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%17.9%
1 years$245,260$243,075$240,944$238,863$236,832$229,251
2 years$121,416$119,154$116,963$114,838$112,777$105,209
3 years$80,140$77,869$75,683$73,578$71,550$64,233
4 years$59,506$57,242$55,078$53,009$51,030$44,020
5 years$47,129$44,878$42,743$40,716$38,792$32,107
6 years$38,880$36,646$34,542$32,561$30,695$24,341
7 years$32,990$30,776$28,705$26,770$24,963$18,940
8 years$28,575$26,380$24,344$22,457$20,710$15,012
9 years$25,143$22,969$20,967$19,128$17,440$12,063
10 years$22,399$20,246$18,280$16,489$14,860$9,795
11 years$20,155$18,024$16,093$14,350$12,780$8,017
12 years$18,286$16,177$14,282$12,587$11,075$6,604
13 years$16,707$14,619$12,760$11,112$9,658$5,468
14 years$15,354$13,289$11,465$9,864$8,466$4,546
15 years$14,182$12,139$10,352$8,797$7,454$3,792
16 years$13,158$11,138$9,385$7,877$6,588$3,172
17 years$12,256$10,257$8,540$7,077$5,841$2,659
18 years$11,454$9,478$7,796$6,378$5,194$2,233
19 years$10,738$8,784$7,137$5,763$4,629$1,879
20 years$10,094$8,163$6,550$5,220$4,135$1,582
21 years$9,512$7,603$6,025$4,737$3,700$1,334
22 years$8,984$7,098$5,553$4,307$3,317$1,126
23 years$8,503$6,638$5,127$3,923$2,977$951
24 years$8,062$6,220$4,742$3,578$2,676$804
25 years$7,657$5,837$4,392$3,267$2,408$680
26 years$7,284$5,486$4,073$2,987$2,169$575
27 years$6,939$5,163$3,782$2,735$1,956$487
28 years$6,619$4,865$3,516$2,505$1,765$412
29 years$6,322$4,589$3,272$2,298$1,593$349
30 years$6,046$4,334$3,048$2,109$1,440$296
31 years$5,787$4,097$2,841$1,937$1,302$251
32 years$5,545$3,877$2,651$1,780$1,177$212
33 years$5,319$3,671$2,475$1,637$1,066$180
34 years$5,106$3,480$2,313$1,506$965$153
35 years$4,906$3,300$2,162$1,386$874$129
36 years$4,717$3,132$2,023$1,277$792$110
37 years$4,539$2,975$1,893$1,176$718$93
38 years$4,371$2,827$1,773$1,084$651$79
39 years$4,211$2,689$1,661$1,000$590$67
40 years$4,060$2,558$1,557$922$535$57
41 years$3,917$2,435$1,460$851$485$48
42 years$3,781$2,319$1,369$785$441$41
43 years$3,652$2,210$1,285$725$400$35
44 years$3,529$2,106$1,206$669$363$29
45 years$3,411$2,008$1,133$618$329$25
46 years$3,300$1,916$1,064$571$299$21
47 years$3,193$1,828$999$527$272$18
48 years$3,091$1,745$939$487$247$15
49 years$2,993$1,667$883$450$224$13
50 years$2,900$1,592$830$416$203$11

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 $6,468 every year, while hoping to spend $23,271 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: 32/38/30 Blend
44$2,970,000$2,970,000$2,970,000$2,970,000
45$3,279,612$3,122,202$3,076,167$3,354,451
46$3,589,372$3,250,429$3,154,458$3,541,000
47$3,929,948$3,384,160$3,234,592$3,739,302
48$4,304,458$3,523,640$3,316,607$3,952,446
49$4,716,338$3,669,124$3,400,538$4,181,758
50$5,169,374$3,820,880$3,486,426$4,428,692
51$5,667,737$3,979,190$3,574,308$4,694,842
52$6,216,022$4,144,346$3,664,223$4,981,958
53$6,819,292$4,316,655$3,756,211$5,291,960
54$7,483,127$4,496,439$3,850,311$5,626,955
55$8,213,674$4,684,032$3,946,564$5,989,258
56$9,017,705$4,879,786$4,045,011$6,381,410
57$9,902,685$5,084,068$4,145,692$6,806,201
58$10,876,834$5,297,264$4,248,648$7,266,698
59$11,949,216$5,519,774$4,353,923$7,766,269
60$13,129,813$5,752,020$4,461,556$8,308,617
61$14,429,627$5,994,442$4,571,591$8,897,808
62$15,860,780$6,247,501$4,684,071$9,538,314
63$17,436,630$6,511,679$4,799,037$10,235,052
64$19,171,895$6,787,480$4,916,534$10,993,427
65$21,082,794$7,075,432$5,036,604$11,819,381
66$23,187,199$7,376,088$5,159,289$12,719,450
67$25,504,803$7,690,026$5,284,635$13,700,824
68$28,057,306$8,017,851$5,412,684$14,771,410
69$30,868,621$8,360,196$5,543,479$15,939,906
70$33,965,100$8,717,724$5,677,064$17,215,881
71$37,375,777$9,091,129$5,813,483$18,609,866
72$41,132,649$9,481,138$5,952,778$20,133,448
73$45,270,976$9,888,510$6,094,993$21,799,375
74$49,829,610$10,314,042$6,240,169$23,621,679
75$54,851,366$10,758,566$6,388,351$25,615,805
76$60,383,424$11,222,954$6,539,579$27,798,750
77$66,477,775$11,708,120$6,693,896$30,189,226
78$73,191,709$12,215,019$6,851,343$32,807,829
79$80,588,360$12,744,652$7,011,960$35,677,235
80$88,737,299$13,298,067$7,175,787$38,822,407
81$97,715,191$13,876,360$7,342,864$42,270,829
82$107,606,519$14,480,680$7,513,228$46,052,764
83$118,504,381$15,112,229$7,686,918$50,201,533
84$130,511,367$15,772,268$7,863,969$54,753,826
85$143,740,531$16,462,113$8,044,416$59,750,048
86$158,316,455$17,183,147$8,228,294$65,234,692
87$174,376,427$17,936,815$8,415,636$71,256,759
88$192,071,735$18,724,631$8,606,472$77,870,210
89$211,569,095$19,548,181$8,800,831$85,134,480
90$233,052,225$20,409,125$8,998,742$93,115,024
91$256,723,582$21,309,202$9,200,230$101,883,939
92$282,806,269$22,250,234$9,405,319$111,520,632
93$311,546,141$23,234,128$9,614,030$122,112,571
94$343,214,130$24,262,883$9,826,382$133,756,098
95$378,108,797$25,338,590$10,042,392$146,557,338
96$416,559,156$26,463,443$10,262,074$160,633,191
97$458,927,774$27,639,735$10,485,437$176,112,434
98$505,614,198$28,869,873$10,712,490$193,136,922
99$557,058,724$30,156,375$10,943,237$211,862,928
100$613,746,556$31,501,880$11,177,678$232,462,606