Can I retire at age 45 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$30,554$30,282$30,017$29,757$29,504$28,526
2 years$15,126$14,844$14,571$14,306$14,050$13,073
3 years$9,984$9,701$9,428$9,166$8,914$7,970
4 years$7,413$7,131$6,862$6,604$6,357$5,454
5 years$5,871$5,591$5,325$5,072$4,833$3,972
6 years$4,844$4,565$4,303$4,056$3,824$3,006
7 years$4,110$3,834$3,576$3,335$3,110$2,335
8 years$3,560$3,286$3,033$2,798$2,580$1,847
9 years$3,132$2,861$2,612$2,383$2,173$1,482
10 years$2,790$2,522$2,277$2,054$1,851$1,201
11 years$2,511$2,245$2,005$1,788$1,592$981
12 years$2,278$2,015$1,779$1,568$1,380$807
13 years$2,081$1,821$1,590$1,384$1,203$666
14 years$1,913$1,655$1,428$1,229$1,055$553
15 years$1,767$1,512$1,290$1,096$929$460
16 years$1,639$1,388$1,169$981$821$384
17 years$1,527$1,278$1,064$882$728$321
18 years$1,427$1,181$971$795$647$269
19 years$1,338$1,094$889$718$577$226
20 years$1,258$1,017$816$650$515$190
21 years$1,185$947$751$590$461$160
22 years$1,119$884$692$537$413$135
23 years$1,059$827$639$489$371$113
24 years$1,004$775$591$446$333$96
25 years$954$727$547$407$300$81
26 years$907$683$507$372$270$68
27 years$864$643$471$341$244$57
28 years$825$606$438$312$220$49
29 years$788$572$408$286$199$41
30 years$753$540$380$263$179$35
31 years$721$510$354$241$162$29
32 years$691$483$330$222$147$25
33 years$663$457$308$204$133$21
34 years$636$433$288$188$120$18
35 years$611$411$269$173$109$15
36 years$588$390$252$159$99$13
37 years$565$371$236$147$89$11
38 years$544$352$221$135$81$9
39 years$525$335$207$125$73$8
40 years$506$319$194$115$67$6
41 years$488$303$182$106$60$5
42 years$471$289$171$98$55$5
43 years$455$275$160$90$50$4
44 years$440$262$150$83$45$3
45 years$425$250$141$77$41$3
46 years$411$239$133$71$37$2
47 years$398$228$124$66$34$2
48 years$385$217$117$61$31$2
49 years$373$208$110$56$28$1
50 years$361$198$103$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $370,000, adding $2,303 every year, while hoping to spend $22,432 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: 54/25/21 Blend
44$370,000$370,000$370,000$370,000
45$410,116$390,506$384,771$429,794
46$428,080$385,773$373,793$438,812
47$447,125$380,056$361,696$446,076
48$467,337$373,284$348,418$453,504
49$488,810$365,381$333,895$461,117
50$511,649$356,264$318,060$468,942
51$535,966$345,850$300,845$477,008
52$561,886$334,048$282,174$485,351
53$589,544$320,762$261,972$494,008
54$619,088$305,890$240,160$503,025
55$650,683$289,327$216,653$512,452
56$684,507$270,958$191,365$522,348
57$720,755$250,664$164,204$532,778
58$759,643$228,317$135,076$543,816
59$801,407$203,785$103,881$555,546
60$846,306$176,926$70,517$568,063
61$894,624$147,590$34,874$581,473
62$946,673$115,619$0$595,897
63$1,002,797$80,847$0$612,177
64$1,063,371$43,098$0$638,142
65$1,128,809$2,184$0$666,166
66$1,199,567$0$0$696,469
67$1,276,145$0$0$740,872
68$1,359,091$0$0$789,648
69$1,449,011$0$0$842,555
70$1,546,568$0$0$899,988
71$1,652,493$0$0$962,381
72$1,767,590$0$0$1,030,212
73$1,892,743$0$0$1,104,006
74$2,028,925$0$0$1,184,341
75$2,177,205$0$0$1,271,855
76$2,338,762$0$0$1,367,246
77$2,514,892$0$0$1,471,285
78$2,707,021$0$0$1,584,821
79$2,916,718$0$0$1,708,786
80$3,145,712$0$0$1,844,209
81$3,395,906$0$0$1,992,220
82$3,669,393$0$0$2,154,066
83$3,968,479$0$0$2,331,116
84$4,295,704$0$0$2,524,882
85$4,653,863$0$0$2,737,026
86$5,046,034$0$0$2,969,379
87$5,475,607$0$0$3,223,956
88$5,946,315$0$0$3,502,980
89$6,462,269$0$0$3,808,894
90$7,027,998$0$0$4,144,392
91$7,648,488$0$0$4,512,442
92$8,329,233$0$0$4,916,310
93$9,076,283$0$0$5,359,597
94$9,896,301$0$0$5,846,266
95$10,796,631$0$0$6,380,685
96$11,785,357$0$0$6,967,665
97$12,871,389$0$0$7,612,505
98$14,064,539$0$0$8,321,045
99$15,375,620$0$0$9,099,715
100$16,816,540$0$0$9,955,603