Can I retire at age 45 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$233,699$231,617$229,586$227,604$225,668$217,402
2 years$115,692$113,538$111,450$109,425$107,461$99,225
3 years$76,362$74,198$72,115$70,110$68,178$60,231
4 years$56,701$54,544$52,481$50,510$48,625$41,028
5 years$44,907$42,763$40,728$38,797$36,964$29,736
6 years$37,047$34,919$32,914$31,026$29,248$22,396
7 years$31,435$29,325$27,352$25,508$23,787$17,307
8 years$27,228$25,137$23,196$21,398$19,733$13,621
9 years$23,958$21,886$19,979$18,226$16,618$10,865
10 years$21,343$19,292$17,418$15,711$14,160$8,755
11 years$19,205$17,174$15,335$13,674$12,178$7,111
12 years$17,424$15,415$13,609$11,994$10,553$5,811
13 years$15,919$13,930$12,159$10,589$9,202$4,772
14 years$14,630$12,662$10,925$9,399$8,067$3,934
15 years$13,514$11,567$9,864$8,383$7,103$3,254
16 years$12,538$10,613$8,943$7,506$6,277$2,698
17 years$11,678$9,774$8,138$6,744$5,566$2,242
18 years$10,914$9,032$7,429$6,077$4,949$1,866
19 years$10,232$8,370$6,801$5,492$4,411$1,556
20 years$9,618$7,778$6,241$4,974$3,940$1,298
21 years$9,064$7,245$5,741$4,514$3,526$1,085
22 years$8,561$6,763$5,291$4,104$3,160$907
23 years$8,102$6,325$4,885$3,738$2,837$759
24 years$7,682$5,926$4,518$3,409$2,550$635
25 years$7,296$5,562$4,185$3,113$2,295$532
26 years$6,941$5,227$3,881$2,847$2,067$446
27 years$6,612$4,919$3,604$2,606$1,863$374
28 years$6,307$4,635$3,350$2,387$1,681$313
29 years$6,024$4,373$3,118$2,189$1,518$263
30 years$5,761$4,130$2,904$2,009$1,372$220
31 years$5,514$3,904$2,707$1,845$1,240$185
32 years$5,284$3,694$2,526$1,696$1,122$155
33 years$5,068$3,498$2,359$1,559$1,015$130
34 years$4,865$3,316$2,204$1,435$919$109
35 years$4,674$3,145$2,060$1,321$833$92
36 years$4,495$2,985$1,927$1,216$754$77
37 years$4,325$2,835$1,804$1,121$684$65
38 years$4,165$2,694$1,689$1,033$620$54
39 years$4,013$2,562$1,583$953$562$46
40 years$3,869$2,437$1,483$879$510$38
41 years$3,733$2,320$1,391$811$463$32
42 years$3,603$2,210$1,305$748$420$27
43 years$3,480$2,105$1,224$691$381$23
44 years$3,362$2,007$1,149$638$346$19
45 years$3,251$1,914$1,079$589$314$16
46 years$3,144$1,826$1,014$544$285$13
47 years$3,042$1,742$952$503$259$11
48 years$2,945$1,663$895$464$235$9
49 years$2,852$1,588$841$429$213$8
50 years$2,763$1,517$791$397$194$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,830,000, adding $3,109 every year, while hoping to spend $48,096 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: 31/44/25 Blend
44$2,830,000$2,830,000$2,830,000$2,830,000
45$3,121,867$2,971,877$2,928,012$3,194,519
46$3,389,124$3,066,325$2,974,927$3,344,882
47$3,682,028$3,163,789$3,021,801$3,502,140
48$4,003,147$3,264,366$3,068,583$3,670,453
49$4,355,304$3,368,157$3,115,217$3,850,817
50$4,741,612$3,475,264$3,161,644$4,044,328
51$5,165,499$3,585,794$3,207,801$4,252,191
52$5,630,740$3,699,858$3,253,622$4,475,729
53$6,141,494$3,817,569$3,299,037$4,716,397
54$6,702,342$3,939,046$3,343,970$4,975,795
55$7,318,330$4,064,408$3,388,343$5,255,684
56$7,995,019$4,193,783$3,432,071$5,557,997
57$8,738,531$4,327,299$3,475,066$5,884,866
58$9,555,614$4,465,090$3,517,233$6,238,631
59$10,453,701$4,607,293$3,558,475$6,621,871
60$11,440,981$4,754,053$3,598,686$7,037,422
61$12,526,474$4,905,515$3,637,755$7,488,404
62$13,720,121$5,061,832$3,675,567$7,978,255
63$15,032,872$5,223,160$3,711,997$8,510,756
64$16,476,793$5,389,663$3,746,917$9,090,070
65$18,065,177$5,561,507$3,780,189$9,720,780
66$19,812,670$5,738,866$3,811,671$10,407,933
67$21,735,410$5,921,918$3,841,209$11,157,085
68$23,851,177$6,110,848$3,868,645$11,974,355
69$26,179,564$6,305,846$3,893,812$12,866,481
70$28,742,156$6,507,109$3,916,531$13,840,881
71$31,562,740$6,714,841$3,936,619$14,905,729
72$34,667,523$6,929,251$3,953,879$16,070,023
73$38,085,383$7,150,558$3,968,107$17,343,677
74$41,848,141$7,378,984$3,979,087$18,737,609
75$45,990,859$7,614,761$3,986,594$20,263,846
76$50,552,171$7,858,130$3,990,390$21,935,635
77$55,574,650$8,109,336$3,990,225$23,767,570
78$61,105,206$8,368,635$3,985,839$25,775,727
79$67,195,530$8,636,291$3,976,958$27,977,815
80$73,902,581$8,912,576$3,963,293$30,393,346
81$81,289,124$9,197,772$3,944,543$33,043,812
82$89,424,321$9,492,169$3,920,392$35,952,894
83$98,384,386$9,796,069$3,890,509$39,146,682
84$108,253,298$10,109,782$3,854,546$42,653,918
85$119,123,602$10,433,629$3,812,141$46,506,271
86$131,097,273$10,767,940$3,762,911$50,738,634
87$144,286,685$11,113,060$3,706,459$55,389,452
88$158,815,668$11,469,341$3,642,366$60,501,082
89$174,820,678$11,837,150$3,570,197$66,120,198
90$192,452,081$12,216,864$3,489,493$72,298,223
91$211,875,578$12,608,875$3,399,775$79,091,822
92$233,273,763$13,013,586$3,300,544$86,563,430
93$256,847,849$13,431,414$3,191,275$94,781,843
94$282,819,568$13,862,791$3,071,420$103,822,867
95$311,433,258$14,308,163$2,940,408$113,770,031
96$342,958,178$14,767,990$2,797,638$124,715,377
97$377,691,038$15,242,748$2,642,486$136,760,327
98$415,958,812$15,732,930$2,474,296$150,016,639
99$458,121,811$16,239,044$2,292,386$164,607,461
100$504,577,095$16,761,617$2,096,040$180,668,497