Can I retire at age 45 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$35,426$35,111$34,803$34,502$34,209$33,409
2 years$17,538$17,211$16,895$16,588$16,290$15,489
3 years$11,576$11,248$10,932$10,628$10,335$9,557
4 years$8,595$8,268$7,956$7,657$7,371$6,623
5 years$6,807$6,482$6,174$5,881$5,603$4,887
6 years$5,616$5,293$4,989$4,703$4,434$3,750
7 years$4,765$4,445$4,146$3,867$3,606$2,954
8 years$4,128$3,811$3,516$3,244$2,991$2,372
9 years$3,632$3,318$3,029$2,763$2,519$1,932
10 years$3,235$2,924$2,640$2,382$2,146$1,590
11 years$2,911$2,603$2,325$2,073$1,846$1,320
12 years$2,641$2,337$2,063$1,818$1,600$1,103
13 years$2,413$2,112$1,843$1,605$1,395$927
14 years$2,218$1,919$1,656$1,425$1,223$783
15 years$2,049$1,753$1,495$1,271$1,077$663
16 years$1,901$1,609$1,356$1,138$952$563
17 years$1,770$1,482$1,234$1,022$844$480
18 years$1,654$1,369$1,126$921$750$410
19 years$1,551$1,269$1,031$832$669$350
20 years$1,458$1,179$946$754$597$300
21 years$1,374$1,098$870$684$534$257
22 years$1,298$1,025$802$622$479$221
23 years$1,228$959$741$567$430$190
24 years$1,165$898$685$517$387$163
25 years$1,106$843$634$472$348$141
26 years$1,052$792$588$432$313$121
27 years$1,002$746$546$395$282$104
28 years$956$703$508$362$255$90
29 years$913$663$473$332$230$78
30 years$873$626$440$305$208$67
31 years$836$592$410$280$188$58
32 years$801$560$383$257$170$50
33 years$768$530$358$236$154$43
34 years$738$503$334$218$139$37
35 years$709$477$312$200$126$32
36 years$681$452$292$184$114$28
37 years$656$430$273$170$104$24
38 years$631$408$256$157$94$21
39 years$608$388$240$144$85$18
40 years$587$369$225$133$77$15
41 years$566$352$211$123$70$13
42 years$546$335$198$113$64$12
43 years$527$319$186$105$58$10
44 years$510$304$174$97$52$9
45 years$493$290$164$89$48$7
46 years$477$277$154$82$43$6
47 years$461$264$144$76$39$6
48 years$446$252$136$70$36$5
49 years$432$241$128$65$32$4
50 years$419$230$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 $429,000, adding $2,617 every year, while hoping to spend $31,553 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: 77/16/7 Blend
44$429,000$429,000$429,000$429,000
45$475,457$452,720$446,071$511,461
46$490,382$441,332$427,442$524,084
47$505,771$428,327$407,132$533,584
48$521,639$413,595$385,050$543,075
49$538,001$397,015$361,104$552,543
50$554,871$378,463$335,194$561,973
51$572,264$357,804$307,220$571,347
52$590,196$334,898$277,073$580,647
53$608,684$309,595$244,643$589,855
54$627,744$281,739$209,812$598,949
55$647,392$251,163$172,459$607,908
56$667,647$217,690$132,457$616,706
57$688,525$181,136$89,673$625,320
58$710,045$141,302$43,968$633,721
59$732,227$97,983$0$641,879
60$755,088$50,958$0$650,124
61$778,648$0$0$661,589
62$802,927$0$0$672,964
63$827,947$0$0$693,931
64$853,726$0$0$715,534
65$880,287$0$0$737,792
66$907,650$0$0$760,722
67$935,838$0$0$784,343
68$964,873$0$0$808,673
69$994,777$0$0$833,731
70$1,025,574$0$0$859,537
71$1,057,285$0$0$886,108
72$1,089,935$0$0$913,465
73$1,123,547$0$0$941,627
74$1,158,143$0$0$970,613
75$1,193,749$0$0$1,000,444
76$1,230,386$0$0$1,031,139
77$1,268,079$0$0$1,062,717
78$1,306,851$0$0$1,095,197
79$1,346,725$0$0$1,128,600
80$1,387,723$0$0$1,162,942
81$1,429,867$0$0$1,198,244
82$1,473,178$0$0$1,234,521
83$1,517,678$0$0$1,271,791
84$1,563,385$0$0$1,310,071
85$1,610,317$0$0$1,349,374
86$1,658,492$0$0$1,389,716
87$1,707,924$0$0$1,431,107
88$1,758,627$0$0$1,473,559
89$1,810,610$0$0$1,517,080
90$1,863,884$0$0$1,561,677
91$1,918,451$0$0$1,607,353
92$1,974,315$0$0$1,654,109
93$2,031,473$0$0$1,701,942
94$2,089,918$0$0$1,750,847
95$2,149,637$0$0$1,800,812
96$2,210,615$0$0$1,851,821
97$2,272,827$0$0$1,903,855
98$2,336,240$0$0$1,956,885
99$2,400,818$0$0$2,010,878
100$2,466,509$0$0$2,065,791