Can I retire at age 45 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$244,434$242,257$240,132$238,059$236,035$229,214
2 years$121,007$118,753$116,569$114,451$112,397$105,580
3 years$79,870$77,607$75,428$73,330$71,310$64,709
4 years$59,306$57,049$54,892$52,830$50,859$44,525
5 years$46,970$44,727$42,599$40,579$38,662$32,613
6 years$38,749$36,523$34,426$32,451$30,592$24,833
7 years$32,879$30,672$28,608$26,680$24,879$19,411
8 years$28,479$26,292$24,262$22,381$20,640$15,458
9 years$25,058$22,892$20,897$19,064$17,382$12,482
10 years$22,323$20,178$18,218$16,433$14,810$10,186
11 years$20,087$17,963$16,039$14,302$12,737$8,380
12 years$18,225$16,123$14,234$12,545$11,038$6,940
13 years$16,650$14,570$12,717$11,075$9,625$5,777
14 years$15,302$13,244$11,427$9,831$8,437$4,830
15 years$14,135$12,099$10,317$8,768$7,429$4,051
16 years$13,114$11,100$9,354$7,850$6,566$3,408
17 years$12,214$10,223$8,511$7,054$5,822$2,874
18 years$11,416$9,446$7,770$6,357$5,176$2,428
19 years$10,702$8,755$7,113$5,744$4,614$2,055
20 years$10,060$8,135$6,528$5,202$4,121$1,742
21 years$9,480$7,578$6,004$4,721$3,688$1,478
22 years$8,954$7,074$5,534$4,293$3,306$1,255
23 years$8,474$6,616$5,110$3,909$2,967$1,067
24 years$8,035$6,199$4,726$3,566$2,667$907
25 years$7,631$5,817$4,377$3,256$2,400$772
26 years$7,260$5,467$4,059$2,977$2,162$658
27 years$6,916$5,145$3,769$2,725$1,949$560
28 years$6,597$4,848$3,504$2,497$1,759$477
29 years$6,301$4,574$3,261$2,290$1,588$407
30 years$6,025$4,319$3,037$2,101$1,435$347
31 years$5,768$4,083$2,832$1,930$1,297$296
32 years$5,527$3,864$2,642$1,774$1,173$252
33 years$5,301$3,659$2,467$1,631$1,062$215
34 years$5,089$3,468$2,305$1,501$962$184
35 years$4,889$3,289$2,155$1,382$871$157
36 years$4,701$3,122$2,016$1,272$789$134
37 years$4,524$2,965$1,887$1,172$715$114
38 years$4,356$2,818$1,767$1,081$648$98
39 years$4,197$2,680$1,655$996$588$83
40 years$4,047$2,549$1,552$919$533$71
41 years$3,904$2,427$1,455$848$484$61
42 years$3,769$2,311$1,365$782$439$52
43 years$3,640$2,202$1,281$722$398$44
44 years$3,517$2,099$1,202$667$362$38
45 years$3,400$2,002$1,129$616$328$32
46 years$3,288$1,909$1,060$569$298$28
47 years$3,182$1,822$996$526$271$24
48 years$3,080$1,740$936$486$246$20
49 years$2,983$1,661$880$449$223$17
50 years$2,890$1,587$827$415$203$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,960,000, adding $4,218 every year, while hoping to spend $29,837 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: 24/48/28 Blend
44$2,960,000$2,960,000$2,960,000$2,960,000
45$3,266,271$3,109,391$3,063,511$3,315,773
46$3,567,684$3,230,005$3,134,392$3,478,805
47$3,898,842$3,355,529$3,206,648$3,650,560
48$4,262,746$3,486,172$3,280,293$3,833,957
49$4,662,704$3,622,152$3,355,341$4,029,986
50$5,102,360$3,763,698$3,431,805$4,239,728
51$5,585,729$3,911,048$3,509,699$4,464,369
52$6,117,235$4,064,450$3,589,035$4,705,207
53$6,701,749$4,224,164$3,669,824$4,963,667
54$7,344,641$4,390,462$3,752,077$5,241,307
55$8,051,826$4,563,627$3,835,803$5,539,837
56$8,829,823$4,743,955$3,921,013$5,861,134
57$9,685,811$4,931,755$4,007,714$6,207,255
58$10,627,704$5,127,351$4,095,912$6,580,457
59$11,664,219$5,331,080$4,185,614$6,983,217
60$12,804,962$5,543,296$4,276,825$7,418,256
61$14,060,517$5,764,366$4,369,547$7,888,559
62$15,442,546$5,994,676$4,463,783$8,397,406
63$16,963,899$6,234,629$4,559,534$8,948,397
64$18,638,737$6,484,646$4,656,798$9,545,489
65$20,482,660$6,745,165$4,755,572$10,193,031
66$22,512,860$7,016,648$4,855,853$10,895,798
67$24,748,282$7,299,573$4,957,634$11,659,041
68$27,209,798$7,594,444$5,060,907$12,488,531
69$29,920,411$7,901,785$5,165,660$13,390,613
70$32,905,465$8,222,145$5,271,882$14,372,264
71$36,192,890$8,556,098$5,379,558$15,441,154
72$39,813,461$8,904,243$5,488,669$16,605,719
73$43,801,090$9,267,207$5,599,196$17,875,240
74$48,193,147$9,645,646$5,711,115$19,259,923
75$53,030,811$10,040,245$5,824,400$20,770,996
76$58,359,459$10,451,722$5,939,022$22,420,814
77$64,229,093$10,880,825$6,054,948$24,222,969
78$70,694,814$11,328,340$6,172,143$26,192,419
79$77,817,340$11,795,084$6,290,565$28,345,624
80$85,663,582$12,281,916$6,410,172$30,700,699
81$94,307,270$12,789,732$6,530,915$33,277,583
82$103,829,653$13,319,471$6,652,742$36,098,220
83$114,320,265$13,872,112$6,775,597$39,186,770
84$125,877,769$14,448,682$6,899,416$42,569,825
85$138,610,888$15,050,255$7,024,134$46,276,662
86$152,639,434$15,677,953$7,149,677$50,339,512
87$168,095,434$16,332,950$7,275,969$54,793,864
88$185,124,379$17,016,476$7,402,925$59,678,792
89$203,886,599$17,729,815$7,530,456$65,037,320
90$224,558,769$18,474,314$7,658,463$70,916,826
91$247,335,587$19,251,379$7,786,845$77,369,482
92$272,431,602$20,062,482$7,915,490$84,452,742
93$300,083,247$20,909,164$8,044,280$92,229,879
94$330,551,063$21,793,039$8,173,089$100,770,576
95$364,122,165$22,715,791$8,301,781$110,151,581
96$401,112,949$23,679,188$8,430,214$120,457,421
97$441,872,078$24,685,076$8,558,234$131,781,198
98$486,783,775$25,735,390$8,685,679$144,225,456
99$536,271,448$26,832,152$8,812,378$157,903,150
100$590,801,690$27,977,481$8,938,146$172,938,696