Can I retire at age 45 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$241,957$239,801$237,699$235,646$233,642$225,712
2 years$119,781$117,550$115,388$113,292$111,258$103,348
3 years$79,060$76,820$74,664$72,587$70,587$62,945
4 years$58,704$56,471$54,336$52,295$50,343$43,028
5 years$46,494$44,274$42,167$40,167$38,270$31,302
6 years$38,356$36,153$34,077$32,122$30,282$23,665
7 years$32,546$30,361$28,318$26,409$24,627$18,362
8 years$28,190$26,025$24,016$22,154$20,431$14,511
9 years$24,804$22,660$20,685$18,870$17,206$11,625
10 years$22,097$19,973$18,034$16,267$14,660$9,409
11 years$19,884$17,781$15,877$14,157$12,608$7,676
12 years$18,040$15,959$14,090$12,417$10,926$6,302
13 years$16,482$14,423$12,589$10,963$9,528$5,200
14 years$15,147$13,110$11,311$9,731$8,352$4,308
15 years$13,991$11,976$10,212$8,679$7,354$3,581
16 years$12,981$10,988$9,259$7,771$6,499$2,985
17 years$12,091$10,119$8,425$6,982$5,763$2,493
18 years$11,300$9,351$7,691$6,292$5,124$2,086
19 years$10,593$8,666$7,041$5,686$4,567$1,748
20 years$9,958$8,053$6,462$5,149$4,079$1,467
21 years$9,384$7,501$5,944$4,673$3,651$1,232
22 years$8,863$7,002$5,478$4,249$3,272$1,036
23 years$8,388$6,549$5,058$3,870$2,937$872
24 years$7,953$6,136$4,678$3,530$2,640$734
25 years$7,554$5,758$4,332$3,223$2,376$618
26 years$7,186$5,412$4,018$2,947$2,140$521
27 years$6,846$5,093$3,731$2,698$1,929$439
28 years$6,530$4,799$3,469$2,472$1,741$370
29 years$6,237$4,527$3,228$2,267$1,572$312
30 years$5,964$4,276$3,007$2,080$1,420$263
31 years$5,709$4,042$2,803$1,910$1,284$222
32 years$5,471$3,824$2,615$1,756$1,162$188
33 years$5,247$3,622$2,442$1,615$1,051$158
34 years$5,037$3,433$2,282$1,486$952$134
35 years$4,840$3,256$2,133$1,368$862$113
36 years$4,654$3,090$1,995$1,259$781$95
37 years$4,478$2,935$1,868$1,160$708$80
38 years$4,312$2,789$1,749$1,070$642$68
39 years$4,155$2,652$1,639$986$582$57
40 years$4,006$2,524$1,536$910$528$48
41 years$3,865$2,402$1,440$839$479$41
42 years$3,730$2,288$1,351$775$435$35
43 years$3,603$2,180$1,268$715$394$29
44 years$3,481$2,078$1,190$660$358$25
45 years$3,366$1,981$1,117$610$325$21
46 years$3,255$1,890$1,049$563$295$18
47 years$3,150$1,804$986$520$268$15
48 years$3,049$1,722$926$481$243$13
49 years$2,953$1,644$871$444$221$11
50 years$2,861$1,571$819$411$201$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,930,000, adding $6,750 every year, while hoping to spend $39,174 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: 81/12/7 Blend
44$2,930,000$2,930,000$2,930,000$2,930,000
45$3,235,823$3,080,533$3,035,118$3,495,081
46$3,524,196$3,189,798$3,095,113$3,775,002
47$3,840,670$3,303,104$3,155,806$4,076,266
48$4,188,070$3,420,608$3,217,177$4,405,717
49$4,569,508$3,542,473$3,279,208$4,766,151
50$4,988,412$3,668,868$3,341,875$5,160,648
51$5,448,558$3,799,970$3,405,155$5,592,599
52$5,954,105$3,935,963$3,469,023$6,065,740
53$6,509,637$4,077,038$3,533,448$6,584,181
54$7,120,201$4,223,395$3,598,400$7,152,454
55$7,791,361$4,375,240$3,663,845$7,775,546
56$8,529,243$4,532,790$3,729,748$8,458,952
57$9,340,599$4,696,270$3,796,067$9,208,724
58$10,232,866$4,865,914$3,862,761$10,031,527
59$11,214,240$5,041,965$3,929,785$10,934,704
60$12,293,748$5,224,677$3,997,089$11,926,343
61$13,481,340$5,414,316$4,064,621$13,015,353
62$14,787,976$5,611,156$4,132,325$14,211,548
63$16,225,732$5,815,485$4,200,140$15,525,740
64$17,807,914$6,027,602$4,268,003$16,969,841
65$19,549,185$6,247,818$4,335,844$18,556,971
66$21,465,698$6,476,458$4,403,592$20,301,587
67$23,575,255$6,713,859$4,471,167$22,219,614
68$25,897,468$6,960,375$4,538,488$24,328,598
69$28,453,949$7,216,373$4,605,467$26,647,871
70$31,268,512$7,482,235$4,672,010$29,198,730
71$34,367,396$7,758,361$4,738,019$32,004,641
72$37,779,515$8,045,166$4,803,387$35,091,458
73$41,536,731$8,343,083$4,868,005$38,487,668
74$45,674,148$8,652,566$4,931,755$42,224,655
75$50,230,454$8,974,084$4,994,511$46,337,001
76$55,248,275$9,308,129$5,056,142$50,862,810
77$60,774,585$9,655,213$5,116,509$55,844,066
78$66,861,145$10,015,871$5,175,464$61,327,027
79$73,564,992$10,390,658$5,232,852$67,362,667
80$80,948,977$10,780,157$5,288,509$74,007,148
81$89,082,360$11,184,972$5,342,261$81,322,358
82$98,041,461$11,605,735$5,393,927$89,376,487
83$107,910,379$12,043,106$5,443,313$98,244,674
84$118,781,792$12,497,772$5,490,218$108,009,717
85$130,757,822$12,970,450$5,534,427$118,762,847
86$143,951,006$13,461,888$5,575,717$130,604,596
87$158,485,355$13,972,867$5,613,850$143,645,740
88$174,497,525$14,504,202$5,648,578$158,008,346
89$192,138,107$15,056,742$5,679,639$173,826,921
90$211,573,045$15,631,374$5,706,759$191,249,685
91$232,985,208$16,229,023$5,729,648$210,439,965
92$256,576,111$16,850,657$5,748,002$231,577,738
93$282,567,818$17,497,283$5,761,504$254,861,326
94$311,205,038$18,169,953$5,769,817$280,509,271
95$342,757,437$18,869,766$5,772,591$308,762,395
96$377,522,180$19,597,868$5,769,457$339,886,072
97$415,826,736$20,355,457$5,760,028$374,172,730
98$458,031,971$21,143,783$5,743,897$411,944,615
99$504,535,554$21,964,151$5,720,640$453,556,827
100$555,775,709$22,817,922$5,689,809$499,400,673