Can I retire at age 45 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$255,995$253,715$251,490$249,319$247,198$245,332
2 years$126,730$124,370$122,083$119,865$117,714$115,832
3 years$83,648$81,277$78,996$76,799$74,682$72,844
4 years$62,110$59,747$57,489$55,329$53,264$51,483
5 years$49,192$46,843$44,613$42,498$40,490$38,771
6 years$40,582$38,251$36,054$33,986$32,039$30,384
7 years$34,434$32,123$29,961$27,942$26,056$24,467
8 years$29,826$27,535$25,410$23,440$21,616$20,092
9 years$26,243$23,974$21,885$19,965$18,204$16,745
10 years$23,379$21,132$19,080$17,210$15,511$14,116
11 years$21,037$18,813$16,798$14,978$13,340$12,008
12 years$19,087$16,885$14,908$13,138$11,560$10,290
13 years$17,438$15,259$13,319$11,599$10,080$8,871
14 years$16,026$13,870$11,967$10,296$8,836$7,686
15 years$14,803$12,671$10,805$9,182$7,780$6,688
16 years$13,734$11,625$9,796$8,222$6,876$5,839
17 years$12,792$10,706$8,914$7,387$6,097$5,114
18 years$11,956$9,893$8,137$6,657$5,421$4,491
19 years$11,208$9,169$7,449$6,015$4,832$3,952
20 years$10,536$8,520$6,837$5,448$4,316$3,485
21 years$9,929$7,936$6,288$4,945$3,862$3,078
22 years$9,377$7,408$5,796$4,496$3,462$2,722
23 years$8,875$6,929$5,351$4,094$3,108$2,411
24 years$8,415$6,492$4,949$3,734$2,793$2,138
25 years$7,992$6,092$4,584$3,410$2,514$1,897
26 years$7,603$5,726$4,251$3,118$2,264$1,685
27 years$7,243$5,389$3,948$2,854$2,041$1,498
28 years$6,909$5,078$3,670$2,615$1,842$1,333
29 years$6,599$4,790$3,415$2,398$1,663$1,187
30 years$6,310$4,524$3,181$2,201$1,503$1,057
31 years$6,041$4,276$2,966$2,021$1,359$942
32 years$5,788$4,046$2,767$1,858$1,229$839
33 years$5,552$3,832$2,584$1,708$1,112$748
34 years$5,329$3,632$2,414$1,572$1,007$668
35 years$5,120$3,445$2,257$1,447$912$596
36 years$4,924$3,270$2,111$1,333$826$532
37 years$4,738$3,105$1,976$1,228$749$475
38 years$4,562$2,951$1,850$1,132$679$424
39 years$4,396$2,806$1,734$1,043$616$378
40 years$4,238$2,670$1,625$962$559$338
41 years$4,089$2,542$1,524$888$507$302
42 years$3,947$2,420$1,429$819$460$270
43 years$3,812$2,306$1,341$756$417$241
44 years$3,683$2,198$1,259$698$379$215
45 years$3,561$2,096$1,182$645$344$193
46 years$3,444$2,000$1,110$596$312$172
47 years$3,333$1,908$1,043$550$283$154
48 years$3,226$1,822$980$509$257$138
49 years$3,124$1,740$921$470$234$123
50 years$3,027$1,662$866$435$212$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,100,000, adding $5,105 every year, while hoping to spend $42,732 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: 41/47/12 Blend
44$3,100,000$3,100,000$3,100,000$3,100,000
45$3,421,466$3,257,166$3,209,116$3,549,399
46$3,724,989$3,371,300$3,271,155$3,753,997
47$4,058,039$3,489,595$3,333,840$3,970,671
48$4,423,583$3,612,210$3,397,147$4,204,237
49$4,824,888$3,739,308$3,461,052$4,456,248
50$5,265,555$3,871,062$3,525,525$4,728,414
51$5,749,549$4,007,651$3,590,537$5,022,609
52$6,281,237$4,149,261$3,656,055$5,340,894
53$6,865,433$4,296,084$3,722,042$5,685,536
54$7,507,437$4,448,322$3,788,460$6,059,024
55$8,213,090$4,606,184$3,855,268$6,464,095
56$8,988,827$4,769,888$3,922,421$6,903,758
57$9,841,735$4,939,661$3,989,870$7,381,322
58$10,779,626$5,115,738$4,057,564$7,900,425
59$11,811,103$5,298,365$4,125,448$8,465,070
60$12,945,648$5,487,797$4,193,463$9,079,658
61$14,193,705$5,684,300$4,261,546$9,749,034
62$15,566,784$5,888,152$4,329,628$10,478,524
63$17,077,565$6,099,640$4,397,639$11,273,991
64$18,740,018$6,319,064$4,465,502$12,141,887
65$20,569,539$6,546,737$4,533,136$13,089,311
66$22,583,089$6,782,985$4,600,453$14,124,077
67$24,799,359$7,028,145$4,667,362$15,254,785
68$27,238,940$7,282,572$4,733,766$16,490,901
69$29,924,526$7,546,631$4,799,561$17,842,847
70$32,881,118$7,820,707$4,864,637$19,322,094
71$36,136,268$8,105,198$4,928,878$20,941,273
72$39,720,334$8,400,519$4,992,162$22,714,290
73$43,666,767$8,707,103$5,054,358$24,656,457
74$48,012,427$9,025,400$5,115,329$26,784,633
75$52,797,931$9,355,882$5,174,929$29,117,383
76$58,068,036$9,699,036$5,233,005$31,675,152
77$63,872,060$10,055,373$5,289,395$34,480,455
78$70,264,349$10,425,425$5,343,929$37,558,087
79$77,304,788$10,809,746$5,396,426$40,935,357
80$85,059,365$11,208,913$5,446,695$44,642,340
81$93,600,799$11,623,528$5,494,538$48,712,165
82$103,009,218$12,054,219$5,539,743$53,181,319
83$113,372,922$12,501,639$5,582,088$58,089,992
84$124,789,212$12,966,471$5,621,340$63,482,455
85$137,365,309$13,449,426$5,657,252$69,407,473
86$151,219,368$13,951,245$5,689,567$75,918,764
87$166,481,588$14,472,701$5,718,012$83,075,503
88$183,295,448$15,014,601$5,742,303$90,942,878
89$201,819,052$15,577,784$5,762,139$99,592,702
90$222,226,629$16,163,130$5,777,204$109,104,088
91$244,710,172$16,771,551$5,787,168$119,564,195
92$269,481,255$17,404,002$5,791,683$131,069,041
93$296,773,024$18,061,478$5,790,385$143,724,413
94$326,842,400$18,745,019$5,782,891$157,646,859
95$359,972,506$19,455,706$5,768,799$172,964,784
96$396,475,337$20,194,671$5,747,689$189,819,657
97$436,694,705$20,963,093$5,719,120$208,367,349
98$481,009,482$21,762,202$5,682,628$228,779,590
99$529,837,182$22,593,283$5,637,729$251,245,596
100$583,637,897$23,457,676$5,583,915$275,973,843