Can I retire at age 45 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$32,288$32,001$31,720$31,446$31,179$30,562
2 years$15,984$15,687$15,398$15,118$14,847$14,228
3 years$10,550$10,251$9,964$9,687$9,420$8,818
4 years$7,834$7,536$7,251$6,979$6,718$6,138
5 years$6,204$5,908$5,627$5,360$5,107$4,551
6 years$5,119$4,825$4,547$4,287$4,041$3,509
7 years$4,343$4,052$3,779$3,524$3,286$2,779
8 years$3,762$3,473$3,205$2,956$2,726$2,243
9 years$3,310$3,024$2,760$2,518$2,296$1,836
10 years$2,949$2,665$2,407$2,171$1,956$1,520
11 years$2,653$2,373$2,119$1,889$1,683$1,269
12 years$2,407$2,130$1,880$1,657$1,458$1,067
13 years$2,199$1,925$1,680$1,463$1,271$902
14 years$2,021$1,749$1,509$1,299$1,115$766
15 years$1,867$1,598$1,363$1,158$981$653
16 years$1,732$1,466$1,236$1,037$867$558
17 years$1,613$1,350$1,124$932$769$479
18 years$1,508$1,248$1,026$840$684$411
19 years$1,414$1,156$940$759$609$354
20 years$1,329$1,075$862$687$544$305
21 years$1,252$1,001$793$624$487$264
22 years$1,183$934$731$567$437$228
23 years$1,119$874$675$516$392$197
24 years$1,061$819$624$471$352$171
25 years$1,008$768$578$430$317$148
26 years$959$722$536$393$286$129
27 years$914$680$498$360$257$112
28 years$871$640$463$330$232$97
29 years$832$604$431$302$210$84
30 years$796$571$401$278$190$73
31 years$762$539$374$255$171$64
32 years$730$510$349$234$155$55
33 years$700$483$326$215$140$48
34 years$672$458$304$198$127$42
35 years$646$434$285$182$115$36
36 years$621$412$266$168$104$32
37 years$598$392$249$155$94$28
38 years$575$372$233$143$86$24
39 years$554$354$219$132$78$21
40 years$535$337$205$121$70$18
41 years$516$321$192$112$64$16
42 years$498$305$180$103$58$14
43 years$481$291$169$95$53$12
44 years$465$277$159$88$48$10
45 years$449$264$149$81$43$9
46 years$434$252$140$75$39$8
47 years$420$241$132$69$36$7
48 years$407$230$124$64$32$6
49 years$394$219$116$59$29$5
50 years$382$210$109$55$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $391,000, adding $3,507 every year, while hoping to spend $26,854 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: 59/23/18 Blend
44$391,000$391,000$391,000$391,000
45$434,499$413,776$407,716$457,902
46$450,246$405,479$392,802$465,858
47$466,699$395,875$376,488$471,273
48$483,901$384,872$358,700$476,565
49$501,900$372,372$339,358$481,728
50$520,748$358,272$318,380$486,755
51$540,499$342,462$295,681$491,638
52$561,214$324,827$271,170$496,373
53$582,957$305,243$244,754$500,955
54$605,800$283,581$216,334$505,381
55$629,820$259,705$185,809$509,648
56$655,100$233,469$153,072$513,756
57$681,731$204,719$118,011$517,708
58$709,812$173,295$80,509$521,506
59$739,452$139,026$40,445$525,157
60$770,768$101,730$0$528,671
61$803,889$61,218$0$532,504
62$838,955$17,287$0$544,548
63$876,120$0$0$557,076
64$915,550$0$0$577,805
65$957,430$0$0$604,484
66$1,001,959$0$0$632,868
67$1,049,356$0$0$663,099
68$1,099,861$0$0$695,333
69$1,153,738$0$0$729,739
70$1,211,273$0$0$766,505
71$1,272,782$0$0$805,834
72$1,338,610$0$0$847,951
73$1,409,137$0$0$893,101
74$1,484,779$0$0$941,554
75$1,565,991$0$0$993,606
76$1,653,274$0$0$1,049,582
77$1,747,179$0$0$1,109,839
78$1,848,307$0$0$1,174,767
79$1,957,322$0$0$1,244,797
80$2,074,953$0$0$1,320,402
81$2,201,998$0$0$1,402,100
82$2,339,337$0$0$1,490,463
83$2,487,935$0$0$1,586,117
84$2,648,856$0$0$1,689,752
85$2,823,265$0$0$1,802,127
86$3,012,447$0$0$1,924,074
87$3,217,814$0$0$2,056,511
88$3,440,918$0$0$2,200,446
89$3,683,468$0$0$2,356,988
90$3,947,343$0$0$2,527,360
91$4,234,610$0$0$2,712,902
92$4,547,544$0$0$2,915,095
93$4,888,649$0$0$3,135,563
94$5,260,680$0$0$3,376,098
95$5,666,671$0$0$3,638,670
96$6,109,958$0$0$3,925,447
97$6,594,218$0$0$4,238,819
98$7,123,494$0$0$4,581,413
99$7,702,242$0$0$4,956,124
100$8,335,366$0$0$5,366,138