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%
1 years$238,653$236,528$234,454$232,429$230,453$227,573
2 years$118,145$115,945$113,812$111,745$109,739$106,842
3 years$77,981$75,771$73,644$71,596$69,623$66,798
4 years$57,903$55,700$53,594$51,581$49,656$46,924
5 years$45,859$43,669$41,591$39,619$37,748$35,118
6 years$37,833$35,659$33,612$31,684$29,868$27,344
7 years$32,102$29,947$27,932$26,049$24,291$21,872
8 years$27,805$25,670$23,688$21,852$20,152$17,839
9 years$24,466$22,350$20,403$18,613$16,971$14,762
10 years$21,795$19,701$17,788$16,044$14,460$12,355
11 years$19,612$17,538$15,660$13,964$12,436$10,432
12 years$17,794$15,741$13,898$12,248$10,777$8,872
13 years$16,257$14,226$12,417$10,813$9,398$7,590
14 years$14,940$12,931$11,156$9,599$8,238$6,524
15 years$13,800$11,812$10,073$8,560$7,253$5,631
16 years$12,804$10,838$9,132$7,665$6,410$4,876
17 years$11,925$9,981$8,310$6,887$5,684$4,235
18 years$11,146$9,223$7,586$6,206$5,054$3,687
19 years$10,449$8,548$6,945$5,608$4,505$3,217
20 years$9,822$7,943$6,374$5,079$4,024$2,811
21 years$9,256$7,399$5,862$4,610$3,601$2,461
22 years$8,742$6,906$5,403$4,191$3,228$2,157
23 years$8,274$6,459$4,989$3,817$2,897$1,893
24 years$7,845$6,052$4,614$3,481$2,604$1,663
25 years$7,451$5,679$4,273$3,179$2,343$1,462
26 years$7,088$5,338$3,963$2,907$2,111$1,287
27 years$6,752$5,024$3,680$2,661$1,903$1,133
28 years$6,441$4,734$3,421$2,438$1,717$998
29 years$6,152$4,466$3,184$2,236$1,551$880
30 years$5,883$4,217$2,966$2,052$1,401$776
31 years$5,631$3,987$2,765$1,884$1,267$685
32 years$5,396$3,772$2,580$1,732$1,146$604
33 years$5,176$3,572$2,409$1,593$1,037$534
34 years$4,968$3,386$2,250$1,465$939$471
35 years$4,774$3,211$2,104$1,349$850$416
36 years$4,590$3,048$1,968$1,242$770$368
37 years$4,417$2,895$1,842$1,145$698$325
38 years$4,253$2,751$1,725$1,055$633$287
39 years$4,098$2,616$1,616$973$574$254
40 years$3,951$2,489$1,515$897$521$224
41 years$3,812$2,369$1,421$828$472$198
42 years$3,679$2,257$1,332$764$429$176
43 years$3,554$2,150$1,250$705$389$155
44 years$3,434$2,049$1,174$651$353$137
45 years$3,320$1,954$1,102$601$321$121
46 years$3,211$1,864$1,035$555$291$107
47 years$3,107$1,779$972$513$264$95
48 years$3,007$1,698$914$474$240$84
49 years$2,913$1,622$859$438$218$74
50 years$2,822$1,549$808$405$198$66

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 $6,287 every year, while hoping to spend $44,646 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: 69/19/12 Blend
44$2,890,000$2,890,000$2,890,000$2,890,000
45$3,191,265$3,038,095$2,993,300$3,402,783
46$3,469,271$3,139,459$3,046,073$3,645,440
47$3,774,137$3,244,293$3,099,117$3,904,853
48$4,108,557$3,352,720$3,152,394$4,187,486
49$4,475,494$3,464,869$3,205,865$4,495,615
50$4,878,218$3,580,870$3,259,484$4,831,745
51$5,320,325$3,700,862$3,313,205$5,198,634
52$5,805,779$3,824,985$3,366,979$5,599,319
53$6,338,948$3,953,389$3,420,752$6,037,142
54$6,924,641$4,086,225$3,474,467$6,515,783
55$7,568,156$4,223,652$3,528,064$7,039,298
56$8,275,332$4,365,835$3,581,479$7,612,149
57$9,052,600$4,512,945$3,634,642$8,239,252
58$9,907,044$4,665,158$3,687,481$8,926,022
59$10,846,470$4,822,659$3,739,920$9,678,419
60$11,879,479$4,985,637$3,791,876$10,503,013
61$13,015,544$5,154,292$3,843,262$11,407,035
62$14,265,106$5,328,829$3,893,987$12,398,454
63$15,639,665$5,509,459$3,943,954$13,486,045
64$17,151,894$5,696,406$3,993,059$14,679,476
65$18,815,755$5,889,898$4,041,195$15,989,396
66$20,646,632$6,090,173$4,088,245$17,427,537
67$22,661,477$6,297,480$4,134,090$19,006,821
68$24,878,966$6,512,074$4,178,600$20,741,487
69$27,319,678$6,734,224$4,221,641$22,647,218
70$30,006,289$6,964,205$4,263,070$24,741,294
71$32,963,785$7,202,305$4,302,737$27,042,754
72$36,219,696$7,448,823$4,340,483$29,572,570
73$39,804,358$7,704,069$4,376,143$32,353,852
74$43,751,199$7,968,365$4,409,541$35,412,059
75$48,097,052$8,242,045$4,440,491$38,775,243
76$52,882,504$8,525,458$4,468,800$42,474,311
77$58,152,278$8,818,964$4,494,263$46,543,315
78$63,955,655$9,122,938$4,516,665$51,019,778
79$70,346,940$9,437,769$4,535,782$55,945,041
80$77,385,971$9,763,864$4,551,374$61,364,656
81$85,138,689$10,101,642$4,563,194$67,328,816
82$93,677,753$10,451,540$4,570,979$73,892,824
83$103,083,232$10,814,014$4,574,454$81,117,620
84$113,443,355$11,189,534$4,573,333$89,070,351
85$124,855,349$11,578,593$4,567,311$97,825,007
86$137,426,350$11,981,700$4,556,071$107,463,114
87$151,274,420$12,399,385$4,539,282$118,074,509
88$166,529,656$12,832,200$4,516,593$129,758,182
89$183,335,422$13,280,718$4,487,639$142,623,215
90$201,849,697$13,745,536$4,452,038$156,789,802
91$222,246,572$14,227,273$4,409,386$172,390,393
92$244,717,886$14,726,573$4,359,264$189,570,936
93$269,475,042$15,244,107$4,301,232$208,492,257
94$296,751,000$15,780,572$4,234,827$229,331,575
95$326,802,476$16,336,693$4,159,567$252,284,178
96$359,912,362$16,913,225$4,074,946$277,565,260
97$396,392,402$17,510,952$3,980,435$305,411,954
98$436,586,128$18,130,690$3,875,482$336,085,573
99$480,872,108$18,773,289$3,759,506$369,874,068
100$529,667,516$19,439,632$3,631,901$407,094,752