Can I retire at age 45 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$239,479$237,346$235,265$233,234$231,250$227,232
2 years$118,554$116,346$114,206$112,132$110,119$106,084
3 years$78,251$76,033$73,899$71,844$69,864$65,938
4 years$58,103$55,893$53,780$51,759$49,828$46,040
5 years$46,018$43,821$41,735$39,756$37,878$34,240
6 years$37,964$35,783$33,728$31,793$29,972$26,488
7 years$32,213$30,050$28,028$26,139$24,375$21,046
8 years$27,902$25,759$23,770$21,927$20,221$17,047
9 years$24,550$22,428$20,473$18,677$17,029$14,007
10 years$21,871$19,769$17,849$16,100$14,510$11,637
11 years$19,680$17,599$15,714$14,012$12,479$9,753
12 years$17,855$15,796$13,946$12,290$10,814$8,231
13 years$16,313$14,275$12,460$10,850$9,430$6,986
14 years$14,992$12,975$11,195$9,632$8,266$5,957
15 years$13,848$11,853$10,108$8,590$7,278$5,099
16 years$12,848$10,875$9,164$7,691$6,433$4,379
17 years$11,967$10,016$8,339$6,911$5,704$3,771
18 years$11,184$9,255$7,612$6,228$5,071$3,255
19 years$10,485$8,577$6,969$5,627$4,520$2,815
20 years$9,856$7,970$6,396$5,097$4,038$2,438
21 years$9,288$7,424$5,883$4,626$3,613$2,115
22 years$8,772$6,930$5,422$4,206$3,239$1,837
23 years$8,302$6,482$5,006$3,830$2,907$1,597
24 years$7,872$6,073$4,630$3,493$2,613$1,390
25 years$7,477$5,699$4,288$3,190$2,351$1,211
26 years$7,112$5,356$3,977$2,917$2,118$1,055
27 years$6,776$5,041$3,693$2,670$1,910$920
28 years$6,463$4,750$3,433$2,446$1,723$803
29 years$6,173$4,481$3,195$2,243$1,556$701
30 years$5,903$4,232$2,976$2,059$1,406$612
31 years$5,651$4,001$2,774$1,891$1,271$535
32 years$5,415$3,785$2,588$1,738$1,150$467
33 years$5,193$3,585$2,417$1,598$1,040$409
34 years$4,986$3,398$2,258$1,470$942$357
35 years$4,790$3,223$2,111$1,354$853$312
36 years$4,606$3,059$1,975$1,247$773$273
37 years$4,432$2,905$1,849$1,149$701$239
38 years$4,268$2,761$1,731$1,059$635$209
39 years$4,112$2,625$1,622$976$576$183
40 years$3,965$2,498$1,520$900$522$160
41 years$3,825$2,378$1,425$831$474$140
42 years$3,692$2,264$1,337$767$430$123
43 years$3,566$2,157$1,255$708$390$107
44 years$3,446$2,056$1,178$653$354$94
45 years$3,331$1,961$1,106$603$322$82
46 years$3,222$1,871$1,039$557$292$72
47 years$3,118$1,785$976$515$265$63
48 years$3,018$1,704$917$476$241$55
49 years$2,923$1,628$862$440$219$48
50 years$2,831$1,555$810$406$199$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,900,000, adding $3,002 every year, while hoping to spend $41,398 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: 32/46/22 Blend
44$2,900,000$2,900,000$2,900,000$2,900,000
45$3,198,897$3,045,197$3,000,247$3,279,460
46$3,481,137$3,150,364$3,056,708$3,445,524
47$3,790,778$3,259,297$3,113,673$3,620,319
48$4,130,572$3,372,137$3,171,115$3,807,744
49$4,503,548$3,489,030$3,229,005$4,008,930
50$4,913,045$3,610,127$3,287,312$4,225,122
51$5,362,740$3,735,588$3,346,001$4,457,685
52$5,856,684$3,865,576$3,405,037$4,708,118
53$6,399,338$4,000,262$3,464,378$4,978,068
54$6,995,620$4,139,824$3,523,984$5,269,345
55$7,650,944$4,284,446$3,583,808$5,583,938
56$8,371,276$4,434,320$3,643,802$5,924,032
57$9,163,191$4,589,646$3,703,914$6,292,030
58$10,033,930$4,750,632$3,764,088$6,690,573
59$10,991,470$4,917,493$3,824,265$7,122,566
60$12,044,604$5,090,454$3,884,381$7,591,202
61$13,203,015$5,269,747$3,944,370$8,099,994
62$14,477,375$5,455,617$4,004,158$8,652,806
63$15,879,440$5,648,316$4,063,671$9,253,889
64$17,422,165$5,848,106$4,122,826$9,907,919
65$19,119,824$6,055,260$4,181,539$10,620,043
66$20,988,143$6,270,065$4,239,717$11,395,923
67$23,044,450$6,492,814$4,297,264$12,241,791
68$25,307,839$6,723,818$4,354,077$13,164,505
69$27,799,349$6,963,395$4,410,049$14,171,614
70$30,542,161$7,211,880$4,465,064$15,271,430
71$33,561,819$7,469,620$4,519,002$16,473,098
72$36,886,470$7,736,977$4,571,734$17,786,692
73$40,547,128$8,014,326$4,623,125$19,223,297
74$44,577,967$8,302,060$4,673,032$20,795,123
75$49,016,645$8,600,587$4,721,304$22,515,612
76$53,904,658$8,910,331$4,767,782$24,399,566
77$59,287,730$9,231,734$4,812,300$26,463,285
78$65,216,247$9,565,257$4,854,680$28,724,718
79$71,745,729$9,911,379$4,894,737$31,203,634
80$78,937,357$10,270,601$4,932,274$33,921,805
81$86,858,548$10,643,441$4,967,086$36,903,209
82$95,583,593$11,030,442$4,998,957$40,174,255
83$105,194,354$11,432,169$5,027,657$43,764,034
84$115,781,043$11,849,210$5,052,947$47,704,586
85$127,443,064$12,282,176$5,074,576$52,031,205
86$140,289,961$12,731,707$5,092,279$56,782,768
87$154,442,444$13,198,468$5,105,778$62,002,099
88$170,033,533$13,683,152$5,114,780$67,736,376
89$187,209,807$14,186,481$5,118,980$74,037,568
90$206,132,797$14,709,208$5,118,055$80,962,927
91$226,980,501$15,252,117$5,111,668$88,575,524
92$249,949,068$15,816,027$5,099,465$96,944,845
93$275,254,651$16,401,791$5,081,075$106,147,440
94$303,135,443$17,010,296$5,056,109$116,267,647
95$333,853,927$17,642,469$5,024,158$127,398,382
96$367,699,355$18,299,278$4,984,794$139,642,017
97$404,990,475$18,981,728$4,937,570$153,111,339
98$446,078,541$19,690,870$4,882,017$167,930,615
99$491,350,630$20,427,801$4,817,642$184,236,761
100$541,233,292$21,193,661$4,743,931$202,180,631