Can I retire at age 45 with 424,000?

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 $424,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$35,014$34,702$34,397$34,100$33,810$32,926
2 years$17,333$17,011$16,698$16,394$16,100$15,215
3 years$11,441$11,117$10,805$10,504$10,215$9,357
4 years$8,495$8,172$7,863$7,568$7,285$6,461
5 years$6,728$6,407$6,102$5,813$5,538$4,750
6 years$5,551$5,232$4,931$4,648$4,382$3,631
7 years$4,710$4,394$4,098$3,822$3,564$2,849
8 years$4,079$3,766$3,475$3,206$2,957$2,278
9 years$3,589$3,279$2,993$2,731$2,490$1,848
10 years$3,198$2,890$2,610$2,354$2,121$1,514
11 years$2,877$2,573$2,298$2,049$1,825$1,251
12 years$2,611$2,309$2,039$1,797$1,581$1,041
13 years$2,385$2,087$1,822$1,586$1,379$871
14 years$2,192$1,897$1,637$1,408$1,209$732
15 years$2,025$1,733$1,478$1,256$1,064$617
16 years$1,878$1,590$1,340$1,125$940$521
17 years$1,750$1,464$1,219$1,010$834$442
18 years$1,635$1,353$1,113$911$741$375
19 years$1,533$1,254$1,019$823$661$319
20 years$1,441$1,165$935$745$590$272
21 years$1,358$1,085$860$676$528$232
22 years$1,283$1,013$793$615$474$198
23 years$1,214$948$732$560$425$169
24 years$1,151$888$677$511$382$145
25 years$1,093$833$627$466$344$124
26 years$1,040$783$581$426$310$106
27 years$991$737$540$390$279$91
28 years$945$694$502$358$252$78
29 years$903$655$467$328$227$67
30 years$863$619$435$301$206$57
31 years$826$585$406$276$186$49
32 years$792$553$378$254$168$42
33 years$759$524$353$234$152$36
34 years$729$497$330$215$138$31
35 years$700$471$309$198$125$27
36 years$673$447$289$182$113$23
37 years$648$425$270$168$102$20
38 years$624$404$253$155$93$17
39 years$601$384$237$143$84$15
40 years$580$365$222$132$76$12
41 years$559$348$208$121$69$11
42 years$540$331$195$112$63$9
43 years$521$315$183$103$57$8
44 years$504$301$172$96$52$7
45 years$487$287$162$88$47$6
46 years$471$274$152$81$43$5
47 years$456$261$143$75$39$4
48 years$441$249$134$70$35$4
49 years$427$238$126$64$32$3
50 years$414$227$118$59$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $424,000, adding $3,028 every year, while hoping to spend $30,092 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: 49/28/23 Blend
44$424,000$424,000$424,000$424,000
45$470,371$447,899$441,327$490,231
46$486,332$437,829$424,094$494,304
47$502,911$426,256$405,275$495,456
48$520,142$413,076$384,785$496,093
49$538,056$398,177$362,536$496,178
50$556,692$381,441$338,434$495,675
51$576,086$362,744$312,384$494,545
52$596,281$341,952$284,283$492,747
53$617,320$318,927$254,025$490,240
54$639,253$293,520$221,501$486,979
55$662,130$265,576$186,595$482,919
56$686,008$234,930$149,186$478,014
57$710,946$201,406$109,149$472,214
58$737,008$164,822$66,351$465,470
59$764,266$124,981$20,657$457,730
60$792,795$81,679$0$448,939
61$822,677$34,697$0$445,942
62$854,001$0$0$447,642
63$886,863$0$0$453,934
64$921,368$0$0$471,780
65$957,631$0$0$490,550
66$995,774$0$0$510,311
67$1,035,932$0$0$531,132
68$1,078,252$0$0$553,095
69$1,122,893$0$0$576,282
70$1,170,030$0$0$600,788
71$1,219,851$0$0$626,714
72$1,272,564$0$0$654,171
73$1,328,396$0$0$683,279
74$1,387,591$0$0$714,172
75$1,450,421$0$0$746,993
76$1,517,181$0$0$781,902
77$1,588,193$0$0$819,070
78$1,663,810$0$0$858,689
79$1,744,420$0$0$900,964
80$1,830,445$0$0$946,125
81$1,922,349$0$0$994,420
82$2,020,642$0$0$1,046,122
83$2,125,880$0$0$1,101,531
84$2,238,675$0$0$1,160,977
85$2,359,697$0$0$1,224,819
86$2,489,683$0$0$1,293,454
87$2,629,441$0$0$1,367,316
88$2,779,857$0$0$1,446,883
89$2,941,905$0$0$1,532,679
90$3,116,655$0$0$1,625,280
91$3,305,282$0$0$1,725,318
92$3,509,077$0$0$1,833,490
93$3,729,458$0$0$1,950,559
94$3,967,985$0$0$2,077,366
95$4,226,373$0$0$2,214,835
96$4,506,507$0$0$2,363,981
97$4,810,460$0$0$2,525,922
98$5,140,510$0$0$2,701,886
99$5,499,167$0$0$2,893,226
100$5,889,187$0$0$3,101,428