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

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 $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%14%
1 years$247,737$245,530$243,378$241,276$239,224$235,261
2 years$122,642$120,358$118,144$115,998$113,916$109,935
3 years$80,949$78,655$76,447$74,321$72,273$68,398
4 years$60,107$57,820$55,634$53,544$51,546$47,806
5 years$47,605$45,332$43,174$41,127$39,184$35,591
6 years$39,273$37,017$34,891$32,890$31,005$27,563
7 years$33,324$31,087$28,995$27,040$25,216$21,925
8 years$28,864$26,647$24,590$22,684$20,919$17,779
9 years$25,397$23,201$21,179$19,321$17,617$14,626
10 years$22,625$20,450$18,465$16,655$15,010$12,166
11 years$20,359$18,206$16,256$14,495$12,909$10,209
12 years$18,471$16,341$14,427$12,714$11,187$8,627
13 years$16,875$14,767$12,889$11,225$9,755$7,332
14 years$15,509$13,423$11,581$9,964$8,551$6,260
15 years$14,326$12,262$10,456$8,886$7,529$5,366
16 years$13,291$11,250$9,480$7,957$6,654$4,615
17 years$12,379$10,361$8,626$7,149$5,900$3,980
18 years$11,570$9,574$7,875$6,443$5,246$3,440
19 years$10,846$8,873$7,209$5,821$4,676$2,979
20 years$10,196$8,245$6,616$5,272$4,177$2,585
21 years$9,608$7,680$6,086$4,785$3,738$2,246
22 years$9,075$7,169$5,609$4,351$3,350$1,953
23 years$8,589$6,705$5,179$3,962$3,007$1,701
24 years$8,143$6,282$4,789$3,614$2,703$1,483
25 years$7,734$5,896$4,436$3,300$2,432$1,294
26 years$7,358$5,541$4,114$3,018$2,191$1,129
27 years$7,009$5,215$3,820$2,762$1,975$986
28 years$6,686$4,914$3,551$2,531$1,782$862
29 years$6,386$4,636$3,305$2,321$1,610$754
30 years$6,107$4,378$3,078$2,130$1,454$659
31 years$5,846$4,139$2,870$1,956$1,315$577
32 years$5,601$3,916$2,678$1,798$1,189$505
33 years$5,373$3,708$2,500$1,653$1,076$442
34 years$5,158$3,515$2,336$1,521$975$387
35 years$4,955$3,334$2,184$1,400$883$339
36 years$4,765$3,164$2,043$1,290$800$297
37 years$4,585$3,005$1,912$1,188$725$260
38 years$4,415$2,856$1,791$1,095$657$228
39 years$4,254$2,716$1,678$1,010$596$200
40 years$4,101$2,584$1,573$931$541$175
41 years$3,957$2,460$1,475$859$490$154
42 years$3,819$2,342$1,383$793$445$135
43 years$3,689$2,232$1,298$732$404$118
44 years$3,564$2,127$1,218$676$367$104
45 years$3,446$2,029$1,144$624$333$91
46 years$3,333$1,935$1,074$577$302$80
47 years$3,225$1,847$1,009$533$274$70
48 years$3,122$1,763$949$492$249$61
49 years$3,023$1,684$892$455$226$54
50 years$2,929$1,608$838$421$206$47

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 $6,892 every year, while hoping to spend $20,504 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: 87/5/8 Blend
44$3,000,000$3,000,000$3,000,000$3,000,000
45$3,313,109$3,154,109$3,107,609$3,598,113
46$3,629,230$3,286,844$3,189,898$3,917,672
47$3,976,908$3,425,396$3,274,256$4,265,311
48$4,359,341$3,570,029$3,360,732$4,646,767
49$4,780,050$3,721,017$3,449,373$5,065,434
50$5,242,918$3,878,649$3,540,229$5,525,055
51$5,752,220$4,043,227$3,633,351$6,029,747
52$6,312,668$4,215,067$3,728,791$6,584,051
53$6,929,455$4,394,500$3,826,599$7,192,965
54$7,608,299$4,581,871$3,926,831$7,861,995
55$8,355,506$4,777,542$4,029,539$8,597,209
56$9,178,018$4,981,893$4,134,780$9,405,290
57$10,083,490$5,195,320$4,242,609$10,293,600
58$11,080,354$5,418,238$4,353,084$11,270,249
59$12,177,901$5,651,082$4,466,263$12,344,175
60$13,386,368$5,894,307$4,582,205$13,525,221
61$14,717,039$6,148,389$4,700,970$14,824,234
62$16,182,344$6,413,827$4,822,619$16,253,164
63$17,795,981$6,691,143$4,947,215$17,825,175
64$19,573,045$6,980,883$5,074,821$19,554,774
65$21,530,169$7,283,619$5,205,500$21,457,942
66$23,685,680$7,599,950$5,339,318$23,552,289
67$26,059,775$7,930,504$5,476,342$25,857,216
68$28,674,711$8,275,937$5,616,637$28,394,100
69$31,555,010$8,636,936$5,760,273$31,186,496
70$34,727,697$9,014,222$5,907,318$34,260,356
71$38,222,551$9,408,549$6,057,843$37,644,276
72$42,072,389$9,820,705$6,211,918$41,369,766
73$46,313,371$10,251,518$6,369,616$45,471,544
74$50,985,345$10,701,853$6,531,008$49,987,866
75$56,132,223$11,172,616$6,696,170$54,960,884
76$61,802,393$11,664,758$6,865,175$60,437,048
77$68,049,179$12,179,272$7,038,100$66,467,538
78$74,931,339$12,717,200$7,215,020$73,108,751
79$82,513,625$13,279,633$7,396,013$80,422,831
80$90,867,392$13,867,712$7,581,156$88,478,253
81$100,071,271$14,482,635$7,770,530$97,350,475
82$110,211,910$15,125,654$7,964,213$107,122,643
83$121,384,797$15,798,083$8,162,285$117,886,379
84$133,695,152$16,501,295$8,364,828$129,742,642
85$147,258,931$17,236,731$8,571,923$142,802,685
86$162,203,911$18,005,901$8,783,652$157,189,100
87$178,670,904$18,810,384$9,000,098$173,036,979
88$196,815,079$19,651,835$9,221,344$190,495,182
89$216,807,431$20,531,989$9,447,473$209,727,747
90$238,836,396$21,452,664$9,678,570$230,915,438
91$263,109,625$22,415,761$9,914,719$254,257,446
92$289,855,949$23,423,276$10,156,005$279,973,271
93$319,327,536$24,477,297$10,402,511$308,304,793
94$351,802,273$25,580,012$10,654,323$339,518,557
95$387,586,388$26,733,716$10,911,526$373,908,282
96$427,017,341$27,940,810$11,174,204$411,797,640
97$470,467,012$29,203,811$11,442,442$453,543,303
98$518,345,207$30,525,358$11,716,323$499,538,317
99$571,103,530$31,908,213$11,995,933$550,215,805
100$629,239,647$33,355,271$12,281,353$606,053,056