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%15.9%
1 years$255,995$253,715$251,490$249,319$247,198$241,222
2 years$126,730$124,370$122,083$119,865$117,714$111,729
3 years$83,648$81,277$78,996$76,799$74,682$68,876
4 years$62,110$59,747$57,489$55,329$53,264$47,680
5 years$49,192$46,843$44,613$42,498$40,490$35,145
6 years$40,582$38,251$36,054$33,986$32,039$26,938
7 years$34,434$32,123$29,961$27,942$26,056$21,200
8 years$29,826$27,535$25,410$23,440$21,616$17,002
9 years$26,243$23,974$21,885$19,965$18,204$13,829
10 years$23,379$21,132$19,080$17,210$15,511$11,369
11 years$21,037$18,813$16,798$14,978$13,340$9,426
12 years$19,087$16,885$14,908$13,138$11,560$7,868
13 years$17,438$15,259$13,319$11,599$10,080$6,603
14 years$16,026$13,870$11,967$10,296$8,836$5,565
15 years$14,803$12,671$10,805$9,182$7,780$4,708
16 years$13,734$11,625$9,796$8,222$6,876$3,995
17 years$12,792$10,706$8,914$7,387$6,097$3,398
18 years$11,956$9,893$8,137$6,657$5,421$2,897
19 years$11,208$9,169$7,449$6,015$4,832$2,474
20 years$10,536$8,520$6,837$5,448$4,316$2,116
21 years$9,929$7,936$6,288$4,945$3,862$1,812
22 years$9,377$7,408$5,796$4,496$3,462$1,553
23 years$8,875$6,929$5,351$4,094$3,108$1,333
24 years$8,415$6,492$4,949$3,734$2,793$1,144
25 years$7,992$6,092$4,584$3,410$2,514$983
26 years$7,603$5,726$4,251$3,118$2,264$846
27 years$7,243$5,389$3,948$2,854$2,041$727
28 years$6,909$5,078$3,670$2,615$1,842$626
29 years$6,599$4,790$3,415$2,398$1,663$539
30 years$6,310$4,524$3,181$2,201$1,503$464
31 years$6,041$4,276$2,966$2,021$1,359$400
32 years$5,788$4,046$2,767$1,858$1,229$344
33 years$5,552$3,832$2,584$1,708$1,112$297
34 years$5,329$3,632$2,414$1,572$1,007$256
35 years$5,120$3,445$2,257$1,447$912$220
36 years$4,924$3,270$2,111$1,333$826$190
37 years$4,738$3,105$1,976$1,228$749$164
38 years$4,562$2,951$1,850$1,132$679$141
39 years$4,396$2,806$1,734$1,043$616$122
40 years$4,238$2,670$1,625$962$559$105
41 years$4,089$2,542$1,524$888$507$91
42 years$3,947$2,420$1,429$819$460$78
43 years$3,812$2,306$1,341$756$417$67
44 years$3,683$2,198$1,259$698$379$58
45 years$3,561$2,096$1,182$645$344$50
46 years$3,444$2,000$1,110$596$312$43
47 years$3,333$1,908$1,043$550$283$37
48 years$3,226$1,822$980$509$257$32
49 years$3,124$1,740$921$470$234$28
50 years$3,027$1,662$866$435$212$24

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 $6,505 every year, while hoping to spend $28,941 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: 66/25/9 Blend
44$3,100,000$3,100,000$3,100,000$3,100,000
45$3,422,910$3,258,610$3,210,560$3,642,197
46$3,741,254$3,387,489$3,287,321$3,917,771
47$4,091,099$3,521,713$3,365,683$4,214,789
48$4,475,627$3,661,513$3,445,670$4,538,650
49$4,898,346$3,807,132$3,527,304$4,891,968
50$5,363,117$3,958,821$3,610,609$5,277,623
51$5,874,196$4,116,845$3,695,606$5,698,780
52$6,436,274$4,281,480$3,782,318$6,158,924
53$7,054,514$4,453,013$3,870,766$6,661,891
54$7,734,610$4,631,746$3,960,972$7,211,901
55$8,482,833$4,817,994$4,052,957$7,813,601
56$9,306,092$5,012,086$4,146,742$8,472,103
57$10,212,001$5,214,366$4,242,345$9,193,038
58$11,208,948$5,425,193$4,339,787$9,982,604
59$12,306,176$5,644,943$4,439,085$10,847,622
60$13,513,871$5,874,009$4,540,259$11,795,605
61$14,843,252$6,112,802$4,643,324$12,834,825
62$16,306,686$6,361,752$4,748,298$13,974,388
63$17,917,797$6,621,307$4,855,195$15,224,324
64$19,691,598$6,891,937$4,964,030$16,595,677
65$21,644,632$7,174,132$5,074,815$18,100,608
66$23,795,126$7,468,406$5,187,563$19,752,510
67$26,163,167$7,775,297$5,302,285$21,566,136
68$28,770,888$8,095,364$5,418,989$23,557,730
69$31,642,677$8,429,196$5,537,684$25,745,186
70$34,805,410$8,777,405$5,658,376$28,148,212
71$38,288,699$9,140,636$5,781,069$30,788,516
72$42,125,178$9,519,558$5,905,766$33,690,009
73$46,350,805$9,914,875$6,032,468$36,879,029
74$51,005,205$10,327,322$6,161,174$40,384,587
75$56,132,042$10,757,667$6,291,879$44,238,645
76$61,779,432$11,206,715$6,424,579$48,476,408
77$68,000,397$11,675,306$6,559,265$53,136,659
78$74,853,363$12,164,322$6,695,926$58,262,123
79$82,402,714$12,674,682$6,834,548$63,899,870
80$90,719,400$13,207,351$6,975,115$70,101,752
81$99,881,604$13,763,337$7,117,607$76,924,897
82$109,975,481$14,343,693$7,262,000$84,432,242
83$121,095,971$14,949,525$7,408,267$92,693,126
84$133,347,695$15,581,987$7,556,379$101,783,942
85$146,845,943$16,242,287$7,706,300$111,788,856
86$161,717,760$16,931,690$7,857,993$122,800,601
87$178,103,149$17,651,521$8,011,413$134,921,345
88$196,156,389$18,403,164$8,166,514$148,263,658
89$216,047,491$19,188,068$8,323,242$162,951,568
90$237,963,804$20,007,753$8,481,540$179,121,731
91$262,111,784$20,863,805$8,641,344$196,924,718
92$288,718,942$21,757,888$8,802,585$216,526,431
93$318,035,991$22,691,741$8,965,188$238,109,667
94$350,339,211$23,667,186$9,129,072$261,875,844
95$385,933,062$24,686,129$9,294,147$288,046,891
96$425,153,052$25,750,567$9,460,318$316,867,346
97$468,368,908$26,862,589$9,627,484$348,606,656
98$515,988,064$28,024,383$9,795,531$383,561,722
99$568,459,508$29,238,239$9,964,343$422,059,690
100$626,278,020$30,506,555$10,133,791$464,461,041