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

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$241,131$238,983$236,887$234,842$232,845$225,844
2 years$119,372$117,149$114,994$112,905$110,879$103,884
3 years$78,791$76,558$74,409$72,339$70,346$63,577
4 years$58,504$56,278$54,150$52,116$50,171$43,680
5 years$46,335$44,123$42,023$40,030$38,139$31,944
6 years$38,225$36,030$33,961$32,013$30,178$24,284
7 years$32,435$30,258$28,222$26,319$24,543$18,949
8 years$28,094$25,936$23,934$22,079$20,361$15,064
9 years$24,720$22,582$20,614$18,806$17,147$12,142
10 years$22,022$19,905$17,972$16,211$14,610$9,889
11 years$19,816$17,720$15,822$14,108$12,565$8,121
12 years$17,979$15,905$14,042$12,375$10,889$6,711
13 years$16,425$14,373$12,546$10,925$9,495$5,576
14 years$15,095$13,065$11,272$9,698$8,323$4,651
15 years$13,944$11,935$10,177$8,649$7,329$3,894
16 years$12,937$10,950$9,227$7,744$6,477$3,269
17 years$12,049$10,085$8,396$6,958$5,743$2,750
18 years$11,261$9,319$7,665$6,271$5,106$2,319
19 years$10,557$8,637$7,017$5,666$4,551$1,958
20 years$9,924$8,025$6,440$5,132$4,065$1,655
21 years$9,352$7,475$5,923$4,657$3,638$1,401
22 years$8,833$6,978$5,459$4,235$3,261$1,187
23 years$8,360$6,526$5,041$3,857$2,927$1,007
24 years$7,926$6,115$4,662$3,517$2,631$854
25 years$7,528$5,738$4,318$3,212$2,368$725
26 years$7,161$5,393$4,004$2,937$2,133$616
27 years$6,822$5,076$3,718$2,688$1,923$524
28 years$6,508$4,783$3,457$2,463$1,735$445
29 years$6,216$4,512$3,217$2,259$1,567$379
30 years$5,944$4,261$2,996$2,073$1,416$322
31 years$5,690$4,028$2,793$1,904$1,280$274
32 years$5,452$3,811$2,606$1,750$1,158$233
33 years$5,229$3,609$2,434$1,609$1,048$198
34 years$5,020$3,421$2,274$1,480$949$169
35 years$4,823$3,245$2,126$1,363$859$144
36 years$4,638$3,080$1,989$1,255$778$122
37 years$4,463$2,925$1,861$1,156$706$104
38 years$4,297$2,780$1,743$1,066$640$89
39 years$4,140$2,643$1,633$983$580$76
40 years$3,992$2,515$1,531$907$526$64
41 years$3,851$2,394$1,435$836$477$55
42 years$3,718$2,280$1,346$772$433$47
43 years$3,590$2,172$1,263$713$393$40
44 years$3,469$2,071$1,186$658$357$34
45 years$3,354$1,975$1,113$608$324$29
46 years$3,244$1,884$1,046$561$294$25
47 years$3,139$1,798$983$519$267$21
48 years$3,039$1,716$923$479$243$18
49 years$2,943$1,639$868$443$220$15
50 years$2,851$1,565$816$409$200$13

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 $2,232 every year, while hoping to spend $51,748 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: 72/11/17 Blend
44$2,920,000$2,920,000$2,920,000$2,920,000
45$3,220,142$3,065,382$3,020,122$3,439,130
46$3,493,537$3,160,527$3,066,237$3,679,982
47$3,793,084$3,258,599$3,112,162$3,937,186
48$4,121,396$3,359,687$3,157,837$4,217,523
49$4,481,350$3,463,883$3,203,196$4,523,273
50$4,876,116$3,571,282$3,248,171$4,856,952
51$5,309,185$3,681,980$3,292,690$5,221,327
52$5,784,401$3,796,076$3,336,675$5,619,447
53$6,306,001$3,913,674$3,380,044$6,054,671
54$6,878,648$4,034,880$3,422,711$6,530,697
55$7,507,483$4,159,802$3,464,584$7,051,600
56$8,198,167$4,288,552$3,505,568$7,621,866
57$8,956,935$4,421,246$3,545,559$8,246,441
58$9,790,657$4,558,003$3,584,451$8,930,770
59$10,706,904$4,698,944$3,622,129$9,680,852
60$11,714,011$4,844,196$3,658,474$10,503,297
61$12,821,166$4,993,887$3,693,359$11,405,386
62$14,038,490$5,148,152$3,726,651$12,395,143
63$15,377,131$5,307,127$3,758,209$13,481,404
64$16,849,376$5,470,954$3,787,886$14,673,908
65$18,468,758$5,639,777$3,815,527$15,983,384
66$20,250,191$5,813,745$3,840,966$17,421,652
67$22,210,105$5,993,013$3,864,033$19,001,737
68$24,366,604$6,177,739$3,884,547$20,737,991
69$26,739,635$6,368,085$3,902,316$22,646,224
70$29,351,175$6,564,219$3,917,140$24,743,860
71$32,225,441$6,766,312$3,928,811$27,050,096
72$35,389,116$6,974,541$3,937,107$29,586,086
73$38,871,602$7,189,090$3,941,796$32,375,138
74$42,705,294$7,410,144$3,942,635$35,442,937
75$46,925,890$7,637,897$3,939,369$38,817,782
76$51,572,723$7,872,546$3,931,730$42,530,860
77$56,689,136$8,114,296$3,919,438$46,616,534
78$62,322,886$8,363,355$3,902,197$51,112,670
79$68,526,600$8,619,939$3,879,701$56,060,995
80$75,358,266$8,884,269$3,851,624$61,507,489
81$82,881,784$9,156,573$3,817,628$67,502,817
82$91,167,565$9,437,084$3,777,358$74,102,815
83$100,293,199$9,726,043$3,730,441$81,369,006
84$110,344,184$10,023,698$3,676,489$89,369,188
85$121,414,733$10,330,301$3,615,094$98,178,073
86$133,608,665$10,646,115$3,545,829$107,877,990
87$147,040,381$10,971,407$3,468,246$118,559,662
88$161,835,946$11,306,452$3,381,879$130,323,064
89$178,134,278$11,651,534$3,286,238$143,278,368
90$196,088,459$12,006,944$3,180,811$157,546,978
91$215,867,178$12,372,980$3,065,064$173,262,679
92$237,656,324$12,749,950$2,938,437$190,572,901
93$261,660,739$13,138,167$2,800,345$209,640,109
94$288,106,154$13,537,957$2,650,176$230,643,337
95$317,241,315$13,949,651$2,487,291$253,779,876
96$349,340,336$14,373,590$2,311,022$279,267,142
97$384,705,280$14,810,126$2,120,670$307,344,722
98$423,669,013$15,259,616$1,915,508$338,276,640
99$466,598,347$15,722,432$1,694,771$372,353,848
100$513,897,498$16,198,951$1,457,666$409,896,972