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%18.2%
1 years$233,699$231,617$229,586$227,604$225,668$218,182
2 years$115,692$113,538$111,450$109,425$107,461$99,992
3 years$76,362$74,198$72,115$70,110$68,178$60,960
4 years$56,701$54,544$52,481$50,510$48,625$41,713
5 years$44,907$42,763$40,728$38,797$36,964$30,377
6 years$37,047$34,919$32,914$31,026$29,248$22,992
7 years$31,435$29,325$27,352$25,508$23,787$17,859
8 years$27,228$25,137$23,196$21,398$19,733$14,131
9 years$23,958$21,886$19,979$18,226$16,618$11,334
10 years$21,343$19,292$17,418$15,711$14,160$9,185
11 years$19,205$17,174$15,335$13,674$12,178$7,504
12 years$17,424$15,415$13,609$11,994$10,553$6,169
13 years$15,919$13,930$12,159$10,589$9,202$5,097
14 years$14,630$12,662$10,925$9,399$8,067$4,229
15 years$13,514$11,567$9,864$8,383$7,103$3,520
16 years$12,538$10,613$8,943$7,506$6,277$2,938
17 years$11,678$9,774$8,138$6,744$5,566$2,457
18 years$10,914$9,032$7,429$6,077$4,949$2,059
19 years$10,232$8,370$6,801$5,492$4,411$1,728
20 years$9,618$7,778$6,241$4,974$3,940$1,453
21 years$9,064$7,245$5,741$4,514$3,526$1,222
22 years$8,561$6,763$5,291$4,104$3,160$1,029
23 years$8,102$6,325$4,885$3,738$2,837$867
24 years$7,682$5,926$4,518$3,409$2,550$731
25 years$7,296$5,562$4,185$3,113$2,295$617
26 years$6,941$5,227$3,881$2,847$2,067$521
27 years$6,612$4,919$3,604$2,606$1,863$440
28 years$6,307$4,635$3,350$2,387$1,681$371
29 years$6,024$4,373$3,118$2,189$1,518$314
30 years$5,761$4,130$2,904$2,009$1,372$265
31 years$5,514$3,904$2,707$1,845$1,240$224
32 years$5,284$3,694$2,526$1,696$1,122$189
33 years$5,068$3,498$2,359$1,559$1,015$160
34 years$4,865$3,316$2,204$1,435$919$135
35 years$4,674$3,145$2,060$1,321$833$114
36 years$4,495$2,985$1,927$1,216$754$97
37 years$4,325$2,835$1,804$1,121$684$82
38 years$4,165$2,694$1,689$1,033$620$69
39 years$4,013$2,562$1,583$953$562$59
40 years$3,869$2,437$1,483$879$510$50
41 years$3,733$2,320$1,391$811$463$42
42 years$3,603$2,210$1,305$748$420$35
43 years$3,480$2,105$1,224$691$381$30
44 years$3,362$2,007$1,149$638$346$25
45 years$3,251$1,914$1,079$589$314$21
46 years$3,144$1,826$1,014$544$285$18
47 years$3,042$1,742$952$503$259$15
48 years$2,945$1,663$895$464$235$13
49 years$2,852$1,588$841$429$213$11
50 years$2,763$1,517$791$397$194$9

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 $3,069 every year, while hoping to spend $53,910 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: 66/24/10 Blend
44$2,830,000$2,830,000$2,830,000$2,830,000
45$3,121,826$2,971,836$2,927,971$3,321,100
46$3,382,892$3,060,096$2,968,698$3,542,398
47$3,668,780$3,150,874$3,008,983$3,777,497
48$3,981,966$3,244,236$3,048,753$4,033,052
49$4,325,173$3,340,251$3,087,933$4,311,054
50$4,701,405$3,438,987$3,126,443$4,613,696
51$5,113,967$3,540,516$3,164,198$4,943,392
52$5,566,500$3,644,910$3,201,107$5,302,799
53$6,063,016$3,752,243$3,237,077$5,694,844
54$6,607,931$3,862,591$3,272,006$6,122,748
55$7,206,111$3,976,029$3,305,790$6,590,058
56$7,862,918$4,092,638$3,338,317$7,100,683
57$8,584,255$4,212,497$3,369,470$7,658,924
58$9,376,627$4,335,687$3,399,125$8,269,520
59$10,247,199$4,462,292$3,427,153$8,937,692
60$11,203,866$4,592,397$3,453,415$9,669,187
61$12,255,323$4,726,087$3,477,767$10,470,338
62$13,411,152$4,863,452$3,500,058$11,348,119
63$14,681,908$5,004,579$3,520,128$12,310,214
64$16,079,220$5,149,560$3,537,810$13,365,087
65$17,615,900$5,298,488$3,552,926$14,522,062
66$19,306,064$5,451,456$3,565,291$15,791,409
67$21,165,265$5,608,560$3,574,711$17,184,446
68$23,210,639$5,769,897$3,580,980$18,713,640
69$25,461,066$5,935,564$3,583,886$20,392,724
70$27,937,350$6,105,661$3,583,201$22,236,831
71$30,662,411$6,280,290$3,578,689$24,262,635
72$33,661,505$6,459,553$3,570,104$26,488,503
73$36,962,460$6,643,552$3,557,183$28,934,675
74$40,595,938$6,832,393$3,539,656$31,623,452
75$44,595,724$7,026,181$3,517,236$34,579,402
76$48,999,048$7,225,024$3,489,623$37,829,601
77$53,846,929$7,429,029$3,456,504$41,403,877
78$59,184,569$7,638,304$3,417,549$45,335,099
79$65,061,773$7,852,959$3,372,415$49,659,486
80$71,533,423$8,073,104$3,320,741$54,416,945
81$78,659,996$8,298,849$3,262,149$59,651,449
82$86,508,129$8,530,306$3,196,245$65,411,455
83$95,151,254$8,767,587$3,122,615$71,750,355
84$104,670,285$9,010,802$3,040,825$78,726,985
85$115,154,386$9,260,063$2,950,425$86,406,176
86$126,701,808$9,515,481$2,850,939$94,859,369
87$139,420,821$9,777,167$2,741,873$104,165,286
88$153,430,728$10,045,232$2,622,710$114,410,676
89$168,862,999$10,319,786$2,492,908$125,691,130
90$185,862,506$10,600,936$2,351,901$138,111,985
91$204,588,890$10,888,790$2,199,097$151,789,320
92$225,218,069$11,183,454$2,033,880$166,851,045
93$247,943,901$11,485,031$1,855,603$183,438,117
94$272,980,005$11,793,623$1,663,592$201,705,863
95$300,561,785$12,109,331$1,457,142$221,825,449
96$330,948,648$12,432,249$1,235,517$243,985,496
97$364,426,452$12,762,471$997,949$268,393,859
98$401,310,205$13,100,087$743,636$295,279,590
99$441,947,037$13,445,182$471,738$324,895,098
100$486,719,476$13,797,838$181,383$357,518,535