Can I retire at age 45 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$264,253$261,899$259,603$257,361$255,172$246,511
2 years$130,818$128,382$126,021$123,731$121,511$112,871
3 years$86,346$83,899$81,544$79,276$77,091$68,745
4 years$64,114$61,675$59,343$57,114$54,982$46,993
5 years$50,778$48,354$46,053$43,869$41,797$34,186
6 years$41,891$39,484$37,217$35,082$33,072$25,846
7 years$35,545$33,159$30,928$28,843$26,897$20,054
8 years$30,788$28,423$26,229$24,196$22,313$15,848
9 years$27,090$24,748$22,591$20,609$18,791$12,696
10 years$24,133$21,814$19,696$17,766$16,011$10,276
11 years$21,716$19,420$17,340$15,461$13,770$8,384
12 years$19,703$17,430$15,388$13,562$11,933$6,883
13 years$18,000$15,752$13,749$11,973$10,406$5,680
14 years$16,543$14,318$12,353$10,628$9,121$4,705
15 years$15,281$13,080$11,153$9,478$8,031$3,911
16 years$14,177$12,000$10,112$8,487$7,098$3,260
17 years$13,205$11,052$9,202$7,625$6,294$2,723
18 years$12,341$10,212$8,400$6,872$5,596$2,278
19 years$11,569$9,465$7,690$6,210$4,988$1,909
20 years$10,876$8,795$7,057$5,624$4,455$1,602
21 years$10,249$8,192$6,491$5,104$3,987$1,346
22 years$9,680$7,647$5,983$4,641$3,574$1,131
23 years$9,161$7,152$5,524$4,226$3,208$952
24 years$8,686$6,701$5,109$3,855$2,883$801
25 years$8,250$6,289$4,732$3,520$2,595$675
26 years$7,848$5,910$4,388$3,219$2,337$569
27 years$7,477$5,562$4,075$2,946$2,107$479
28 years$7,132$5,241$3,788$2,699$1,901$404
29 years$6,812$4,945$3,525$2,475$1,717$341
30 years$6,514$4,670$3,284$2,272$1,551$288
31 years$6,235$4,414$3,061$2,087$1,402$243
32 years$5,975$4,177$2,856$1,918$1,269$205
33 years$5,731$3,956$2,667$1,763$1,148$173
34 years$5,501$3,749$2,492$1,622$1,039$146
35 years$5,286$3,556$2,330$1,494$942$123
36 years$5,082$3,375$2,179$1,376$853$104
37 years$4,890$3,206$2,040$1,267$773$88
38 years$4,709$3,046$1,910$1,168$701$74
39 years$4,538$2,897$1,790$1,077$636$63
40 years$4,375$2,756$1,677$993$577$53
41 years$4,221$2,624$1,573$917$523$45
42 years$4,074$2,499$1,475$846$475$38
43 years$3,935$2,381$1,384$781$431$32
44 years$3,802$2,269$1,300$721$391$27
45 years$3,676$2,164$1,220$666$355$23
46 years$3,555$2,064$1,146$615$322$19
47 years$3,440$1,970$1,077$568$293$16
48 years$3,330$1,881$1,012$525$266$14
49 years$3,225$1,796$951$485$241$12
50 years$3,124$1,715$894$449$219$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,200,000, adding $6,946 every year, while hoping to spend $27,850 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: 48/36/16 Blend
44$3,200,000$3,200,000$3,200,000$3,200,000
45$3,533,565$3,363,965$3,314,365$3,687,030
46$3,864,356$3,499,167$3,395,764$3,929,171
47$4,227,955$3,640,060$3,478,956$4,188,531
48$4,627,678$3,786,895$3,563,973$4,469,547
49$5,067,180$3,939,931$3,650,844$4,774,255
50$5,550,486$4,099,442$3,739,602$5,104,893
51$6,082,033$4,265,712$3,830,276$5,463,920
52$6,666,707$4,439,039$3,922,897$5,854,039
53$7,309,895$4,619,735$4,017,497$6,278,221
54$8,017,527$4,808,125$4,114,107$6,739,733
55$8,796,142$5,004,551$4,212,756$7,242,166
56$9,652,941$5,209,367$4,313,477$7,789,469
57$10,595,862$5,422,946$4,416,299$8,385,987
58$11,633,647$5,645,677$4,521,252$9,036,495
59$12,775,932$5,877,969$4,628,367$9,746,251
60$14,033,333$6,120,245$4,737,673$10,521,035
61$15,417,548$6,372,952$4,849,201$11,367,207
62$16,941,467$6,636,556$4,962,978$12,291,768
63$18,619,292$6,911,543$5,079,033$13,302,418
64$20,466,675$7,198,423$5,197,395$14,407,632
65$22,500,858$7,497,729$5,318,091$15,616,740
66$24,740,846$7,810,018$5,441,147$16,940,006
67$27,207,578$8,135,873$5,566,590$18,388,733
68$29,924,125$8,475,906$5,694,446$19,975,358
69$32,915,913$8,830,753$5,824,737$21,713,577
70$36,210,959$9,201,083$5,957,489$23,618,465
71$39,840,135$9,587,594$6,092,723$25,706,620
72$43,837,460$9,991,017$6,230,460$27,996,316
73$48,240,422$10,412,118$6,370,721$30,507,674
74$53,090,329$10,851,695$6,513,525$33,262,853
75$58,432,702$11,310,588$6,658,888$36,286,248
76$64,317,703$11,789,672$6,806,826$39,604,728
77$70,800,608$12,289,865$6,957,353$43,247,879
78$77,942,327$12,812,125$7,110,481$47,248,286
79$85,809,983$13,357,459$7,266,222$51,641,836
80$94,477,543$13,926,916$7,424,581$56,468,051
81$104,026,515$14,521,597$7,585,567$61,770,464
82$114,546,718$15,142,653$7,749,182$67,597,021
83$126,137,131$15,791,291$7,915,427$74,000,532
84$138,906,825$16,468,771$8,084,301$81,039,170
85$152,975,995$17,176,415$8,255,799$88,777,010
86$168,477,091$17,915,604$8,429,913$97,284,634
87$185,556,072$18,687,787$8,606,633$106,639,794
88$204,373,781$19,494,477$8,785,944$116,928,137
89$225,107,461$20,337,261$8,967,828$128,244,018
90$247,952,435$21,217,800$9,152,263$140,691,375
91$273,123,943$22,137,831$9,339,223$154,384,715
92$300,859,175$23,099,176$9,528,678$169,450,185
93$331,419,514$24,103,738$9,720,592$186,026,759
94$365,092,998$25,153,515$9,914,925$204,267,546
95$402,197,041$26,250,594$10,111,632$224,341,227
96$443,081,430$27,397,164$10,310,662$246,433,643
97$488,131,626$28,595,515$10,511,960$270,749,543
98$537,772,402$29,848,046$10,715,461$297,514,511
99$592,471,855$31,157,268$10,921,096$326,977,089
100$652,745,822$32,525,812$11,128,791$359,411,116