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%17.5%
1 years$231,221$229,162$227,152$225,191$223,276$216,476
2 years$114,466$112,334$110,268$108,265$106,322$99,529
3 years$75,553$73,412$71,351$69,366$67,455$60,883
4 years$56,100$53,965$51,925$49,975$48,109$41,808
5 years$44,431$42,309$40,296$38,385$36,572$30,558
6 years$36,655$34,549$32,565$30,697$28,938$23,218
7 years$31,102$29,014$27,062$25,238$23,535$18,107
8 years$26,940$24,870$22,951$21,171$19,524$14,386
9 years$23,704$21,654$19,767$18,033$16,442$11,588
10 years$21,117$19,087$17,234$15,545$14,010$9,432
11 years$19,001$16,992$15,172$13,529$12,049$7,741
12 years$17,240$15,251$13,465$11,866$10,441$6,393
13 years$15,750$13,783$12,030$10,476$9,105$5,308
14 years$14,475$12,528$10,809$9,300$7,981$4,425
15 years$13,370$11,445$9,759$8,294$7,027$3,701
16 years$12,405$10,500$8,848$7,426$6,211$3,105
17 years$11,554$9,670$8,051$6,672$5,507$2,611
18 years$10,799$8,936$7,350$6,013$4,896$2,199
19 years$10,123$8,282$6,728$5,433$4,364$1,856
20 years$9,516$7,696$6,175$4,921$3,898$1,568
21 years$8,968$7,168$5,680$4,466$3,489$1,326
22 years$8,470$6,691$5,235$4,061$3,127$1,123
23 years$8,016$6,258$4,833$3,698$2,807$951
24 years$7,601$5,864$4,470$3,373$2,523$807
25 years$7,219$5,503$4,140$3,080$2,270$684
26 years$6,867$5,172$3,840$2,816$2,045$581
27 years$6,542$4,867$3,566$2,578$1,844$493
28 years$6,241$4,586$3,315$2,362$1,664$419
29 years$5,961$4,327$3,085$2,166$1,502$356
30 years$5,700$4,086$2,873$1,988$1,357$303
31 years$5,456$3,863$2,679$1,826$1,227$257
32 years$5,228$3,655$2,499$1,678$1,110$219
33 years$5,014$3,461$2,334$1,543$1,005$186
34 years$4,814$3,280$2,180$1,420$910$158
35 years$4,625$3,111$2,038$1,307$824$134
36 years$4,447$2,953$1,907$1,204$746$114
37 years$4,279$2,805$1,785$1,109$677$97
38 years$4,120$2,666$1,671$1,022$613$83
39 years$3,970$2,535$1,566$942$556$70
40 years$3,828$2,412$1,468$869$504$60
41 years$3,693$2,296$1,376$802$458$51
42 years$3,565$2,186$1,291$740$415$43
43 years$3,443$2,083$1,211$683$377$37
44 years$3,327$1,986$1,137$631$342$31
45 years$3,216$1,893$1,068$583$311$27
46 years$3,111$1,806$1,003$538$282$23
47 years$3,010$1,724$942$497$256$19
48 years$2,914$1,646$885$459$233$16
49 years$2,822$1,571$832$425$211$14
50 years$2,734$1,501$782$392$192$12

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 $4,009 every year, while hoping to spend $41,646 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: 83/9/8 Blend
44$2,800,000$2,800,000$2,800,000$2,800,000
45$3,089,735$2,941,335$2,897,935$3,342,971
46$3,360,577$3,041,150$2,950,705$3,608,930
47$3,657,649$3,144,459$3,003,847$3,894,926
48$3,983,583$3,251,391$3,057,329$4,207,694
49$4,341,277$3,362,078$3,111,118$4,549,895
50$4,733,923$3,476,656$3,165,177$4,924,461
51$5,165,040$3,595,268$3,219,467$5,334,618
52$5,638,500$3,718,063$3,273,945$5,783,920
53$6,158,572$3,845,193$3,328,567$6,276,282
54$6,729,957$3,976,818$3,383,285$6,816,015
55$7,357,835$4,113,104$3,438,047$7,407,868
56$8,047,911$4,254,223$3,492,798$8,057,072
57$8,806,471$4,400,353$3,547,481$8,769,389
58$9,640,441$4,551,681$3,602,031$9,551,165
59$10,557,452$4,708,398$3,656,384$10,409,393
60$11,565,908$4,870,706$3,710,469$11,351,774
61$12,675,072$5,038,812$3,764,211$12,386,794
62$13,895,148$5,212,932$3,817,531$13,523,800
63$15,237,379$5,393,292$3,870,345$14,773,090
64$16,714,153$5,580,125$3,922,562$16,146,009
65$18,339,118$5,773,673$3,974,090$17,655,057
66$20,127,314$5,974,188$4,024,828$19,314,005
67$22,095,311$6,181,934$4,074,670$21,138,025
68$24,261,366$6,397,182$4,123,505$23,143,834
69$26,645,597$6,620,216$4,171,214$25,349,849
70$29,270,171$6,851,330$4,217,673$27,776,364
71$32,159,513$7,090,830$4,262,750$30,445,738
72$35,340,538$7,339,035$4,306,307$33,382,606
73$38,842,901$7,596,275$4,348,196$36,614,114
74$42,699,280$7,862,896$4,388,264$40,170,170
75$46,945,684$8,139,255$4,426,348$44,083,730
76$51,621,790$8,425,725$4,462,276$48,391,108
77$56,771,319$8,722,692$4,495,869$53,132,316
78$62,442,450$9,030,560$4,526,937$58,351,442
79$68,688,270$9,349,748$4,555,280$64,097,067
80$75,567,280$9,680,692$4,580,688$70,422,724
81$83,143,942$10,023,846$4,602,941$77,387,398
82$91,489,291$10,379,681$4,621,806$85,056,088
83$100,681,603$10,748,689$4,637,041$93,500,417
84$110,807,133$11,131,382$4,648,388$102,799,306
85$121,960,931$11,528,290$4,655,580$113,039,722
86$134,247,738$11,939,968$4,658,334$124,317,497
87$147,782,974$12,366,993$4,656,354$136,738,229
88$162,693,825$12,809,964$4,649,330$150,418,286
89$179,120,448$13,269,505$4,636,936$165,485,892
90$197,217,290$13,746,267$4,618,830$182,082,350
91$217,154,547$14,240,927$4,594,654$200,363,365
92$239,119,768$14,754,190$4,564,032$220,500,516
93$263,319,629$15,286,790$4,526,572$242,682,880
94$289,981,879$15,839,491$4,481,860$267,118,808
95$319,357,494$16,413,089$4,429,465$294,037,896
96$351,723,042$17,008,414$4,368,936$323,693,154
97$387,383,295$17,626,328$4,299,797$356,363,385
98$426,674,105$18,267,732$4,221,555$392,355,826
99$469,965,576$18,933,563$4,133,689$432,009,042
100$517,665,554$19,624,798$4,035,657$475,696,121