Can I retire at age 45 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$240,305$238,165$236,076$234,038$232,047$227,548
2 years$118,963$116,747$114,600$112,518$110,499$105,984
3 years$78,521$76,296$74,154$72,091$70,105$65,716
4 years$58,304$56,085$53,965$51,938$49,999$45,770
5 years$46,177$43,972$41,879$39,893$38,009$33,950
6 years$38,095$35,906$33,845$31,903$30,075$26,192
7 years$32,324$30,154$28,125$26,229$24,459$20,753
8 years$27,998$25,847$23,852$22,003$20,291$16,760
9 years$24,635$22,505$20,544$18,742$17,088$13,731
10 years$21,946$19,837$17,911$16,156$14,560$11,373
11 years$19,748$17,660$15,768$14,060$12,522$9,501
12 years$17,917$15,850$13,994$12,333$10,851$7,992
13 years$16,369$14,324$12,503$10,888$9,463$6,761
14 years$15,044$13,020$11,234$9,665$8,295$5,746
15 years$13,896$11,894$10,142$8,620$7,303$4,901
16 years$12,892$10,913$9,196$7,718$6,455$4,195
17 years$12,008$10,050$8,368$6,934$5,723$3,599
18 years$11,223$9,287$7,639$6,249$5,089$3,095
19 years$10,521$8,607$6,993$5,647$4,536$2,667
20 years$9,890$7,998$6,418$5,114$4,051$2,302
21 years$9,320$7,450$5,903$4,641$3,626$1,989
22 years$8,803$6,954$5,441$4,220$3,250$1,721
23 years$8,331$6,504$5,023$3,843$2,917$1,491
24 years$7,899$6,094$4,646$3,505$2,622$1,292
25 years$7,502$5,719$4,303$3,201$2,359$1,121
26 years$7,137$5,375$3,991$2,927$2,125$973
27 years$6,799$5,058$3,706$2,679$1,916$845
28 years$6,486$4,766$3,445$2,455$1,729$735
29 years$6,195$4,497$3,206$2,251$1,561$639
30 years$5,924$4,246$2,986$2,066$1,411$555
31 years$5,670$4,014$2,784$1,897$1,275$483
32 years$5,433$3,798$2,597$1,744$1,154$421
33 years$5,211$3,597$2,425$1,604$1,044$366
34 years$5,003$3,409$2,266$1,475$945$319
35 years$4,807$3,234$2,119$1,358$856$277
36 years$4,622$3,069$1,982$1,251$776$242
37 years$4,447$2,915$1,855$1,152$703$211
38 years$4,282$2,770$1,737$1,062$637$183
39 years$4,126$2,634$1,627$979$578$160
40 years$3,978$2,506$1,525$903$524$139
41 years$3,838$2,386$1,430$834$476$121
42 years$3,705$2,272$1,342$769$432$106
43 years$3,578$2,165$1,259$710$392$92
44 years$3,457$2,064$1,182$656$356$80
45 years$3,343$1,968$1,110$606$323$70
46 years$3,233$1,877$1,042$559$293$61
47 years$3,128$1,791$979$517$266$53
48 years$3,028$1,710$920$477$242$46
49 years$2,933$1,633$865$441$219$40
50 years$2,841$1,560$813$408$199$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,910,000, adding $2,866 every year, while hoping to spend $20,961 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: 55/24/21 Blend
44$2,910,000$2,910,000$2,910,000$2,910,000
45$3,209,776$3,055,546$3,010,441$3,367,859
46$3,514,871$3,182,966$3,088,989$3,603,796
47$3,850,383$3,315,926$3,169,465$3,858,143
48$4,219,393$3,454,677$3,251,913$4,134,679
49$4,625,294$3,599,479$3,336,375$4,435,539
50$5,071,826$3,750,606$3,422,895$4,763,065
51$5,563,109$3,908,342$3,511,519$5,119,837
52$6,103,682$4,072,987$3,602,291$5,508,692
53$6,698,548$4,244,854$3,695,258$5,932,750
54$7,353,217$4,424,269$3,790,466$6,395,443
55$8,073,762$4,611,575$3,887,964$6,900,549
56$8,866,873$4,807,130$3,987,799$7,452,225
57$9,739,925$5,011,309$4,090,020$8,055,043
58$10,701,039$5,224,506$4,194,678$8,714,037
59$11,759,168$5,447,129$4,301,822$9,434,747
60$12,924,174$5,679,610$4,411,505$10,223,270
61$14,206,927$5,922,398$4,523,777$11,086,319
62$15,619,402$6,175,963$4,638,692$12,031,282
63$17,174,795$6,440,800$4,756,302$13,066,293
64$18,887,648$6,717,423$4,876,662$14,200,307
65$20,773,985$7,006,373$4,999,827$15,443,185
66$22,851,461$7,308,215$5,125,851$16,805,782
67$25,139,533$7,623,541$5,254,790$18,300,051
68$27,659,642$7,952,971$5,386,702$19,939,157
69$30,435,412$8,297,153$5,521,643$21,737,593
70$33,492,876$8,656,766$5,659,670$23,711,322
71$36,860,723$9,032,521$5,800,843$25,877,925
72$40,570,565$9,425,163$5,945,220$28,256,761
73$44,657,238$9,835,471$6,092,859$30,869,153
74$49,159,128$10,264,261$6,243,822$33,738,586
75$54,118,536$10,712,387$6,398,167$36,890,928
76$59,582,078$11,180,745$6,555,957$40,354,669
77$65,601,119$11,670,270$6,717,251$44,161,193
78$72,232,265$12,181,946$6,882,110$48,345,068
79$79,537,893$12,716,798$7,050,598$52,944,373
80$87,586,740$13,275,902$7,222,774$58,001,054
81$96,454,552$13,860,387$7,398,702$63,561,318
82$106,224,802$14,471,431$7,578,444$69,676,069
83$116,989,471$15,110,270$7,762,061$76,401,381
84$128,849,923$15,778,200$7,949,616$83,799,031
85$141,917,858$16,476,575$8,141,172$91,937,074
86$156,316,368$17,206,815$8,336,789$100,890,489
87$172,181,097$17,970,408$8,536,531$110,741,876
88$189,661,523$18,768,912$8,740,459$121,582,241
89$208,922,368$19,603,958$8,948,634$133,511,845
90$230,145,153$20,477,256$9,161,116$146,641,152
91$253,529,912$21,390,595$9,377,968$161,091,867
92$279,297,080$22,345,851$9,599,247$176,998,081
93$307,689,574$23,344,990$9,825,013$194,507,532
94$338,975,084$24,390,068$10,055,324$213,783,001
95$373,448,603$25,483,241$10,290,238$235,003,835
96$411,435,209$26,626,769$10,529,810$258,367,649
97$453,293,138$27,823,018$10,774,096$284,092,173
98$499,417,158$29,074,467$11,023,149$312,417,316
99$550,242,305$30,383,712$11,277,021$343,607,416
100$606,247,981$31,753,475$11,535,762$377,953,736