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%13.6%
1 years$247,737$245,530$243,378$241,276$239,224$235,649
2 years$122,642$120,358$118,144$115,998$113,916$110,323
3 years$80,949$78,655$76,447$74,321$72,273$68,773
4 years$60,107$57,820$55,634$53,544$51,546$48,165
5 years$47,605$45,332$43,174$41,127$39,184$35,934
6 years$39,273$37,017$34,891$32,890$31,005$27,888
7 years$33,324$31,087$28,995$27,040$25,216$22,233
8 years$28,864$26,647$24,590$22,684$20,919$18,071
9 years$25,397$23,201$21,179$19,321$17,617$14,901
10 years$22,625$20,450$18,465$16,655$15,010$12,426
11 years$20,359$18,206$16,256$14,495$12,909$10,453
12 years$18,471$16,341$14,427$12,714$11,187$8,856
13 years$16,875$14,767$12,889$11,225$9,755$7,546
14 years$15,509$13,423$11,581$9,964$8,551$6,460
15 years$14,326$12,262$10,456$8,886$7,529$5,553
16 years$13,291$11,250$9,480$7,957$6,654$4,789
17 years$12,379$10,361$8,626$7,149$5,900$4,141
18 years$11,570$9,574$7,875$6,443$5,246$3,590
19 years$10,846$8,873$7,209$5,821$4,676$3,118
20 years$10,196$8,245$6,616$5,272$4,177$2,714
21 years$9,608$7,680$6,086$4,785$3,738$2,365
22 years$9,075$7,169$5,609$4,351$3,350$2,063
23 years$8,589$6,705$5,179$3,962$3,007$1,802
24 years$8,143$6,282$4,789$3,614$2,703$1,576
25 years$7,734$5,896$4,436$3,300$2,432$1,379
26 years$7,358$5,541$4,114$3,018$2,191$1,208
27 years$7,009$5,215$3,820$2,762$1,975$1,059
28 years$6,686$4,914$3,551$2,531$1,782$928
29 years$6,386$4,636$3,305$2,321$1,610$814
30 years$6,107$4,378$3,078$2,130$1,454$715
31 years$5,846$4,139$2,870$1,956$1,315$627
32 years$5,601$3,916$2,678$1,798$1,189$551
33 years$5,373$3,708$2,500$1,653$1,076$484
34 years$5,158$3,515$2,336$1,521$975$425
35 years$4,955$3,334$2,184$1,400$883$374
36 years$4,765$3,164$2,043$1,290$800$329
37 years$4,585$3,005$1,912$1,188$725$289
38 years$4,415$2,856$1,791$1,095$657$254
39 years$4,254$2,716$1,678$1,010$596$223
40 years$4,101$2,584$1,573$931$541$196
41 years$3,957$2,460$1,475$859$490$173
42 years$3,819$2,342$1,383$793$445$152
43 years$3,689$2,232$1,298$732$404$134
44 years$3,564$2,127$1,218$676$367$118
45 years$3,446$2,029$1,144$624$333$104
46 years$3,333$1,935$1,074$577$302$91
47 years$3,225$1,847$1,009$533$274$80
48 years$3,122$1,763$949$492$249$71
49 years$3,023$1,684$892$455$226$62
50 years$2,929$1,608$838$421$206$55

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 $2,405 every year, while hoping to spend $52,249 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: 55/40/5 Blend
44$3,000,000$3,000,000$3,000,000$3,000,000
45$3,308,481$3,149,481$3,102,981$3,486,947
46$3,590,353$3,248,213$3,151,338$3,706,210
47$3,899,226$3,350,032$3,199,564$3,938,768
48$4,237,797$3,455,033$3,247,600$4,190,657
49$4,609,039$3,563,316$3,295,381$4,463,716
50$5,016,225$3,674,984$3,342,841$4,759,968
51$5,462,963$3,790,140$3,389,909$5,081,641
52$5,953,222$3,908,895$3,436,508$5,431,183
53$6,491,379$4,031,359$3,482,559$5,811,289
54$7,082,252$4,157,648$3,527,977$6,224,923
55$7,731,150$4,287,880$3,572,673$6,675,349
56$8,443,921$4,422,180$3,616,550$7,166,158
57$9,227,006$4,560,672$3,659,510$7,701,301
58$10,087,502$4,703,487$3,701,445$8,285,131
59$11,033,229$4,850,759$3,742,245$8,922,436
60$12,072,799$5,002,627$3,781,791$9,618,490
61$13,215,701$5,159,232$3,819,958$10,379,096
62$14,472,392$5,320,724$3,856,616$11,210,648
63$15,854,388$5,487,252$3,891,625$12,120,183
64$17,374,381$5,658,972$3,924,840$13,115,451
65$19,046,353$5,836,047$3,956,107$14,204,986
66$20,885,710$6,018,642$3,985,265$15,398,188
67$22,909,424$6,206,928$4,012,144$16,705,407
68$25,136,199$6,401,081$4,036,564$18,138,043
69$27,586,640$6,601,282$4,058,338$19,708,654
70$30,283,453$6,807,720$4,077,267$21,431,068
71$33,251,654$7,020,588$4,093,144$23,320,519
72$36,518,809$7,240,083$4,105,751$25,393,788
73$40,115,292$7,466,411$4,114,858$27,669,358
74$44,074,570$7,699,784$4,120,225$30,167,590
75$48,433,522$7,940,419$4,121,598$32,910,915
76$53,232,782$8,188,540$4,118,712$35,924,042
77$58,517,126$8,444,379$4,111,289$39,234,193
78$64,335,894$8,708,174$4,099,038$42,871,358
79$70,743,451$8,980,171$4,081,652$46,868,575
80$77,799,706$9,260,622$4,058,810$51,262,245
81$85,570,672$9,549,789$4,030,177$56,092,472
82$94,129,092$9,847,940$3,995,399$61,403,438
83$103,555,123$10,155,352$3,954,108$67,243,825
84$113,937,091$10,472,311$3,905,916$73,667,269
85$125,372,330$10,799,109$3,850,420$80,732,864
86$137,968,093$11,136,051$3,787,195$88,505,725
87$151,842,570$11,483,449$3,715,797$97,057,592
88$167,125,997$11,841,623$3,635,762$106,467,515
89$183,961,892$12,210,906$3,546,603$116,822,593
90$202,508,404$12,591,639$3,447,812$128,218,798
91$222,939,804$12,984,173$3,338,857$140,761,877
92$245,448,138$13,388,870$3,219,182$154,568,352
93$270,245,028$13,806,105$3,088,205$169,766,615
94$297,563,678$14,236,262$2,945,318$186,498,141
95$327,661,071$14,679,736$2,789,883$204,918,821
96$360,820,394$15,136,936$2,621,238$225,200,432
97$397,353,711$15,608,283$2,438,686$247,532,258
98$437,604,910$16,094,210$2,241,503$272,122,874
99$481,952,946$16,595,162$2,028,929$299,202,114
100$530,815,421$17,111,599$1,800,172$329,023,237