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%15%
1 years$239,479$237,346$235,265$233,234$231,250$226,488
2 years$118,554$116,346$114,206$112,132$110,119$105,343
3 years$78,251$76,033$73,899$71,844$69,864$65,223
4 years$58,103$55,893$53,780$51,759$49,828$45,358
5 years$46,018$43,821$41,735$39,756$37,878$33,592
6 years$37,964$35,783$33,728$31,793$29,972$25,873
7 years$32,213$30,050$28,028$26,139$24,375$20,466
8 years$27,902$25,759$23,770$21,927$20,221$16,500
9 years$24,550$22,428$20,473$18,677$17,029$13,493
10 years$21,871$19,769$17,849$16,100$14,510$11,155
11 years$19,680$17,599$15,714$14,012$12,479$9,302
12 years$17,855$15,796$13,946$12,290$10,814$7,809
13 years$16,313$14,275$12,460$10,850$9,430$6,593
14 years$14,992$12,975$11,195$9,632$8,266$5,592
15 years$13,848$11,853$10,108$8,590$7,278$4,760
16 years$12,848$10,875$9,164$7,691$6,433$4,065
17 years$11,967$10,016$8,339$6,911$5,704$3,480
18 years$11,184$9,255$7,612$6,228$5,071$2,987
19 years$10,485$8,577$6,969$5,627$4,520$2,568
20 years$9,856$7,970$6,396$5,097$4,038$2,211
21 years$9,288$7,424$5,883$4,626$3,613$1,906
22 years$8,772$6,930$5,422$4,206$3,239$1,646
23 years$8,302$6,482$5,006$3,830$2,907$1,422
24 years$7,872$6,073$4,630$3,493$2,613$1,230
25 years$7,477$5,699$4,288$3,190$2,351$1,064
26 years$7,112$5,356$3,977$2,917$2,118$922
27 years$6,776$5,041$3,693$2,670$1,910$799
28 years$6,463$4,750$3,433$2,446$1,723$692
29 years$6,173$4,481$3,195$2,243$1,556$600
30 years$5,903$4,232$2,976$2,059$1,406$521
31 years$5,651$4,001$2,774$1,891$1,271$452
32 years$5,415$3,785$2,588$1,738$1,150$392
33 years$5,193$3,585$2,417$1,598$1,040$341
34 years$4,986$3,398$2,258$1,470$942$296
35 years$4,790$3,223$2,111$1,354$853$257
36 years$4,606$3,059$1,975$1,247$773$223
37 years$4,432$2,905$1,849$1,149$701$194
38 years$4,268$2,761$1,731$1,059$635$169
39 years$4,112$2,625$1,622$976$576$146
40 years$3,965$2,498$1,520$900$522$127
41 years$3,825$2,378$1,425$831$474$111
42 years$3,692$2,264$1,337$767$430$96
43 years$3,566$2,157$1,255$708$390$84
44 years$3,446$2,056$1,178$653$354$73
45 years$3,331$1,961$1,106$603$322$63
46 years$3,222$1,871$1,039$557$292$55
47 years$3,118$1,785$976$515$265$48
48 years$3,018$1,704$917$476$241$42
49 years$2,923$1,628$862$440$219$36
50 years$2,831$1,555$810$406$199$31

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 $2,350 every year, while hoping to spend $38,752 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: 70/13/17 Blend
44$2,900,000$2,900,000$2,900,000$2,900,000
45$3,198,224$3,044,524$2,999,574$3,409,100
46$3,483,211$3,152,474$3,058,828$3,657,714
47$3,795,968$3,264,414$3,118,768$3,924,880
48$4,139,286$3,380,500$3,179,376$4,216,306
49$4,516,241$3,500,893$3,240,633$4,534,385
50$4,930,220$3,625,759$3,302,517$4,881,748
51$5,384,955$3,755,273$3,365,003$5,261,293
52$5,884,555$3,889,616$3,428,066$5,676,212
53$6,433,551$4,028,979$3,491,677$6,130,019
54$7,036,930$4,173,556$3,555,805$6,626,583
55$7,700,189$4,323,552$3,620,417$7,170,168
56$8,429,384$4,479,182$3,685,477$7,765,466
57$9,231,186$4,640,667$3,750,945$8,417,647
58$10,112,945$4,808,237$3,816,779$9,132,407
59$11,082,758$4,982,134$3,882,935$9,916,016
60$12,149,549$5,162,608$3,949,362$10,775,383
61$13,323,148$5,349,920$4,016,011$11,718,118
62$14,614,385$5,544,342$4,082,823$12,752,603
63$16,035,195$5,746,158$4,149,741$13,888,073
64$17,598,728$5,955,663$4,216,700$15,134,700
65$19,319,471$6,173,163$4,283,632$16,503,691
66$21,213,388$6,398,979$4,350,465$18,007,391
67$23,298,071$6,633,446$4,417,122$19,659,402
68$25,592,899$6,876,910$4,483,521$21,474,707
69$28,119,230$7,129,734$4,549,575$23,469,817
70$30,900,597$7,392,296$4,615,190$25,662,918
71$33,962,929$7,664,990$4,680,270$28,074,051
72$37,334,799$7,948,225$4,744,710$30,725,293
73$41,047,690$8,242,430$4,808,400$33,640,971
74$45,136,296$8,548,050$4,871,223$36,847,887
75$49,638,844$8,865,551$4,933,055$40,375,572
76$54,597,459$9,195,416$4,993,766$44,256,565
77$60,058,561$9,538,152$5,053,217$48,526,717
78$66,073,297$9,894,285$5,111,263$53,225,533
79$72,698,033$10,264,364$5,167,750$58,396,538
80$79,994,877$10,648,963$5,222,514$64,087,695
81$88,032,271$11,048,679$5,275,385$70,351,851
82$96,885,634$11,464,136$5,326,182$77,247,237
83$106,638,073$11,895,983$5,374,714$84,838,017
84$117,381,170$12,344,899$5,420,779$93,194,895
85$129,215,841$12,811,591$5,464,168$102,395,779
86$142,253,296$13,296,798$5,504,656$112,526,516
87$156,616,080$13,801,289$5,542,010$123,681,703
88$172,439,236$14,325,868$5,575,983$135,965,578
89$189,871,575$14,871,373$5,606,316$149,493,003
90$209,077,085$15,438,679$5,632,737$164,390,550
91$230,236,473$16,028,700$5,654,959$180,797,692
92$253,548,875$16,642,388$5,672,682$198,868,119
93$279,233,733$17,280,737$5,685,589$218,771,189
94$307,532,866$17,944,786$5,693,349$240,693,526
95$338,712,756$18,635,618$5,695,613$264,840,780
96$373,067,058$19,354,364$5,692,017$291,439,568
97$410,919,375$20,102,205$5,682,177$320,739,610
98$452,626,312$20,880,374$5,665,691$353,016,091
99$498,580,842$21,690,158$5,642,137$388,572,251
100$549,216,012$22,532,900$5,611,074$427,742,250