Can I retire at age 45 with 304,000?

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 $304,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$25,104$24,880$24,662$24,449$24,241$23,850
2 years$12,428$12,196$11,972$11,754$11,544$11,150
3 years$8,203$7,970$7,747$7,531$7,324$6,940
4 years$6,091$5,859$5,638$5,426$5,223$4,853
5 years$4,824$4,594$4,375$4,168$3,971$3,615
6 years$3,980$3,751$3,536$3,333$3,142$2,801
7 years$3,377$3,150$2,938$2,740$2,555$2,229
8 years$2,925$2,700$2,492$2,299$2,120$1,809
9 years$2,574$2,351$2,146$1,958$1,785$1,489
10 years$2,293$2,072$1,871$1,688$1,521$1,239
11 years$2,063$1,845$1,647$1,469$1,308$1,041
12 years$1,872$1,656$1,462$1,288$1,134$880
13 years$1,710$1,496$1,306$1,137$989$748
14 years$1,572$1,360$1,174$1,010$867$639
15 years$1,452$1,243$1,060$900$763$548
16 years$1,347$1,140$961$806$674$472
17 years$1,254$1,050$874$724$598$407
18 years$1,172$970$798$653$532$352
19 years$1,099$899$731$590$474$305
20 years$1,033$836$670$534$423$265
21 years$974$778$617$485$379$231
22 years$920$726$568$441$340$201
23 years$870$679$525$402$305$175
24 years$825$637$485$366$274$153
25 years$784$597$450$334$246$133
26 years$746$561$417$306$222$116
27 years$710$528$387$280$200$102
28 years$678$498$360$256$181$89
29 years$647$470$335$235$163$78
30 years$619$444$312$216$147$68
31 years$592$419$291$198$133$60
32 years$568$397$271$182$121$52
33 years$544$376$253$168$109$46
34 years$523$356$237$154$99$40
35 years$502$338$221$142$89$35
36 years$483$321$207$131$81$31
37 years$465$305$194$120$73$27
38 years$447$289$181$111$67$24
39 years$431$275$170$102$60$21
40 years$416$262$159$94$55$18
41 years$401$249$149$87$50$16
42 years$387$237$140$80$45$14
43 years$374$226$132$74$41$12
44 years$361$216$123$68$37$11
45 years$349$206$116$63$34$10
46 years$338$196$109$58$31$8
47 years$327$187$102$54$28$7
48 years$316$179$96$50$25$6
49 years$306$171$90$46$23$6
50 years$297$163$85$43$21$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $304,000, adding $4,679 every year, while hoping to spend $22,317 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: 35/41/24 Blend
44$304,000$304,000$304,000$304,000
45$339,834$323,722$319,010$349,123
46$350,752$315,840$305,952$348,529
47$362,036$306,823$291,708$345,517
48$373,699$296,592$276,216$341,822
49$385,756$285,065$259,409$337,397
50$398,222$272,152$241,218$332,191
51$411,112$257,759$221,570$326,154
52$424,444$241,788$200,391$319,229
53$438,235$224,133$177,602$311,360
54$452,503$204,684$153,120$302,485
55$467,268$183,323$126,859$292,540
56$482,550$159,926$98,729$281,458
57$498,371$134,363$68,638$269,167
58$514,753$106,496$36,486$255,592
59$531,722$76,178$2,172$240,655
60$549,302$43,255$0$224,273
61$567,520$7,564$0$215,180
62$586,405$0$0$205,630
63$605,988$0$0$209,016
64$626,302$0$0$216,073
65$647,380$0$0$223,400
66$669,260$0$0$231,011
67$691,981$0$0$238,920
68$715,585$0$0$247,142
69$740,116$0$0$255,695
70$765,624$0$0$264,595
71$792,158$0$0$273,863
72$819,775$0$0$283,517
73$848,534$0$0$293,580
74$878,498$0$0$304,075
75$909,735$0$0$315,029
76$942,321$0$0$326,468
77$976,333$0$0$338,421
78$1,011,859$0$0$350,922
79$1,048,990$0$0$364,004
80$1,087,827$0$0$377,704
81$1,128,479$0$0$392,065
82$1,171,062$0$0$407,129
83$1,215,705$0$0$422,944
84$1,262,544$0$0$439,563
85$1,311,731$0$0$457,041
86$1,363,427$0$0$475,440
87$1,417,811$0$0$494,827
88$1,475,074$0$0$515,274
89$1,535,426$0$0$536,862
90$1,599,095$0$0$559,676
91$1,666,332$0$0$583,810
92$1,737,406$0$0$609,368
93$1,812,615$0$0$636,463
94$1,892,282$0$0$665,216
95$1,976,760$0$0$695,764
96$2,066,437$0$0$728,252
97$2,161,734$0$0$762,842
98$2,263,113$0$0$799,709
99$2,371,081$0$0$839,047
100$2,486,192$0$0$881,068