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%14.9%
1 years$238,653$236,528$234,454$232,429$230,453$225,800
2 years$118,145$115,945$113,812$111,745$109,739$105,072
3 years$77,981$75,771$73,644$71,596$69,623$65,087
4 years$57,903$55,700$53,594$51,581$49,656$45,286
5 years$45,859$43,669$41,591$39,619$37,748$33,556
6 years$37,833$35,659$33,612$31,684$29,868$25,860
7 years$32,102$29,947$27,932$26,049$24,291$20,466
8 years$27,805$25,670$23,688$21,852$20,152$16,510
9 years$24,466$22,350$20,403$18,613$16,971$13,509
10 years$21,795$19,701$17,788$16,044$14,460$11,176
11 years$19,612$17,538$15,660$13,964$12,436$9,325
12 years$17,794$15,741$13,898$12,248$10,777$7,834
13 years$16,257$14,226$12,417$10,813$9,398$6,618
14 years$14,940$12,931$11,156$9,599$8,238$5,617
15 years$13,800$11,812$10,073$8,560$7,253$4,785
16 years$12,804$10,838$9,132$7,665$6,410$4,089
17 years$11,925$9,981$8,310$6,887$5,684$3,503
18 years$11,146$9,223$7,586$6,206$5,054$3,008
19 years$10,449$8,548$6,945$5,608$4,505$2,588
20 years$9,822$7,943$6,374$5,079$4,024$2,230
21 years$9,256$7,399$5,862$4,610$3,601$1,925
22 years$8,742$6,906$5,403$4,191$3,228$1,663
23 years$8,274$6,459$4,989$3,817$2,897$1,438
24 years$7,845$6,052$4,614$3,481$2,604$1,245
25 years$7,451$5,679$4,273$3,179$2,343$1,078
26 years$7,088$5,338$3,963$2,907$2,111$934
27 years$6,752$5,024$3,680$2,661$1,903$810
28 years$6,441$4,734$3,421$2,438$1,717$703
29 years$6,152$4,466$3,184$2,236$1,551$610
30 years$5,883$4,217$2,966$2,052$1,401$530
31 years$5,631$3,987$2,765$1,884$1,267$460
32 years$5,396$3,772$2,580$1,732$1,146$400
33 years$5,176$3,572$2,409$1,593$1,037$347
34 years$4,968$3,386$2,250$1,465$939$302
35 years$4,774$3,211$2,104$1,349$850$262
36 years$4,590$3,048$1,968$1,242$770$228
37 years$4,417$2,895$1,842$1,145$698$198
38 years$4,253$2,751$1,725$1,055$633$173
39 years$4,098$2,616$1,616$973$574$150
40 years$3,951$2,489$1,515$897$521$131
41 years$3,812$2,369$1,421$828$472$114
42 years$3,679$2,257$1,332$764$429$99
43 years$3,554$2,150$1,250$705$389$86
44 years$3,434$2,049$1,174$651$353$75
45 years$3,320$1,954$1,102$601$321$65
46 years$3,211$1,864$1,035$555$291$57
47 years$3,107$1,779$972$513$264$49
48 years$3,007$1,698$914$474$240$43
49 years$2,913$1,622$859$438$218$37
50 years$2,822$1,549$808$405$198$32

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 $6,970 every year, while hoping to spend $41,074 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: 73/20/7 Blend
44$2,890,000$2,890,000$2,890,000$2,890,000
45$3,191,970$3,038,800$2,994,005$3,421,331
46$3,473,848$3,143,998$3,050,601$3,678,663
47$3,783,101$3,252,975$3,107,717$3,954,560
48$4,122,479$3,365,872$3,165,327$4,255,552
49$4,495,008$3,482,836$3,223,402$4,584,104
50$4,904,024$3,604,020$3,281,911$4,942,929
51$5,353,201$3,729,584$3,340,822$5,335,015
52$5,846,587$3,859,693$3,400,099$5,763,648
53$6,388,641$3,994,519$3,459,703$6,232,451
54$6,984,273$4,134,242$3,519,594$6,745,408
55$7,638,895$4,279,046$3,579,727$7,306,908
56$8,358,469$4,429,126$3,640,055$7,921,785
57$9,149,562$4,584,683$3,700,526$8,595,361
58$10,019,411$4,745,925$3,761,087$9,333,497
59$10,975,986$4,913,071$3,821,679$10,142,648
60$12,028,073$5,086,347$3,882,241$11,029,923
61$13,185,347$5,265,989$3,942,706$12,003,150
62$14,458,470$5,452,241$4,003,005$13,070,955
63$15,859,192$5,645,358$4,063,063$14,242,836
64$17,400,454$5,845,605$4,122,801$15,529,256
65$19,096,519$6,053,259$4,182,134$16,941,739
66$20,963,102$6,268,606$4,240,973$18,492,981
67$23,017,516$6,491,946$4,299,223$20,196,968
68$25,278,840$6,723,588$4,356,784$22,069,104
69$27,768,096$6,963,858$4,413,550$24,126,362
70$30,508,446$7,213,091$4,469,409$26,387,437
71$33,525,414$7,471,639$4,524,241$28,872,929
72$36,847,123$7,739,867$4,577,920$31,605,528
73$40,504,564$8,018,155$4,630,314$34,610,235
74$44,531,883$8,306,898$4,681,284$37,914,593
75$48,966,708$8,606,509$4,730,680$41,548,949
76$53,850,502$8,917,417$4,778,347$45,546,735
77$59,228,951$9,240,069$4,824,120$49,944,789
78$65,152,403$9,574,931$4,867,826$54,783,696
79$71,676,332$9,922,486$4,909,282$60,108,174
80$78,861,871$10,283,241$4,948,296$65,967,494
81$86,776,383$10,657,722$4,984,666$72,415,942
82$95,494,100$11,046,476$5,018,178$79,513,334
83$105,096,820$11,450,074$5,048,608$87,325,578
84$115,674,679$11,869,112$5,075,721$95,925,295
85$127,327,008$12,304,210$5,099,268$105,392,501
86$140,163,259$12,756,012$5,118,990$115,815,366
87$154,304,048$13,225,194$5,134,613$127,291,042
88$169,882,288$13,712,455$5,145,850$139,926,579
89$187,044,444$14,218,528$5,152,398$153,839,933
90$205,951,916$14,744,175$5,153,942$169,161,083
91$226,782,561$15,290,190$5,150,150$186,033,250
92$249,732,375$15,857,401$5,140,672$204,614,254
93$275,017,336$16,446,673$5,125,143$225,077,996
94$302,875,449$17,058,905$5,103,180$247,616,103
95$333,568,990$17,695,036$5,074,382$272,439,734
96$367,386,980$18,356,045$5,038,326$299,781,570
97$404,647,914$19,042,953$4,994,572$329,898,011
98$445,702,768$19,756,825$4,942,658$363,071,594
99$490,938,312$20,498,771$4,882,098$399,613,657
100$540,780,757$21,269,949$4,812,386$439,867,277