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%14.9%
1 years$241,957$239,801$237,699$235,646$233,642$228,925
2 years$119,781$117,550$115,388$113,292$111,258$106,526
3 years$79,060$76,820$74,664$72,587$70,587$65,988
4 years$58,704$56,471$54,336$52,295$50,343$45,913
5 years$46,494$44,274$42,167$40,167$38,270$34,020
6 years$38,356$36,153$34,077$32,122$30,282$26,218
7 years$32,546$30,361$28,318$26,409$24,627$20,750
8 years$28,190$26,025$24,016$22,154$20,431$16,738
9 years$24,804$22,660$20,685$18,870$17,206$13,696
10 years$22,097$19,973$18,034$16,267$14,660$11,330
11 years$19,884$17,781$15,877$14,157$12,608$9,454
12 years$18,040$15,959$14,090$12,417$10,926$7,942
13 years$16,482$14,423$12,589$10,963$9,528$6,710
14 years$15,147$13,110$11,311$9,731$8,352$5,694
15 years$13,991$11,976$10,212$8,679$7,354$4,851
16 years$12,981$10,988$9,259$7,771$6,499$4,145
17 years$12,091$10,119$8,425$6,982$5,763$3,552
18 years$11,300$9,351$7,691$6,292$5,124$3,050
19 years$10,593$8,666$7,041$5,686$4,567$2,624
20 years$9,958$8,053$6,462$5,149$4,079$2,261
21 years$9,384$7,501$5,944$4,673$3,651$1,951
22 years$8,863$7,002$5,478$4,249$3,272$1,686
23 years$8,388$6,549$5,058$3,870$2,937$1,458
24 years$7,953$6,136$4,678$3,530$2,640$1,262
25 years$7,554$5,758$4,332$3,223$2,376$1,093
26 years$7,186$5,412$4,018$2,947$2,140$947
27 years$6,846$5,093$3,731$2,698$1,929$821
28 years$6,530$4,799$3,469$2,472$1,741$713
29 years$6,237$4,527$3,228$2,267$1,572$619
30 years$5,964$4,276$3,007$2,080$1,420$537
31 years$5,709$4,042$2,803$1,910$1,284$467
32 years$5,471$3,824$2,615$1,756$1,162$405
33 years$5,247$3,622$2,442$1,615$1,051$352
34 years$5,037$3,433$2,282$1,486$952$306
35 years$4,840$3,256$2,133$1,368$862$266
36 years$4,654$3,090$1,995$1,259$781$231
37 years$4,478$2,935$1,868$1,160$708$201
38 years$4,312$2,789$1,749$1,070$642$175
39 years$4,155$2,652$1,639$986$582$152
40 years$4,006$2,524$1,536$910$528$132
41 years$3,865$2,402$1,440$839$479$115
42 years$3,730$2,288$1,351$775$435$100
43 years$3,603$2,180$1,268$715$394$87
44 years$3,481$2,078$1,190$660$358$76
45 years$3,366$1,981$1,117$610$325$66
46 years$3,255$1,890$1,049$563$295$57
47 years$3,150$1,804$986$520$268$50
48 years$3,049$1,722$926$481$243$43
49 years$2,953$1,644$871$444$221$38
50 years$2,861$1,571$819$411$201$33

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 $4,791 every year, while hoping to spend $35,140 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: 76/16/8 Blend
44$2,930,000$2,930,000$2,930,000$2,930,000
45$3,233,802$3,078,512$3,033,097$3,475,413
46$3,526,261$3,191,970$3,097,317$3,748,432
47$3,847,373$3,309,810$3,162,511$4,042,642
48$4,200,024$3,432,210$3,228,673$4,364,115
49$4,587,392$3,559,354$3,295,800$4,715,544
50$5,012,979$3,691,435$3,363,882$5,099,893
51$5,480,643$3,828,655$3,432,912$5,520,426
52$5,994,633$3,971,224$3,502,879$5,980,738
53$6,559,631$4,119,360$3,573,771$6,484,785
54$7,180,796$4,273,291$3,645,575$7,036,924
55$7,863,810$4,433,255$3,718,275$7,641,954
56$8,614,935$4,599,501$3,791,853$8,305,160
57$9,441,069$4,772,286$3,866,290$9,032,359
58$10,349,811$4,951,882$3,941,565$9,829,962
59$11,349,537$5,138,569$4,017,652$10,705,027
60$12,449,472$5,332,641$4,094,525$11,665,329
61$13,659,782$5,534,405$4,172,156$12,719,430
62$14,991,668$5,744,179$4,250,512$13,876,764
63$16,457,473$5,962,298$4,329,559$15,147,720
64$18,070,794$6,189,110$4,409,258$16,543,742
65$19,846,616$6,424,977$4,489,569$18,077,437
66$21,801,448$6,670,278$4,570,447$19,762,694
67$23,953,483$6,925,410$4,651,844$21,614,810
68$26,322,767$7,190,783$4,733,710$23,650,641
69$28,931,388$7,466,830$4,815,988$25,888,753
70$31,803,685$7,754,000$4,898,618$28,349,601
71$34,966,477$8,052,762$4,981,538$31,055,720
72$38,449,316$8,363,606$5,064,678$34,031,939
73$42,284,767$8,687,043$5,147,965$37,305,610
74$46,508,713$9,023,608$5,231,322$40,906,870
75$51,160,695$9,373,858$5,314,664$44,868,921
76$56,284,284$9,738,375$5,397,904$49,228,347
77$61,927,492$10,117,768$5,480,945$54,025,453
78$68,143,228$10,512,670$5,563,689$59,304,649
79$74,989,792$10,923,745$5,646,026$65,114,865
80$82,531,427$11,351,685$5,727,845$71,510,014
81$90,838,928$11,797,213$5,809,024$78,549,500
82$99,990,308$12,261,085$5,889,435$86,298,775
83$110,071,531$12,744,090$5,968,943$94,829,959
84$121,177,329$13,247,052$6,047,404$104,222,518
85$133,412,091$13,770,832$6,124,666$114,564,012
86$146,890,850$14,316,329$6,200,569$125,950,922
87$161,740,371$14,884,484$6,274,942$138,489,560
88$178,100,343$15,476,278$6,347,607$152,297,068
89$196,124,700$16,092,737$6,418,373$167,502,525
90$215,983,071$16,734,933$6,487,040$184,248,166
91$237,862,387$17,403,987$6,553,398$202,690,716
92$261,968,637$18,101,069$6,617,224$223,002,877
93$288,528,820$18,827,403$6,678,283$245,374,950
94$317,793,082$19,584,269$6,736,328$270,016,632
95$350,037,080$20,373,002$6,791,099$297,158,994
96$385,564,583$21,194,999$6,842,321$327,056,661
97$424,710,338$22,051,722$6,889,707$359,990,213
98$467,843,233$22,944,696$6,932,952$396,268,831
99$515,369,774$23,875,518$6,971,738$436,233,216
100$567,737,929$24,845,856$7,005,728$480,258,802