Can I retire at age 45 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$32,123$31,837$31,558$31,285$31,019$30,294
2 years$15,903$15,606$15,319$15,041$14,771$14,045
3 years$10,496$10,199$9,913$9,637$9,371$8,666
4 years$7,794$7,497$7,214$6,943$6,684$6,005
5 years$6,173$5,878$5,598$5,333$5,081$4,431
6 years$5,092$4,800$4,524$4,265$4,020$3,400
7 years$4,321$4,031$3,760$3,506$3,270$2,679
8 years$3,743$3,455$3,188$2,941$2,712$2,151
9 years$3,293$3,008$2,746$2,505$2,284$1,752
10 years$2,934$2,652$2,394$2,160$1,946$1,442
11 years$2,640$2,361$2,108$1,880$1,674$1,197
12 years$2,395$2,119$1,871$1,649$1,451$1,000
13 years$2,188$1,915$1,671$1,455$1,265$841
14 years$2,011$1,741$1,502$1,292$1,109$710
15 years$1,858$1,590$1,356$1,152$976$601
16 years$1,723$1,459$1,229$1,032$863$511
17 years$1,605$1,343$1,119$927$765$435
18 years$1,500$1,241$1,021$835$680$371
19 years$1,406$1,151$935$755$606$318
20 years$1,322$1,069$858$684$542$272
21 years$1,246$996$789$620$485$233
22 years$1,177$930$727$564$434$200
23 years$1,114$869$672$514$390$172
24 years$1,056$815$621$469$351$148
25 years$1,003$764$575$428$315$127
26 years$954$718$533$391$284$110
27 years$909$676$495$358$256$95
28 years$867$637$461$328$231$82
29 years$828$601$429$301$209$70
30 years$792$568$399$276$189$61
31 years$758$537$372$254$170$52
32 years$726$508$347$233$154$45
33 years$697$481$324$214$140$39
34 years$669$456$303$197$126$34
35 years$643$432$283$182$114$29
36 years$618$410$265$167$104$25
37 years$594$390$248$154$94$22
38 years$572$370$232$142$85$19
39 years$552$352$218$131$77$16
40 years$532$335$204$121$70$14
41 years$513$319$191$111$64$12
42 years$495$304$179$103$58$10
43 years$478$289$168$95$52$9
44 years$462$276$158$88$48$8
45 years$447$263$148$81$43$7
46 years$432$251$139$75$39$6
47 years$418$239$131$69$36$5
48 years$405$229$123$64$32$4
49 years$392$218$116$59$29$4
50 years$380$209$109$55$27$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $389,000, adding $6,678 every year, while hoping to spend $28,313 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: 59/24/17 Blend
44$389,000$389,000$389,000$389,000
45$435,566$414,949$408,920$458,975
46$449,869$405,157$392,494$465,796
47$464,682$393,936$374,569$469,527
48$480,027$381,186$355,064$472,943
49$495,928$366,802$333,897$476,019
50$512,409$350,672$310,978$478,728
51$529,497$332,677$286,218$481,041
52$547,219$312,692$259,521$482,928
53$565,606$290,585$230,785$484,357
54$584,690$266,215$199,909$485,297
55$604,504$239,436$166,781$485,711
56$625,085$210,089$131,290$485,566
57$646,471$178,011$93,315$484,823
58$668,704$143,026$52,734$483,444
59$691,827$104,950$9,416$481,389
60$715,889$63,588$0$478,616
61$740,941$18,735$0$481,758
62$767,036$0$0$486,350
63$794,235$0$0$498,541
64$822,601$0$0$516,422
65$852,201$0$0$535,087
66$883,110$0$0$554,585
67$915,407$0$0$574,967
68$949,178$0$0$596,287
69$984,517$0$0$618,607
70$1,021,523$0$0$641,991
71$1,060,307$0$0$666,508
72$1,100,986$0$0$692,236
73$1,143,690$0$0$719,257
74$1,188,556$0$0$747,662
75$1,235,738$0$0$777,547
76$1,285,399$0$0$809,020
77$1,337,720$0$0$842,196
78$1,392,895$0$0$877,202
79$1,451,139$0$0$914,175
80$1,512,683$0$0$953,266
81$1,577,780$0$0$994,638
82$1,646,707$0$0$1,038,470
83$1,719,767$0$0$1,084,959
84$1,797,289$0$0$1,134,316
85$1,879,636$0$0$1,186,777
86$1,967,200$0$0$1,242,598
87$2,060,415$0$0$1,302,056
88$2,159,754$0$0$1,365,461
89$2,265,734$0$0$1,433,146
90$2,378,924$0$0$1,505,480
91$2,499,944$0$0$1,582,865
92$2,629,478$0$0$1,665,745
93$2,768,271$0$0$1,754,603
94$2,917,145$0$0$1,849,972
95$3,077,000$0$0$1,952,435
96$3,248,822$0$0$2,062,633
97$3,433,696$0$0$2,181,269
98$3,632,812$0$0$2,309,116
99$3,847,477$0$0$2,447,022
100$4,079,129$0$0$2,595,920