Can I retire at age 45 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$33,610$33,310$33,018$32,733$32,455$31,328
2 years$16,638$16,329$16,028$15,737$15,455$14,331
3 years$10,982$10,671$10,371$10,083$9,805$8,720
4 years$8,155$7,844$7,548$7,264$6,993$5,955
5 years$6,458$6,150$5,857$5,580$5,316$4,327
6 years$5,328$5,022$4,734$4,462$4,206$3,268
7 years$4,521$4,217$3,934$3,668$3,421$2,533
8 years$3,916$3,615$3,336$3,077$2,838$1,999
9 years$3,446$3,148$2,873$2,621$2,390$1,600
10 years$3,069$2,774$2,505$2,260$2,036$1,293
11 years$2,762$2,470$2,205$1,966$1,751$1,054
12 years$2,506$2,217$1,957$1,725$1,518$864
13 years$2,289$2,003$1,749$1,523$1,323$712
14 years$2,104$1,821$1,571$1,352$1,160$589
15 years$1,943$1,664$1,419$1,206$1,021$489
16 years$1,803$1,526$1,286$1,079$903$407
17 years$1,679$1,406$1,170$970$800$339
18 years$1,570$1,299$1,068$874$712$284
19 years$1,471$1,204$978$790$634$237
20 years$1,383$1,119$898$715$567$199
21 years$1,304$1,042$826$649$507$167
22 years$1,231$973$761$590$455$140
23 years$1,165$910$703$538$408$118
24 years$1,105$852$650$490$367$99
25 years$1,049$800$602$448$330$83
26 years$998$752$558$409$297$70
27 years$951$707$518$375$268$59
28 years$907$667$482$343$242$50
29 years$866$629$448$315$218$42
30 years$828$594$418$289$197$35
31 years$793$561$389$265$178$30
32 years$760$531$363$244$161$25
33 years$729$503$339$224$146$21
34 years$700$477$317$206$132$18
35 years$672$452$296$190$120$15
36 years$646$429$277$175$108$13
37 years$622$408$259$161$98$11
38 years$599$387$243$149$89$9
39 years$577$368$228$137$81$8
40 years$556$351$213$126$73$6
41 years$537$334$200$117$67$5
42 years$518$318$188$108$60$5
43 years$500$303$176$99$55$4
44 years$484$289$165$92$50$3
45 years$467$275$155$85$45$3
46 years$452$263$146$78$41$2
47 years$438$251$137$72$37$2
48 years$424$239$129$67$34$2
49 years$410$228$121$62$31$1
50 years$397$218$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $407,000, adding $5,580 every year, while hoping to spend $23,066 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: 81/5/14 Blend
44$407,000$407,000$407,000$407,000
45$454,270$432,699$426,390$489,363
46$476,063$429,359$416,132$509,877
47$499,307$425,082$404,758$528,823
48$524,123$419,799$392,204$548,953
49$550,649$413,434$378,408$570,374
50$579,031$405,909$363,301$593,205
51$609,434$397,140$346,813$617,576
52$642,035$387,038$328,870$643,631
53$677,030$375,510$309,394$671,529
54$714,633$362,457$288,306$701,445
55$755,082$347,773$265,520$733,572
56$798,634$331,348$240,949$768,123
57$845,575$313,064$214,501$805,332
58$896,216$292,797$186,079$845,458
59$950,901$270,415$155,584$888,785
60$1,010,007$245,779$122,910$935,628
61$1,073,948$218,743$87,948$986,333
62$1,143,180$189,150$50,583$1,041,284
63$1,218,204$156,838$10,698$1,100,900
64$1,299,571$121,633$0$1,165,647
65$1,387,886$83,352$0$1,240,797
66$1,483,816$41,802$0$1,324,170
67$1,588,093$0$0$1,414,809
68$1,701,523$0$0$1,513,600
69$1,824,994$0$0$1,623,648
70$1,959,482$0$0$1,743,525
71$2,106,059$0$0$1,874,188
72$2,265,909$0$0$2,016,693
73$2,440,332$0$0$2,172,201
74$2,630,760$0$0$2,341,989
75$2,838,770$0$0$2,527,465
76$3,066,096$0$0$2,730,177
77$3,314,650$0$0$2,951,830
78$3,586,534$0$0$3,194,302
79$3,884,064$0$0$3,459,660
80$4,209,791$0$0$3,750,179
81$4,566,523$0$0$4,068,367
82$4,957,353$0$0$4,416,984
83$5,385,687$0$0$4,799,070
84$5,855,275$0$0$5,217,972
85$6,370,249$0$0$5,677,378
86$6,935,159$0$0$6,181,350
87$7,555,016$0$0$6,734,360
88$8,235,343$0$0$7,341,337
89$8,982,218$0$0$8,007,707
90$9,802,341$0$0$8,739,450
91$10,703,090$0$0$9,543,152
92$11,692,595$0$0$10,426,069
93$12,779,810$0$0$11,396,193
94$13,974,599$0$0$12,462,329
95$15,287,832$0$0$13,634,179
96$16,731,480$0$0$14,922,429
97$18,318,736$0$0$16,338,854
98$20,064,132$0$0$17,896,425
99$21,983,680$0$0$19,609,436
100$24,095,022$0$0$21,493,633