Can I retire at age 45 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$240,305$238,165$236,076$234,038$232,047$229,720
2 years$118,963$116,747$114,600$112,518$110,499$108,154
3 years$78,521$76,296$74,154$72,091$70,105$67,816
4 years$58,304$56,085$53,965$51,938$49,999$47,785
5 years$46,177$43,972$41,879$39,893$38,009$35,874
6 years$38,095$35,906$33,845$31,903$30,075$28,023
7 years$32,324$30,154$28,125$26,229$24,459$22,491
8 years$27,998$25,847$23,852$22,003$20,291$18,406
9 years$24,635$22,505$20,544$18,742$17,088$15,286
10 years$21,946$19,837$17,911$16,156$14,560$12,839
11 years$19,748$17,660$15,768$14,060$12,522$10,882
12 years$17,917$15,850$13,994$12,333$10,851$9,290
13 years$16,369$14,324$12,503$10,888$9,463$7,978
14 years$15,044$13,020$11,234$9,665$8,295$6,885
15 years$13,896$11,894$10,142$8,620$7,303$5,966
16 years$12,892$10,913$9,196$7,718$6,455$5,188
17 years$12,008$10,050$8,368$6,934$5,723$4,525
18 years$11,223$9,287$7,639$6,249$5,089$3,956
19 years$10,521$8,607$6,993$5,647$4,536$3,467
20 years$9,890$7,998$6,418$5,114$4,051$3,044
21 years$9,320$7,450$5,903$4,641$3,626$2,676
22 years$8,803$6,954$5,441$4,220$3,250$2,357
23 years$8,331$6,504$5,023$3,843$2,917$2,078
24 years$7,899$6,094$4,646$3,505$2,622$1,834
25 years$7,502$5,719$4,303$3,201$2,359$1,620
26 years$7,137$5,375$3,991$2,927$2,125$1,432
27 years$6,799$5,058$3,706$2,679$1,916$1,267
28 years$6,486$4,766$3,445$2,455$1,729$1,122
29 years$6,195$4,497$3,206$2,251$1,561$994
30 years$5,924$4,246$2,986$2,066$1,411$881
31 years$5,670$4,014$2,784$1,897$1,275$781
32 years$5,433$3,798$2,597$1,744$1,154$693
33 years$5,211$3,597$2,425$1,604$1,044$615
34 years$5,003$3,409$2,266$1,475$945$546
35 years$4,807$3,234$2,119$1,358$856$484
36 years$4,622$3,069$1,982$1,251$776$430
37 years$4,447$2,915$1,855$1,152$703$382
38 years$4,282$2,770$1,737$1,062$637$339
39 years$4,126$2,634$1,627$979$578$302
40 years$3,978$2,506$1,525$903$524$268
41 years$3,838$2,386$1,430$834$476$238
42 years$3,705$2,272$1,342$769$432$212
43 years$3,578$2,165$1,259$710$392$188
44 years$3,457$2,064$1,182$656$356$167
45 years$3,343$1,968$1,110$606$323$149
46 years$3,233$1,877$1,042$559$293$132
47 years$3,128$1,791$979$517$266$118
48 years$3,028$1,710$920$477$242$105
49 years$2,933$1,633$865$441$219$93
50 years$2,841$1,560$813$408$199$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,910,000, adding $5,481 every year, while hoping to spend $36,150 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: 52/24/24 Blend
44$2,910,000$2,910,000$2,910,000$2,910,000
45$3,212,474$3,058,244$3,013,139$3,357,786
46$3,501,683$3,169,634$3,075,615$3,570,269
47$3,819,179$3,285,271$3,138,974$3,797,123
48$4,167,811$3,405,325$3,203,205$4,043,151
49$4,550,714$3,529,972$3,268,298$4,310,190
50$4,971,343$3,659,397$3,334,243$4,600,266
51$5,433,505$3,793,793$3,401,025$4,915,603
52$5,941,393$3,933,358$3,468,629$5,258,651
53$6,499,625$4,078,304$3,537,039$5,632,107
54$7,113,292$4,228,846$3,606,235$6,038,936
55$7,788,001$4,385,212$3,676,196$6,482,404
56$8,529,927$4,547,638$3,746,899$6,966,104
57$9,345,879$4,716,371$3,818,319$7,493,992
58$10,243,353$4,891,667$3,890,427$8,070,423
59$11,230,611$5,073,796$3,963,193$8,700,191
60$12,316,757$5,263,035$4,036,583$9,388,575
61$13,511,819$5,459,676$4,110,562$10,141,386
62$14,826,848$5,664,024$4,185,089$10,965,023
63$16,274,020$5,876,395$4,260,123$11,866,533
64$17,866,751$6,097,119$4,335,618$12,853,677
65$19,619,823$6,326,542$4,411,525$13,934,999
66$21,549,524$6,565,021$4,487,791$15,119,910
67$23,673,802$6,812,934$4,564,358$16,418,777
68$26,012,433$7,070,670$4,641,167$17,843,014
69$28,587,207$7,338,639$4,718,151$19,405,196
70$31,422,135$7,617,265$4,795,242$21,119,172
71$34,543,675$7,906,993$4,872,365$23,000,197
72$37,980,981$8,208,288$4,949,441$25,065,074
73$41,766,179$8,521,632$5,026,385$27,332,315
74$45,934,669$8,847,531$5,103,108$29,822,308
75$50,525,456$9,186,511$5,179,514$32,557,517
76$55,581,526$9,539,124$5,255,501$35,562,686
77$61,150,243$9,905,942$5,330,961$38,865,074
78$67,283,800$10,287,565$5,405,781$42,494,714
79$74,039,711$10,684,620$5,479,838$46,484,691
80$81,481,354$11,097,758$5,553,005$50,871,456
81$89,678,566$11,527,662$5,625,144$55,695,166
82$98,708,306$11,975,044$5,696,113$61,000,066
83$108,655,380$12,440,648$5,765,760$66,834,902
84$119,613,238$12,925,249$5,833,922$73,253,381
85$131,684,860$13,429,658$5,900,430$80,314,677
86$144,983,727$13,954,722$5,965,106$88,083,987
87$159,634,889$14,501,325$6,027,758$96,633,148
88$175,776,148$15,070,391$6,088,189$106,041,307
89$193,559,359$15,662,884$6,146,187$116,395,674
90$213,151,859$16,279,811$6,201,530$127,792,340
91$234,738,052$16,922,225$6,253,984$140,337,183
92$258,521,145$17,591,225$6,303,304$154,146,863
93$284,725,067$18,287,961$6,349,230$169,349,928
94$313,596,584$19,013,631$6,391,490$186,088,019
95$345,407,628$19,769,491$6,429,797$204,517,207
96$380,457,860$20,556,850$6,463,849$224,809,467
97$419,077,503$21,377,077$6,493,329$247,154,296
98$461,630,457$22,231,603$6,517,905$271,760,501
99$508,517,735$23,121,923$6,537,226$298,858,169
100$560,181,245$24,049,598$6,550,925$328,700,833