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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$242,782$240,620$238,510$236,451$234,440$228,772
2 years$120,189$117,951$115,782$113,678$111,638$105,962
3 years$79,330$77,082$74,918$72,835$70,828$65,321
4 years$58,905$56,664$54,521$52,473$50,515$45,220
5 years$46,653$44,425$42,311$40,305$38,401$33,331
6 years$38,487$36,276$34,193$32,232$30,385$25,547
7 years$32,657$30,465$28,415$26,500$24,711$20,105
8 years$28,287$26,114$24,098$22,230$20,500$16,124
9 years$24,889$22,737$20,756$18,935$17,264$13,115
10 years$22,172$20,041$18,095$16,322$14,710$10,782
11 years$19,951$17,842$15,931$14,205$12,651$8,940
12 years$18,102$16,014$14,138$12,460$10,963$7,462
13 years$16,538$14,472$12,632$11,000$9,560$6,262
14 years$15,199$13,154$11,349$9,765$8,380$5,278
15 years$14,039$12,017$10,247$8,708$7,379$4,465
16 years$13,025$11,025$9,290$7,797$6,521$3,789
17 years$12,132$10,154$8,454$7,006$5,782$3,223
18 years$11,338$9,383$7,717$6,314$5,141$2,747
19 years$10,629$8,696$7,065$5,705$4,583$2,346
20 years$9,992$8,080$6,484$5,167$4,093$2,007
21 years$9,416$7,527$5,964$4,689$3,663$1,718
22 years$8,893$7,026$5,497$4,264$3,283$1,473
23 years$8,417$6,571$5,075$3,883$2,947$1,264
24 years$7,981$6,157$4,694$3,542$2,649$1,085
25 years$7,580$5,778$4,347$3,234$2,384$933
26 years$7,210$5,430$4,032$2,957$2,147$802
27 years$6,869$5,110$3,744$2,707$1,936$690
28 years$6,553$4,816$3,480$2,480$1,747$594
29 years$6,259$4,543$3,239$2,274$1,577$511
30 years$5,985$4,290$3,017$2,087$1,425$440
31 years$5,729$4,056$2,813$1,917$1,289$379
32 years$5,489$3,838$2,624$1,762$1,166$327
33 years$5,265$3,634$2,450$1,620$1,055$281
34 years$5,054$3,444$2,289$1,491$955$243
35 years$4,856$3,267$2,140$1,372$865$209
36 years$4,669$3,101$2,002$1,264$784$180
37 years$4,493$2,945$1,874$1,164$710$155
38 years$4,327$2,799$1,755$1,073$644$134
39 years$4,169$2,661$1,644$990$584$116
40 years$4,019$2,532$1,541$913$530$100
41 years$3,878$2,410$1,445$842$481$86
42 years$3,743$2,296$1,356$777$436$74
43 years$3,615$2,187$1,272$717$396$64
44 years$3,493$2,085$1,194$662$359$55
45 years$3,377$1,988$1,121$612$326$48
46 years$3,266$1,897$1,053$565$296$41
47 years$3,161$1,810$989$522$269$35
48 years$3,060$1,728$930$482$244$31
49 years$2,963$1,650$874$446$222$26
50 years$2,870$1,576$821$412$201$23

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 $5,940 every year, while hoping to spend $59,023 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: 49/42/9 Blend
44$2,940,000$2,940,000$2,940,000$2,940,000
45$3,246,007$3,090,187$3,044,617$3,396,998
46$3,514,300$3,178,806$3,083,812$3,589,631
47$3,807,980$3,269,790$3,122,341$3,792,028
48$4,129,575$3,363,191$3,160,121$4,010,497
49$4,481,869$3,459,063$3,197,061$4,246,559
50$4,867,925$3,557,463$3,233,068$4,501,884
51$5,291,119$3,658,444$3,268,042$4,778,308
52$5,755,169$3,762,064$3,301,877$5,077,856
53$6,264,169$3,868,378$3,334,463$5,402,752
54$6,822,630$3,977,444$3,365,683$5,755,447
55$7,435,518$4,089,319$3,395,414$6,138,636
56$8,108,306$4,204,060$3,423,525$6,555,287
57$8,847,020$4,321,727$3,449,880$7,008,670
58$9,658,301$4,442,376$3,474,336$7,502,381
59$10,549,462$4,566,067$3,496,741$8,040,381
60$11,528,562$4,692,859$3,516,936$8,627,033
61$12,604,475$4,822,809$3,534,754$9,267,141
62$13,786,982$4,955,977$3,550,018$9,965,993
63$15,086,856$5,092,421$3,562,545$10,729,418
64$16,515,965$5,232,200$3,572,140$11,563,831
65$18,087,386$5,375,370$3,578,599$12,476,300
66$19,815,525$5,521,990$3,581,709$13,474,610
67$21,716,257$5,672,115$3,581,244$14,567,337
68$23,807,069$5,825,803$3,576,970$15,763,927
69$26,107,230$5,983,107$3,568,639$17,074,786
70$28,637,971$6,144,082$3,555,991$18,511,378
71$31,422,683$6,308,781$3,538,756$20,086,333
72$34,487,140$6,477,255$3,516,647$21,813,565
73$37,859,741$6,649,554$3,489,368$23,708,402
74$41,571,777$6,825,724$3,456,604$25,787,733
75$45,657,727$7,005,813$3,418,029$28,070,166
76$50,155,581$7,189,864$3,373,299$30,576,204
77$55,107,200$7,377,917$3,322,054$33,328,434
78$60,558,710$7,570,011$3,263,919$36,351,746
79$66,560,938$7,766,180$3,198,499$39,673,565
80$73,169,887$7,966,457$3,125,383$43,324,108
81$80,447,272$8,170,869$3,044,139$47,336,671
82$88,461,092$8,379,440$2,954,316$51,747,941
83$97,286,280$8,592,189$2,855,442$56,598,347
84$107,005,405$8,809,131$2,747,024$61,932,435
85$117,709,452$9,030,275$2,628,546$67,799,291
86$129,498,682$9,255,624$2,499,467$74,253,005
87$142,483,573$9,485,175$2,359,225$81,353,181
88$156,785,868$9,718,919$2,207,230$89,165,498
89$172,539,720$9,956,839$2,042,865$97,762,333
90$189,892,958$10,198,911$1,865,487$107,223,439
91$209,008,482$10,445,101$1,674,424$117,636,705
92$230,065,804$10,695,367$1,468,974$129,098,977
93$253,262,733$10,949,657$1,248,402$141,716,980
94$278,817,252$11,207,910$1,011,943$155,608,321
95$306,969,565$11,470,051$758,796$170,902,600
96$337,984,372$11,735,995$488,128$187,742,634
97$372,153,363$12,005,644$199,065$206,285,806
98$409,797,970$12,278,885$0$226,705,551
99$451,272,404$12,555,591$0$249,203,497
100$496,966,993$12,835,619$0$274,000,838