Can I retire at age 45 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$231,221$229,162$227,152$225,191$223,276$218,411
2 years$114,466$112,334$110,268$108,265$106,322$101,445
3 years$75,553$73,412$71,351$69,366$67,455$62,718
4 years$56,100$53,965$51,925$49,975$48,109$43,550
5 years$44,431$42,309$40,296$38,385$36,572$32,202
6 years$36,655$34,549$32,565$30,697$28,938$24,762
7 years$31,102$29,014$27,062$25,238$23,535$19,554
8 years$26,940$24,870$22,951$21,171$19,524$15,737
9 years$23,704$21,654$19,767$18,033$16,442$12,846
10 years$21,117$19,087$17,234$15,545$14,010$10,601
11 years$19,001$16,992$15,172$13,529$12,049$8,823
12 years$17,240$15,251$13,465$11,866$10,441$7,393
13 years$15,750$13,783$12,030$10,476$9,105$6,229
14 years$14,475$12,528$10,809$9,300$7,981$5,272
15 years$13,370$11,445$9,759$8,294$7,027$4,479
16 years$12,405$10,500$8,848$7,426$6,211$3,816
17 years$11,554$9,670$8,051$6,672$5,507$3,261
18 years$10,799$8,936$7,350$6,013$4,896$2,792
19 years$10,123$8,282$6,728$5,433$4,364$2,395
20 years$9,516$7,696$6,175$4,921$3,898$2,057
21 years$8,968$7,168$5,680$4,466$3,489$1,770
22 years$8,470$6,691$5,235$4,061$3,127$1,524
23 years$8,016$6,258$4,833$3,698$2,807$1,314
24 years$7,601$5,864$4,470$3,373$2,523$1,134
25 years$7,219$5,503$4,140$3,080$2,270$979
26 years$6,867$5,172$3,840$2,816$2,045$846
27 years$6,542$4,867$3,566$2,578$1,844$731
28 years$6,241$4,586$3,315$2,362$1,664$632
29 years$5,961$4,327$3,085$2,166$1,502$547
30 years$5,700$4,086$2,873$1,988$1,357$473
31 years$5,456$3,863$2,679$1,826$1,227$410
32 years$5,228$3,655$2,499$1,678$1,110$355
33 years$5,014$3,461$2,334$1,543$1,005$307
34 years$4,814$3,280$2,180$1,420$910$266
35 years$4,625$3,111$2,038$1,307$824$231
36 years$4,447$2,953$1,907$1,204$746$200
37 years$4,279$2,805$1,785$1,109$677$173
38 years$4,120$2,666$1,671$1,022$613$150
39 years$3,970$2,535$1,566$942$556$130
40 years$3,828$2,412$1,468$869$504$113
41 years$3,693$2,296$1,376$802$458$98
42 years$3,565$2,186$1,291$740$415$85
43 years$3,443$2,083$1,211$683$377$73
44 years$3,327$1,986$1,137$631$342$64
45 years$3,216$1,893$1,068$583$311$55
46 years$3,111$1,806$1,003$538$282$48
47 years$3,010$1,724$942$497$256$42
48 years$2,914$1,646$885$459$233$36
49 years$2,822$1,571$832$425$211$31
50 years$2,734$1,501$782$392$192$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,800,000, adding $4,155 every year, while hoping to spend $31,167 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: 48/40/12 Blend
44$2,800,000$2,800,000$2,800,000$2,800,000
45$3,089,886$2,941,486$2,898,086$3,227,783
46$3,371,893$3,052,457$2,962,010$3,434,163
47$3,681,620$3,167,822$3,027,032$3,654,543
48$4,021,862$3,287,761$3,093,154$3,893,122
49$4,395,696$3,412,467$3,160,379$4,151,610
50$4,806,516$3,542,136$3,228,711$4,431,885
51$5,258,057$3,676,977$3,298,149$4,736,008
52$5,754,435$3,817,205$3,368,693$5,066,249
53$6,300,185$3,963,046$3,440,342$5,425,102
54$6,900,304$4,114,736$3,513,094$5,815,306
55$7,560,297$4,272,519$3,586,944$6,239,878
56$8,286,227$4,436,653$3,661,887$6,702,132
57$9,084,779$4,607,405$3,737,916$7,205,713
58$9,963,313$4,785,055$3,815,023$7,754,634
59$10,929,942$4,969,894$3,893,198$8,353,306
60$11,993,604$5,162,226$3,972,428$9,006,583
61$13,164,147$5,362,371$4,052,699$9,719,806
62$14,452,422$5,570,659$4,133,997$10,498,853
63$15,870,386$5,787,437$4,216,302$11,350,191
64$17,431,211$6,013,068$4,299,595$12,280,939
65$19,149,416$6,247,930$4,383,852$13,298,930
66$21,040,994$6,492,416$4,469,049$14,412,789
67$23,123,571$6,746,940$4,555,158$15,632,007
68$25,416,568$7,011,932$4,642,147$16,967,035
69$27,941,383$7,287,842$4,729,985$18,429,377
70$30,721,597$7,575,140$4,818,633$20,031,698
71$33,783,195$7,874,317$4,908,052$21,787,945
72$37,154,808$8,185,885$4,998,198$23,713,472
73$40,867,985$8,510,380$5,089,025$25,825,186
74$44,957,493$8,848,362$5,180,481$28,141,707
75$49,461,642$9,200,417$5,272,511$30,683,538
76$54,422,646$9,567,154$5,365,057$33,473,257
77$59,887,023$9,949,212$5,458,054$36,535,732
78$65,906,036$10,347,259$5,551,435$39,898,349
79$72,536,169$10,761,993$5,645,126$43,591,271
80$79,839,669$11,194,141$5,739,048$47,647,719
81$87,885,128$11,644,467$5,833,119$52,104,285
82$96,748,131$12,113,765$5,927,248$57,001,275
83$106,511,969$12,602,869$6,021,340$62,383,084
84$117,268,428$13,112,647$6,115,293$68,298,615
85$129,118,652$13,644,011$6,208,999$74,801,737
86$142,174,097$14,197,910$6,302,343$81,951,792
87$156,557,585$14,775,338$6,395,202$89,814,149
88$172,404,464$15,377,335$6,487,447$98,460,823
89$189,863,882$16,004,987$6,578,938$107,971,145
90$209,100,196$16,659,430$6,669,531$118,432,513
91$230,294,526$17,341,852$6,759,070$129,941,211
92$253,646,460$18,053,495$6,847,392$142,603,315
93$279,375,941$18,795,658$6,934,321$156,535,690
94$307,725,341$19,569,699$7,019,675$171,867,088
95$338,961,751$20,377,040$7,103,260$188,739,362
96$373,379,501$21,219,166$7,184,870$207,308,798
97$411,302,936$22,097,631$7,264,289$227,747,590
98$453,089,482$23,014,061$7,341,289$250,245,453
99$499,133,014$23,970,156$7,415,628$275,011,417
100$549,867,582$24,967,694$7,487,052$302,275,792