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%14.7%
1 years$289,027$286,452$283,940$281,489$279,095$273,684
2 years$143,083$140,418$137,835$135,331$132,902$127,473
3 years$94,441$91,765$89,188$86,708$84,319$79,040
4 years$70,125$67,457$64,906$62,468$60,137$55,049
5 years$55,539$52,887$50,370$47,982$45,715$40,833
6 years$45,818$43,186$40,706$38,371$36,173$31,502
7 years$38,878$36,268$33,827$31,547$29,418$24,960
8 years$33,674$31,088$28,688$26,464$24,405$20,158
9 years$29,630$27,068$24,709$22,542$20,553$16,514
10 years$26,396$23,859$21,542$19,431$17,512$13,678
11 years$23,752$21,240$18,965$16,911$15,061$11,427
12 years$21,550$19,064$16,831$14,833$13,051$9,613
13 years$19,688$17,228$15,038$13,095$11,381$8,132
14 years$18,094$15,660$13,511$11,625$9,977$6,911
15 years$16,713$14,306$12,199$10,367$8,784$5,895
16 years$15,506$13,125$11,060$9,283$7,763$5,045
17 years$14,443$12,088$10,064$8,340$6,884$4,329
18 years$13,498$11,170$9,187$7,516$6,121$3,723
19 years$12,654$10,352$8,411$6,792$5,455$3,208
20 years$11,895$9,620$7,719$6,151$4,873$2,768
21 years$11,210$8,960$7,100$5,583$4,361$2,392
22 years$10,587$8,364$6,544$5,076$3,909$2,070
23 years$10,020$7,823$6,042$4,623$3,509$1,793
24 years$9,501$7,329$5,588$4,216$3,154$1,554
25 years$9,024$6,878$5,175$3,850$2,838$1,348
26 years$8,584$6,464$4,800$3,521$2,556$1,171
27 years$8,177$6,084$4,457$3,223$2,305$1,017
28 years$7,801$5,733$4,143$2,953$2,080$884
29 years$7,451$5,408$3,856$2,708$1,878$768
30 years$7,124$5,107$3,592$2,485$1,697$668
31 years$6,820$4,828$3,348$2,282$1,534$581
32 years$6,535$4,569$3,124$2,097$1,388$506
33 years$6,268$4,326$2,917$1,929$1,256$440
34 years$6,017$4,100$2,725$1,775$1,137$383
35 years$5,781$3,889$2,548$1,634$1,030$334
36 years$5,559$3,691$2,384$1,504$933$291
37 years$5,349$3,506$2,231$1,386$846$253
38 years$5,151$3,332$2,089$1,278$767$221
39 years$4,963$3,168$1,957$1,178$695$192
40 years$4,785$3,014$1,835$1,087$631$167
41 years$4,616$2,869$1,720$1,003$572$146
42 years$4,456$2,733$1,614$925$519$127
43 years$4,304$2,604$1,514$854$471$111
44 years$4,158$2,482$1,421$789$428$97
45 years$4,020$2,367$1,335$728$388$84
46 years$3,888$2,258$1,254$673$352$73
47 years$3,763$2,155$1,178$622$320$64
48 years$3,642$2,057$1,107$574$291$56
49 years$3,527$1,964$1,040$531$264$49
50 years$3,417$1,876$978$491$240$42

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 $2,824 every year, while hoping to spend $37,291 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: 45/30/25 Blend
44$3,500,000$3,500,000$3,500,000$3,500,000
45$3,859,913$3,674,413$3,620,163$4,005,627
46$4,213,947$3,814,782$3,701,761$4,249,387
47$4,602,842$3,960,779$3,784,843$4,509,738
48$5,030,116$4,112,641$3,869,419$4,791,355
49$5,499,641$4,270,614$3,955,498$5,096,240
50$6,015,687$4,434,956$4,043,089$5,426,591
51$6,582,954$4,605,936$4,132,200$5,784,828
52$7,206,623$4,783,835$4,222,836$6,173,609
53$7,892,401$4,968,945$4,315,004$6,595,858
54$8,646,575$5,161,573$4,408,706$7,054,790
55$9,476,073$5,362,037$4,503,945$7,553,943
56$10,388,528$5,570,672$4,600,722$8,097,205
57$11,392,349$5,787,826$4,699,038$8,688,858
58$12,496,802$6,013,863$4,798,888$9,333,610
59$13,712,095$6,249,162$4,900,271$10,036,642
60$15,049,478$6,494,120$5,003,179$10,803,657
61$16,521,345$6,749,152$5,107,605$11,640,928
62$18,141,351$7,014,690$5,213,540$12,555,362
63$19,924,546$7,291,186$5,320,970$13,554,561
64$21,887,509$7,579,114$5,429,882$14,646,891
65$24,048,510$7,878,965$5,540,258$15,841,564
66$26,427,680$8,191,256$5,652,079$17,148,719
67$29,047,201$8,516,526$5,765,321$18,579,522
68$31,931,516$8,855,337$5,879,960$20,146,262
69$35,107,559$9,208,276$5,995,967$21,862,476
70$38,605,007$9,575,959$6,113,309$23,743,065
71$42,456,564$9,959,027$6,231,951$25,804,439
72$46,698,267$10,358,152$6,351,854$28,064,671
73$51,369,823$10,774,035$6,472,975$30,543,662
74$56,514,991$11,207,408$6,595,265$33,263,329
75$62,181,987$11,659,039$6,718,674$36,247,812
76$68,423,945$12,129,727$6,843,144$39,523,696
77$75,299,413$12,620,309$6,968,616$43,120,264
78$82,872,910$13,131,662$7,095,021$47,069,770
79$91,215,532$13,664,698$7,222,290$51,407,738
80$100,405,624$14,220,376$7,350,344$56,173,302
81$110,529,517$14,799,693$7,479,100$61,409,567
82$121,682,347$15,403,697$7,608,469$67,164,016
83$133,968,948$16,033,480$7,738,354$73,488,956
84$147,504,845$16,690,185$7,868,653$80,442,010
85$162,417,342$17,375,007$7,999,256$88,086,656
86$178,846,724$18,089,196$8,130,044$96,492,823
87$196,947,582$18,834,058$8,260,893$105,737,553
88$216,890,269$19,610,962$8,391,667$115,905,719
89$238,862,513$20,421,335$8,522,225$127,090,830
90$263,071,184$21,266,674$8,652,413$139,395,902
91$289,744,246$22,148,543$8,782,070$152,934,435
92$319,132,915$23,068,577$8,911,025$167,831,478
93$351,514,022$24,028,488$9,039,095$184,224,802
94$387,192,634$25,030,065$9,166,086$202,266,203
95$426,504,925$26,075,181$9,291,792$222,122,928
96$469,821,357$27,165,795$9,415,997$243,979,248
97$517,550,173$28,303,956$9,538,470$268,038,198
98$570,141,250$29,491,809$9,658,968$294,523,483
99$628,090,346$30,731,596$9,777,233$323,681,590
100$691,943,784$32,025,667$9,892,992$355,784,109