Can I retire at age 45 with 2,950,000?

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$243,608$241,438$239,321$237,255$235,237$227,434
2 years$120,598$118,352$116,175$114,065$112,018$104,232
3 years$79,600$77,344$75,173$73,082$71,069$63,545
4 years$59,105$56,856$54,707$52,652$50,687$43,482
5 years$46,811$44,576$42,455$40,442$38,531$31,665
6 years$38,618$36,400$34,310$32,341$30,488$23,966
7 years$32,768$30,568$28,512$26,590$24,795$18,616
8 years$28,383$26,203$24,180$22,305$20,570$14,730
9 years$24,974$22,814$20,826$18,999$17,323$11,815
10 years$22,248$20,110$18,157$16,378$14,760$9,575
11 years$20,019$17,902$15,985$14,253$12,694$7,822
12 years$18,163$16,068$14,186$12,502$11,000$6,430
13 years$16,594$14,521$12,674$11,038$9,593$5,313
14 years$15,250$13,199$11,388$9,798$8,409$4,408
15 years$14,087$12,058$10,282$8,738$7,404$3,669
16 years$13,070$11,063$9,322$7,824$6,544$3,062
17 years$12,173$10,188$8,483$7,030$5,802$2,562
18 years$11,377$9,414$7,744$6,335$5,159$2,147
19 years$10,666$8,725$7,089$5,724$4,598$1,802
20 years$10,026$8,108$6,506$5,185$4,107$1,514
21 years$9,448$7,552$5,984$4,705$3,675$1,274
22 years$8,924$7,050$5,515$4,278$3,295$1,073
23 years$8,445$6,593$5,092$3,896$2,957$904
24 years$8,008$6,178$4,710$3,554$2,658$762
25 years$7,606$5,797$4,362$3,245$2,392$643
26 years$7,235$5,449$4,046$2,967$2,155$543
27 years$6,892$5,128$3,757$2,716$1,943$458
28 years$6,575$4,832$3,492$2,489$1,753$387
29 years$6,280$4,558$3,250$2,282$1,583$327
30 years$6,005$4,305$3,027$2,094$1,430$276
31 years$5,748$4,070$2,822$1,923$1,293$233
32 years$5,508$3,851$2,633$1,768$1,170$197
33 years$5,283$3,647$2,459$1,626$1,058$167
34 years$5,072$3,456$2,297$1,496$958$141
35 years$4,873$3,278$2,148$1,377$868$119
36 years$4,685$3,111$2,009$1,268$786$101
37 years$4,508$2,955$1,880$1,168$713$85
38 years$4,341$2,808$1,761$1,077$646$72
39 years$4,183$2,671$1,650$993$586$61
40 years$4,033$2,541$1,546$916$531$52
41 years$3,891$2,419$1,450$845$482$44
42 years$3,756$2,303$1,360$780$438$37
43 years$3,627$2,195$1,276$720$397$31
44 years$3,505$2,092$1,198$665$360$26
45 years$3,388$1,995$1,125$614$327$22
46 years$3,277$1,903$1,057$567$297$19
47 years$3,171$1,816$993$524$270$16
48 years$3,070$1,734$933$484$245$14
49 years$2,973$1,656$877$447$223$11
50 years$2,880$1,581$824$414$202$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,950,000, adding $3,727 every year, while hoping to spend $53,552 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: 61/30/9 Blend
44$2,950,000$2,950,000$2,950,000$2,950,000
45$3,254,744$3,098,394$3,052,669$3,446,606
46$3,529,749$3,193,237$3,097,955$3,670,391
47$3,831,010$3,290,932$3,142,963$3,907,979
48$4,161,148$3,391,562$3,187,627$4,165,875
49$4,523,050$3,495,214$3,231,877$4,446,041
50$4,919,897$3,601,975$3,275,641$4,750,634
51$5,355,190$3,711,935$3,318,838$5,082,032
52$5,832,787$3,825,187$3,361,387$5,442,848
53$6,356,936$3,941,827$3,403,199$5,835,960
54$6,932,320$4,061,952$3,444,182$6,264,538
55$7,564,091$4,185,663$3,484,237$6,732,069
56$8,257,931$4,313,063$3,523,262$7,242,395
57$9,020,096$4,444,259$3,561,146$7,799,743
58$9,857,476$4,579,358$3,597,775$8,408,772
59$10,777,665$4,718,473$3,633,027$9,074,608
60$11,789,027$4,861,718$3,666,774$9,802,899
61$12,900,777$5,009,212$3,698,880$10,599,864
62$14,123,068$5,161,075$3,729,204$11,472,352
63$15,467,085$5,317,431$3,757,596$12,427,909
64$16,945,150$5,478,408$3,783,898$13,474,843
65$18,570,842$5,644,136$3,807,945$14,622,307
66$20,359,118$5,814,750$3,829,562$15,880,384
67$22,326,461$5,990,385$3,848,565$17,260,178
68$24,491,031$6,171,185$3,864,763$18,773,925
69$26,872,836$6,357,293$3,877,952$20,435,100
70$29,493,922$6,548,857$3,887,920$22,258,552
71$32,378,580$6,746,029$3,894,444$24,260,636
72$35,553,577$6,948,966$3,897,289$26,459,372
73$39,048,403$7,157,827$3,896,209$28,874,614
74$42,895,555$7,372,775$3,890,947$31,528,232
75$47,130,839$7,593,978$3,881,231$34,444,326
76$51,793,710$7,821,609$3,866,778$37,649,445
77$56,927,643$8,055,842$3,847,290$41,172,841
78$62,580,542$8,296,859$3,822,454$45,046,747
79$68,805,196$8,544,843$3,791,945$49,306,673
80$75,659,769$8,799,984$3,755,418$53,991,749
81$83,208,357$9,062,474$3,712,516$59,145,088
82$91,521,587$9,332,513$3,662,862$64,814,194
83$100,677,284$9,610,301$3,606,064$71,051,412
84$110,761,208$9,896,047$3,541,708$77,914,418
85$121,867,859$10,189,961$3,469,363$85,466,763
86$134,101,373$10,492,262$3,388,579$93,778,476
87$147,576,500$10,803,169$3,298,883$102,926,721
88$162,419,688$11,122,909$3,199,781$112,996,525
89$178,770,278$11,451,714$3,090,756$124,081,581
90$196,781,818$11,789,820$2,971,268$136,285,130
91$216,623,510$12,137,467$2,840,751$149,720,938
92$238,481,807$12,494,902$2,698,616$164,514,366
93$262,562,176$12,862,377$2,544,244$180,803,555
94$289,091,032$13,240,147$2,376,990$198,740,726
95$318,317,878$13,628,475$2,196,180$218,493,621
96$350,517,658$14,027,627$2,001,109$240,247,082
97$385,993,354$14,437,876$1,791,041$264,204,796
98$425,078,842$14,859,497$1,565,206$290,591,219
99$468,142,045$15,292,775$1,322,803$319,653,690
100$515,588,409$15,737,995$1,062,991$351,664,772