Can I retire at age 45 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$25,600$25,371$25,149$24,932$24,720$24,533
2 years$12,673$12,437$12,208$11,986$11,771$11,583
3 years$8,365$8,128$7,900$7,680$7,468$7,284
4 years$6,211$5,975$5,749$5,533$5,326$5,148
5 years$4,919$4,684$4,461$4,250$4,049$3,877
6 years$4,058$3,825$3,605$3,399$3,204$3,038
7 years$3,443$3,212$2,996$2,794$2,606$2,447
8 years$2,983$2,754$2,541$2,344$2,162$2,009
9 years$2,624$2,397$2,189$1,997$1,820$1,674
10 years$2,338$2,113$1,908$1,721$1,551$1,412
11 years$2,104$1,881$1,680$1,498$1,334$1,201
12 years$1,909$1,689$1,491$1,314$1,156$1,029
13 years$1,744$1,526$1,332$1,160$1,008$887
14 years$1,603$1,387$1,197$1,030$884$769
15 years$1,480$1,267$1,080$918$778$669
16 years$1,373$1,163$980$822$688$584
17 years$1,279$1,071$891$739$610$511
18 years$1,196$989$814$666$542$449
19 years$1,121$917$745$602$483$395
20 years$1,054$852$684$545$432$348
21 years$993$794$629$494$386$308
22 years$938$741$580$450$346$272
23 years$887$693$535$409$311$241
24 years$841$649$495$373$279$214
25 years$799$609$458$341$251$190
26 years$760$573$425$312$226$169
27 years$724$539$395$285$204$150
28 years$691$508$367$262$184$133
29 years$660$479$342$240$166$119
30 years$631$452$318$220$150$106
31 years$604$428$297$202$136$94
32 years$579$405$277$186$123$84
33 years$555$383$258$171$111$75
34 years$533$363$241$157$101$67
35 years$512$344$226$145$91$60
36 years$492$327$211$133$83$53
37 years$474$311$198$123$75$47
38 years$456$295$185$113$68$42
39 years$440$281$173$104$62$38
40 years$424$267$163$96$56$34
41 years$409$254$152$89$51$30
42 years$395$242$143$82$46$27
43 years$381$231$134$76$42$24
44 years$368$220$126$70$38$22
45 years$356$210$118$65$34$19
46 years$344$200$111$60$31$17
47 years$333$191$104$55$28$15
48 years$323$182$98$51$26$14
49 years$312$174$92$47$23$12
50 years$303$166$87$43$21$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $310,000, adding $2,753 every year, while hoping to spend $24,094 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: 36/43/21 Blend
44$310,000$310,000$310,000$310,000
45$344,460$328,030$323,225$354,585
46$353,959$318,467$308,417$352,673
47$363,619$307,629$292,306$348,172
48$373,432$295,426$274,821$342,820
49$383,387$281,767$255,892$336,555
50$393,470$266,552$235,443$329,312
51$403,668$249,677$213,394$321,020
52$413,963$231,032$189,664$311,605
53$424,336$210,501$164,166$300,988
54$434,763$187,960$136,811$289,085
55$445,219$163,280$107,504$275,807
56$455,674$136,324$76,148$261,059
57$466,094$106,945$42,640$244,741
58$476,442$74,991$6,874$226,743
59$486,672$40,299$0$206,953
60$496,738$2,699$0$192,260
61$506,585$0$0$177,623
62$516,149$0$0$179,364
63$525,363$0$0$182,219
64$534,148$0$0$184,879
65$542,419$0$0$187,309
66$550,077$0$0$189,469
67$557,014$0$0$191,315
68$563,111$0$0$192,800
69$568,232$0$0$193,867
70$572,227$0$0$194,458
71$574,929$0$0$194,505
72$576,154$0$0$193,933
73$575,695$0$0$192,660
74$573,324$0$0$190,593
75$568,786$0$0$187,632
76$561,801$0$0$183,663
77$552,055$0$0$178,562
78$539,204$0$0$172,189
79$522,863$0$0$164,392
80$502,608$0$0$155,001
81$477,969$0$0$143,828
82$448,425$0$0$130,665
83$413,402$0$0$115,283
84$372,263$0$0$97,427
85$324,303$0$0$76,818
86$268,745$0$0$53,143
87$204,728$0$0$26,062
88$131,301$0$0$0
89$47,413$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