Can I retire at age 45 with 3,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,400,000?

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$280,769$278,268$275,828$273,446$271,121$269,074
2 years$138,994$136,406$133,897$131,465$129,105$127,042
3 years$91,743$89,143$86,640$84,231$81,910$79,893
4 years$68,121$65,529$63,052$60,683$58,419$56,465
5 years$53,952$51,376$48,931$46,611$44,409$42,524
6 years$44,509$41,952$39,543$37,275$35,139$33,325
7 years$37,767$35,231$32,861$30,646$28,578$26,835
8 years$32,712$30,200$27,869$25,708$23,708$22,037
9 years$28,783$26,294$24,003$21,897$19,965$18,365
10 years$25,642$23,177$20,926$18,876$17,012$15,482
11 years$23,073$20,633$18,423$16,428$14,631$13,170
12 years$20,934$18,519$16,350$14,409$12,679$11,286
13 years$19,126$16,736$14,608$12,721$11,056$9,730
14 years$17,577$15,213$13,125$11,292$9,692$8,430
15 years$16,236$13,897$11,850$10,071$8,533$7,335
16 years$15,063$12,750$10,744$9,017$7,542$6,404
17 years$14,030$11,742$9,777$8,102$6,687$5,609
18 years$13,112$10,851$8,925$7,302$5,946$4,925
19 years$12,293$10,056$8,170$6,598$5,300$4,334
20 years$11,556$9,345$7,498$5,975$4,734$3,822
21 years$10,890$8,704$6,897$5,423$4,236$3,376
22 years$10,285$8,125$6,357$4,931$3,797$2,986
23 years$9,734$7,599$5,869$4,491$3,408$2,644
24 years$9,229$7,120$5,428$4,096$3,064$2,345
25 years$8,766$6,682$5,027$3,740$2,757$2,081
26 years$8,339$6,280$4,663$3,420$2,483$1,849
27 years$7,944$5,910$4,330$3,130$2,239$1,643
28 years$7,578$5,569$4,025$2,868$2,020$1,462
29 years$7,238$5,254$3,746$2,630$1,824$1,301
30 years$6,921$4,962$3,489$2,414$1,648$1,159
31 years$6,625$4,690$3,253$2,217$1,490$1,033
32 years$6,348$4,438$3,035$2,037$1,348$921
33 years$6,089$4,203$2,834$1,874$1,220$821
34 years$5,845$3,983$2,648$1,724$1,104$732
35 years$5,616$3,778$2,475$1,587$1,000$653
36 years$5,400$3,586$2,316$1,461$906$583
37 years$5,196$3,406$2,167$1,347$821$521
38 years$5,003$3,237$2,030$1,241$745$465
39 years$4,821$3,078$1,901$1,144$675$415
40 years$4,648$2,928$1,782$1,056$613$371
41 years$4,484$2,788$1,671$974$556$331
42 years$4,329$2,655$1,568$899$504$296
43 years$4,181$2,529$1,471$830$458$264
44 years$4,040$2,411$1,381$766$415$236
45 years$3,905$2,299$1,297$707$377$211
46 years$3,777$2,193$1,218$654$342$189
47 years$3,655$2,093$1,144$604$311$169
48 years$3,538$1,998$1,075$558$282$151
49 years$3,426$1,908$1,011$516$256$135
50 years$3,320$1,823$950$477$233$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,400,000, adding $4,781 every year, while hoping to spend $22,952 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: 32/50/18 Blend
44$3,400,000$3,400,000$3,400,000$3,400,000
45$3,751,732$3,571,532$3,518,832$3,850,576
46$4,109,987$3,722,116$3,612,292$4,075,133
47$4,504,016$3,879,310$3,708,113$4,314,406
48$4,937,442$4,043,412$3,806,352$4,571,646
49$5,414,260$4,214,737$3,907,063$4,848,438
50$5,938,868$4,393,613$4,010,303$5,146,516
51$6,516,115$4,580,383$4,116,131$5,467,779
52$7,151,344$4,775,407$4,224,606$5,814,312
53$7,850,439$4,979,060$4,335,788$6,188,399
54$8,619,886$5,191,736$4,449,740$6,592,544
55$9,466,830$5,413,847$4,566,522$7,029,496
56$10,399,147$5,645,825$4,686,200$7,502,268
57$11,425,510$5,888,121$4,808,838$8,014,170
58$12,555,480$6,141,208$4,934,503$8,568,832
59$13,799,592$6,405,579$5,063,261$9,170,242
60$15,169,451$6,681,754$5,195,182$9,822,776
61$16,677,849$6,970,273$5,330,334$10,531,243
62$18,338,878$7,271,705$5,468,789$11,300,924
63$20,168,069$7,586,644$5,610,618$12,137,620
64$22,182,534$7,915,712$5,755,896$13,047,705
65$24,401,130$8,259,559$5,904,696$14,038,185
66$26,844,636$8,618,868$6,057,094$15,116,759
67$29,535,949$8,994,353$6,213,167$16,291,890
68$32,500,301$9,386,762$6,372,993$17,572,883
69$35,765,495$9,796,876$6,536,652$18,969,967
70$39,362,169$10,225,516$6,704,223$20,494,392
71$43,324,084$10,673,540$6,875,788$22,158,529
72$47,688,444$11,141,847$7,051,430$23,975,985
73$52,496,246$11,631,378$7,231,234$25,961,725
74$57,792,666$12,143,119$7,415,284$28,132,213
75$63,627,488$12,678,102$7,603,666$30,505,564
76$70,055,572$13,237,409$7,796,468$33,101,706
77$77,137,369$13,822,171$7,993,778$35,942,568
78$84,939,497$14,433,574$8,195,687$39,052,279
79$93,535,367$15,072,860$8,402,284$42,457,397
80$103,005,876$15,741,331$8,613,661$46,187,148
81$113,440,168$16,440,349$8,829,912$50,273,700
82$124,936,480$17,171,341$9,051,129$54,752,462
83$137,603,066$17,935,803$9,277,407$59,662,410
84$151,559,221$18,735,299$9,508,842$65,046,451
85$166,936,404$19,571,471$9,745,531$70,951,822
86$183,879,481$20,446,037$9,987,570$77,430,528
87$202,548,093$21,360,797$10,235,058$84,539,827
88$223,118,159$22,317,637$10,488,093$92,342,763
89$245,783,541$23,318,532$10,746,775$100,908,754
90$270,757,874$24,365,552$11,011,203$110,314,241
91$298,276,578$25,460,864$11,281,479$120,643,398
92$328,599,084$26,606,741$11,557,703$131,988,921
93$362,011,281$27,805,562$11,839,977$144,452,894
94$398,828,218$29,059,821$12,128,403$158,147,742
95$439,397,074$30,372,130$12,423,082$173,197,284
96$484,100,437$31,745,226$12,724,117$189,737,890
97$533,359,916$33,181,977$13,031,609$207,919,760
98$587,640,121$34,685,387$13,345,662$227,908,330
99$647,453,048$36,258,606$13,666,376$249,885,820
100$713,362,913$37,904,931$13,993,854$274,052,945