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%13.6%
1 years$238,653$236,528$234,454$232,429$230,453$227,009
2 years$118,145$115,945$113,812$111,745$109,739$106,278
3 years$77,981$75,771$73,644$71,596$69,623$66,251
4 years$57,903$55,700$53,594$51,581$49,656$46,399
5 years$45,859$43,669$41,591$39,619$37,748$34,616
6 years$37,833$35,659$33,612$31,684$29,868$26,866
7 years$32,102$29,947$27,932$26,049$24,291$21,418
8 years$27,805$25,670$23,688$21,852$20,152$17,408
9 years$24,466$22,350$20,403$18,613$16,971$14,355
10 years$21,795$19,701$17,788$16,044$14,460$11,970
11 years$19,612$17,538$15,660$13,964$12,436$10,070
12 years$17,794$15,741$13,898$12,248$10,777$8,531
13 years$16,257$14,226$12,417$10,813$9,398$7,269
14 years$14,940$12,931$11,156$9,599$8,238$6,224
15 years$13,800$11,812$10,073$8,560$7,253$5,349
16 years$12,804$10,838$9,132$7,665$6,410$4,613
17 years$11,925$9,981$8,310$6,887$5,684$3,990
18 years$11,146$9,223$7,586$6,206$5,054$3,458
19 years$10,449$8,548$6,945$5,608$4,505$3,004
20 years$9,822$7,943$6,374$5,079$4,024$2,614
21 years$9,256$7,399$5,862$4,610$3,601$2,278
22 years$8,742$6,906$5,403$4,191$3,228$1,988
23 years$8,274$6,459$4,989$3,817$2,897$1,736
24 years$7,845$6,052$4,614$3,481$2,604$1,518
25 years$7,451$5,679$4,273$3,179$2,343$1,329
26 years$7,088$5,338$3,963$2,907$2,111$1,164
27 years$6,752$5,024$3,680$2,661$1,903$1,020
28 years$6,441$4,734$3,421$2,438$1,717$894
29 years$6,152$4,466$3,184$2,236$1,551$784
30 years$5,883$4,217$2,966$2,052$1,401$688
31 years$5,631$3,987$2,765$1,884$1,267$604
32 years$5,396$3,772$2,580$1,732$1,146$531
33 years$5,176$3,572$2,409$1,593$1,037$466
34 years$4,968$3,386$2,250$1,465$939$410
35 years$4,774$3,211$2,104$1,349$850$360
36 years$4,590$3,048$1,968$1,242$770$317
37 years$4,417$2,895$1,842$1,145$698$278
38 years$4,253$2,751$1,725$1,055$633$245
39 years$4,098$2,616$1,616$973$574$215
40 years$3,951$2,489$1,515$897$521$189
41 years$3,812$2,369$1,421$828$472$166
42 years$3,679$2,257$1,332$764$429$146
43 years$3,554$2,150$1,250$705$389$129
44 years$3,434$2,049$1,174$651$353$113
45 years$3,320$1,954$1,102$601$321$100
46 years$3,211$1,864$1,035$555$291$88
47 years$3,107$1,779$972$513$264$77
48 years$3,007$1,698$914$474$240$68
49 years$2,913$1,622$859$438$218$60
50 years$2,822$1,549$808$405$198$53

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 $6,071 every year, while hoping to spend $53,774 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: 73/13/14 Blend
44$2,890,000$2,890,000$2,890,000$2,890,000
45$3,191,042$3,037,872$2,993,077$3,413,873
46$3,459,313$3,129,513$3,036,130$3,653,842
47$3,753,146$3,223,842$3,078,823$3,909,413
48$4,075,090$3,320,933$3,121,087$4,187,919
49$4,427,956$3,420,865$3,162,850$4,491,619
50$4,814,835$3,523,715$3,204,033$4,823,002
51$5,239,136$3,629,565$3,244,556$5,184,808
52$5,704,611$3,738,497$3,284,331$5,580,054
53$6,215,393$3,850,595$3,323,269$6,012,064
54$6,776,036$3,965,947$3,361,271$6,484,499
55$7,391,555$4,084,642$3,398,237$7,001,392
56$8,067,474$4,206,770$3,434,058$7,567,183
57$8,809,879$4,332,424$3,468,622$8,186,765
58$9,625,475$4,461,701$3,501,809$8,865,527
59$10,521,646$4,594,697$3,533,492$9,609,406
60$11,506,530$4,731,513$3,563,540$10,424,941
61$12,589,089$4,872,251$3,591,812$11,319,338
62$13,779,200$5,017,015$3,618,161$12,300,534
63$15,087,742$5,165,912$3,642,433$13,377,274
64$16,526,701$5,319,052$3,664,465$14,559,192
65$18,109,285$5,476,545$3,684,084$15,856,903
66$19,850,044$5,638,507$3,701,113$17,282,102
67$21,765,008$5,805,054$3,715,360$18,847,674
68$23,871,842$5,976,305$3,726,628$20,567,817
69$26,190,008$6,152,382$3,734,707$22,458,174
70$28,740,948$6,333,408$3,739,380$24,535,981
71$31,548,290$6,519,511$3,740,414$26,820,229
72$34,638,068$6,710,819$3,737,571$29,331,843
73$38,038,967$6,907,465$3,730,595$32,093,883
74$41,782,593$7,109,582$3,719,222$35,131,754
75$45,903,775$7,317,309$3,703,172$38,473,452
76$50,440,887$7,530,783$3,682,155$42,149,826
77$55,436,214$7,750,149$3,655,864$46,194,869
78$60,936,351$7,975,549$3,623,979$50,646,036
79$66,992,639$8,207,132$3,586,163$55,544,603
80$73,661,654$8,445,046$3,542,065$60,936,052
81$81,005,734$8,689,446$3,491,316$66,870,499
82$89,093,575$8,940,484$3,433,531$73,403,173
83$98,000,871$9,198,319$3,368,305$80,594,930
84$107,811,033$9,463,110$3,295,217$88,512,833
85$118,615,975$9,735,019$3,213,823$97,230,781
86$130,516,980$10,014,211$3,123,662$106,830,208
87$143,625,656$10,300,851$3,024,248$117,400,851
88$158,064,989$10,595,109$2,915,077$129,041,599
89$173,970,504$10,897,155$2,795,618$141,861,422
90$191,491,542$11,207,163$2,665,318$155,980,404
91$210,792,672$11,525,306$2,523,599$171,530,874
92$232,055,240$11,851,762$2,369,855$188,658,656
93$255,479,084$12,186,708$2,203,455$207,524,443
94$281,284,418$12,530,324$2,023,738$228,305,320
95$309,713,910$12,882,791$1,830,014$251,196,428
96$341,034,972$13,244,291$1,621,563$276,412,811
97$375,542,285$13,615,007$1,397,631$304,191,444
98$413,560,579$13,995,123$1,157,432$334,793,473
99$455,447,697$14,384,824$900,146$368,506,674
100$501,597,976$14,784,294$624,915$405,648,178