Can I retire at age 45 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$241,957$239,801$237,699$235,646$233,642$229,583
2 years$119,781$117,550$115,388$113,292$111,258$107,182
3 years$79,060$76,820$74,664$72,587$70,587$66,620
4 years$58,704$56,471$54,336$52,295$50,343$46,516
5 years$46,494$44,274$42,167$40,167$38,270$34,595
6 years$38,356$36,153$34,077$32,122$30,282$26,762
7 years$32,546$30,361$28,318$26,409$24,627$21,264
8 years$28,190$26,025$24,016$22,154$20,431$17,223
9 years$24,804$22,660$20,685$18,870$17,206$14,152
10 years$22,097$19,973$18,034$16,267$14,660$11,757
11 years$19,884$17,781$15,877$14,157$12,608$9,854
12 years$18,040$15,959$14,090$12,417$10,926$8,316
13 years$16,482$14,423$12,589$10,963$9,528$7,058
14 years$15,147$13,110$11,311$9,731$8,352$6,018
15 years$13,991$11,976$10,212$8,679$7,354$5,152
16 years$12,981$10,988$9,259$7,771$6,499$4,424
17 years$12,091$10,119$8,425$6,982$5,763$3,810
18 years$11,300$9,351$7,691$6,292$5,124$3,288
19 years$10,593$8,666$7,041$5,686$4,567$2,844
20 years$9,958$8,053$6,462$5,149$4,079$2,463
21 years$9,384$7,501$5,944$4,673$3,651$2,137
22 years$8,863$7,002$5,478$4,249$3,272$1,856
23 years$8,388$6,549$5,058$3,870$2,937$1,614
24 years$7,953$6,136$4,678$3,530$2,640$1,405
25 years$7,554$5,758$4,332$3,223$2,376$1,223
26 years$7,186$5,412$4,018$2,947$2,140$1,066
27 years$6,846$5,093$3,731$2,698$1,929$930
28 years$6,530$4,799$3,469$2,472$1,741$811
29 years$6,237$4,527$3,228$2,267$1,572$708
30 years$5,964$4,276$3,007$2,080$1,420$619
31 years$5,709$4,042$2,803$1,910$1,284$540
32 years$5,471$3,824$2,615$1,756$1,162$472
33 years$5,247$3,622$2,442$1,615$1,051$413
34 years$5,037$3,433$2,282$1,486$952$361
35 years$4,840$3,256$2,133$1,368$862$316
36 years$4,654$3,090$1,995$1,259$781$276
37 years$4,478$2,935$1,868$1,160$708$241
38 years$4,312$2,789$1,749$1,070$642$211
39 years$4,155$2,652$1,639$986$582$185
40 years$4,006$2,524$1,536$910$528$162
41 years$3,865$2,402$1,440$839$479$142
42 years$3,730$2,288$1,351$775$435$124
43 years$3,603$2,180$1,268$715$394$108
44 years$3,481$2,078$1,190$660$358$95
45 years$3,366$1,981$1,117$610$325$83
46 years$3,255$1,890$1,049$563$295$73
47 years$3,150$1,804$986$520$268$64
48 years$3,049$1,722$926$481$243$56
49 years$2,953$1,644$871$444$221$49
50 years$2,861$1,571$819$411$201$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,930,000, adding $4,229 every year, while hoping to spend $48,656 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: 68/23/9 Blend
44$2,930,000$2,930,000$2,930,000$2,930,000
45$3,233,222$3,077,932$3,032,517$3,447,165
46$3,511,241$3,176,981$3,082,337$3,688,728
47$3,815,988$3,279,253$3,132,195$3,946,542
48$4,150,136$3,384,854$3,182,041$4,227,194
49$4,516,632$3,493,894$3,231,822$4,532,916
50$4,918,721$3,606,488$3,281,480$4,866,159
51$5,359,977$3,722,752$3,330,957$5,229,627
52$5,844,337$3,842,809$3,380,186$5,626,291
53$6,376,138$3,966,785$3,429,100$6,059,427
54$6,960,156$4,094,809$3,477,627$6,532,638
55$7,601,653$4,227,017$3,525,689$7,049,894
56$8,306,428$4,363,547$3,573,206$7,615,565
57$9,080,866$4,504,543$3,620,091$8,234,463
58$9,932,003$4,650,154$3,666,252$8,911,888
59$10,867,590$4,800,534$3,711,595$9,653,677
60$11,896,167$4,955,843$3,756,015$10,466,258
61$13,027,140$5,116,244$3,799,406$11,356,711
62$14,270,876$5,281,908$3,841,654$12,332,834
63$15,638,795$5,453,010$3,882,639$13,403,216
64$17,143,479$5,629,735$3,922,234$14,577,318
65$18,798,791$5,812,268$3,960,306$15,865,561
66$20,620,004$6,000,806$3,996,713$17,279,427
67$22,623,949$6,195,551$4,031,307$18,831,561
68$24,829,169$6,396,709$4,063,933$20,535,894
69$27,256,095$6,604,499$4,094,425$22,407,775
70$29,927,239$6,819,142$4,122,611$24,464,110
71$32,867,407$7,040,870$4,148,309$26,723,528
72$36,103,932$7,269,921$4,171,326$29,206,551
73$39,666,929$7,506,544$4,191,462$31,935,787
74$43,589,585$7,750,993$4,208,505$34,936,147
75$47,908,465$8,003,535$4,222,232$38,235,076
76$52,663,863$8,264,442$4,232,411$41,862,811
77$57,900,176$8,533,999$4,238,796$45,852,671
78$63,666,328$8,812,499$4,241,130$50,241,362
79$70,016,228$9,100,246$4,239,142$55,069,331
80$77,009,280$9,397,555$4,232,550$60,381,143
81$84,710,942$9,704,750$4,221,056$66,225,900
82$93,193,345$10,022,170$4,204,349$72,657,707
83$102,535,973$10,350,163$4,182,101$79,736,181
84$112,826,411$10,689,090$4,153,971$87,527,010
85$124,161,175$11,039,326$4,119,598$96,102,576
86$136,646,619$11,401,256$4,078,609$105,542,635
87$150,399,939$11,775,283$4,030,607$115,935,072
88$165,550,282$12,161,821$3,975,182$127,376,724
89$182,239,961$12,561,300$3,911,901$139,974,300
90$200,625,799$12,974,166$3,840,311$153,845,382
91$220,880,609$13,400,879$3,759,940$169,119,538
92$243,194,826$13,841,917$3,670,293$185,939,541
93$267,778,302$14,297,774$3,570,851$204,462,717
94$294,862,286$14,768,962$3,461,072$224,862,430
95$324,701,611$15,256,013$3,340,389$247,329,716
96$357,577,092$15,759,475$3,208,210$272,075,086
97$393,798,185$16,279,918$3,063,914$299,330,513
98$433,705,898$16,817,932$2,906,853$329,351,618
99$477,676,017$17,374,129$2,736,350$362,420,085
100$526,122,650$17,949,140$2,551,698$398,846,317