Can I retire at age 45 with 438,000?

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 $438,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$36,170$35,847$35,533$35,226$34,927$33,809
2 years$17,906$17,572$17,249$16,936$16,632$15,516
3 years$11,819$11,484$11,161$10,851$10,552$9,473
4 years$8,776$8,442$8,123$7,817$7,526$6,492
5 years$6,950$6,618$6,303$6,005$5,721$4,735
6 years$5,734$5,404$5,094$4,802$4,527$3,590
7 years$4,865$4,539$4,233$3,948$3,681$2,793
8 years$4,214$3,890$3,590$3,312$3,054$2,214
9 years$3,708$3,387$3,092$2,821$2,572$1,779
10 years$3,303$2,986$2,696$2,432$2,191$1,444
11 years$2,972$2,658$2,373$2,116$1,885$1,182
12 years$2,697$2,386$2,106$1,856$1,633$974
13 years$2,464$2,156$1,882$1,639$1,424$806
14 years$2,264$1,960$1,691$1,455$1,248$670
15 years$2,092$1,790$1,527$1,297$1,099$559
16 years$1,941$1,643$1,384$1,162$972$468
17 years$1,807$1,513$1,259$1,044$861$392
18 years$1,689$1,398$1,150$941$766$329
19 years$1,584$1,295$1,053$850$683$277
20 years$1,489$1,204$966$770$610$233
21 years$1,403$1,121$888$699$546$197
22 years$1,325$1,047$819$635$489$166
23 years$1,254$979$756$578$439$140
24 years$1,189$917$699$528$395$119
25 years$1,129$861$648$482$355$100
26 years$1,074$809$601$441$320$85
27 years$1,023$761$558$403$288$72
28 years$976$717$519$369$260$61
29 years$932$677$483$339$235$51
30 years$892$639$449$311$212$44
31 years$853$604$419$286$192$37
32 years$818$572$391$262$174$31
33 years$784$541$365$241$157$27
34 years$753$513$341$222$142$22
35 years$723$487$319$204$129$19
36 years$696$462$298$188$117$16
37 years$669$439$279$173$106$14
38 years$645$417$261$160$96$12
39 years$621$397$245$147$87$10
40 years$599$377$230$136$79$8
41 years$578$359$215$125$72$7
42 years$558$342$202$116$65$6
43 years$539$326$190$107$59$5
44 years$520$311$178$99$54$4
45 years$503$296$167$91$49$4
46 years$487$283$157$84$44$3
47 years$471$270$147$78$40$3
48 years$456$257$138$72$36$2
49 years$441$246$130$66$33$2
50 years$428$235$122$61$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $438,000, adding $6,972 every year, while hoping to spend $22,952 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: 59/33/8 Blend
44$438,000$438,000$438,000$438,000
45$489,868$466,654$459,865$517,497
46$515,413$465,099$450,849$535,321
47$542,796$462,699$440,763$551,520
48$572,177$459,387$429,545$568,613
49$603,737$455,096$417,133$586,685
50$637,672$449,749$403,460$605,834
51$674,198$443,270$388,459$626,168
52$713,551$435,574$372,057$647,805
53$755,991$426,576$354,179$670,879
54$801,804$416,180$334,746$695,536
55$851,304$404,289$313,677$721,940
56$904,837$390,799$290,884$750,272
57$962,781$375,599$266,280$780,732
58$1,025,553$358,571$239,768$813,545
59$1,093,612$339,594$211,253$848,956
60$1,167,461$318,535$180,631$887,241
61$1,247,656$295,257$147,796$928,703
62$1,334,806$269,613$112,636$973,679
63$1,429,581$241,449$75,034$1,022,541
64$1,532,720$210,602$34,870$1,075,704
65$1,645,035$176,899$0$1,133,625
66$1,767,419$140,158$0$1,197,494
67$1,900,857$100,186$0$1,270,409
68$2,046,429$56,780$0$1,350,027
69$2,205,328$9,726$0$1,437,045
70$2,378,864$0$0$1,532,239
71$2,568,483$0$0$1,651,426
72$2,775,771$0$0$1,785,617
73$3,002,481$0$0$1,932,416
74$3,250,537$0$0$2,093,076
75$3,522,062$0$0$2,268,975
76$3,819,392$0$0$2,461,631
77$4,145,098$0$0$2,672,717
78$4,502,015$0$0$2,904,073
79$4,893,262$0$0$3,157,728
80$5,322,276$0$0$3,435,915
81$5,792,841$0$0$3,741,095
82$6,309,125$0$0$4,075,976
83$6,875,722$0$0$4,443,544
84$7,497,688$0$0$4,847,086
85$8,180,594$0$0$5,290,223
86$8,930,579$0$0$5,776,946
87$9,754,402$0$0$6,311,649
88$10,659,511$0$0$6,899,174
89$11,654,112$0$0$7,544,853
90$12,747,243$0$0$8,254,564
91$13,948,863$0$0$9,034,780
92$15,269,941$0$0$9,892,632
93$16,722,566$0$0$10,835,979
94$18,320,055$0$0$11,873,478
95$20,077,078$0$0$13,014,667
96$22,009,801$0$0$14,270,055
97$24,136,035$0$0$15,651,221
98$26,475,405$0$0$17,170,923
99$29,049,530$0$0$18,843,218
100$31,882,236$0$0$20,683,595