Can I retire at age 45 with 407,000?

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 $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%16.3%
1 years$33,610$33,310$33,018$32,733$32,455$31,619
2 years$16,638$16,329$16,028$15,737$15,455$14,618
3 years$10,982$10,671$10,371$10,083$9,805$8,994
4 years$8,155$7,844$7,548$7,264$6,993$6,214
5 years$6,458$6,150$5,857$5,580$5,316$4,570
6 years$5,328$5,022$4,734$4,462$4,206$3,495
7 years$4,521$4,217$3,934$3,668$3,421$2,745
8 years$3,916$3,615$3,336$3,077$2,838$2,196
9 years$3,446$3,148$2,873$2,621$2,390$1,782
10 years$3,069$2,774$2,505$2,260$2,036$1,461
11 years$2,762$2,470$2,205$1,966$1,751$1,208
12 years$2,506$2,217$1,957$1,725$1,518$1,006
13 years$2,289$2,003$1,749$1,523$1,323$842
14 years$2,104$1,821$1,571$1,352$1,160$708
15 years$1,943$1,664$1,419$1,206$1,021$597
16 years$1,803$1,526$1,286$1,079$903$505
17 years$1,679$1,406$1,170$970$800$429
18 years$1,570$1,299$1,068$874$712$364
19 years$1,471$1,204$978$790$634$310
20 years$1,383$1,119$898$715$567$264
21 years$1,304$1,042$826$649$507$226
22 years$1,231$973$761$590$455$193
23 years$1,165$910$703$538$408$165
24 years$1,105$852$650$490$367$141
25 years$1,049$800$602$448$330$121
26 years$998$752$558$409$297$104
27 years$951$707$518$375$268$89
28 years$907$667$482$343$242$76
29 years$866$629$448$315$218$65
30 years$828$594$418$289$197$56
31 years$793$561$389$265$178$48
32 years$760$531$363$244$161$41
33 years$729$503$339$224$146$36
34 years$700$477$317$206$132$31
35 years$672$452$296$190$120$26
36 years$646$429$277$175$108$23
37 years$622$408$259$161$98$19
38 years$599$387$243$149$89$17
39 years$577$368$228$137$81$14
40 years$556$351$213$126$73$12
41 years$537$334$200$117$67$11
42 years$518$318$188$108$60$9
43 years$500$303$176$99$55$8
44 years$484$289$165$92$50$7
45 years$467$275$155$85$45$6
46 years$452$263$146$78$41$5
47 years$438$251$137$72$37$4
48 years$424$239$129$67$34$4
49 years$410$228$121$62$31$3
50 years$397$218$114$57$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $407,000, adding $4,216 every year, while hoping to spend $32,358 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: 58/19/23 Blend
44$407,000$407,000$407,000$407,000
45$452,863$431,292$424,983$476,102
46$464,626$417,996$404,792$479,125
47$476,505$402,965$382,839$478,586
48$488,477$386,079$359,032$477,298
49$500,515$367,211$333,274$475,197
50$512,592$346,228$305,463$472,214
51$524,673$322,989$275,492$468,273
52$536,719$297,346$243,251$463,294
53$548,688$269,139$208,623$457,191
54$560,530$238,203$171,488$449,870
55$572,191$204,361$131,719$441,230
56$583,606$167,428$89,184$431,164
57$594,708$127,205$43,746$419,554
58$605,416$83,486$0$406,276
59$615,644$36,052$0$392,357
60$625,291$0$0$388,021
61$634,248$0$0$385,604
62$642,392$0$0$390,186
63$649,585$0$0$394,141
64$655,675$0$0$397,370
65$660,491$0$0$399,764
66$663,842$0$0$401,201
67$665,519$0$0$401,545
68$665,287$0$0$400,646
69$662,886$0$0$398,337
70$658,026$0$0$394,432
71$650,388$0$0$388,727
72$639,616$0$0$380,992
73$625,316$0$0$370,975
74$607,052$0$0$358,398
75$584,340$0$0$342,949
76$556,646$0$0$324,286
77$523,378$0$0$302,030
78$483,880$0$0$275,761
79$437,427$0$0$245,014
80$383,218$0$0$209,277
81$320,366$0$0$167,981
82$247,893$0$0$120,500
83$164,715$0$0$66,141
84$69,636$0$0$4,138
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