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%17.8%
1 years$239,479$237,346$235,265$233,234$231,250$223,937
2 years$118,554$116,346$114,206$112,132$110,119$102,818
3 years$78,251$76,033$73,899$71,844$69,864$62,803
4 years$58,103$55,893$53,780$51,759$49,828$43,062
5 years$46,018$43,821$41,735$39,756$37,878$31,425
6 years$37,964$35,783$33,728$31,793$29,972$23,837
7 years$32,213$30,050$28,028$26,139$24,375$18,558
8 years$27,902$25,759$23,770$21,927$20,221$14,719
9 years$24,550$22,428$20,473$18,677$17,029$11,834
10 years$21,871$19,769$17,849$16,100$14,510$9,615
11 years$19,680$17,599$15,714$14,012$12,479$7,875
12 years$17,855$15,796$13,946$12,290$10,814$6,491
13 years$16,313$14,275$12,460$10,850$9,430$5,378
14 years$14,992$12,975$11,195$9,632$8,266$4,474
15 years$13,848$11,853$10,108$8,590$7,278$3,735
16 years$12,848$10,875$9,164$7,691$6,433$3,126
17 years$11,967$10,016$8,339$6,911$5,704$2,623
18 years$11,184$9,255$7,612$6,228$5,071$2,204
19 years$10,485$8,577$6,969$5,627$4,520$1,856
20 years$9,856$7,970$6,396$5,097$4,038$1,564
21 years$9,288$7,424$5,883$4,626$3,613$1,320
22 years$8,772$6,930$5,422$4,206$3,239$1,115
23 years$8,302$6,482$5,006$3,830$2,907$943
24 years$7,872$6,073$4,630$3,493$2,613$797
25 years$7,477$5,699$4,288$3,190$2,351$675
26 years$7,112$5,356$3,977$2,917$2,118$571
27 years$6,776$5,041$3,693$2,670$1,910$484
28 years$6,463$4,750$3,433$2,446$1,723$410
29 years$6,173$4,481$3,195$2,243$1,556$348
30 years$5,903$4,232$2,976$2,059$1,406$295
31 years$5,651$4,001$2,774$1,891$1,271$250
32 years$5,415$3,785$2,588$1,738$1,150$212
33 years$5,193$3,585$2,417$1,598$1,040$180
34 years$4,986$3,398$2,258$1,470$942$152
35 years$4,790$3,223$2,111$1,354$853$129
36 years$4,606$3,059$1,975$1,247$773$110
37 years$4,432$2,905$1,849$1,149$701$93
38 years$4,268$2,761$1,731$1,059$635$79
39 years$4,112$2,625$1,622$976$576$67
40 years$3,965$2,498$1,520$900$522$57
41 years$3,825$2,378$1,425$831$474$48
42 years$3,692$2,264$1,337$767$430$41
43 years$3,566$2,157$1,255$708$390$35
44 years$3,446$2,056$1,178$653$354$30
45 years$3,331$1,961$1,106$603$322$25
46 years$3,222$1,871$1,039$557$292$21
47 years$3,118$1,785$976$515$265$18
48 years$3,018$1,704$917$476$241$15
49 years$2,923$1,628$862$440$219$13
50 years$2,831$1,555$810$406$199$11

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 $3,365 every year, while hoping to spend $23,396 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: 81/11/8 Blend
44$2,900,000$2,900,000$2,900,000$2,900,000
45$3,199,271$3,045,571$3,000,621$3,454,938
46$3,500,703$3,169,911$3,076,249$3,747,176
47$3,832,098$3,299,559$3,153,626$4,064,414
48$4,196,486$3,434,751$3,232,786$4,411,892
49$4,597,207$3,575,734$3,313,764$4,792,622
50$5,037,941$3,722,764$3,396,594$5,209,923
51$5,522,742$3,876,110$3,481,311$5,667,446
52$6,056,077$4,036,055$3,567,951$6,169,214
53$6,642,868$4,202,893$3,656,548$6,719,657
54$7,288,538$4,376,932$3,747,139$7,323,656
55$7,999,061$4,558,493$3,839,760$7,986,582
56$8,781,020$4,747,915$3,934,447$8,714,355
57$9,641,670$4,945,549$4,031,237$9,513,493
58$10,589,004$5,151,764$4,130,167$10,391,176
59$11,631,827$5,366,945$4,231,273$11,355,314
60$12,779,846$5,591,497$4,334,592$12,414,618
61$14,043,751$5,825,842$4,440,163$13,578,685
62$15,435,327$6,070,421$4,548,021$14,858,086
63$16,967,555$6,325,697$4,658,204$16,264,466
64$18,654,742$6,592,152$4,770,751$17,810,655
65$20,512,651$6,870,294$4,885,697$19,510,785
66$22,558,654$7,160,650$5,003,080$21,380,426
67$24,811,891$7,463,777$5,122,937$23,436,730
68$27,293,454$7,780,252$5,245,306$25,698,595
69$30,026,585$8,110,683$5,370,223$28,186,840
70$33,036,896$8,455,705$5,497,724$30,924,402
71$36,352,607$8,815,983$5,627,846$33,936,553
72$40,004,819$9,192,212$5,760,624$37,251,136
73$44,027,800$9,585,119$5,896,094$40,898,826
74$48,459,313$9,995,468$6,034,291$44,913,424
75$53,340,972$10,424,055$6,175,249$49,332,169
76$58,718,632$10,871,715$6,319,001$54,196,092
77$64,642,826$11,339,322$6,465,581$59,550,402
78$71,169,236$11,827,791$6,615,020$65,444,913
79$78,359,225$12,338,080$6,767,350$71,934,510
80$86,280,411$12,871,191$6,922,601$79,079,668
81$95,007,307$13,428,173$7,080,802$86,947,024
82$104,622,025$14,010,126$7,241,981$95,610,002
83$115,215,048$14,618,199$7,406,165$105,149,504
84$126,886,090$15,253,598$7,573,379$115,654,678
85$139,745,031$15,917,583$7,743,646$127,223,751
86$153,912,954$16,611,475$7,916,988$139,964,961
87$169,523,295$17,336,657$8,093,427$153,997,576
88$186,723,094$18,094,575$8,272,979$169,453,016
89$205,674,387$18,886,748$8,455,662$186,476,094
90$226,555,737$19,714,761$8,641,489$205,226,383
91$249,563,915$20,580,277$8,830,472$225,879,719
92$274,915,762$21,485,038$9,022,620$248,629,858
93$302,850,231$22,430,866$9,217,940$273,690,309
94$333,630,648$23,419,672$9,416,434$301,296,339
95$367,547,192$24,453,454$9,618,102$331,707,202
96$404,919,640$25,534,307$9,822,943$365,208,577
97$446,100,380$26,664,426$10,030,949$402,115,268
98$491,477,743$27,846,106$10,242,109$442,774,167
99$541,479,663$29,081,755$10,456,410$487,567,538
100$596,577,721$30,373,894$10,673,832$536,916,611