Can I retire at age 45 with 408,000?

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 $408,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$33,692$33,392$33,099$32,814$32,534$31,748
2 years$16,679$16,369$16,068$15,776$15,493$14,705
3 years$11,009$10,697$10,397$10,108$9,829$9,065
4 years$8,175$7,864$7,566$7,282$7,010$6,275
5 years$6,474$6,165$5,872$5,593$5,329$4,626
6 years$5,341$5,034$4,745$4,473$4,217$3,545
7 years$4,532$4,228$3,943$3,677$3,429$2,790
8 years$3,925$3,624$3,344$3,085$2,845$2,238
9 years$3,454$3,155$2,880$2,628$2,396$1,820
10 years$3,077$2,781$2,511$2,265$2,041$1,496
11 years$2,769$2,476$2,211$1,971$1,756$1,241
12 years$2,512$2,222$1,962$1,729$1,521$1,035
13 years$2,295$2,008$1,753$1,527$1,327$869
14 years$2,109$1,826$1,575$1,355$1,163$732
15 years$1,948$1,668$1,422$1,209$1,024$620
16 years$1,808$1,530$1,289$1,082$905$526
17 years$1,684$1,409$1,173$972$802$447
18 years$1,573$1,302$1,071$876$713$381
19 years$1,475$1,207$980$792$636$326
20 years$1,387$1,121$900$717$568$278
21 years$1,307$1,045$828$651$508$238
22 years$1,234$975$763$592$456$204
23 years$1,168$912$704$539$409$175
24 years$1,108$854$651$491$368$151
25 years$1,052$802$603$449$331$129
26 years$1,001$754$560$410$298$111
27 years$953$709$520$376$269$96
28 years$909$668$483$344$242$82
29 years$869$630$449$316$219$71
30 years$831$595$419$290$198$61
31 years$795$563$390$266$179$53
32 years$762$533$364$244$162$45
33 years$731$504$340$225$146$39
34 years$701$478$318$207$133$34
35 years$674$453$297$190$120$29
36 years$648$430$278$175$109$25
37 years$624$409$260$162$99$22
38 years$600$388$244$149$89$19
39 years$579$369$228$137$81$16
40 years$558$351$214$127$74$14
41 years$538$335$201$117$67$12
42 years$519$319$188$108$61$10
43 years$502$304$177$100$55$9
44 years$485$289$166$92$50$8
45 years$469$276$156$85$45$7
46 years$453$263$146$78$41$6
47 years$439$251$137$72$37$5
48 years$425$240$129$67$34$4
49 years$411$229$121$62$31$4
50 years$398$219$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 $408,000, adding $4,363 every year, while hoping to spend $24,623 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: 61/28/11 Blend
44$408,000$408,000$408,000$408,000
45$454,116$432,492$426,168$480,388
46$474,238$427,486$414,246$493,533
47$495,586$421,409$401,100$504,670
48$518,260$414,183$386,661$516,216
49$542,370$405,724$370,861$528,212
50$568,033$395,946$353,626$540,704
51$595,379$384,754$334,879$553,742
52$624,550$372,050$314,541$567,385
53$655,703$357,729$292,527$581,697
54$689,009$341,682$268,750$596,751
55$724,654$323,790$243,119$612,627
56$762,843$303,931$215,539$629,417
57$803,803$281,973$185,909$647,223
58$847,780$257,779$154,126$666,158
59$895,045$231,202$120,081$686,349
60$945,896$202,087$83,660$707,939
61$1,000,660$170,272$44,745$731,085
62$1,059,696$135,583$3,213$755,964
63$1,123,398$97,840$0$782,774
64$1,192,199$56,849$0$816,558
65$1,266,576$12,407$0$853,453
66$1,347,052$0$0$893,370
67$1,434,201$0$0$947,628
68$1,528,657$0$0$1,010,604
69$1,631,115$0$0$1,078,943
70$1,742,340$0$0$1,153,159
71$1,863,172$0$0$1,233,815
72$1,994,537$0$0$1,321,534
73$2,137,452$0$0$1,416,999
74$2,293,039$0$0$1,520,962
75$2,462,529$0$0$1,634,252
76$2,647,278$0$0$1,757,779
77$2,848,779$0$0$1,892,546
78$3,068,675$0$0$2,039,657
79$3,308,773$0$0$2,200,326
80$3,571,065$0$0$2,375,892
81$3,857,743$0$0$2,567,825
82$4,171,217$0$0$2,777,748
83$4,514,146$0$0$3,007,446
84$4,889,453$0$0$3,258,883
85$5,300,360$0$0$3,534,223
86$5,750,414$0$0$3,835,852
87$6,243,519$0$0$4,166,392
88$6,783,978$0$0$4,528,734
89$7,376,528$0$0$4,926,063
90$8,026,386$0$0$5,361,884
91$8,739,299$0$0$5,840,060
92$9,521,598$0$0$6,364,844
93$10,380,254$0$0$6,940,924
94$11,322,948$0$0$7,573,459
95$12,358,140$0$0$8,268,137
96$13,495,149$0$0$9,031,221
97$14,744,242$0$0$9,869,611
98$16,116,729$0$0$10,790,909
99$17,625,070$0$0$11,803,489
100$19,282,992$0$0$12,916,577