Can I retire at age 45 with 394,000?

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 $394,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$32,536$32,246$31,964$31,688$31,418$30,340
2 years$16,107$15,807$15,516$15,234$14,961$13,885
3 years$10,631$10,330$10,040$9,761$9,492$8,453
4 years$7,894$7,594$7,307$7,032$6,770$5,775
5 years$6,252$5,954$5,670$5,401$5,146$4,199
6 years$5,158$4,862$4,582$4,320$4,072$3,173
7 years$4,377$4,083$3,808$3,551$3,312$2,461
8 years$3,791$3,500$3,229$2,979$2,747$1,943
9 years$3,335$3,047$2,782$2,538$2,314$1,556
10 years$2,971$2,686$2,425$2,187$1,971$1,259
11 years$2,674$2,391$2,135$1,904$1,695$1,026
12 years$2,426$2,146$1,895$1,670$1,469$842
13 years$2,216$1,939$1,693$1,474$1,281$694
14 years$2,037$1,763$1,521$1,309$1,123$575
15 years$1,881$1,610$1,373$1,167$989$477
16 years$1,746$1,478$1,245$1,045$874$398
17 years$1,626$1,361$1,133$939$775$332
18 years$1,520$1,257$1,034$846$689$277
19 years$1,424$1,165$947$765$614$232
20 years$1,339$1,083$869$692$549$195
21 years$1,262$1,009$799$628$491$164
22 years$1,192$942$737$571$440$137
23 years$1,128$881$680$520$395$115
24 years$1,069$825$629$475$355$97
25 years$1,016$774$583$433$319$82
26 years$966$728$540$396$288$69
27 years$921$685$502$363$259$58
28 years$878$645$466$332$234$49
29 years$839$609$434$305$211$41
30 years$802$575$404$280$191$35
31 years$768$544$377$257$173$29
32 years$736$514$352$236$156$25
33 years$706$487$328$217$141$21
34 years$677$462$307$200$128$18
35 years$651$438$287$184$116$15
36 years$626$416$268$169$105$12
37 years$602$395$251$156$95$11
38 years$580$375$235$144$86$9
39 years$559$357$220$133$78$7
40 years$539$339$207$122$71$6
41 years$520$323$194$113$64$5
42 years$502$308$182$104$58$5
43 years$484$293$170$96$53$4
44 years$468$279$160$89$48$3
45 years$453$266$150$82$44$3
46 years$438$254$141$76$40$2
47 years$424$243$133$70$36$2
48 years$410$232$125$65$33$2
49 years$397$221$117$60$30$1
50 years$385$211$110$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $394,000, adding $6,750 every year, while hoping to spend $23,736 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: 63/7/30 Blend
44$394,000$394,000$394,000$394,000
45$441,151$420,269$414,162$465,003
46$460,893$415,607$402,781$477,343
47$481,854$409,921$390,224$487,646
48$504,132$403,136$376,425$498,400
49$527,836$395,172$361,318$509,654
50$553,084$385,945$344,832$521,462
51$580,008$375,365$326,892$533,885
52$608,748$363,338$307,423$546,991
53$639,462$349,763$286,343$560,856
54$672,321$334,535$263,569$575,566
55$707,511$317,541$239,012$591,215
56$745,239$298,662$212,581$607,909
57$785,731$277,774$184,180$625,765
58$829,234$254,743$153,708$644,915
59$876,019$229,429$121,061$665,505
60$926,387$201,685$86,130$687,698
61$980,663$171,353$48,801$711,675
62$1,039,210$138,268$8,954$737,636
63$1,102,421$102,255$0$765,805
64$1,170,732$63,129$0$807,175
65$1,244,621$20,696$0$855,034
66$1,324,612$0$0$906,861
67$1,411,282$0$0$964,987
68$1,505,268$0$0$1,029,771
69$1,607,266$0$0$1,100,103
70$1,718,044$0$0$1,176,515
71$1,838,447$0$0$1,259,594
72$1,969,404$0$0$1,349,984
73$2,111,937$0$0$1,448,394
74$2,267,170$0$0$1,555,605
75$2,436,341$0$0$1,672,474
76$2,620,812$0$0$1,799,947
77$2,822,082$0$0$1,939,064
78$3,041,801$0$0$2,090,969
79$3,281,784$0$0$2,256,924
80$3,544,033$0$0$2,438,316
81$3,830,747$0$0$2,636,672
82$4,144,350$0$0$2,853,674
83$4,487,512$0$0$3,091,175
84$4,863,170$0$0$3,351,212
85$5,274,559$0$0$3,636,033
86$5,725,244$0$0$3,948,110
87$6,219,148$0$0$4,290,167
88$6,760,593$0$0$4,665,203
89$7,354,338$0$0$5,076,522
90$8,005,627$0$0$5,527,763
91$8,720,234$0$0$6,022,934
92$9,504,518$0$0$6,566,449
93$10,365,487$0$0$7,163,172
94$11,310,856$0$0$7,818,460
95$12,349,128$0$0$8,538,213
96$13,489,668$0$0$9,328,932
97$14,742,792$0$0$10,197,779
98$16,119,866$0$0$11,152,643
99$17,633,410$0$0$12,202,217
100$19,297,220$0$0$13,356,074