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%18.3%
1 years$264,253$261,899$259,603$257,361$255,172$246,610
2 years$130,818$128,382$126,021$123,731$121,511$112,968
3 years$86,346$83,899$81,544$79,276$77,091$68,838
4 years$64,114$61,675$59,343$57,114$54,982$47,080
5 years$50,778$48,354$46,053$43,869$41,797$34,267
6 years$41,891$39,484$37,217$35,082$33,072$25,922
7 years$35,545$33,159$30,928$28,843$26,897$20,124
8 years$30,788$28,423$26,229$24,196$22,313$15,913
9 years$27,090$24,748$22,591$20,609$18,791$12,756
10 years$24,133$21,814$19,696$17,766$16,011$10,331
11 years$21,716$19,420$17,340$15,461$13,770$8,434
12 years$19,703$17,430$15,388$13,562$11,933$6,929
13 years$18,000$15,752$13,749$11,973$10,406$5,721
14 years$16,543$14,318$12,353$10,628$9,121$4,743
15 years$15,281$13,080$11,153$9,478$8,031$3,945
16 years$14,177$12,000$10,112$8,487$7,098$3,291
17 years$13,205$11,052$9,202$7,625$6,294$2,751
18 years$12,341$10,212$8,400$6,872$5,596$2,303
19 years$11,569$9,465$7,690$6,210$4,988$1,932
20 years$10,876$8,795$7,057$5,624$4,455$1,622
21 years$10,249$8,192$6,491$5,104$3,987$1,364
22 years$9,680$7,647$5,983$4,641$3,574$1,147
23 years$9,161$7,152$5,524$4,226$3,208$966
24 years$8,686$6,701$5,109$3,855$2,883$814
25 years$8,250$6,289$4,732$3,520$2,595$686
26 years$7,848$5,910$4,388$3,219$2,337$579
27 years$7,477$5,562$4,075$2,946$2,107$488
28 years$7,132$5,241$3,788$2,699$1,901$412
29 years$6,812$4,945$3,525$2,475$1,717$348
30 years$6,514$4,670$3,284$2,272$1,551$294
31 years$6,235$4,414$3,061$2,087$1,402$248
32 years$5,975$4,177$2,856$1,918$1,269$209
33 years$5,731$3,956$2,667$1,763$1,148$177
34 years$5,501$3,749$2,492$1,622$1,039$149
35 years$5,286$3,556$2,330$1,494$942$126
36 years$5,082$3,375$2,179$1,376$853$107
37 years$4,890$3,206$2,040$1,267$773$90
38 years$4,709$3,046$1,910$1,168$701$76
39 years$4,538$2,897$1,790$1,077$636$64
40 years$4,375$2,756$1,677$993$577$54
41 years$4,221$2,624$1,573$917$523$46
42 years$4,074$2,499$1,475$846$475$39
43 years$3,935$2,381$1,384$781$431$33
44 years$3,802$2,269$1,300$721$391$28
45 years$3,676$2,164$1,220$666$355$23
46 years$3,555$2,064$1,146$615$322$20
47 years$3,440$1,970$1,077$568$293$17
48 years$3,330$1,881$1,012$525$266$14
49 years$3,225$1,796$951$485$241$12
50 years$3,124$1,715$894$449$219$10

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 $2,331 every year, while hoping to spend $51,012 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: 41/48/11 Blend
44$3,200,000$3,200,000$3,200,000$3,200,000
45$3,528,804$3,359,204$3,309,604$3,661,897
46$3,834,466$3,469,529$3,366,200$3,865,899
47$4,169,596$3,583,550$3,422,981$4,081,302
48$4,537,145$3,701,394$3,479,902$4,313,298
49$4,940,365$3,823,194$3,536,910$4,563,415
50$5,382,837$3,949,085$3,593,951$4,833,336
51$5,868,505$4,079,210$3,650,968$5,124,907
52$6,401,716$4,213,714$3,707,898$5,440,157
53$6,987,254$4,352,749$3,764,676$5,781,319
54$7,630,393$4,496,473$3,821,232$6,150,847
55$8,336,941$4,645,048$3,877,491$6,551,437
56$9,113,297$4,798,643$3,933,375$6,986,057
57$9,966,510$4,957,433$3,988,799$7,457,972
58$10,904,346$5,121,599$4,043,676$7,970,770
59$11,935,360$5,291,329$4,097,910$8,528,402
60$13,068,979$5,466,816$4,151,402$9,135,213
61$14,315,588$5,648,263$4,204,047$9,795,985
62$15,686,628$5,835,879$4,255,733$10,515,981
63$17,194,707$6,029,879$4,306,343$11,300,991
64$18,853,713$6,230,489$4,355,751$12,157,391
65$20,678,949$6,437,940$4,403,826$13,092,197
66$22,687,278$6,652,475$4,450,430$14,113,134
67$24,897,277$6,874,343$4,495,416$15,228,704
68$27,329,416$7,103,803$4,538,630$16,448,270
69$30,006,252$7,341,125$4,579,909$17,782,140
70$32,952,635$7,586,586$4,619,082$19,241,664
71$36,195,951$7,840,475$4,655,968$20,839,339
72$39,766,372$8,103,093$4,690,377$22,588,928
73$43,697,147$8,374,749$4,722,110$24,505,587
74$48,024,911$8,655,767$4,750,956$26,606,008
75$52,790,033$8,946,480$4,776,693$28,908,572
76$58,036,994$9,247,236$4,799,091$31,433,527
77$63,814,811$9,558,393$4,817,903$34,203,172
78$70,177,493$9,880,326$4,832,874$37,242,069
79$77,184,556$10,213,421$4,843,734$40,577,273
80$84,901,581$10,558,079$4,850,200$44,238,585
81$93,400,836$10,914,718$4,851,975$48,258,834
82$102,761,952$11,283,771$4,848,747$52,674,181
83$113,072,681$11,665,685$4,840,190$57,524,464
84$124,429,717$12,060,926$4,825,959$62,853,566
85$136,939,615$12,469,979$4,805,696$68,709,834
86$150,719,793$12,893,344$4,779,023$75,146,530
87$165,899,636$13,331,543$4,745,546$82,222,331
88$182,621,727$13,785,116$4,704,849$90,001,883
89$201,043,180$14,254,625$4,656,499$98,556,409
90$221,337,135$14,740,651$4,600,041$107,964,377
91$243,694,380$15,243,801$4,535,000$118,312,241
92$268,325,162$15,764,702$4,460,878$129,695,255
93$295,461,162$16,304,006$4,377,151$142,218,366
94$325,357,691$16,862,392$4,283,275$155,997,209
95$358,296,088$17,440,563$4,178,679$171,159,188
96$394,586,388$18,039,249$4,062,763$187,844,683
97$434,570,238$18,659,210$3,934,903$206,208,370
98$478,624,125$19,301,234$3,794,446$226,420,675
99$527,162,932$19,966,141$3,640,706$248,669,387
100$580,643,850$20,654,782$3,472,969$273,161,421