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%17.3%
1 years$244,434$242,257$240,132$238,059$236,035$229,030
2 years$121,007$118,753$116,569$114,451$112,397$105,398
3 years$79,870$77,607$75,428$73,330$71,310$64,535
4 years$59,306$57,049$54,892$52,830$50,859$44,361
5 years$46,970$44,727$42,599$40,579$38,662$32,458
6 years$38,749$36,523$34,426$32,451$30,592$24,688
7 years$32,879$30,672$28,608$26,680$24,879$19,276
8 years$28,479$26,292$24,262$22,381$20,640$15,333
9 years$25,058$22,892$20,897$19,064$17,382$12,366
10 years$22,323$20,178$18,218$16,433$14,810$10,078
11 years$20,087$17,963$16,039$14,302$12,737$8,281
12 years$18,225$16,123$14,234$12,545$11,038$6,849
13 years$16,650$14,570$12,717$11,075$9,625$5,693
14 years$15,302$13,244$11,427$9,831$8,437$4,753
15 years$14,135$12,099$10,317$8,768$7,429$3,982
16 years$13,114$11,100$9,354$7,850$6,566$3,345
17 years$12,214$10,223$8,511$7,054$5,822$2,816
18 years$11,416$9,446$7,770$6,357$5,176$2,376
19 years$10,702$8,755$7,113$5,744$4,614$2,008
20 years$10,060$8,135$6,528$5,202$4,121$1,699
21 years$9,480$7,578$6,004$4,721$3,688$1,439
22 years$8,954$7,074$5,534$4,293$3,306$1,221
23 years$8,474$6,616$5,110$3,909$2,967$1,036
24 years$8,035$6,199$4,726$3,566$2,667$880
25 years$7,631$5,817$4,377$3,256$2,400$747
26 years$7,260$5,467$4,059$2,977$2,162$635
27 years$6,916$5,145$3,769$2,725$1,949$540
28 years$6,597$4,848$3,504$2,497$1,759$460
29 years$6,301$4,574$3,261$2,290$1,588$391
30 years$6,025$4,319$3,037$2,101$1,435$333
31 years$5,768$4,083$2,832$1,930$1,297$284
32 years$5,527$3,864$2,642$1,774$1,173$242
33 years$5,301$3,659$2,467$1,631$1,062$206
34 years$5,089$3,468$2,305$1,501$962$175
35 years$4,889$3,289$2,155$1,382$871$149
36 years$4,701$3,122$2,016$1,272$789$127
37 years$4,524$2,965$1,887$1,172$715$108
38 years$4,356$2,818$1,767$1,081$648$92
39 years$4,197$2,680$1,655$996$588$79
40 years$4,047$2,549$1,552$919$533$67
41 years$3,904$2,427$1,455$848$484$57
42 years$3,769$2,311$1,365$782$439$49
43 years$3,640$2,202$1,281$722$398$42
44 years$3,517$2,099$1,202$667$362$35
45 years$3,400$2,002$1,129$616$328$30
46 years$3,288$1,909$1,060$569$298$26
47 years$3,182$1,822$996$526$271$22
48 years$3,080$1,740$936$486$246$19
49 years$2,983$1,661$880$449$223$16
50 years$2,890$1,587$827$415$203$14

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 $6,672 every year, while hoping to spend $29,762 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: 32/50/18 Blend
44$2,960,000$2,960,000$2,960,000$2,960,000
45$3,268,802$3,111,922$3,066,042$3,354,855
46$3,570,553$3,232,740$3,137,088$3,540,285
47$3,902,086$3,358,480$3,209,516$3,736,684
48$4,266,406$3,489,353$3,283,342$3,947,599
49$4,666,825$3,625,577$3,358,580$4,174,316
50$5,106,992$3,767,381$3,435,243$4,418,244
51$5,590,927$3,915,004$3,513,346$4,680,928
52$6,123,058$4,068,696$3,592,900$4,964,063
53$6,708,266$4,228,718$3,673,917$5,269,509
54$7,351,925$4,395,341$3,756,410$5,599,308
55$8,059,959$4,568,850$3,840,387$5,955,697
56$8,838,893$4,749,543$3,925,859$6,341,138
57$9,695,919$4,937,729$4,012,834$6,758,329
58$10,638,959$5,133,734$4,101,320$7,210,237
59$11,676,741$5,337,895$4,191,322$7,700,117
60$12,818,884$5,550,568$4,282,847$8,231,550
61$14,075,986$5,772,121$4,375,898$8,808,467
62$15,459,724$6,002,943$4,470,478$9,435,189
63$16,982,965$6,243,436$4,566,588$10,116,467
64$18,659,887$6,494,023$4,664,228$10,857,520
65$20,506,111$6,755,146$4,763,396$11,664,090
66$22,538,852$7,027,266$4,864,087$12,542,488
67$24,777,078$7,310,865$4,966,297$13,499,654
68$27,241,689$7,606,447$5,070,017$14,543,224
69$29,955,718$7,914,539$5,175,239$15,681,592
70$32,944,541$8,235,692$5,281,950$16,923,996
71$36,236,125$8,570,482$5,390,136$18,280,595
72$39,861,285$8,919,510$5,499,780$19,762,571
73$43,853,976$9,283,407$5,610,864$21,382,224
74$48,251,618$9,662,830$5,723,364$23,153,089
75$53,095,442$10,058,468$5,837,256$25,090,065
76$58,430,884$10,471,039$5,952,511$27,209,545
77$64,308,012$10,901,298$6,069,098$29,529,574
78$70,781,998$11,350,031$6,186,981$32,070,016
79$77,913,640$11,818,060$6,306,123$34,852,733
80$85,769,933$12,306,247$6,426,480$37,901,796
81$94,424,705$12,815,492$6,548,006$41,243,702
82$103,959,310$13,346,736$6,670,649$44,907,625
83$114,463,399$13,900,965$6,794,355$48,925,685
84$126,035,762$14,479,208$6,919,062$53,333,249
85$138,785,264$15,082,544$7,044,705$58,169,262
86$152,831,872$15,712,100$7,171,214$63,476,605
87$168,307,785$16,369,055$7,298,512$69,302,503
88$185,358,684$17,054,644$7,426,516$75,698,961
89$204,145,105$17,770,156$7,555,140$82,723,250
90$224,843,956$18,516,944$7,684,287$90,438,447
91$247,650,185$19,296,420$7,813,856$98,914,021
92$272,778,621$20,110,062$7,943,738$108,226,485
93$300,466,005$20,959,419$8,073,817$118,460,113
94$330,973,216$21,846,109$8,203,969$129,707,728
95$364,587,742$22,771,827$8,334,060$142,071,573
96$401,626,391$23,738,346$8,463,951$155,664,273
97$442,438,279$24,747,521$8,593,489$170,609,885
98$487,408,129$25,801,295$8,722,516$187,045,066
99$536,959,899$26,901,699$8,850,862$205,120,357
100$591,560,789$28,050,862$8,978,345$225,001,592