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

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$239,479$237,346$235,265$233,234$231,250$228,740
2 years$118,554$116,346$114,206$112,132$110,119$107,592
3 years$78,251$76,033$73,899$71,844$69,864$67,398
4 years$58,103$55,893$53,780$51,759$49,828$47,442
5 years$46,018$43,821$41,735$39,756$37,878$35,579
6 years$37,964$35,783$33,728$31,793$29,972$27,763
7 years$32,213$30,050$28,028$26,139$24,375$22,257
8 years$27,902$25,759$23,770$21,927$20,221$18,194
9 years$24,550$22,428$20,473$18,677$17,029$15,092
10 years$21,871$19,769$17,849$16,100$14,510$12,661
11 years$19,680$17,599$15,714$14,012$12,479$10,718
12 years$17,855$15,796$13,946$12,290$10,814$9,138
13 years$16,313$14,275$12,460$10,850$9,430$7,838
14 years$14,992$12,975$11,195$9,632$8,266$6,755
15 years$13,848$11,853$10,108$8,590$7,278$5,846
16 years$12,848$10,875$9,164$7,691$6,433$5,076
17 years$11,967$10,016$8,339$6,911$5,704$4,421
18 years$11,184$9,255$7,612$6,228$5,071$3,860
19 years$10,485$8,577$6,969$5,627$4,520$3,378
20 years$9,856$7,970$6,396$5,097$4,038$2,961
21 years$9,288$7,424$5,883$4,626$3,613$2,600
22 years$8,772$6,930$5,422$4,206$3,239$2,286
23 years$8,302$6,482$5,006$3,830$2,907$2,012
24 years$7,872$6,073$4,630$3,493$2,613$1,773
25 years$7,477$5,699$4,288$3,190$2,351$1,564
26 years$7,112$5,356$3,977$2,917$2,118$1,380
27 years$6,776$5,041$3,693$2,670$1,910$1,219
28 years$6,463$4,750$3,433$2,446$1,723$1,078
29 years$6,173$4,481$3,195$2,243$1,556$953
30 years$5,903$4,232$2,976$2,059$1,406$844
31 years$5,651$4,001$2,774$1,891$1,271$747
32 years$5,415$3,785$2,588$1,738$1,150$661
33 years$5,193$3,585$2,417$1,598$1,040$586
34 years$4,986$3,398$2,258$1,470$942$519
35 years$4,790$3,223$2,111$1,354$853$460
36 years$4,606$3,059$1,975$1,247$773$408
37 years$4,432$2,905$1,849$1,149$701$362
38 years$4,268$2,761$1,731$1,059$635$321
39 years$4,112$2,625$1,622$976$576$284
40 years$3,965$2,498$1,520$900$522$252
41 years$3,825$2,378$1,425$831$474$224
42 years$3,692$2,264$1,337$767$430$199
43 years$3,566$2,157$1,255$708$390$176
44 years$3,446$2,056$1,178$653$354$156
45 years$3,331$1,961$1,106$603$322$139
46 years$3,222$1,871$1,039$557$292$123
47 years$3,118$1,785$976$515$265$109
48 years$3,018$1,704$917$476$241$97
49 years$2,923$1,628$862$440$219$86
50 years$2,831$1,555$810$406$199$77

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 $6,318 every year, while hoping to spend $45,814 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: 57/30/13 Blend
44$2,900,000$2,900,000$2,900,000$2,900,000
45$3,202,317$3,048,617$3,003,667$3,373,958
46$3,480,208$3,149,254$3,055,544$3,591,418
47$3,784,908$3,253,286$3,107,624$3,822,667
48$4,119,103$3,360,832$3,159,864$4,073,574
49$4,485,753$3,472,014$3,212,221$4,346,031
50$4,888,115$3,586,958$3,264,646$4,642,118
51$5,329,781$3,705,797$3,317,089$4,964,124
52$5,814,703$3,828,665$3,369,496$5,314,570
53$6,347,238$3,955,705$3,421,809$5,696,227
54$6,932,183$4,087,062$3,473,967$6,112,147
55$7,574,825$4,222,887$3,525,905$6,565,691
56$8,280,987$4,363,338$3,577,552$7,060,555
57$9,057,084$4,508,577$3,628,836$7,600,811
58$9,910,182$4,658,774$3,679,677$8,190,940
59$10,848,069$4,814,102$3,729,995$8,835,879
60$11,879,322$4,974,743$3,779,700$9,541,059
61$13,013,392$5,140,885$3,828,699$10,312,465
62$14,260,693$5,312,723$3,876,895$11,156,686
63$15,632,696$5,490,459$3,924,184$12,080,978
64$17,142,042$5,674,303$3,970,455$13,093,332
65$18,802,658$5,864,471$4,015,593$14,202,549
66$20,629,889$6,061,190$4,059,475$15,418,323
67$22,640,642$6,264,693$4,101,972$16,751,330
68$24,853,547$6,475,222$4,142,948$18,213,330
69$27,289,131$6,693,029$4,182,258$19,817,277
70$29,970,010$6,918,376$4,219,752$21,577,441
71$32,921,107$7,151,532$4,255,269$23,509,538
72$36,169,881$7,392,779$4,288,642$25,630,885
73$39,746,592$7,642,407$4,319,694$27,960,556
74$43,684,579$7,900,720$4,348,239$30,519,563
75$48,020,582$8,168,031$4,374,081$33,331,057
76$52,795,083$8,444,666$4,397,014$36,420,542
77$58,052,689$8,730,963$4,416,822$39,816,114
78$63,842,555$9,027,272$4,433,277$43,548,730
79$70,218,846$9,333,958$4,446,142$47,652,495
80$77,241,244$9,651,398$4,455,164$52,164,985
81$84,975,520$9,979,986$4,460,081$57,127,601
82$93,494,146$10,320,128$4,460,616$62,585,956
83$102,876,982$10,672,247$4,456,480$68,590,308
84$113,212,029$11,036,783$4,447,367$75,196,034
85$124,596,262$11,414,191$4,432,960$82,464,145
86$137,136,540$11,804,945$4,412,923$90,461,871
87$150,950,616$12,209,537$4,386,905$99,263,284
88$166,168,253$12,628,478$4,354,540$108,950,006
89$182,932,439$13,062,298$4,315,442$119,611,968
90$201,400,746$13,511,548$4,269,207$131,348,267
91$221,746,810$13,976,802$4,215,414$144,268,096
92$244,161,973$14,458,654$4,153,618$158,491,771
93$268,857,087$14,957,721$4,083,358$174,151,870
94$296,064,507$15,474,646$4,004,147$191,394,482
95$326,040,280$16,010,097$3,915,479$210,380,582
96$359,066,563$16,564,766$3,816,822$231,287,553
97$395,454,287$17,139,374$3,707,620$254,310,855
98$435,546,092$17,734,671$3,587,293$279,665,870
99$479,719,558$18,351,435$3,455,232$307,589,938
100$528,390,772$18,990,474$3,310,802$338,344,589