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%16%
1 years$232,873$230,799$228,775$226,800$224,871$219,346
2 years$115,284$113,137$111,056$109,038$107,081$101,549
3 years$76,092$73,936$71,860$69,862$67,937$62,570
4 years$56,501$54,351$52,296$50,332$48,453$43,293
5 years$44,748$42,612$40,584$38,659$36,833$31,895
6 years$36,916$34,796$32,798$30,916$29,145$24,433
7 years$31,324$29,221$27,255$25,418$23,703$19,217
8 years$27,132$25,048$23,114$21,323$19,664$15,403
9 years$23,873$21,809$19,909$18,162$16,560$12,521
10 years$21,267$19,223$17,357$15,656$14,110$10,288
11 years$19,137$17,113$15,281$13,625$12,135$8,524
12 years$17,363$15,360$13,561$11,951$10,516$7,110
13 years$15,863$13,881$12,116$10,551$9,170$5,963
14 years$14,578$12,618$10,886$9,366$8,038$5,023
15 years$13,466$11,526$9,829$8,353$7,078$4,246
16 years$12,494$10,575$8,911$7,479$6,255$3,600
17 years$11,637$9,739$8,109$6,720$5,546$3,060
18 years$10,876$9,000$7,402$6,056$4,931$2,607
19 years$10,196$8,341$6,777$5,472$4,396$2,225
20 years$9,584$7,751$6,219$4,956$3,926$1,901
21 years$9,032$7,219$5,720$4,498$3,513$1,627
22 years$8,530$6,739$5,272$4,090$3,149$1,393
23 years$8,073$6,303$4,868$3,725$2,827$1,195
24 years$7,655$5,905$4,502$3,397$2,541$1,025
25 years$7,270$5,542$4,170$3,102$2,287$880
26 years$6,916$5,209$3,867$2,837$2,060$756
27 years$6,589$4,902$3,591$2,596$1,857$650
28 years$6,285$4,619$3,338$2,379$1,676$559
29 years$6,003$4,357$3,107$2,181$1,513$481
30 years$5,740$4,115$2,894$2,002$1,367$414
31 years$5,495$3,890$2,698$1,839$1,236$356
32 years$5,265$3,681$2,517$1,690$1,118$306
33 years$5,050$3,486$2,350$1,554$1,012$264
34 years$4,848$3,304$2,196$1,430$916$227
35 years$4,658$3,134$2,053$1,316$830$196
36 years$4,479$2,974$1,921$1,212$752$169
37 years$4,310$2,825$1,798$1,117$681$145
38 years$4,150$2,685$1,683$1,029$618$125
39 years$3,999$2,553$1,577$949$560$108
40 years$3,855$2,429$1,478$875$508$93
41 years$3,719$2,312$1,386$808$461$80
42 years$3,590$2,202$1,300$745$418$69
43 years$3,467$2,098$1,220$688$380$59
44 years$3,351$2,000$1,145$635$345$51
45 years$3,239$1,907$1,075$587$313$44
46 years$3,133$1,819$1,010$542$284$38
47 years$3,032$1,736$949$501$258$33
48 years$2,935$1,657$892$463$234$28
49 years$2,842$1,583$838$428$213$24
50 years$2,753$1,512$788$395$193$21

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 $6,154 every year, while hoping to spend $44,556 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: 28/42/30 Blend
44$2,820,000$2,820,000$2,820,000$2,820,000
45$3,113,988$2,964,528$2,920,818$3,172,188
46$3,384,207$3,062,382$2,971,258$3,317,500
47$3,680,496$3,163,539$3,021,895$3,469,279
48$4,005,466$3,268,111$3,072,687$3,631,463
49$4,361,993$3,376,219$3,123,592$3,804,981
50$4,753,248$3,487,985$3,174,564$3,990,849
51$5,182,720$3,603,537$3,225,552$4,190,185
52$5,654,254$3,723,007$3,276,505$4,404,219
53$6,172,086$3,846,532$3,327,366$4,634,300
54$6,740,882$3,974,255$3,378,076$4,881,912
55$7,365,780$4,106,322$3,428,570$5,148,686
56$8,052,445$4,242,887$3,478,782$5,436,416
57$8,807,112$4,384,107$3,528,640$5,747,074
58$9,636,656$4,530,146$3,578,067$6,082,829
59$10,548,646$4,681,174$3,626,983$6,446,067
60$11,551,424$4,837,368$3,675,304$6,839,415
61$12,654,180$4,998,910$3,722,937$7,265,759
62$13,867,040$5,165,990$3,769,789$7,728,278
63$15,201,158$5,338,804$3,815,757$8,230,469
64$16,668,827$5,517,556$3,860,736$8,776,183
65$18,283,588$5,702,456$3,904,611$9,369,655
66$20,060,362$5,893,725$3,947,264$10,015,550
67$22,015,591$6,091,590$3,988,569$10,719,001
68$24,167,389$6,296,285$4,028,394$11,485,662
69$26,535,716$6,508,056$4,066,598$12,321,755
70$29,142,564$6,727,156$4,103,034$13,234,133
71$32,012,168$6,953,849$4,137,548$14,230,341
72$35,171,229$7,188,407$4,169,976$15,318,689
73$38,649,169$7,431,114$4,200,145$16,508,325
74$42,478,409$7,682,264$4,227,874$17,809,329
75$46,694,673$7,942,160$4,252,974$19,232,797
76$51,337,324$8,211,122$4,275,244$20,790,955
77$56,449,740$8,489,475$4,294,473$22,497,265
78$62,079,717$8,777,563$4,310,441$24,366,559
79$68,279,922$9,075,738$4,322,916$26,415,170
80$75,108,393$9,384,367$4,331,652$28,661,094
81$82,629,081$9,703,834$4,336,394$31,124,152
82$90,912,458$10,034,532$4,336,874$33,826,180
83$100,036,178$10,376,874$4,332,809$36,791,234
84$110,085,814$10,731,286$4,323,903$40,045,813
85$121,155,659$11,098,211$4,309,846$43,619,114
86$133,349,623$11,478,110$4,290,313$47,543,299
87$146,782,208$11,871,461$4,264,962$51,853,805
88$161,579,591$12,278,760$4,233,436$56,589,674
89$177,880,813$12,700,523$4,195,360$61,793,920
90$195,839,093$13,137,286$4,150,342$67,513,933
91$215,623,273$13,589,605$4,097,970$73,801,930
92$237,419,409$14,058,059$4,037,815$80,715,443
93$261,432,533$14,543,247$3,969,425$88,317,860
94$287,888,579$15,045,794$3,892,329$96,679,027
95$317,036,525$15,566,349$3,806,033$105,875,898
96$349,150,736$16,105,585$3,710,020$115,993,271
97$384,533,555$16,664,203$3,603,750$127,124,578
98$423,518,160$17,242,931$3,486,658$139,372,769
99$466,471,703$17,842,526$3,358,151$152,851,283
100$513,798,780$18,463,773$3,217,613$167,685,119