Can I retire at age 45 with 406,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$33,527$33,228$32,937$32,653$32,375$31,164
2 years$16,598$16,288$15,989$15,698$15,417$14,211
3 years$10,955$10,645$10,346$10,058$9,781$8,618
4 years$8,134$7,825$7,529$7,246$6,976$5,864
5 years$6,443$6,135$5,843$5,566$5,303$4,246
6 years$5,315$5,010$4,722$4,451$4,196$3,194
7 years$4,510$4,207$3,924$3,659$3,413$2,466
8 years$3,906$3,606$3,328$3,070$2,831$1,938
9 years$3,437$3,140$2,866$2,615$2,384$1,544
10 years$3,062$2,768$2,499$2,254$2,031$1,243
11 years$2,755$2,464$2,200$1,962$1,747$1,008
12 years$2,500$2,211$1,952$1,721$1,514$823
13 years$2,284$1,998$1,744$1,519$1,320$675
14 years$2,099$1,817$1,567$1,348$1,157$555
15 years$1,939$1,659$1,415$1,203$1,019$459
16 years$1,799$1,523$1,283$1,077$901$380
17 years$1,675$1,402$1,167$967$799$315
18 years$1,566$1,296$1,066$872$710$262
19 years$1,468$1,201$976$788$633$218
20 years$1,380$1,116$895$714$565$182
21 years$1,300$1,039$824$648$506$152
22 years$1,228$970$759$589$453$127
23 years$1,162$907$701$536$407$106
24 years$1,102$850$648$489$366$88
25 years$1,047$798$600$447$329$74
26 years$996$750$557$408$297$62
27 years$949$706$517$374$267$52
28 years$905$665$481$342$241$43
29 years$864$627$447$314$218$36
30 years$826$592$417$288$197$30
31 years$791$560$388$265$178$25
32 years$758$530$362$243$161$21
33 years$727$502$338$224$146$18
34 years$698$476$316$206$132$15
35 years$671$451$296$189$119$13
36 years$645$428$277$175$108$10
37 years$620$407$259$161$98$9
38 years$597$387$242$148$89$7
39 years$576$368$227$137$81$6
40 years$555$350$213$126$73$5
41 years$535$333$200$116$66$4
42 years$517$317$187$107$60$4
43 years$499$302$176$99$55$3
44 years$482$288$165$91$50$3
45 years$466$275$155$84$45$2
46 years$451$262$145$78$41$2
47 years$436$250$137$72$37$2
48 years$423$239$128$67$34$1
49 years$409$228$121$62$31$1
50 years$396$218$113$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $406,000, adding $4,923 every year, while hoping to spend $23,369 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: 26/45/29 Blend
44$406,000$406,000$406,000$406,000
45$452,490$430,972$424,679$460,075
46$473,780$427,225$414,041$462,963
47$496,457$422,512$402,264$463,751
48$520,641$416,759$389,284$464,121
49$546,457$409,891$375,037$464,055
50$574,047$401,828$359,452$463,532
51$603,565$392,482$342,458$462,537
52$635,179$381,764$323,981$461,050
53$669,073$369,577$303,941$459,058
54$705,453$355,820$282,256$456,545
55$744,539$340,385$258,842$453,499
56$786,576$323,158$233,608$449,908
57$831,833$304,019$206,460$445,767
58$880,605$282,841$177,301$441,068
59$933,215$259,489$146,029$435,812
60$990,019$233,820$112,537$430,001
61$1,051,408$205,684$76,714$423,643
62$1,117,812$174,923$38,444$416,750
63$1,189,702$141,367$0$409,344
64$1,267,598$104,841$0$402,191
65$1,352,071$65,156$0$407,331
66$1,443,748$22,114$0$412,939
67$1,543,320$0$0$419,116
68$1,651,546$0$0$438,103
69$1,769,261$0$0$470,725
70$1,897,385$0$0$506,295
71$2,036,928$0$0$545,100
72$2,189,005$0$0$587,460
73$2,354,839$0$0$633,723
74$2,535,779$0$0$684,275
75$2,733,308$0$0$739,539
76$2,949,059$0$0$799,983
77$3,184,832$0$0$866,119
78$3,442,604$0$0$938,515
79$3,724,557$0$0$1,017,792
80$4,033,089$0$0$1,104,638
81$4,370,843$0$0$1,199,807
82$4,740,729$0$0$1,304,132
83$5,145,951$0$0$1,418,529
84$5,590,038$0$0$1,544,009
85$6,076,877$0$0$1,681,682
86$6,610,749$0$0$1,832,774
87$7,196,367$0$0$1,998,633
88$7,838,924$0$0$2,180,745
89$8,544,142$0$0$2,380,749
90$9,318,319$0$0$2,600,445
91$10,168,397$0$0$2,841,822
92$11,102,020$0$0$3,107,068
93$12,127,611$0$0$3,398,593
94$13,254,448$0$0$3,719,053
95$14,492,751$0$0$4,071,376
96$15,853,781$0$0$4,458,784
97$17,349,944$0$0$4,884,830
98$18,994,906$0$0$5,353,426
99$20,803,725$0$0$5,868,886
100$22,792,991$0$0$6,435,959