Can I retire at age 45 with 2,950,000?

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$243,608$241,438$239,321$237,255$235,237$232,009
2 years$120,598$118,352$116,175$114,065$112,018$108,771
3 years$79,600$77,344$75,173$73,082$71,069$67,905
4 years$59,105$56,856$54,707$52,652$50,687$47,630
5 years$46,811$44,576$42,455$40,442$38,531$35,590
6 years$38,618$36,400$34,310$32,341$30,488$27,666
7 years$32,768$30,568$28,512$26,590$24,795$22,093
8 years$28,383$26,203$24,180$22,305$20,570$17,988
9 years$24,974$22,814$20,826$18,999$17,323$14,860
10 years$22,248$20,110$18,157$16,378$14,760$12,414
11 years$20,019$17,902$15,985$14,253$12,694$10,462
12 years$18,163$16,068$14,186$12,502$11,000$8,881
13 years$16,594$14,521$12,674$11,038$9,593$7,582
14 years$15,250$13,199$11,388$9,798$8,409$6,504
15 years$14,087$12,058$10,282$8,738$7,404$5,602
16 years$13,070$11,063$9,322$7,824$6,544$4,841
17 years$12,173$10,188$8,483$7,030$5,802$4,196
18 years$11,377$9,414$7,744$6,335$5,159$3,645
19 years$10,666$8,725$7,089$5,724$4,598$3,173
20 years$10,026$8,108$6,506$5,185$4,107$2,767
21 years$9,448$7,552$5,984$4,705$3,675$2,417
22 years$8,924$7,050$5,515$4,278$3,295$2,114
23 years$8,445$6,593$5,092$3,896$2,957$1,851
24 years$8,008$6,178$4,710$3,554$2,658$1,622
25 years$7,606$5,797$4,362$3,245$2,392$1,423
26 years$7,235$5,449$4,046$2,967$2,155$1,249
27 years$6,892$5,128$3,757$2,716$1,943$1,097
28 years$6,575$4,832$3,492$2,489$1,753$964
29 years$6,280$4,558$3,250$2,282$1,583$848
30 years$6,005$4,305$3,027$2,094$1,430$746
31 years$5,748$4,070$2,822$1,923$1,293$657
32 years$5,508$3,851$2,633$1,768$1,170$578
33 years$5,283$3,647$2,459$1,626$1,058$509
34 years$5,072$3,456$2,297$1,496$958$449
35 years$4,873$3,278$2,148$1,377$868$395
36 years$4,685$3,111$2,009$1,268$786$348
37 years$4,508$2,955$1,880$1,168$713$307
38 years$4,341$2,808$1,761$1,077$646$271
39 years$4,183$2,671$1,650$993$586$239
40 years$4,033$2,541$1,546$916$531$210
41 years$3,891$2,419$1,450$845$482$186
42 years$3,756$2,303$1,360$780$438$164
43 years$3,627$2,195$1,276$720$397$144
44 years$3,505$2,092$1,198$665$360$127
45 years$3,388$1,995$1,125$614$327$112
46 years$3,277$1,903$1,057$567$297$99
47 years$3,171$1,816$993$524$270$87
48 years$3,070$1,734$933$484$245$77
49 years$2,973$1,656$877$447$223$68
50 years$2,880$1,581$824$414$202$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,950,000, adding $3,705 every year, while hoping to spend $37,726 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: 50/33/17 Blend
44$2,950,000$2,950,000$2,950,000$2,950,000
45$3,254,722$3,098,372$3,052,647$3,401,971
46$3,546,563$3,210,052$3,114,770$3,615,554
47$3,866,908$3,325,940$3,177,710$3,843,332
48$4,218,624$3,446,202$3,241,455$4,090,053
49$4,604,869$3,571,012$3,305,989$4,357,516
50$5,029,124$3,700,549$3,371,298$4,647,698
51$5,495,221$3,835,003$3,437,363$4,962,773
52$6,007,384$3,974,568$3,504,165$5,305,132
53$6,570,265$4,119,449$3,571,682$5,677,406
54$7,188,988$4,269,859$3,639,890$6,082,488
55$7,869,200$4,426,017$3,708,762$6,523,561
56$8,617,123$4,588,156$3,778,269$7,004,128
57$9,439,609$4,756,516$3,848,381$7,528,043
58$10,344,211$4,931,347$3,919,064$8,099,548
59$11,339,248$5,112,910$3,990,279$8,723,311
60$12,433,886$5,301,477$4,061,988$9,404,469
61$13,638,225$5,497,332$4,134,148$10,148,680
62$14,963,393$5,700,771$4,206,711$10,962,168
63$16,421,652$5,912,101$4,279,629$11,851,787
64$18,026,511$6,131,645$4,352,846$12,825,084
65$19,792,855$6,359,736$4,426,308$13,890,366
66$21,737,088$6,596,724$4,499,950$15,056,781
67$23,877,281$6,842,974$4,573,709$16,334,402
68$26,233,349$7,098,865$4,647,513$17,734,321
69$28,827,234$7,364,793$4,721,288$19,268,752
70$31,683,115$7,641,171$4,794,954$20,951,147
71$34,827,634$7,928,430$4,868,427$22,796,320
72$38,290,149$8,227,019$4,941,615$24,820,587
73$42,103,008$8,537,406$5,014,423$27,041,918
74$46,301,857$8,860,082$5,086,749$29,480,104
75$50,925,976$9,195,556$5,158,485$32,156,948
76$56,018,647$9,544,359$5,229,515$35,096,461
77$61,627,565$9,907,048$5,299,720$38,325,095
78$67,805,285$10,284,202$5,368,969$41,871,986
79$74,609,721$10,676,425$5,437,126$45,769,230
80$82,104,691$11,084,349$5,504,049$50,052,183
81$90,360,519$11,508,631$5,569,583$54,759,797
82$99,454,697$11,949,959$5,633,570$59,934,979
83$109,472,620$12,409,051$5,695,838$65,624,999
84$120,508,387$12,886,655$5,756,209$71,881,936
85$132,665,694$13,383,552$5,814,493$78,763,163
86$146,058,808$13,900,559$5,870,492$86,331,889
87$160,813,648$14,438,528$5,923,995$94,657,753
88$177,068,972$14,998,348$5,974,780$103,817,480
89$194,977,687$15,580,947$6,022,616$113,895,604
90$214,708,293$16,187,296$6,067,255$124,985,261
91$236,446,472$16,818,406$6,108,441$137,189,066
92$260,396,840$17,475,336$6,145,902$150,620,081
93$286,784,880$18,159,189$6,179,352$165,402,881
94$315,859,068$18,871,120$6,208,490$181,674,723
95$347,893,220$19,612,332$6,233,002$199,586,841
96$383,189,076$20,384,084$6,252,555$219,305,872
97$422,079,149$21,187,690$6,266,802$241,015,424
98$464,929,859$22,024,524$6,275,377$264,917,807
99$512,144,999$22,896,020$6,277,897$291,235,939
100$564,169,540$23,803,677$6,273,958$320,215,450