Can I retire at age 45 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$233,699$231,617$229,586$227,604$225,668$222,296
2 years$115,692$113,538$111,450$109,425$107,461$104,071
3 years$76,362$74,198$72,115$70,110$68,178$64,876
4 years$56,701$54,544$52,481$50,510$48,625$45,436
5 years$44,907$42,763$40,728$38,797$36,964$33,898
6 years$37,047$34,919$32,914$31,026$29,248$26,308
7 years$31,435$29,325$27,352$25,508$23,787$20,973
8 years$27,228$25,137$23,196$21,398$19,733$17,047
9 years$23,958$21,886$19,979$18,226$16,618$14,057
10 years$21,343$19,292$17,418$15,711$14,160$11,722
11 years$19,205$17,174$15,335$13,674$12,178$9,861
12 years$17,424$15,415$13,609$11,994$10,553$8,354
13 years$15,919$13,930$12,159$10,589$9,202$7,118
14 years$14,630$12,662$10,925$9,399$8,067$6,094
15 years$13,514$11,567$9,864$8,383$7,103$5,238
16 years$12,538$10,613$8,943$7,506$6,277$4,518
17 years$11,678$9,774$8,138$6,744$5,566$3,907
18 years$10,914$9,032$7,429$6,077$4,949$3,387
19 years$10,232$8,370$6,801$5,492$4,411$2,942
20 years$9,618$7,778$6,241$4,974$3,940$2,560
21 years$9,064$7,245$5,741$4,514$3,526$2,231
22 years$8,561$6,763$5,291$4,104$3,160$1,946
23 years$8,102$6,325$4,885$3,738$2,837$1,700
24 years$7,682$5,926$4,518$3,409$2,550$1,487
25 years$7,296$5,562$4,185$3,113$2,295$1,301
26 years$6,941$5,227$3,881$2,847$2,067$1,139
27 years$6,612$4,919$3,604$2,606$1,863$999
28 years$6,307$4,635$3,350$2,387$1,681$876
29 years$6,024$4,373$3,118$2,189$1,518$768
30 years$5,761$4,130$2,904$2,009$1,372$674
31 years$5,514$3,904$2,707$1,845$1,240$592
32 years$5,284$3,694$2,526$1,696$1,122$520
33 years$5,068$3,498$2,359$1,559$1,015$457
34 years$4,865$3,316$2,204$1,435$919$401
35 years$4,674$3,145$2,060$1,321$833$353
36 years$4,495$2,985$1,927$1,216$754$310
37 years$4,325$2,835$1,804$1,121$684$273
38 years$4,165$2,694$1,689$1,033$620$240
39 years$4,013$2,562$1,583$953$562$211
40 years$3,869$2,437$1,483$879$510$185
41 years$3,733$2,320$1,391$811$463$163
42 years$3,603$2,210$1,305$748$420$143
43 years$3,480$2,105$1,224$691$381$126
44 years$3,362$2,007$1,149$638$346$111
45 years$3,251$1,914$1,079$589$314$98
46 years$3,144$1,826$1,014$544$285$86
47 years$3,042$1,742$952$503$259$76
48 years$2,945$1,663$895$464$235$67
49 years$2,852$1,588$841$429$213$59
50 years$2,763$1,517$791$397$194$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,830,000, adding $2,142 every year, while hoping to spend $59,175 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: 49/27/24 Blend
44$2,830,000$2,830,000$2,830,000$2,830,000
45$3,120,869$2,970,879$2,927,014$3,252,509
46$3,376,236$3,053,491$2,962,108$3,427,148
47$3,655,667$3,138,167$2,996,393$3,610,663
48$3,961,555$3,224,946$3,029,782$3,808,842
49$4,296,532$3,313,868$3,062,178$4,023,094
50$4,663,501$3,404,969$3,093,484$4,254,973
51$5,065,655$3,498,290$3,123,592$4,506,187
52$5,506,513$3,593,867$3,152,394$4,778,621
53$5,989,949$3,691,739$3,179,771$5,074,348
54$6,520,232$3,791,942$3,205,601$5,395,653
55$7,102,062$3,894,513$3,229,755$5,745,053
56$7,740,617$3,999,489$3,252,096$6,125,321
57$8,441,600$4,106,904$3,272,481$6,539,510
58$9,211,293$4,216,792$3,290,760$6,990,985
59$10,056,618$4,329,188$3,306,773$7,483,454
60$10,985,197$4,444,122$3,320,354$8,021,001
61$12,005,430$4,561,627$3,331,329$8,608,128
62$13,126,569$4,681,732$3,339,513$9,249,793
63$14,358,806$4,804,464$3,344,714$9,951,460
64$15,713,371$4,929,850$3,346,729$10,719,150
65$17,202,636$5,057,913$3,345,346$11,559,499
66$18,840,231$5,188,677$3,340,341$12,479,816
67$20,641,172$5,322,160$3,331,480$13,488,160
68$22,622,006$5,458,380$3,318,518$14,593,408
69$24,800,960$5,597,350$3,301,199$15,805,344
70$27,198,121$5,739,083$3,279,252$17,134,751
71$29,835,617$5,883,586$3,252,394$18,593,509
72$32,737,831$6,030,863$3,220,331$20,194,714
73$35,931,629$6,180,914$3,182,751$21,952,795
74$39,446,612$6,333,736$3,139,330$23,883,656
75$43,315,398$6,489,320$3,089,729$26,004,822
76$47,573,924$6,647,652$3,033,590$28,335,608
77$52,261,791$6,808,714$2,970,542$30,897,300
78$57,422,633$6,972,481$2,900,195$33,713,356
79$63,104,531$7,138,921$2,822,141$36,809,629
80$69,360,463$7,307,998$2,735,952$40,214,610
81$76,248,807$7,479,667$2,641,183$43,959,698
82$83,833,889$7,653,875$2,537,368$48,079,500
83$92,186,593$7,830,562$2,424,017$52,612,153
84$101,385,025$8,009,659$2,300,620$57,599,685
85$111,515,252$8,191,086$2,166,645$63,088,419
86$122,672,114$8,374,756$2,021,534$69,129,402
87$134,960,118$8,560,568$1,864,704$75,778,895
88$148,494,426$8,748,411$1,695,547$83,098,899
89$163,401,936$8,938,163$1,513,428$91,157,747
90$179,822,487$9,129,686$1,317,681$100,030,744
91$197,910,171$9,322,831$1,107,613$109,800,884
92$217,834,791$9,517,432$882,501$120,559,631
93$239,783,463$9,713,309$641,588$132,407,786
94$263,962,379$9,910,264$384,083$145,456,436
95$290,598,756$10,108,081$109,165$159,828,010
96$319,942,978$10,306,526$0$175,657,431
97$352,270,960$10,505,345$0$193,140,568
98$387,886,751$10,704,259$0$212,427,016
99$427,125,403$10,902,972$0$233,669,626
100$470,356,135$11,101,159$0$257,067,675