Can I retire at age 45 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$244,434$242,257$240,132$238,059$236,035$233,472
2 years$121,007$118,753$116,569$114,451$112,397$109,818
3 years$79,870$77,607$75,428$73,330$71,310$68,792
4 years$59,306$57,049$54,892$52,830$50,859$48,423
5 years$46,970$44,727$42,599$40,579$38,662$36,315
6 years$38,749$36,523$34,426$32,451$30,592$28,337
7 years$32,879$30,672$28,608$26,680$24,879$22,718
8 years$28,479$26,292$24,262$22,381$20,640$18,571
9 years$25,058$22,892$20,897$19,064$17,382$15,404
10 years$22,323$20,178$18,218$16,433$14,810$12,923
11 years$20,087$17,963$16,039$14,302$12,737$10,939
12 years$18,225$16,123$14,234$12,545$11,038$9,327
13 years$16,650$14,570$12,717$11,075$9,625$8,000
14 years$15,302$13,244$11,427$9,831$8,437$6,895
15 years$14,135$12,099$10,317$8,768$7,429$5,967
16 years$13,114$11,100$9,354$7,850$6,566$5,181
17 years$12,214$10,223$8,511$7,054$5,822$4,513
18 years$11,416$9,446$7,770$6,357$5,176$3,940
19 years$10,702$8,755$7,113$5,744$4,614$3,448
20 years$10,060$8,135$6,528$5,202$4,121$3,022
21 years$9,480$7,578$6,004$4,721$3,688$2,653
22 years$8,954$7,074$5,534$4,293$3,306$2,333
23 years$8,474$6,616$5,110$3,909$2,967$2,054
24 years$8,035$6,199$4,726$3,566$2,667$1,810
25 years$7,631$5,817$4,377$3,256$2,400$1,596
26 years$7,260$5,467$4,059$2,977$2,162$1,409
27 years$6,916$5,145$3,769$2,725$1,949$1,245
28 years$6,597$4,848$3,504$2,497$1,759$1,100
29 years$6,301$4,574$3,261$2,290$1,588$973
30 years$6,025$4,319$3,037$2,101$1,435$861
31 years$5,768$4,083$2,832$1,930$1,297$762
32 years$5,527$3,864$2,642$1,774$1,173$675
33 years$5,301$3,659$2,467$1,631$1,062$598
34 years$5,089$3,468$2,305$1,501$962$530
35 years$4,889$3,289$2,155$1,382$871$470
36 years$4,701$3,122$2,016$1,272$789$416
37 years$4,524$2,965$1,887$1,172$715$369
38 years$4,356$2,818$1,767$1,081$648$327
39 years$4,197$2,680$1,655$996$588$290
40 years$4,047$2,549$1,552$919$533$258
41 years$3,904$2,427$1,455$848$484$229
42 years$3,769$2,311$1,365$782$439$203
43 years$3,640$2,202$1,281$722$398$180
44 years$3,517$2,099$1,202$667$362$160
45 years$3,400$2,002$1,129$616$328$142
46 years$3,288$1,909$1,060$569$298$126
47 years$3,182$1,822$996$526$271$112
48 years$3,080$1,740$936$486$246$99
49 years$2,983$1,661$880$449$223$88
50 years$2,890$1,587$827$415$203$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,960,000, adding $3,562 every year, while hoping to spend $51,219 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: 26/46/28 Blend
44$2,960,000$2,960,000$2,960,000$2,960,000
45$3,265,594$3,108,714$3,062,834$3,321,845
46$3,544,188$3,206,545$3,110,943$3,466,196
47$3,849,482$3,307,452$3,158,946$3,616,352
48$4,184,145$3,411,533$3,206,787$3,776,411
49$4,551,118$3,518,888$3,254,403$3,947,245
50$4,953,637$3,629,619$3,301,731$4,129,813
51$5,395,270$3,743,832$3,348,702$4,325,168
52$5,879,945$3,861,638$3,395,241$4,534,467
53$6,411,990$3,983,148$3,441,271$4,758,983
54$6,996,169$4,108,479$3,486,710$5,000,114
55$7,637,736$4,237,751$3,531,472$5,259,396
56$8,342,472$4,371,088$3,575,464$5,538,521
57$9,116,751$4,508,618$3,618,589$5,839,347
58$9,967,592$4,650,473$3,660,743$6,163,920
59$10,902,727$4,796,787$3,701,820$6,514,490
60$11,930,678$4,947,702$3,741,703$6,893,532
61$13,060,829$5,103,362$3,780,272$7,303,772
62$14,303,523$5,263,916$3,817,400$7,748,205
63$15,670,151$5,429,517$3,852,952$8,230,134
64$17,173,268$5,600,324$3,886,787$8,753,189
65$18,826,702$5,776,500$3,918,755$9,321,370
66$20,645,691$5,958,215$3,948,700$9,939,077
67$22,647,026$6,145,642$3,976,455$10,611,159
68$24,849,204$6,338,960$4,001,848$11,342,952
69$27,272,609$6,538,354$4,024,696$12,140,331
70$29,939,697$6,744,016$4,044,805$13,009,769
71$32,875,214$6,956,141$4,061,975$13,958,392
72$36,106,427$7,174,933$4,075,992$14,994,049
73$39,663,379$7,400,601$4,086,634$16,125,385
74$43,579,174$7,633,361$4,093,666$17,361,921
75$47,890,289$7,873,435$4,096,843$18,714,146
76$52,636,918$8,121,053$4,095,907$20,193,611
77$57,863,351$8,376,451$4,090,587$21,813,044
78$63,618,390$8,639,874$4,080,599$23,586,462
79$69,955,811$8,911,574$4,065,645$25,529,309
80$76,934,873$9,191,810$4,045,412$27,658,599
81$84,620,871$9,480,850$4,019,575$29,993,076
82$93,085,758$9,778,970$3,987,789$32,553,389
83$102,408,821$10,086,455$3,949,696$35,362,289
84$112,677,428$10,403,598$3,904,918$38,444,843
85$123,987,855$10,730,704$3,853,061$41,828,668
86$136,446,191$11,068,083$3,793,714$45,544,192
87$150,169,342$11,416,059$3,726,443$49,624,941
88$165,286,132$11,774,963$3,650,796$54,107,856
89$181,938,519$12,145,138$3,566,299$59,033,640
90$200,282,936$12,526,937$3,472,458$64,447,141
91$220,491,764$12,920,725$3,368,754$70,397,776
92$242,754,961$13,326,878$3,254,645$76,939,996
93$267,281,855$13,745,784$3,129,563$84,133,802
94$294,303,118$14,177,840$2,992,917$92,045,307
95$324,072,943$14,623,461$2,844,087$100,747,363
96$356,871,443$15,083,071$2,682,424$110,320,246
97$393,007,297$15,557,109$2,507,252$120,852,415
98$432,820,659$16,046,025$2,317,863$132,441,344
99$476,686,373$16,550,287$2,113,518$145,194,445
100$525,017,507$17,070,375$1,893,445$159,230,079