16 years$1,732$1,466$1,236$1,037$867$585
17 years$1,613$1,350$1,124$932$769$503
18 years$1,508$1,248$1,026$840$684$434
19 years$1,414$1,156$940$759$609$375
20 years$1,329$1,075$862$687$544$325
21 years$1,252$1,001$793$624$487$282
22 years$1,183$934$731$567$437$244
23 years$1,119$874$675$516$392$212
24 years$1,061$819$624$471$352$185
25 years$1,008$768$578$430$317$161
26 years$959$722$536$393$286$140
27 years$914$680$498$360$257$122
28 years$871$640$463$330$232$106
29 years$832$604$431$302$210$93
30 years$796$571$401$278$190$81
31 years$762$539$374$255$171$71
32 years$730$510$349$234$155$62
33 years$700$483$326$215$140$54
34 years$672$458$304$198$127$47
35 years$646$434$285$182$115$41
36 years$621$412$266$168$104$36
37 years$598$392$249$155$94$31
38 years$575$372$233$143$86$27
39 years$554$354$219$132$78$24
40 years$535$337$205$121$70$21
41 years$516$321$192$112$64$18
42 years$498$305$180$103$58$16
43 years$481$291$169$95$53$14
44 years$465$277$159$88$48$12
45 years$449$264$149$81$43$11
46 years$434$252$140$75$39$9
47 years$420$241$132$69$36$8
48 years$407$230$124$64$32$7
49 years$394$219$116$59$29$6
50 years$382$210$109$55$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $391,000, adding $3,481 every year, while hoping to spend $25,295 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: 29/45/26 Blend
44$391,000$391,000$391,000$391,000
45$434,473$413,750$407,689$443,493
46$451,875$407,110$394,433$444,198
47$470,205$399,297$379,885$442,510
48$489,530$390,226$363,975$440,182
49$509,924$379,809$346,630$437,176
50$531,468$367,952$327,774$433,453
51$554,249$354,553$307,326$428,972
52$578,365$339,508$285,204$423,692
53$603,918$322,704$261,319$417,570
54$631,025$304,024$235,580$410,562
55$659,811$283,342$207,893$402,624
56$690,412$260,526$178,157$393,710
57$722,978$235,436$146,270$383,775
58$757,673$207,924$112,121$372,772
59$794,677$177,833$75,599$360,654
60$834,187$145,000$36,584$347,374
61$876,418$109,249$0$332,887
62$921,606$70,396$0$318,546
63$970,012$28,247$0$313,829
64$1,021,918$0$0$308,569
65$1,077,638$0$0$311,380
66$1,137,512$0$0$329,475
67$1,201,917$0$0$348,985
68$1,271,266$0$0$370,041
69$1,346,010$0$0$392,786
70$1,426,649$0$0$417,379
71$1,513,728$0$0$443,994
72$1,607,848$0$0$472,820
73$1,709,670$0$0$504,068
74$1,819,918$0$0$537,969
75$1,939,392$0$0$574,776
76$2,068,969$0$0$614,768
77$2,209,612$0$0$658,252
78$2,362,384$0$0$705,566
79$2,528,451$0$0$757,082
80$2,709,098$0$0$813,208
81$2,905,737$0$0$874,394
82$3,119,924$0$0$941,136
83$3,353,368$0$0$1,013,978
84$3,607,953$0$0$1,093,521
85$3,885,750$0$0$1,180,425
86$4,189,041$0$0$1,275,417
87$4,520,336$0$0$1,379,298
88$4,882,400$0$0$1,492,949
89$5,278,276$0$0$1,617,341
90$5,711,313$0$0$1,753,542
91$6,185,203$0$0$1,902,729
92$6,704,006$0$0$2,066,199
93$7,272,196$0$0$2,245,379
94$7,894,699$0$0$2,441,841
95$8,576,941$0$0$2,657,316
96$9,324,897$0$0$2,893,711
97$10,145,148$0$0$3,153,127
98$11,044,940$0$0$3,437,877
99$12,032,259$0$0$3,750,511
100$13,115,898$0$0$4,093,835