Can I retire at age 45 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$236,176$234,072$232,020$230,017$228,060$220,760
2 years$116,919$114,741$112,631$110,585$108,600$101,313
3 years$77,172$74,985$72,880$70,853$68,900$61,854
4 years$57,302$55,122$53,038$51,045$49,140$42,389
5 years$45,383$43,216$41,159$39,208$37,356$30,918
6 years$37,440$35,289$33,263$31,355$29,558$23,440
7 years$31,769$29,636$27,642$25,779$24,039$18,239
8 years$27,517$25,403$23,442$21,625$19,943$14,456
9 years$24,212$22,118$20,191$18,420$16,794$11,616
10 years$21,569$19,496$17,603$15,878$14,310$9,432
11 years$19,408$17,356$15,497$13,819$12,307$7,720
12 years$17,609$15,578$13,753$12,121$10,665$6,359
13 years$16,088$14,078$12,288$10,701$9,300$5,265
14 years$14,785$12,796$11,041$9,499$8,152$4,377
15 years$13,657$11,690$9,968$8,471$7,178$3,651
16 years$12,671$10,725$9,038$7,585$6,344$3,054
17 years$11,802$9,878$8,224$6,815$5,625$2,560
18 years$11,030$9,127$7,507$6,142$5,001$2,150
19 years$10,340$8,459$6,873$5,550$4,458$1,809
20 years$9,720$7,861$6,307$5,026$3,982$1,524
21 years$9,160$7,322$5,802$4,562$3,563$1,285
22 years$8,651$6,835$5,347$4,148$3,194$1,084
23 years$8,188$6,392$4,937$3,777$2,867$916
24 years$7,763$5,989$4,566$3,445$2,577$774
25 years$7,374$5,621$4,229$3,146$2,319$655
26 years$7,014$5,282$3,922$2,877$2,089$554
27 years$6,682$4,971$3,642$2,633$1,883$469
28 years$6,374$4,684$3,386$2,413$1,699$397
29 years$6,088$4,419$3,151$2,212$1,534$336
30 years$5,822$4,174$2,935$2,030$1,386$285
31 years$5,573$3,945$2,736$1,865$1,253$241
32 years$5,340$3,733$2,553$1,714$1,134$204
33 years$5,122$3,535$2,384$1,576$1,026$173
34 years$4,917$3,351$2,227$1,450$929$147
35 years$4,724$3,178$2,082$1,335$841$124
36 years$4,542$3,016$1,948$1,229$762$106
37 years$4,371$2,865$1,823$1,133$691$89
38 years$4,209$2,723$1,707$1,044$626$76
39 years$4,055$2,589$1,599$963$568$64
40 years$3,910$2,463$1,499$888$515$55
41 years$3,772$2,345$1,406$819$467$46
42 years$3,641$2,233$1,319$756$424$39
43 years$3,517$2,128$1,237$698$385$33
44 years$3,398$2,028$1,162$644$349$28
45 years$3,285$1,934$1,091$595$317$24
46 years$3,177$1,845$1,024$550$288$20
47 years$3,075$1,761$962$508$262$17
48 years$2,976$1,681$904$469$238$15
49 years$2,882$1,605$850$434$216$12
50 years$2,792$1,533$799$401$196$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,860,000, adding $2,116 every year, while hoping to spend $33,786 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: 49/35/16 Blend
44$2,860,000$2,860,000$2,860,000$2,860,000
45$3,153,903$3,002,323$2,957,993$3,294,323
46$3,439,653$3,113,488$3,021,137$3,502,642
47$3,753,417$3,228,969$3,085,265$3,725,153
48$4,098,017$3,348,940$3,150,373$3,966,129
49$4,476,561$3,473,585$3,216,457$4,227,314
50$4,892,475$3,603,094$3,283,513$4,510,626
51$5,349,529$3,737,668$3,351,532$4,818,176
52$5,851,881$3,877,514$3,420,508$5,152,282
53$6,404,108$4,022,847$3,490,431$5,515,494
54$7,011,256$4,173,896$3,561,289$5,910,619
55$7,678,882$4,330,894$3,633,070$6,340,740
56$8,413,109$4,494,089$3,705,759$6,809,253
57$9,220,682$4,663,736$3,779,338$7,319,891
58$10,109,036$4,840,103$3,853,790$7,876,764
59$11,086,358$5,023,468$3,929,093$8,484,393
60$12,161,673$5,214,125$4,005,223$9,147,752
61$13,344,922$5,412,375$4,082,156$9,872,319
62$14,647,059$5,618,536$4,159,864$10,664,120
63$16,080,154$5,832,940$4,238,314$11,529,788
64$17,657,506$6,055,930$4,317,474$12,476,626
65$19,393,769$6,287,868$4,397,307$13,512,675
66$21,305,090$6,529,130$4,477,774$14,646,783
67$23,409,260$6,780,109$4,558,830$15,888,695
68$25,725,884$7,041,213$4,640,430$17,249,141
69$28,276,562$7,312,871$4,722,523$18,739,933
70$31,085,099$7,595,529$4,805,055$20,374,080
71$34,177,724$7,889,654$4,887,968$22,165,906
72$37,583,337$8,195,733$4,971,200$24,131,188
73$41,333,786$8,514,273$5,054,685$26,287,296
74$45,464,165$8,845,805$5,138,350$28,653,365
75$50,013,144$9,190,884$5,222,119$31,250,466
76$55,023,336$9,550,088$5,305,911$34,101,809
77$60,541,696$9,924,022$5,389,638$37,232,956
78$66,619,967$10,313,317$5,473,209$40,672,064
79$73,315,167$10,718,633$5,556,525$44,450,149
80$80,690,126$11,140,658$5,639,481$48,601,372
81$88,814,081$11,580,112$5,721,965$53,163,365
82$97,763,326$12,037,746$5,803,859$58,177,584
83$107,621,935$12,514,346$5,885,039$63,689,694
84$118,482,556$13,010,732$5,965,371$69,750,002
85$130,447,279$13,527,761$6,044,714$76,413,928
86$143,628,610$14,066,329$6,122,920$83,742,525
87$158,150,520$14,627,371$6,199,830$91,803,055
88$174,149,627$15,211,867$6,275,278$100,669,619
89$191,776,477$15,820,836$6,349,088$110,423,856
90$211,196,969$16,455,348$6,421,074$121,155,709
91$232,593,919$17,116,519$6,491,038$132,964,274
92$256,168,785$17,805,515$6,558,775$145,958,727
93$282,143,572$18,523,557$6,624,065$160,259,360
94$310,762,923$19,271,917$6,686,677$175,998,704
95$342,296,430$20,051,930$6,746,370$193,322,783
96$377,041,178$20,864,987$6,802,886$212,392,487
97$415,324,552$21,712,545$6,855,957$233,385,087
98$457,507,324$22,596,127$6,905,298$256,495,905
99$503,987,057$23,517,324$6,950,612$281,940,154
100$555,201,864$24,477,800$6,991,585$309,954,964