Can I retire at age 45 with 420,000?

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 $420,000?

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$34,683$34,374$34,073$33,779$33,491$32,329
2 years$17,170$16,850$16,540$16,240$15,948$14,789
3 years$11,333$11,012$10,703$10,405$10,118$8,999
4 years$8,415$8,095$7,789$7,496$7,216$6,145
5 years$6,665$6,346$6,044$5,758$5,486$4,466
6 years$5,498$5,182$4,885$4,605$4,341$3,373
7 years$4,665$4,352$4,059$3,786$3,530$2,614
8 years$4,041$3,731$3,443$3,176$2,929$2,063
9 years$3,556$3,248$2,965$2,705$2,466$1,651
10 years$3,167$2,863$2,585$2,332$2,101$1,334
11 years$2,850$2,549$2,276$2,029$1,807$1,087
12 years$2,586$2,288$2,020$1,780$1,566$892
13 years$2,363$2,067$1,805$1,571$1,366$735
14 years$2,171$1,879$1,621$1,395$1,197$608
15 years$2,006$1,717$1,464$1,244$1,054$504
16 years$1,861$1,575$1,327$1,114$932$420
17 years$1,733$1,451$1,208$1,001$826$350
18 years$1,620$1,340$1,102$902$734$293
19 years$1,518$1,242$1,009$815$655$245
20 years$1,427$1,154$926$738$585$205
21 years$1,345$1,075$852$670$523$172
22 years$1,270$1,004$785$609$469$144
23 years$1,202$939$725$555$421$121
24 years$1,140$880$671$506$378$102
25 years$1,083$825$621$462$341$86
26 years$1,030$776$576$422$307$72
27 years$981$730$535$387$277$61
28 years$936$688$497$354$250$51
29 years$894$649$463$325$225$43
30 years$855$613$431$298$204$36
31 years$818$579$402$274$184$31
32 years$784$548$375$252$167$26
33 years$752$519$350$231$151$22
34 years$722$492$327$213$136$18
35 years$694$467$306$196$124$15
36 years$667$443$286$181$112$13
37 years$642$421$268$166$101$11
38 years$618$400$251$153$92$9
39 years$596$380$235$141$83$8
40 years$574$362$220$130$76$7
41 years$554$344$206$120$69$6
42 years$535$328$194$111$62$5
43 years$516$312$182$102$57$4
44 years$499$298$171$95$51$3
45 years$482$284$160$87$47$3
46 years$467$271$150$81$42$2
47 years$452$259$141$75$38$2
48 years$437$247$133$69$35$2
49 years$423$236$125$64$32$1
50 years$410$225$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $420,000, adding $2,153 every year, while hoping to spend $22,015 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: 52/39/9 Blend
44$420,000$420,000$420,000$420,000
45$465,061$442,801$436,291$488,067
46$489,073$441,074$427,483$502,229
47$514,797$438,525$417,642$515,067
48$542,384$435,090$406,710$528,511
49$571,999$430,702$394,627$542,621
50$603,825$425,289$381,329$557,468
51$638,063$418,775$366,751$573,130
52$674,930$411,080$350,823$589,692
53$714,670$402,120$333,472$607,251
54$757,546$391,804$314,623$625,916
55$803,850$380,037$294,198$645,808
56$853,902$366,717$272,112$667,059
57$908,053$351,739$248,281$689,821
58$966,689$334,990$222,613$714,260
59$1,030,236$316,348$195,015$740,562
60$1,099,160$295,690$165,388$768,934
61$1,173,976$272,880$133,630$799,606
62$1,255,247$247,777$99,633$832,834
63$1,343,597$220,232$63,285$868,903
64$1,439,708$190,088$24,469$908,130
65$1,544,333$157,177$0$950,866
66$1,658,300$121,323$0$999,129
67$1,782,519$82,341$0$1,054,339
68$1,917,993$40,033$0$1,114,637
69$2,065,826$0$0$1,180,572
70$2,227,232$0$0$1,255,241
71$2,403,549$0$0$1,355,614
72$2,596,247$0$0$1,465,354
73$2,806,948$0$0$1,585,388
74$3,037,436$0$0$1,716,739
75$3,289,675$0$0$1,860,532
76$3,565,829$0$0$2,018,005
77$3,868,280$0$0$2,190,522
78$4,199,651$0$0$2,379,587
79$4,562,832$0$0$2,586,854
80$4,961,003$0$0$2,814,146
81$5,397,670$0$0$3,063,469
82$5,876,692$0$0$3,337,035
83$6,402,321$0$0$3,637,279
84$6,979,240$0$0$3,966,884
85$7,612,607$0$0$4,328,805
86$8,308,103$0$0$4,726,296
87$9,071,990$0$0$5,162,945
88$9,911,161$0$0$5,642,700
89$10,833,213$0$0$6,169,914
90$11,846,515$0$0$6,749,381
91$12,960,285$0$0$7,386,382
92$14,184,681$0$0$8,086,738
93$15,530,892$0$0$8,856,859
94$17,011,247$0$0$9,703,808
95$18,639,329$0$0$10,635,368
96$20,430,102$0$0$11,660,113
97$22,400,056$0$0$12,787,490
98$24,567,356$0$0$14,027,908
99$26,952,020$0$0$15,392,835
100$29,576,102$0$0$16,894,909