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%12.2%
1 years$231,221$229,162$227,152$225,191$223,276$221,220
2 years$114,466$112,334$110,268$108,265$106,322$104,251
3 years$75,553$73,412$71,351$69,366$67,455$65,433
4 years$56,100$53,965$51,925$49,975$48,109$46,152
5 years$44,431$42,309$40,296$38,385$36,572$34,684
6 years$36,655$34,549$32,565$30,697$28,938$27,123
7 years$31,102$29,014$27,062$25,238$23,535$21,792
8 years$26,940$24,870$22,951$21,171$19,524$17,855
9 years$23,704$21,654$19,767$18,033$16,442$14,846
10 years$21,117$19,087$17,234$15,545$14,010$12,485
11 years$19,001$16,992$15,172$13,529$12,049$10,594
12 years$17,240$15,251$13,465$11,866$10,441$9,056
13 years$15,750$13,783$12,030$10,476$9,105$7,787
14 years$14,475$12,528$10,809$9,300$7,981$6,729
15 years$13,370$11,445$9,759$8,294$7,027$5,839
16 years$12,405$10,500$8,848$7,426$6,211$5,085
17 years$11,554$9,670$8,051$6,672$5,507$4,441
18 years$10,799$8,936$7,350$6,013$4,896$3,888
19 years$10,123$8,282$6,728$5,433$4,364$3,412
20 years$9,516$7,696$6,175$4,921$3,898$3,000
21 years$8,968$7,168$5,680$4,466$3,489$2,642
22 years$8,470$6,691$5,235$4,061$3,127$2,330
23 years$8,016$6,258$4,833$3,698$2,807$2,057
24 years$7,601$5,864$4,470$3,373$2,523$1,818
25 years$7,219$5,503$4,140$3,080$2,270$1,609
26 years$6,867$5,172$3,840$2,816$2,045$1,425
27 years$6,542$4,867$3,566$2,578$1,844$1,263
28 years$6,241$4,586$3,315$2,362$1,664$1,120
29 years$5,961$4,327$3,085$2,166$1,502$993
30 years$5,700$4,086$2,873$1,988$1,357$882
31 years$5,456$3,863$2,679$1,826$1,227$783
32 years$5,228$3,655$2,499$1,678$1,110$696
33 years$5,014$3,461$2,334$1,543$1,005$618
34 years$4,814$3,280$2,180$1,420$910$550
35 years$4,625$3,111$2,038$1,307$824$489
36 years$4,447$2,953$1,907$1,204$746$435
37 years$4,279$2,805$1,785$1,109$677$387
38 years$4,120$2,666$1,671$1,022$613$344
39 years$3,970$2,535$1,566$942$556$306
40 years$3,828$2,412$1,468$869$504$273
41 years$3,693$2,296$1,376$802$458$243
42 years$3,565$2,186$1,291$740$415$216
43 years$3,443$2,083$1,211$683$377$193
44 years$3,327$1,986$1,137$631$342$171
45 years$3,216$1,893$1,068$583$311$153
46 years$3,111$1,806$1,003$538$282$136
47 years$3,010$1,724$942$497$256$121
48 years$2,914$1,646$885$459$233$108
49 years$2,822$1,571$832$425$211$96
50 years$2,734$1,501$782$392$192$86

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 $5,503 every year, while hoping to spend $58,564 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: 29/46/25 Blend
44$2,800,000$2,800,000$2,800,000$2,800,000
45$3,091,276$2,942,876$2,899,476$3,156,774
46$3,344,275$3,024,766$2,934,297$3,290,252
47$3,621,116$3,108,705$2,968,322$3,428,139
48$3,924,171$3,194,732$3,001,461$3,575,186
49$4,256,049$3,282,886$3,033,623$3,732,222
50$4,619,624$3,373,206$3,064,707$3,900,158
51$5,018,062$3,465,729$3,094,611$4,079,998
52$5,454,849$3,560,494$3,123,225$4,272,845
53$5,933,823$3,657,538$3,150,433$4,479,916
54$6,459,214$3,756,899$3,176,113$4,702,549
55$7,035,680$3,858,613$3,200,139$4,942,217
56$7,668,350$3,962,715$3,222,374$5,200,541
57$8,362,876$4,069,243$3,242,678$5,479,309
58$9,125,483$4,178,229$3,260,901$5,780,489
59$9,963,028$4,289,708$3,276,887$6,106,247
60$10,883,065$4,403,712$3,290,471$6,458,971
61$11,893,915$4,520,272$3,301,480$6,841,292
62$13,004,747$4,639,418$3,309,732$7,256,105
63$14,225,660$4,761,178$3,315,037$7,706,604
64$15,567,781$4,885,579$3,317,193$8,196,306
65$17,043,367$5,012,645$3,315,992$8,729,086
66$18,665,925$5,142,399$3,311,213$9,309,213
67$20,450,334$5,274,861$3,302,623$9,941,395
68$22,412,989$5,410,050$3,289,981$10,630,815
69$24,571,950$5,547,979$3,273,032$11,383,188
70$26,947,120$5,688,661$3,251,510$12,204,811
71$29,560,426$5,832,105$3,225,135$13,102,624
72$32,436,027$5,978,315$3,193,614$14,084,274
73$35,600,542$6,127,294$3,156,641$15,158,192
74$39,083,304$6,279,037$3,113,895$16,333,665
75$42,916,630$6,433,539$3,065,040$17,620,932
76$47,136,130$6,590,787$3,009,722$19,031,278
77$51,781,043$6,750,762$2,947,575$20,577,137
78$56,894,602$6,913,443$2,878,212$22,272,218
79$62,524,450$7,078,800$2,801,231$24,131,626
80$68,723,080$7,246,797$2,716,208$26,172,012
81$75,548,336$7,417,392$2,622,702$28,411,727
82$83,063,956$7,590,534$2,520,253$30,870,998
83$91,340,175$7,766,165$2,408,377$33,572,118
84$100,454,384$7,944,219$2,286,569$36,539,657
85$110,491,865$8,124,619$2,154,302$39,800,697
86$121,546,589$8,307,279$2,011,025$43,385,086
87$133,722,108$8,492,104$1,856,162$47,325,721
88$147,132,530$8,678,984$1,689,111$51,658,862
89$161,903,595$8,867,800$1,509,242$56,424,474
90$178,173,859$9,058,420$1,315,900$61,666,603
91$196,096,008$9,250,698$1,108,397$67,433,796
92$215,838,291$9,444,472$886,019$73,779,561
93$237,586,112$9,639,567$648,016$80,762,871
94$261,543,779$9,835,789$393,608$88,448,725
95$287,936,430$10,032,929$121,980$96,908,760
96$317,012,160$10,230,757$0$106,221,934
97$349,044,361$10,429,024$0$116,520,052
98$384,334,300$10,627,460$0$127,891,876
99$423,213,966$10,825,773$0$140,410,785
100$466,049,202$11,023,647$0$154,193,542