Can I retire at age 45 with 2,840,000?

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 $2,840,000?

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 years$234,525$232,436$230,397$228,408$226,466$218,257
2 years$116,101$113,939$111,843$109,812$107,841$99,661
3 years$76,632$74,460$72,370$70,357$68,419$60,524
4 years$56,901$54,736$52,667$50,689$48,797$41,249
5 years$45,066$42,914$40,872$38,934$37,094$29,912
6 years$37,178$35,042$33,030$31,136$29,352$22,540
7 years$31,546$29,429$27,448$25,598$23,871$17,429
8 years$27,324$25,226$23,278$21,474$19,803$13,725
9 years$24,042$21,964$20,050$18,291$16,677$10,955
10 years$21,418$19,360$17,480$15,767$14,210$8,833
11 years$19,273$17,235$15,389$13,722$12,221$7,179
12 years$17,486$15,469$13,657$12,036$10,590$5,870
13 years$15,975$13,980$12,202$10,626$9,235$4,824
14 years$14,682$12,707$10,963$9,433$8,095$3,980
15 years$13,561$11,608$9,899$8,412$7,128$3,294
16 years$12,582$10,650$8,974$7,532$6,300$2,733
17 years$11,719$9,808$8,166$6,768$5,586$2,273
18 years$10,953$9,063$7,455$6,099$4,966$1,894
19 years$10,268$8,400$6,825$5,511$4,427$1,580
20 years$9,652$7,806$6,263$4,991$3,954$1,319
21 years$9,096$7,271$5,761$4,530$3,538$1,103
22 years$8,591$6,787$5,310$4,119$3,172$923
23 years$8,131$6,348$4,903$3,751$2,847$773
24 years$7,709$5,947$4,534$3,421$2,559$648
25 years$7,322$5,581$4,199$3,124$2,303$543
26 years$6,965$5,245$3,895$2,857$2,074$455
27 years$6,635$4,937$3,617$2,615$1,870$382
28 years$6,330$4,652$3,362$2,396$1,687$320
29 years$6,046$4,388$3,129$2,197$1,524$269
30 years$5,781$4,144$2,914$2,016$1,377$226
31 years$5,534$3,918$2,717$1,852$1,245$190
32 years$5,303$3,707$2,535$1,702$1,126$159
33 years$5,086$3,511$2,367$1,565$1,019$134
34 years$4,882$3,327$2,211$1,440$923$112
35 years$4,691$3,156$2,068$1,326$836$94
36 years$4,511$2,995$1,934$1,221$757$79
37 years$4,340$2,845$1,810$1,125$686$67
38 years$4,179$2,704$1,695$1,037$622$56
39 years$4,027$2,571$1,588$956$564$47
40 years$3,883$2,446$1,489$882$512$39
41 years$3,746$2,328$1,396$813$464$33
42 years$3,616$2,217$1,309$751$421$28
43 years$3,492$2,113$1,229$693$382$23
44 years$3,374$2,014$1,153$640$347$20
45 years$3,262$1,920$1,083$591$315$17
46 years$3,155$1,832$1,017$546$286$14
47 years$3,053$1,748$956$504$260$12
48 years$2,955$1,669$898$466$236$10
49 years$2,862$1,594$844$431$214$8
50 years$2,773$1,522$794$398$195$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,840,000, adding $5,108 every year, while hoping to spend $34,866 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: 51/39/10 Blend
44$2,840,000$2,840,000$2,840,000$2,840,000
45$3,134,949$2,984,429$2,940,409$3,286,363
46$3,417,617$3,093,569$3,001,815$3,499,379
47$3,727,948$3,206,888$3,064,111$3,726,677
48$4,068,727$3,324,554$3,127,287$3,972,959
49$4,443,023$3,446,743$3,191,337$4,240,022
50$4,854,214$3,573,637$3,256,250$4,529,837
51$5,306,025$3,705,425$3,322,014$4,844,575
52$5,802,555$3,842,306$3,388,617$5,186,619
53$6,348,323$3,984,487$3,456,044$5,558,593
54$6,948,308$4,132,183$3,524,278$5,963,381
55$7,607,994$4,285,619$3,593,299$6,404,155
56$8,333,423$4,445,028$3,663,089$6,884,404
57$9,131,253$4,610,655$3,733,622$7,407,968
58$10,008,817$4,782,753$3,804,875$7,979,070
59$10,974,198$4,961,589$3,876,820$8,602,359
60$12,036,298$5,147,439$3,949,426$9,282,948
61$13,204,929$5,340,592$4,022,660$10,026,465
62$14,490,899$5,541,349$4,096,486$10,839,107
63$15,906,119$5,750,023$4,170,867$11,727,689
64$17,463,712$5,966,943$4,245,759$12,699,719
65$19,178,137$6,192,449$4,321,118$13,763,457
66$21,065,326$6,426,899$4,396,896$14,928,000
67$23,142,836$6,670,664$4,473,038$16,203,360
68$25,430,011$6,924,132$4,549,491$17,600,563
69$27,948,166$7,187,708$4,626,192$19,131,747
70$30,720,787$7,461,814$4,703,078$20,810,279
71$33,773,756$7,746,892$4,780,080$22,650,878
72$37,135,591$8,043,401$4,857,125$24,669,753
73$40,837,716$8,351,822$4,934,133$26,884,753
74$44,914,757$8,672,656$5,011,021$29,315,536
75$49,404,872$9,006,426$5,087,699$31,983,751
76$54,350,107$9,353,678$5,164,075$34,913,243
77$59,796,792$9,714,982$5,240,045$38,130,275
78$65,795,982$10,090,935$5,315,505$41,663,772
79$72,403,938$10,482,156$5,390,340$45,545,597
80$79,682,653$10,889,295$5,464,430$49,810,844
81$87,700,443$11,313,030$5,537,647$54,498,173
82$96,532,588$11,754,067$5,609,858$59,650,169
83$106,262,042$12,213,147$5,680,918$65,313,740
84$116,980,219$12,691,040$5,750,678$71,540,565
85$128,787,853$13,188,552$5,818,977$78,387,570
86$141,795,948$13,706,526$5,885,647$85,917,470
87$156,126,829$14,245,840$5,950,510$94,199,355
88$171,915,292$14,807,412$6,013,379$103,309,340
89$189,309,879$15,392,203$6,074,055$113,331,281
90$208,474,280$16,001,214$6,132,329$124,357,563
91$229,588,876$16,635,493$6,187,981$136,489,970
92$252,852,442$17,296,133$6,240,780$149,840,642
93$278,484,026$17,984,278$6,290,480$164,533,131
94$306,725,011$18,701,122$6,336,826$180,703,561
95$337,841,398$19,447,913$6,379,546$198,501,914
96$372,126,316$20,225,956$6,418,355$218,093,437
97$409,902,786$21,036,614$6,452,956$239,660,203
98$451,526,772$21,881,310$6,483,032$263,402,821
99$497,390,544$22,761,535$6,508,254$289,542,330
100$547,926,373$23,678,844$6,528,274$318,322,276