Can I retire at age 45 with 2,980,000?

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 $2,980,000?

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$246,086$243,894$241,755$239,668$237,629$230,763
2 years$121,825$119,556$117,357$115,225$113,157$106,293
3 years$80,410$78,131$75,938$73,826$71,791$65,146
4 years$59,706$57,435$55,263$53,187$51,202$44,826
5 years$47,287$45,029$42,886$40,853$38,923$32,834
6 years$39,011$36,770$34,659$32,670$30,799$25,001
7 years$33,101$30,879$28,801$26,860$25,047$19,542
8 years$28,671$26,469$24,426$22,532$20,779$15,563
9 years$25,228$23,046$21,038$19,193$17,499$12,567
10 years$22,474$20,314$18,341$16,544$14,910$10,255
11 years$20,223$18,084$16,148$14,398$12,823$8,437
12 years$18,348$16,232$14,331$12,629$11,112$6,987
13 years$16,763$14,669$12,803$11,150$9,690$5,816
14 years$15,405$13,333$11,504$9,898$8,494$4,862
15 years$14,230$12,180$10,386$8,827$7,479$4,079
16 years$13,203$11,175$9,417$7,903$6,610$3,431
17 years$12,297$10,292$8,569$7,101$5,861$2,894
18 years$11,493$9,510$7,822$6,400$5,211$2,445
19 years$10,774$8,814$7,161$5,783$4,645$2,069
20 years$10,128$8,190$6,572$5,237$4,149$1,754
21 years$9,544$7,629$6,045$4,753$3,713$1,488
22 years$9,014$7,121$5,571$4,322$3,328$1,264
23 years$8,531$6,661$5,144$3,936$2,987$1,074
24 years$8,089$6,240$4,757$3,590$2,685$914
25 years$7,683$5,856$4,406$3,278$2,416$778
26 years$7,309$5,504$4,087$2,998$2,176$662
27 years$6,963$5,180$3,795$2,744$1,962$564
28 years$6,642$4,881$3,528$2,514$1,771$481
29 years$6,344$4,605$3,283$2,305$1,599$410
30 years$6,066$4,349$3,058$2,116$1,445$349
31 years$5,807$4,111$2,851$1,943$1,306$298
32 years$5,564$3,890$2,660$1,786$1,181$254
33 years$5,337$3,684$2,484$1,642$1,069$217
34 years$5,123$3,491$2,320$1,511$968$185
35 years$4,922$3,311$2,169$1,391$877$158
36 years$4,733$3,143$2,029$1,281$794$135
37 years$4,554$2,985$1,900$1,180$720$115
38 years$4,385$2,837$1,779$1,088$653$98
39 years$4,226$2,698$1,667$1,003$592$84
40 years$4,074$2,567$1,562$925$537$72
41 years$3,930$2,443$1,465$854$487$61
42 years$3,794$2,327$1,374$788$442$52
43 years$3,664$2,217$1,289$727$401$45
44 years$3,541$2,113$1,210$671$364$38
45 years$3,423$2,015$1,136$620$331$32
46 years$3,311$1,922$1,067$573$300$28
47 years$3,204$1,835$1,003$529$273$24
48 years$3,101$1,751$942$489$247$20
49 years$3,003$1,672$886$452$225$17
50 years$2,910$1,598$833$418$204$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,980,000, adding $5,538 every year, while hoping to spend $29,250 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: 51/39/10 Blend
44$2,980,000$2,980,000$2,980,000$2,980,000
45$3,289,672$3,131,732$3,085,542$3,448,550
46$3,594,097$3,254,066$3,157,786$3,679,900
47$3,928,593$3,381,413$3,231,470$3,927,681
48$4,296,196$3,513,989$3,306,611$4,196,361
49$4,700,252$3,652,018$3,383,226$4,487,913
50$5,144,445$3,795,734$3,461,332$4,804,507
51$5,632,837$3,945,383$3,540,944$5,148,526
52$6,169,899$4,101,220$3,622,079$5,522,591
53$6,760,561$4,263,512$3,704,751$5,929,582
54$7,410,252$4,432,538$3,788,974$6,372,667
55$8,124,956$4,608,590$3,874,763$6,855,329
56$8,911,263$4,791,973$3,962,129$7,381,399
57$9,776,437$4,983,005$4,051,085$7,955,090
58$10,728,480$5,182,018$4,141,643$8,581,037
59$11,776,208$5,389,361$4,233,812$9,264,339
60$12,929,338$5,605,396$4,327,601$10,010,606
61$14,198,574$5,830,504$4,423,019$10,826,010
62$15,595,711$6,065,081$4,520,072$11,717,343
63$17,133,745$6,309,542$4,618,767$12,692,081
64$18,826,998$6,564,320$4,719,106$13,758,449
65$20,691,250$6,829,870$4,821,094$14,925,503
66$22,743,888$7,106,664$4,924,732$16,203,208
67$25,004,072$7,395,198$5,030,018$17,602,536
68$27,492,915$7,695,990$5,136,951$19,135,565
69$30,233,680$8,009,582$5,245,527$20,815,589
70$33,252,003$8,336,538$5,355,739$22,657,247
71$36,576,131$8,677,452$5,467,580$24,676,657
72$40,237,191$9,032,942$5,581,039$26,891,565
73$44,269,484$9,403,656$5,696,103$29,321,512
74$48,710,806$9,790,269$5,812,756$31,988,016
75$53,602,806$10,193,491$5,930,982$34,914,773
76$58,991,380$10,614,060$6,050,758$38,127,877
77$64,927,104$11,052,752$6,172,061$41,656,067
78$71,465,707$11,510,375$6,294,864$45,530,994
79$78,668,603$11,987,777$6,419,135$49,787,516
80$86,603,466$12,485,844$6,544,842$54,464,027
81$95,344,871$13,005,502$6,671,946$59,602,814
82$104,974,997$13,547,721$6,800,405$65,250,457
83$115,584,402$14,113,514$6,930,174$71,458,261
84$127,272,877$14,703,942$7,061,201$78,282,740
85$140,150,392$15,320,116$7,193,432$85,786,147
86$154,338,126$15,963,197$7,326,807$94,037,057
87$169,969,620$16,634,399$7,461,260$103,111,013
88$187,192,030$17,334,993$7,596,721$113,091,232
89$206,167,520$18,066,310$7,733,113$124,069,391
90$227,074,789$18,829,741$7,870,355$136,146,483
91$250,110,762$19,626,744$8,008,357$149,433,770
92$275,492,447$20,458,841$8,147,024$164,053,830
93$303,458,981$21,327,628$8,286,253$180,141,704
94$334,273,889$22,234,775$8,425,935$197,846,172
95$368,227,575$23,182,027$8,565,952$217,331,147
96$405,640,055$24,171,214$8,706,179$238,777,221
97$446,863,986$25,204,249$8,846,482$262,383,365
98$492,287,990$26,283,135$8,986,717$288,368,795
99$542,340,326$27,409,969$9,126,732$316,975,044
100$597,492,926$28,586,945$9,266,365$348,468,230