Can I retire at age 45 with 393,000?

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 $393,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$32,454$32,164$31,882$31,607$31,338$30,832
2 years$16,066$15,767$15,477$15,196$14,923$14,414
3 years$10,604$10,304$10,015$9,736$9,468$8,972
4 years$7,874$7,574$7,288$7,014$6,753$6,274
5 years$6,236$5,938$5,656$5,388$5,133$4,674
6 years$5,145$4,849$4,571$4,309$4,062$3,621
7 years$4,365$4,072$3,798$3,542$3,303$2,882
8 years$3,781$3,491$3,221$2,972$2,740$2,339
9 years$3,327$3,039$2,774$2,531$2,308$1,925
10 years$2,964$2,679$2,419$2,182$1,966$1,602
11 years$2,667$2,385$2,130$1,899$1,691$1,345
12 years$2,420$2,141$1,890$1,666$1,465$1,138
13 years$2,211$1,934$1,688$1,470$1,278$967
14 years$2,032$1,758$1,517$1,305$1,120$827
15 years$1,877$1,606$1,370$1,164$986$709
16 years$1,741$1,474$1,242$1,042$872$610
17 years$1,622$1,357$1,130$937$773$527
18 years$1,516$1,254$1,032$844$687$455
19 years$1,421$1,162$944$763$613$395
20 years$1,336$1,080$867$691$547$343
21 years$1,259$1,006$797$627$490$298
22 years$1,189$939$735$570$439$259
23 years$1,125$878$678$519$394$226
24 years$1,067$823$627$473$354$197
25 years$1,013$772$581$432$319$172
26 years$964$726$539$395$287$150
27 years$918$683$500$362$259$132
28 years$876$644$465$332$234$115
29 years$837$607$433$304$211$101
30 years$800$573$403$279$191$88
31 years$766$542$376$256$172$77
32 years$734$513$351$235$156$68
33 years$704$486$328$217$141$59
34 years$676$460$306$199$128$52
35 years$649$437$286$183$116$46
36 years$624$414$268$169$105$40
37 years$601$394$251$156$95$35
38 years$578$374$235$143$86$31
39 years$557$356$220$132$78$27
40 years$537$338$206$122$71$24
41 years$518$322$193$113$64$21
42 years$500$307$181$104$58$18
43 years$483$292$170$96$53$16
44 years$467$279$160$89$48$14
45 years$451$266$150$82$44$12
46 years$437$254$141$76$40$11
47 years$422$242$132$70$36$9
48 years$409$231$124$64$33$8
49 years$396$221$117$60$30$7
50 years$384$211$110$55$27$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $393,000, adding $6,123 every year, while hoping to spend $28,287 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: 48/24/28 Blend
44$393,000$393,000$393,000$393,000
45$439,402$418,573$412,481$456,727
46$454,124$408,986$396,202$459,942
47$469,399$397,981$378,430$460,175
48$485,255$385,459$359,084$459,880
49$501,719$371,314$338,082$459,021
50$518,822$355,436$315,335$457,561
51$536,596$337,707$290,753$455,461
52$555,076$318,002$264,241$452,680
53$574,299$296,190$235,698$449,178
54$594,305$272,130$205,021$444,908
55$615,136$245,677$172,102$439,826
56$636,839$216,674$136,826$433,884
57$659,463$184,957$99,076$427,033
58$683,061$150,353$58,728$419,221
59$707,691$112,678$15,652$410,395
60$733,413$71,737$0$400,500
61$760,296$27,327$0$398,537
62$788,412$0$0$400,969
63$817,838$0$0$408,584
64$848,659$0$0$424,131
65$880,967$0$0$440,440
66$914,861$0$0$457,564
67$950,450$0$0$475,558
68$987,851$0$0$494,485
69$1,027,190$0$0$514,411
70$1,068,608$0$0$535,408
71$1,112,254$0$0$557,555
72$1,158,294$0$0$580,938
73$1,206,907$0$0$605,652
74$1,258,287$0$0$631,799
75$1,312,649$0$0$659,490
76$1,370,226$0$0$688,848
77$1,431,271$0$0$720,006
78$1,496,064$0$0$753,111
79$1,564,907$0$0$788,321
80$1,638,135$0$0$825,813
81$1,716,110$0$0$865,777
82$1,799,232$0$0$908,423
83$1,887,936$0$0$953,980
84$1,982,702$0$0$1,002,700
85$2,084,052$0$0$1,054,860
86$2,192,563$0$0$1,110,761
87$2,308,864$0$0$1,170,735
88$2,433,646$0$0$1,235,147
89$2,567,669$0$0$1,304,397
90$2,711,764$0$0$1,378,923
91$2,866,846$0$0$1,459,207
92$3,033,918$0$0$1,545,778
93$3,214,083$0$0$1,639,219
94$3,408,553$0$0$1,740,167
95$3,618,657$0$0$1,849,325
96$3,845,859$0$0$1,967,464
97$4,091,765$0$0$2,095,433
98$4,358,143$0$0$2,234,165
99$4,646,935$0$0$2,384,684
100$4,960,279$0$0$2,548,120