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%19.5%
1 years$247,737$245,530$243,378$241,276$239,224$230,096
2 years$122,642$120,358$118,144$115,998$113,916$104,827
3 years$80,949$78,655$76,447$74,321$72,273$63,509
4 years$60,107$57,820$55,634$53,544$51,546$43,174
5 years$47,605$45,332$43,174$41,127$39,184$31,226
6 years$39,273$37,017$34,891$32,890$31,005$23,466
7 years$33,324$31,087$28,995$27,040$25,216$18,092
8 years$28,864$26,647$24,590$22,684$20,919$14,205
9 years$25,397$23,201$21,179$19,321$17,617$11,303
10 years$22,625$20,450$18,465$16,655$15,010$9,085
11 years$20,359$18,206$16,256$14,495$12,909$7,360
12 years$18,471$16,341$14,427$12,714$11,187$5,998
13 years$16,875$14,767$12,889$11,225$9,755$4,912
14 years$15,509$13,423$11,581$9,964$8,551$4,039
15 years$14,326$12,262$10,456$8,886$7,529$3,331
16 years$13,291$11,250$9,480$7,957$6,654$2,754
17 years$12,379$10,361$8,626$7,149$5,900$2,282
18 years$11,570$9,574$7,875$6,443$5,246$1,894
19 years$10,846$8,873$7,209$5,821$4,676$1,574
20 years$10,196$8,245$6,616$5,272$4,177$1,309
21 years$9,608$7,680$6,086$4,785$3,738$1,091
22 years$9,075$7,169$5,609$4,351$3,350$909
23 years$8,589$6,705$5,179$3,962$3,007$758
24 years$8,143$6,282$4,789$3,614$2,703$633
25 years$7,734$5,896$4,436$3,300$2,432$528
26 years$7,358$5,541$4,114$3,018$2,191$441
27 years$7,009$5,215$3,820$2,762$1,975$369
28 years$6,686$4,914$3,551$2,531$1,782$308
29 years$6,386$4,636$3,305$2,321$1,610$257
30 years$6,107$4,378$3,078$2,130$1,454$215
31 years$5,846$4,139$2,870$1,956$1,315$180
32 years$5,601$3,916$2,678$1,798$1,189$151
33 years$5,373$3,708$2,500$1,653$1,076$126
34 years$5,158$3,515$2,336$1,521$975$105
35 years$4,955$3,334$2,184$1,400$883$88
36 years$4,765$3,164$2,043$1,290$800$74
37 years$4,585$3,005$1,912$1,188$725$62
38 years$4,415$2,856$1,791$1,095$657$52
39 years$4,254$2,716$1,678$1,010$596$43
40 years$4,101$2,584$1,573$931$541$36
41 years$3,957$2,460$1,475$859$490$30
42 years$3,819$2,342$1,383$793$445$25
43 years$3,689$2,232$1,298$732$404$21
44 years$3,564$2,127$1,218$676$367$18
45 years$3,446$2,029$1,144$624$333$15
46 years$3,333$1,935$1,074$577$302$12
47 years$3,225$1,847$1,009$533$274$10
48 years$3,122$1,763$949$492$249$9
49 years$3,023$1,684$892$455$226$7
50 years$2,929$1,608$838$421$206$6

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 $5,754 every year, while hoping to spend $56,344 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: 41/50/9 Blend
44$3,000,000$3,000,000$3,000,000$3,000,000
45$3,311,935$3,152,935$3,106,435$3,438,647
46$3,589,803$3,247,479$3,150,551$3,622,453
47$3,894,125$3,344,768$3,194,257$3,815,176
48$4,227,540$3,444,876$3,237,478$4,022,481
49$4,592,954$3,547,880$3,280,139$4,245,715
50$4,993,567$3,653,858$3,322,156$4,486,358
51$5,432,906$3,762,891$3,363,442$4,746,036
52$5,914,851$3,875,062$3,403,907$5,026,540
53$6,443,681$3,990,455$3,443,453$5,329,835
54$7,024,105$4,109,156$3,481,977$5,658,086
55$7,661,312$4,231,253$3,519,371$6,013,675
56$8,361,017$4,356,836$3,555,522$6,399,220
57$9,129,518$4,485,997$3,590,308$6,817,603
58$9,973,749$4,618,832$3,623,604$7,271,997
59$10,901,352$4,755,435$3,655,276$7,765,891
60$11,920,744$4,895,906$3,685,182$8,303,127
61$13,041,199$5,040,345$3,713,175$8,887,935
62$14,272,934$5,188,854$3,739,098$9,524,970
63$15,627,204$5,341,538$3,762,789$10,219,358
64$17,116,410$5,498,505$3,784,073$10,976,742
65$18,754,215$5,659,862$3,802,771$11,803,335
66$20,555,671$5,825,722$3,818,690$12,705,979
67$22,537,365$5,996,198$3,831,632$13,692,210
68$24,717,569$6,171,405$3,841,385$14,770,324
69$27,116,419$6,351,461$3,847,728$15,949,461
70$29,756,097$6,536,486$3,850,430$17,239,684
71$32,661,047$6,726,602$3,849,248$18,652,080
72$35,858,201$6,921,933$3,843,926$20,198,859
73$39,377,236$7,122,606$3,834,195$21,893,471
74$43,250,850$7,328,749$3,819,776$23,750,730
75$47,515,071$7,540,493$3,800,374$25,786,958
76$52,209,602$7,757,971$3,775,680$28,020,132
77$57,378,186$7,981,316$3,745,370$30,470,059
78$63,069,027$8,210,666$3,709,106$33,158,559
79$69,335,239$8,446,160$3,666,532$36,109,668
80$76,235,350$8,687,938$3,617,277$39,349,872
81$83,833,851$8,936,143$3,560,951$42,908,347
82$92,201,808$9,190,918$3,497,147$46,817,240
83$101,417,529$9,452,410$3,425,438$51,111,969
84$111,567,304$9,720,765$3,345,378$55,831,559
85$122,746,220$9,996,134$3,256,499$61,019,005
86$135,059,056$10,278,665$3,158,313$66,721,685
87$148,621,271$10,568,511$3,050,308$72,991,796
88$163,560,097$10,865,825$2,931,950$79,886,855
89$180,015,737$11,170,760$2,802,680$87,470,238
90$198,142,686$11,483,471$2,661,913$95,811,776
91$218,111,192$11,804,113$2,509,039$104,988,416
92$240,108,860$12,132,842$2,343,419$115,084,945
93$264,342,427$12,469,814$2,164,387$126,194,790
94$291,039,705$12,815,185$1,971,244$138,420,898
95$320,451,737$13,169,112$1,763,263$151,876,712
96$352,855,165$13,531,749$1,539,683$166,687,234
97$388,554,839$13,903,252$1,299,710$182,990,210
98$427,886,696$14,283,775$1,042,513$200,937,428
99$471,220,930$14,673,470$767,228$220,696,147
100$518,965,483$15,072,488$472,949$242,450,682