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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$232,873$230,799$228,775$226,800$224,871$220,511
2 years$115,284$113,137$111,056$109,038$107,081$102,707
3 years$76,092$73,936$71,860$69,862$67,937$63,683
4 years$56,501$54,351$52,296$50,332$48,453$44,354
5 years$44,748$42,612$40,584$38,659$36,833$32,900
6 years$36,916$34,796$32,798$30,916$29,145$25,382
7 years$31,324$29,221$27,255$25,418$23,703$20,111
8 years$27,132$25,048$23,114$21,323$19,664$16,242
9 years$23,873$21,809$19,909$18,162$16,560$13,306
10 years$21,267$19,223$17,357$15,656$14,110$11,021
11 years$19,137$17,113$15,281$13,625$12,135$9,207
12 years$17,363$15,360$13,561$11,951$10,516$7,745
13 years$15,863$13,881$12,116$10,551$9,170$6,552
14 years$14,578$12,618$10,886$9,366$8,038$5,568
15 years$13,466$11,526$9,829$8,353$7,078$4,750
16 years$12,494$10,575$8,911$7,479$6,255$4,065
17 years$11,637$9,739$8,109$6,720$5,546$3,488
18 years$10,876$9,000$7,402$6,056$4,931$2,999
19 years$10,196$8,341$6,777$5,472$4,396$2,584
20 years$9,584$7,751$6,219$4,956$3,926$2,230
21 years$9,032$7,219$5,720$4,498$3,513$1,928
22 years$8,530$6,739$5,272$4,090$3,149$1,668
23 years$8,073$6,303$4,868$3,725$2,827$1,445
24 years$7,655$5,905$4,502$3,397$2,541$1,252
25 years$7,270$5,542$4,170$3,102$2,287$1,086
26 years$6,916$5,209$3,867$2,837$2,060$943
27 years$6,589$4,902$3,591$2,596$1,857$819
28 years$6,285$4,619$3,338$2,379$1,676$712
29 years$6,003$4,357$3,107$2,181$1,513$619
30 years$5,740$4,115$2,894$2,002$1,367$538
31 years$5,495$3,890$2,698$1,839$1,236$468
32 years$5,265$3,681$2,517$1,690$1,118$408
33 years$5,050$3,486$2,350$1,554$1,012$355
34 years$4,848$3,304$2,196$1,430$916$309
35 years$4,658$3,134$2,053$1,316$830$269
36 years$4,479$2,974$1,921$1,212$752$234
37 years$4,310$2,825$1,798$1,117$681$204
38 years$4,150$2,685$1,683$1,029$618$178
39 years$3,999$2,553$1,577$949$560$155
40 years$3,855$2,429$1,478$875$508$135
41 years$3,719$2,312$1,386$808$461$118
42 years$3,590$2,202$1,300$745$418$102
43 years$3,467$2,098$1,220$688$380$89
44 years$3,351$2,000$1,145$635$345$78
45 years$3,239$1,907$1,075$587$313$68
46 years$3,133$1,819$1,010$542$284$59
47 years$3,032$1,736$949$501$258$52
48 years$2,935$1,657$892$463$234$45
49 years$2,842$1,583$838$428$213$39
50 years$2,753$1,512$788$395$193$34

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 $2,946 every year, while hoping to spend $41,199 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: 52/36/12 Blend
44$2,820,000$2,820,000$2,820,000$2,820,000
45$3,110,679$2,961,219$2,917,509$3,262,420
46$3,384,133$3,062,483$2,971,410$3,467,548
47$3,684,098$3,167,329$3,025,736$3,685,875
48$4,013,235$3,275,887$3,080,458$3,922,373
49$4,374,476$3,388,296$3,135,543$4,178,769
50$4,771,047$3,504,697$3,190,959$4,456,964
51$5,206,505$3,625,239$3,246,667$4,759,047
52$5,684,768$3,750,075$3,302,630$5,087,314
53$6,210,150$3,879,364$3,358,804$5,444,295
54$6,787,406$4,013,274$3,415,144$5,832,771
55$7,421,772$4,151,975$3,471,602$6,255,801
56$8,119,018$4,295,647$3,528,126$6,716,754
57$8,885,501$4,444,476$3,584,661$7,219,335
58$9,728,222$4,598,655$3,641,147$7,767,623
59$10,654,897$4,758,386$3,697,522$8,366,107
60$11,674,027$4,923,878$3,753,720$9,019,729
61$12,794,977$5,095,346$3,809,668$9,733,929
62$14,028,064$5,273,018$3,865,292$10,514,696
63$15,384,659$5,457,128$3,920,511$11,368,624
64$16,877,286$5,647,920$3,975,241$12,302,972
65$18,519,749$5,845,647$4,029,391$13,325,735
66$20,327,253$6,050,574$4,082,865$14,445,714
67$22,316,556$6,262,975$4,135,564$15,672,602
68$24,506,119$6,483,135$4,187,380$17,017,075
69$26,916,285$6,711,351$4,238,199$18,490,887
70$29,569,471$6,947,931$4,287,903$20,106,985
71$32,490,375$7,193,198$4,336,366$21,879,630
72$35,706,212$7,447,484$4,383,454$23,824,526
73$39,246,973$7,711,138$4,429,026$25,958,972
74$43,145,701$7,984,520$4,472,935$28,302,023
75$47,438,808$8,268,008$4,515,025$30,874,668
76$52,166,419$8,561,992$4,555,130$33,700,025
77$57,372,744$8,866,880$4,593,078$36,803,564
78$63,106,503$9,183,097$4,628,685$40,213,339
79$69,421,380$9,511,082$4,661,760$43,960,257
80$76,376,533$9,851,297$4,692,100$48,078,366
81$84,037,147$10,204,218$4,719,494$52,605,175
82$92,475,055$10,570,345$4,743,716$57,582,007
83$101,769,413$10,950,194$4,764,533$63,054,389
84$112,007,446$11,344,305$4,781,697$69,072,477
85$123,285,270$11,753,241$4,794,949$75,691,531
86$135,708,804$12,177,587$4,804,016$82,972,433
87$149,394,765$12,617,951$4,808,613$90,982,261
88$164,471,768$13,074,968$4,808,439$99,794,922
89$181,081,546$13,549,299$4,803,180$109,491,843
90$199,380,282$14,041,633$4,792,504$120,162,743
91$219,540,084$14,552,686$4,776,066$131,906,475
92$241,750,611$15,083,206$4,753,503$144,831,959
93$266,220,861$15,633,971$4,724,433$159,059,206
94$293,181,145$16,205,791$4,688,457$174,720,451
95$322,885,259$16,799,512$4,645,157$191,961,396
96$355,612,880$17,416,014$4,594,096$210,942,587
97$391,672,210$18,056,214$4,534,813$231,840,924
98$431,402,875$18,721,068$4,466,829$254,851,330
99$475,179,141$19,411,574$4,389,641$280,188,589
100$523,413,442$20,128,769$4,302,722$308,089,368