Can I retire at age 45 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$247,737$245,530$243,378$241,276$239,224$232,874
2 years$122,642$120,358$118,144$115,998$113,916$107,563
3 years$80,949$78,655$76,447$74,321$72,273$66,116
4 years$60,107$57,820$55,634$53,544$51,546$45,631
5 years$47,605$45,332$43,174$41,127$39,184$33,529
6 years$39,273$37,017$34,891$32,890$31,005$25,615
7 years$33,324$31,087$28,995$27,040$25,216$20,090
8 years$28,864$26,647$24,590$22,684$20,919$16,056
9 years$25,397$23,201$21,179$19,321$17,617$13,012
10 years$22,625$20,450$18,465$16,655$15,010$10,658
11 years$20,359$18,206$16,256$14,495$12,909$8,802
12 years$18,471$16,341$14,427$12,714$11,187$7,318
13 years$16,875$14,767$12,889$11,225$9,755$6,117
14 years$15,509$13,423$11,581$9,964$8,551$5,135
15 years$14,326$12,262$10,456$8,886$7,529$4,326
16 years$13,291$11,250$9,480$7,957$6,654$3,655
17 years$12,379$10,361$8,626$7,149$5,900$3,095
18 years$11,570$9,574$7,875$6,443$5,246$2,627
19 years$10,846$8,873$7,209$5,821$4,676$2,233
20 years$10,196$8,245$6,616$5,272$4,177$1,901
21 years$9,608$7,680$6,086$4,785$3,738$1,621
22 years$9,075$7,169$5,609$4,351$3,350$1,383
23 years$8,589$6,705$5,179$3,962$3,007$1,181
24 years$8,143$6,282$4,789$3,614$2,703$1,009
25 years$7,734$5,896$4,436$3,300$2,432$863
26 years$7,358$5,541$4,114$3,018$2,191$739
27 years$7,009$5,215$3,820$2,762$1,975$632
28 years$6,686$4,914$3,551$2,531$1,782$541
29 years$6,386$4,636$3,305$2,321$1,610$464
30 years$6,107$4,378$3,078$2,130$1,454$397
31 years$5,846$4,139$2,870$1,956$1,315$341
32 years$5,601$3,916$2,678$1,798$1,189$292
33 years$5,373$3,708$2,500$1,653$1,076$250
34 years$5,158$3,515$2,336$1,521$975$215
35 years$4,955$3,334$2,184$1,400$883$184
36 years$4,765$3,164$2,043$1,290$800$158
37 years$4,585$3,005$1,912$1,188$725$136
38 years$4,415$2,856$1,791$1,095$657$116
39 years$4,254$2,716$1,678$1,010$596$100
40 years$4,101$2,584$1,573$931$541$86
41 years$3,957$2,460$1,475$859$490$73
42 years$3,819$2,342$1,383$793$445$63
43 years$3,689$2,232$1,298$732$404$54
44 years$3,564$2,127$1,218$676$367$46
45 years$3,446$2,029$1,144$624$333$40
46 years$3,333$1,935$1,074$577$302$34
47 years$3,225$1,847$1,009$533$274$29
48 years$3,122$1,763$949$492$249$25
49 years$3,023$1,684$892$455$226$22
50 years$2,929$1,608$838$421$206$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,000,000, adding $6,276 every year, while hoping to spend $45,973 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: 24/50/26 Blend
44$3,000,000$3,000,000$3,000,000$3,000,000
45$3,312,474$3,153,474$3,106,974$3,364,581
46$3,601,431$3,259,079$3,162,142$3,514,415
47$3,918,321$3,368,318$3,217,618$3,670,518
48$4,265,945$3,481,321$3,273,364$3,836,798
49$4,647,387$3,598,221$3,329,337$4,014,131
50$5,066,045$3,719,158$3,385,494$4,203,477
51$5,525,661$3,844,277$3,441,788$4,405,888
52$6,030,360$3,973,727$3,498,169$4,622,521
53$6,584,681$4,107,665$3,554,582$4,854,645
54$7,193,629$4,246,251$3,610,971$5,103,650
55$7,862,715$4,389,653$3,667,275$5,371,068
56$8,598,011$4,538,045$3,723,427$5,658,576
57$9,406,206$4,691,607$3,779,360$5,968,022
58$10,294,669$4,850,526$3,834,999$6,301,432
59$11,271,520$5,014,996$3,890,266$6,661,034
60$12,345,704$5,185,220$3,945,079$7,049,278
61$13,527,076$5,361,406$3,999,349$7,468,857
62$14,826,495$5,543,772$4,052,984$7,922,732
63$16,255,924$5,732,543$4,105,885$8,414,159
64$17,828,543$5,927,953$4,157,948$8,946,718
65$19,558,877$6,130,245$4,209,062$9,524,350
66$21,462,928$6,339,672$4,259,111$10,151,386
67$23,558,327$6,556,496$4,307,971$10,832,596
68$25,864,501$6,780,989$4,355,513$11,573,225
69$28,402,856$7,013,434$4,401,598$12,379,046
70$31,196,979$7,254,124$4,446,084$13,256,413
71$34,272,860$7,503,365$4,488,816$14,212,318
72$37,659,134$7,761,472$4,529,634$15,254,458
73$41,387,357$8,028,776$4,568,368$16,391,307
74$45,492,300$8,305,618$4,604,841$17,632,192
75$50,012,274$8,592,353$4,638,863$18,987,381
76$54,989,499$8,889,351$4,670,237$20,468,182
77$60,470,493$9,196,995$4,698,756$22,087,043
78$66,506,519$9,515,683$4,724,200$23,857,673
79$73,154,063$9,845,830$4,746,339$25,795,166
80$80,475,368$10,187,867$4,764,932$27,916,147
81$88,539,023$10,542,241$4,779,726$30,238,922
82$97,420,610$10,909,416$4,790,452$32,783,653
83$107,203,412$11,289,877$4,796,832$35,572,546
84$117,979,205$11,684,127$4,798,572$38,630,059
85$129,849,123$12,092,688$4,795,363$41,983,132
86$142,924,608$12,516,104$4,786,881$45,661,436
87$157,328,464$12,954,939$4,772,788$49,697,658
88$173,196,019$13,409,783$4,752,728$54,127,801
89$190,676,395$13,881,245$4,726,327$58,991,525
90$209,933,923$14,369,961$4,693,195$64,332,523
91$231,149,688$14,876,594$4,652,921$70,198,923
92$254,523,240$15,401,831$4,605,078$76,643,750
93$280,274,477$15,946,387$4,549,215$83,725,416
94$308,645,721$16,511,007$4,484,861$91,508,275
95$339,904,004$17,096,466$4,411,523$100,063,226
96$374,343,589$17,703,570$4,328,686$109,468,381
97$412,288,748$18,333,157$4,235,809$119,809,797
98$454,096,819$18,986,101$4,132,327$131,182,290
99$500,161,583$19,663,309$4,017,650$143,690,326
100$550,916,981$20,365,727$3,891,157$157,449,002