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%14.5%
1 years$234,525$232,436$230,397$228,408$226,466$222,257
2 years$116,101$113,939$111,843$109,812$107,841$103,616
3 years$76,632$74,460$72,370$70,357$68,419$64,310
4 years$56,901$54,736$52,667$50,689$48,797$44,836
5 years$45,066$42,914$40,872$38,934$37,094$33,292
6 years$37,178$35,042$33,030$31,136$29,352$25,712
7 years$31,546$29,429$27,448$25,598$23,871$20,396
8 years$27,324$25,226$23,278$21,474$19,803$16,491
9 years$24,042$21,964$20,050$18,291$16,677$13,526
10 years$21,418$19,360$17,480$15,767$14,210$11,217
11 years$19,273$17,235$15,389$13,722$12,221$9,383
12 years$17,486$15,469$13,657$12,036$10,590$7,903
13 years$15,975$13,980$12,202$10,626$9,235$6,695
14 years$14,682$12,707$10,963$9,433$8,095$5,697
15 years$13,561$11,608$9,899$8,412$7,128$4,867
16 years$12,582$10,650$8,974$7,532$6,300$4,170
17 years$11,719$9,808$8,166$6,768$5,586$3,584
18 years$10,953$9,063$7,455$6,099$4,966$3,086
19 years$10,268$8,400$6,825$5,511$4,427$2,663
20 years$9,652$7,806$6,263$4,991$3,954$2,302
21 years$9,096$7,271$5,761$4,530$3,538$1,992
22 years$8,591$6,787$5,310$4,119$3,172$1,727
23 years$8,131$6,348$4,903$3,751$2,847$1,498
24 years$7,709$5,947$4,534$3,421$2,559$1,300
25 years$7,322$5,581$4,199$3,124$2,303$1,130
26 years$6,965$5,245$3,895$2,857$2,074$982
27 years$6,635$4,937$3,617$2,615$1,870$855
28 years$6,330$4,652$3,362$2,396$1,687$744
29 years$6,046$4,388$3,129$2,197$1,524$648
30 years$5,781$4,144$2,914$2,016$1,377$564
31 years$5,534$3,918$2,717$1,852$1,245$492
32 years$5,303$3,707$2,535$1,702$1,126$429
33 years$5,086$3,511$2,367$1,565$1,019$374
34 years$4,882$3,327$2,211$1,440$923$326
35 years$4,691$3,156$2,068$1,326$836$284
36 years$4,511$2,995$1,934$1,221$757$248
37 years$4,340$2,845$1,810$1,125$686$216
38 years$4,179$2,704$1,695$1,037$622$189
39 years$4,027$2,571$1,588$956$564$165
40 years$3,883$2,446$1,489$882$512$144
41 years$3,746$2,328$1,396$813$464$126
42 years$3,616$2,217$1,309$751$421$110
43 years$3,492$2,113$1,229$693$382$96
44 years$3,374$2,014$1,153$640$347$84
45 years$3,262$1,920$1,083$591$315$73
46 years$3,155$1,832$1,017$546$286$64
47 years$3,053$1,748$956$504$260$56
48 years$2,955$1,669$898$466$236$49
49 years$2,862$1,594$844$431$214$42
50 years$2,773$1,522$794$398$195$37

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 $2,893 every year, while hoping to spend $28,196 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: 58/13/29 Blend
44$2,840,000$2,840,000$2,840,000$2,840,000
45$3,132,664$2,982,144$2,938,124$3,289,324
46$3,422,196$3,098,269$3,006,551$3,513,207
47$3,740,314$3,219,139$3,076,325$3,754,002
48$4,089,906$3,344,956$3,147,462$4,015,999
49$4,474,151$3,475,934$3,219,976$4,301,264
50$4,896,552$3,612,292$3,293,883$4,612,070
51$5,360,967$3,754,261$3,369,195$4,950,919
52$5,871,650$3,902,084$3,445,927$5,320,566
53$6,433,284$4,056,012$3,524,091$5,724,044
54$7,051,030$4,216,308$3,603,700$6,164,690
55$7,730,575$4,383,247$3,684,764$6,646,181
56$8,478,185$4,557,117$3,767,295$7,172,564
57$9,300,763$4,738,219$3,851,302$7,748,294
58$10,205,913$4,926,864$3,936,793$8,378,279
59$11,202,019$5,123,383$4,023,778$9,067,923
60$12,298,313$5,328,117$4,112,262$9,823,176
61$13,504,969$5,541,423$4,202,252$10,650,593
62$14,833,200$5,763,677$4,293,752$11,557,391
63$16,295,359$5,995,269$4,386,764$12,551,520
64$17,905,056$6,236,609$4,481,292$13,641,738
65$19,677,292$6,488,122$4,577,335$14,837,688
66$21,628,591$6,750,256$4,674,891$16,149,995
67$23,777,166$7,023,477$4,773,959$17,590,362
68$26,143,083$7,308,273$4,874,533$19,171,679
69$28,748,454$7,605,155$4,976,606$20,908,147
70$31,617,645$7,914,656$5,080,170$22,815,410
71$34,777,503$8,237,332$5,185,215$24,910,702
72$38,257,615$8,573,768$5,291,726$27,213,008
73$42,090,582$8,924,573$5,399,689$29,743,243
74$46,312,328$9,290,384$5,509,085$32,524,452
75$50,962,440$9,671,868$5,619,894$35,582,021
76$56,084,541$10,069,721$5,732,093$38,943,921
77$61,726,700$10,484,673$5,845,653$42,640,966
78$67,941,887$10,917,486$5,960,547$46,707,110
79$74,788,474$11,368,958$6,076,740$51,179,758
80$82,330,783$11,839,921$6,194,195$56,100,127
81$90,639,696$12,331,250$6,312,873$61,513,627
82$99,793,319$12,843,855$6,432,728$67,470,294
83$109,877,725$13,378,692$6,553,713$74,025,256
84$120,987,764$13,936,758$6,675,773$81,239,260
85$133,227,955$14,519,099$6,798,851$89,179,234
86$146,713,479$15,126,807$6,922,885$97,918,927
87$161,571,259$15,761,026$7,047,806$107,539,601
88$177,941,161$16,422,950$7,173,542$118,130,793
89$195,977,318$17,113,833$7,300,014$129,791,165
90$215,849,576$17,834,982$7,427,136$142,629,431
91$237,745,106$18,587,769$7,554,818$156,765,382
92$261,870,164$19,373,627$7,682,962$172,331,016
93$288,452,042$20,194,057$7,811,462$189,471,781
94$317,741,212$21,050,628$7,940,208$208,347,950
95$350,013,691$21,944,983$8,069,080$229,136,130
96$385,573,642$22,878,842$8,197,949$252,030,928
97$424,756,253$23,854,005$8,326,680$277,246,786
98$467,930,894$24,872,355$8,455,127$305,020,006
99$515,504,609$25,935,863$8,583,137$335,610,975
100$567,925,952$27,046,593$8,710,545$369,306,625