Can I retire at age 45 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$280,769$278,268$275,828$273,446$271,121$267,179
2 years$138,994$136,406$133,897$131,465$129,105$125,143
3 years$91,743$89,143$86,640$84,231$81,910$78,049
4 years$68,121$65,529$63,052$60,683$58,419$54,690
5 years$53,952$51,376$48,931$46,611$44,409$40,823
6 years$44,509$41,952$39,543$37,275$35,139$31,700
7 years$37,767$35,231$32,861$30,646$28,578$25,286
8 years$32,712$30,200$27,869$25,708$23,708$20,564
9 years$28,783$26,294$24,003$21,897$19,965$16,967
10 years$25,642$23,177$20,926$18,876$17,012$14,157
11 years$23,073$20,633$18,423$16,428$14,631$11,917
12 years$20,934$18,519$16,350$14,409$12,679$10,102
13 years$19,126$16,736$14,608$12,721$11,056$8,614
14 years$17,577$15,213$13,125$11,292$9,692$7,380
15 years$16,236$13,897$11,850$10,071$8,533$6,347
16 years$15,063$12,750$10,744$9,017$7,542$5,478
17 years$14,030$11,742$9,777$8,102$6,687$4,741
18 years$13,112$10,851$8,925$7,302$5,946$4,112
19 years$12,293$10,056$8,170$6,598$5,300$3,575
20 years$11,556$9,345$7,498$5,975$4,734$3,113
21 years$10,890$8,704$6,897$5,423$4,236$2,715
22 years$10,285$8,125$6,357$4,931$3,797$2,371
23 years$9,734$7,599$5,869$4,491$3,408$2,073
24 years$9,229$7,120$5,428$4,096$3,064$1,814
25 years$8,766$6,682$5,027$3,740$2,757$1,588
26 years$8,339$6,280$4,663$3,420$2,483$1,392
27 years$7,944$5,910$4,330$3,130$2,239$1,221
28 years$7,578$5,569$4,025$2,868$2,020$1,071
29 years$7,238$5,254$3,746$2,630$1,824$941
30 years$6,921$4,962$3,489$2,414$1,648$826
31 years$6,625$4,690$3,253$2,217$1,490$726
32 years$6,348$4,438$3,035$2,037$1,348$638
33 years$6,089$4,203$2,834$1,874$1,220$561
34 years$5,845$3,983$2,648$1,724$1,104$493
35 years$5,616$3,778$2,475$1,587$1,000$434
36 years$5,400$3,586$2,316$1,461$906$382
37 years$5,196$3,406$2,167$1,347$821$336
38 years$5,003$3,237$2,030$1,241$745$296
39 years$4,821$3,078$1,901$1,144$675$260
40 years$4,648$2,928$1,782$1,056$613$229
41 years$4,484$2,788$1,671$974$556$202
42 years$4,329$2,655$1,568$899$504$178
43 years$4,181$2,529$1,471$830$458$156
44 years$4,040$2,411$1,381$766$415$138
45 years$3,905$2,299$1,297$707$377$121
46 years$3,777$2,193$1,218$654$342$107
47 years$3,655$2,093$1,144$604$311$94
48 years$3,538$1,998$1,075$558$282$83
49 years$3,426$1,908$1,011$516$256$73
50 years$3,320$1,823$950$477$233$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,400,000, adding $2,517 every year, while hoping to spend $26,541 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: 31/48/21 Blend
44$3,400,000$3,400,000$3,400,000$3,400,000
45$3,749,396$3,569,196$3,516,496$3,841,072
46$4,103,595$3,715,847$3,606,059$4,057,271
47$4,493,033$3,868,795$3,697,734$4,287,274
48$4,921,276$4,028,319$3,791,561$4,534,315
49$5,392,253$4,194,714$3,887,585$4,799,893
50$5,910,294$4,368,286$3,985,850$5,085,650
51$6,480,167$4,549,356$4,086,400$5,393,388
52$7,107,129$4,738,259$4,189,279$5,725,081
53$7,796,970$4,935,347$4,294,534$6,082,892
54$8,556,069$5,140,987$4,402,209$6,469,198
55$9,391,456$5,355,564$4,512,351$6,886,602
56$10,310,877$5,579,479$4,625,007$7,337,964
57$11,322,866$5,813,153$4,740,224$7,826,420
58$12,436,826$6,057,025$4,858,049$8,355,416
59$13,663,120$6,311,557$4,978,532$8,928,733
60$15,013,164$6,577,229$5,101,719$9,550,526
61$16,499,540$6,854,546$5,227,659$10,225,355
62$18,136,110$7,144,036$5,356,402$10,958,233
63$19,938,148$7,446,249$5,487,997$11,754,668
64$21,922,488$7,761,763$5,622,493$12,620,710
65$24,107,675$8,091,184$5,759,941$13,563,011
66$26,514,148$8,435,142$5,900,389$14,588,882
67$29,164,428$8,794,300$6,043,888$15,706,360
68$32,083,329$9,169,351$6,190,488$16,924,285
69$35,298,199$9,561,019$6,340,240$18,252,372
70$38,839,170$9,970,063$6,493,192$19,701,310
71$42,739,447$10,397,279$6,649,396$21,282,852
72$47,035,622$10,843,496$6,808,902$23,009,929
73$51,768,013$11,309,586$6,971,759$24,896,763
74$56,981,054$11,796,459$7,138,016$26,959,004
75$62,723,705$12,305,069$7,307,723$29,213,868
76$69,049,920$12,836,414$7,480,928$31,680,300
77$76,019,153$13,391,539$7,657,680$34,379,148
78$83,696,921$13,971,539$7,838,027$37,333,355
79$92,155,422$14,577,560$8,022,016$40,568,172
80$101,474,214$15,210,799$8,209,693$44,111,393
81$111,740,970$15,872,515$8,401,104$47,993,611
82$123,052,301$16,564,020$8,596,293$52,248,501
83$135,514,671$17,286,692$8,795,304$56,913,138
84$149,245,401$18,041,973$8,998,180$62,028,334
85$164,373,774$18,831,372$9,204,961$67,639,025
86$181,042,260$19,656,470$9,415,688$73,794,687
87$199,407,855$20,518,922$9,630,399$80,549,795
88$219,643,569$21,420,462$9,849,129$87,964,332
89$241,940,053$22,362,904$10,071,915$96,104,351
90$266,507,403$23,348,151$10,298,789$105,042,590
91$293,577,140$24,378,193$10,529,781$114,859,150
92$323,404,400$25,455,116$10,764,919$125,642,247
93$356,270,335$26,581,103$11,004,231$137,489,034
94$392,484,774$27,758,442$11,247,737$150,506,512
95$432,389,144$28,989,529$11,495,460$164,812,529
96$476,359,694$30,276,873$11,747,415$180,536,888
97$524,811,046$31,623,103$12,003,617$197,822,558
98$578,200,110$33,030,972$12,264,075$216,827,018
99$637,030,396$34,503,364$12,528,796$237,723,731
100$701,856,768$36,043,301$12,797,783$260,703,770