Can I retire at age 45 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$34,766$34,456$34,154$33,859$33,571$33,042
2 years$17,211$16,890$16,580$16,278$15,986$15,455
3 years$11,360$11,038$10,728$10,430$10,142$9,625
4 years$8,435$8,114$7,807$7,514$7,234$6,734
5 years$6,681$6,362$6,059$5,771$5,499$5,019
6 years$5,511$5,195$4,896$4,616$4,351$3,891
7 years$4,676$4,362$4,069$3,795$3,539$3,098
8 years$4,051$3,739$3,451$3,183$2,936$2,515
9 years$3,564$3,256$2,972$2,711$2,472$2,072
10 years$3,175$2,870$2,591$2,337$2,106$1,725
11 years$2,857$2,555$2,281$2,034$1,812$1,450
12 years$2,592$2,293$2,025$1,784$1,570$1,227
13 years$2,368$2,072$1,809$1,575$1,369$1,044
14 years$2,176$1,884$1,625$1,398$1,200$892
15 years$2,010$1,721$1,467$1,247$1,057$766
16 years$1,865$1,579$1,330$1,117$934$660
17 years$1,737$1,454$1,211$1,003$828$570
18 years$1,624$1,344$1,105$904$736$493
19 years$1,522$1,245$1,012$817$656$428
20 years$1,431$1,157$928$740$586$372
21 years$1,348$1,078$854$672$525$323
22 years$1,274$1,006$787$611$470$282
23 years$1,205$941$727$556$422$246
24 years$1,143$882$672$507$379$215
25 years$1,085$827$623$463$341$187
26 years$1,033$778$577$423$307$164
27 years$984$732$536$388$277$143
28 years$938$690$498$355$250$126
29 years$896$651$464$326$226$110
30 years$857$614$432$299$204$96
31 years$820$581$403$275$185$84
32 years$786$550$376$252$167$74
33 years$754$520$351$232$151$65
34 years$724$493$328$213$137$57
35 years$695$468$306$196$124$50
36 years$669$444$287$181$112$44
37 years$643$422$268$167$102$38
38 years$620$401$251$154$92$34
39 years$597$381$235$142$84$30
40 years$576$363$221$131$76$26
41 years$555$345$207$121$69$23
42 years$536$329$194$111$62$20
43 years$518$313$182$103$57$18
44 years$500$299$171$95$51$15
45 years$484$285$161$88$47$14
46 years$468$272$151$81$42$12
47 years$453$259$142$75$39$11
48 years$438$247$133$69$35$9
49 years$424$236$125$64$32$8
50 years$411$226$118$59$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $421,000, adding $4,830 every year, while hoping to spend $27,089 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: 66/29/5 Blend
44$421,000$421,000$421,000$421,000
45$468,924$446,611$440,086$499,248
46$487,932$439,673$426,006$513,047
47$507,971$431,486$410,547$524,408
48$529,117$421,962$393,633$536,095
49$551,454$411,005$375,187$548,135
50$575,073$398,515$355,126$560,560
51$600,073$384,385$333,366$573,406
52$626,563$368,503$309,816$586,712
53$654,661$350,748$284,384$600,525
54$684,498$330,996$256,972$614,894
55$716,214$309,112$227,478$629,877
56$749,965$284,956$195,796$645,539
57$785,921$258,378$161,814$661,952
58$824,267$229,221$125,417$679,197
59$865,207$197,317$86,483$697,366
60$908,964$162,492$44,887$716,561
61$955,783$124,559$495$736,896
62$1,005,931$83,321$0$758,500
63$1,059,704$38,571$0$784,017
64$1,117,423$0$0$811,298
65$1,179,443$0$0$843,664
66$1,246,152$0$0$891,737
67$1,317,977$0$0$943,517
68$1,395,387$0$0$999,344
69$1,478,897$0$0$1,059,592
70$1,569,072$0$0$1,124,673
71$1,666,533$0$0$1,195,037
72$1,771,964$0$0$1,271,182
73$1,886,116$0$0$1,353,652
74$2,009,813$0$0$1,443,048
75$2,143,964$0$0$1,540,029
76$2,289,567$0$0$1,645,320
77$2,447,719$0$0$1,759,719
78$2,619,628$0$0$1,884,105
79$2,806,623$0$0$2,019,442
80$3,010,164$0$0$2,166,792
81$3,231,860$0$0$2,327,326
82$3,473,481$0$0$2,502,329
83$3,736,975$0$0$2,693,217
84$4,024,485$0$0$2,901,548
85$4,338,370$0$0$3,129,039
86$4,681,228$0$0$3,377,577
87$5,055,919$0$0$3,649,241
88$5,465,590$0$0$3,946,320
89$5,913,708$0$0$4,271,334
90$6,404,088$0$0$4,627,058
91$6,940,934$0$0$5,016,548
92$7,528,871$0$0$5,443,167
93$8,172,998$0$0$5,910,622
94$8,878,925$0$0$6,422,993
95$9,652,833$0$0$6,984,775
96$10,501,531$0$0$7,600,918
97$11,432,515$0$0$8,276,874
98$12,454,043$0$0$9,018,649
99$13,575,213$0$0$9,832,856
100$14,806,045$0$0$10,726,783