Can I retire at age 45 with 406,000?

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 $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%12.4%
1 years$33,527$33,228$32,937$32,653$32,375$32,050
2 years$16,598$16,288$15,989$15,698$15,417$15,090
3 years$10,955$10,645$10,346$10,058$9,781$9,462
4 years$8,134$7,825$7,529$7,246$6,976$6,667
5 years$6,443$6,135$5,843$5,566$5,303$5,005
6 years$5,315$5,010$4,722$4,451$4,196$3,910
7 years$4,510$4,207$3,924$3,659$3,413$3,138
8 years$3,906$3,606$3,328$3,070$2,831$2,568
9 years$3,437$3,140$2,866$2,615$2,384$2,133
10 years$3,062$2,768$2,499$2,254$2,031$1,791
11 years$2,755$2,464$2,200$1,962$1,747$1,518
12 years$2,500$2,211$1,952$1,721$1,514$1,296
13 years$2,284$1,998$1,744$1,519$1,320$1,113
14 years$2,099$1,817$1,567$1,348$1,157$961
15 years$1,939$1,659$1,415$1,203$1,019$832
16 years$1,799$1,523$1,283$1,077$901$724
17 years$1,675$1,402$1,167$967$799$631
18 years$1,566$1,296$1,066$872$710$552
19 years$1,468$1,201$976$788$633$484
20 years$1,380$1,116$895$714$565$425
21 years$1,300$1,039$824$648$506$373
22 years$1,228$970$759$589$453$329
23 years$1,162$907$701$536$407$290
24 years$1,102$850$648$489$366$256
25 years$1,047$798$600$447$329$226
26 years$996$750$557$408$297$200
27 years$949$706$517$374$267$177
28 years$905$665$481$342$241$157
29 years$864$627$447$314$218$139
30 years$826$592$417$288$197$123
31 years$791$560$388$265$178$109
32 years$758$530$362$243$161$97
33 years$727$502$338$224$146$86
34 years$698$476$316$206$132$76
35 years$671$451$296$189$119$68
36 years$645$428$277$175$108$60
37 years$620$407$259$161$98$53
38 years$597$387$242$148$89$47
39 years$576$368$227$137$81$42
40 years$555$350$213$126$73$37
41 years$535$333$200$116$66$33
42 years$517$317$187$107$60$30
43 years$499$302$176$99$55$26
44 years$482$288$165$91$50$23
45 years$466$275$155$84$45$21
46 years$451$262$145$78$41$18
47 years$436$250$137$72$37$16
48 years$423$239$128$67$34$15
49 years$409$228$121$62$31$13
50 years$396$218$113$57$28$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $406,000, adding $4,474 every year, while hoping to spend $24,886 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: 51/27/22 Blend
44$406,000$406,000$406,000$406,000
45$452,027$430,509$424,216$472,100
46$471,655$425,125$411,949$481,076
47$492,451$418,644$398,436$487,916
48$514,509$410,985$383,611$494,835
49$537,928$402,062$367,402$501,849
50$562,821$391,788$349,734$508,978
51$589,309$380,065$330,530$516,247
52$617,524$366,794$309,709$523,683
53$647,613$351,869$287,185$531,318
54$679,734$335,175$262,871$539,189
55$714,063$316,595$236,673$547,342
56$750,791$296,002$208,495$555,824
57$790,128$273,262$178,236$564,694
58$832,304$248,235$145,790$574,017
59$877,572$220,771$111,046$583,868
60$926,209$190,713$73,891$594,333
61$978,519$157,895$34,203$605,507
62$1,034,837$122,141$0$617,500
63$1,095,529$83,264$0$632,350
64$1,160,999$41,070$0$656,976
65$1,231,689$0$0$683,530
66$1,308,085$0$0$713,606
67$1,390,724$0$0$759,371
68$1,480,191$0$0$808,953
69$1,577,135$0$0$862,714
70$1,682,264$0$0$921,054
71$1,796,360$0$0$984,409
72$1,920,284$0$0$1,053,263
73$2,054,979$0$0$1,128,147
74$2,201,487$0$0$1,209,643
75$2,360,951$0$0$1,298,394
76$2,534,629$0$0$1,395,107
77$2,723,908$0$0$1,500,559
78$2,930,312$0$0$1,615,607
79$3,155,519$0$0$1,741,192
80$3,401,376$0$0$1,878,352
81$3,669,917$0$0$2,028,229
82$3,963,378$0$0$2,192,079
83$4,284,226$0$0$2,371,286
84$4,635,172$0$0$2,567,373
85$5,019,204$0$0$2,782,020
86$5,439,612$0$0$3,017,073
87$5,900,018$0$0$3,274,568
88$6,404,410$0$0$3,556,743
89$6,957,182$0$0$3,866,068
90$7,563,172$0$0$4,205,260
91$8,227,708$0$0$4,577,313
92$8,956,659$0$0$4,985,523
93$9,756,489$0$0$5,433,522
94$10,634,319$0$0$5,925,311
95$11,597,991$0$0$6,465,295
96$12,656,146$0$0$7,058,329
97$13,818,300$0$0$7,709,761
98$15,094,937$0$0$8,425,480
99$16,497,607$0$0$9,211,976
100$18,039,034$0$0$10,076,398