Can I retire at age 45 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$241,131$238,983$236,887$234,842$232,845$226,940
2 years$119,372$117,149$114,994$112,905$110,879$104,967
3 years$78,791$76,558$74,409$72,339$70,346$64,614
4 years$58,504$56,278$54,150$52,116$50,171$44,662
5 years$46,335$44,123$42,023$40,030$38,139$32,869
6 years$38,225$36,030$33,961$32,013$30,178$25,152
7 years$32,435$30,258$28,222$26,319$24,543$19,760
8 years$28,094$25,936$23,934$22,079$20,361$15,820
9 years$24,720$22,582$20,614$18,806$17,147$12,844
10 years$22,022$19,905$17,972$16,211$14,610$10,540
11 years$19,816$17,720$15,822$14,108$12,565$8,722
12 years$17,979$15,905$14,042$12,375$10,889$7,266
13 years$16,425$14,373$12,546$10,925$9,495$6,085
14 years$15,095$13,065$11,272$9,698$8,323$5,119
15 years$13,944$11,935$10,177$8,649$7,329$4,321
16 years$12,937$10,950$9,227$7,744$6,477$3,659
17 years$12,049$10,085$8,396$6,958$5,743$3,106
18 years$11,261$9,319$7,665$6,271$5,106$2,641
19 years$10,557$8,637$7,017$5,666$4,551$2,251
20 years$9,924$8,025$6,440$5,132$4,065$1,921
21 years$9,352$7,475$5,923$4,657$3,638$1,641
22 years$8,833$6,978$5,459$4,235$3,261$1,403
23 years$8,360$6,526$5,041$3,857$2,927$1,201
24 years$7,926$6,115$4,662$3,517$2,631$1,029
25 years$7,528$5,738$4,318$3,212$2,368$882
26 years$7,161$5,393$4,004$2,937$2,133$757
27 years$6,822$5,076$3,718$2,688$1,923$649
28 years$6,508$4,783$3,457$2,463$1,735$557
29 years$6,216$4,512$3,217$2,259$1,567$479
30 years$5,944$4,261$2,996$2,073$1,416$411
31 years$5,690$4,028$2,793$1,904$1,280$353
32 years$5,452$3,811$2,606$1,750$1,158$304
33 years$5,229$3,609$2,434$1,609$1,048$261
34 years$5,020$3,421$2,274$1,480$949$224
35 years$4,823$3,245$2,126$1,363$859$193
36 years$4,638$3,080$1,989$1,255$778$166
37 years$4,463$2,925$1,861$1,156$706$143
38 years$4,297$2,780$1,743$1,066$640$123
39 years$4,140$2,643$1,633$983$580$106
40 years$3,992$2,515$1,531$907$526$91
41 years$3,851$2,394$1,435$836$477$78
42 years$3,718$2,280$1,346$772$433$67
43 years$3,590$2,172$1,263$713$393$58
44 years$3,469$2,071$1,186$658$357$50
45 years$3,354$1,975$1,113$608$324$43
46 years$3,244$1,884$1,046$561$294$37
47 years$3,139$1,798$983$519$267$32
48 years$3,039$1,716$923$479$243$27
49 years$2,943$1,639$868$443$220$23
50 years$2,851$1,565$816$409$200$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,920,000, adding $4,447 every year, while hoping to spend $24,825 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: 67/13/20 Blend
44$2,920,000$2,920,000$2,920,000$2,920,000
45$3,222,427$3,067,667$3,022,407$3,421,943
46$3,524,701$3,191,569$3,097,244$3,680,013
47$3,856,975$3,320,710$3,173,756$3,958,838
48$4,222,282$3,455,321$3,251,973$4,263,153
49$4,623,966$3,595,643$3,331,925$4,595,466
50$5,065,708$3,741,927$3,413,642$4,958,536
51$5,551,566$3,894,437$3,497,155$5,355,401
52$6,086,010$4,053,449$3,582,494$5,789,405
53$6,673,965$4,219,250$3,669,689$6,264,231
54$7,320,858$4,392,141$3,758,772$6,783,933
55$8,032,667$4,572,438$3,849,773$7,352,974
56$8,815,982$4,760,470$3,942,722$7,976,270
57$9,678,059$4,956,580$4,037,651$8,659,234
58$10,626,898$5,161,130$4,134,589$9,407,827
59$11,671,312$5,374,495$4,233,568$10,228,613
60$12,821,010$5,597,070$4,334,617$11,128,822
61$14,086,694$5,829,267$4,437,767$12,116,417
62$15,480,152$6,071,516$4,543,048$13,200,168
63$17,014,376$6,324,269$4,650,489$14,389,734
64$18,703,681$6,587,997$4,760,119$15,695,756
65$20,563,842$6,863,194$4,871,968$17,129,953
66$22,612,239$7,150,376$4,986,064$18,705,235
67$24,868,026$7,450,083$5,102,436$20,435,824
68$27,352,306$7,762,879$5,221,110$22,337,383
69$30,088,338$8,089,356$5,342,113$24,427,172
70$33,101,746$8,430,133$5,465,472$26,724,200
71$36,420,771$8,785,856$5,591,212$29,249,412
72$40,076,530$9,157,203$5,719,357$32,025,880
73$44,103,313$9,544,882$5,849,932$35,079,024
74$48,538,905$9,949,636$5,982,959$38,436,849
75$53,424,944$10,372,239$6,118,460$42,130,207
76$58,807,315$10,813,505$6,256,455$46,193,092
77$64,736,578$11,274,284$6,396,962$50,662,955
78$71,268,449$11,755,464$6,540,001$55,581,059
79$78,464,327$12,257,978$6,685,587$60,992,866
80$86,391,868$12,782,799$6,833,734$66,948,468
81$95,125,631$13,330,948$6,984,457$73,503,054
82$104,747,774$13,903,493$7,137,764$80,717,434
83$115,348,834$14,501,552$7,293,667$88,658,610
84$127,028,581$15,126,294$7,452,171$97,400,407
85$139,896,959$15,778,944$7,613,281$107,024,168
86$154,075,122$16,460,786$7,776,999$117,619,524
87$169,696,582$17,173,161$7,943,326$129,285,233
88$186,908,462$17,917,476$8,112,256$142,130,114
89$205,872,894$18,695,200$8,283,785$156,274,075
90$226,768,540$19,507,876$8,457,903$171,849,238
91$249,792,285$20,357,116$8,634,597$189,001,189
92$275,161,093$21,244,610$8,813,851$207,890,348
93$303,114,055$22,172,126$8,995,645$228,693,481
94$333,914,644$23,141,516$9,179,955$251,605,372
95$367,853,206$24,154,719$9,366,752$276,840,652
96$405,249,699$25,213,765$9,556,004$304,635,828
97$446,456,711$26,320,783$9,747,673$335,251,515
98$491,862,792$27,477,997$9,941,716$368,974,888
99$541,896,119$28,687,742$10,138,086$406,122,397
100$597,028,540$29,952,458$10,336,729$447,042,748