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%13.8%
1 years$242,782$240,620$238,510$236,451$234,440$230,746
2 years$120,189$117,951$115,782$113,678$111,638$107,926
3 years$79,330$77,082$74,918$72,835$70,828$67,213
4 years$58,905$56,664$54,521$52,473$50,515$47,026
5 years$46,653$44,425$42,311$40,305$38,401$35,047
6 years$38,487$36,276$34,193$32,232$30,385$27,170
7 years$32,657$30,465$28,415$26,500$24,711$21,637
8 years$28,287$26,114$24,098$22,230$20,500$17,566
9 years$24,889$22,737$20,756$18,935$17,264$14,468
10 years$22,172$20,041$18,095$16,322$14,710$12,049
11 years$19,951$17,842$15,931$14,205$12,651$10,124
12 years$18,102$16,014$14,138$12,460$10,963$8,566
13 years$16,538$14,472$12,632$11,000$9,560$7,289
14 years$15,199$13,154$11,349$9,765$8,380$6,232
15 years$14,039$12,017$10,247$8,708$7,379$5,350
16 years$13,025$11,025$9,290$7,797$6,521$4,607
17 years$12,132$10,154$8,454$7,006$5,782$3,979
18 years$11,338$9,383$7,717$6,314$5,141$3,444
19 years$10,629$8,696$7,065$5,705$4,583$2,987
20 years$9,992$8,080$6,484$5,167$4,093$2,595
21 years$9,416$7,527$5,964$4,689$3,663$2,258
22 years$8,893$7,026$5,497$4,264$3,283$1,968
23 years$8,417$6,571$5,075$3,883$2,947$1,716
24 years$7,981$6,157$4,694$3,542$2,649$1,498
25 years$7,580$5,778$4,347$3,234$2,384$1,309
26 years$7,210$5,430$4,032$2,957$2,147$1,145
27 years$6,869$5,110$3,744$2,707$1,936$1,001
28 years$6,553$4,816$3,480$2,480$1,747$877
29 years$6,259$4,543$3,239$2,274$1,577$768
30 years$5,985$4,290$3,017$2,087$1,425$673
31 years$5,729$4,056$2,813$1,917$1,289$590
32 years$5,489$3,838$2,624$1,762$1,166$517
33 years$5,265$3,634$2,450$1,620$1,055$453
34 years$5,054$3,444$2,289$1,491$955$398
35 years$4,856$3,267$2,140$1,372$865$349
36 years$4,669$3,101$2,002$1,264$784$306
37 years$4,493$2,945$1,874$1,164$710$269
38 years$4,327$2,799$1,755$1,073$644$236
39 years$4,169$2,661$1,644$990$584$207
40 years$4,019$2,532$1,541$913$530$182
41 years$3,878$2,410$1,445$842$481$160
42 years$3,743$2,296$1,356$777$436$140
43 years$3,615$2,187$1,272$717$396$123
44 years$3,493$2,085$1,194$662$359$108
45 years$3,377$1,988$1,121$612$326$95
46 years$3,266$1,897$1,053$565$296$83
47 years$3,161$1,810$989$522$269$73
48 years$3,060$1,728$930$482$244$64
49 years$2,963$1,650$874$446$222$57
50 years$2,870$1,576$821$412$201$50

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 $3,568 every year, while hoping to spend $49,512 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: 46/35/19 Blend
44$2,940,000$2,940,000$2,940,000$2,940,000
45$3,243,560$3,087,740$3,042,170$3,375,006
46$3,521,723$3,186,359$3,091,403$3,565,858
47$3,826,599$3,288,151$3,140,625$3,767,561
48$4,160,861$3,393,219$3,189,784$3,985,354
49$4,527,451$3,501,670$3,238,825$4,220,758
50$4,929,613$3,613,613$3,287,687$4,475,445
51$5,370,917$3,729,163$3,336,308$4,751,254
52$5,855,295$3,848,437$3,384,619$5,050,210
53$6,387,082$3,971,557$3,432,550$5,374,540
54$6,971,049$4,098,648$3,480,025$5,726,693
55$7,612,454$4,229,840$3,526,964$6,109,368
56$8,317,088$4,365,266$3,573,282$6,525,533
57$9,091,332$4,505,065$3,618,888$6,978,455
58$9,942,215$4,649,381$3,663,688$7,471,731
59$10,877,481$4,798,360$3,707,581$8,009,323
60$11,905,660$4,952,156$3,750,461$8,595,588
61$13,036,152$5,110,926$3,792,216$9,235,329
62$14,279,311$5,274,833$3,832,727$9,933,831
63$15,646,547$5,444,046$3,871,870$10,696,916
64$17,150,430$5,618,739$3,909,512$11,530,992
65$18,804,809$5,799,092$3,945,516$12,443,120
66$20,624,943$5,985,291$3,979,734$13,441,076
67$22,627,645$6,177,528$4,012,013$14,533,421
68$24,831,439$6,376,002$4,042,190$15,729,588
69$27,256,738$6,580,918$4,070,096$17,039,966
70$29,926,031$6,792,489$4,095,549$18,475,999
71$32,864,098$7,010,933$4,118,362$20,050,292
72$36,098,245$7,236,477$4,138,336$21,776,730
73$39,658,558$7,469,357$4,155,263$23,670,611
74$43,578,190$7,709,814$4,168,923$25,748,787
75$47,893,669$7,958,099$4,179,085$28,029,822
76$52,645,248$8,214,470$4,185,510$30,534,168
77$57,877,280$8,479,197$4,187,941$33,284,358
78$63,638,640$8,752,554$4,186,114$36,305,216
79$69,983,181$9,034,829$4,179,749$39,624,094
80$76,970,248$9,326,318$4,168,553$43,271,125
81$84,665,232$9,627,327$4,152,218$47,279,509
82$93,140,191$9,938,171$4,130,423$51,685,829
83$102,474,528$10,259,179$4,102,830$56,530,387
84$112,755,740$10,590,688$4,069,084$61,857,594
85$124,080,242$10,933,049$4,028,815$67,716,381
86$136,554,281$11,286,623$3,981,635$74,160,663
87$150,294,935$11,651,784$3,927,137$81,249,847
88$165,431,217$12,028,921$3,864,895$89,049,391
89$182,105,295$12,418,432$3,794,463$97,631,423
90$200,473,832$12,820,732$3,715,374$107,075,420
91$220,709,465$13,236,249$3,627,141$117,468,955
92$243,002,431$13,665,427$3,529,251$128,908,529
93$267,562,370$14,108,723$3,421,172$141,500,473
94$294,620,293$14,566,612$3,302,343$155,361,958
95$324,430,772$15,039,585$3,172,180$170,622,095
96$357,274,334$15,528,148$3,030,071$187,423,159
97$393,460,115$16,032,827$2,875,378$205,921,923
98$433,328,777$16,554,164$2,707,433$226,291,144
99$477,255,717$17,092,723$2,525,536$248,721,188
100$525,654,618$17,649,085$2,328,960$273,421,832