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%11.1%
1 years$234,525$232,436$230,397$228,408$226,466$225,417
2 years$116,101$113,939$111,843$109,812$107,841$106,782
3 years$76,632$74,460$72,370$70,357$68,419$67,383
4 years$56,901$54,736$52,667$50,689$48,797$47,792
5 years$45,066$42,914$40,872$38,934$37,094$36,123
6 years$37,178$35,042$33,030$31,136$29,352$28,416
7 years$31,546$29,429$27,448$25,598$23,871$22,970
8 years$27,324$25,226$23,278$21,474$19,803$18,938
9 years$24,042$21,964$20,050$18,291$16,677$15,848
10 years$21,418$19,360$17,480$15,767$14,210$13,415
11 years$19,273$17,235$15,389$13,722$12,221$11,461
12 years$17,486$15,469$13,657$12,036$10,590$9,865
13 years$15,975$13,980$12,202$10,626$9,235$8,543
14 years$14,682$12,707$10,963$9,433$8,095$7,435
15 years$13,561$11,608$9,899$8,412$7,128$6,500
16 years$12,582$10,650$8,974$7,532$6,300$5,702
17 years$11,719$9,808$8,166$6,768$5,586$5,018
18 years$10,953$9,063$7,455$6,099$4,966$4,428
19 years$10,268$8,400$6,825$5,511$4,427$3,916
20 years$9,652$7,806$6,263$4,991$3,954$3,471
21 years$9,096$7,271$5,761$4,530$3,538$3,081
22 years$8,591$6,787$5,310$4,119$3,172$2,740
23 years$8,131$6,348$4,903$3,751$2,847$2,439
24 years$7,709$5,947$4,534$3,421$2,559$2,175
25 years$7,322$5,581$4,199$3,124$2,303$1,940
26 years$6,965$5,245$3,895$2,857$2,074$1,733
27 years$6,635$4,937$3,617$2,615$1,870$1,549
28 years$6,330$4,652$3,362$2,396$1,687$1,386
29 years$6,046$4,388$3,129$2,197$1,524$1,241
30 years$5,781$4,144$2,914$2,016$1,377$1,111
31 years$5,534$3,918$2,717$1,852$1,245$996
32 years$5,303$3,707$2,535$1,702$1,126$893
33 years$5,086$3,511$2,367$1,565$1,019$801
34 years$4,882$3,327$2,211$1,440$923$718
35 years$4,691$3,156$2,068$1,326$836$645
36 years$4,511$2,995$1,934$1,221$757$579
37 years$4,340$2,845$1,810$1,125$686$520
38 years$4,179$2,704$1,695$1,037$622$467
39 years$4,027$2,571$1,588$956$564$419
40 years$3,883$2,446$1,489$882$512$377
41 years$3,746$2,328$1,396$813$464$339
42 years$3,616$2,217$1,309$751$421$304
43 years$3,492$2,113$1,229$693$382$274
44 years$3,374$2,014$1,153$640$347$246
45 years$3,262$1,920$1,083$591$315$221
46 years$3,155$1,832$1,017$546$286$199
47 years$3,053$1,748$956$504$260$179
48 years$2,955$1,669$898$466$236$161
49 years$2,862$1,594$844$431$214$145
50 years$2,773$1,522$794$398$195$130

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 $6,060 every year, while hoping to spend $23,952 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: 40/35/25 Blend
44$2,840,000$2,840,000$2,840,000$2,840,000
45$3,135,931$2,985,411$2,941,391$3,237,979
46$3,430,311$3,106,211$3,014,443$3,433,074
47$3,753,915$3,232,128$3,089,139$3,641,302
48$4,109,699$3,363,387$3,165,510$3,866,110
49$4,500,919$3,500,223$3,243,585$4,109,028
50$4,931,162$3,642,883$3,323,394$4,371,736
51$5,404,381$3,791,625$3,404,968$4,656,078
52$5,924,930$3,946,718$3,488,337$4,964,082
53$6,497,609$4,108,443$3,573,533$5,297,973
54$7,127,704$4,277,095$3,660,585$5,660,197
55$7,821,040$4,452,983$3,749,524$6,053,445
56$8,584,035$4,636,427$3,840,382$6,480,670
57$9,423,760$4,827,766$3,933,189$6,945,123
58$10,348,008$5,027,352$4,027,975$7,450,375
59$11,365,365$5,235,552$4,124,772$8,000,353
60$12,485,291$5,452,753$4,223,611$8,599,379
61$13,718,210$5,679,357$4,324,521$9,252,202
62$15,075,609$5,915,786$4,427,534$9,964,050
63$16,570,143$6,162,482$4,532,679$10,740,669
64$18,215,760$6,419,906$4,639,986$11,588,386
65$20,027,827$6,688,541$4,749,485$12,514,159
66$22,023,278$6,968,892$4,861,205$13,525,647
67$24,220,772$7,261,488$4,975,175$14,631,274
68$26,640,871$7,566,881$5,091,423$15,840,317
69$29,306,231$7,885,649$5,209,978$17,162,980
70$32,241,820$8,218,400$5,330,865$18,610,500
71$35,475,149$8,565,765$5,454,113$20,195,243
72$39,036,535$8,928,408$5,579,746$21,930,822
73$42,959,384$9,307,022$5,707,790$23,832,225
74$47,280,509$9,702,334$5,838,269$25,915,951
75$52,040,476$10,115,103$5,971,206$28,200,167
76$57,283,986$10,546,125$6,106,623$30,704,875
77$63,060,299$10,996,231$6,244,540$33,452,100
78$69,423,695$11,466,293$6,384,979$36,466,093
79$76,433,993$11,957,222$6,527,956$39,773,562
80$84,157,107$12,469,972$6,673,490$43,403,918
81$92,665,674$13,005,543$6,821,594$47,389,548
82$102,039,738$13,564,980$6,972,283$51,766,125
83$112,367,505$14,149,378$7,125,568$56,572,934
84$123,746,175$14,759,882$7,281,459$61,853,244
85$136,282,861$15,397,692$7,439,964$67,654,714
86$150,095,598$16,064,064$7,601,087$74,029,836
87$165,314,459$16,760,312$7,764,833$81,036,429
88$182,082,780$17,487,814$7,931,202$88,738,183
89$200,558,516$18,248,010$8,100,190$97,205,252
90$220,915,732$19,042,410$8,271,793$106,514,916
91$243,346,241$19,872,592$8,446,003$116,752,306
92$268,061,421$20,740,213$8,622,808$128,011,201
93$295,294,207$21,647,003$8,802,192$140,394,911
94$325,301,287$22,594,778$8,984,137$154,017,246
95$358,365,533$23,585,436$9,168,620$169,003,588
96$394,798,662$24,620,968$9,355,613$185,492,064
97$434,944,186$25,703,455$9,545,086$203,634,853
98$479,180,649$26,835,081$9,737,003$223,599,607
99$527,925,204$28,018,129$9,931,321$245,571,037
100$581,637,549$29,254,992$10,127,996$269,752,645