Can I retire at age 45 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$289,027$286,452$283,940$281,489$279,095$269,837
2 years$143,083$140,418$137,835$135,331$132,902$123,665
3 years$94,441$91,765$89,188$86,708$84,319$75,392
4 years$70,125$67,457$64,906$62,468$60,137$51,589
5 years$55,539$52,887$50,370$47,982$45,715$37,569
6 years$45,818$43,186$40,706$38,371$36,173$28,435
7 years$38,878$36,268$33,827$31,547$29,418$22,087
8 years$33,674$31,088$28,688$26,464$24,405$17,476
9 years$29,630$27,068$24,709$22,542$20,553$14,017
10 years$26,396$23,859$21,542$19,431$17,512$11,360
11 years$23,752$21,240$18,965$16,911$15,061$9,280
12 years$21,550$19,064$16,831$14,833$13,051$7,629
13 years$19,688$17,228$15,038$13,095$11,381$6,304
14 years$18,094$15,660$13,511$11,625$9,977$5,230
15 years$16,713$14,306$12,199$10,367$8,784$4,353
16 years$15,506$13,125$11,060$9,283$7,763$3,633
17 years$14,443$12,088$10,064$8,340$6,884$3,039
18 years$13,498$11,170$9,187$7,516$6,121$2,547
19 years$12,654$10,352$8,411$6,792$5,455$2,138
20 years$11,895$9,620$7,719$6,151$4,873$1,796
21 years$11,210$8,960$7,100$5,583$4,361$1,511
22 years$10,587$8,364$6,544$5,076$3,909$1,273
23 years$10,020$7,823$6,042$4,623$3,509$1,072
24 years$9,501$7,329$5,588$4,216$3,154$904
25 years$9,024$6,878$5,175$3,850$2,838$763
26 years$8,584$6,464$4,800$3,521$2,556$644
27 years$8,177$6,084$4,457$3,223$2,305$544
28 years$7,801$5,733$4,143$2,953$2,080$459
29 years$7,451$5,408$3,856$2,708$1,878$388
30 years$7,124$5,107$3,592$2,485$1,697$328
31 years$6,820$4,828$3,348$2,282$1,534$277
32 years$6,535$4,569$3,124$2,097$1,388$234
33 years$6,268$4,326$2,917$1,929$1,256$198
34 years$6,017$4,100$2,725$1,775$1,137$167
35 years$5,781$3,889$2,548$1,634$1,030$142
36 years$5,559$3,691$2,384$1,504$933$120
37 years$5,349$3,506$2,231$1,386$846$101
38 years$5,151$3,332$2,089$1,278$767$86
39 years$4,963$3,168$1,957$1,178$695$72
40 years$4,785$3,014$1,835$1,087$631$61
41 years$4,616$2,869$1,720$1,003$572$52
42 years$4,456$2,733$1,614$925$519$44
43 years$4,304$2,604$1,514$854$471$37
44 years$4,158$2,482$1,421$789$428$31
45 years$4,020$2,367$1,335$728$388$27
46 years$3,888$2,258$1,254$673$352$22
47 years$3,763$2,155$1,178$622$320$19
48 years$3,642$2,057$1,107$574$291$16
49 years$3,527$1,964$1,040$531$264$14
50 years$3,417$1,876$978$491$240$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $3,500,000, adding $3,994 every year, while hoping to spend $38,089 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: 60/31/9 Blend
44$3,500,000$3,500,000$3,500,000$3,500,000
45$3,861,120$3,675,620$3,621,370$4,084,762
46$4,214,428$3,815,199$3,702,159$4,374,818
47$4,602,496$3,960,341$3,784,379$4,686,357
48$5,028,831$4,111,277$3,868,036$5,025,219
49$5,497,294$4,268,252$3,953,137$5,394,036
50$6,012,139$4,431,517$4,039,688$5,795,706
51$6,578,053$4,601,337$4,127,693$6,233,412
52$7,200,199$4,777,988$4,217,156$6,710,660
53$7,884,266$4,961,757$4,308,078$7,231,305
54$8,636,523$5,152,944$4,400,459$7,799,588
55$9,463,873$5,351,863$4,494,300$8,420,177
56$10,373,926$5,558,842$4,589,597$9,098,209
57$11,375,063$5,774,222$4,686,345$9,839,338
58$12,476,521$5,998,360$4,784,538$10,649,785
59$13,688,475$6,231,629$4,884,169$11,536,400
60$15,022,138$6,474,417$4,985,228$12,506,722
61$16,489,864$6,727,131$5,087,701$13,569,050
62$18,105,265$6,990,196$5,191,574$14,732,523
63$19,883,340$7,264,053$5,296,830$16,007,199
64$21,840,616$7,549,167$5,403,449$17,404,155
65$23,995,303$7,846,021$5,511,409$18,935,587
66$26,367,467$8,155,119$5,620,684$20,614,924
67$28,979,218$8,476,989$5,731,246$22,456,955
68$31,854,920$8,812,183$5,843,064$24,477,966
69$35,021,417$9,161,275$5,956,102$26,695,890
70$38,508,291$9,524,868$6,070,321$29,130,479
71$42,348,140$9,903,589$6,185,680$31,803,486
72$46,576,881$10,298,096$6,302,131$34,738,872
73$51,234,094$10,709,074$6,419,624$37,963,023
74$56,363,394$11,137,241$6,538,104$41,505,006
75$62,012,841$11,583,346$6,657,511$45,396,837
76$68,235,393$12,048,172$6,777,779$49,673,781
77$75,089,408$12,532,538$6,898,840$54,374,685
78$82,639,194$13,037,299$7,020,618$59,542,339
79$90,955,614$13,563,349$7,143,031$65,223,882
80$100,116,757$14,111,623$7,265,992$71,471,242
81$110,208,672$14,683,098$7,389,409$78,341,624
82$121,326,182$15,278,795$7,513,180$85,898,050
83$133,573,779$15,899,783$7,637,198$94,209,945
84$147,066,610$16,547,178$7,761,349$103,353,798
85$161,931,561$17,222,146$7,885,511$113,413,875
86$178,308,458$17,925,909$8,009,553$124,483,014
87$196,351,384$18,659,742$8,133,337$136,663,496
88$216,230,136$19,424,981$8,256,715$150,068,012
89$238,131,825$20,223,019$8,379,530$164,820,720
90$262,262,641$21,055,318$8,501,614$181,058,411
91$288,849,804$21,923,402$8,622,792$198,931,803
92$318,143,704$22,828,868$8,742,875$218,606,957
93$350,420,264$23,773,385$8,861,664$240,266,838
94$385,983,550$24,758,700$8,978,948$264,113,041
95$425,168,634$25,786,638$9,094,505$290,367,692
96$468,344,761$26,859,110$9,208,098$319,275,533
97$515,918,835$27,978,114$9,319,477$351,106,238
98$568,339,256$29,145,741$9,428,379$386,156,943
99$626,100,156$30,364,178$9,534,525$424,755,056
100$689,746,061$31,635,713$9,637,622$467,261,333