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%11.1%
1 years$232,873$230,799$228,775$226,800$224,871$223,829
2 years$115,284$113,137$111,056$109,038$107,081$106,030
3 years$76,092$73,936$71,860$69,862$67,937$66,908
4 years$56,501$54,351$52,296$50,332$48,453$47,455
5 years$44,748$42,612$40,584$38,659$36,833$35,869
6 years$36,916$34,796$32,798$30,916$29,145$28,215
7 years$31,324$29,221$27,255$25,418$23,703$22,808
8 years$27,132$25,048$23,114$21,323$19,664$18,805
9 years$23,873$21,809$19,909$18,162$16,560$15,736
10 years$21,267$19,223$17,357$15,656$14,110$13,321
11 years$19,137$17,113$15,281$13,625$12,135$11,380
12 years$17,363$15,360$13,561$11,951$10,516$9,795
13 years$15,863$13,881$12,116$10,551$9,170$8,482
14 years$14,578$12,618$10,886$9,366$8,038$7,383
15 years$13,466$11,526$9,829$8,353$7,078$6,454
16 years$12,494$10,575$8,911$7,479$6,255$5,662
17 years$11,637$9,739$8,109$6,720$5,546$4,983
18 years$10,876$9,000$7,402$6,056$4,931$4,397
19 years$10,196$8,341$6,777$5,472$4,396$3,889
20 years$9,584$7,751$6,219$4,956$3,926$3,446
21 years$9,032$7,219$5,720$4,498$3,513$3,060
22 years$8,530$6,739$5,272$4,090$3,149$2,721
23 years$8,073$6,303$4,868$3,725$2,827$2,422
24 years$7,655$5,905$4,502$3,397$2,541$2,159
25 years$7,270$5,542$4,170$3,102$2,287$1,927
26 years$6,916$5,209$3,867$2,837$2,060$1,721
27 years$6,589$4,902$3,591$2,596$1,857$1,538
28 years$6,285$4,619$3,338$2,379$1,676$1,376
29 years$6,003$4,357$3,107$2,181$1,513$1,232
30 years$5,740$4,115$2,894$2,002$1,367$1,103
31 years$5,495$3,890$2,698$1,839$1,236$989
32 years$5,265$3,681$2,517$1,690$1,118$886
33 years$5,050$3,486$2,350$1,554$1,012$795
34 years$4,848$3,304$2,196$1,430$916$713
35 years$4,658$3,134$2,053$1,316$830$640
36 years$4,479$2,974$1,921$1,212$752$575
37 years$4,310$2,825$1,798$1,117$681$516
38 years$4,150$2,685$1,683$1,029$618$464
39 years$3,999$2,553$1,577$949$560$416
40 years$3,855$2,429$1,478$875$508$374
41 years$3,719$2,312$1,386$808$461$336
42 years$3,590$2,202$1,300$745$418$302
43 years$3,467$2,098$1,220$688$380$272
44 years$3,351$2,000$1,145$635$345$244
45 years$3,239$1,907$1,075$587$313$220
46 years$3,133$1,819$1,010$542$284$198
47 years$3,032$1,736$949$501$258$178
48 years$2,935$1,657$892$463$234$160
49 years$2,842$1,583$838$428$213$144
50 years$2,753$1,512$788$395$193$129

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 $5,476 every year, while hoping to spend $54,257 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: 40/49/11 Blend
44$2,820,000$2,820,000$2,820,000$2,820,000
45$3,113,288$2,963,828$2,920,118$3,227,362
46$3,373,115$3,051,327$2,960,213$3,395,768
47$3,657,625$3,141,295$2,999,833$3,572,053
48$3,969,280$3,233,795$3,038,904$3,761,546
49$4,310,788$3,328,893$3,077,349$3,965,468
50$4,685,135$3,426,655$3,115,087$4,185,157
51$5,095,606$3,527,148$3,152,030$4,422,088
52$5,545,822$3,630,442$3,188,087$4,677,882
53$6,039,769$3,736,608$3,223,161$4,954,322
54$6,581,840$3,845,716$3,257,151$5,253,368
55$7,176,871$3,957,840$3,289,950$5,577,179
56$7,830,192$4,073,053$3,321,443$5,928,129
57$8,547,671$4,191,433$3,351,511$6,308,830
58$9,335,776$4,313,055$3,380,029$6,722,159
59$10,201,629$4,437,999$3,406,864$7,171,281
60$11,153,078$4,566,343$3,431,876$7,659,680
61$12,198,767$4,698,169$3,454,919$8,191,191
62$13,348,221$4,833,559$3,475,839$8,770,039
63$14,611,932$4,972,596$3,494,472$9,400,872
64$16,001,461$5,115,365$3,510,649$10,088,811
65$17,529,543$5,261,952$3,524,189$10,839,494
66$19,210,213$5,412,444$3,534,905$11,659,130
67$21,058,929$5,566,928$3,542,599$12,554,557
68$23,092,726$5,725,494$3,547,062$13,533,305
69$25,330,373$5,888,232$3,548,078$14,603,671
70$27,792,549$6,055,233$3,545,416$15,774,790
71$30,502,038$6,226,589$3,538,837$17,056,726
72$33,483,947$6,402,393$3,528,090$18,460,565
73$36,765,938$6,582,739$3,512,909$19,998,520
74$40,378,491$6,767,720$3,493,019$21,684,042
75$44,355,191$6,957,432$3,468,128$23,531,952
76$48,733,044$7,151,970$3,437,934$25,558,577
77$53,552,827$7,351,429$3,402,118$27,781,906
78$58,859,472$7,555,905$3,360,345$30,221,755
79$64,702,489$7,765,495$3,312,267$32,899,958
80$71,136,433$7,980,295$3,257,519$35,840,572
81$78,221,420$8,200,400$3,195,716$39,070,102
82$86,023,691$8,425,905$3,126,458$42,617,751
83$94,616,239$8,656,907$3,049,327$46,515,695
84$104,079,499$8,893,499$2,963,883$50,799,389
85$114,502,102$9,135,774$2,869,667$55,507,898
86$125,981,715$9,383,826$2,766,199$60,684,267
87$138,625,961$9,637,745$2,652,978$66,375,927
88$152,553,435$9,897,620$2,529,479$72,635,140
89$167,894,821$10,163,539$2,395,152$79,519,495
90$184,794,128$10,435,588$2,249,425$87,092,451
91$203,410,047$10,713,849$2,091,698$95,423,934
92$223,917,447$10,998,403$1,921,346$104,590,996
93$246,509,028$11,289,327$1,737,713$114,678,545
94$271,397,139$11,586,694$1,540,116$125,780,145
95$298,815,780$11,890,574$1,327,842$137,998,899
96$329,022,809$12,201,032$1,100,145$151,448,420
97$362,302,382$12,518,129$856,246$166,253,906
98$398,967,628$12,841,921$595,334$182,553,323
99$439,363,607$13,172,455$316,558$200,498,700
100$483,870,566$13,509,776$19,033$220,257,575