Can I retire at age 45 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$35,344$35,029$34,722$34,422$34,129$33,345
2 years$17,497$17,171$16,855$16,549$16,252$15,466
3 years$11,549$11,221$10,906$10,603$10,311$9,548
4 years$8,575$8,249$7,937$7,639$7,354$6,620
5 years$6,792$6,467$6,160$5,867$5,590$4,887
6 years$5,603$5,281$4,978$4,692$4,423$3,752
7 years$4,754$4,435$4,137$3,858$3,597$2,958
8 years$4,118$3,802$3,508$3,236$2,984$2,376
9 years$3,623$3,310$3,022$2,757$2,513$1,936
10 years$3,228$2,918$2,634$2,376$2,141$1,595
11 years$2,904$2,597$2,319$2,068$1,842$1,325
12 years$2,635$2,331$2,058$1,814$1,596$1,108
13 years$2,408$2,107$1,839$1,601$1,392$932
14 years$2,213$1,915$1,652$1,422$1,220$787
15 years$2,044$1,749$1,492$1,268$1,074$667
16 years$1,896$1,605$1,352$1,135$949$567
17 years$1,766$1,478$1,231$1,020$842$484
18 years$1,651$1,366$1,123$919$748$413
19 years$1,547$1,266$1,028$831$667$354
20 years$1,455$1,176$944$752$596$303
21 years$1,371$1,096$868$683$533$260
22 years$1,295$1,023$800$621$478$224
23 years$1,225$957$739$565$429$192
24 years$1,162$896$683$516$386$165
25 years$1,103$841$633$471$347$143
26 years$1,050$791$587$431$313$123
27 years$1,000$744$545$394$282$106
28 years$954$701$507$361$254$91
29 years$911$661$472$331$230$79
30 years$871$625$439$304$207$68
31 years$834$590$409$279$188$59
32 years$799$559$382$256$170$51
33 years$766$529$357$236$154$44
34 years$736$501$333$217$139$38
35 years$707$476$312$200$126$33
36 years$680$451$291$184$114$28
37 years$654$429$273$170$103$24
38 years$630$407$255$156$94$21
39 years$607$387$239$144$85$18
40 years$585$369$224$133$77$16
41 years$565$351$210$123$70$14
42 years$545$334$197$113$63$12
43 years$526$318$185$104$58$10
44 years$509$304$174$96$52$9
45 years$492$289$163$89$47$8
46 years$475$276$153$82$43$7
47 years$460$263$144$76$39$6
48 years$445$252$135$70$36$5
49 years$431$240$127$65$32$4
50 years$418$229$120$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $428,000, adding $5,864 every year, while hoping to spend $29,627 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: 57/33/10 Blend
44$428,000$428,000$428,000$428,000
45$477,705$455,021$448,387$503,451
46$494,908$445,794$431,885$512,275
47$512,872$435,122$413,837$518,077
48$531,645$422,903$394,160$523,685
49$551,276$409,028$372,768$529,084
50$571,820$393,384$349,570$534,260
51$593,335$375,850$324,470$539,198
52$615,885$356,296$297,369$543,883
53$639,540$334,588$268,165$548,301
54$664,373$310,583$236,749$552,439
55$690,466$284,130$203,007$556,284
56$717,909$255,067$166,823$559,823
57$746,796$223,226$128,072$563,046
58$777,234$188,428$86,627$565,944
59$809,335$150,484$42,352$568,510
60$843,225$109,196$0$570,737
61$879,038$64,351$0$573,146
62$916,923$15,727$0$580,070
63$957,042$0$0$587,007
64$999,570$0$0$607,384
65$1,044,701$0$0$635,087
66$1,092,645$0$0$664,537
67$1,143,633$0$0$695,879
68$1,197,918$0$0$729,269
69$1,255,775$0$0$764,880
70$1,317,506$0$0$802,903
71$1,383,445$0$0$843,544
72$1,453,953$0$0$887,031
73$1,529,428$0$0$933,613
74$1,610,308$0$0$983,564
75$1,697,072$0$0$1,037,184
76$1,790,244$0$0$1,094,802
77$1,890,403$0$0$1,156,779
78$1,998,180$0$0$1,223,513
79$2,114,272$0$0$1,295,438
80$2,239,442$0$0$1,373,035
81$2,374,529$0$0$1,456,829
82$2,520,455$0$0$1,547,398
83$2,678,233$0$0$1,645,376
84$2,848,976$0$0$1,751,463
85$3,033,907$0$0$1,866,426
86$3,234,374$0$0$1,991,110
87$3,451,854$0$0$2,126,441
88$3,687,977$0$0$2,273,442
89$3,944,530$0$0$2,433,236
90$4,223,485$0$0$2,607,057
91$4,527,006$0$0$2,796,265
92$4,857,476$0$0$3,002,356
93$5,217,520$0$0$3,226,976
94$5,610,022$0$0$3,471,936
95$6,038,159$0$0$3,739,230
96$6,505,428$0$0$4,031,052
97$7,015,677$0$0$4,349,819
98$7,573,141$0$0$4,698,189
99$8,182,486$0$0$5,079,091
100$8,848,846$0$0$5,495,747