Can I retire at age 45 with 353,000?

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 $353,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$29,150$28,891$28,637$28,390$28,149$27,983
2 years$14,431$14,162$13,902$13,649$13,404$13,237
3 years$9,525$9,255$8,995$8,745$8,504$8,341
4 years$7,073$6,803$6,546$6,300$6,065$5,907
5 years$5,601$5,334$5,080$4,839$4,611$4,458
6 years$4,621$4,356$4,106$3,870$3,648$3,501
7 years$3,921$3,658$3,412$3,182$2,967$2,825
8 years$3,396$3,135$2,893$2,669$2,461$2,325
9 years$2,988$2,730$2,492$2,273$2,073$1,943
10 years$2,662$2,406$2,173$1,960$1,766$1,641
11 years$2,396$2,142$1,913$1,706$1,519$1,400
12 years$2,173$1,923$1,698$1,496$1,316$1,203
13 years$1,986$1,738$1,517$1,321$1,148$1,039
14 years$1,825$1,579$1,363$1,172$1,006$903
15 years$1,686$1,443$1,230$1,046$886$788
16 years$1,564$1,324$1,115$936$783$690
17 years$1,457$1,219$1,015$841$694$606
18 years$1,361$1,127$927$758$617$533
19 years$1,276$1,044$848$685$550$471
20 years$1,200$970$778$620$491$416
21 years$1,131$904$716$563$440$369
22 years$1,068$844$660$512$394$327
23 years$1,011$789$609$466$354$291
24 years$958$739$564$425$318$258
25 years$910$694$522$388$286$230
26 years$866$652$484$355$258$205
27 years$825$614$450$325$232$183
28 years$787$578$418$298$210$163
29 years$751$545$389$273$189$146
30 years$719$515$362$251$171$130
31 years$688$487$338$230$155$116
32 years$659$461$315$212$140$104
33 years$632$436$294$195$127$93
34 years$607$414$275$179$115$83
35 years$583$392$257$165$104$75
36 years$561$372$240$152$94$67
37 years$539$354$225$140$85$60
38 years$519$336$211$129$77$54
39 years$501$320$197$119$70$48
40 years$483$304$185$110$64$43
41 years$466$289$174$101$58$39
42 years$449$276$163$93$52$35
43 years$434$263$153$86$48$31
44 years$419$250$143$80$43$28
45 years$405$239$135$73$39$25
46 years$392$228$126$68$36$22
47 years$379$217$119$63$32$20
48 years$367$207$112$58$29$18
49 years$356$198$105$54$27$16
50 years$345$189$99$49$24$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $353,000, adding $6,921 every year, while hoping to spend $21,900 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: 24/46/30 Blend
44$353,000$353,000$353,000$353,000
45$396,145$377,436$371,965$401,821
46$413,250$372,629$361,124$402,401
47$431,366$366,852$349,186$400,746
48$450,573$360,036$336,091$398,519
49$470,958$352,104$321,777$395,690
50$492,617$342,978$306,177$392,224
51$515,654$332,574$289,224$388,087
52$540,183$320,803$270,846$383,245
53$566,331$307,571$250,968$377,663
54$594,233$292,779$229,512$371,305
55$624,041$276,321$206,397$364,134
56$655,919$258,086$181,537$356,114
57$690,048$237,957$154,844$347,208
58$726,625$215,810$126,223$337,380
59$765,869$191,512$95,579$326,594
60$808,016$164,925$62,810$314,814
61$853,330$135,902$27,811$302,007
62$902,097$104,289$0$288,139
63$954,632$69,921$0$276,233
64$1,011,283$32,625$0$272,905
65$1,072,429$0$0$269,255
66$1,138,489$0$0$269,239
67$1,209,922$0$0$287,128
68$1,287,234$0$0$306,540
69$1,370,979$0$0$327,621
70$1,461,768$0$0$350,531
71$1,560,273$0$0$375,447
72$1,667,231$0$0$402,563
73$1,783,456$0$0$432,093
74$1,909,839$0$0$464,271
75$2,047,364$0$0$499,358
76$2,197,113$0$0$537,636
77$2,360,275$0$0$579,420
78$2,538,159$0$0$625,055
79$2,732,208$0$0$674,921
80$2,944,007$0$0$729,435
81$3,175,302$0$0$789,058
82$3,428,017$0$0$854,298
83$3,704,266$0$0$925,711
84$4,006,381$0$0$1,003,914
85$4,336,926$0$0$1,089,582
86$4,698,727$0$0$1,183,461
87$5,094,893$0$0$1,286,373
88$5,528,850$0$0$1,399,220
89$6,004,371$0$0$1,523,000
90$6,525,610$0$0$1,658,809
91$7,097,142$0$0$1,807,854
92$7,724,007$0$0$1,971,468
93$8,411,755$0$0$2,151,115
94$9,166,500$0$0$2,348,411
95$9,994,977$0$0$2,565,134
96$10,904,603$0$0$2,803,244
97$11,903,551$0$0$3,064,901
98$13,000,822$0$0$3,352,481
99$14,206,332$0$0$3,668,607
100$15,531,007$0$0$4,016,163