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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$289,027$286,452$283,940$281,489$279,095$271,467
2 years$143,083$140,418$137,835$135,331$132,902$125,273
3 years$94,441$91,765$89,188$86,708$84,319$76,927
4 years$70,125$67,457$64,906$62,468$60,137$53,039
5 years$55,539$52,887$50,370$47,982$45,715$38,931
6 years$45,818$43,186$40,706$38,371$36,173$29,709
7 years$38,878$36,268$33,827$31,547$29,418$23,275
8 years$33,674$31,088$28,688$26,464$24,405$18,579
9 years$29,630$27,068$24,709$22,542$20,553$15,039
10 years$26,396$23,859$21,542$19,431$17,512$12,303
11 years$23,752$21,240$18,965$16,911$15,061$10,148
12 years$21,550$19,064$16,831$14,833$13,051$8,426
13 years$19,688$17,228$15,038$13,095$11,381$7,033
14 years$18,094$15,660$13,511$11,625$9,977$5,896
15 years$16,713$14,306$12,199$10,367$8,784$4,960
16 years$15,506$13,125$11,060$9,283$7,763$4,184
17 years$14,443$12,088$10,064$8,340$6,884$3,539
18 years$13,498$11,170$9,187$7,516$6,121$2,999
19 years$12,654$10,352$8,411$6,792$5,455$2,546
20 years$11,895$9,620$7,719$6,151$4,873$2,164
21 years$11,210$8,960$7,100$5,583$4,361$1,842
22 years$10,587$8,364$6,544$5,076$3,909$1,569
23 years$10,020$7,823$6,042$4,623$3,509$1,338
24 years$9,501$7,329$5,588$4,216$3,154$1,142
25 years$9,024$6,878$5,175$3,850$2,838$975
26 years$8,584$6,464$4,800$3,521$2,556$833
27 years$8,177$6,084$4,457$3,223$2,305$712
28 years$7,801$5,733$4,143$2,953$2,080$608
29 years$7,451$5,408$3,856$2,708$1,878$520
30 years$7,124$5,107$3,592$2,485$1,697$445
31 years$6,820$4,828$3,348$2,282$1,534$381
32 years$6,535$4,569$3,124$2,097$1,388$326
33 years$6,268$4,326$2,917$1,929$1,256$279
34 years$6,017$4,100$2,725$1,775$1,137$239
35 years$5,781$3,889$2,548$1,634$1,030$205
36 years$5,559$3,691$2,384$1,504$933$175
37 years$5,349$3,506$2,231$1,386$846$150
38 years$5,151$3,332$2,089$1,278$767$129
39 years$4,963$3,168$1,957$1,178$695$110
40 years$4,785$3,014$1,835$1,087$631$94
41 years$4,616$2,869$1,720$1,003$572$81
42 years$4,456$2,733$1,614$925$519$69
43 years$4,304$2,604$1,514$854$471$59
44 years$4,158$2,482$1,421$789$428$51
45 years$4,020$2,367$1,335$728$388$44
46 years$3,888$2,258$1,254$673$352$37
47 years$3,763$2,155$1,178$622$320$32
48 years$3,642$2,057$1,107$574$291$27
49 years$3,527$1,964$1,040$531$264$23
50 years$3,417$1,876$978$491$240$20

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 $6,877 every year, while hoping to spend $26,653 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: 70/10/20 Blend
44$3,500,000$3,500,000$3,500,000$3,500,000
45$3,864,094$3,678,594$3,624,344$4,115,209
46$4,229,873$3,830,486$3,717,401$4,435,482
47$4,632,068$3,988,928$3,812,682$4,782,125
48$5,074,365$4,154,212$3,910,233$5,160,892
49$5,560,827$4,326,645$4,010,102$5,574,958
50$6,095,927$4,506,546$4,112,336$6,027,819
51$6,684,596$4,694,252$4,216,984$6,523,324
52$7,332,266$4,890,111$4,324,095$7,065,708
53$8,044,923$5,094,492$4,433,717$7,659,640
54$8,829,160$5,307,778$4,545,902$8,310,255
55$9,692,246$5,530,370$4,660,701$9,023,212
56$10,642,184$5,762,687$4,778,164$9,804,743
57$11,687,799$6,005,171$4,898,344$10,661,709
58$12,838,809$6,258,279$5,021,294$11,601,667
59$14,105,927$6,522,494$5,147,066$12,632,943
60$15,500,954$6,798,319$5,275,715$13,764,703
61$17,036,894$7,086,279$5,407,295$15,007,047
62$18,728,078$7,386,928$5,541,860$16,371,097
63$20,590,296$7,700,841$5,679,466$17,869,106
64$22,640,946$8,028,622$5,820,168$19,514,570
65$24,899,201$8,370,904$5,964,022$21,322,358
66$27,386,189$8,728,346$6,111,086$23,308,848
67$30,125,187$9,101,643$6,261,415$25,492,081
68$33,141,851$9,491,518$6,415,066$27,891,935
69$36,464,446$9,898,729$6,572,098$30,530,307
70$40,124,124$10,324,070$6,732,567$33,431,321
71$44,155,208$10,768,373$6,896,531$36,621,554
72$48,595,523$11,232,507$7,064,049$40,130,287
73$53,486,749$11,717,383$7,235,178$43,989,781
74$58,874,817$12,223,954$7,409,975$48,235,578
75$64,810,339$12,753,219$7,588,500$52,906,837
76$71,349,088$13,306,221$7,770,809$58,046,703
77$78,552,524$13,884,055$7,956,961$63,702,715
78$86,488,375$14,487,867$8,147,012$69,927,247
79$95,231,273$15,118,856$8,341,021$76,778,011
80$104,863,460$15,778,277$8,539,042$84,318,591
81$115,475,566$16,467,446$8,741,133$92,619,048
82$127,167,462$17,187,739$8,947,350$101,756,580
83$140,049,203$17,940,598$9,157,746$111,816,245
84$154,242,067$18,727,533$9,372,376$122,891,768
85$169,879,701$19,550,125$9,591,293$135,086,420
86$187,109,379$20,410,030$9,814,550$148,513,993
87$206,093,396$21,308,982$10,042,198$163,299,875
88$227,010,596$22,248,796$10,274,285$179,582,227
89$250,058,065$23,231,374$10,510,862$197,513,289
90$275,452,986$24,258,710$10,751,974$217,260,818
91$303,434,692$25,332,888$10,997,666$239,009,662
92$334,266,925$26,456,094$11,247,983$262,963,511
93$368,240,326$27,630,617$11,502,965$289,346,813
94$405,675,176$28,858,855$11,762,651$318,406,894
95$446,924,422$30,143,317$12,027,078$350,416,289
96$492,377,009$31,486,635$12,296,281$385,675,311
97$542,461,547$32,891,564$12,570,290$424,514,889
98$597,650,365$34,360,990$12,849,134$467,299,683
99$658,463,960$35,897,937$13,132,838$514,431,530
100$725,475,920$37,505,571$13,421,424$566,353,231