Can I retire at age 45 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$34,353$34,047$33,748$33,457$33,172$32,503
2 years$17,006$16,690$16,383$16,085$15,796$15,125
3 years$11,225$10,907$10,601$10,306$10,022$9,369
4 years$8,335$8,018$7,715$7,425$7,148$6,519
5 years$6,601$6,286$5,987$5,703$5,434$4,830
6 years$5,446$5,133$4,838$4,561$4,299$3,722
7 years$4,621$4,311$4,021$3,750$3,497$2,946
8 years$4,002$3,695$3,410$3,145$2,901$2,377
9 years$3,522$3,217$2,937$2,679$2,443$1,945
10 years$3,137$2,836$2,560$2,310$2,081$1,609
11 years$2,823$2,525$2,254$2,010$1,790$1,342
12 years$2,561$2,266$2,001$1,763$1,551$1,128
13 years$2,340$2,048$1,787$1,556$1,353$953
14 years$2,151$1,861$1,606$1,382$1,186$808
15 years$1,986$1,700$1,450$1,232$1,044$689
16 years$1,843$1,560$1,315$1,103$923$589
17 years$1,717$1,437$1,196$991$818$504
18 years$1,604$1,328$1,092$893$727$433
19 years$1,504$1,230$1,000$807$648$373
20 years$1,414$1,143$917$731$579$321
21 years$1,332$1,065$844$664$518$277
22 years$1,258$994$778$603$465$239
23 years$1,191$930$718$549$417$207
24 years$1,129$871$664$501$375$179
25 years$1,073$818$615$458$337$155
26 years$1,020$768$570$418$304$134
27 years$972$723$530$383$274$117
28 years$927$681$492$351$247$101
29 years$886$643$458$322$223$88
30 years$847$607$427$295$202$76
31 years$811$574$398$271$182$66
32 years$777$543$371$249$165$58
33 years$745$514$347$229$149$50
34 years$715$487$324$211$135$43
35 years$687$462$303$194$122$38
36 years$661$439$283$179$111$33
37 years$636$417$265$165$101$29
38 years$612$396$248$152$91$25
39 years$590$377$233$140$83$22
40 years$569$358$218$129$75$19
41 years$549$341$204$119$68$16
42 years$530$325$192$110$62$14
43 years$512$309$180$102$56$12
44 years$494$295$169$94$51$11
45 years$478$281$159$87$46$9
46 years$462$268$149$80$42$8
47 years$447$256$140$74$38$7
48 years$433$244$132$68$35$6
49 years$419$233$124$63$31$5
50 years$406$223$116$58$29$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $416,000, adding $6,392 every year, while hoping to spend $30,467 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: 30/50/20 Blend
44$416,000$416,000$416,000$416,000
45$465,025$442,977$436,529$475,902
46$480,041$432,267$418,736$473,982
47$495,568$420,010$399,326$468,737
48$511,625$406,099$378,213$462,450
49$528,233$390,421$355,305$455,050
50$545,414$372,853$330,510$446,460
51$563,192$353,269$303,728$436,601
52$581,591$331,532$274,856$425,388
53$600,637$307,501$243,787$412,734
54$620,357$281,023$210,409$398,545
55$640,779$251,939$174,603$382,722
56$661,935$220,080$136,249$365,162
57$683,856$185,268$95,217$345,755
58$706,576$147,313$51,374$324,385
59$730,133$106,017$4,581$300,933
60$754,564$61,170$0$275,270
61$779,911$12,549$0$256,941
62$806,217$0$0$237,798
63$833,530$0$0$238,800
64$861,898$0$0$247,021
65$891,375$0$0$255,571
66$922,018$0$0$264,470
67$953,888$0$0$273,735
68$987,050$0$0$283,387
69$1,021,575$0$0$293,449
70$1,057,537$0$0$303,943
71$1,095,017$0$0$314,895
72$1,134,104$0$0$326,333
73$1,174,890$0$0$338,286
74$1,217,477$0$0$350,786
75$1,261,975$0$0$363,868
76$1,308,502$0$0$377,569
77$1,357,185$0$0$391,931
78$1,408,163$0$0$406,996
79$1,461,586$0$0$422,814
80$1,517,616$0$0$439,436
81$1,576,431$0$0$456,918
82$1,638,221$0$0$475,321
83$1,703,195$0$0$494,714
84$1,771,580$0$0$515,169
85$1,843,621$0$0$536,764
86$1,919,588$0$0$559,588
87$1,999,773$0$0$583,734
88$2,084,495$0$0$609,305
89$2,174,103$0$0$636,415
90$2,268,975$0$0$665,186
91$2,369,527$0$0$695,753
92$2,476,213$0$0$728,263
93$2,589,528$0$0$762,878
94$2,710,015$0$0$799,775
95$2,838,266$0$0$839,146
96$2,974,932$0$0$881,203
97$3,120,723$0$0$926,179
98$3,276,419$0$0$974,328
99$3,442,874$0$0$1,025,929
100$3,621,023$0$0$1,081,288