Can I retire at age 45 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$230,396$228,343$226,341$224,387$222,479$214,499
2 years$114,057$111,933$109,874$107,878$105,942$97,990
3 years$75,283$73,149$71,096$69,119$67,214$59,538
4 years$55,899$53,773$51,740$49,796$47,938$40,597
5 years$44,272$42,158$40,152$38,248$36,441$29,455
6 years$36,524$34,425$32,449$30,587$28,835$22,208
7 years$30,991$28,910$26,965$25,148$23,450$17,182
8 years$26,843$24,782$22,869$21,096$19,454$13,539
9 years$23,619$21,577$19,697$17,969$16,383$10,813
10 years$21,041$19,019$17,172$15,489$13,960$8,724
11 years$18,933$16,931$15,118$13,480$12,006$7,095
12 years$17,178$15,197$13,417$11,824$10,404$5,805
13 years$15,694$13,733$11,987$10,439$9,072$4,774
14 years$14,423$12,483$10,770$9,266$7,953$3,941
15 years$13,323$11,404$9,724$8,264$7,002$3,264
16 years$12,361$10,463$8,816$7,400$6,189$2,711
17 years$11,513$9,636$8,023$6,648$5,487$2,256
18 years$10,760$8,904$7,324$5,992$4,879$1,881
19 years$10,087$8,252$6,704$5,414$4,349$1,570
20 years$9,482$7,668$6,153$4,903$3,884$1,312
21 years$8,936$7,143$5,660$4,450$3,476$1,098
22 years$8,440$6,667$5,216$4,046$3,116$920
23 years$7,987$6,236$4,816$3,685$2,797$771
24 years$7,573$5,843$4,454$3,361$2,514$646
25 years$7,193$5,483$4,125$3,069$2,262$542
26 years$6,843$5,153$3,826$2,806$2,038$455
27 years$6,519$4,850$3,553$2,569$1,837$382
28 years$6,218$4,570$3,303$2,354$1,658$321
29 years$5,939$4,311$3,074$2,158$1,497$269
30 years$5,679$4,071$2,863$1,981$1,353$226
31 years$5,436$3,849$2,669$1,819$1,223$190
32 years$5,209$3,642$2,490$1,672$1,106$160
33 years$4,996$3,449$2,325$1,537$1,001$134
34 years$4,797$3,269$2,173$1,415$906$113
35 years$4,608$3,100$2,031$1,302$821$95
36 years$4,431$2,943$1,900$1,199$744$80
37 years$4,264$2,795$1,778$1,105$674$67
38 years$4,106$2,656$1,665$1,018$611$56
39 years$3,956$2,526$1,560$939$554$47
40 years$3,814$2,403$1,463$866$503$40
41 years$3,680$2,287$1,371$799$456$34
42 years$3,552$2,178$1,286$738$414$28
43 years$3,431$2,076$1,207$681$376$24
44 years$3,315$1,978$1,133$629$341$20
45 years$3,205$1,887$1,064$581$309$17
46 years$3,100$1,800$999$536$281$14
47 years$2,999$1,718$939$495$255$12
48 years$2,903$1,640$882$458$232$10
49 years$2,812$1,566$829$423$210$8
50 years$2,724$1,496$780$391$191$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,790,000, adding $6,482 every year, while hoping to spend $46,932 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: 64/7/29 Blend
44$2,790,000$2,790,000$2,790,000$2,790,000
45$3,081,266$2,933,396$2,890,151$3,254,252
46$3,345,620$3,027,197$2,937,036$3,466,076
47$3,635,365$3,124,022$2,983,918$3,691,712
48$3,953,042$3,223,968$3,030,749$3,937,265
49$4,301,447$3,327,138$3,077,475$4,204,700
50$4,683,664$3,433,637$3,124,039$4,496,182
51$5,103,087$3,543,574$3,170,383$4,814,094
52$5,563,453$3,657,061$3,216,443$5,161,064
53$6,068,883$3,774,214$3,262,151$5,539,983
54$6,623,911$3,895,153$3,307,436$5,954,040
55$7,233,537$4,020,002$3,352,221$6,406,746
56$7,903,265$4,148,890$3,396,428$6,901,969
57$8,639,161$4,281,948$3,439,971$7,443,970
58$9,447,905$4,419,314$3,482,760$8,037,446
59$10,336,859$4,561,128$3,524,700$8,687,570
60$11,314,133$4,707,537$3,565,692$9,400,043
61$12,388,660$4,858,692$3,605,628$10,181,145
62$13,570,284$5,014,748$3,644,397$11,037,796
63$14,869,850$5,175,868$3,681,882$11,977,622
64$16,299,307$5,342,218$3,717,957$13,009,026
65$17,871,820$5,513,970$3,752,492$14,141,266
66$19,601,894$5,691,302$3,785,348$15,384,543
67$21,505,510$5,874,399$3,816,381$16,750,101
68$23,600,278$6,063,451$3,845,435$18,250,326
69$25,905,600$6,258,654$3,872,351$19,898,868
70$28,442,855$6,460,212$3,896,959$21,710,771
71$31,235,599$6,668,335$3,919,080$23,702,610
72$34,309,787$6,883,241$3,938,526$25,892,650
73$37,694,020$7,105,154$3,955,101$28,301,021
74$41,419,810$7,334,307$3,968,597$30,949,903
75$45,521,883$7,570,939$3,978,797$33,863,739
76$50,038,500$7,815,301$3,985,472$37,069,466
77$55,011,824$8,067,647$3,988,382$40,596,767
78$60,488,313$8,328,245$3,987,276$44,478,352
79$66,519,160$8,597,368$3,981,889$48,750,268
80$73,160,776$8,875,301$3,971,944$53,452,238
81$80,475,322$9,162,338$3,957,151$58,628,039
82$88,531,294$9,458,782$3,937,205$64,325,910
83$97,404,172$9,764,947$3,911,787$70,599,013
84$107,177,127$10,081,160$3,880,562$77,505,932
85$117,941,813$10,407,755$3,843,179$85,111,228
86$129,799,224$10,745,081$3,799,271$93,486,047
87$142,860,652$11,093,497$3,748,454$102,708,791
88$157,248,736$11,453,376$3,690,325$112,865,862
89$173,098,617$11,825,102$3,624,462$124,052,476
90$190,559,218$12,209,074$3,550,423$136,373,561
91$209,794,643$12,605,703$3,467,747$149,944,750
92$230,985,731$13,015,417$3,375,951$164,893,471
93$254,331,759$13,438,655$3,274,528$181,360,152
94$280,052,324$13,875,875$3,162,951$199,499,546
95$308,389,417$14,327,549$3,040,665$219,482,193
96$339,609,703$14,794,165$2,907,093$241,496,030
97$374,007,043$15,276,229$2,761,631$265,748,168
98$411,905,261$15,774,264$2,603,646$292,466,844
99$453,661,207$16,288,813$2,432,477$321,903,578
100$499,668,120$16,820,434$2,247,435$354,335,549