Can I retire at age 45 with 2,980,000?

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$246,086$243,894$241,755$239,668$237,629$236,429
2 years$121,825$119,556$117,357$115,225$113,157$111,946
3 years$80,410$78,131$75,938$73,826$71,791$70,607
4 years$59,706$57,435$55,263$53,187$51,202$50,053
5 years$47,287$45,029$42,886$40,853$38,923$37,813
6 years$39,011$36,770$34,659$32,670$30,799$29,729
7 years$33,101$30,879$28,801$26,860$25,047$24,018
8 years$28,671$26,469$24,426$22,532$20,779$19,791
9 years$25,228$23,046$21,038$19,193$17,499$16,552
10 years$22,474$20,314$18,341$16,544$14,910$14,003
11 years$20,223$18,084$16,148$14,398$12,823$11,956
12 years$18,348$16,232$14,331$12,629$11,112$10,284
13 years$16,763$14,669$12,803$11,150$9,690$8,900
14 years$15,405$13,333$11,504$9,898$8,494$7,742
15 years$14,230$12,180$10,386$8,827$7,479$6,763
16 years$13,203$11,175$9,417$7,903$6,610$5,929
17 years$12,297$10,292$8,569$7,101$5,861$5,214
18 years$11,493$9,510$7,822$6,400$5,211$4,598
19 years$10,774$8,814$7,161$5,783$4,645$4,064
20 years$10,128$8,190$6,572$5,237$4,149$3,599
21 years$9,544$7,629$6,045$4,753$3,713$3,193
22 years$9,014$7,121$5,571$4,322$3,328$2,837
23 years$8,531$6,661$5,144$3,936$2,987$2,524
24 years$8,089$6,240$4,757$3,590$2,685$2,248
25 years$7,683$5,856$4,406$3,278$2,416$2,004
26 years$7,309$5,504$4,087$2,998$2,176$1,789
27 years$6,963$5,180$3,795$2,744$1,962$1,598
28 years$6,642$4,881$3,528$2,514$1,771$1,428
29 years$6,344$4,605$3,283$2,305$1,599$1,277
30 years$6,066$4,349$3,058$2,116$1,445$1,143
31 years$5,807$4,111$2,851$1,943$1,306$1,024
32 years$5,564$3,890$2,660$1,786$1,181$917
33 years$5,337$3,684$2,484$1,642$1,069$822
34 years$5,123$3,491$2,320$1,511$968$737
35 years$4,922$3,311$2,169$1,391$877$661
36 years$4,733$3,143$2,029$1,281$794$593
37 years$4,554$2,985$1,900$1,180$720$532
38 years$4,385$2,837$1,779$1,088$653$477
39 years$4,226$2,698$1,667$1,003$592$428
40 years$4,074$2,567$1,562$925$537$385
41 years$3,930$2,443$1,465$854$487$345
42 years$3,794$2,327$1,374$788$442$310
43 years$3,664$2,217$1,289$727$401$279
44 years$3,541$2,113$1,210$671$364$250
45 years$3,423$2,015$1,136$620$331$225
46 years$3,311$1,922$1,067$573$300$202
47 years$3,204$1,835$1,003$529$273$182
48 years$3,101$1,751$942$489$247$163
49 years$3,003$1,672$886$452$225$147
50 years$2,910$1,598$833$418$204$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,980,000, adding $4,980 every year, while hoping to spend $36,647 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: 38/39/23 Blend
44$2,980,000$2,980,000$2,980,000$2,980,000
45$3,289,097$3,131,157$3,084,967$3,391,305
46$3,585,593$3,245,591$3,149,321$3,580,473
47$3,911,103$3,364,405$3,214,603$3,780,990
48$4,268,548$3,487,774$3,280,805$3,996,964
49$4,661,146$3,615,880$3,347,918$4,229,817
50$5,092,440$3,748,916$3,415,931$4,481,108
51$5,566,336$3,887,080$3,484,832$4,752,550
52$6,087,136$4,030,580$3,554,607$5,046,027
53$6,659,577$4,179,633$3,625,240$5,363,609
54$7,288,882$4,334,462$3,696,713$5,707,568
55$7,980,801$4,495,304$3,769,006$6,080,406
56$8,741,672$4,662,404$3,842,097$6,484,871
57$9,578,478$4,836,016$3,915,962$6,923,986
58$10,498,910$5,016,408$3,990,574$7,401,076
59$11,511,444$5,203,857$4,065,904$7,919,795
60$12,625,418$5,398,653$4,141,919$8,484,165
61$13,851,122$5,601,098$4,218,584$9,098,611
62$15,199,891$5,811,507$4,295,861$9,768,000
63$16,684,218$6,030,209$4,373,710$10,497,687
64$18,317,865$6,257,546$4,452,086$11,293,565
65$20,115,997$6,493,876$4,530,941$12,162,121
66$22,095,325$6,739,572$4,610,224$13,110,492
67$24,274,260$6,995,023$4,689,879$14,146,535
68$26,673,091$7,260,635$4,769,846$15,278,897
69$29,314,173$7,536,833$4,850,062$16,517,099
70$32,222,138$7,824,057$4,930,459$17,871,620
71$35,424,130$8,122,771$5,010,964$19,353,999
72$38,950,059$8,433,454$5,091,498$20,976,938
73$42,832,881$8,756,609$5,171,980$22,754,426
74$47,108,914$9,092,762$5,252,320$24,701,864
75$51,818,174$9,442,459$5,332,424$26,836,212
76$57,004,761$9,806,272$5,412,193$29,176,146
77$62,717,264$10,184,797$5,491,520$31,742,233
78$69,009,231$10,578,658$5,570,291$34,557,124
79$75,939,665$10,988,504$5,648,388$37,645,766
80$83,573,585$11,415,015$5,725,683$41,035,634
81$91,982,639$11,858,899$5,802,042$44,756,989
82$101,245,779$12,320,897$5,877,322$48,843,162
83$111,450,009$12,801,781$5,951,372$53,330,869
84$122,691,201$13,302,359$6,024,034$58,260,547
85$135,075,003$13,823,474$6,095,139$63,676,746
86$148,717,836$14,366,007$6,164,509$69,628,533
87$163,747,991$14,930,877$6,231,956$76,169,966
88$180,306,841$15,519,045$6,297,281$83,360,591
89$198,550,176$16,131,515$6,360,277$91,266,008
90$218,649,670$16,769,335$6,420,722$99,958,485
91$240,794,504$17,433,601$6,478,385$109,517,635
92$265,193,153$18,125,457$6,533,020$120,031,170
93$292,075,348$18,846,098$6,584,370$131,595,722
94$321,694,251$19,596,774$6,632,163$144,317,749
95$354,328,840$20,378,791$6,676,116$158,314,545
96$390,286,542$21,193,512$6,715,926$173,715,334
97$429,906,139$22,042,364$6,751,279$190,662,494
98$473,560,961$22,926,836$6,781,843$209,312,891
99$521,662,414$23,848,486$6,807,270$229,839,360
100$574,663,860$24,808,941$6,827,193$252,432,329