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%19.1%
1 years$246,086$243,894$241,755$239,668$237,629$228,925
2 years$121,825$119,556$117,357$115,225$113,157$104,484
3 years$80,410$78,131$75,938$73,826$71,791$63,423
4 years$59,706$57,435$55,263$53,187$51,202$43,202
5 years$47,287$45,029$42,886$40,853$38,923$31,312
6 years$39,011$36,770$34,659$32,670$30,799$23,583
7 years$33,101$30,879$28,801$26,860$25,047$18,224
8 years$28,671$26,469$24,426$22,532$20,779$14,343
9 years$25,228$23,046$21,038$19,193$17,499$11,441
10 years$22,474$20,314$18,341$16,544$14,910$9,219
11 years$20,223$18,084$16,148$14,398$12,823$7,488
12 years$18,348$16,232$14,331$12,629$11,112$6,119
13 years$16,763$14,669$12,803$11,150$9,690$5,025
14 years$15,405$13,333$11,504$9,898$8,494$4,143
15 years$14,230$12,180$10,386$8,827$7,479$3,426
16 years$13,203$11,175$9,417$7,903$6,610$2,841
17 years$12,297$10,292$8,569$7,101$5,861$2,361
18 years$11,493$9,510$7,822$6,400$5,211$1,965
19 years$10,774$8,814$7,161$5,783$4,645$1,638
20 years$10,128$8,190$6,572$5,237$4,149$1,367
21 years$9,544$7,629$6,045$4,753$3,713$1,142
22 years$9,014$7,121$5,571$4,322$3,328$955
23 years$8,531$6,661$5,144$3,936$2,987$799
24 years$8,089$6,240$4,757$3,590$2,685$669
25 years$7,683$5,856$4,406$3,278$2,416$560
26 years$7,309$5,504$4,087$2,998$2,176$470
27 years$6,963$5,180$3,795$2,744$1,962$394
28 years$6,642$4,881$3,528$2,514$1,771$330
29 years$6,344$4,605$3,283$2,305$1,599$277
30 years$6,066$4,349$3,058$2,116$1,445$232
31 years$5,807$4,111$2,851$1,943$1,306$195
32 years$5,564$3,890$2,660$1,786$1,181$163
33 years$5,337$3,684$2,484$1,642$1,069$137
34 years$5,123$3,491$2,320$1,511$968$115
35 years$4,922$3,311$2,169$1,391$877$97
36 years$4,733$3,143$2,029$1,281$794$81
37 years$4,554$2,985$1,900$1,180$720$68
38 years$4,385$2,837$1,779$1,088$653$57
39 years$4,226$2,698$1,667$1,003$592$48
40 years$4,074$2,567$1,562$925$537$40
41 years$3,930$2,443$1,465$854$487$34
42 years$3,794$2,327$1,374$788$442$28
43 years$3,664$2,217$1,289$727$401$24
44 years$3,541$2,113$1,210$671$364$20
45 years$3,423$2,015$1,136$620$331$17
46 years$3,311$1,922$1,067$573$300$14
47 years$3,204$1,835$1,003$529$273$12
48 years$3,101$1,751$942$489$247$10
49 years$3,003$1,672$886$452$225$8
50 years$2,910$1,598$833$418$204$7

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 $6,971 every year, while hoping to spend $30,033 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: 54/27/19 Blend
44$2,980,000$2,980,000$2,980,000$2,980,000
45$3,291,151$3,133,211$3,087,021$3,451,563
46$3,594,893$3,254,783$3,158,481$3,683,702
47$3,928,611$3,381,306$3,231,329$3,932,506
48$4,295,329$3,512,990$3,305,578$4,202,688
49$4,698,382$3,650,056$3,381,244$4,496,296
50$5,141,442$3,792,733$3,458,341$4,815,583
51$5,628,554$3,941,262$3,536,880$5,163,029
52$6,164,176$4,095,894$3,616,875$5,541,360
53$6,753,219$4,256,890$3,698,338$5,953,573
54$7,401,094$4,424,524$3,781,278$6,402,970
55$8,113,762$4,599,082$3,865,708$6,893,179
56$8,897,791$4,780,863$3,951,635$7,428,198
57$9,760,419$4,970,178$4,039,068$8,012,422
58$10,709,619$5,167,354$4,128,014$8,650,689
59$11,754,177$5,372,731$4,218,479$9,348,327
60$12,903,774$5,586,666$4,310,469$10,111,198
61$14,169,075$5,809,529$4,403,986$10,945,755
62$15,561,835$6,041,710$4,499,034$11,859,102
63$17,095,003$6,283,614$4,595,612$12,859,062
64$18,782,848$6,535,666$4,693,720$13,954,246
65$20,641,094$6,798,310$4,793,355$15,154,137
66$22,687,068$7,072,009$4,894,514$16,469,174
67$24,939,858$7,357,247$4,997,190$17,910,854
68$27,420,503$7,654,531$5,101,375$19,491,838
69$30,152,182$7,964,391$5,207,059$21,226,069
70$33,160,438$8,287,380$5,314,229$23,128,900
71$36,473,417$8,624,076$5,422,870$25,217,241
72$40,122,135$8,975,084$5,532,966$27,509,719
73$44,140,767$9,341,038$5,644,494$30,026,844
74$48,566,974$9,722,598$5,757,434$32,791,212
75$53,442,256$10,120,455$5,871,758$35,827,708
76$58,812,342$10,535,334$5,987,438$39,163,745
77$64,727,625$10,967,989$6,104,441$42,829,518
78$71,243,633$11,419,211$6,222,731$46,858,289
79$78,421,559$11,889,828$6,342,268$51,286,697
80$86,328,833$12,380,704$6,463,008$56,155,107
81$95,039,758$12,892,743$6,584,903$61,507,981
82$104,636,218$13,426,892$6,707,902$67,394,305
83$115,208,443$13,984,140$6,831,947$73,868,041
84$126,855,863$14,565,522$6,956,977$80,988,641
85$139,688,050$15,172,121$7,082,924$88,821,601
86$153,825,745$15,805,069$7,209,716$97,439,080
87$169,402,005$16,465,551$7,337,275$106,920,578
88$186,563,453$17,154,807$7,465,518$117,353,681
89$205,471,666$17,874,134$7,594,354$128,834,890
90$226,304,698$18,624,888$7,723,686$141,470,528
91$249,258,758$19,408,489$7,853,411$155,377,737
92$274,550,069$20,226,422$7,983,417$170,685,586
93$302,416,901$21,080,242$8,113,587$187,536,281
94$333,121,825$21,971,574$8,243,793$206,086,511
95$366,954,192$22,902,122$8,373,900$226,508,917
96$404,232,860$23,873,666$8,503,766$248,993,721
97$445,309,205$24,888,069$8,633,236$273,750,520
98$490,570,443$25,947,283$8,762,148$301,010,258
99$540,443,277$27,053,349$8,890,329$331,027,402
100$595,397,932$28,208,404$9,017,596$364,082,344