Can I retire at age 45 with 2,780,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$229,570$227,525$225,530$223,583$221,681$218,549
2 years$113,648$111,532$109,481$107,492$105,562$102,413
3 years$75,013$72,887$70,841$68,871$66,973$63,904
4 years$55,699$53,580$51,554$49,618$47,766$44,801
5 years$44,114$42,007$40,008$38,111$36,311$33,459
6 years$36,393$34,302$32,333$30,478$28,732$25,995
7 years$30,880$28,807$26,869$25,057$23,366$20,747
8 years$26,747$24,693$22,787$21,020$19,385$16,883
9 years$23,534$21,500$19,626$17,904$16,325$13,938
10 years$20,966$18,951$17,110$15,434$13,909$11,637
11 years$18,866$16,871$15,064$13,432$11,963$9,801
12 years$17,117$15,142$13,369$11,782$10,367$8,314
13 years$15,638$13,684$11,944$10,401$9,040$7,094
14 years$14,372$12,439$10,732$9,233$7,924$6,082
15 years$13,275$11,363$9,689$8,234$6,977$5,235
16 years$12,316$10,425$8,785$7,373$6,166$4,520
17 years$11,472$9,601$7,994$6,625$5,468$3,915
18 years$10,721$8,872$7,297$5,970$4,862$3,399
19 years$10,051$8,222$6,680$5,395$4,333$2,956
20 years$9,448$7,641$6,131$4,886$3,870$2,576
21 years$8,904$7,117$5,639$4,434$3,464$2,249
22 years$8,409$6,643$5,197$4,032$3,105$1,965
23 years$7,959$6,213$4,799$3,672$2,787$1,719
24 years$7,546$5,822$4,438$3,349$2,505$1,506
25 years$7,167$5,463$4,111$3,058$2,254$1,320
26 years$6,818$5,135$3,812$2,796$2,030$1,158
27 years$6,495$4,832$3,540$2,560$1,831$1,016
28 years$6,196$4,553$3,291$2,345$1,652$892
29 years$5,918$4,296$3,063$2,151$1,491$784
30 years$5,659$4,057$2,853$1,974$1,348$689
31 years$5,417$3,835$2,659$1,813$1,218$606
32 years$5,191$3,629$2,481$1,666$1,102$533
33 years$4,979$3,436$2,317$1,532$997$469
34 years$4,779$3,257$2,165$1,409$903$413
35 years$4,592$3,089$2,024$1,298$818$364
36 years$4,415$2,932$1,893$1,195$741$320
37 years$4,249$2,785$1,772$1,101$672$282
38 years$4,091$2,647$1,659$1,015$609$248
39 years$3,942$2,517$1,555$936$552$219
40 years$3,801$2,394$1,457$863$501$193
41 years$3,667$2,279$1,366$796$454$170
42 years$3,539$2,171$1,282$735$412$150
43 years$3,418$2,068$1,203$678$374$132
44 years$3,303$1,971$1,129$626$340$116
45 years$3,193$1,880$1,060$578$308$102
46 years$3,088$1,793$996$534$280$90
47 years$2,989$1,711$935$494$254$80
48 years$2,893$1,634$879$456$231$70
49 years$2,802$1,560$826$422$210$62
50 years$2,714$1,490$777$390$190$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,780,000, adding $6,362 every year, while hoping to spend $22,556 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: 21/50/29 Blend
44$2,780,000$2,780,000$2,780,000$2,780,000
45$3,070,122$2,922,782$2,879,692$3,106,209
46$3,359,275$3,041,999$2,952,163$3,259,075
47$3,677,166$3,166,302$3,026,305$3,420,101
48$4,026,702$3,295,916$3,102,151$3,591,749
49$4,411,086$3,431,076$3,179,733$3,774,892
50$4,833,848$3,572,029$3,259,085$3,970,487
51$5,298,875$3,719,034$3,340,239$4,179,578
52$5,810,452$3,872,358$3,423,230$4,403,308
53$6,373,300$4,032,286$3,508,089$4,642,929
54$6,992,619$4,199,110$3,594,853$4,899,807
55$7,674,139$4,373,140$3,683,553$5,175,442
56$8,424,176$4,554,697$3,774,227$5,471,475
57$9,249,685$4,744,121$3,866,906$5,789,701
58$10,158,332$4,941,762$3,961,627$6,132,092
59$11,158,565$5,147,992$4,058,425$6,500,806
60$12,259,690$5,363,195$4,157,334$6,898,210
61$13,471,963$5,587,776$4,258,389$7,326,899
62$14,806,684$5,822,158$4,361,626$7,789,722
63$16,276,305$6,066,783$4,467,079$8,289,803
64$17,894,546$6,322,113$4,574,785$8,830,569
65$19,676,527$6,588,634$4,684,777$9,415,785
66$21,638,907$6,866,851$4,797,091$10,049,582
67$23,800,044$7,157,295$4,911,762$10,736,498
68$26,180,168$7,460,521$5,028,825$11,481,514
69$28,801,568$7,777,110$5,148,314$12,290,105
70$31,688,808$8,107,668$5,270,262$13,168,283
71$34,868,955$8,452,833$5,394,705$14,122,658
72$38,371,835$8,813,269$5,521,675$15,160,489
73$42,230,317$9,189,673$5,651,205$16,289,759
74$46,480,616$9,582,775$5,783,328$17,519,242
75$51,162,645$9,993,337$5,918,075$18,858,582
76$56,320,383$10,422,158$6,055,478$20,318,388
77$62,002,293$10,870,074$6,195,568$21,910,321
78$68,261,780$11,337,962$6,338,373$23,647,209
79$75,157,696$11,826,736$6,483,922$25,543,161
80$82,754,891$12,337,356$6,632,244$27,613,696
81$91,124,830$12,870,827$6,783,364$29,875,886
82$100,346,264$13,428,199$6,937,309$32,348,516
83$110,505,976$14,010,574$7,094,102$35,052,254
84$121,699,597$14,619,103$7,253,765$38,009,842
85$134,032,511$15,254,994$7,416,321$41,246,306
86$147,620,848$15,919,509$7,581,789$44,789,192
87$162,592,581$16,613,972$7,750,185$48,668,812
88$179,088,735$17,339,768$7,921,527$52,918,536
89$197,264,715$18,098,346$8,095,828$57,575,091
90$217,291,777$18,891,225$8,273,099$62,678,909
91$239,358,640$19,719,997$8,453,350$68,274,502
92$263,673,271$20,586,327$8,636,586$74,410,872
93$290,464,845$21,491,958$8,822,813$81,141,972
94$319,985,913$22,438,717$9,012,030$88,527,204
95$352,514,780$23,428,517$9,204,237$96,631,979
96$388,358,135$24,463,363$9,399,427$105,528,318
97$427,853,949$25,545,351$9,597,591$115,295,533
98$471,374,659$26,676,681$9,798,718$126,020,963
99$519,330,689$27,859,653$10,002,790$137,800,791
100$572,174,322$29,096,679$10,209,786$150,740,942