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%19.9%
1 years$241,957$239,801$237,699$235,646$233,642$224,372
2 years$119,781$117,550$115,388$113,292$111,258$102,034
3 years$79,060$76,820$74,664$72,587$70,587$61,698
4 years$58,704$56,471$54,336$52,295$50,343$41,858
5 years$46,494$44,274$42,167$40,167$38,270$30,210
6 years$38,356$36,153$34,077$32,122$30,282$22,653
7 years$32,546$30,361$28,318$26,409$24,627$17,426
8 years$28,190$26,025$24,016$22,154$20,431$13,649
9 years$24,804$22,660$20,685$18,870$17,206$10,834
10 years$22,097$19,973$18,034$16,267$14,660$8,686
11 years$19,884$17,781$15,877$14,157$12,608$7,018
12 years$18,040$15,959$14,090$12,417$10,926$5,704
13 years$16,482$14,423$12,589$10,963$9,528$4,659
14 years$15,147$13,110$11,311$9,731$8,352$3,819
15 years$13,991$11,976$10,212$8,679$7,354$3,141
16 years$12,981$10,988$9,259$7,771$6,499$2,589
17 years$12,091$10,119$8,425$6,982$5,763$2,139
18 years$11,300$9,351$7,691$6,292$5,124$1,770
19 years$10,593$8,666$7,041$5,686$4,567$1,467
20 years$9,958$8,053$6,462$5,149$4,079$1,217
21 years$9,384$7,501$5,944$4,673$3,651$1,010
22 years$8,863$7,002$5,478$4,249$3,272$839
23 years$8,388$6,549$5,058$3,870$2,937$698
24 years$7,953$6,136$4,678$3,530$2,640$580
25 years$7,554$5,758$4,332$3,223$2,376$483
26 years$7,186$5,412$4,018$2,947$2,140$402
27 years$6,846$5,093$3,731$2,698$1,929$335
28 years$6,530$4,799$3,469$2,472$1,741$279
29 years$6,237$4,527$3,228$2,267$1,572$232
30 years$5,964$4,276$3,007$2,080$1,420$194
31 years$5,709$4,042$2,803$1,910$1,284$161
32 years$5,471$3,824$2,615$1,756$1,162$135
33 years$5,247$3,622$2,442$1,615$1,051$112
34 years$5,037$3,433$2,282$1,486$952$94
35 years$4,840$3,256$2,133$1,368$862$78
36 years$4,654$3,090$1,995$1,259$781$65
37 years$4,478$2,935$1,868$1,160$708$54
38 years$4,312$2,789$1,749$1,070$642$45
39 years$4,155$2,652$1,639$986$582$38
40 years$4,006$2,524$1,536$910$528$31
41 years$3,865$2,402$1,440$839$479$26
42 years$3,730$2,288$1,351$775$435$22
43 years$3,603$2,180$1,268$715$394$18
44 years$3,481$2,078$1,190$660$358$15
45 years$3,366$1,981$1,117$610$325$13
46 years$3,255$1,890$1,049$563$295$11
47 years$3,150$1,804$986$520$268$9
48 years$3,049$1,722$926$481$243$7
49 years$2,953$1,644$871$444$221$6
50 years$2,861$1,571$819$411$201$5

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 $3,462 every year, while hoping to spend $31,511 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: 52/36/12 Blend
44$2,930,000$2,930,000$2,930,000$2,930,000
45$3,232,431$3,077,141$3,031,726$3,390,092
46$3,528,612$3,194,394$3,099,761$3,615,303
47$3,853,946$3,316,335$3,169,020$3,856,451
48$4,211,376$3,443,163$3,239,509$4,117,992
49$4,604,140$3,575,081$3,311,236$4,401,858
50$5,035,806$3,712,304$3,384,207$4,710,177
51$5,510,307$3,855,056$3,458,426$5,045,288
52$6,031,974$4,003,569$3,533,899$5,409,761
53$6,605,578$4,158,087$3,610,628$5,806,422
54$7,236,378$4,318,864$3,688,615$6,238,382
55$7,930,166$4,486,166$3,767,861$6,709,059
56$8,693,325$4,660,270$3,848,366$7,222,217
57$9,532,885$4,841,464$3,930,127$7,781,992
58$10,456,595$5,030,052$4,013,142$8,392,940
59$11,472,991$5,226,348$4,097,406$9,060,069
60$12,591,479$5,430,682$4,182,912$9,788,895
61$13,822,423$5,643,398$4,269,652$10,585,484
62$15,177,241$5,864,855$4,357,616$11,456,515
63$16,668,516$6,095,429$4,446,793$12,409,339
64$18,310,111$6,335,512$4,537,167$13,452,045
65$20,117,304$6,585,513$4,628,723$14,593,542
66$22,106,926$6,845,861$4,721,443$15,843,634
67$24,297,526$7,117,001$4,815,305$17,213,116
68$26,709,541$7,399,402$4,910,285$18,713,875
69$29,365,493$7,693,552$5,006,358$20,358,995
70$32,290,197$7,999,959$5,103,494$22,162,886
71$35,510,997$8,319,157$5,201,661$24,141,416
72$39,058,025$8,651,702$5,300,824$26,312,057
73$42,964,485$8,998,177$5,400,943$28,694,051
74$47,266,964$9,359,189$5,501,976$31,308,589
75$52,005,779$9,735,374$5,603,877$34,179,007
76$57,225,357$10,127,396$5,706,595$37,331,010
77$62,974,654$10,535,949$5,810,077$40,792,907
78$69,307,617$10,961,759$5,914,263$44,595,879
79$76,283,693$11,405,584$6,019,090$48,774,269
80$83,968,390$11,868,218$6,124,489$53,365,908
81$92,433,894$12,350,489$6,230,388$58,412,466
82$101,759,753$12,853,265$6,336,708$63,959,844
83$112,033,624$13,377,451$6,443,364$70,058,605
84$123,352,103$13,923,995$6,550,266$76,764,449
85$135,821,634$14,493,888$6,657,316$84,138,736
86$149,559,518$15,088,165$6,764,413$92,249,063
87$164,695,014$15,707,911$6,871,447$101,169,895
88$181,370,564$16,354,257$6,978,299$110,983,272
89$199,743,135$17,028,389$7,084,845$121,779,573
90$219,985,701$17,731,546$7,190,953$133,658,372
91$242,288,874$18,465,024$7,296,482$146,729,370
92$266,862,707$19,230,178$7,401,282$161,113,428
93$293,938,673$20,028,426$7,505,195$176,943,705
94$323,771,850$20,861,251$7,608,051$194,366,912
95$356,643,331$21,730,205$7,709,674$213,544,690
96$392,862,876$22,636,910$7,809,873$234,655,134
97$432,771,836$23,583,065$7,908,450$257,894,468
98$476,746,373$24,570,445$8,005,193$283,478,892
99$525,201,015$25,600,909$8,099,878$311,646,623
100$578,592,565$26,676,400$8,192,271$342,660,132