Can I retire at age 45 with 2,940,000?

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$242,782$240,620$238,510$236,451$234,440$227,665
2 years$120,189$117,951$115,782$113,678$111,638$104,866
3 years$79,330$77,082$74,918$72,835$70,828$64,271
4 years$58,905$56,664$54,521$52,473$50,515$44,224
5 years$46,653$44,425$42,311$40,305$38,401$32,393
6 years$38,487$36,276$34,193$32,232$30,385$24,666
7 years$32,657$30,465$28,415$26,500$24,711$19,280
8 years$28,287$26,114$24,098$22,230$20,500$15,354
9 years$24,889$22,737$20,756$18,935$17,264$12,398
10 years$22,172$20,041$18,095$16,322$14,710$10,117
11 years$19,951$17,842$15,931$14,205$12,651$8,324
12 years$18,102$16,014$14,138$12,460$10,963$6,893
13 years$16,538$14,472$12,632$11,000$9,560$5,738
14 years$15,199$13,154$11,349$9,765$8,380$4,797
15 years$14,039$12,017$10,247$8,708$7,379$4,024
16 years$13,025$11,025$9,290$7,797$6,521$3,385
17 years$12,132$10,154$8,454$7,006$5,782$2,855
18 years$11,338$9,383$7,717$6,314$5,141$2,412
19 years$10,629$8,696$7,065$5,705$4,583$2,041
20 years$9,992$8,080$6,484$5,167$4,093$1,730
21 years$9,416$7,527$5,964$4,689$3,663$1,468
22 years$8,893$7,026$5,497$4,264$3,283$1,247
23 years$8,417$6,571$5,075$3,883$2,947$1,060
24 years$7,981$6,157$4,694$3,542$2,649$901
25 years$7,580$5,778$4,347$3,234$2,384$767
26 years$7,210$5,430$4,032$2,957$2,147$653
27 years$6,869$5,110$3,744$2,707$1,936$556
28 years$6,553$4,816$3,480$2,480$1,747$474
29 years$6,259$4,543$3,239$2,274$1,577$404
30 years$5,985$4,290$3,017$2,087$1,425$345
31 years$5,729$4,056$2,813$1,917$1,289$294
32 years$5,489$3,838$2,624$1,762$1,166$251
33 years$5,265$3,634$2,450$1,620$1,055$214
34 years$5,054$3,444$2,289$1,491$955$183
35 years$4,856$3,267$2,140$1,372$865$156
36 years$4,669$3,101$2,002$1,264$784$133
37 years$4,493$2,945$1,874$1,164$710$113
38 years$4,327$2,799$1,755$1,073$644$97
39 years$4,169$2,661$1,644$990$584$83
40 years$4,019$2,532$1,541$913$530$71
41 years$3,878$2,410$1,445$842$481$60
42 years$3,743$2,296$1,356$777$436$51
43 years$3,615$2,187$1,272$717$396$44
44 years$3,493$2,085$1,194$662$359$38
45 years$3,377$1,988$1,121$612$326$32
46 years$3,266$1,897$1,053$565$296$27
47 years$3,161$1,810$989$522$269$23
48 years$3,060$1,728$930$482$244$20
49 years$2,963$1,650$874$446$222$17
50 years$2,870$1,576$821$412$201$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,940,000, adding $6,636 every year, while hoping to spend $38,536 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: 24/47/29 Blend
44$2,940,000$2,940,000$2,940,000$2,940,000
45$3,246,725$3,090,905$3,045,335$3,294,944
46$3,536,889$3,201,357$3,106,352$3,447,168
47$3,855,358$3,315,930$3,168,121$3,606,472
48$4,204,979$3,434,785$3,230,627$3,776,349
49$4,588,887$3,558,090$3,293,853$3,957,706
50$5,010,536$3,686,018$3,357,780$4,151,537
51$5,473,730$3,818,754$3,422,386$4,358,933
52$5,982,663$3,956,485$3,487,648$4,581,087
53$6,541,951$4,099,409$3,553,540$4,819,311
54$7,156,682$4,247,731$3,620,036$5,075,044
55$7,832,460$4,401,667$3,687,103$5,349,865
56$8,575,460$4,561,437$3,754,710$5,645,505
57$9,392,484$4,727,276$3,822,821$5,963,870
58$10,291,029$4,899,423$3,891,396$6,307,048
59$11,279,351$5,078,132$3,960,395$6,677,336
60$12,366,549$5,263,665$4,029,773$7,077,255
61$13,562,647$5,456,295$4,099,481$7,509,578
62$14,878,691$5,656,307$4,169,467$7,977,351
63$16,326,850$5,863,999$4,239,677$8,483,923
64$17,920,533$6,079,679$4,310,050$9,032,974
65$19,674,515$6,303,670$4,380,524$9,628,552
66$21,605,074$6,536,309$4,451,030$10,275,110
67$23,730,149$6,777,945$4,521,497$10,977,541
68$26,069,504$7,028,944$4,591,847$11,741,230
69$28,644,918$7,289,687$4,661,998$12,572,102
70$31,480,388$7,560,571$4,731,864$13,476,671
71$34,602,358$7,842,009$4,801,352$14,462,109
72$38,039,964$8,134,433$4,870,363$15,536,305
73$41,825,313$8,438,293$4,938,793$16,707,942
74$45,993,784$8,754,058$5,006,531$17,986,574
75$50,584,361$9,082,218$5,073,461$19,382,718
76$55,640,002$9,423,283$5,139,458$20,907,951
77$61,208,044$9,777,786$5,204,392$22,575,016
78$67,340,648$10,146,280$5,268,122$24,397,940
79$74,095,293$10,529,347$5,330,503$26,392,168
80$81,535,317$10,927,590$5,391,380$28,574,703
81$89,730,517$11,341,639$5,450,588$30,964,266
82$98,757,803$11,772,153$5,507,956$33,581,471
83$108,701,927$12,219,817$5,563,301$36,449,018
84$119,656,284$12,685,347$5,616,431$39,591,904
85$131,723,787$13,169,492$5,667,144$43,037,655
86$145,017,847$13,673,030$5,715,227$46,816,586
87$159,663,434$14,196,776$5,760,454$50,962,084
88$175,798,266$14,741,579$5,802,591$55,510,922
89$193,574,099$15,308,327$5,841,388$60,503,597
90$213,158,166$15,897,943$5,876,583$65,984,719
91$234,734,752$16,511,396$5,907,902$72,003,421
92$258,506,935$17,149,693$5,935,055$78,613,824
93$284,698,502$17,813,887$5,957,739$85,875,544
94$313,556,061$18,505,079$5,975,634$93,854,250
95$345,351,367$19,224,416$5,988,406$102,622,283
96$380,383,891$19,973,097$5,995,702$112,259,332
97$418,983,643$20,752,374$5,997,153$122,853,184
98$461,514,288$21,563,554$5,992,372$134,500,552
99$508,376,580$22,408,002$5,980,951$147,307,977
100$560,012,143$23,287,146$5,962,464$161,392,837