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%12.6%
1 years$234,525$232,436$230,397$228,408$226,466$224,007
2 years$116,101$113,939$111,843$109,812$107,841$105,366
3 years$76,632$74,460$72,370$70,357$68,419$66,003
4 years$56,901$54,736$52,667$50,689$48,797$46,460
5 years$45,066$42,914$40,872$38,934$37,094$34,843
6 years$37,178$35,042$33,030$31,136$29,352$27,188
7 years$31,546$29,429$27,448$25,598$23,871$21,797
8 years$27,324$25,226$23,278$21,474$19,803$17,818
9 years$24,042$21,964$20,050$18,291$16,677$14,780
10 years$21,418$19,360$17,480$15,767$14,210$12,399
11 years$19,273$17,235$15,389$13,722$12,221$10,496
12 years$17,486$15,469$13,657$12,036$10,590$8,949
13 years$15,975$13,980$12,202$10,626$9,235$7,675
14 years$14,682$12,707$10,963$9,433$8,095$6,615
15 years$13,561$11,608$9,899$8,412$7,128$5,725
16 years$12,582$10,650$8,974$7,532$6,300$4,971
17 years$11,719$9,808$8,166$6,768$5,586$4,330
18 years$10,953$9,063$7,455$6,099$4,966$3,780
19 years$10,268$8,400$6,825$5,511$4,427$3,308
20 years$9,652$7,806$6,263$4,991$3,954$2,900
21 years$9,096$7,271$5,761$4,530$3,538$2,546
22 years$8,591$6,787$5,310$4,119$3,172$2,238
23 years$8,131$6,348$4,903$3,751$2,847$1,970
24 years$7,709$5,947$4,534$3,421$2,559$1,736
25 years$7,322$5,581$4,199$3,124$2,303$1,532
26 years$6,965$5,245$3,895$2,857$2,074$1,352
27 years$6,635$4,937$3,617$2,615$1,870$1,194
28 years$6,330$4,652$3,362$2,396$1,687$1,056
29 years$6,046$4,388$3,129$2,197$1,524$934
30 years$5,781$4,144$2,914$2,016$1,377$826
31 years$5,534$3,918$2,717$1,852$1,245$731
32 years$5,303$3,707$2,535$1,702$1,126$648
33 years$5,086$3,511$2,367$1,565$1,019$574
34 years$4,882$3,327$2,211$1,440$923$508
35 years$4,691$3,156$2,068$1,326$836$450
36 years$4,511$2,995$1,934$1,221$757$399
37 years$4,340$2,845$1,810$1,125$686$354
38 years$4,179$2,704$1,695$1,037$622$314
39 years$4,027$2,571$1,588$956$564$279
40 years$3,883$2,446$1,489$882$512$247
41 years$3,746$2,328$1,396$813$464$219
42 years$3,616$2,217$1,309$751$421$195
43 years$3,492$2,113$1,229$693$382$173
44 years$3,374$2,014$1,153$640$347$153
45 years$3,262$1,920$1,083$591$315$136
46 years$3,155$1,832$1,017$546$286$121
47 years$3,053$1,748$956$504$260$107
48 years$2,955$1,669$898$466$236$95
49 years$2,862$1,594$844$431$214$84
50 years$2,773$1,522$794$398$195$75

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 $2,285 every year, while hoping to spend $41,190 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: 36/41/23 Blend
44$2,840,000$2,840,000$2,840,000$2,840,000
45$3,132,037$2,981,517$2,937,497$3,222,968
46$3,407,679$3,083,785$2,992,077$3,392,259
47$3,710,056$3,189,685$3,047,106$3,570,933
48$4,041,851$3,299,349$3,102,553$3,763,001
49$4,406,021$3,412,918$3,158,390$3,969,686
50$4,805,821$3,530,536$3,214,581$4,192,336
51$5,244,837$3,652,355$3,271,093$4,432,430
52$5,727,021$3,778,532$3,327,885$4,691,593
53$6,256,725$3,909,227$3,384,917$4,971,612
54$6,838,744$4,044,612$3,442,144$5,274,452
55$7,478,359$4,184,862$3,499,519$5,602,273
56$8,181,390$4,330,158$3,556,992$5,957,449
57$8,954,248$4,480,692$3,614,507$6,342,593
58$9,803,995$4,636,660$3,672,007$6,760,578
59$10,738,413$4,798,267$3,729,430$7,214,566
60$11,766,077$4,965,727$3,786,711$7,708,033
61$12,896,430$5,139,262$3,843,780$8,244,805
62$14,139,882$5,319,101$3,900,562$8,829,093
63$15,507,898$5,505,486$3,956,979$9,465,532
64$17,013,113$5,698,664$4,012,947$10,159,219
65$18,669,447$5,898,895$4,068,377$10,915,769
66$20,492,239$6,106,449$4,123,176$11,741,360
67$22,498,388$6,321,605$4,177,244$12,642,795
68$24,706,517$6,544,657$4,230,474$13,627,560
69$27,137,144$6,775,907$4,282,757$14,703,900
70$29,812,877$7,015,671$4,333,974$15,880,894
71$32,758,629$7,264,278$4,384,001$17,168,535
72$36,001,850$7,522,069$4,432,706$18,577,829
73$39,572,787$7,789,399$4,479,950$20,120,898
74$43,504,771$8,066,639$4,525,588$21,811,087
75$47,834,528$8,354,174$4,569,465$23,663,095
76$52,602,526$8,652,405$4,611,418$25,693,113
77$57,853,359$8,961,748$4,651,277$27,918,970
78$63,636,167$9,282,639$4,688,860$30,360,304
79$70,005,096$9,615,529$4,723,977$33,038,746
80$77,019,815$9,960,889$4,756,429$35,978,123
81$84,746,073$10,319,209$4,786,006$39,204,680
82$93,256,321$10,690,999$4,812,486$42,747,327
83$102,630,398$11,076,790$4,835,636$46,637,910
84$112,956,282$11,477,136$4,855,213$50,911,514
85$124,330,920$11,892,613$4,870,960$55,606,785
86$136,861,143$12,323,820$4,882,607$60,766,301
87$150,664,676$12,771,384$4,889,871$66,436,966
88$165,871,246$13,235,955$4,892,454$72,670,455
89$182,623,807$13,718,211$4,890,046$79,523,700
90$201,079,891$14,218,859$4,882,318$87,059,422
91$221,413,092$14,738,635$4,868,928$95,346,726
92$243,814,706$15,278,306$4,849,515$104,461,746
93$268,495,535$15,838,672$4,823,702$114,488,367
94$295,687,877$16,420,565$4,791,095$125,519,011
95$325,647,721$17,024,853$4,751,277$137,655,509
96$358,657,160$17,652,442$4,703,815$151,010,058
97$395,027,052$18,304,273$4,648,255$165,706,281
98$435,099,959$18,981,330$4,584,120$181,880,388
99$479,253,378$19,684,638$4,510,910$199,682,463
100$527,903,302$20,415,265$4,428,105$219,277,873