Can I retire at age 45 with 351,000?

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 $351,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$28,985$28,727$28,475$28,229$27,989$27,743
2 years$14,349$14,082$13,823$13,572$13,328$13,080
3 years$9,471$9,203$8,944$8,696$8,456$8,214
4 years$7,033$6,765$6,509$6,265$6,031$5,796
5 years$5,570$5,304$5,051$4,812$4,585$4,358
6 years$4,595$4,331$4,082$3,848$3,628$3,410
7 years$3,899$3,637$3,392$3,164$2,950$2,741
8 years$3,377$3,118$2,877$2,654$2,447$2,247
9 years$2,971$2,715$2,478$2,261$2,061$1,870
10 years$2,647$2,393$2,160$1,949$1,756$1,573
11 years$2,382$2,130$1,902$1,696$1,510$1,336
12 years$2,161$1,912$1,688$1,488$1,309$1,143
13 years$1,974$1,728$1,508$1,313$1,141$983
14 years$1,815$1,570$1,355$1,166$1,001$850
15 years$1,676$1,435$1,223$1,040$881$738
16 years$1,555$1,316$1,109$931$779$643
17 years$1,448$1,212$1,009$836$690$562
18 years$1,354$1,120$921$754$614$493
19 years$1,269$1,038$843$681$547$433
20 years$1,193$965$774$617$489$381
21 years$1,124$899$712$560$437$335
22 years$1,062$839$656$509$392$296
23 years$1,005$785$606$464$352$262
24 years$953$735$560$423$316$231
25 years$905$690$519$386$285$205
26 years$861$648$481$353$256$182
27 years$820$610$447$323$231$161
28 years$782$575$416$296$209$143
29 years$747$542$387$272$188$127
30 years$714$512$360$249$170$113
31 years$684$484$336$229$154$100
32 years$655$458$313$210$139$89
33 years$629$434$293$193$126$79
34 years$603$411$273$178$114$71
35 years$580$390$256$164$103$63
36 years$557$370$239$151$94$56
37 years$536$352$224$139$85$50
38 years$517$334$210$128$77$44
39 years$498$318$196$118$70$39
40 years$480$302$184$109$63$35
41 years$463$288$173$101$57$31
42 years$447$274$162$93$52$28
43 years$432$261$152$86$47$25
44 years$417$249$143$79$43$22
45 years$403$237$134$73$39$20
46 years$390$226$126$67$35$18
47 years$377$216$118$62$32$16
48 years$365$206$111$58$29$14
49 years$354$197$104$53$26$12
50 years$343$188$98$49$24$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $351,000, adding $3,478 every year, while hoping to spend $27,455 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: 37/49/14 Blend
44$351,000$351,000$351,000$351,000
45$390,390$371,787$366,346$403,048
46$400,997$360,792$349,407$401,450
47$411,767$348,339$330,980$396,835
48$422,686$334,326$310,986$391,255
49$433,740$318,648$289,344$384,637
50$444,911$301,192$265,967$376,903
51$456,180$281,838$240,765$367,973
52$467,524$260,462$213,644$357,758
53$478,916$236,929$184,506$346,165
54$490,328$211,101$153,249$333,095
55$501,724$182,827$119,766$318,443
56$513,066$151,952$83,944$302,095
57$524,310$118,309$45,667$283,932
58$535,407$81,723$4,814$263,826
59$546,300$42,010$0$241,641
60$556,928$0$0$223,025
61$567,219$0$0$203,729
62$577,094$0$0$206,887
63$586,466$0$0$209,813
64$595,234$0$0$212,465
65$603,289$0$0$214,797
66$610,506$0$0$216,757
67$616,749$0$0$218,289
68$621,863$0$0$219,329
69$625,678$0$0$219,807
70$628,005$0$0$219,643
71$628,632$0$0$218,752
72$627,325$0$0$217,036
73$623,824$0$0$214,387
74$617,840$0$0$210,688
75$609,052$0$0$205,806
76$597,106$0$0$199,596
77$581,609$0$0$191,895
78$562,124$0$0$182,525
79$538,170$0$0$171,288
80$509,211$0$0$157,963
81$474,657$0$0$142,310
82$433,854$0$0$124,059
83$386,079$0$0$102,915
84$330,532$0$0$78,549
85$266,328$0$0$50,600
86$192,492$0$0$18,667
87$107,943$0$0$0
88$11,488$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