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%14.8%
1 years$246,911$244,712$242,566$240,472$238,427$233,708
2 years$122,233$119,957$117,751$115,611$113,537$108,803
3 years$80,679$78,393$76,192$74,073$72,032$67,431
4 years$59,907$57,627$55,449$53,366$51,374$46,940
5 years$47,446$45,180$43,030$40,990$39,054$34,800
6 years$39,142$36,893$34,775$32,780$30,902$26,833
7 years$33,213$30,983$28,898$26,950$25,131$21,249
8 years$28,768$26,558$24,508$22,608$20,849$17,151
9 years$25,312$23,124$21,109$19,257$17,558$14,042
10 years$22,550$20,382$18,403$16,600$14,960$11,624
11 years$20,291$18,145$16,202$14,447$12,866$9,705
12 years$18,410$16,286$14,379$12,672$11,150$8,158
13 years$16,819$14,718$12,846$11,187$9,723$6,897
14 years$15,457$13,378$11,542$9,931$8,523$5,857
15 years$14,278$12,221$10,421$8,856$7,504$4,993
16 years$13,247$11,213$9,448$7,930$6,632$4,270
17 years$12,338$10,326$8,598$7,125$5,881$3,661
18 years$11,531$9,542$7,849$6,421$5,229$3,146
19 years$10,810$8,844$7,185$5,802$4,660$2,709
20 years$10,162$8,218$6,594$5,255$4,163$2,336
21 years$9,576$7,655$6,065$4,769$3,725$2,017
22 years$9,045$7,145$5,590$4,336$3,339$1,744
23 years$8,560$6,683$5,161$3,949$2,997$1,509
24 years$8,116$6,261$4,773$3,602$2,694$1,308
25 years$7,709$5,876$4,421$3,289$2,424$1,133
26 years$7,333$5,523$4,100$3,008$2,184$983
27 years$6,986$5,197$3,808$2,753$1,969$853
28 years$6,664$4,897$3,540$2,522$1,777$741
29 years$6,365$4,620$3,294$2,313$1,604$644
30 years$6,086$4,363$3,068$2,123$1,449$559
31 years$5,826$4,125$2,860$1,950$1,310$486
32 years$5,583$3,903$2,669$1,792$1,185$423
33 years$5,355$3,696$2,492$1,648$1,073$368
34 years$5,140$3,503$2,328$1,516$971$320
35 years$4,939$3,323$2,177$1,396$880$278
36 years$4,749$3,154$2,036$1,285$797$242
37 years$4,570$2,995$1,906$1,184$722$211
38 years$4,400$2,846$1,785$1,091$655$183
39 years$4,240$2,707$1,672$1,006$594$160
40 years$4,088$2,575$1,567$928$539$139
41 years$3,944$2,451$1,470$856$489$121
42 years$3,807$2,335$1,379$790$443$105
43 years$3,676$2,224$1,294$730$402$92
44 years$3,553$2,120$1,214$674$365$80
45 years$3,434$2,022$1,140$622$332$70
46 years$3,322$1,929$1,071$575$301$61
47 years$3,214$1,841$1,006$531$273$53
48 years$3,112$1,757$945$491$248$46
49 years$3,013$1,678$889$453$226$40
50 years$2,919$1,603$835$419$205$35

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 $5,299 every year, while hoping to spend $42,031 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: 45/32/23 Blend
44$2,990,000$2,990,000$2,990,000$2,990,000
45$3,300,446$3,141,976$3,095,631$3,426,858
46$3,592,371$3,251,212$3,154,614$3,625,789
47$3,912,663$3,364,392$3,214,164$3,836,868
48$4,264,172$3,481,665$3,274,256$4,064,932
49$4,650,037$3,603,185$3,334,862$4,311,584
50$5,073,713$3,729,114$3,395,953$4,578,586
51$5,539,010$3,859,618$3,457,495$4,867,874
52$6,050,122$3,994,873$3,519,454$5,181,578
53$6,611,670$4,135,057$3,581,792$5,522,043
54$7,228,746$4,280,361$3,644,468$5,891,846
55$7,906,959$4,430,979$3,707,438$6,293,825
56$8,652,487$4,587,115$3,770,655$6,731,100
57$9,472,138$4,748,981$3,834,070$7,207,107
58$10,373,412$4,916,797$3,897,627$7,725,626
59$11,364,572$5,090,792$3,961,269$8,290,819
60$12,454,722$5,271,205$4,024,935$8,907,265
61$13,653,892$5,458,283$4,088,560$9,580,006
62$14,973,135$5,652,285$4,152,073$10,314,594
63$16,424,627$5,853,479$4,215,399$11,117,139
64$18,021,784$6,062,144$4,278,460$11,994,370
65$19,779,390$6,278,573$4,341,172$12,953,695
66$21,713,732$6,503,067$4,403,446$14,003,272
67$23,842,757$6,735,942$4,465,186$15,152,084
68$26,186,241$6,977,526$4,526,292$16,410,026
69$28,765,974$7,228,161$4,586,659$17,787,990
70$31,605,964$7,488,202$4,646,173$19,297,978
71$34,732,668$7,758,019$4,704,716$20,953,204
72$38,175,237$8,037,999$4,762,160$22,768,225
73$41,965,793$8,328,543$4,818,374$24,759,072
74$46,139,731$8,630,068$4,873,217$26,943,406
75$50,736,053$8,943,012$4,926,540$29,340,679
76$55,797,738$9,267,827$4,978,186$31,972,318
77$61,372,143$9,604,986$5,027,991$34,861,930
78$67,511,452$9,954,981$5,075,780$38,035,514
79$74,273,171$10,318,325$5,121,369$41,521,718
80$81,720,665$10,695,554$5,164,565$45,352,098
81$89,923,759$11,087,223$5,205,165$49,561,419
82$98,959,399$11,493,912$5,242,954$54,187,982
83$108,912,371$11,916,228$5,277,706$59,273,982
84$119,876,108$12,354,798$5,309,184$64,865,909
85$131,953,569$12,810,281$5,337,140$71,014,981
86$145,258,209$13,283,361$5,361,310$77,777,627
87$159,915,051$13,774,750$5,381,419$85,216,023
88$176,061,867$14,285,194$5,397,177$93,398,669
89$193,850,476$14,815,467$5,408,282$102,401,041
90$213,448,178$15,366,378$5,414,412$112,306,298
91$235,039,331$15,938,770$5,415,234$123,206,069
92$258,827,095$16,533,521$5,410,396$135,201,311
93$285,035,343$17,151,548$5,399,529$148,403,264
94$313,910,781$17,793,807$5,382,246$162,934,498
95$345,725,271$18,461,295$5,358,142$178,930,069
96$380,778,401$19,155,050$5,326,791$196,538,790
97$419,400,308$19,876,157$5,287,749$215,924,634
98$461,954,798$20,625,748$5,240,548$237,268,284
99$508,842,780$21,405,002$5,184,699$260,768,828
100$560,506,047$22,215,151$5,119,689$286,645,644