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

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$240,305$238,165$236,076$234,038$232,047$226,991
2 years$118,963$116,747$114,600$112,518$110,499$105,430
3 years$78,521$76,296$74,154$72,091$70,105$65,182
4 years$58,304$56,085$53,965$51,938$49,999$45,261
5 years$46,177$43,972$41,879$39,893$38,009$33,467
6 years$38,095$35,906$33,845$31,903$30,075$25,735
7 years$32,324$30,154$28,125$26,229$24,459$20,322
8 years$27,998$25,847$23,852$22,003$20,291$16,355
9 years$24,635$22,505$20,544$18,742$17,088$13,351
10 years$21,946$19,837$17,911$16,156$14,560$11,017
11 years$19,748$17,660$15,768$14,060$12,522$9,169
12 years$17,917$15,850$13,994$12,333$10,851$7,683
13 years$16,369$14,324$12,503$10,888$9,463$6,474
14 years$15,044$13,020$11,234$9,665$8,295$5,479
15 years$13,896$11,894$10,142$8,620$7,303$4,655
16 years$12,892$10,913$9,196$7,718$6,455$3,966
17 years$12,008$10,050$8,368$6,934$5,723$3,389
18 years$11,223$9,287$7,639$6,249$5,089$2,901
19 years$10,521$8,607$6,993$5,647$4,536$2,489
20 years$9,890$7,998$6,418$5,114$4,051$2,138
21 years$9,320$7,450$5,903$4,641$3,626$1,839
22 years$8,803$6,954$5,441$4,220$3,250$1,584
23 years$8,331$6,504$5,023$3,843$2,917$1,366
24 years$7,899$6,094$4,646$3,505$2,622$1,178
25 years$7,502$5,719$4,303$3,201$2,359$1,017
26 years$7,137$5,375$3,991$2,927$2,125$879
27 years$6,799$5,058$3,706$2,679$1,916$760
28 years$6,486$4,766$3,445$2,455$1,729$657
29 years$6,195$4,497$3,206$2,251$1,561$568
30 years$5,924$4,246$2,986$2,066$1,411$492
31 years$5,670$4,014$2,784$1,897$1,275$426
32 years$5,433$3,798$2,597$1,744$1,154$369
33 years$5,211$3,597$2,425$1,604$1,044$319
34 years$5,003$3,409$2,266$1,475$945$277
35 years$4,807$3,234$2,119$1,358$856$240
36 years$4,622$3,069$1,982$1,251$776$208
37 years$4,447$2,915$1,855$1,152$703$180
38 years$4,282$2,770$1,737$1,062$637$156
39 years$4,126$2,634$1,627$979$578$135
40 years$3,978$2,506$1,525$903$524$117
41 years$3,838$2,386$1,430$834$476$102
42 years$3,705$2,272$1,342$769$432$88
43 years$3,578$2,165$1,259$710$392$76
44 years$3,457$2,064$1,182$656$356$66
45 years$3,343$1,968$1,110$606$323$57
46 years$3,233$1,877$1,042$559$293$50
47 years$3,128$1,791$979$517$266$43
48 years$3,028$1,710$920$477$242$37
49 years$2,933$1,633$865$441$219$32
50 years$2,841$1,560$813$408$199$28

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 $6,700 every year, while hoping to spend $34,013 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: 44/32/24 Blend
44$2,910,000$2,910,000$2,910,000$2,910,000
45$3,213,731$3,059,501$3,014,396$3,332,504
46$3,505,342$3,173,227$3,079,189$3,531,104
47$3,825,557$3,291,386$3,145,012$3,742,438
48$4,177,259$3,414,158$3,211,865$3,970,846
49$4,563,621$3,541,733$3,279,744$4,217,930
50$4,988,141$3,674,309$3,348,646$4,485,450
51$5,454,671$3,812,090$3,418,565$4,775,343
52$5,967,456$3,955,291$3,489,496$5,089,737
53$6,531,173$4,104,136$3,561,430$5,430,973
54$7,150,971$4,258,858$3,634,357$5,801,624
55$7,832,529$4,419,701$3,708,266$6,204,522
56$8,582,098$4,586,917$3,783,144$6,642,781
57$9,406,569$4,760,773$3,858,977$7,119,826
58$10,313,532$4,941,544$3,935,746$7,639,427
59$11,311,352$5,129,519$4,013,433$8,205,733
60$12,409,243$5,324,999$4,092,016$8,823,306
61$13,617,360$5,528,298$4,171,472$9,497,169
62$14,946,889$5,739,743$4,251,775$10,232,852
63$16,410,157$5,959,676$4,332,895$11,036,438
64$18,020,748$6,188,454$4,414,801$11,914,627
65$19,793,626$6,426,451$4,497,460$12,874,790
66$21,745,284$6,674,054$4,580,832$13,925,045
67$23,893,890$6,931,671$4,664,877$15,074,330
68$26,259,468$7,199,724$4,749,552$16,332,484
69$28,864,079$7,478,656$4,834,807$17,710,342
70$31,732,035$7,768,929$4,920,593$19,219,833
71$34,890,122$8,071,026$5,006,852$20,874,095
72$38,367,859$8,385,451$5,093,526$22,687,594
73$42,197,771$8,712,729$5,180,550$24,676,263
74$46,415,701$9,053,410$5,267,856$26,857,649
75$51,061,144$9,408,068$5,355,370$29,251,076
76$56,177,619$9,777,302$5,443,013$31,877,828
77$61,813,084$10,161,738$5,530,702$34,761,349
78$68,020,385$10,562,029$5,618,347$37,927,459
79$74,857,755$10,978,860$5,705,853$41,404,600
80$82,389,365$11,412,943$5,793,118$45,224,103
81$90,685,927$11,865,023$5,880,034$49,420,477
82$99,825,362$12,335,881$5,966,486$54,031,739
83$109,893,539$12,826,328$6,052,353$59,099,768
84$120,985,078$13,337,216$6,137,505$64,670,695
85$133,204,249$13,869,434$6,221,805$70,795,346
86$146,665,955$14,423,908$6,305,108$77,529,709
87$161,496,814$15,001,611$6,387,260$84,935,466
88$177,836,354$15,603,555$6,468,098$93,080,573
89$195,838,334$16,230,801$6,547,451$102,039,897
90$215,672,190$16,884,456$6,625,137$111,895,922
91$237,524,637$17,565,678$6,700,962$122,739,523
92$261,601,431$18,275,677$6,774,725$134,670,823
93$288,129,310$19,015,719$6,846,212$147,800,136
94$317,358,136$19,787,125$6,915,196$162,249,001
95$349,563,250$20,591,279$6,981,440$178,151,333
96$385,048,076$21,429,625$7,044,692$195,654,678
97$424,146,979$22,303,676$7,104,689$214,921,606
98$467,228,426$23,215,012$7,161,151$236,131,240
99$514,698,462$24,165,284$7,213,787$259,480,947
100$567,004,543$25,156,221$7,262,286$285,188,191