Can I retire at age 45 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$289,027$286,452$283,940$281,489$279,095$268,446
2 years$143,083$140,418$137,835$135,331$132,902$122,299
3 years$94,441$91,765$89,188$86,708$84,319$74,094
4 years$70,125$67,457$64,906$62,468$60,137$50,370
5 years$55,539$52,887$50,370$47,982$45,715$36,430
6 years$45,818$43,186$40,706$38,371$36,173$27,377
7 years$38,878$36,268$33,827$31,547$29,418$21,108
8 years$33,674$31,088$28,688$26,464$24,405$16,573
9 years$29,630$27,068$24,709$22,542$20,553$13,187
10 years$26,396$23,859$21,542$19,431$17,512$10,600
11 years$23,752$21,240$18,965$16,911$15,061$8,586
12 years$21,550$19,064$16,831$14,833$13,051$6,998
13 years$19,688$17,228$15,038$13,095$11,381$5,731
14 years$18,094$15,660$13,511$11,625$9,977$4,712
15 years$16,713$14,306$12,199$10,367$8,784$3,886
16 years$15,506$13,125$11,060$9,283$7,763$3,213
17 years$14,443$12,088$10,064$8,340$6,884$2,662
18 years$13,498$11,170$9,187$7,516$6,121$2,209
19 years$12,654$10,352$8,411$6,792$5,455$1,836
20 years$11,895$9,620$7,719$6,151$4,873$1,528
21 years$11,210$8,960$7,100$5,583$4,361$1,272
22 years$10,587$8,364$6,544$5,076$3,909$1,060
23 years$10,020$7,823$6,042$4,623$3,509$885
24 years$9,501$7,329$5,588$4,216$3,154$738
25 years$9,024$6,878$5,175$3,850$2,838$616
26 years$8,584$6,464$4,800$3,521$2,556$515
27 years$8,177$6,084$4,457$3,223$2,305$430
28 years$7,801$5,733$4,143$2,953$2,080$359
29 years$7,451$5,408$3,856$2,708$1,878$300
30 years$7,124$5,107$3,592$2,485$1,697$251
31 years$6,820$4,828$3,348$2,282$1,534$210
32 years$6,535$4,569$3,124$2,097$1,388$176
33 years$6,268$4,326$2,917$1,929$1,256$147
34 years$6,017$4,100$2,725$1,775$1,137$123
35 years$5,781$3,889$2,548$1,634$1,030$103
36 years$5,559$3,691$2,384$1,504$933$86
37 years$5,349$3,506$2,231$1,386$846$72
38 years$5,151$3,332$2,089$1,278$767$60
39 years$4,963$3,168$1,957$1,178$695$50
40 years$4,785$3,014$1,835$1,087$631$42
41 years$4,616$2,869$1,720$1,003$572$35
42 years$4,456$2,733$1,614$925$519$29
43 years$4,304$2,604$1,514$854$471$25
44 years$4,158$2,482$1,421$789$428$21
45 years$4,020$2,367$1,335$728$388$17
46 years$3,888$2,258$1,254$673$352$14
47 years$3,763$2,155$1,178$622$320$12
48 years$3,642$2,057$1,107$574$291$10
49 years$3,527$1,964$1,040$531$264$8
50 years$3,417$1,876$978$491$240$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,500,000, adding $6,279 every year, while hoping to spend $54,087 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: 60/35/5 Blend
44$3,500,000$3,500,000$3,500,000$3,500,000
45$3,863,477$3,677,977$3,623,727$4,091,638
46$4,200,003$3,800,650$3,687,573$4,367,611
47$4,569,043$3,927,520$3,751,746$4,661,662
48$4,973,854$4,058,738$3,816,199$4,980,980
49$5,418,028$4,194,457$3,880,882$5,327,994
50$5,905,518$4,334,836$3,945,743$5,705,373
51$6,440,679$4,480,042$4,010,724$6,116,056
52$7,028,310$4,630,246$4,075,765$6,563,276
53$7,673,696$4,785,626$4,140,801$7,050,588
54$8,382,659$4,946,368$4,205,764$7,581,908
55$9,161,613$5,112,663$4,270,580$8,161,543
56$10,017,624$5,284,709$4,335,171$8,794,234
57$10,958,477$5,462,715$4,399,454$9,485,200
58$11,992,746$5,646,892$4,463,340$10,240,185
59$13,129,880$5,837,465$4,526,736$11,065,513
60$14,380,290$6,034,662$4,589,544$11,968,148
61$15,755,443$6,238,724$4,651,657$12,955,754
62$17,267,974$6,449,898$4,712,964$14,036,771
63$18,931,807$6,668,442$4,773,347$15,220,495
64$20,762,279$6,894,624$4,832,682$16,517,157
65$22,776,292$7,128,720$4,890,837$17,938,029
66$24,992,465$7,371,019$4,947,672$19,495,522
67$27,431,318$7,621,821$5,003,040$21,203,304
68$30,115,457$7,881,434$5,056,787$23,076,430
69$33,069,792$8,150,182$5,108,747$25,131,479
70$36,321,769$8,428,400$5,158,749$27,386,713
71$39,901,632$8,716,434$5,206,609$29,862,249
72$43,842,705$9,014,646$5,252,137$32,580,242
73$48,181,707$9,323,410$5,295,130$35,565,100
74$52,959,099$9,643,115$5,335,375$38,843,706
75$58,219,465$9,974,166$5,372,648$42,445,678
76$64,011,933$10,316,982$5,406,714$46,403,639
77$70,390,636$10,672,000$5,437,325$50,753,532
78$77,415,225$11,039,672$5,464,220$55,534,951
79$85,151,433$11,420,470$5,487,125$60,791,516
80$93,671,688$11,814,883$5,505,753$66,571,284
81$103,055,806$12,223,418$5,519,802$72,927,199
82$113,391,737$12,646,604$5,528,954$79,917,591
83$124,776,396$13,084,990$5,532,876$87,606,727
84$137,316,580$13,539,145$5,531,218$96,065,411
85$151,129,971$14,009,664$5,523,614$105,371,655
86$166,346,252$14,497,161$5,509,679$115,611,410
87$183,108,326$15,002,279$5,489,010$126,879,381
88$201,573,667$15,525,681$5,461,183$139,279,911
89$221,915,803$16,068,062$5,425,755$152,927,969
90$244,325,958$16,630,140$5,382,261$167,950,234
91$269,014,854$17,212,665$5,330,214$184,486,284
92$296,214,697$17,816,414$5,269,105$202,689,915
93$326,181,375$18,442,198$5,198,399$222,730,589
94$359,196,867$19,090,857$5,117,537$244,795,033
95$395,571,907$19,763,268$5,025,934$269,088,993
96$435,648,914$20,460,341$4,922,975$295,839,184
97$479,805,230$21,183,024$4,808,021$325,295,416
98$528,456,673$21,932,302$4,680,400$357,732,959
99$582,061,470$22,709,201$4,539,410$393,455,132
100$641,124,577$23,514,789$4,384,317$432,796,165