Can I retire at age 45 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$32,866$32,574$32,288$32,009$31,737$31,550
2 years$16,271$15,968$15,674$15,389$15,113$14,924
3 years$10,739$10,435$10,142$9,860$9,588$9,404
4 years$7,974$7,671$7,381$7,104$6,838$6,660
5 years$6,316$6,014$5,728$5,456$5,198$5,026
6 years$5,210$4,911$4,629$4,363$4,113$3,947
7 years$4,421$4,124$3,847$3,587$3,345$3,185
8 years$3,829$3,535$3,262$3,009$2,775$2,622
9 years$3,369$3,078$2,810$2,563$2,337$2,190
10 years$3,002$2,713$2,450$2,210$1,991$1,851
11 years$2,701$2,415$2,157$1,923$1,713$1,578
12 years$2,451$2,168$1,914$1,687$1,484$1,356
13 years$2,239$1,959$1,710$1,489$1,294$1,172
14 years$2,058$1,781$1,536$1,322$1,134$1,018
15 years$1,901$1,627$1,387$1,179$999$888
16 years$1,763$1,493$1,258$1,056$883$778
17 years$1,642$1,375$1,144$948$783$683
18 years$1,535$1,270$1,045$855$696$601
19 years$1,439$1,177$956$772$620$531
20 years$1,353$1,094$878$699$554$469
21 years$1,275$1,019$807$635$496$416
22 years$1,204$951$744$577$444$369
23 years$1,139$890$687$526$399$328
24 years$1,080$833$635$479$359$291
25 years$1,026$782$589$438$323$259
26 years$976$735$546$400$291$231
27 years$930$692$507$366$262$206
28 years$887$652$471$336$236$184
29 years$847$615$438$308$214$164
30 years$810$581$408$283$193$147
31 years$776$549$381$260$174$131
32 years$743$520$355$238$158$117
33 years$713$492$332$219$143$105
34 years$684$466$310$202$129$94
35 years$657$442$290$186$117$84
36 years$632$420$271$171$106$75
37 years$608$399$254$158$96$67
38 years$586$379$238$145$87$60
39 years$564$360$223$134$79$54
40 years$544$343$209$124$72$49
41 years$525$326$196$114$65$44
42 years$507$311$184$105$59$39
43 years$489$296$172$97$54$35
44 years$473$282$162$90$49$31
45 years$457$269$152$83$44$28
46 years$442$257$143$76$40$25
47 years$428$245$134$71$36$23
48 years$414$234$126$65$33$20
49 years$401$223$118$60$30$18
50 years$389$213$111$56$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $398,000, adding $5,152 every year, while hoping to spend $34,571 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: 46/37/17 Blend
44$398,000$398,000$398,000$398,000
45$443,910$422,816$416,647$461,962
46$452,406$406,751$393,822$459,001
47$460,609$388,740$369,073$451,902
48$468,454$368,651$342,300$443,462
49$475,867$346,345$313,397$433,571
50$482,764$321,674$282,254$422,110
51$489,052$294,483$248,756$408,952
52$494,629$264,606$212,783$393,958
53$499,379$231,870$174,209$376,982
54$503,174$196,090$132,904$357,863
55$505,872$157,072$88,729$336,430
56$507,312$114,610$41,544$312,498
57$507,320$68,488$0$285,866
58$505,698$18,476$0$257,919
59$502,231$0$0$234,969
60$496,675$0$0$223,776
61$488,764$0$0$218,884
62$478,201$0$0$212,619
63$464,657$0$0$204,815
64$447,769$0$0$195,287
65$427,134$0$0$183,828
66$402,305$0$0$170,211
67$372,789$0$0$154,187
68$338,040$0$0$135,476
69$297,454$0$0$113,772
70$250,364$0$0$88,735
71$196,031$0$0$59,990
72$133,641$0$0$27,123
73$62,292$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0