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

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$280,769$278,268$275,828$273,446$271,121$261,814
2 years$138,994$136,406$133,897$131,465$129,105$119,823
3 years$91,743$89,143$86,640$84,231$81,910$72,944
4 years$68,121$65,529$63,052$60,683$58,419$49,839
5 years$53,952$51,376$48,931$46,611$44,409$36,237
6 years$44,509$41,952$39,543$37,275$35,139$27,381
7 years$37,767$35,231$32,861$30,646$28,578$21,233
8 years$32,712$30,200$27,869$25,708$23,708$16,770
9 years$28,783$26,294$24,003$21,897$19,965$13,426
10 years$25,642$23,177$20,926$18,876$17,012$10,860
11 years$23,073$20,633$18,423$16,428$14,631$8,855
12 years$20,934$18,519$16,350$14,409$12,679$7,265
13 years$19,126$16,736$14,608$12,721$11,056$5,991
14 years$17,577$15,213$13,125$11,292$9,692$4,960
15 years$16,236$13,897$11,850$10,071$8,533$4,119
16 years$15,063$12,750$10,744$9,017$7,542$3,431
17 years$14,030$11,742$9,777$8,102$6,687$2,864
18 years$13,112$10,851$8,925$7,302$5,946$2,394
19 years$12,293$10,056$8,170$6,598$5,300$2,005
20 years$11,556$9,345$7,498$5,975$4,734$1,681
21 years$10,890$8,704$6,897$5,423$4,236$1,411
22 years$10,285$8,125$6,357$4,931$3,797$1,185
23 years$9,734$7,599$5,869$4,491$3,408$997
24 years$9,229$7,120$5,428$4,096$3,064$838
25 years$8,766$6,682$5,027$3,740$2,757$705
26 years$8,339$6,280$4,663$3,420$2,483$594
27 years$7,944$5,910$4,330$3,130$2,239$500
28 years$7,578$5,569$4,025$2,868$2,020$422
29 years$7,238$5,254$3,746$2,630$1,824$355
30 years$6,921$4,962$3,489$2,414$1,648$299
31 years$6,625$4,690$3,253$2,217$1,490$252
32 years$6,348$4,438$3,035$2,037$1,348$213
33 years$6,089$4,203$2,834$1,874$1,220$180
34 years$5,845$3,983$2,648$1,724$1,104$151
35 years$5,616$3,778$2,475$1,587$1,000$128
36 years$5,400$3,586$2,316$1,461$906$108
37 years$5,196$3,406$2,167$1,347$821$91
38 years$5,003$3,237$2,030$1,241$745$77
39 years$4,821$3,078$1,901$1,144$675$65
40 years$4,648$2,928$1,782$1,056$613$55
41 years$4,484$2,788$1,671$974$556$46
42 years$4,329$2,655$1,568$899$504$39
43 years$4,181$2,529$1,471$830$458$33
44 years$4,040$2,411$1,381$766$415$28
45 years$3,905$2,299$1,297$707$377$23
46 years$3,777$2,193$1,218$654$342$20
47 years$3,655$2,093$1,144$604$311$17
48 years$3,538$1,998$1,075$558$282$14
49 years$3,426$1,908$1,011$516$256$12
50 years$3,320$1,823$950$477$233$10

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 $6,370 every year, while hoping to spend $57,998 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: 69/14/17 Blend
44$3,400,000$3,400,000$3,400,000$3,400,000
45$3,753,371$3,573,171$3,520,471$3,996,728
46$4,074,505$3,686,547$3,576,697$4,273,104
47$4,426,451$3,803,534$3,632,863$4,567,927
48$4,812,291$3,924,249$3,688,906$4,889,053
49$5,235,418$4,048,811$3,744,757$5,239,068
50$5,699,571$4,177,342$3,800,347$5,620,820
51$6,208,866$4,309,971$3,855,598$6,037,446
52$6,767,840$4,446,830$3,910,430$6,492,399
53$7,381,488$4,588,052$3,964,757$6,989,484
54$8,055,313$4,733,780$4,018,490$7,532,889
55$8,795,376$4,884,157$4,071,531$8,127,229
56$9,608,357$5,039,333$4,123,779$8,777,585
57$10,501,611$5,199,461$4,175,127$9,489,555
58$11,483,242$5,364,702$4,225,461$10,269,306
59$12,562,180$5,535,219$4,274,661$11,123,628
60$13,748,260$5,711,183$4,322,600$12,060,006
61$15,052,319$5,892,768$4,369,144$13,086,681
62$16,486,298$6,080,155$4,414,152$14,212,733
63$18,063,349$6,273,532$4,457,475$15,448,167
64$19,797,966$6,473,090$4,498,956$16,804,004
65$21,706,117$6,679,030$4,538,429$18,292,385
66$23,805,395$6,891,557$4,575,721$19,926,688
67$26,115,186$7,110,883$4,610,648$21,721,653
68$28,656,846$7,337,228$4,643,016$23,693,518
69$31,453,910$7,570,818$4,672,623$25,860,175
70$34,532,308$7,811,887$4,699,255$28,241,339
71$37,920,610$8,060,676$4,722,687$30,858,730
72$41,650,299$8,317,436$4,742,683$33,736,281
73$45,756,061$8,582,422$4,758,995$36,900,364
74$50,276,121$8,855,903$4,771,363$40,380,036
75$55,252,595$9,138,151$4,779,513$44,207,314
76$60,731,890$9,429,451$4,783,157$48,417,478
77$66,765,145$9,730,097$4,781,995$53,049,401
78$73,408,708$10,040,390$4,775,710$58,145,921
79$80,724,671$10,360,643$4,763,971$63,754,237
80$88,781,452$10,691,179$4,746,428$69,926,361
81$97,654,444$11,032,331$4,722,718$76,719,606
82$107,426,727$11,384,445$4,692,459$84,197,127
83$118,189,846$11,747,875$4,655,249$92,428,515
84$130,044,679$12,122,990$4,610,668$101,490,457
85$143,102,388$12,510,168$4,558,277$111,467,458
86$157,485,468$12,909,802$4,497,616$122,452,637
87$173,328,900$13,322,298$4,428,201$134,548,607
88$190,781,431$13,748,073$4,349,528$147,868,444
89$210,006,968$14,187,560$4,261,069$162,536,753
90$231,186,134$14,641,206$4,162,270$178,690,843
91$254,517,966$15,109,471$4,052,553$196,482,025
92$280,221,797$15,592,834$3,931,311$216,077,040
93$308,539,323$16,091,785$3,797,913$237,659,630
94$339,736,886$16,606,835$3,651,695$261,432,276
95$374,107,987$17,138,508$3,491,965$287,618,106
96$411,976,055$17,687,348$3,318,000$316,463,003
97$453,697,502$18,253,917$3,129,041$348,237,923
98$499,665,082$18,838,794$2,924,299$383,241,459
99$550,311,604$19,442,579$2,702,947$421,802,652
100$606,114,013$20,065,891$2,464,122$464,284,101