Can I retire at age 45 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$246,911$244,712$242,566$240,472$238,427$236,133
2 years$122,233$119,957$117,751$115,611$113,537$111,226
3 years$80,679$78,393$76,192$74,073$72,032$69,777
4 years$59,907$57,627$55,449$53,366$51,374$49,191
5 years$47,446$45,180$43,030$40,990$39,054$36,949
6 years$39,142$36,893$34,775$32,780$30,902$28,878
7 years$33,213$30,983$28,898$26,950$25,131$23,190
8 years$28,768$26,558$24,508$22,608$20,849$18,989
9 years$25,312$23,124$21,109$19,257$17,558$15,779
10 years$22,550$20,382$18,403$16,600$14,960$13,262
11 years$20,291$18,145$16,202$14,447$12,866$11,247
12 years$18,410$16,286$14,379$12,672$11,150$9,608
13 years$16,819$14,718$12,846$11,187$9,723$8,256
14 years$15,457$13,378$11,542$9,931$8,523$7,130
15 years$14,278$12,221$10,421$8,856$7,504$6,183
16 years$13,247$11,213$9,448$7,930$6,632$5,380
17 years$12,338$10,326$8,598$7,125$5,881$4,696
18 years$11,531$9,542$7,849$6,421$5,229$4,109
19 years$10,810$8,844$7,185$5,802$4,660$3,603
20 years$10,162$8,218$6,594$5,255$4,163$3,165
21 years$9,576$7,655$6,065$4,769$3,725$2,785
22 years$9,045$7,145$5,590$4,336$3,339$2,454
23 years$8,560$6,683$5,161$3,949$2,997$2,165
24 years$8,116$6,261$4,773$3,602$2,694$1,913
25 years$7,709$5,876$4,421$3,289$2,424$1,691
26 years$7,333$5,523$4,100$3,008$2,184$1,496
27 years$6,986$5,197$3,808$2,753$1,969$1,325
28 years$6,664$4,897$3,540$2,522$1,777$1,174
29 years$6,365$4,620$3,294$2,313$1,604$1,041
30 years$6,086$4,363$3,068$2,123$1,449$923
31 years$5,826$4,125$2,860$1,950$1,310$819
32 years$5,583$3,903$2,669$1,792$1,185$727
33 years$5,355$3,696$2,492$1,648$1,073$646
34 years$5,140$3,503$2,328$1,516$971$574
35 years$4,939$3,323$2,177$1,396$880$510
36 years$4,749$3,154$2,036$1,285$797$453
37 years$4,570$2,995$1,906$1,184$722$403
38 years$4,400$2,846$1,785$1,091$655$358
39 years$4,240$2,707$1,672$1,006$594$318
40 years$4,088$2,575$1,567$928$539$283
41 years$3,944$2,451$1,470$856$489$252
42 years$3,807$2,335$1,379$790$443$224
43 years$3,676$2,224$1,294$730$402$199
44 years$3,553$2,120$1,214$674$365$177
45 years$3,434$2,022$1,140$622$332$158
46 years$3,322$1,929$1,071$575$301$141
47 years$3,214$1,841$1,006$531$273$125
48 years$3,112$1,757$945$491$248$111
49 years$3,013$1,678$889$453$226$99
50 years$2,919$1,603$835$419$205$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,990,000, adding $6,434 every year, while hoping to spend $27,766 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: 59/13/28 Blend
44$2,990,000$2,990,000$2,990,000$2,990,000
45$3,301,617$3,143,147$3,096,802$3,470,925
46$3,608,839$3,267,618$3,171,002$3,711,868
47$3,946,467$3,397,258$3,246,757$3,971,058
48$4,317,573$3,532,290$3,324,090$4,253,210
49$4,725,542$3,672,949$3,403,023$4,560,562
50$5,174,103$3,819,479$3,483,580$4,895,578
51$5,667,363$3,972,135$3,565,782$5,260,971
52$6,209,849$4,131,184$3,649,650$5,659,727
53$6,806,548$4,296,907$3,735,208$6,095,132
54$7,462,953$4,469,593$3,822,475$6,570,804
55$8,185,120$4,649,548$3,911,473$7,090,727
56$8,979,717$4,837,091$4,002,222$7,659,288
57$9,854,094$5,032,554$4,094,743$8,281,316
58$10,816,348$5,236,286$4,189,053$8,962,129
59$11,875,403$5,448,651$4,285,174$9,707,582
60$13,041,088$5,670,029$4,383,121$10,524,127
61$14,324,236$5,900,818$4,482,913$11,418,864
62$15,736,784$6,141,434$4,584,566$12,399,616
63$17,291,883$6,392,311$4,688,096$13,474,998
64$19,004,026$6,653,905$4,793,518$14,654,499
65$20,889,181$6,926,690$4,900,845$15,948,570
66$22,964,944$7,211,165$5,010,090$17,368,725
67$25,250,704$7,507,848$5,121,264$18,927,642
68$27,767,827$7,817,284$5,234,378$20,639,291
69$30,539,856$8,140,041$5,349,440$22,519,059
70$33,592,732$8,476,714$5,466,457$24,583,897
71$36,955,043$8,827,925$5,585,435$26,852,478
72$40,658,288$9,194,325$5,706,379$29,345,372
73$44,737,181$9,576,594$5,829,290$32,085,243
74$49,229,971$9,975,444$5,954,168$35,097,056
75$54,178,807$10,391,621$6,081,012$38,408,319
76$59,630,137$10,825,902$6,209,818$42,049,336
77$65,635,144$11,279,103$6,340,579$46,053,493
78$72,250,227$11,752,078$6,473,287$50,457,575
79$79,537,537$12,245,717$6,607,930$55,302,110
80$87,565,564$12,760,956$6,744,493$60,631,751
81$96,409,779$13,298,769$6,882,961$66,495,696
82$106,153,348$13,860,180$7,023,311$72,948,153
83$116,887,918$14,446,258$7,165,522$80,048,848
84$128,714,483$15,058,123$7,309,564$87,863,590
85$141,744,334$15,696,944$7,455,408$96,464,888
86$156,100,110$16,363,948$7,603,018$105,932,639
87$171,916,958$17,060,418$7,752,356$116,354,874
88$189,343,805$17,787,696$7,903,377$127,828,595
89$208,544,767$18,547,187$8,056,034$140,460,684
90$229,700,696$19,340,362$8,210,274$154,368,913
91$253,010,887$20,168,760$8,366,038$169,683,054
92$278,694,961$21,033,992$8,523,263$186,546,099
93$306,994,934$21,937,745$8,681,880$205,115,615
94$338,177,506$22,881,784$8,841,812$225,565,224
95$372,536,578$23,867,957$9,002,979$248,086,240
96$410,396,021$24,898,199$9,165,290$272,889,480
97$452,112,739$25,974,535$9,328,652$300,207,243
98$498,080,037$27,099,086$9,492,961$330,295,507
99$548,731,332$28,274,072$9,658,105$363,436,342
100$604,544,242$29,501,816$9,823,967$399,940,571