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%17.8%
1 years$241,131$238,983$236,887$234,842$232,845$225,482
2 years$119,372$117,149$114,994$112,905$110,879$103,527
3 years$78,791$76,558$74,409$72,339$70,346$63,237
4 years$58,504$56,278$54,150$52,116$50,171$43,359
5 years$46,335$44,123$42,023$40,030$38,139$31,642
6 years$38,225$36,030$33,961$32,013$30,178$24,002
7 years$32,435$30,258$28,222$26,319$24,543$18,686
8 years$28,094$25,936$23,934$22,079$20,361$14,820
9 years$24,720$22,582$20,614$18,806$17,147$11,916
10 years$22,022$19,905$17,972$16,211$14,610$9,681
11 years$19,816$17,720$15,822$14,108$12,565$7,929
12 years$17,979$15,905$14,042$12,375$10,889$6,536
13 years$16,425$14,373$12,546$10,925$9,495$5,415
14 years$15,095$13,065$11,272$9,698$8,323$4,505
15 years$13,944$11,935$10,177$8,649$7,329$3,761
16 years$12,937$10,950$9,227$7,744$6,477$3,148
17 years$12,049$10,085$8,396$6,958$5,743$2,641
18 years$11,261$9,319$7,665$6,271$5,106$2,220
19 years$10,557$8,637$7,017$5,666$4,551$1,869
20 years$9,924$8,025$6,440$5,132$4,065$1,575
21 years$9,352$7,475$5,923$4,657$3,638$1,329
22 years$8,833$6,978$5,459$4,235$3,261$1,123
23 years$8,360$6,526$5,041$3,857$2,927$949
24 years$7,926$6,115$4,662$3,517$2,631$803
25 years$7,528$5,738$4,318$3,212$2,368$680
26 years$7,161$5,393$4,004$2,937$2,133$575
27 years$6,822$5,076$3,718$2,688$1,923$487
28 years$6,508$4,783$3,457$2,463$1,735$413
29 years$6,216$4,512$3,217$2,259$1,567$350
30 years$5,944$4,261$2,996$2,073$1,416$297
31 years$5,690$4,028$2,793$1,904$1,280$252
32 years$5,452$3,811$2,606$1,750$1,158$213
33 years$5,229$3,609$2,434$1,609$1,048$181
34 years$5,020$3,421$2,274$1,480$949$154
35 years$4,823$3,245$2,126$1,363$859$130
36 years$4,638$3,080$1,989$1,255$778$111
37 years$4,463$2,925$1,861$1,156$706$94
38 years$4,297$2,780$1,743$1,066$640$80
39 years$4,140$2,643$1,633$983$580$68
40 years$3,992$2,515$1,531$907$526$57
41 years$3,851$2,394$1,435$836$477$49
42 years$3,718$2,280$1,346$772$433$41
43 years$3,590$2,172$1,263$713$393$35
44 years$3,469$2,071$1,186$658$357$30
45 years$3,354$1,975$1,113$608$324$25
46 years$3,244$1,884$1,046$561$294$21
47 years$3,139$1,798$983$519$267$18
48 years$3,039$1,716$923$479$243$15
49 years$2,943$1,639$868$443$220$13
50 years$2,851$1,565$816$409$200$11

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 $5,783 every year, while hoping to spend $32,270 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: 54/31/15 Blend
44$2,920,000$2,920,000$2,920,000$2,920,000
45$3,223,805$3,069,045$3,023,785$3,384,758
46$3,518,298$3,185,093$3,090,747$3,611,158
47$3,841,748$3,305,746$3,158,870$3,853,514
48$4,197,074$3,431,196$3,228,160$4,116,582
49$4,587,493$3,561,641$3,298,621$4,402,341
50$5,016,547$3,697,292$3,370,255$4,712,970
51$5,488,140$3,838,365$3,443,064$5,050,860
52$6,006,573$3,985,087$3,517,049$5,418,647
53$6,576,584$4,137,696$3,592,210$5,819,225
54$7,203,391$4,296,440$3,668,545$6,255,783
55$7,892,747$4,461,575$3,746,051$6,731,825
56$8,650,988$4,633,372$3,824,724$7,251,209
57$9,485,094$4,812,113$3,904,558$7,818,181
58$10,402,758$4,998,091$3,985,545$8,437,412
59$11,412,454$5,191,612$4,067,675$9,114,044
60$12,523,520$5,392,997$4,150,939$9,853,735
61$13,746,246$5,602,581$4,235,322$10,662,717
62$15,091,967$5,820,711$4,320,809$11,547,845
63$16,573,176$6,047,754$4,407,384$12,516,670
64$18,203,635$6,284,090$4,495,027$13,577,502
65$19,998,512$6,530,116$4,583,716$14,739,494
66$21,974,516$6,786,247$4,673,426$16,012,719
67$24,150,061$7,052,918$4,764,131$17,408,274
68$26,545,437$7,330,581$4,855,799$18,938,375
69$29,183,002$7,619,710$4,948,399$20,616,476
70$32,087,392$7,920,799$5,041,893$22,457,391
71$35,285,752$8,234,364$5,136,243$24,477,438
72$38,807,997$8,560,946$5,231,405$26,694,586
73$42,687,088$8,901,108$5,327,333$29,128,626
74$46,959,348$9,255,439$5,423,976$31,801,358
75$51,664,801$9,624,555$5,521,278$34,736,790
76$56,847,551$10,009,099$5,619,182$37,961,369
77$62,556,200$10,409,744$5,717,623$41,504,224
78$68,844,302$10,827,191$5,816,533$45,397,444
79$75,770,873$11,262,175$5,915,839$49,676,375
80$83,400,944$11,715,464$6,015,462$54,379,953
81$91,806,178$12,187,859$6,115,317$59,551,072
82$101,065,543$12,680,199$6,215,316$65,236,983
83$111,266,060$13,193,361$6,315,361$71,489,740
84$122,503,623$13,728,260$6,415,350$78,366,690
85$134,883,903$14,285,855$6,515,174$85,931,011
86$148,523,346$14,867,147$6,614,717$94,252,305
87$163,550,272$15,473,182$6,713,855$103,407,256
88$180,106,088$16,105,056$6,812,457$113,480,346
89$198,346,618$16,763,913$6,910,384$124,564,654
90$218,443,577$17,450,949$7,007,486$136,762,733
91$240,586,194$18,167,417$7,103,609$150,187,569
92$264,982,990$18,914,625$7,198,584$164,963,652
93$291,863,755$19,693,942$7,292,237$181,228,141
94$321,481,712$20,506,799$7,384,381$199,132,163
95$354,115,908$21,354,694$7,474,819$218,842,228
96$390,073,849$22,239,191$7,563,343$240,541,805
97$429,694,400$23,161,930$7,649,734$264,433,044
98$473,350,987$24,124,623$7,733,758$290,738,687
99$521,455,121$25,129,063$7,815,172$319,704,158
100$574,460,280$26,177,124$7,893,717$351,599,885