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%14.1%
1 years$240,305$238,165$236,076$234,038$232,047$228,109
2 years$118,963$116,747$114,600$112,518$110,499$106,543
3 years$78,521$76,296$74,154$72,091$70,105$66,255
4 years$58,304$56,085$53,965$51,938$49,999$46,285
5 years$46,177$43,972$41,879$39,893$38,009$34,441
6 years$38,095$35,906$33,845$31,903$30,075$26,657
7 years$32,324$30,154$28,125$26,229$24,459$21,193
8 years$27,998$25,847$23,852$22,003$20,291$17,175
9 years$24,635$22,505$20,544$18,742$17,088$14,121
10 years$21,946$19,837$17,911$16,156$14,560$11,739
11 years$19,748$17,660$15,768$14,060$12,522$9,844
12 years$17,917$15,850$13,994$12,333$10,851$8,313
13 years$16,369$14,324$12,503$10,888$9,463$7,061
14 years$15,044$13,020$11,234$9,665$8,295$6,025
15 years$13,896$11,894$10,142$8,620$7,303$5,161
16 years$12,892$10,913$9,196$7,718$6,455$4,435
17 years$12,008$10,050$8,368$6,934$5,723$3,822
18 years$11,223$9,287$7,639$6,249$5,089$3,301
19 years$10,521$8,607$6,993$5,647$4,536$2,857
20 years$9,890$7,998$6,418$5,114$4,051$2,477
21 years$9,320$7,450$5,903$4,641$3,626$2,150
22 years$8,803$6,954$5,441$4,220$3,250$1,869
23 years$8,331$6,504$5,023$3,843$2,917$1,626
24 years$7,899$6,094$4,646$3,505$2,622$1,417
25 years$7,502$5,719$4,303$3,201$2,359$1,235
26 years$7,137$5,375$3,991$2,927$2,125$1,077
27 years$6,799$5,058$3,706$2,679$1,916$940
28 years$6,486$4,766$3,445$2,455$1,729$821
29 years$6,195$4,497$3,206$2,251$1,561$717
30 years$5,924$4,246$2,986$2,066$1,411$627
31 years$5,670$4,014$2,784$1,897$1,275$548
32 years$5,433$3,798$2,597$1,744$1,154$479
33 years$5,211$3,597$2,425$1,604$1,044$419
34 years$5,003$3,409$2,266$1,475$945$367
35 years$4,807$3,234$2,119$1,358$856$321
36 years$4,622$3,069$1,982$1,251$776$281
37 years$4,447$2,915$1,855$1,152$703$246
38 years$4,282$2,770$1,737$1,062$637$215
39 years$4,126$2,634$1,627$979$578$189
40 years$3,978$2,506$1,525$903$524$165
41 years$3,838$2,386$1,430$834$476$145
42 years$3,705$2,272$1,342$769$432$127
43 years$3,578$2,165$1,259$710$392$111
44 years$3,457$2,064$1,182$656$356$97
45 years$3,343$1,968$1,110$606$323$85
46 years$3,233$1,877$1,042$559$293$75
47 years$3,128$1,791$979$517$266$65
48 years$3,028$1,710$920$477$242$57
49 years$2,933$1,633$865$441$219$50
50 years$2,841$1,560$813$408$199$44

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 $4,827 every year, while hoping to spend $30,779 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: 63/17/20 Blend
44$2,910,000$2,910,000$2,910,000$2,910,000
45$3,211,799$3,057,569$3,012,464$3,397,361
46$3,506,654$3,174,641$3,080,633$3,640,027
47$3,830,552$3,296,419$3,150,054$3,901,044
48$4,186,425$3,423,099$3,220,737$4,185,397
49$4,577,498$3,554,889$3,292,689$4,495,366
50$5,007,329$3,692,004$3,365,920$4,833,458
51$5,479,834$3,834,671$3,440,437$5,202,437
52$5,999,331$3,983,123$3,516,245$5,605,341
53$6,570,574$4,137,607$3,593,350$6,045,518
54$7,198,801$4,298,379$3,671,757$6,526,650
55$7,889,786$4,465,707$3,751,468$7,052,794
56$8,649,888$4,639,870$3,832,485$7,628,415
57$9,486,113$4,821,160$3,914,810$8,258,430
58$10,406,183$5,009,883$3,998,442$8,948,254
59$11,418,602$5,206,356$4,083,379$9,703,849
60$12,532,745$5,410,913$4,169,617$10,531,780
61$13,758,938$5,623,900$4,257,152$11,439,278
62$15,108,559$5,845,681$4,345,977$12,434,307
63$16,594,148$6,076,635$4,436,083$13,525,637
64$18,229,519$6,317,159$4,527,460$14,722,929
65$20,029,895$6,567,664$4,620,095$16,036,821
66$22,012,050$6,828,586$4,713,974$17,479,034
67$24,194,467$7,100,374$4,809,079$19,062,477
68$26,597,511$7,383,501$4,905,392$20,801,370
69$29,243,625$7,678,460$5,002,891$22,711,376
70$32,157,538$7,985,767$5,101,550$24,809,750
71$35,366,498$8,305,961$5,201,343$27,115,503
72$38,900,532$8,639,604$5,302,239$29,649,572
73$42,792,727$8,987,286$5,404,205$32,435,029
74$47,079,542$9,349,620$5,507,203$35,497,288
75$51,801,155$9,727,251$5,611,194$38,864,347
76$57,001,836$10,120,849$5,716,132$42,567,054
77$62,730,371$10,531,119$5,821,970$46,639,394
78$69,040,518$10,958,793$5,928,656$51,118,810
79$75,991,518$11,404,640$6,036,132$56,046,555
80$83,648,648$11,869,464$6,144,339$61,468,080
81$92,083,845$12,354,102$6,253,209$67,433,464
82$101,376,378$12,859,434$6,362,672$73,997,881
83$111,613,598$13,386,376$6,472,651$81,222,126
84$122,891,765$13,935,888$6,583,064$89,173,181
85$135,316,952$14,508,974$6,693,825$97,924,850
86$149,006,051$15,106,684$6,804,838$107,558,454
87$164,087,872$15,730,114$6,916,003$118,163,596
88$180,704,358$16,380,414$7,027,213$129,839,004
89$199,011,932$17,058,783$7,138,353$142,693,468
90$219,182,963$17,766,478$7,249,303$156,846,855
91$241,407,402$18,504,812$7,359,931$172,431,248
92$265,894,569$19,275,159$7,470,100$189,592,186
93$292,875,130$20,078,957$7,579,664$208,490,040
94$322,603,277$20,917,710$7,688,466$229,301,519
95$355,359,124$21,792,990$7,796,342$252,221,342
96$391,451,352$22,706,444$7,903,117$277,464,073
97$431,220,124$23,659,793$8,008,605$305,266,141
98$475,040,293$24,654,840$8,112,611$335,888,074
99$523,324,945$25,693,469$8,214,925$369,616,954
100$576,529,293$26,777,653$8,315,329$406,769,124