Can I retire at age 45 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$264,253$261,899$259,603$257,361$255,172$253,034
2 years$130,818$128,382$126,021$123,731$121,511$119,356
3 years$86,346$83,899$81,544$79,276$77,091$74,987
4 years$64,114$61,675$59,343$57,114$54,982$52,944
5 years$50,778$48,354$46,053$43,869$41,797$39,830
6 years$41,891$39,484$37,217$35,082$33,072$31,180
7 years$35,545$33,159$30,928$28,843$26,897$25,080
8 years$30,788$28,423$26,229$24,196$22,313$20,572
9 years$27,090$24,748$22,591$20,609$18,791$17,125
10 years$24,133$21,814$19,696$17,766$16,011$14,419
11 years$21,716$19,420$17,340$15,461$13,770$12,251
12 years$19,703$17,430$15,388$13,562$11,933$10,485
13 years$18,000$15,752$13,749$11,973$10,406$9,028
14 years$16,543$14,318$12,353$10,628$9,121$7,811
15 years$15,281$13,080$11,153$9,478$8,031$6,787
16 years$14,177$12,000$10,112$8,487$7,098$5,918
17 years$13,205$11,052$9,202$7,625$6,294$5,176
18 years$12,341$10,212$8,400$6,872$5,596$4,539
19 years$11,569$9,465$7,690$6,210$4,988$3,989
20 years$10,876$8,795$7,057$5,624$4,455$3,512
21 years$10,249$8,192$6,491$5,104$3,987$3,097
22 years$9,680$7,647$5,983$4,641$3,574$2,735
23 years$9,161$7,152$5,524$4,226$3,208$2,419
24 years$8,686$6,701$5,109$3,855$2,883$2,142
25 years$8,250$6,289$4,732$3,520$2,595$1,898
26 years$7,848$5,910$4,388$3,219$2,337$1,683
27 years$7,477$5,562$4,075$2,946$2,107$1,494
28 years$7,132$5,241$3,788$2,699$1,901$1,327
29 years$6,812$4,945$3,525$2,475$1,717$1,179
30 years$6,514$4,670$3,284$2,272$1,551$1,048
31 years$6,235$4,414$3,061$2,087$1,402$933
32 years$5,975$4,177$2,856$1,918$1,269$830
33 years$5,731$3,956$2,667$1,763$1,148$739
34 years$5,501$3,749$2,492$1,622$1,039$658
35 years$5,286$3,556$2,330$1,494$942$586
36 years$5,082$3,375$2,179$1,376$853$522
37 years$4,890$3,206$2,040$1,267$773$465
38 years$4,709$3,046$1,910$1,168$701$415
39 years$4,538$2,897$1,790$1,077$636$370
40 years$4,375$2,756$1,677$993$577$330
41 years$4,221$2,624$1,573$917$523$294
42 years$4,074$2,499$1,475$846$475$262
43 years$3,935$2,381$1,384$781$431$234
44 years$3,802$2,269$1,300$721$391$209
45 years$3,676$2,164$1,220$666$355$186
46 years$3,555$2,064$1,146$615$322$166
47 years$3,440$1,970$1,077$568$293$148
48 years$3,330$1,881$1,012$525$266$132
49 years$3,225$1,796$951$485$241$118
50 years$3,124$1,715$894$449$219$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,200,000, adding $4,843 every year, while hoping to spend $59,287 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: 78/5/17 Blend
44$3,200,000$3,200,000$3,200,000$3,200,000
45$3,531,396$3,361,796$3,312,196$3,793,271
46$3,828,517$3,463,443$3,360,073$4,068,378
47$4,153,958$3,568,083$3,407,568$4,362,121
48$4,510,544$3,675,802$3,454,604$4,682,722
49$4,901,388$3,786,684$3,501,101$5,032,846
50$5,329,916$3,900,819$3,546,975$5,415,430
51$5,799,906$4,018,297$3,592,137$5,833,708
52$6,315,514$4,139,211$3,636,491$6,291,242
53$6,881,320$4,263,657$3,679,938$6,791,957
54$7,502,370$4,391,731$3,722,371$7,340,176
55$8,184,221$4,523,535$3,763,679$7,940,661
56$8,932,993$4,659,170$3,803,744$8,598,660
57$9,755,430$4,798,741$3,842,442$9,319,951
58$10,658,962$4,942,357$3,879,641$10,110,904
59$11,651,770$5,090,127$3,915,203$10,978,534
60$12,742,871$5,242,164$3,948,983$11,930,571
61$13,942,197$5,398,583$3,980,827$12,975,532
62$15,260,690$5,559,502$4,010,574$14,122,800
63$16,710,406$5,725,043$4,038,053$15,382,714
64$18,304,626$5,895,329$4,063,087$16,766,667
65$20,057,984$6,070,487$4,085,486$18,287,211
66$21,986,603$6,250,645$4,105,054$19,958,176
67$24,108,246$6,435,935$4,121,583$21,794,802
68$26,442,485$6,626,494$4,134,854$23,813,881
69$29,010,885$6,822,460$4,144,638$26,033,917
70$31,837,207$7,023,972$4,150,696$28,475,300
71$34,947,632$7,231,175$4,152,773$31,160,496
72$38,371,004$7,444,217$4,150,605$34,114,262
73$42,139,111$7,663,248$4,143,914$37,363,878
74$46,286,973$7,888,420$4,132,409$40,939,406
75$50,853,182$8,119,891$4,115,782$44,873,972
76$55,880,260$8,357,819$4,093,714$49,204,077
77$61,415,062$8,602,367$4,065,869$53,969,948
78$67,509,216$8,853,701$4,031,894$59,215,908
79$74,219,614$9,111,990$3,991,419$64,990,804
80$81,608,942$9,377,405$3,944,060$71,348,460
81$89,746,278$9,650,122$3,889,410$78,348,191
82$98,707,739$9,930,319$3,827,046$86,055,360
83$108,577,200$10,218,176$3,756,523$94,541,994
84$119,447,087$10,513,878$3,677,379$103,887,466
85$131,419,244$10,817,613$3,589,126$114,179,246
86$144,605,901$11,129,570$3,491,256$125,513,720
87$159,130,727$11,449,943$3,383,237$137,997,107
88$175,129,999$11,778,928$3,264,512$151,746,458
89$192,753,886$12,116,722$3,134,500$166,890,762
90$212,167,869$12,463,528$2,992,593$183,572,164
91$233,554,301$12,819,550$2,838,154$201,947,307
92$257,114,126$13,184,995$2,670,518$222,188,809
93$283,068,777$13,560,070$2,488,992$244,486,894
94$311,662,267$13,944,989$2,292,848$269,051,191
95$343,163,488$14,339,963$2,081,328$296,112,706
96$377,868,751$14,745,208$1,853,639$325,926,010
97$416,104,583$15,160,942$1,608,955$358,771,638
98$458,230,805$15,587,383$1,346,410$394,958,740
99$504,643,934$16,024,752$1,065,102$434,828,000
100$555,780,921$16,473,270$764,088$478,754,848