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

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$233,699$231,617$229,586$227,604$225,668$220,661
2 years$115,692$113,538$111,450$109,425$107,461$102,442
3 years$76,362$74,198$72,115$70,110$68,178$63,304
4 years$56,701$54,544$52,481$50,510$48,625$43,934
5 years$44,907$42,763$40,728$38,797$36,964$32,469
6 years$37,047$34,919$32,914$31,026$29,248$24,954
7 years$31,435$29,325$27,352$25,508$23,787$19,694
8 years$27,228$25,137$23,196$21,398$19,733$15,841
9 years$23,958$21,886$19,979$18,226$16,618$12,923
10 years$21,343$19,292$17,418$15,711$14,160$10,658
11 years$19,205$17,174$15,335$13,674$12,178$8,864
12 years$17,424$15,415$13,609$11,994$10,553$7,423
13 years$15,919$13,930$12,159$10,589$9,202$6,250
14 years$14,630$12,662$10,925$9,399$8,067$5,286
15 years$13,514$11,567$9,864$8,383$7,103$4,488
16 years$12,538$10,613$8,943$7,506$6,277$3,822
17 years$11,678$9,774$8,138$6,744$5,566$3,263
18 years$10,914$9,032$7,429$6,077$4,949$2,791
19 years$10,232$8,370$6,801$5,492$4,411$2,393
20 years$9,618$7,778$6,241$4,974$3,940$2,054
21 years$9,064$7,245$5,741$4,514$3,526$1,766
22 years$8,561$6,763$5,291$4,104$3,160$1,520
23 years$8,102$6,325$4,885$3,738$2,837$1,309
24 years$7,682$5,926$4,518$3,409$2,550$1,128
25 years$7,296$5,562$4,185$3,113$2,295$974
26 years$6,941$5,227$3,881$2,847$2,067$840
27 years$6,612$4,919$3,604$2,606$1,863$726
28 years$6,307$4,635$3,350$2,387$1,681$627
29 years$6,024$4,373$3,118$2,189$1,518$542
30 years$5,761$4,130$2,904$2,009$1,372$469
31 years$5,514$3,904$2,707$1,845$1,240$406
32 years$5,284$3,694$2,526$1,696$1,122$351
33 years$5,068$3,498$2,359$1,559$1,015$304
34 years$4,865$3,316$2,204$1,435$919$263
35 years$4,674$3,145$2,060$1,321$833$227
36 years$4,495$2,985$1,927$1,216$754$197
37 years$4,325$2,835$1,804$1,121$684$171
38 years$4,165$2,694$1,689$1,033$620$148
39 years$4,013$2,562$1,583$953$562$128
40 years$3,869$2,437$1,483$879$510$111
41 years$3,733$2,320$1,391$811$463$96
42 years$3,603$2,210$1,305$748$420$83
43 years$3,480$2,105$1,224$691$381$72
44 years$3,362$2,007$1,149$638$346$62
45 years$3,251$1,914$1,079$589$314$54
46 years$3,144$1,826$1,014$544$285$47
47 years$3,042$1,742$952$503$259$41
48 years$2,945$1,663$895$464$235$35
49 years$2,852$1,588$841$429$213$30
50 years$2,763$1,517$791$397$194$26

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 $5,486 every year, while hoping to spend $52,929 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: 27/50/23 Blend
44$2,830,000$2,830,000$2,830,000$2,830,000
45$3,124,319$2,974,329$2,930,464$3,185,893
46$3,386,683$3,063,755$2,972,318$3,324,513
47$3,674,035$3,155,789$3,013,801$3,468,250
48$3,988,867$3,250,503$3,054,843$3,621,468
49$4,333,924$3,347,970$3,095,373$3,785,004
50$4,712,230$3,448,266$3,135,314$3,959,781
51$5,127,115$3,551,469$3,174,585$4,146,811
52$5,582,246$3,657,657$3,213,099$4,347,205
53$6,081,665$3,766,911$3,250,767$4,562,187
54$6,629,820$3,879,315$3,287,493$4,793,103
55$7,231,613$3,994,953$3,323,176$5,041,430
56$7,892,444$4,113,912$3,357,709$5,308,797
57$8,618,261$4,236,281$3,390,979$5,596,992
58$9,415,616$4,362,152$3,422,870$5,907,986
59$10,291,727$4,491,615$3,453,254$6,243,944
60$11,254,547$4,624,768$3,482,002$6,607,252
61$12,312,836$4,761,707$3,508,974$7,000,535
62$13,476,245$4,902,531$3,534,025$7,426,681
63$14,755,409$5,047,342$3,557,002$7,888,873
64$16,162,042$5,196,243$3,577,742$8,390,610
65$17,709,051$5,349,340$3,596,078$8,935,750
66$19,410,657$5,506,740$3,611,829$9,528,538
67$21,282,529$5,668,555$3,624,810$10,173,650
68$23,341,929$5,834,896$3,634,823$10,876,233
69$25,607,878$6,005,879$3,641,662$11,641,959
70$28,101,334$6,181,619$3,645,110$12,477,073
71$30,845,388$6,362,236$3,644,939$13,388,455
72$33,865,483$6,547,851$3,640,910$14,383,682
73$37,189,655$6,738,589$3,632,774$15,471,102
74$40,848,794$6,934,574$3,620,266$16,659,908
75$44,876,938$7,135,935$3,603,112$17,960,231
76$49,311,592$7,342,802$3,581,022$19,383,229
77$54,194,083$7,555,308$3,553,695$20,941,197
78$59,569,948$7,773,587$3,520,812$22,647,680
79$65,489,365$7,997,775$3,482,042$24,517,601
80$72,007,627$8,228,012$3,437,037$26,567,401
81$79,185,659$8,464,439$3,385,432$28,815,195
82$87,090,597$8,707,198$3,326,845$31,280,945
83$95,796,422$8,956,434$3,260,878$33,986,644
84$105,384,652$9,212,294$3,187,112$36,956,524
85$115,945,117$9,474,927$3,105,111$40,217,288
86$127,576,803$9,744,483$3,014,416$43,798,358
87$140,388,787$10,021,113$2,914,550$47,732,156
88$154,501,267$10,304,971$2,805,011$52,054,407
89$170,046,694$10,596,213$2,685,277$56,804,478
90$187,171,023$10,894,993$2,554,800$62,025,749
91$206,035,090$11,201,470$2,413,008$67,766,021
92$226,816,129$11,515,802$2,259,304$74,077,970
93$249,709,447$11,838,149$2,093,062$81,019,643
94$274,930,261$12,168,669$1,913,631$88,655,006
95$302,715,739$12,507,525$1,720,328$97,054,547
96$333,327,226$12,854,875$1,512,441$106,295,943
97$367,052,722$13,210,883$1,289,227$116,464,793
98$404,209,590$13,575,707$1,049,907$127,655,426
99$445,147,560$13,949,509$793,671$139,971,792
100$490,252,024$14,332,447$519,671$153,528,443