Can I retire at age 45 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$33,527$33,228$32,937$32,653$32,375$31,957
2 years$16,598$16,288$15,989$15,698$15,417$14,996
3 years$10,955$10,645$10,346$10,058$9,781$9,371
4 years$8,134$7,825$7,529$7,246$6,976$6,580
5 years$6,443$6,135$5,843$5,566$5,303$4,922
6 years$5,315$5,010$4,722$4,451$4,196$3,830
7 years$4,510$4,207$3,924$3,659$3,413$3,062
8 years$3,906$3,606$3,328$3,070$2,831$2,496
9 years$3,437$3,140$2,866$2,615$2,384$2,064
10 years$3,062$2,768$2,499$2,254$2,031$1,727
11 years$2,755$2,464$2,200$1,962$1,747$1,457
12 years$2,500$2,211$1,952$1,721$1,514$1,238
13 years$2,284$1,998$1,744$1,519$1,320$1,059
14 years$2,099$1,817$1,567$1,348$1,157$909
15 years$1,939$1,659$1,415$1,203$1,019$784
16 years$1,799$1,523$1,283$1,077$901$679
17 years$1,675$1,402$1,167$967$799$589
18 years$1,566$1,296$1,066$872$710$512
19 years$1,468$1,201$976$788$633$447
20 years$1,380$1,116$895$714$565$390
21 years$1,300$1,039$824$648$506$341
22 years$1,228$970$759$589$453$299
23 years$1,162$907$701$536$407$262
24 years$1,102$850$648$489$366$230
25 years$1,047$798$600$447$329$202
26 years$996$750$557$408$297$178
27 years$949$706$517$374$267$156
28 years$905$665$481$342$241$138
29 years$864$627$447$314$218$121
30 years$826$592$417$288$197$107
31 years$791$560$388$265$178$94
32 years$758$530$362$243$161$83
33 years$727$502$338$224$146$73
34 years$698$476$316$206$132$65
35 years$671$451$296$189$119$57
36 years$645$428$277$175$108$50
37 years$620$407$259$161$98$44
38 years$597$387$242$148$89$39
39 years$576$368$227$137$81$35
40 years$555$350$213$126$73$31
41 years$535$333$200$116$66$27
42 years$517$317$187$107$60$24
43 years$499$302$176$99$55$21
44 years$482$288$165$91$50$19
45 years$466$275$155$84$45$17
46 years$451$262$145$78$41$15
47 years$436$250$137$72$37$13
48 years$423$239$128$67$34$11
49 years$409$228$121$62$31$10
50 years$396$218$113$57$28$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $406,000, adding $5,657 every year, while hoping to spend $27,026 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: 51/37/12 Blend
44$406,000$406,000$406,000$406,000
45$453,247$431,729$425,436$474,631
46$470,723$424,128$410,933$482,269
47$489,075$415,250$395,038$487,234
48$508,366$405,001$377,676$492,013
49$528,660$393,287$358,769$496,599
50$550,029$380,004$338,234$500,981
51$572,553$365,046$315,986$505,151
52$596,317$348,296$291,935$509,101
53$621,414$329,635$265,987$512,826
54$647,945$308,934$238,045$516,320
55$676,021$286,058$208,005$519,582
56$705,764$260,863$175,762$522,609
57$737,306$233,199$141,203$525,404
58$770,790$202,905$104,213$527,972
59$806,376$169,813$64,669$530,321
60$844,236$133,743$22,445$532,463
61$884,559$94,508$0$534,416
62$927,553$51,908$0$539,096
63$973,444$5,732$0$546,892
64$1,022,482$0$0$554,979
65$1,074,939$0$0$581,434
66$1,131,113$0$0$612,290
67$1,191,333$0$0$645,397
68$1,255,958$0$0$680,957
69$1,325,383$0$0$719,190
70$1,400,041$0$0$760,339
71$1,480,406$0$0$804,671
72$1,567,003$0$0$852,479
73$1,660,403$0$0$904,083
74$1,761,238$0$0$959,838
75$1,870,199$0$0$1,020,131
76$1,988,048$0$0$1,085,389
77$2,115,620$0$0$1,156,081
78$2,253,836$0$0$1,232,723
79$2,403,706$0$0$1,315,883
80$2,566,342$0$0$1,406,184
81$2,742,967$0$0$1,504,312
82$2,934,926$0$0$1,611,022
83$3,143,698$0$0$1,727,144
84$3,370,911$0$0$1,853,593
85$3,618,357$0$0$1,991,373
86$3,888,006$0$0$2,141,591
87$4,182,027$0$0$2,305,465
88$4,502,807$0$0$2,484,336
89$4,852,976$0$0$2,679,678
90$5,235,424$0$0$2,893,116
91$5,653,336$0$0$3,126,438
92$6,110,218$0$0$3,381,613
93$6,609,930$0$0$3,660,809
94$7,156,721$0$0$3,966,412
95$7,755,271$0$0$4,301,051
96$8,410,733$0$0$4,667,621
97$9,128,781$0$0$5,069,308
98$9,915,666$0$0$5,509,623
99$10,778,268$0$0$5,992,433
100$11,724,169$0$0$6,521,995