Can I retire at age 45 with 422,000?

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 $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%19.9%
1 years$34,848$34,538$34,235$33,940$33,651$32,316
2 years$17,252$16,930$16,619$16,317$16,024$14,696
3 years$11,387$11,064$10,754$10,455$10,166$8,886
4 years$8,455$8,133$7,826$7,532$7,251$6,029
5 years$6,696$6,377$6,073$5,785$5,512$4,351
6 years$5,524$5,207$4,908$4,626$4,361$3,263
7 years$4,688$4,373$4,079$3,804$3,547$2,510
8 years$4,060$3,748$3,459$3,191$2,943$1,966
9 years$3,572$3,264$2,979$2,718$2,478$1,560
10 years$3,183$2,877$2,597$2,343$2,111$1,251
11 years$2,864$2,561$2,287$2,039$1,816$1,011
12 years$2,598$2,299$2,029$1,788$1,574$822
13 years$2,374$2,077$1,813$1,579$1,372$671
14 years$2,182$1,888$1,629$1,402$1,203$550
15 years$2,015$1,725$1,471$1,250$1,059$452
16 years$1,870$1,583$1,334$1,119$936$373
17 years$1,741$1,457$1,213$1,006$830$308
18 years$1,627$1,347$1,108$906$738$255
19 years$1,526$1,248$1,014$819$658$211
20 years$1,434$1,160$931$742$588$175
21 years$1,352$1,080$856$673$526$145
22 years$1,277$1,008$789$612$471$121
23 years$1,208$943$728$557$423$100
24 years$1,146$884$674$508$380$84
25 years$1,088$829$624$464$342$70
26 years$1,035$779$579$424$308$58
27 years$986$734$537$389$278$48
28 years$941$691$500$356$251$40
29 years$898$652$465$326$226$33
30 years$859$616$433$300$205$28
31 years$822$582$404$275$185$23
32 years$788$551$377$253$167$19
33 years$756$522$352$233$151$16
34 years$725$494$329$214$137$13
35 years$697$469$307$197$124$11
36 years$670$445$287$181$112$9
37 years$645$423$269$167$102$8
38 years$621$402$252$154$92$7
39 years$598$382$236$142$84$5
40 years$577$363$221$131$76$5
41 years$557$346$207$121$69$4
42 years$537$329$195$112$63$3
43 years$519$314$183$103$57$3
44 years$501$299$171$95$52$2
45 years$485$285$161$88$47$2
46 years$469$272$151$81$42$2
47 years$454$260$142$75$39$1
48 years$439$248$133$69$35$1
49 years$425$237$125$64$32$1
50 years$412$226$118$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $422,000, adding $4,927 every year, while hoping to spend $30,323 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: 55/31/14 Blend
44$422,000$422,000$422,000$422,000
45$470,126$447,760$441,219$494,004
46$485,816$437,437$423,737$500,465
47$502,089$425,592$404,652$503,792
48$518,974$412,118$383,880$506,719
49$536,500$396,902$361,330$509,213
50$554,698$379,825$336,910$511,241
51$573,602$360,762$310,521$512,768
52$593,248$339,577$282,062$513,759
53$613,673$316,130$251,425$514,174
54$634,918$290,271$218,498$513,974
55$657,029$261,843$183,167$513,117
56$680,050$230,678$145,308$511,560
57$704,035$196,601$104,795$509,259
58$729,036$159,424$61,495$506,166
59$755,113$118,951$15,270$502,234
60$782,329$74,974$0$497,411
61$810,752$27,273$0$496,735
62$840,455$0$0$497,829
63$871,519$0$0$506,696
64$904,030$0$0$525,723
65$938,081$0$0$545,662
66$973,773$0$0$566,573
67$1,011,216$0$0$588,523
68$1,050,529$0$0$611,582
69$1,091,841$0$0$635,829
70$1,135,292$0$0$661,349
71$1,181,037$0$0$688,232
72$1,229,240$0$0$716,579
73$1,280,085$0$0$746,499
74$1,333,767$0$0$778,111
75$1,390,503$0$0$811,544
76$1,450,528$0$0$846,941
77$1,514,098$0$0$884,456
78$1,581,495$0$0$924,258
79$1,653,024$0$0$966,532
80$1,729,021$0$0$1,011,480
81$1,809,852$0$0$1,059,323
82$1,895,919$0$0$1,110,303
83$1,987,661$0$0$1,164,685
84$2,085,559$0$0$1,222,760
85$2,190,140$0$0$1,284,845
86$2,301,982$0$0$1,351,291
87$2,421,718$0$0$1,422,478
88$2,550,042$0$0$1,498,828
89$2,687,716$0$0$1,580,799
90$2,835,576$0$0$1,668,899
91$2,994,541$0$0$1,763,680
92$3,165,616$0$0$1,865,752
93$3,349,909$0$0$1,975,785
94$3,548,633$0$0$2,094,512
95$3,763,124$0$0$2,222,741
96$3,994,847$0$0$2,361,359
97$4,245,415$0$0$2,511,340
98$4,516,598$0$0$2,673,758
99$4,810,343$0$0$2,849,789
100$5,128,792$0$0$3,040,729