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%11.6%
1 years$236,176$234,072$232,020$230,017$228,060$226,528
2 years$116,919$114,741$112,631$110,585$108,600$107,055
3 years$77,172$74,985$72,880$70,853$68,900$67,390
4 years$57,302$55,122$53,038$51,045$49,140$47,676
5 years$45,383$43,216$41,159$39,208$37,356$35,942
6 years$37,440$35,289$33,263$31,355$29,558$28,197
7 years$31,769$29,636$27,642$25,779$24,039$22,731
8 years$27,517$25,403$23,442$21,625$19,943$18,688
9 years$24,212$22,118$20,191$18,420$16,794$15,593
10 years$21,569$19,496$17,603$15,878$14,310$13,160
11 years$19,408$17,356$15,497$13,819$12,307$11,209
12 years$17,609$15,578$13,753$12,121$10,665$9,617
13 years$16,088$14,078$12,288$10,701$9,300$8,302
14 years$14,785$12,796$11,041$9,499$8,152$7,203
15 years$13,657$11,690$9,968$8,471$7,178$6,275
16 years$12,671$10,725$9,038$7,585$6,344$5,487
17 years$11,802$9,878$8,224$6,815$5,625$4,812
18 years$11,030$9,127$7,507$6,142$5,001$4,231
19 years$10,340$8,459$6,873$5,550$4,458$3,729
20 years$9,720$7,861$6,307$5,026$3,982$3,293
21 years$9,160$7,322$5,802$4,562$3,563$2,913
22 years$8,651$6,835$5,347$4,148$3,194$2,580
23 years$8,188$6,392$4,937$3,777$2,867$2,289
24 years$7,763$5,989$4,566$3,445$2,577$2,032
25 years$7,374$5,621$4,229$3,146$2,319$1,807
26 years$7,014$5,282$3,922$2,877$2,089$1,607
27 years$6,682$4,971$3,642$2,633$1,883$1,431
28 years$6,374$4,684$3,386$2,413$1,699$1,275
29 years$6,088$4,419$3,151$2,212$1,534$1,137
30 years$5,822$4,174$2,935$2,030$1,386$1,014
31 years$5,573$3,945$2,736$1,865$1,253$905
32 years$5,340$3,733$2,553$1,714$1,134$808
33 years$5,122$3,535$2,384$1,576$1,026$722
34 years$4,917$3,351$2,227$1,450$929$645
35 years$4,724$3,178$2,082$1,335$841$576
36 years$4,542$3,016$1,948$1,229$762$515
37 years$4,371$2,865$1,823$1,133$691$461
38 years$4,209$2,723$1,707$1,044$626$412
39 years$4,055$2,589$1,599$963$568$369
40 years$3,910$2,463$1,499$888$515$330
41 years$3,772$2,345$1,406$819$467$295
42 years$3,641$2,233$1,319$756$424$264
43 years$3,517$2,128$1,237$698$385$237
44 years$3,398$2,028$1,162$644$349$212
45 years$3,285$1,934$1,091$595$317$190
46 years$3,177$1,845$1,024$550$288$170
47 years$3,075$1,761$962$508$262$152
48 years$2,976$1,681$904$469$238$136
49 years$2,882$1,605$850$434$216$122
50 years$2,792$1,533$799$401$196$109

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 $3,137 every year, while hoping to spend $40,398 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: 52/40/8 Blend
44$2,860,000$2,860,000$2,860,000$2,860,000
45$3,154,956$3,003,376$2,959,046$3,312,543
46$3,433,778$3,107,558$3,015,191$3,524,157
47$3,739,686$3,215,491$3,071,862$3,749,531
48$4,075,401$3,327,317$3,129,036$3,993,663
49$4,443,917$3,443,181$3,186,684$4,258,329
50$4,848,536$3,563,236$3,244,778$4,545,483
51$5,292,894$3,687,642$3,303,285$4,857,271
52$5,780,995$3,816,562$3,362,171$5,196,055
53$6,317,251$3,950,168$3,421,398$5,564,432
54$6,906,523$4,088,639$3,480,928$5,965,259
55$7,554,166$4,232,160$3,540,716$6,401,680
56$8,266,079$4,380,923$3,600,718$6,877,151
57$9,048,760$4,535,129$3,660,883$7,395,477
58$9,909,370$4,694,988$3,721,159$7,960,845
59$10,855,798$4,860,714$3,781,490$8,577,861
60$11,896,735$5,032,535$3,841,816$9,251,596
61$13,041,758$5,210,685$3,902,073$9,987,631
62$14,301,417$5,395,408$3,962,192$10,792,109
63$15,687,338$5,586,959$4,022,101$11,671,792
64$17,212,328$5,785,602$4,081,723$12,634,126
65$18,890,501$5,991,612$4,140,977$13,687,305
66$20,737,407$6,205,276$4,199,775$14,840,355
67$22,770,180$6,426,892$4,258,024$16,103,211
68$25,007,699$6,656,770$4,315,629$17,486,814
69$27,470,765$6,895,234$4,372,484$19,003,211
70$30,182,302$7,142,619$4,428,480$20,665,671
71$33,167,565$7,399,275$4,483,503$22,488,803
72$36,454,385$7,665,568$4,537,428$24,488,699
73$40,073,428$7,941,877$4,590,128$26,683,080
74$44,058,486$8,228,596$4,641,465$29,091,465
75$48,446,792$8,526,139$4,691,295$31,735,352
76$53,279,378$8,834,932$4,739,467$34,638,420
77$58,601,454$9,155,424$4,785,818$37,826,752
78$64,462,841$9,488,078$4,830,182$41,329,078
79$70,918,436$9,833,380$4,872,379$45,177,045
80$78,028,735$10,191,833$4,912,221$49,405,515
81$85,860,397$10,563,964$4,949,512$54,052,893
82$94,486,880$10,950,321$4,984,043$59,161,485
83$103,989,129$11,351,474$5,015,596$64,777,898
84$114,456,342$11,768,018$5,043,940$70,953,476
85$125,986,810$12,200,572$5,068,833$77,744,785
86$138,688,848$12,649,784$5,090,023$85,214,144
87$152,681,813$13,116,325$5,107,240$93,430,209
88$168,097,231$13,600,898$5,120,206$102,468,622
89$185,080,040$14,104,234$5,128,625$112,412,723
90$203,789,958$14,627,095$5,132,188$123,354,328
91$224,402,988$15,170,277$5,130,570$135,394,604
92$247,113,081$15,734,609$5,123,432$148,645,010
93$272,133,964$16,320,953$5,110,416$163,228,356
94$299,701,160$16,930,212$5,091,147$179,279,952
95$330,074,211$17,563,325$5,065,233$196,948,888
96$363,539,124$18,221,272$5,032,262$216,399,437
97$400,411,075$18,905,074$4,991,803$237,812,599
98$441,037,380$19,615,798$4,943,404$261,387,811
99$485,800,776$20,354,555$4,886,591$287,344,824
100$535,123,032$21,122,506$4,820,869$315,925,775