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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$238,653$236,528$234,454$232,429$230,453$229,289
2 years$118,145$115,945$113,812$111,745$109,739$108,565
3 years$77,981$75,771$73,644$71,596$69,623$68,474
4 years$57,903$55,700$53,594$51,581$49,656$48,541
5 years$45,859$43,669$41,591$39,619$37,748$36,671
6 years$37,833$35,659$33,612$31,684$29,868$28,831
7 years$32,102$29,947$27,932$26,049$24,291$23,293
8 years$27,805$25,670$23,688$21,852$20,152$19,194
9 years$24,466$22,350$20,403$18,613$16,971$16,052
10 years$21,795$19,701$17,788$16,044$14,460$13,580
11 years$19,612$17,538$15,660$13,964$12,436$11,595
12 years$17,794$15,741$13,898$12,248$10,777$9,974
13 years$16,257$14,226$12,417$10,813$9,398$8,631
14 years$14,940$12,931$11,156$9,599$8,238$7,508
15 years$13,800$11,812$10,073$8,560$7,253$6,559
16 years$12,804$10,838$9,132$7,665$6,410$5,750
17 years$11,925$9,981$8,310$6,887$5,684$5,057
18 years$11,146$9,223$7,586$6,206$5,054$4,459
19 years$10,449$8,548$6,945$5,608$4,505$3,941
20 years$9,822$7,943$6,374$5,079$4,024$3,490
21 years$9,256$7,399$5,862$4,610$3,601$3,096
22 years$8,742$6,906$5,403$4,191$3,228$2,751
23 years$8,274$6,459$4,989$3,817$2,897$2,448
24 years$7,845$6,052$4,614$3,481$2,604$2,180
25 years$7,451$5,679$4,273$3,179$2,343$1,944
26 years$7,088$5,338$3,963$2,907$2,111$1,735
27 years$6,752$5,024$3,680$2,661$1,903$1,550
28 years$6,441$4,734$3,421$2,438$1,717$1,385
29 years$6,152$4,466$3,184$2,236$1,551$1,239
30 years$5,883$4,217$2,966$2,052$1,401$1,109
31 years$5,631$3,987$2,765$1,884$1,267$993
32 years$5,396$3,772$2,580$1,732$1,146$889
33 years$5,176$3,572$2,409$1,593$1,037$797
34 years$4,968$3,386$2,250$1,465$939$714
35 years$4,774$3,211$2,104$1,349$850$641
36 years$4,590$3,048$1,968$1,242$770$575
37 years$4,417$2,895$1,842$1,145$698$516
38 years$4,253$2,751$1,725$1,055$633$463
39 years$4,098$2,616$1,616$973$574$415
40 years$3,951$2,489$1,515$897$521$373
41 years$3,812$2,369$1,421$828$472$335
42 years$3,679$2,257$1,332$764$429$301
43 years$3,554$2,150$1,250$705$389$270
44 years$3,434$2,049$1,174$651$353$243
45 years$3,320$1,954$1,102$601$321$218
46 years$3,211$1,864$1,035$555$291$196
47 years$3,107$1,779$972$513$264$176
48 years$3,007$1,698$914$474$240$158
49 years$2,913$1,622$859$438$218$142
50 years$2,822$1,549$808$405$198$128

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 $5,358 every year, while hoping to spend $31,762 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: 40/39/21 Blend
44$2,890,000$2,890,000$2,890,000$2,890,000
45$3,190,307$3,037,137$2,992,342$3,297,883
46$3,481,924$3,152,162$3,058,791$3,490,540
47$3,802,221$3,271,759$3,126,401$3,695,400
48$4,154,090$3,396,118$3,195,178$3,916,381
49$4,540,718$3,525,438$3,265,127$4,154,970
50$4,965,613$3,659,926$3,336,251$4,412,799
51$5,432,642$3,799,799$3,408,552$4,691,661
52$5,946,065$3,945,283$3,482,032$4,993,528
53$6,510,575$4,096,614$3,556,692$5,320,565
54$7,131,343$4,254,037$3,632,530$5,675,150
55$7,814,064$4,417,809$3,709,544$6,059,901
56$8,565,016$4,588,199$3,787,731$6,477,692
57$9,391,113$4,765,486$3,867,086$6,931,686
58$10,299,975$4,949,963$3,947,601$7,425,358
59$11,299,996$5,141,935$4,029,270$7,962,534
60$12,400,426$5,341,721$4,112,081$8,547,417
61$13,611,457$5,549,652$4,196,023$9,184,635
62$14,944,318$5,766,077$4,281,082$9,879,276
63$16,411,382$5,991,359$4,367,242$10,636,939
64$18,026,283$6,225,876$4,454,484$11,463,786
65$19,804,044$6,470,023$4,542,789$12,366,596
66$21,761,217$6,724,215$4,632,134$13,352,830
67$23,916,043$6,988,883$4,722,491$14,430,699
68$26,288,618$7,264,478$4,813,834$15,609,240
69$28,901,091$7,551,471$4,906,131$16,898,402
70$31,777,863$7,850,354$4,999,348$18,309,136
71$34,945,825$8,161,641$5,093,446$19,853,497
72$38,434,608$8,485,870$5,188,385$21,544,758
73$42,276,862$8,823,602$5,284,120$23,397,531
74$46,508,567$9,175,424$5,380,603$25,427,905
75$51,169,369$9,541,947$5,477,782$27,653,596
76$56,302,956$9,923,814$5,575,599$30,094,111
77$61,957,470$10,321,693$5,673,993$32,770,933
78$68,185,960$10,736,284$5,772,900$35,707,717
79$75,046,884$11,168,318$5,872,248$38,930,516
80$82,604,660$11,618,559$5,971,962$42,468,022
81$90,930,273$12,087,807$6,071,961$46,351,834
82$100,101,947$12,576,895$6,172,157$50,616,756
83$110,205,880$13,086,698$6,272,460$55,301,122
84$121,337,061$13,618,127$6,372,768$60,447,154
85$133,600,163$14,172,137$6,472,978$66,101,361
86$147,110,533$14,749,725$6,572,976$72,314,971
87$161,995,281$15,351,935$6,672,643$79,144,416
88$178,394,476$15,979,856$6,771,853$86,651,856
89$196,462,472$16,634,629$6,870,470$94,905,768
90$216,369,365$17,317,446$6,968,352$103,981,588
91$238,302,594$18,029,555$7,065,345$113,962,416
92$262,468,714$18,772,259$7,161,290$124,939,800
93$289,095,345$19,546,922$7,256,015$137,014,597
94$318,433,319$20,354,970$7,349,341$150,297,918
95$350,759,050$21,197,895$7,441,076$164,912,175
96$386,377,139$22,077,258$7,531,018$180,992,231
97$425,623,254$22,994,691$7,618,954$198,686,671
98$468,867,296$23,951,901$7,704,659$218,159,196
99$516,516,890$24,950,674$7,787,895$239,590,168
100$569,021,235$25,992,879$7,868,411$263,178,303