Can I retire at age 45 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$247,737$245,530$243,378$241,276$239,224$236,627
2 years$122,642$120,358$118,144$115,998$113,916$111,302
3 years$80,949$78,655$76,447$74,321$72,273$69,722
4 years$60,107$57,820$55,634$53,544$51,546$49,078
5 years$47,605$45,332$43,174$41,127$39,184$36,806
6 years$39,273$37,017$34,891$32,890$31,005$28,720
7 years$33,324$31,087$28,995$27,040$25,216$23,025
8 years$28,864$26,647$24,590$22,684$20,919$18,822
9 years$25,397$23,201$21,179$19,321$17,617$15,613
10 years$22,625$20,450$18,465$16,655$15,010$13,098
11 years$20,359$18,206$16,256$14,495$12,909$11,087
12 years$18,471$16,341$14,427$12,714$11,187$9,453
13 years$16,875$14,767$12,889$11,225$9,755$8,108
14 years$15,509$13,423$11,581$9,964$8,551$6,988
15 years$14,326$12,262$10,456$8,886$7,529$6,047
16 years$13,291$11,250$9,480$7,957$6,654$5,251
17 years$12,379$10,361$8,626$7,149$5,900$4,574
18 years$11,570$9,574$7,875$6,443$5,246$3,993
19 years$10,846$8,873$7,209$5,821$4,676$3,494
20 years$10,196$8,245$6,616$5,272$4,177$3,063
21 years$9,608$7,680$6,086$4,785$3,738$2,689
22 years$9,075$7,169$5,609$4,351$3,350$2,364
23 years$8,589$6,705$5,179$3,962$3,007$2,081
24 years$8,143$6,282$4,789$3,614$2,703$1,834
25 years$7,734$5,896$4,436$3,300$2,432$1,618
26 years$7,358$5,541$4,114$3,018$2,191$1,428
27 years$7,009$5,215$3,820$2,762$1,975$1,262
28 years$6,686$4,914$3,551$2,531$1,782$1,115
29 years$6,386$4,636$3,305$2,321$1,610$986
30 years$6,107$4,378$3,078$2,130$1,454$873
31 years$5,846$4,139$2,870$1,956$1,315$772
32 years$5,601$3,916$2,678$1,798$1,189$684
33 years$5,373$3,708$2,500$1,653$1,076$606
34 years$5,158$3,515$2,336$1,521$975$537
35 years$4,955$3,334$2,184$1,400$883$476
36 years$4,765$3,164$2,043$1,290$800$422
37 years$4,585$3,005$1,912$1,188$725$374
38 years$4,415$2,856$1,791$1,095$657$332
39 years$4,254$2,716$1,678$1,010$596$294
40 years$4,101$2,584$1,573$931$541$261
41 years$3,957$2,460$1,475$859$490$232
42 years$3,819$2,342$1,383$793$445$205
43 years$3,689$2,232$1,298$732$404$182
44 years$3,564$2,127$1,218$676$367$162
45 years$3,446$2,029$1,144$624$333$144
46 years$3,333$1,935$1,074$577$302$128
47 years$3,225$1,847$1,009$533$274$113
48 years$3,122$1,763$949$492$249$100
49 years$3,023$1,684$892$455$226$89
50 years$2,929$1,608$838$421$206$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,000,000, adding $4,615 every year, while hoping to spend $40,490 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: 69/6/25 Blend
44$3,000,000$3,000,000$3,000,000$3,000,000
45$3,310,760$3,151,760$3,105,260$3,517,741
46$3,605,377$3,263,116$3,166,206$3,768,425
47$3,928,687$3,378,570$3,227,835$4,037,565
48$4,283,575$3,498,282$3,290,130$4,331,159
49$4,673,218$3,622,416$3,353,067$4,651,628
50$5,101,115$3,751,143$3,416,624$5,001,638
51$5,571,122$3,884,642$3,480,774$5,384,124
52$6,087,484$4,023,097$3,545,487$5,802,319
53$6,654,881$4,166,702$3,610,734$6,259,787
54$7,278,466$4,315,658$3,676,481$6,760,449
55$7,963,917$4,470,173$3,742,691$7,308,626
56$8,717,491$4,630,466$3,809,325$7,909,081
57$9,546,078$4,796,762$3,876,341$8,567,055
58$10,457,273$4,969,298$3,943,693$9,288,327
59$11,459,440$5,148,319$4,011,333$10,079,260
60$12,561,798$5,334,082$4,079,207$10,946,865
61$13,774,501$5,526,852$4,147,261$11,898,868
62$15,108,739$5,726,906$4,215,433$12,943,778
63$16,576,841$5,934,535$4,283,660$14,090,971
64$18,192,389$6,150,038$4,351,873$15,350,778
65$19,970,352$6,373,729$4,420,000$16,734,581
66$21,927,221$6,605,934$4,487,963$18,254,920
67$24,081,167$6,846,995$4,555,680$19,925,612
68$26,452,213$7,097,264$4,623,061$21,761,882
69$29,062,421$7,357,112$4,690,016$23,780,505
70$31,936,100$7,626,923$4,756,444$25,999,965
71$35,100,038$7,907,098$4,822,240$28,440,628
72$38,583,751$8,198,055$4,887,295$31,124,936
73$42,419,763$8,500,229$4,951,489$34,077,616
74$46,643,914$8,814,075$5,014,698$37,325,917
75$51,295,693$9,140,065$5,076,791$40,899,862
76$56,418,619$9,478,693$5,137,628$44,832,537
77$62,060,642$9,830,473$5,197,062$49,160,397
78$68,274,601$10,195,940$5,254,938$53,923,614
79$75,118,724$10,575,655$5,311,092$59,166,455
80$82,657,171$10,970,198$5,365,350$64,937,699
81$90,960,644$11,380,180$5,417,531$71,291,098
82$100,107,053$11,806,232$5,467,442$78,285,885
83$110,182,251$12,249,016$5,514,880$85,987,328
84$121,280,844$12,709,221$5,559,632$94,467,354
85$133,507,084$13,187,567$5,601,473$103,805,220
86$146,975,851$13,684,803$5,640,168$114,088,267
87$161,813,741$14,201,711$5,675,466$125,412,739
88$178,160,256$14,739,107$5,707,107$137,884,696
89$196,169,122$15,297,844$5,734,815$151,621,012
90$216,009,744$15,878,809$5,758,303$166,750,479
91$237,868,796$16,482,930$5,777,265$183,415,022
92$261,951,994$17,111,174$5,791,383$201,771,041
93$288,486,025$17,764,549$5,800,323$221,990,883
94$317,720,698$18,444,111$5,803,732$244,264,472
95$349,931,295$19,150,957$5,801,242$268,801,102
96$385,421,169$19,886,236$5,792,466$295,831,410
97$424,524,612$20,651,146$5,776,998$325,609,556
98$467,610,007$21,446,937$5,754,412$358,415,619
99$515,083,304$22,274,913$5,724,261$394,558,244
100$567,391,856$23,136,438$5,686,078$434,377,553