Can I retire at age 45 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$246,911$244,712$242,566$240,472$238,427$234,380
2 years$122,233$119,957$117,751$115,611$113,537$109,472
3 years$80,679$78,393$76,192$74,073$72,032$68,077
4 years$59,907$57,627$55,449$53,366$51,374$47,558
5 years$47,446$45,180$43,030$40,990$39,054$35,388
6 years$39,142$36,893$34,775$32,780$30,902$27,390
7 years$33,213$30,983$28,898$26,950$25,131$21,775
8 years$28,768$26,558$24,508$22,608$20,849$17,647
9 years$25,312$23,124$21,109$19,257$17,558$14,509
10 years$22,550$20,382$18,403$16,600$14,960$12,062
11 years$20,291$18,145$16,202$14,447$12,866$10,115
12 years$18,410$16,286$14,379$12,672$11,150$8,542
13 years$16,819$14,718$12,846$11,187$9,723$7,255
14 years$15,457$13,378$11,542$9,931$8,523$6,190
15 years$14,278$12,221$10,421$8,856$7,504$5,303
16 years$13,247$11,213$9,448$7,930$6,632$4,557
17 years$12,338$10,326$8,598$7,125$5,881$3,927
18 years$11,531$9,542$7,849$6,421$5,229$3,392
19 years$10,810$8,844$7,185$5,802$4,660$2,935
20 years$10,162$8,218$6,594$5,255$4,163$2,545
21 years$9,576$7,655$6,065$4,769$3,725$2,209
22 years$9,045$7,145$5,590$4,336$3,339$1,920
23 years$8,560$6,683$5,161$3,949$2,997$1,671
24 years$8,116$6,261$4,773$3,602$2,694$1,455
25 years$7,709$5,876$4,421$3,289$2,424$1,269
26 years$7,333$5,523$4,100$3,008$2,184$1,107
27 years$6,986$5,197$3,808$2,753$1,969$966
28 years$6,664$4,897$3,540$2,522$1,777$844
29 years$6,365$4,620$3,294$2,313$1,604$737
30 years$6,086$4,363$3,068$2,123$1,449$644
31 years$5,826$4,125$2,860$1,950$1,310$563
32 years$5,583$3,903$2,669$1,792$1,185$493
33 years$5,355$3,696$2,492$1,648$1,073$431
34 years$5,140$3,503$2,328$1,516$971$377
35 years$4,939$3,323$2,177$1,396$880$330
36 years$4,749$3,154$2,036$1,285$797$289
37 years$4,570$2,995$1,906$1,184$722$253
38 years$4,400$2,846$1,785$1,091$655$221
39 years$4,240$2,707$1,672$1,006$594$194
40 years$4,088$2,575$1,567$928$539$170
41 years$3,944$2,451$1,470$856$489$149
42 years$3,807$2,335$1,379$790$443$130
43 years$3,676$2,224$1,294$730$402$114
44 years$3,553$2,120$1,214$674$365$100
45 years$3,434$2,022$1,140$622$332$88
46 years$3,322$1,929$1,071$575$301$77
47 years$3,214$1,841$1,006$531$273$67
48 years$3,112$1,757$945$491$248$59
49 years$3,013$1,678$889$453$226$52
50 years$2,919$1,603$835$419$205$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,990,000, adding $4,668 every year, while hoping to spend $26,769 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: 69/21/10 Blend
44$2,990,000$2,990,000$2,990,000$2,990,000
45$3,299,795$3,141,325$3,094,980$3,520,562
46$3,607,892$3,266,768$3,170,180$3,793,036
47$3,946,518$3,397,460$3,247,002$4,087,326
48$4,318,758$3,533,631$3,325,472$4,408,555
49$4,728,012$3,675,520$3,405,616$4,759,363
50$5,178,026$3,823,377$3,487,460$5,142,657
51$5,672,925$3,977,462$3,571,030$5,561,634
52$6,217,256$4,138,051$3,656,352$6,019,815
53$6,816,028$4,305,427$3,743,452$6,521,073
54$7,474,760$4,479,891$3,832,355$7,069,674
55$8,199,533$4,661,753$3,923,087$7,670,313
56$8,997,047$4,851,340$4,015,672$8,328,159
57$9,874,684$5,048,994$4,110,135$9,048,903
58$10,840,577$5,255,071$4,206,500$9,838,812
59$11,903,691$5,469,944$4,304,792$10,704,784
60$13,073,899$5,694,003$4,405,035$11,654,418
61$14,362,083$5,927,655$4,507,250$12,696,079
62$15,780,234$6,171,328$4,611,461$13,838,981
63$17,341,562$6,425,468$4,717,689$15,093,271
64$19,060,626$6,690,540$4,825,956$16,470,122
65$20,953,466$6,967,033$4,936,282$17,981,843
66$23,037,759$7,255,457$5,048,687$19,641,987
67$25,332,981$7,556,345$5,163,189$21,465,485
68$27,860,595$7,870,256$5,279,805$23,468,780
69$30,644,251$8,197,774$5,398,554$25,669,987
70$33,710,008$8,539,509$5,519,450$28,089,057
71$37,086,585$8,896,100$5,642,507$30,747,968
72$40,805,624$9,268,216$5,767,738$33,670,931
73$44,901,995$9,656,557$5,895,155$36,884,615
74$49,414,124$10,061,853$6,024,768$40,418,400
75$54,384,351$10,484,871$6,156,585$44,304,651
76$59,859,337$10,926,411$6,290,612$48,579,024
77$65,890,496$11,387,312$6,426,854$53,280,801
78$72,534,487$11,868,451$6,565,314$58,453,255
79$79,853,744$12,370,745$6,705,992$64,144,065
80$87,917,069$12,895,154$6,848,886$70,405,756
81$96,800,278$13,442,684$6,993,991$77,296,199
82$106,586,917$14,014,387$7,141,301$84,879,152
83$117,369,054$14,611,363$7,290,806$93,224,862
84$129,248,142$15,234,765$7,442,492$102,410,727
85$142,335,982$15,885,798$7,596,345$112,522,020
86$156,755,774$16,565,723$7,752,344$123,652,698
87$172,643,283$17,275,864$7,910,468$135,906,281
88$190,148,118$18,017,601$8,070,688$149,396,832
89$209,435,145$18,792,383$8,232,976$164,250,029
90$230,686,045$19,601,725$8,397,295$180,604,346
91$254,101,025$20,447,212$8,563,608$198,612,364
92$279,900,710$21,330,506$8,731,870$218,442,204
93$308,328,226$22,253,345$8,902,031$240,279,111
94$339,651,495$23,217,549$9,074,039$264,327,204
95$374,165,762$24,225,024$9,247,834$290,811,395
96$412,196,384$25,277,763$9,423,350$319,979,511
97$454,101,898$26,377,857$9,600,516$352,104,631
98$500,277,412$27,527,492$9,779,253$387,487,661
99$551,158,328$28,728,959$9,959,478$426,460,167
100$607,224,454$29,984,655$10,141,097$469,387,506