Can I retire at age 45 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$237,002$234,891$232,831$230,821$228,858$222,424
2 years$117,328$115,143$113,025$110,972$108,980$102,547
3 years$77,441$75,247$73,135$71,101$69,141$62,910
4 years$57,502$55,314$53,223$51,224$49,312$43,331
5 years$45,542$43,367$41,303$39,345$37,486$31,772
6 years$37,571$35,413$33,379$31,464$29,662$24,220
7 years$31,880$29,739$27,738$25,869$24,123$18,953
8 years$27,613$25,492$23,524$21,701$20,012$15,111
9 years$24,296$22,196$20,261$18,484$16,853$12,217
10 years$21,645$19,564$17,664$15,933$14,360$9,982
11 years$19,476$17,417$15,551$13,867$12,350$8,223
12 years$17,671$15,632$13,802$12,163$10,702$6,818
13 years$16,144$14,127$12,331$10,738$9,332$5,684
14 years$14,837$12,841$11,079$9,532$8,181$4,758
15 years$13,705$11,731$10,003$8,501$7,203$3,997
16 years$12,715$10,763$9,069$7,612$6,366$3,367
17 years$11,843$9,912$8,253$6,839$5,645$2,844
18 years$11,068$9,159$7,534$6,163$5,019$2,406
19 years$10,376$8,489$6,897$5,569$4,473$2,040
20 years$9,754$7,888$6,329$5,044$3,996$1,731
21 years$9,192$7,347$5,822$4,578$3,576$1,471
22 years$8,682$6,859$5,366$4,162$3,205$1,251
23 years$8,216$6,415$4,954$3,791$2,877$1,065
24 years$7,791$6,010$4,582$3,457$2,586$908
25 years$7,399$5,640$4,244$3,157$2,327$774
26 years$7,039$5,301$3,936$2,887$2,096$660
27 years$6,706$4,989$3,655$2,642$1,890$563
28 years$6,397$4,701$3,398$2,421$1,705$481
29 years$6,110$4,435$3,162$2,220$1,540$410
30 years$5,842$4,188$2,945$2,038$1,391$350
31 years$5,592$3,959$2,746$1,871$1,258$299
32 years$5,359$3,746$2,562$1,720$1,138$256
33 years$5,140$3,548$2,392$1,581$1,030$219
34 years$4,934$3,362$2,235$1,455$932$187
35 years$4,741$3,189$2,089$1,340$844$160
36 years$4,558$3,027$1,955$1,234$765$137
37 years$4,386$2,875$1,829$1,137$693$117
38 years$4,224$2,732$1,713$1,048$629$100
39 years$4,070$2,598$1,605$966$570$85
40 years$3,924$2,472$1,504$891$517$73
41 years$3,785$2,353$1,411$822$469$62
42 years$3,654$2,241$1,323$759$426$53
43 years$3,529$2,135$1,242$700$386$46
44 years$3,410$2,035$1,166$647$351$39
45 years$3,297$1,941$1,094$597$318$33
46 years$3,188$1,851$1,028$552$289$29
47 years$3,085$1,767$966$510$262$24
48 years$2,987$1,687$907$471$238$21
49 years$2,892$1,611$853$435$216$18
50 years$2,802$1,539$802$402$197$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,870,000, adding $3,533 every year, while hoping to spend $23,273 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: 41/47/12 Blend
44$2,870,000$2,870,000$2,870,000$2,870,000
45$3,166,384$3,014,274$2,969,789$3,284,826
46$3,464,593$3,137,211$3,044,515$3,491,398
47$3,792,439$3,265,392$3,120,964$3,712,257
48$4,152,921$3,399,050$3,199,169$3,950,782
49$4,549,342$3,538,426$3,279,165$4,208,588
50$4,985,343$3,683,776$3,360,984$4,487,450
51$5,464,932$3,835,366$3,444,661$4,789,314
52$5,992,528$3,993,472$3,530,230$5,116,319
53$6,572,999$4,158,386$3,617,727$5,470,811
54$7,211,710$4,330,411$3,707,185$5,855,368
55$7,914,569$4,509,866$3,798,641$6,272,822
56$8,688,089$4,697,083$3,892,129$6,726,283
57$9,539,444$4,892,410$3,987,685$7,219,168
58$10,476,540$5,096,211$4,085,346$7,755,234
59$11,508,089$5,308,867$4,185,146$8,338,609
60$12,643,688$5,530,775$4,287,122$8,973,831
61$13,893,913$5,762,353$4,391,310$9,665,887
62$15,270,420$6,004,036$4,497,747$10,420,263
63$16,786,050$6,256,280$4,606,468$11,242,990
64$18,454,952$6,519,563$4,717,510$12,140,703
65$20,292,719$6,794,384$4,830,908$13,120,695
66$22,316,532$7,081,264$4,946,699$14,190,992
67$24,545,323$7,380,751$5,064,919$15,360,422
68$26,999,956$7,693,418$5,185,603$16,638,698
69$29,703,417$8,019,861$5,308,787$18,036,506
70$32,681,040$8,360,709$5,434,506$19,565,605
71$35,960,738$8,716,616$5,562,794$21,238,934
72$39,573,272$9,088,268$5,693,686$23,070,735
73$43,552,538$9,476,385$5,827,216$25,076,681
74$47,935,886$9,881,717$5,963,417$27,274,022
75$52,764,477$10,305,052$6,102,322$29,681,748
76$58,083,667$10,747,213$6,243,964$32,320,761
77$63,943,436$11,209,062$6,388,372$35,214,073
78$70,398,862$11,691,501$6,535,578$38,387,018
79$77,510,637$12,195,476$6,685,611$41,867,487
80$85,345,643$12,721,975$6,838,499$45,686,189
81$93,977,580$13,272,033$6,994,270$49,876,939
82$103,487,665$13,846,734$7,152,950$54,476,970
83$113,965,396$14,447,214$7,314,564$59,527,280
84$125,509,399$15,074,660$7,479,134$65,073,020
85$138,228,355$15,730,316$7,646,682$71,163,911
86$152,242,030$16,415,484$7,817,229$77,854,709
87$167,682,403$17,131,529$7,990,792$85,205,721
88$184,694,913$17,879,878$8,167,388$93,283,365
89$203,439,828$18,662,027$8,347,030$102,160,792
90$224,093,766$19,479,541$8,529,730$111,918,576
91$246,851,351$20,334,060$8,715,498$122,645,461
92$271,927,061$21,227,301$8,904,339$134,439,200
93$299,557,245$22,161,062$9,096,258$147,407,467
94$330,002,357$23,137,227$9,291,256$161,668,871
95$363,549,414$24,157,768$9,489,330$177,354,062
96$400,514,706$25,224,750$9,690,473$194,606,966
97$441,246,779$26,340,336$9,894,678$213,586,127
98$486,129,731$27,506,793$10,101,930$234,466,205
99$535,586,831$28,726,493$10,312,212$257,439,610
100$590,084,518$30,001,922$10,525,502$282,718,310