Can I retire at age 45 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$232,873$230,799$228,775$226,800$224,871$221,328
2 years$115,284$113,137$111,056$109,038$107,081$103,521
3 years$76,092$73,936$71,860$69,862$67,937$64,470
4 years$56,501$54,351$52,296$50,332$48,453$45,106
5 years$44,748$42,612$40,584$38,659$36,833$33,616
6 years$36,916$34,796$32,798$30,916$29,145$26,061
7 years$31,324$29,221$27,255$25,418$23,703$20,754
8 years$27,132$25,048$23,114$21,323$19,664$16,849
9 years$23,873$21,809$19,909$18,162$16,560$13,877
10 years$21,267$19,223$17,357$15,656$14,110$11,558
11 years$19,137$17,113$15,281$13,625$12,135$9,710
12 years$17,363$15,360$13,561$11,951$10,516$8,216
13 years$15,863$13,881$12,116$10,551$9,170$6,992
14 years$14,578$12,618$10,886$9,366$8,038$5,978
15 years$13,466$11,526$9,829$8,353$7,078$5,131
16 years$12,494$10,575$8,911$7,479$6,255$4,419
17 years$11,637$9,739$8,109$6,720$5,546$3,816
18 years$10,876$9,000$7,402$6,056$4,931$3,303
19 years$10,196$8,341$6,777$5,472$4,396$2,865
20 years$9,584$7,751$6,219$4,956$3,926$2,489
21 years$9,032$7,219$5,720$4,498$3,513$2,166
22 years$8,530$6,739$5,272$4,090$3,149$1,887
23 years$8,073$6,303$4,868$3,725$2,827$1,646
24 years$7,655$5,905$4,502$3,397$2,541$1,437
25 years$7,270$5,542$4,170$3,102$2,287$1,256
26 years$6,916$5,209$3,867$2,837$2,060$1,098
27 years$6,589$4,902$3,591$2,596$1,857$961
28 years$6,285$4,619$3,338$2,379$1,676$841
29 years$6,003$4,357$3,107$2,181$1,513$736
30 years$5,740$4,115$2,894$2,002$1,367$645
31 years$5,495$3,890$2,698$1,839$1,236$566
32 years$5,265$3,681$2,517$1,690$1,118$496
33 years$5,050$3,486$2,350$1,554$1,012$435
34 years$4,848$3,304$2,196$1,430$916$381
35 years$4,658$3,134$2,053$1,316$830$335
36 years$4,479$2,974$1,921$1,212$752$294
37 years$4,310$2,825$1,798$1,117$681$258
38 years$4,150$2,685$1,683$1,029$618$226
39 years$3,999$2,553$1,577$949$560$199
40 years$3,855$2,429$1,478$875$508$174
41 years$3,719$2,312$1,386$808$461$153
42 years$3,590$2,202$1,300$745$418$135
43 years$3,467$2,098$1,220$688$380$118
44 years$3,351$2,000$1,145$635$345$104
45 years$3,239$1,907$1,075$587$313$91
46 years$3,133$1,819$1,010$542$284$80
47 years$3,032$1,736$949$501$258$70
48 years$2,935$1,657$892$463$234$62
49 years$2,842$1,583$838$428$213$54
50 years$2,753$1,512$788$395$193$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,820,000, adding $3,401 every year, while hoping to spend $38,978 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: 65/26/9 Blend
44$2,820,000$2,820,000$2,820,000$2,820,000
45$3,111,148$2,961,688$2,917,978$3,307,414
46$3,387,013$3,065,339$2,974,258$3,542,211
47$3,689,710$3,172,761$3,031,117$3,793,728
48$4,021,934$3,284,101$3,088,533$4,067,517
49$4,386,655$3,399,505$3,146,483$4,365,747
50$4,787,144$3,519,131$3,204,940$4,690,799
51$5,227,004$3,643,140$3,263,877$5,045,296
52$5,710,204$3,771,699$3,323,262$5,432,124
53$6,241,116$3,904,985$3,383,064$5,854,461
54$6,824,559$4,043,178$3,443,245$6,315,803
55$7,465,839$4,186,468$3,503,769$6,819,999
56$8,170,802$4,335,053$3,564,593$7,371,289
57$8,945,890$4,489,137$3,625,673$7,974,337
58$9,798,200$4,648,933$3,686,962$8,634,281
59$10,735,550$4,814,664$3,748,408$9,356,777
60$11,766,554$4,986,561$3,809,958$10,148,054
61$12,900,704$5,164,864$3,871,553$11,014,971
62$14,148,457$5,349,824$3,933,132$11,965,081
63$15,521,336$5,541,701$3,994,628$13,006,702
64$17,032,034$5,740,767$4,055,970$14,148,996
65$18,694,541$5,947,304$4,117,084$15,402,052
66$20,524,269$6,161,606$4,177,891$16,776,984
67$22,538,199$6,383,980$4,238,305$18,286,032
68$24,755,045$6,614,744$4,298,238$19,942,677
69$27,195,424$6,854,232$4,357,594$21,761,772
70$29,882,057$7,102,788$4,416,272$23,759,675
71$32,839,975$7,360,773$4,474,166$25,954,405
72$36,096,765$7,628,564$4,531,163$28,365,815
73$39,682,822$7,906,550$4,587,144$31,015,773
74$43,631,638$8,195,139$4,641,981$33,928,368
75$47,980,120$8,494,756$4,695,543$37,130,140
76$52,768,936$8,805,842$4,747,687$40,650,329
77$58,042,899$9,128,860$4,798,266$44,521,145
78$63,851,389$9,464,289$4,847,122$48,778,076
79$70,248,821$9,812,629$4,894,091$53,460,221
80$77,295,155$10,174,403$4,938,998$58,610,655
81$85,056,466$10,550,153$4,981,659$64,276,840
82$93,605,562$10,940,448$5,021,882$70,511,066
83$103,022,677$11,345,877$5,059,462$77,370,944
84$113,396,221$11,767,056$5,094,185$84,919,954
85$124,823,622$12,204,628$5,125,826$93,228,036
86$137,412,238$12,659,262$5,154,149$102,372,252
87$151,280,377$13,131,656$5,178,903$112,437,514
88$166,558,406$13,622,538$5,199,828$123,517,379
89$183,389,989$14,132,668$5,216,647$135,714,933
90$201,933,436$14,662,836$5,229,073$149,143,765
91$222,363,201$15,213,870$5,236,801$163,929,033
92$244,871,527$15,786,630$5,239,514$180,208,646
93$269,670,263$16,382,014$5,236,877$198,134,567
94$296,992,857$17,000,960$5,228,540$217,874,237
95$327,096,566$17,644,445$5,214,134$239,612,164
96$360,264,883$18,313,490$5,193,275$263,551,654
97$396,810,209$19,009,159$5,165,557$289,916,735
98$437,076,805$19,732,562$5,130,558$318,954,265
99$481,444,041$20,484,859$5,087,833$350,936,260
100$530,329,974$21,267,258$5,036,917$386,162,465