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

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 $2,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$245,260$243,075$240,944$238,863$236,832$234,750
2 years$121,416$119,154$116,963$114,838$112,777$110,679
3 years$80,140$77,869$75,683$73,578$71,550$69,501
4 years$59,506$57,242$55,078$53,009$51,030$49,046
5 years$47,129$44,878$42,743$40,716$38,792$36,879
6 years$38,880$36,646$34,542$32,561$30,695$28,854
7 years$32,990$30,776$28,705$26,770$24,963$23,196
8 years$28,575$26,380$24,344$22,457$20,710$19,016
9 years$25,143$22,969$20,967$19,128$17,440$15,820
10 years$22,399$20,246$18,280$16,489$14,860$13,312
11 years$20,155$18,024$16,093$14,350$12,780$11,304
12 years$18,286$16,177$14,282$12,587$11,075$9,668
13 years$16,707$14,619$12,760$11,112$9,658$8,319
14 years$15,354$13,289$11,465$9,864$8,466$7,194
15 years$14,182$12,139$10,352$8,797$7,454$6,246
16 years$13,158$11,138$9,385$7,877$6,588$5,443
17 years$12,256$10,257$8,540$7,077$5,841$4,757
18 years$11,454$9,478$7,796$6,378$5,194$4,168
19 years$10,738$8,784$7,137$5,763$4,629$3,660
20 years$10,094$8,163$6,550$5,220$4,135$3,220
21 years$9,512$7,603$6,025$4,737$3,700$2,838
22 years$8,984$7,098$5,553$4,307$3,317$2,505
23 years$8,503$6,638$5,127$3,923$2,977$2,213
24 years$8,062$6,220$4,742$3,578$2,676$1,958
25 years$7,657$5,837$4,392$3,267$2,408$1,734
26 years$7,284$5,486$4,073$2,987$2,169$1,536
27 years$6,939$5,163$3,782$2,735$1,956$1,363
28 years$6,619$4,865$3,516$2,505$1,765$1,209
29 years$6,322$4,589$3,272$2,298$1,593$1,074
30 years$6,046$4,334$3,048$2,109$1,440$954
31 years$5,787$4,097$2,841$1,937$1,302$848
32 years$5,545$3,877$2,651$1,780$1,177$754
33 years$5,319$3,671$2,475$1,637$1,066$671
34 years$5,106$3,480$2,313$1,506$965$597
35 years$4,906$3,300$2,162$1,386$874$531
36 years$4,717$3,132$2,023$1,277$792$473
37 years$4,539$2,975$1,893$1,176$718$421
38 years$4,371$2,827$1,773$1,084$651$375
39 years$4,211$2,689$1,661$1,000$590$334
40 years$4,060$2,558$1,557$922$535$298
41 years$3,917$2,435$1,460$851$485$265
42 years$3,781$2,319$1,369$785$441$236
43 years$3,652$2,210$1,285$725$400$211
44 years$3,529$2,106$1,206$669$363$188
45 years$3,411$2,008$1,133$618$329$167
46 years$3,300$1,916$1,064$571$299$149
47 years$3,193$1,828$999$527$272$133
48 years$3,091$1,745$939$487$247$119
49 years$2,993$1,667$883$450$224$106
50 years$2,900$1,592$830$416$203$94

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 $3,796 every year, while hoping to spend $37,631 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: 56/27/17 Blend
44$2,970,000$2,970,000$2,970,000$2,970,000
45$3,276,856$3,119,446$3,073,411$3,445,419
46$3,571,056$3,232,259$3,136,331$3,673,325
47$3,894,003$3,349,340$3,200,097$3,917,082
48$4,248,590$3,470,856$3,264,699$4,181,772
49$4,638,003$3,596,985$3,330,124$4,469,406
50$5,065,752$3,727,910$3,396,355$4,782,202
51$5,535,703$3,863,822$3,463,378$5,122,597
52$6,052,117$4,004,921$3,531,173$5,493,273
53$6,619,686$4,151,415$3,599,720$5,897,182
54$7,243,580$4,303,520$3,668,997$6,337,570
55$7,929,494$4,461,462$3,738,977$6,818,014
56$8,683,704$4,625,476$3,809,635$7,342,447
57$9,513,125$4,795,806$3,880,940$7,915,200
58$10,425,371$4,972,709$3,952,860$8,541,041
59$11,428,838$5,156,450$4,025,359$9,225,218
60$12,532,770$5,347,307$4,098,399$9,973,509
61$13,747,356$5,545,568$4,171,939$10,792,277
62$15,083,822$5,751,537$4,245,935$11,688,526
63$16,554,535$5,965,526$4,320,337$12,669,971
64$18,173,125$6,187,864$4,395,096$13,745,105
65$19,954,607$6,418,892$4,470,154$14,923,282
66$21,915,526$6,658,967$4,545,454$16,214,804
67$24,074,114$6,908,460$4,620,930$17,631,014
68$26,450,458$7,167,760$4,696,517$19,184,410
69$29,066,695$7,437,270$4,772,140$20,888,751
70$31,947,213$7,717,412$4,847,722$22,759,197
71$35,118,890$8,008,626$4,923,182$24,812,442
72$38,611,339$8,311,371$4,998,431$27,066,878
73$42,457,193$8,626,126$5,073,376$29,542,762
74$46,692,411$8,953,389$5,147,917$32,262,408
75$51,356,615$9,293,684$5,221,951$35,250,399
76$56,493,467$9,647,552$5,295,364$38,533,814
77$62,151,080$10,015,562$5,368,038$42,142,483
78$68,382,472$10,398,305$5,439,849$46,109,272
79$75,246,062$10,796,401$5,510,662$50,470,383
80$82,806,230$11,210,493$5,580,338$55,265,706
81$91,133,913$11,641,256$5,648,728$60,539,182
82$100,307,287$12,089,391$5,715,674$66,339,226
83$110,412,492$12,555,634$5,781,011$72,719,176
84$121,544,455$13,040,748$5,844,564$79,737,800
85$133,807,779$13,545,535$5,906,147$87,459,845
86$147,317,735$14,070,829$5,965,566$95,956,649
87$162,201,346$14,617,501$6,022,614$105,306,812
88$178,598,587$15,186,463$6,077,075$115,596,935
89$196,663,707$15,778,663$6,128,721$126,922,437
90$216,566,683$16,395,095$6,177,311$139,388,455
91$238,494,825$17,036,796$6,222,592$153,110,830
92$262,654,546$17,704,848$6,264,297$168,217,204
93$289,273,306$18,400,382$6,302,148$184,848,219
94$318,601,762$19,124,579$6,335,848$203,158,842
95$350,916,131$19,878,672$6,365,088$223,319,830
96$386,520,800$20,663,951$6,389,542$245,519,333
97$425,751,200$21,481,763$6,408,870$269,964,674
98$468,976,966$22,333,514$6,422,712$296,884,299
99$516,605,434$23,220,673$6,430,690$326,529,932
100$569,085,480$24,144,777$6,432,409$359,178,950