Can I retire at age 45 with 424,000?

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 $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%12.2%
1 years$35,014$34,702$34,397$34,100$33,810$33,499
2 years$17,333$17,011$16,698$16,394$16,100$15,787
3 years$11,441$11,117$10,805$10,504$10,215$9,908
4 years$8,495$8,172$7,863$7,568$7,285$6,989
5 years$6,728$6,407$6,102$5,813$5,538$5,252
6 years$5,551$5,232$4,931$4,648$4,382$4,107
7 years$4,710$4,394$4,098$3,822$3,564$3,300
8 years$4,079$3,766$3,475$3,206$2,957$2,704
9 years$3,589$3,279$2,993$2,731$2,490$2,248
10 years$3,198$2,890$2,610$2,354$2,121$1,891
11 years$2,877$2,573$2,298$2,049$1,825$1,604
12 years$2,611$2,309$2,039$1,797$1,581$1,371
13 years$2,385$2,087$1,822$1,586$1,379$1,179
14 years$2,192$1,897$1,637$1,408$1,209$1,019
15 years$2,025$1,733$1,478$1,256$1,064$884
16 years$1,878$1,590$1,340$1,125$940$770
17 years$1,750$1,464$1,219$1,010$834$672
18 years$1,635$1,353$1,113$911$741$589
19 years$1,533$1,254$1,019$823$661$517
20 years$1,441$1,165$935$745$590$454
21 years$1,358$1,085$860$676$528$400
22 years$1,283$1,013$793$615$474$353
23 years$1,214$948$732$560$425$311
24 years$1,151$888$677$511$382$275
25 years$1,093$833$627$466$344$244
26 years$1,040$783$581$426$310$216
27 years$991$737$540$390$279$191
28 years$945$694$502$358$252$170
29 years$903$655$467$328$227$150
30 years$863$619$435$301$206$134
31 years$826$585$406$276$186$119
32 years$792$553$378$254$168$105
33 years$759$524$353$234$152$94
34 years$729$497$330$215$138$83
35 years$700$471$309$198$125$74
36 years$673$447$289$182$113$66
37 years$648$425$270$168$102$59
38 years$624$404$253$155$93$52
39 years$601$384$237$143$84$46
40 years$580$365$222$132$76$41
41 years$559$348$208$121$69$37
42 years$540$331$195$112$63$33
43 years$521$315$183$103$57$29
44 years$504$301$172$96$52$26
45 years$487$287$162$88$47$23
46 years$471$274$152$81$43$21
47 years$456$261$143$75$39$18
48 years$441$249$134$70$35$16
49 years$427$238$126$64$32$15
50 years$414$227$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 $424,000, adding $6,139 every year, while hoping to spend $32,298 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: 41/48/11 Blend
44$424,000$424,000$424,000$424,000
45$473,580$451,108$444,536$491,215
46$487,521$438,848$425,064$491,936
47$501,801$424,904$403,856$489,030
48$516,420$409,160$380,821$485,167
49$531,380$391,494$355,863$480,272
50$546,677$371,773$328,881$474,269
51$562,308$349,861$299,769$467,073
52$578,271$325,611$268,418$458,598
53$594,557$298,869$234,713$448,750
54$611,160$269,471$198,534$437,429
55$628,069$237,246$159,755$424,529
56$645,271$202,010$118,246$409,940
57$662,752$163,572$73,871$393,541
58$680,494$121,728$26,487$375,206
59$698,475$76,263$0$354,800
60$716,669$26,950$0$335,006
61$735,049$0$0$316,348
62$753,579$0$0$309,540
63$772,222$0$0$316,989
64$790,932$0$0$324,437
65$809,658$0$0$331,861
66$828,344$0$0$339,234
67$846,922$0$0$346,525
68$865,320$0$0$353,699
69$883,452$0$0$360,717
70$901,224$0$0$367,536
71$918,531$0$0$374,106
72$935,253$0$0$380,373
73$951,255$0$0$386,274
74$966,389$0$0$391,741
75$980,487$0$0$396,697
76$993,362$0$0$401,055
77$1,004,805$0$0$404,721
78$1,014,585$0$0$407,588
79$1,022,441$0$0$409,537
80$1,028,087$0$0$410,436
81$1,031,201$0$0$410,140
82$1,031,428$0$0$408,485
83$1,028,372$0$0$405,292
84$1,021,594$0$0$400,360
85$1,010,606$0$0$393,467
86$994,870$0$0$384,368
87$973,785$0$0$372,790
88$946,690$0$0$358,432
89$912,848$0$0$340,958
90$871,447$0$0$320,000
91$821,586$0$0$295,149
92$762,268$0$0$265,953
93$692,391$0$0$231,910
94$610,737$0$0$192,468
95$515,958$0$0$147,015
96$406,563$0$0$94,876
97$280,906$0$0$35,304
98$137,167$0$0$0
99$0$0$0$0
100$0$0$0$0