Can I retire at age 45 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$231,221$229,162$227,152$225,191$223,276$219,939
2 years$114,466$112,334$110,268$108,265$106,322$102,968
3 years$75,553$73,412$71,351$69,366$67,455$64,188
4 years$56,100$53,965$51,925$49,975$48,109$44,954
5 years$44,431$42,309$40,296$38,385$36,572$33,538
6 years$36,655$34,549$32,565$30,697$28,938$26,029
7 years$31,102$29,014$27,062$25,238$23,535$20,751
8 years$26,940$24,870$22,951$21,171$19,524$16,866
9 years$23,704$21,654$19,767$18,033$16,442$13,908
10 years$21,117$19,087$17,234$15,545$14,010$11,597
11 years$19,001$16,992$15,172$13,529$12,049$9,756
12 years$17,240$15,251$13,465$11,866$10,441$8,265
13 years$15,750$13,783$12,030$10,476$9,105$7,043
14 years$14,475$12,528$10,809$9,300$7,981$6,030
15 years$13,370$11,445$9,759$8,294$7,027$5,183
16 years$12,405$10,500$8,848$7,426$6,211$4,470
17 years$11,554$9,670$8,051$6,672$5,507$3,865
18 years$10,799$8,936$7,350$6,013$4,896$3,351
19 years$10,123$8,282$6,728$5,433$4,364$2,911
20 years$9,516$7,696$6,175$4,921$3,898$2,533
21 years$8,968$7,168$5,680$4,466$3,489$2,207
22 years$8,470$6,691$5,235$4,061$3,127$1,926
23 years$8,016$6,258$4,833$3,698$2,807$1,682
24 years$7,601$5,864$4,470$3,373$2,523$1,471
25 years$7,219$5,503$4,140$3,080$2,270$1,287
26 years$6,867$5,172$3,840$2,816$2,045$1,127
27 years$6,542$4,867$3,566$2,578$1,844$988
28 years$6,241$4,586$3,315$2,362$1,664$866
29 years$5,961$4,327$3,085$2,166$1,502$760
30 years$5,700$4,086$2,873$1,988$1,357$667
31 years$5,456$3,863$2,679$1,826$1,227$586
32 years$5,228$3,655$2,499$1,678$1,110$514
33 years$5,014$3,461$2,334$1,543$1,005$452
34 years$4,814$3,280$2,180$1,420$910$397
35 years$4,625$3,111$2,038$1,307$824$349
36 years$4,447$2,953$1,907$1,204$746$307
37 years$4,279$2,805$1,785$1,109$677$270
38 years$4,120$2,666$1,671$1,022$613$237
39 years$3,970$2,535$1,566$942$556$208
40 years$3,828$2,412$1,468$869$504$183
41 years$3,693$2,296$1,376$802$458$161
42 years$3,565$2,186$1,291$740$415$142
43 years$3,443$2,083$1,211$683$377$125
44 years$3,327$1,986$1,137$631$342$110
45 years$3,216$1,893$1,068$583$311$97
46 years$3,111$1,806$1,003$538$282$85
47 years$3,010$1,724$942$497$256$75
48 years$2,914$1,646$885$459$233$66
49 years$2,822$1,571$832$425$211$58
50 years$2,734$1,501$782$392$192$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,800,000, adding $2,922 every year, while hoping to spend $31,766 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: 71/10/19 Blend
44$2,800,000$2,800,000$2,800,000$2,800,000
45$3,088,614$2,940,214$2,896,814$3,293,603
46$3,369,854$3,050,486$2,960,059$3,540,717
47$3,678,716$3,165,096$3,024,357$3,807,115
48$4,017,983$3,284,224$3,089,711$4,097,986
49$4,390,723$3,408,057$3,156,122$4,415,751
50$4,800,314$3,536,789$3,223,589$4,763,073
51$5,250,477$3,670,623$3,292,112$5,142,885
52$5,745,315$3,809,772$3,361,686$5,558,419
53$6,289,343$3,954,457$3,432,308$6,013,230
54$6,887,539$4,104,909$3,503,974$6,511,236
55$7,545,387$4,261,368$3,576,676$7,056,752
56$8,268,928$4,424,087$3,650,406$7,654,530
57$9,064,818$4,593,327$3,725,154$8,309,803
58$9,940,392$4,769,362$3,800,909$9,028,337
59$10,903,729$4,952,478$3,877,657$9,816,480
60$11,963,734$5,142,973$3,955,383$10,681,227
61$13,130,215$5,341,160$4,034,069$11,630,284
62$14,413,982$5,547,362$4,113,695$12,672,138
63$15,826,945$5,761,919$4,194,240$13,816,138
64$17,382,226$5,985,186$4,275,680$15,072,584
65$19,094,285$6,217,532$4,357,987$16,452,824
66$20,979,055$6,459,344$4,441,133$17,969,360
67$23,054,092$6,711,025$4,525,084$19,635,962
68$25,338,740$6,972,996$4,609,805$21,467,805
69$27,854,316$7,245,698$4,695,259$23,481,604
70$30,624,309$7,529,589$4,781,402$25,695,779
71$33,674,599$7,825,149$4,868,190$28,130,621
72$37,033,707$8,132,881$4,955,573$30,808,488
73$40,733,060$8,453,307$5,043,499$33,754,014
74$44,807,287$8,786,973$5,131,911$36,994,339
75$49,294,547$9,134,453$5,220,748$40,559,369
76$54,236,892$9,496,342$5,309,944$44,482,054
77$59,680,656$9,873,263$5,399,428$48,798,700
78$65,676,899$10,265,870$5,489,125$53,549,312
79$72,281,887$10,674,841$5,578,955$58,777,968
80$79,557,621$11,100,890$5,668,831$64,533,236
81$87,572,424$11,544,759$5,758,663$70,868,636
82$96,401,584$12,007,225$5,848,351$77,843,135
83$106,128,067$12,489,101$5,937,792$85,521,714
84$116,843,297$12,991,234$6,026,875$93,975,971
85$128,648,021$13,514,512$6,115,483$103,284,804
86$141,653,258$14,059,862$6,203,490$113,535,149
87$155,981,348$14,628,253$6,290,765$124,822,803
88$171,767,106$15,220,698$6,377,166$137,253,328
89$189,159,094$15,838,256$6,462,545$150,943,042
90$208,321,026$16,482,034$6,546,744$166,020,125
91$229,433,307$17,153,190$6,629,597$182,625,818
92$252,694,742$17,852,934$6,710,926$200,915,764
93$278,324,410$18,582,532$6,790,546$221,061,469
94$306,563,730$19,343,306$6,868,260$243,251,926
95$337,678,743$20,136,641$6,943,859$267,695,395
96$371,962,621$20,963,983$7,017,124$294,621,369
97$409,738,434$21,826,844$7,087,825$324,282,738
98$451,362,203$22,726,808$7,155,715$356,958,178
99$497,226,256$23,665,530$7,220,540$392,954,778
100$547,762,933$24,644,739$7,282,027$432,610,939