Can I retire at age 45 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$234,525$232,436$230,397$228,408$226,466$219,129
2 years$116,101$113,939$111,843$109,812$107,841$100,518
3 years$76,632$74,460$72,370$70,357$68,419$61,339
4 years$56,901$54,736$52,667$50,689$48,797$42,015
5 years$45,066$42,914$40,872$38,934$37,094$30,629
6 years$37,178$35,042$33,030$31,136$29,352$23,208
7 years$31,546$29,429$27,448$25,598$23,871$18,048
8 years$27,324$25,226$23,278$21,474$19,803$14,297
9 years$24,042$21,964$20,050$18,291$16,677$11,481
10 years$21,418$19,360$17,480$15,767$14,210$9,316
11 years$19,273$17,235$15,389$13,722$12,221$7,620
12 years$17,486$15,469$13,657$12,036$10,590$6,273
13 years$15,975$13,980$12,202$10,626$9,235$5,190
14 years$14,682$12,707$10,963$9,433$8,095$4,312
15 years$13,561$11,608$9,899$8,412$7,128$3,594
16 years$12,582$10,650$8,974$7,532$6,300$3,004
17 years$11,719$9,808$8,166$6,768$5,586$2,517
18 years$10,953$9,063$7,455$6,099$4,966$2,112
19 years$10,268$8,400$6,825$5,511$4,427$1,776
20 years$9,652$7,806$6,263$4,991$3,954$1,494
21 years$9,096$7,271$5,761$4,530$3,538$1,259
22 years$8,591$6,787$5,310$4,119$3,172$1,062
23 years$8,131$6,348$4,903$3,751$2,847$896
24 years$7,709$5,947$4,534$3,421$2,559$757
25 years$7,322$5,581$4,199$3,124$2,303$640
26 years$6,965$5,245$3,895$2,857$2,074$541
27 years$6,635$4,937$3,617$2,615$1,870$457
28 years$6,330$4,652$3,362$2,396$1,687$387
29 years$6,046$4,388$3,129$2,197$1,524$327
30 years$5,781$4,144$2,914$2,016$1,377$277
31 years$5,534$3,918$2,717$1,852$1,245$235
32 years$5,303$3,707$2,535$1,702$1,126$199
33 years$5,086$3,511$2,367$1,565$1,019$168
34 years$4,882$3,327$2,211$1,440$923$142
35 years$4,691$3,156$2,068$1,326$836$121
36 years$4,511$2,995$1,934$1,221$757$102
37 years$4,340$2,845$1,810$1,125$686$87
38 years$4,179$2,704$1,695$1,037$622$73
39 years$4,027$2,571$1,588$956$564$62
40 years$3,883$2,446$1,489$882$512$53
41 years$3,746$2,328$1,396$813$464$45
42 years$3,616$2,217$1,309$751$421$38
43 years$3,492$2,113$1,229$693$382$32
44 years$3,374$2,014$1,153$640$347$27
45 years$3,262$1,920$1,083$591$315$23
46 years$3,155$1,832$1,017$546$286$19
47 years$3,053$1,748$956$504$260$17
48 years$2,955$1,669$898$466$236$14
49 years$2,862$1,594$844$431$214$12
50 years$2,773$1,522$794$398$195$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,840,000, adding $6,743 every year, while hoping to spend $58,302 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: 33/40/27 Blend
44$2,840,000$2,840,000$2,840,000$2,840,000
45$3,136,635$2,986,115$2,942,095$3,214,187
46$3,394,539$3,070,402$2,978,623$3,357,834
47$3,676,795$3,156,865$3,014,420$3,506,869
48$3,985,826$3,245,549$3,049,400$3,666,350
49$4,324,299$3,336,499$3,083,474$3,837,239
50$4,695,151$3,429,761$3,116,544$4,020,598
51$5,101,618$3,525,382$3,148,510$4,217,594
52$5,547,263$3,623,405$3,179,265$4,429,512
53$6,036,010$3,723,878$3,208,696$4,657,768
54$6,572,182$3,826,847$3,236,686$4,903,919
55$7,160,538$3,932,356$3,263,109$5,169,682
56$7,806,324$4,040,453$3,287,834$5,456,946
57$8,515,316$4,151,181$3,310,723$5,767,792
58$9,293,876$4,264,587$3,331,630$6,104,514
59$10,149,014$4,380,715$3,350,403$6,469,636
60$11,088,452$4,499,608$3,366,880$6,865,939
61$12,120,696$4,621,311$3,380,892$7,296,490
62$13,255,117$4,745,866$3,392,262$7,764,663
63$14,502,040$4,873,314$3,400,804$8,274,180
64$15,872,839$5,003,697$3,406,321$8,829,139
65$17,380,044$5,137,053$3,408,608$9,434,056
66$19,037,461$5,273,422$3,407,450$10,093,909
67$20,860,301$5,412,839$3,402,619$10,814,181
68$22,865,324$5,555,339$3,393,878$11,600,915
69$25,070,993$5,700,957$3,380,979$12,460,771
70$27,497,652$5,849,722$3,363,660$13,401,087
71$30,167,717$6,001,663$3,341,647$14,429,952
72$33,105,886$6,156,806$3,314,654$15,556,276
73$36,339,371$6,315,174$3,282,380$16,789,884
74$39,898,158$6,476,789$3,244,510$18,141,599
75$43,815,284$6,641,665$3,200,715$19,623,353
76$48,127,154$6,809,818$3,150,650$21,248,293
77$52,873,879$6,981,255$3,093,953$23,030,910
78$58,099,661$7,155,982$3,030,246$24,987,175
79$63,853,200$7,333,999$2,959,133$27,134,687
80$70,188,162$7,515,301$2,880,200$29,492,847
81$77,163,682$7,699,878$2,793,014$32,083,034
82$84,844,919$7,887,713$2,697,121$34,928,810
83$93,303,674$8,078,785$2,592,048$38,056,147
84$102,619,067$8,273,063$2,477,300$41,493,665
85$112,878,279$8,470,511$2,352,357$45,272,910
86$124,177,381$8,671,084$2,216,679$49,428,650
87$136,622,236$8,874,728$2,069,699$53,999,202
88$150,329,497$9,081,383$1,910,826$59,026,798
89$165,427,709$9,290,974$1,739,443$64,557,983
90$182,058,525$9,503,421$1,554,904$70,644,055
91$200,378,035$9,718,629$1,356,534$77,341,552
92$220,558,246$9,936,493$1,143,629$84,712,785
93$242,788,700$10,156,895$915,453$92,826,428
94$267,278,266$10,379,701$671,240$101,758,170
95$294,257,109$10,604,767$410,186$111,591,427
96$323,978,863$10,831,929$131,456$122,418,135
97$356,723,023$11,061,009$0$134,339,618
98$392,797,584$11,291,811$0$147,515,366
99$432,541,947$11,524,120$0$162,064,154
100$476,330,125$11,757,701$0$178,083,982