Can I retire at age 45 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$232,873$230,799$228,775$226,800$224,871$218,637
2 years$115,284$113,137$111,056$109,038$107,081$100,847
3 years$76,092$73,936$71,860$69,862$67,937$61,898
4 years$56,501$54,351$52,296$50,332$48,453$42,656
5 years$44,748$42,612$40,584$38,659$36,833$31,293
6 years$36,916$34,796$32,798$30,916$29,145$23,867
7 years$31,324$29,221$27,255$25,418$23,703$18,688
8 years$27,132$25,048$23,114$21,323$19,664$14,909
9 years$23,873$21,809$19,909$18,162$16,560$12,060
10 years$21,267$19,223$17,357$15,656$14,110$9,860
11 years$19,137$17,113$15,281$13,625$12,135$8,128
12 years$17,363$15,360$13,561$11,951$10,516$6,744
13 years$15,863$13,881$12,116$10,551$9,170$5,626
14 years$14,578$12,618$10,886$9,366$8,038$4,713
15 years$13,466$11,526$9,829$8,353$7,078$3,962
16 years$12,494$10,575$8,911$7,479$6,255$3,340
17 years$11,637$9,739$8,109$6,720$5,546$2,823
18 years$10,876$9,000$7,402$6,056$4,931$2,390
19 years$10,196$8,341$6,777$5,472$4,396$2,027
20 years$9,584$7,751$6,219$4,956$3,926$1,722
21 years$9,032$7,219$5,720$4,498$3,513$1,465
22 years$8,530$6,739$5,272$4,090$3,149$1,247
23 years$8,073$6,303$4,868$3,725$2,827$1,062
24 years$7,655$5,905$4,502$3,397$2,541$906
25 years$7,270$5,542$4,170$3,102$2,287$773
26 years$6,916$5,209$3,867$2,837$2,060$660
27 years$6,589$4,902$3,591$2,596$1,857$563
28 years$6,285$4,619$3,338$2,379$1,676$481
29 years$6,003$4,357$3,107$2,181$1,513$411
30 years$5,740$4,115$2,894$2,002$1,367$351
31 years$5,495$3,890$2,698$1,839$1,236$300
32 years$5,265$3,681$2,517$1,690$1,118$257
33 years$5,050$3,486$2,350$1,554$1,012$220
34 years$4,848$3,304$2,196$1,430$916$188
35 years$4,658$3,134$2,053$1,316$830$161
36 years$4,479$2,974$1,921$1,212$752$138
37 years$4,310$2,825$1,798$1,117$681$118
38 years$4,150$2,685$1,683$1,029$618$101
39 years$3,999$2,553$1,577$949$560$86
40 years$3,855$2,429$1,478$875$508$74
41 years$3,719$2,312$1,386$808$461$63
42 years$3,590$2,202$1,300$745$418$54
43 years$3,467$2,098$1,220$688$380$46
44 years$3,351$2,000$1,145$635$345$40
45 years$3,239$1,907$1,075$587$313$34
46 years$3,133$1,819$1,010$542$284$29
47 years$3,032$1,736$949$501$258$25
48 years$2,935$1,657$892$463$234$21
49 years$2,842$1,583$838$428$213$18
50 years$2,753$1,512$788$395$193$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,820,000, adding $3,676 every year, while hoping to spend $56,740 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: 68/9/23 Blend
44$2,820,000$2,820,000$2,820,000$2,820,000
45$3,111,432$2,961,972$2,918,262$3,304,599
46$3,368,427$3,046,737$2,955,653$3,519,299
47$3,649,734$3,133,755$2,992,394$3,747,203
48$3,957,773$3,223,075$3,028,405$3,995,188
49$4,295,208$3,314,748$3,063,599$4,265,233
50$4,664,974$3,408,826$3,097,885$4,559,524
51$5,070,304$3,505,361$3,131,167$4,880,462
52$5,514,757$3,604,405$3,163,343$5,230,697
53$6,002,253$3,706,012$3,194,306$5,613,147
54$6,537,111$3,810,235$3,223,944$6,031,026
55$7,124,088$3,917,128$3,252,137$6,487,874
56$7,768,422$4,026,744$3,278,761$6,987,595
57$8,475,885$4,139,139$3,303,683$7,534,486
58$9,252,835$4,254,366$3,326,766$8,133,284
59$10,106,274$4,372,480$3,347,863$8,789,208
60$11,043,918$4,493,536$3,366,820$9,508,008
61$12,074,266$4,617,587$3,383,477$10,296,020
62$13,206,681$4,744,689$3,397,664$11,160,226
63$14,451,480$4,874,896$3,409,202$12,108,318
64$15,820,025$5,008,260$3,417,905$13,148,773
65$17,324,839$5,144,836$3,423,576$14,290,934
66$18,979,716$5,284,677$3,426,009$15,545,092
67$20,799,854$5,427,833$3,424,988$16,922,591
68$22,801,999$5,574,357$3,420,284$18,435,931
69$25,004,600$5,724,297$3,411,661$20,098,885
70$27,427,986$5,877,704$3,398,868$21,926,632
71$30,094,554$6,034,625$3,381,644$23,935,898
72$33,028,983$6,195,106$3,359,713$26,145,116
73$36,258,464$6,359,191$3,332,788$28,574,598
74$39,812,958$6,526,922$3,300,568$31,246,728
75$43,725,479$6,698,341$3,262,736$34,186,175
76$48,032,403$6,873,485$3,218,963$37,420,123
77$52,773,811$7,052,388$3,168,901$40,978,527
78$57,993,869$7,235,085$3,112,188$44,894,403
79$63,741,242$7,421,602$3,048,445$49,204,129
80$70,069,556$7,611,968$2,977,275$53,947,800
81$77,037,899$7,806,202$2,898,262$59,169,598
82$84,711,381$8,004,323$2,810,971$64,918,213
83$93,161,752$8,206,344$2,714,948$71,247,304
84$102,468,069$8,412,274$2,609,717$78,216,001
85$112,717,450$8,622,114$2,494,781$85,889,471
86$124,005,894$8,835,861$2,369,620$94,339,528
87$136,439,184$9,053,507$2,233,691$103,645,311
88$150,133,888$9,275,036$2,086,426$113,894,035
89$165,218,455$9,500,423$1,927,232$125,181,814
90$181,834,432$9,729,638$1,755,489$137,614,566
91$200,137,794$9,962,642$1,570,549$151,309,017
92$220,300,422$10,199,384$1,371,735$166,393,801
93$242,511,718$10,439,806$1,158,341$183,010,677
94$266,980,396$10,683,840$929,628$201,315,864
95$293,936,453$10,931,405$684,827$221,481,524
96$323,633,336$11,182,408$423,133$243,697,379
97$356,350,334$11,436,744$143,707$268,172,511
98$392,395,218$11,694,294$0$295,137,329
99$432,107,141$11,954,925$0$324,883,667
100$475,859,839$12,218,486$0$357,693,534