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%11.7%
1 years$246,911$244,712$242,566$240,472$238,427$236,726
2 years$122,233$119,957$117,751$115,611$113,537$111,821
3 years$80,679$78,393$76,192$74,073$72,032$70,356
4 years$59,907$57,627$55,449$53,366$51,374$49,749
5 years$47,446$45,180$43,030$40,990$39,054$37,486
6 years$39,142$36,893$34,775$32,780$30,902$29,393
7 years$33,213$30,983$28,898$26,950$25,131$23,681
8 years$28,768$26,558$24,508$22,608$20,849$19,458
9 years$25,312$23,124$21,109$19,257$17,558$16,226
10 years$22,550$20,382$18,403$16,600$14,960$13,687
11 years$20,291$18,145$16,202$14,447$12,866$11,650
12 years$18,410$16,286$14,379$12,672$11,150$9,990
13 years$16,819$14,718$12,846$11,187$9,723$8,618
14 years$15,457$13,378$11,542$9,931$8,523$7,472
15 years$14,278$12,221$10,421$8,856$7,504$6,505
16 years$13,247$11,213$9,448$7,930$6,632$5,684
17 years$12,338$10,326$8,598$7,125$5,881$4,981
18 years$11,531$9,542$7,849$6,421$5,229$4,377
19 years$10,810$8,844$7,185$5,802$4,660$3,855
20 years$10,162$8,218$6,594$5,255$4,163$3,402
21 years$9,576$7,655$6,065$4,769$3,725$3,007
22 years$9,045$7,145$5,590$4,336$3,339$2,661
23 years$8,560$6,683$5,161$3,949$2,997$2,359
24 years$8,116$6,261$4,773$3,602$2,694$2,093
25 years$7,709$5,876$4,421$3,289$2,424$1,859
26 years$7,333$5,523$4,100$3,008$2,184$1,653
27 years$6,986$5,197$3,808$2,753$1,969$1,470
28 years$6,664$4,897$3,540$2,522$1,777$1,309
29 years$6,365$4,620$3,294$2,313$1,604$1,166
30 years$6,086$4,363$3,068$2,123$1,449$1,040
31 years$5,826$4,125$2,860$1,950$1,310$927
32 years$5,583$3,903$2,669$1,792$1,185$827
33 years$5,355$3,696$2,492$1,648$1,073$738
34 years$5,140$3,503$2,328$1,516$971$659
35 years$4,939$3,323$2,177$1,396$880$588
36 years$4,749$3,154$2,036$1,285$797$526
37 years$4,570$2,995$1,906$1,184$722$470
38 years$4,400$2,846$1,785$1,091$655$420
39 years$4,240$2,707$1,672$1,006$594$375
40 years$4,088$2,575$1,567$928$539$335
41 years$3,944$2,451$1,470$856$489$300
42 years$3,807$2,335$1,379$790$443$268
43 years$3,676$2,224$1,294$730$402$240
44 years$3,553$2,120$1,214$674$365$215
45 years$3,434$2,022$1,140$622$332$192
46 years$3,322$1,929$1,071$575$301$172
47 years$3,214$1,841$1,006$531$273$154
48 years$3,112$1,757$945$491$248$137
49 years$3,013$1,678$889$453$226$123
50 years$2,919$1,603$835$419$205$110

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 $4,220 every year, while hoping to spend $29,950 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: 38/42/20 Blend
44$2,990,000$2,990,000$2,990,000$2,990,000
45$3,299,333$3,140,863$3,094,518$3,404,779
46$3,603,998$3,262,899$3,166,318$3,603,361
47$3,938,736$3,389,910$3,239,519$3,814,691
48$4,306,581$3,522,110$3,314,137$4,042,466
49$4,710,879$3,659,720$3,390,187$4,288,188
50$5,155,313$3,802,970$3,467,683$4,553,504
51$5,643,943$3,952,104$3,546,638$4,840,223
52$6,181,241$4,107,373$3,627,066$5,150,332
53$6,772,134$4,269,041$3,708,980$5,486,014
54$7,422,052$4,437,384$3,792,391$5,849,665
55$8,136,974$4,612,689$3,877,309$6,243,920
56$8,923,492$4,795,257$3,963,745$6,671,671
57$9,788,865$4,985,402$4,051,708$7,136,102
58$10,741,095$5,183,452$4,141,206$7,640,707
59$11,788,996$5,389,751$4,232,245$8,189,331
60$12,942,280$5,604,655$4,324,832$8,786,200
61$14,211,650$5,828,541$4,418,971$9,435,961
62$15,608,897$6,061,798$4,514,666$10,143,727
63$17,147,015$6,304,836$4,611,917$10,915,117
64$18,840,320$6,558,083$4,710,726$11,756,317
65$20,704,588$6,821,984$4,811,090$12,674,129
66$22,757,201$7,097,007$4,913,008$13,676,037
67$25,017,315$7,383,639$5,016,472$14,770,276
68$27,506,035$7,682,392$5,121,478$15,965,908
69$30,246,618$7,993,797$5,228,016$17,272,906
70$33,264,693$8,318,412$5,336,074$18,702,245
71$36,588,498$8,656,821$5,445,638$20,266,004
72$40,249,151$9,009,632$5,556,694$21,977,480
73$44,280,943$9,377,482$5,669,222$23,851,309
74$48,721,659$9,761,038$5,783,200$25,903,603
75$53,612,936$10,160,996$5,898,605$28,152,099
76$59,000,655$10,578,085$6,015,408$30,616,328
77$64,935,376$11,013,066$6,133,579$33,317,790
78$71,472,814$11,466,735$6,253,083$36,280,160
79$78,674,362$11,939,927$6,373,882$39,529,507
80$86,607,675$12,433,511$6,495,935$43,094,537
81$95,347,304$12,948,399$6,619,195$47,006,862
82$104,975,403$13,485,545$6,743,613$51,301,293
83$115,582,503$14,045,945$6,869,132$56,016,171
84$127,268,364$14,630,643$6,995,694$61,193,718
85$140,142,922$15,240,728$7,123,234$66,880,437
86$154,327,319$15,877,344$7,251,682$73,127,547
87$169,955,055$16,541,682$7,380,962$79,991,464
88$187,173,239$17,234,994$7,510,993$87,534,323
89$206,143,986$17,958,584$7,641,688$95,824,571
90$227,045,939$18,713,822$7,772,951$104,937,600
91$250,075,963$19,502,137$7,904,683$114,956,457
92$275,450,996$20,325,027$8,036,775$125,972,625
93$303,410,102$21,184,058$8,169,111$138,086,882
94$334,216,725$22,080,869$8,301,569$151,410,245
95$368,161,175$23,017,176$8,434,016$166,065,011
96$405,563,371$23,994,773$8,566,311$182,185,913
97$446,775,858$25,015,541$8,698,306$199,921,380
98$492,187,138$26,081,444$8,829,841$219,434,933
99$542,225,332$27,194,541$8,960,747$240,906,727
100$597,362,228$28,356,985$9,090,844$264,535,237