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%12.7%
1 years$246,086$243,894$241,755$239,668$237,629$234,952
2 years$121,825$119,556$117,357$115,225$113,157$110,462
3 years$80,410$78,131$75,938$73,826$71,791$69,162
4 years$59,706$57,435$55,263$53,187$51,202$48,659
5 years$47,287$45,029$42,886$40,853$38,923$36,473
6 years$39,011$36,770$34,659$32,670$30,799$28,445
7 years$33,101$30,879$28,801$26,860$25,047$22,791
8 years$28,671$26,469$24,426$22,532$20,779$18,620
9 years$25,228$23,046$21,038$19,193$17,499$15,436
10 years$22,474$20,314$18,341$16,544$14,910$12,942
11 years$20,223$18,084$16,148$14,398$12,823$10,949
12 years$18,348$16,232$14,331$12,629$11,112$9,329
13 years$16,763$14,669$12,803$11,150$9,690$7,996
14 years$15,405$13,333$11,504$9,898$8,494$6,887
15 years$14,230$12,180$10,386$8,827$7,479$5,956
16 years$13,203$11,175$9,417$7,903$6,610$5,169
17 years$12,297$10,292$8,569$7,101$5,861$4,498
18 years$11,493$9,510$7,822$6,400$5,211$3,925
19 years$10,774$8,814$7,161$5,783$4,645$3,432
20 years$10,128$8,190$6,572$5,237$4,149$3,006
21 years$9,544$7,629$6,045$4,753$3,713$2,637
22 years$9,014$7,121$5,571$4,322$3,328$2,317
23 years$8,531$6,661$5,144$3,936$2,987$2,038
24 years$8,089$6,240$4,757$3,590$2,685$1,795
25 years$7,683$5,856$4,406$3,278$2,416$1,582
26 years$7,309$5,504$4,087$2,998$2,176$1,395
27 years$6,963$5,180$3,795$2,744$1,962$1,231
28 years$6,642$4,881$3,528$2,514$1,771$1,088
29 years$6,344$4,605$3,283$2,305$1,599$961
30 years$6,066$4,349$3,058$2,116$1,445$850
31 years$5,807$4,111$2,851$1,943$1,306$752
32 years$5,564$3,890$2,660$1,786$1,181$665
33 years$5,337$3,684$2,484$1,642$1,069$589
34 years$5,123$3,491$2,320$1,511$968$521
35 years$4,922$3,311$2,169$1,391$877$461
36 years$4,733$3,143$2,029$1,281$794$409
37 years$4,554$2,985$1,900$1,180$720$362
38 years$4,385$2,837$1,779$1,088$653$321
39 years$4,226$2,698$1,667$1,003$592$284
40 years$4,074$2,567$1,562$925$537$252
41 years$3,930$2,443$1,465$854$487$223
42 years$3,794$2,327$1,374$788$442$198
43 years$3,664$2,217$1,289$727$401$176
44 years$3,541$2,113$1,210$671$364$156
45 years$3,423$2,015$1,136$620$331$138
46 years$3,311$1,922$1,067$573$300$122
47 years$3,204$1,835$1,003$529$273$109
48 years$3,101$1,751$942$489$247$96
49 years$3,003$1,672$886$452$225$85
50 years$2,910$1,598$833$418$204$76

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 $3,041 every year, while hoping to spend $21,568 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: 73/11/16 Blend
44$2,980,000$2,980,000$2,980,000$2,980,000
45$3,287,097$3,129,157$3,082,967$3,514,943
46$3,599,432$3,259,537$3,163,298$3,796,756
47$3,942,904$3,395,584$3,245,597$4,102,434
48$4,320,663$3,537,550$3,329,908$4,436,713
49$4,736,185$3,685,705$3,416,274$4,802,426
50$5,193,297$3,840,325$3,504,740$5,202,692
51$5,696,215$4,001,703$3,595,352$5,640,945
52$6,249,588$4,170,145$3,688,154$6,120,965
53$6,858,533$4,345,970$3,783,195$6,646,916
54$7,528,693$4,529,512$3,880,522$7,223,382
55$8,266,283$4,721,121$3,980,182$7,855,412
56$9,078,151$4,921,164$4,082,226$8,548,566
57$9,971,844$5,130,022$4,186,702$9,308,967
58$10,955,677$5,348,098$4,293,662$10,143,358
59$12,038,813$5,575,812$4,403,156$11,059,168
60$13,231,346$5,813,601$4,515,236$12,064,578
61$14,544,402$6,061,926$4,629,954$13,168,598
62$15,990,238$6,321,267$4,747,365$14,381,154
63$17,582,362$6,592,129$4,867,522$15,713,180
64$19,335,659$6,875,039$4,990,480$17,176,718
65$21,266,528$7,170,548$5,116,293$18,785,036
66$23,393,043$7,479,234$5,245,017$20,552,748
67$25,735,118$7,801,701$5,376,710$22,495,955
68$28,314,699$8,138,583$5,511,429$24,632,392
69$31,155,966$8,490,542$5,649,230$26,981,599
70$34,285,568$8,858,271$5,790,172$29,565,103
71$37,732,867$9,242,498$5,934,314$32,406,618
72$41,530,221$9,643,982$6,081,715$35,532,273
73$45,713,286$10,063,520$6,232,435$38,970,853
74$50,321,354$10,501,945$6,386,535$42,754,073
75$55,397,722$10,960,131$6,544,074$46,916,876
76$60,990,103$11,438,990$6,705,113$51,497,759
77$67,151,074$11,939,481$6,869,715$56,539,140
78$73,938,573$12,462,605$7,037,940$62,087,753
79$81,416,447$13,009,412$7,209,850$68,195,093
80$89,655,052$13,581,001$7,385,508$74,917,895
81$98,731,920$14,178,523$7,564,975$82,318,674
82$108,732,488$14,803,183$7,748,314$90,466,310
83$119,750,907$15,456,243$7,935,587$99,436,699
84$131,890,927$16,139,027$8,126,857$109,313,469
85$145,266,880$16,852,918$8,322,185$120,188,763
86$160,004,757$17,599,366$8,521,634$132,164,116
87$176,243,398$18,379,891$8,725,264$145,351,403
88$194,135,802$19,196,083$8,933,139$159,873,901
89$213,850,573$20,049,610$9,145,317$175,867,446
90$235,573,507$20,942,216$9,361,861$193,481,717
91$259,509,351$21,875,731$9,582,830$212,881,644
92$285,883,732$22,852,069$9,808,282$234,248,968
93$314,945,289$23,873,238$10,038,276$257,783,950
94$346,968,020$24,941,338$10,272,870$283,707,261
95$382,253,867$26,058,572$10,512,120$312,262,066
96$421,135,566$27,227,246$10,756,080$343,716,314
97$463,979,790$28,449,778$11,004,805$378,365,266
98$511,190,609$29,728,697$11,258,346$416,534,281
99$563,213,305$31,066,658$11,516,755$458,581,886
100$620,538,576$32,466,438$11,780,080$504,903,156