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

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$234,525$232,436$230,397$228,408$226,466$224,194
2 years$116,101$113,939$111,843$109,812$107,841$105,553
3 years$76,632$74,460$72,370$70,357$68,419$66,185
4 years$56,901$54,736$52,667$50,689$48,797$46,635
5 years$45,066$42,914$40,872$38,934$37,094$35,011
6 years$37,178$35,042$33,030$31,136$29,352$27,349
7 years$31,546$29,429$27,448$25,598$23,871$21,950
8 years$27,324$25,226$23,278$21,474$19,803$17,963
9 years$24,042$21,964$20,050$18,291$16,677$14,918
10 years$21,418$19,360$17,480$15,767$14,210$12,531
11 years$19,273$17,235$15,389$13,722$12,221$10,620
12 years$17,486$15,469$13,657$12,036$10,590$9,066
13 years$15,975$13,980$12,202$10,626$9,235$7,786
14 years$14,682$12,707$10,963$9,433$8,095$6,719
15 years$13,561$11,608$9,899$8,412$7,128$5,823
16 years$12,582$10,650$8,974$7,532$6,300$5,064
17 years$11,719$9,808$8,166$6,768$5,586$4,416
18 years$10,953$9,063$7,455$6,099$4,966$3,861
19 years$10,268$8,400$6,825$5,511$4,427$3,383
20 years$9,652$7,806$6,263$4,991$3,954$2,970
21 years$9,096$7,271$5,761$4,530$3,538$2,612
22 years$8,591$6,787$5,310$4,119$3,172$2,300
23 years$8,131$6,348$4,903$3,751$2,847$2,028
24 years$7,709$5,947$4,534$3,421$2,559$1,790
25 years$7,322$5,581$4,199$3,124$2,303$1,581
26 years$6,965$5,245$3,895$2,857$2,074$1,398
27 years$6,635$4,937$3,617$2,615$1,870$1,237
28 years$6,330$4,652$3,362$2,396$1,687$1,095
29 years$6,046$4,388$3,129$2,197$1,524$970
30 years$5,781$4,144$2,914$2,016$1,377$860
31 years$5,534$3,918$2,717$1,852$1,245$762
32 years$5,303$3,707$2,535$1,702$1,126$676
33 years$5,086$3,511$2,367$1,565$1,019$600
34 years$4,882$3,327$2,211$1,440$923$532
35 years$4,691$3,156$2,068$1,326$836$473
36 years$4,511$2,995$1,934$1,221$757$420
37 years$4,340$2,845$1,810$1,125$686$373
38 years$4,179$2,704$1,695$1,037$622$331
39 years$4,027$2,571$1,588$956$564$294
40 years$3,883$2,446$1,489$882$512$261
41 years$3,746$2,328$1,396$813$464$232
42 years$3,616$2,217$1,309$751$421$207
43 years$3,492$2,113$1,229$693$382$184
44 years$3,374$2,014$1,153$640$347$163
45 years$3,262$1,920$1,083$591$315$145
46 years$3,155$1,832$1,017$546$286$129
47 years$3,053$1,748$956$504$260$115
48 years$2,955$1,669$898$466$236$102
49 years$2,862$1,594$844$431$214$91
50 years$2,773$1,522$794$398$195$81

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 $5,093 every year, while hoping to spend $44,466 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: 65/18/17 Blend
44$2,840,000$2,840,000$2,840,000$2,840,000
45$3,134,933$2,984,413$2,940,393$3,325,258
46$3,407,385$3,083,338$2,991,585$3,552,336
47$3,706,137$3,185,620$3,043,001$3,794,799
48$4,033,824$3,291,376$3,094,603$4,058,680
49$4,393,349$3,400,729$3,146,347$4,346,075
50$4,787,910$3,513,804$3,198,190$4,659,291
51$5,221,029$3,630,733$3,250,082$5,000,866
52$5,696,587$3,751,651$3,301,971$5,373,597
53$6,218,855$3,876,699$3,353,805$5,780,562
54$6,792,544$4,006,023$3,405,522$6,225,150
55$7,422,839$4,139,774$3,457,063$6,711,095
56$8,115,454$4,278,108$3,508,360$7,242,507
57$8,876,683$4,421,188$3,559,343$7,823,914
58$9,713,462$4,569,183$3,609,938$8,460,301
59$10,633,429$4,722,268$3,660,065$9,157,161
60$11,645,004$4,880,623$3,709,642$9,920,543
61$12,757,457$5,044,437$3,758,578$10,757,109
62$13,981,009$5,213,905$3,806,781$11,674,198
63$15,326,914$5,389,229$3,854,151$12,679,896
64$16,807,577$5,570,619$3,900,583$13,783,106
65$18,436,663$5,758,293$3,945,965$14,993,641
66$20,229,229$5,952,476$3,990,182$16,322,308
67$22,201,866$6,153,402$4,033,108$17,781,013
68$24,372,854$6,361,316$4,074,614$19,382,873
69$26,762,333$6,576,469$4,114,563$21,142,339
70$29,392,498$6,799,123$4,152,808$23,075,333
71$32,287,803$7,029,550$4,189,197$25,199,396
72$35,475,193$7,268,032$4,223,569$27,533,854
73$38,984,359$7,514,862$4,255,754$30,100,000
74$42,848,016$7,770,343$4,285,575$32,921,296
75$47,102,215$8,034,791$4,312,843$36,023,590
76$51,786,679$8,308,534$4,337,362$39,435,363
77$56,945,180$8,591,912$4,358,922$43,187,998
78$62,625,950$8,885,277$4,377,308$47,316,072
79$68,882,137$9,188,996$4,392,288$51,857,684
80$75,772,309$9,503,450$4,403,624$56,854,816
81$83,361,000$9,829,035$4,411,061$62,353,725
82$91,719,325$10,166,161$4,414,334$68,405,381
83$100,925,648$10,515,254$4,413,166$75,065,948
84$111,066,320$10,876,758$4,407,263$82,397,313
85$122,236,498$11,251,132$4,396,320$90,467,670
86$134,541,039$11,638,856$4,380,014$99,352,161
87$148,095,490$12,040,425$4,358,010$109,133,589
88$163,027,179$12,456,355$4,329,953$119,903,195
89$179,476,419$12,887,184$4,295,474$131,761,519
90$197,597,826$13,333,468$4,254,184$144,819,353
91$217,561,783$13,795,787$4,205,678$159,198,779
92$239,556,046$14,274,742$4,149,530$175,034,328
93$263,787,517$14,770,959$4,085,293$192,474,242
94$290,484,197$15,285,088$4,012,503$211,681,880
95$319,897,333$15,817,806$3,930,671$232,837,254
96$352,303,798$16,369,815$3,839,285$256,138,729
97$388,008,696$16,941,846$3,737,811$281,804,898
98$427,348,245$17,534,659$3,625,690$310,076,638
99$470,692,952$18,149,044$3,502,337$341,219,392
100$518,451,108$18,785,822$3,367,140$375,525,665