Can I retire at age 45 with 2,970,000?

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 $2,970,000?

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$245,260$243,075$240,944$238,863$236,832$234,261
2 years$121,416$119,154$116,963$114,838$112,777$110,189
3 years$80,140$77,869$75,683$73,578$71,550$69,025
4 years$59,506$57,242$55,078$53,009$51,030$48,587
5 years$47,129$44,878$42,743$40,716$38,792$36,438
6 years$38,880$36,646$34,542$32,561$30,695$28,433
7 years$32,990$30,776$28,705$26,770$24,963$22,794
8 years$28,575$26,380$24,344$22,457$20,710$18,633
9 years$25,143$22,969$20,967$19,128$17,440$15,456
10 years$22,399$20,246$18,280$16,489$14,860$12,967
11 years$20,155$18,024$16,093$14,350$12,780$10,976
12 years$18,286$16,177$14,282$12,587$11,075$9,359
13 years$16,707$14,619$12,760$11,112$9,658$8,027
14 years$15,354$13,289$11,465$9,864$8,466$6,918
15 years$14,182$12,139$10,352$8,797$7,454$5,987
16 years$13,158$11,138$9,385$7,877$6,588$5,199
17 years$12,256$10,257$8,540$7,077$5,841$4,528
18 years$11,454$9,478$7,796$6,378$5,194$3,953
19 years$10,738$8,784$7,137$5,763$4,629$3,459
20 years$10,094$8,163$6,550$5,220$4,135$3,032
21 years$9,512$7,603$6,025$4,737$3,700$2,662
22 years$8,984$7,098$5,553$4,307$3,317$2,341
23 years$8,503$6,638$5,127$3,923$2,977$2,061
24 years$8,062$6,220$4,742$3,578$2,676$1,816
25 years$7,657$5,837$4,392$3,267$2,408$1,602
26 years$7,284$5,486$4,073$2,987$2,169$1,414
27 years$6,939$5,163$3,782$2,735$1,956$1,249
28 years$6,619$4,865$3,516$2,505$1,765$1,104
29 years$6,322$4,589$3,272$2,298$1,593$976
30 years$6,046$4,334$3,048$2,109$1,440$864
31 years$5,787$4,097$2,841$1,937$1,302$765
32 years$5,545$3,877$2,651$1,780$1,177$677
33 years$5,319$3,671$2,475$1,637$1,066$600
34 years$5,106$3,480$2,313$1,506$965$532
35 years$4,906$3,300$2,162$1,386$874$471
36 years$4,717$3,132$2,023$1,277$792$418
37 years$4,539$2,975$1,893$1,176$718$370
38 years$4,371$2,827$1,773$1,084$651$328
39 years$4,211$2,689$1,661$1,000$590$291
40 years$4,060$2,558$1,557$922$535$258
41 years$3,917$2,435$1,460$851$485$229
42 years$3,781$2,319$1,369$785$441$203
43 years$3,652$2,210$1,285$725$400$181
44 years$3,529$2,106$1,206$669$363$160
45 years$3,411$2,008$1,133$618$329$142
46 years$3,300$1,916$1,064$571$299$126
47 years$3,193$1,828$999$527$272$112
48 years$3,091$1,745$939$487$247$99
49 years$2,993$1,667$883$450$224$88
50 years$2,900$1,592$830$416$203$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,970,000, adding $4,405 every year, while hoping to spend $50,404 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: 79/7/14 Blend
44$2,970,000$2,970,000$2,970,000$2,970,000
45$3,277,484$3,120,074$3,074,039$3,526,798
46$3,558,158$3,219,328$3,123,390$3,790,736
47$3,865,771$3,321,756$3,172,704$4,073,345
48$4,203,018$3,427,461$3,221,929$4,381,984
49$4,572,867$3,536,548$3,271,004$4,719,238
50$4,978,587$3,649,126$3,319,870$5,087,951
51$5,423,778$3,765,308$3,368,461$5,491,256
52$5,912,405$3,885,210$3,416,706$5,932,605
53$6,448,837$4,008,952$3,464,533$6,415,800
54$7,037,887$4,136,659$3,511,863$6,945,027
55$7,684,855$4,268,459$3,558,614$7,524,898
56$8,395,580$4,404,483$3,604,697$8,160,495
57$9,176,495$4,544,869$3,650,021$8,857,416
58$10,034,688$4,689,758$3,694,487$9,621,825
59$10,977,966$4,839,295$3,737,991$10,460,516
60$12,014,929$4,993,632$3,780,425$11,380,972
61$13,155,055$5,152,923$3,821,672$12,391,439
62$14,408,784$5,317,329$3,861,612$13,501,000
63$15,787,618$5,487,017$3,900,114$14,719,663
64$17,304,231$5,662,157$3,937,044$16,058,454
65$18,972,587$5,842,926$3,972,259$17,529,522
66$20,808,069$6,029,508$4,005,608$19,146,253
67$22,827,630$6,222,092$4,036,934$20,923,394
68$25,049,945$6,420,871$4,066,068$22,877,197
69$27,495,595$6,626,049$4,092,836$25,025,566
70$30,187,253$6,837,833$4,117,054$27,388,231
71$33,149,904$7,056,438$4,138,527$29,986,930
72$36,411,078$7,282,087$4,157,051$32,845,618
73$40,001,107$7,515,009$4,172,411$35,990,687
74$43,953,417$7,755,441$4,184,384$39,451,222
75$48,304,836$8,003,629$4,192,732$43,259,270
76$53,095,948$8,259,825$4,197,207$47,450,145
77$58,371,469$8,524,291$4,197,548$52,062,757
78$64,180,676$8,797,298$4,193,482$57,139,987
79$70,577,864$9,079,124$4,184,723$62,729,082
80$77,622,864$9,370,059$4,170,969$68,882,108
81$85,381,605$9,670,401$4,151,905$75,656,439
82$93,926,735$9,980,458$4,127,201$83,115,295
83$103,338,309$10,300,547$4,096,509$91,328,345
84$113,704,542$10,631,000$4,059,468$100,372,357
85$125,122,641$10,972,154$4,015,696$110,331,931
86$137,699,724$11,324,363$3,964,795$121,300,287
87$151,553,828$11,687,989$3,906,347$133,380,155
88$166,815,026$12,063,407$3,839,917$146,684,738
89$183,626,651$12,451,007$3,765,047$161,338,783
90$202,146,651$12,851,188$3,681,258$177,479,755
91$222,549,079$13,264,366$3,588,050$195,259,141
92$245,025,734$13,690,969$3,484,898$214,843,872
93$269,787,972$14,131,440$3,371,256$236,417,907
94$297,068,701$14,586,236$3,246,549$260,183,959
95$327,124,579$15,055,832$3,110,179$286,365,421
96$360,238,435$15,540,717$2,961,518$315,208,462
97$396,721,939$16,041,396$2,799,913$346,984,359
98$436,918,545$16,558,392$2,624,678$381,992,058
99$481,206,731$17,092,247$2,435,099$420,560,989
100$530,003,570$17,643,520$2,230,427$463,054,182