Can I retire at age 45 with 422,000?

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 $422,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$34,848$34,538$34,235$33,940$33,651$33,355
2 years$17,252$16,930$16,619$16,317$16,024$15,726
3 years$11,387$11,064$10,754$10,455$10,166$9,875
4 years$8,455$8,133$7,826$7,532$7,251$6,969
5 years$6,696$6,377$6,073$5,785$5,512$5,240
6 years$5,524$5,207$4,908$4,626$4,361$4,100
7 years$4,688$4,373$4,079$3,804$3,547$3,296
8 years$4,060$3,748$3,459$3,191$2,943$2,702
9 years$3,572$3,264$2,979$2,718$2,478$2,248
10 years$3,183$2,877$2,597$2,343$2,111$1,892
11 years$2,864$2,561$2,287$2,039$1,816$1,606
12 years$2,598$2,299$2,029$1,788$1,574$1,374
13 years$2,374$2,077$1,813$1,579$1,372$1,182
14 years$2,182$1,888$1,629$1,402$1,203$1,022
15 years$2,015$1,725$1,471$1,250$1,059$888
16 years$1,870$1,583$1,334$1,119$936$773
17 years$1,741$1,457$1,213$1,006$830$676
18 years$1,627$1,347$1,108$906$738$592
19 years$1,526$1,248$1,014$819$658$520
20 years$1,434$1,160$931$742$588$458
21 years$1,352$1,080$856$673$526$403
22 years$1,277$1,008$789$612$471$356
23 years$1,208$943$728$557$423$314
24 years$1,146$884$674$508$380$278
25 years$1,088$829$624$464$342$246
26 years$1,035$779$579$424$308$218
27 years$986$734$537$389$278$194
28 years$941$691$500$356$251$172
29 years$898$652$465$326$226$153
30 years$859$616$433$300$205$136
31 years$822$582$404$275$185$120
32 years$788$551$377$253$167$107
33 years$756$522$352$233$151$95
34 years$725$494$329$214$137$85
35 years$697$469$307$197$124$75
36 years$670$445$287$181$112$67
37 years$645$423$269$167$102$60
38 years$621$402$252$154$92$53
39 years$598$382$236$142$84$47
40 years$577$363$221$131$76$42
41 years$557$346$207$121$69$38
42 years$537$329$195$112$63$34
43 years$519$314$183$103$57$30
44 years$501$299$171$95$52$27
45 years$485$285$161$88$47$24
46 years$469$272$151$81$42$21
47 years$454$260$142$75$39$19
48 years$439$248$133$69$35$17
49 years$425$237$125$64$32$15
50 years$412$226$118$59$29$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $422,000, adding $6,734 every year, while hoping to spend $37,255 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: 30/42/28 Blend
44$422,000$422,000$422,000$422,000
45$471,990$449,624$443,083$481,934
46$480,494$432,017$418,287$472,634
47$488,617$412,298$391,412$458,930
48$496,280$390,325$362,349$443,450
49$503,397$365,947$330,984$426,066
50$509,868$339,003$297,197$406,641
51$515,587$309,326$260,865$385,028
52$520,431$276,737$221,858$361,072
53$524,264$241,047$180,040$334,605
54$526,938$202,057$135,270$305,449
55$528,284$159,556$87,399$273,413
56$528,116$113,322$36,275$238,293
57$526,229$63,120$0$199,872
58$522,393$8,701$0$163,377
59$516,354$0$0$135,017
60$507,830$0$0$126,927
61$496,510$0$0$121,894
62$482,047$0$0$115,782
63$464,057$0$0$108,461
64$442,117$0$0$99,792
65$415,757$0$0$89,617
66$384,457$0$0$77,762
67$347,643$0$0$64,037
68$304,679$0$0$48,230
69$254,863$0$0$30,107
70$197,417$0$0$9,410
71$131,483$0$0$0
72$56,113$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
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