Can I retire at age 45 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$236,176$234,072$232,020$230,017$228,060$220,937
2 years$116,919$114,741$112,631$110,585$108,600$101,487
3 years$77,172$74,985$72,880$70,853$68,900$62,020
4 years$57,302$55,122$53,038$51,045$49,140$42,546
5 years$45,383$43,216$41,159$39,208$37,356$31,065
6 years$37,440$35,289$33,263$31,355$29,558$23,577
7 years$31,769$29,636$27,642$25,779$24,039$18,366
8 years$27,517$25,403$23,442$21,625$19,943$14,575
9 years$24,212$22,118$20,191$18,420$16,794$11,726
10 years$21,569$19,496$17,603$15,878$14,310$9,533
11 years$19,408$17,356$15,497$13,819$12,307$7,813
12 years$17,609$15,578$13,753$12,121$10,665$6,444
13 years$16,088$14,078$12,288$10,701$9,300$5,343
14 years$14,785$12,796$11,041$9,499$8,152$4,448
15 years$13,657$11,690$9,968$8,471$7,178$3,715
16 years$12,671$10,725$9,038$7,585$6,344$3,112
17 years$11,802$9,878$8,224$6,815$5,625$2,613
18 years$11,030$9,127$7,507$6,142$5,001$2,198
19 years$10,340$8,459$6,873$5,550$4,458$1,852
20 years$9,720$7,861$6,307$5,026$3,982$1,562
21 years$9,160$7,322$5,802$4,562$3,563$1,319
22 years$8,651$6,835$5,347$4,148$3,194$1,115
23 years$8,188$6,392$4,937$3,777$2,867$943
24 years$7,763$5,989$4,566$3,445$2,577$799
25 years$7,374$5,621$4,229$3,146$2,319$677
26 years$7,014$5,282$3,922$2,877$2,089$573
27 years$6,682$4,971$3,642$2,633$1,883$486
28 years$6,374$4,684$3,386$2,413$1,699$412
29 years$6,088$4,419$3,151$2,212$1,534$350
30 years$5,822$4,174$2,935$2,030$1,386$297
31 years$5,573$3,945$2,736$1,865$1,253$252
32 years$5,340$3,733$2,553$1,714$1,134$214
33 years$5,122$3,535$2,384$1,576$1,026$181
34 years$4,917$3,351$2,227$1,450$929$154
35 years$4,724$3,178$2,082$1,335$841$131
36 years$4,542$3,016$1,948$1,229$762$111
37 years$4,371$2,865$1,823$1,133$691$94
38 years$4,209$2,723$1,707$1,044$626$80
39 years$4,055$2,589$1,599$963$568$68
40 years$3,910$2,463$1,499$888$515$58
41 years$3,772$2,345$1,406$819$467$49
42 years$3,641$2,233$1,319$756$424$42
43 years$3,517$2,128$1,237$698$385$35
44 years$3,398$2,028$1,162$644$349$30
45 years$3,285$1,934$1,091$595$317$26
46 years$3,177$1,845$1,024$550$288$22
47 years$3,075$1,761$962$508$262$18
48 years$2,976$1,681$904$469$238$16
49 years$2,882$1,605$850$434$216$13
50 years$2,792$1,533$799$401$196$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,860,000, adding $6,839 every year, while hoping to spend $42,704 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: 83/5/12 Blend
44$2,860,000$2,860,000$2,860,000$2,860,000
45$3,158,774$3,007,194$2,962,864$3,413,744
46$3,435,533$3,109,110$3,016,684$3,683,687
47$3,739,089$3,214,589$3,070,875$3,973,721
48$4,072,132$3,323,759$3,125,405$4,290,966
49$4,437,622$3,436,756$3,180,238$4,638,131
50$4,838,822$3,553,719$3,235,338$5,018,203
51$5,279,323$3,674,793$3,290,664$5,434,472
52$5,763,084$3,800,128$3,346,172$5,890,559
53$6,294,465$3,929,881$3,401,815$6,390,456
54$6,878,269$4,064,213$3,457,544$6,938,557
55$7,519,786$4,203,294$3,513,305$7,539,704
56$8,224,846$4,347,297$3,569,043$8,199,232
57$8,999,870$4,496,404$3,624,696$8,923,017
58$9,851,934$4,650,805$3,680,200$9,717,531
59$10,788,832$4,810,695$3,735,487$10,589,906
60$11,819,151$4,976,277$3,790,484$11,547,998
61$12,952,353$5,147,764$3,845,114$12,600,464
62$14,198,863$5,325,374$3,899,295$13,756,839
63$15,570,166$5,509,336$3,952,940$15,027,632
64$17,078,917$5,699,888$4,005,958$16,424,416
65$18,739,059$5,897,275$4,058,250$17,959,948
66$20,565,956$6,101,754$4,109,714$19,648,280
67$22,576,534$6,313,591$4,160,241$21,504,896
68$24,789,447$6,533,063$4,209,715$23,546,856
69$27,225,245$6,760,458$4,258,015$25,792,958
70$29,906,574$6,996,074$4,305,012$28,263,915
71$32,858,385$7,240,222$4,350,571$30,982,549
72$36,108,173$7,493,226$4,394,548$33,974,007
73$39,686,234$7,755,421$4,436,793$37,266,000
74$43,625,951$8,027,158$4,477,146$40,889,060
75$47,964,108$8,308,798$4,515,440$44,876,830
76$52,741,238$8,600,721$4,551,499$49,266,385
77$58,002,007$8,903,319$4,585,137$54,098,573
78$63,795,631$9,217,001$4,616,158$59,418,410
79$70,176,344$9,542,192$4,644,357$65,275,498
80$77,203,906$9,879,334$4,669,518$71,724,495
81$84,944,170$10,228,888$4,691,414$78,825,629
82$93,469,705$10,591,333$4,709,805$86,645,272
83$102,860,472$10,967,165$4,724,441$95,256,557
84$113,204,589$11,356,905$4,735,058$104,740,076
85$124,599,154$11,761,091$4,741,380$115,184,637
86$137,151,168$12,180,284$4,743,116$126,688,101
87$150,978,538$12,615,069$4,739,962$139,358,308
88$166,211,196$13,066,055$4,731,597$153,314,092
89$182,992,319$13,533,873$4,717,687$168,686,407
90$201,479,686$14,019,183$4,697,880$185,619,555
91$221,847,162$14,522,671$4,671,807$204,272,555
92$244,286,342$15,045,051$4,639,082$224,820,642
93$269,008,357$15,587,067$4,599,299$247,456,919
94$296,245,870$16,149,493$4,552,036$272,394,180
95$326,255,266$16,733,136$4,496,847$299,866,920
96$359,319,079$17,338,835$4,433,267$330,133,547
97$395,748,653$17,967,466$4,360,809$363,478,821
98$435,887,083$18,619,939$4,278,963$400,216,543
99$480,112,452$19,297,203$4,187,196$440,692,516
100$528,841,404$20,000,247$4,084,948$485,287,807