Can I retire at age 45 with 301,000?

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 $301,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$24,856$24,635$24,419$24,208$24,002$23,722
2 years$12,305$12,076$11,854$11,638$11,430$11,148
3 years$8,122$7,892$7,670$7,457$7,251$6,976
4 years$6,031$5,801$5,582$5,372$5,172$4,906
5 years$4,776$4,548$4,332$4,126$3,931$3,675
6 years$3,940$3,714$3,501$3,300$3,111$2,865
7 years$3,343$3,119$2,909$2,713$2,530$2,294
8 years$2,896$2,674$2,467$2,276$2,099$1,873
9 years$2,548$2,328$2,125$1,939$1,768$1,552
10 years$2,270$2,052$1,853$1,671$1,506$1,300
11 years$2,043$1,827$1,631$1,454$1,295$1,099
12 years$1,853$1,640$1,447$1,276$1,122$936
13 years$1,693$1,482$1,293$1,126$979$802
14 years$1,556$1,347$1,162$1,000$858$690
15 years$1,437$1,230$1,049$892$755$597
16 years$1,334$1,129$951$798$668$517
17 years$1,242$1,040$866$717$592$450
18 years$1,161$961$790$646$526$392
19 years$1,088$890$723$584$469$343
20 years$1,023$827$664$529$419$300
21 years$964$771$611$480$375$263
22 years$911$719$563$437$336$231
23 years$862$673$520$398$302$203
24 years$817$630$481$363$271$179
25 years$776$592$445$331$244$157
26 years$738$556$413$303$220$139
27 years$703$523$383$277$198$122
28 years$671$493$356$254$179$108
29 years$641$465$332$233$161$95
30 years$613$439$309$214$146$84
31 years$587$415$288$196$132$74
32 years$562$393$269$180$119$66
33 years$539$372$251$166$108$58
34 years$517$353$234$153$98$51
35 years$497$334$219$140$89$45
36 years$478$317$205$129$80$40
37 years$460$302$192$119$73$36
38 years$443$287$180$110$66$32
39 years$427$272$168$101$60$28
40 years$412$259$158$93$54$25
41 years$397$247$148$86$49$22
42 years$383$235$139$80$45$19
43 years$370$224$130$73$41$17
44 years$358$213$122$68$37$15
45 years$346$204$115$63$33$14
46 years$334$194$108$58$30$12
47 years$324$185$101$53$28$11
48 years$313$177$95$49$25$9
49 years$303$169$89$46$23$8
50 years$294$161$84$42$21$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $301,000, adding $4,300 every year, while hoping to spend $24,208 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: 66/15/19 Blend
44$301,000$301,000$301,000$301,000
45$336,137$320,184$315,519$356,458
46$344,666$310,116$300,332$360,541
47$353,254$298,744$283,824$361,822
48$361,880$285,977$265,927$362,641
49$370,523$271,721$246,567$362,952
50$379,158$255,876$225,668$362,707
51$387,754$238,336$203,150$361,853
52$396,280$218,990$178,931$360,330
53$404,698$197,718$152,922$358,078
54$412,967$174,396$125,035$355,028
55$421,040$148,891$95,173$351,106
56$428,863$121,064$63,239$346,234
57$436,377$90,766$29,128$340,324
58$443,518$57,844$0$333,282
59$450,209$22,130$0$326,482
60$456,368$0$0$324,736
61$461,903$0$0$324,768
62$466,711$0$0$327,912
63$470,677$0$0$330,433
64$473,672$0$0$332,237
65$475,555$0$0$333,220
66$476,168$0$0$333,267
67$475,334$0$0$332,249
68$472,859$0$0$330,025
69$468,527$0$0$326,436
70$462,097$0$0$321,307
71$453,303$0$0$314,446
72$441,850$0$0$305,635
73$427,412$0$0$294,639
74$409,626$0$0$281,192
75$388,094$0$0$265,004
76$362,370$0$0$245,750
77$331,965$0$0$223,075
78$296,337$0$0$196,584
79$254,886$0$0$165,839
80$206,949$0$0$130,358
81$151,794$0$0$89,607
82$88,611$0$0$42,998
83$16,504$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0