Can I retire at age 45 with 2,970,000?

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 $2,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$245,260$243,075$240,944$238,863$236,832$231,955
2 years$121,416$119,154$116,963$114,838$112,777$107,886
3 years$80,140$77,869$75,683$73,578$71,550$66,798
4 years$59,506$57,242$55,078$53,009$51,030$46,453
5 years$47,129$44,878$42,743$40,716$38,792$34,403
6 years$38,880$36,646$34,542$32,561$30,695$26,498
7 years$32,990$30,776$28,705$26,770$24,963$20,960
8 years$28,575$26,380$24,344$22,457$20,710$16,898
9 years$25,143$22,969$20,967$19,128$17,440$13,819
10 years$22,399$20,246$18,280$16,489$14,860$11,424
11 years$20,155$18,024$16,093$14,350$12,780$9,526
12 years$18,286$16,177$14,282$12,587$11,075$7,998
13 years$16,707$14,619$12,760$11,112$9,658$6,752
14 years$15,354$13,289$11,465$9,864$8,466$5,727
15 years$14,182$12,139$10,352$8,797$7,454$4,875
16 years$13,158$11,138$9,385$7,877$6,588$4,163
17 years$12,256$10,257$8,540$7,077$5,841$3,564
18 years$11,454$9,478$7,796$6,378$5,194$3,059
19 years$10,738$8,784$7,137$5,763$4,629$2,630
20 years$10,094$8,163$6,550$5,220$4,135$2,264
21 years$9,512$7,603$6,025$4,737$3,700$1,952
22 years$8,984$7,098$5,553$4,307$3,317$1,685
23 years$8,503$6,638$5,127$3,923$2,977$1,456
24 years$8,062$6,220$4,742$3,578$2,676$1,259
25 years$7,657$5,837$4,392$3,267$2,408$1,090
26 years$7,284$5,486$4,073$2,987$2,169$944
27 years$6,939$5,163$3,782$2,735$1,956$818
28 years$6,619$4,865$3,516$2,505$1,765$709
29 years$6,322$4,589$3,272$2,298$1,593$615
30 years$6,046$4,334$3,048$2,109$1,440$534
31 years$5,787$4,097$2,841$1,937$1,302$463
32 years$5,545$3,877$2,651$1,780$1,177$402
33 years$5,319$3,671$2,475$1,637$1,066$349
34 years$5,106$3,480$2,313$1,506$965$303
35 years$4,906$3,300$2,162$1,386$874$263
36 years$4,717$3,132$2,023$1,277$792$229
37 years$4,539$2,975$1,893$1,176$718$199
38 years$4,371$2,827$1,773$1,084$651$173
39 years$4,211$2,689$1,661$1,000$590$150
40 years$4,060$2,558$1,557$922$535$130
41 years$3,917$2,435$1,460$851$485$113
42 years$3,781$2,319$1,369$785$441$98
43 years$3,652$2,210$1,285$725$400$86
44 years$3,529$2,106$1,206$669$363$74
45 years$3,411$2,008$1,133$618$329$65
46 years$3,300$1,916$1,064$571$299$56
47 years$3,193$1,828$999$527$272$49
48 years$3,091$1,745$939$487$247$43
49 years$2,993$1,667$883$450$224$37
50 years$2,900$1,592$830$416$203$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,970,000, adding $6,803 every year, while hoping to spend $38,879 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: 74/6/20 Blend
44$2,970,000$2,970,000$2,970,000$2,970,000
45$3,279,957$3,122,547$3,076,512$3,506,590
46$3,573,146$3,234,185$3,138,209$3,769,578
47$3,894,937$3,349,990$3,200,668$4,052,302
48$4,248,206$3,470,126$3,263,877$4,361,127
49$4,636,123$3,594,761$3,327,816$4,698,644
50$5,062,177$3,724,074$3,392,467$5,067,706
51$5,530,213$3,858,248$3,457,809$5,471,457
52$6,044,467$3,997,474$3,523,818$5,913,358
53$6,609,606$4,141,953$3,590,469$6,397,221
54$7,230,769$4,291,893$3,657,734$6,927,246
55$7,913,622$4,447,510$3,725,582$7,508,059
56$8,664,402$4,609,029$3,793,980$8,144,756
57$9,489,986$4,776,686$3,862,893$8,842,951
58$10,397,946$4,950,725$3,932,281$9,608,827
59$11,396,628$5,131,402$4,002,104$10,449,197
60$12,495,225$5,318,981$4,072,315$11,371,566
61$13,703,867$5,513,741$4,142,867$12,384,202
62$15,033,716$5,715,968$4,213,707$13,496,214
63$16,497,069$5,925,965$4,284,781$14,717,640
64$18,107,476$6,144,044$4,356,027$16,059,535
65$19,879,868$6,370,531$4,427,383$17,534,084
66$21,830,695$6,605,767$4,498,781$19,154,707
67$23,978,083$6,850,107$4,570,147$20,936,196
68$26,342,005$7,103,920$4,641,405$22,894,844
69$28,944,470$7,367,592$4,712,472$25,048,606
70$31,809,726$7,641,525$4,783,261$27,417,265
71$34,964,496$7,926,137$4,853,678$30,022,619
72$38,438,223$8,221,866$4,923,624$32,888,686
73$42,263,351$8,529,168$4,992,995$36,041,930
74$46,475,632$8,848,516$5,061,680$39,511,515
75$51,114,461$9,180,407$5,129,560$43,329,571
76$56,223,247$9,525,358$5,196,511$47,531,506
77$61,849,825$9,883,907$5,262,401$52,156,336
78$68,046,905$10,256,618$5,327,090$57,247,051
79$74,872,573$10,644,075$5,390,431$62,851,025
80$82,390,833$11,046,892$5,452,268$69,020,459
81$90,672,214$11,465,707$5,512,435$75,812,875
82$99,794,439$11,901,185$5,570,761$83,291,660
83$109,843,150$12,354,022$5,627,060$91,526,661
84$120,912,725$12,824,942$5,681,140$100,594,845
85$133,107,163$13,314,704$5,732,797$110,581,028
86$146,541,065$13,824,096$5,781,818$121,578,672
87$161,340,719$14,353,942$5,827,974$133,690,767
88$177,645,291$14,905,104$5,871,030$147,030,805
89$195,608,136$15,478,479$5,910,735$161,723,849
90$215,398,246$16,075,005$5,946,825$177,907,714
91$237,201,847$16,695,660$5,979,023$195,734,268
92$261,224,154$17,341,466$6,007,039$215,370,865
93$287,691,310$18,013,490$6,030,567$237,001,923
94$316,852,517$18,712,845$6,049,285$260,830,667
95$348,982,394$19,440,694$6,062,856$287,081,047
96$384,383,562$20,198,252$6,070,925$315,999,847
97$423,389,505$20,986,786$6,073,121$347,859,021
98$466,367,718$21,807,622$6,069,054$382,958,256
99$513,723,171$22,662,142$6,058,313$421,627,801
100$565,902,138$23,551,790$6,040,470$464,231,585