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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$246,911$244,712$242,566$240,472$238,427$232,852
2 years$122,233$119,957$117,751$115,611$113,537$107,952
3 years$80,679$78,393$76,192$74,073$72,032$66,612
4 years$59,907$57,627$55,449$53,366$51,374$46,160
5 years$47,446$45,180$43,030$40,990$39,054$34,060
6 years$39,142$36,893$34,775$32,780$30,902$26,134
7 years$33,213$30,983$28,898$26,950$25,131$20,591
8 years$28,768$26,558$24,508$22,608$20,849$16,533
9 years$25,312$23,124$21,109$19,257$17,558$13,463
10 years$22,550$20,382$18,403$16,600$14,960$11,083
11 years$20,291$18,145$16,202$14,447$12,866$9,200
12 years$18,410$16,286$14,379$12,672$11,150$7,689
13 years$16,819$14,718$12,846$11,187$9,723$6,461
14 years$15,457$13,378$11,542$9,931$8,523$5,454
15 years$14,278$12,221$10,421$8,856$7,504$4,620
16 years$13,247$11,213$9,448$7,930$6,632$3,926
17 years$12,338$10,326$8,598$7,125$5,881$3,344
18 years$11,531$9,542$7,849$6,421$5,229$2,855
19 years$10,810$8,844$7,185$5,802$4,660$2,442
20 years$10,162$8,218$6,594$5,255$4,163$2,092
21 years$9,576$7,655$6,065$4,769$3,725$1,794
22 years$9,045$7,145$5,590$4,336$3,339$1,540
23 years$8,560$6,683$5,161$3,949$2,997$1,324
24 years$8,116$6,261$4,773$3,602$2,694$1,138
25 years$7,709$5,876$4,421$3,289$2,424$980
26 years$7,333$5,523$4,100$3,008$2,184$844
27 years$6,986$5,197$3,808$2,753$1,969$727
28 years$6,664$4,897$3,540$2,522$1,777$627
29 years$6,365$4,620$3,294$2,313$1,604$540
30 years$6,086$4,363$3,068$2,123$1,449$466
31 years$5,826$4,125$2,860$1,950$1,310$402
32 years$5,583$3,903$2,669$1,792$1,185$347
33 years$5,355$3,696$2,492$1,648$1,073$300
34 years$5,140$3,503$2,328$1,516$971$259
35 years$4,939$3,323$2,177$1,396$880$223
36 years$4,749$3,154$2,036$1,285$797$193
37 years$4,570$2,995$1,906$1,184$722$167
38 years$4,400$2,846$1,785$1,091$655$144
39 years$4,240$2,707$1,672$1,006$594$124
40 years$4,088$2,575$1,567$928$539$107
41 years$3,944$2,451$1,470$856$489$93
42 years$3,807$2,335$1,379$790$443$80
43 years$3,676$2,224$1,294$730$402$69
44 years$3,553$2,120$1,214$674$365$60
45 years$3,434$2,022$1,140$622$332$52
46 years$3,322$1,929$1,071$575$301$45
47 years$3,214$1,841$1,006$531$273$39
48 years$3,112$1,757$945$491$248$33
49 years$3,013$1,678$889$453$226$29
50 years$2,919$1,603$835$419$205$25

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 $4,708 every year, while hoping to spend $53,797 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: 55/25/20 Blend
44$2,990,000$2,990,000$2,990,000$2,990,000
45$3,299,836$3,141,366$3,095,021$3,463,231
46$3,579,180$3,238,054$3,141,465$3,672,157
47$3,885,214$3,337,676$3,187,661$3,893,454
48$4,220,603$3,440,319$3,233,546$4,133,276
49$4,588,284$3,546,074$3,279,048$4,393,411
50$4,991,489$3,655,032$3,324,097$4,675,828
51$5,433,780$3,767,287$3,368,613$4,982,694
52$5,919,079$3,882,938$3,412,515$5,316,395
53$6,451,707$4,002,084$3,455,716$5,679,560
54$7,036,422$4,124,827$3,498,124$6,075,079
55$7,678,468$4,251,275$3,539,642$6,506,139
56$8,383,619$4,381,534$3,580,167$6,976,247
57$9,158,236$4,515,718$3,619,591$7,489,266
58$10,009,329$4,653,940$3,657,800$8,049,450
59$10,944,617$4,796,320$3,694,673$8,661,485
60$11,972,606$4,942,978$3,730,082$9,330,532
61$13,102,666$5,094,038$3,763,894$10,062,275
62$14,345,121$5,249,629$3,795,968$10,862,976
63$15,711,346$5,409,883$3,826,155$11,739,533
64$17,213,870$5,574,934$3,854,298$12,699,544
65$18,866,501$5,744,922$3,880,234$13,751,380
66$20,684,450$5,919,989$3,903,787$14,904,263
67$22,684,477$6,100,282$3,924,777$16,168,351
68$24,885,048$6,285,951$3,943,012$17,554,838
69$27,306,511$6,477,150$3,958,291$19,076,054
70$29,971,283$6,674,038$3,970,401$20,745,586
71$32,904,066$6,876,779$3,979,122$22,578,402
72$36,132,079$7,085,538$3,984,220$24,590,995
73$39,685,310$7,300,489$3,985,451$26,801,537
74$43,596,805$7,521,806$3,982,557$29,230,049
75$47,902,976$7,749,671$3,975,269$31,898,593
76$52,643,944$7,984,270$3,963,305$34,831,477
77$57,863,919$8,225,792$3,946,369$38,055,485
78$63,611,615$8,474,433$3,924,149$41,600,131
79$69,940,713$8,730,393$3,896,321$45,497,936
80$76,910,361$8,993,877$3,862,543$49,784,733
81$84,585,737$9,265,096$3,822,458$54,500,008
82$93,038,663$9,544,267$3,775,691$59,687,273
83$102,348,281$9,831,610$3,721,851$65,394,473
84$112,601,799$10,127,353$3,660,526$71,674,440
85$123,895,318$10,431,728$3,591,289$78,585,392
86$136,334,731$10,744,974$3,513,688$86,191,482
87$150,036,730$11,067,334$3,427,253$94,563,405
88$165,129,903$11,399,060$3,331,492$103,779,060
89$181,755,946$11,740,407$3,225,890$113,924,293
90$200,071,004$12,091,638$3,109,909$125,093,700
91$220,247,140$12,453,022$2,982,984$137,391,524
92$242,473,962$12,824,833$2,844,528$150,932,636
93$266,960,410$13,207,355$2,693,924$165,843,622
94$293,936,731$13,600,874$2,530,530$182,263,978
95$323,656,647$14,005,686$2,353,672$200,347,424
96$356,399,753$14,422,092$2,162,647$220,263,357
97$392,474,154$14,850,402$1,956,723$242,198,449
98$432,219,376$15,290,930$1,735,131$266,358,412
99$476,009,566$15,743,998$1,497,071$292,969,935
100$524,257,024$16,209,937$1,241,706$322,282,828