Can I retire at age 45 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$238,653$236,528$234,454$232,429$230,453$228,046
2 years$118,145$115,945$113,812$111,745$109,739$107,316
3 years$77,981$75,771$73,644$71,596$69,623$67,258
4 years$57,903$55,700$53,594$51,581$49,656$47,367
5 years$45,859$43,669$41,591$39,619$37,748$35,542
6 years$37,833$35,659$33,612$31,684$29,868$27,749
7 years$32,102$29,947$27,932$26,049$24,291$22,258
8 years$27,805$25,670$23,688$21,852$20,152$18,205
9 years$24,466$22,350$20,403$18,613$16,971$15,110
10 years$21,795$19,701$17,788$16,044$14,460$12,684
11 years$19,612$17,538$15,660$13,964$12,436$10,744
12 years$17,794$15,741$13,898$12,248$10,777$9,166
13 years$16,257$14,226$12,417$10,813$9,398$7,867
14 years$14,940$12,931$11,156$9,599$8,238$6,785
15 years$13,800$11,812$10,073$8,560$7,253$5,875
16 years$12,804$10,838$9,132$7,665$6,410$5,106
17 years$11,925$9,981$8,310$6,887$5,684$4,450
18 years$11,146$9,223$7,586$6,206$5,054$3,888
19 years$10,449$8,548$6,945$5,608$4,505$3,404
20 years$9,822$7,943$6,374$5,079$4,024$2,986
21 years$9,256$7,399$5,862$4,610$3,601$2,624
22 years$8,742$6,906$5,403$4,191$3,228$2,309
23 years$8,274$6,459$4,989$3,817$2,897$2,034
24 years$7,845$6,052$4,614$3,481$2,604$1,794
25 years$7,451$5,679$4,273$3,179$2,343$1,583
26 years$7,088$5,338$3,963$2,907$2,111$1,399
27 years$6,752$5,024$3,680$2,661$1,903$1,237
28 years$6,441$4,734$3,421$2,438$1,717$1,094
29 years$6,152$4,466$3,184$2,236$1,551$968
30 years$5,883$4,217$2,966$2,052$1,401$857
31 years$5,631$3,987$2,765$1,884$1,267$760
32 years$5,396$3,772$2,580$1,732$1,146$673
33 years$5,176$3,572$2,409$1,593$1,037$597
34 years$4,968$3,386$2,250$1,465$939$529
35 years$4,774$3,211$2,104$1,349$850$470
36 years$4,590$3,048$1,968$1,242$770$417
37 years$4,417$2,895$1,842$1,145$698$370
38 years$4,253$2,751$1,725$1,055$633$328
39 years$4,098$2,616$1,616$973$574$291
40 years$3,951$2,489$1,515$897$521$259
41 years$3,812$2,369$1,421$828$472$230
42 years$3,679$2,257$1,332$764$429$204
43 years$3,554$2,150$1,250$705$389$181
44 years$3,434$2,049$1,174$651$353$161
45 years$3,320$1,954$1,102$601$321$143
46 years$3,211$1,864$1,035$555$291$127
47 years$3,107$1,779$972$513$264$113
48 years$3,007$1,698$914$474$240$100
49 years$2,913$1,622$859$438$218$89
50 years$2,822$1,549$808$405$198$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,890,000, adding $6,178 every year, while hoping to spend $30,447 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: 78/9/13 Blend
44$2,890,000$2,890,000$2,890,000$2,890,000
45$3,191,153$3,037,983$2,993,188$3,431,390
46$3,484,255$3,154,448$3,061,064$3,706,868
47$3,806,233$3,275,601$3,130,194$4,004,444
48$4,160,000$3,401,637$3,200,587$4,329,978
49$4,548,766$3,532,763$3,272,252$4,686,249
50$4,976,066$3,669,194$3,345,199$5,076,319
51$5,445,796$3,811,155$3,419,433$5,503,558
52$5,962,246$3,958,880$3,494,964$5,971,678
53$6,530,145$4,112,615$3,571,795$6,484,767
54$7,154,701$4,272,616$3,649,932$7,047,326
55$7,841,655$4,439,148$3,729,379$7,664,316
56$8,597,329$4,612,491$3,810,138$8,341,198
57$9,428,690$4,792,937$3,892,211$9,083,989
58$10,343,415$4,980,789$3,975,598$9,899,315
59$11,349,961$5,176,366$4,060,299$10,794,477
60$12,457,647$5,379,998$4,146,309$11,777,515
61$13,676,743$5,592,033$4,233,626$12,857,290
62$15,018,561$5,812,833$4,322,243$14,043,558
63$16,495,568$6,042,776$4,412,152$15,347,071
64$18,121,501$6,282,257$4,503,344$16,779,673
65$19,911,496$6,531,690$4,595,808$18,354,410
66$21,882,231$6,791,505$4,689,530$20,085,659
67$24,052,084$7,062,154$4,784,495$21,989,256
68$26,441,304$7,344,107$4,880,683$24,082,650
69$29,072,206$7,637,857$4,978,074$26,385,064
70$31,969,377$7,943,918$5,076,646$28,917,679
71$35,159,912$8,262,828$5,176,372$31,703,832
72$38,673,665$8,595,149$5,277,223$34,769,234
73$42,543,536$8,941,469$5,379,167$38,142,214
74$46,805,776$9,302,400$5,482,168$41,853,988
75$51,500,332$9,678,585$5,586,188$45,938,947
76$56,671,225$10,070,695$5,691,184$50,434,987
77$62,366,962$10,479,430$5,797,111$55,383,863
78$68,640,994$10,905,525$5,903,916$60,831,584
79$75,552,225$11,349,745$6,011,547$66,828,844
80$83,165,562$11,812,893$6,119,944$73,431,504
81$91,552,530$12,295,805$6,229,043$80,701,115
82$100,791,948$12,799,359$6,338,775$88,705,499
83$110,970,669$13,324,470$6,449,066$97,519,390
84$122,184,405$13,872,097$6,559,838$107,225,137
85$134,538,626$14,443,241$6,671,004$117,913,482
86$148,149,557$15,038,951$6,782,474$129,684,413
87$163,145,275$15,660,322$6,894,150$142,648,112
88$179,666,916$16,308,502$7,005,927$156,925,988
89$197,870,011$16,984,688$7,117,695$172,651,827
90$217,925,949$17,690,134$7,229,335$189,973,052
91$240,023,599$18,426,154$7,340,721$209,052,113
92$264,371,089$19,194,118$7,451,717$230,068,022
93$291,197,772$19,995,463$7,562,183$253,218,038
94$320,756,394$20,831,689$7,671,965$278,719,532
95$353,325,474$21,704,369$7,780,903$306,812,035
96$389,211,935$22,615,146$7,888,826$337,759,500
97$428,754,004$23,565,740$7,995,553$371,852,791
98$472,324,401$24,557,950$8,100,893$409,412,428
99$520,333,860$25,593,660$8,204,643$450,791,611
100$573,235,003$26,674,838$8,306,588$496,379,555