Can I retire at age 45 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$198,190$196,424$194,702$193,021$191,379$189,776
2 years$98,114$96,286$94,516$92,799$91,133$89,517
3 years$64,759$62,924$61,158$59,457$57,819$56,240
4 years$48,086$46,256$44,507$42,835$41,237$39,708
5 years$38,084$36,265$34,539$32,902$31,347$29,873
6 years$31,418$29,613$27,913$26,312$24,804$23,385
7 years$26,659$24,869$23,196$21,632$20,172$18,810
8 years$23,091$21,318$19,672$18,147$16,735$15,429
9 years$20,318$18,561$16,943$15,457$14,093$12,844
10 years$18,100$16,360$14,772$13,324$12,008$10,814
11 years$16,287$14,565$13,005$11,596$10,327$9,188
12 years$14,777$13,072$11,541$10,171$8,950$7,864
13 years$13,500$11,814$10,311$8,980$7,804$6,771
14 years$12,407$10,738$9,265$7,971$6,841$5,859
15 years$11,460$9,810$8,365$7,109$6,023$5,091
16 years$10,633$9,000$7,584$6,365$5,324$4,439
17 years$9,904$8,289$6,901$5,719$4,720$3,882
18 years$9,256$7,659$6,300$5,154$4,197$3,404
19 years$8,677$7,099$5,767$4,657$3,741$2,991
20 years$8,157$6,596$5,293$4,218$3,341$2,634
21 years$7,687$6,144$4,868$3,828$2,990$2,323
22 years$7,260$5,735$4,487$3,481$2,680$2,052
23 years$6,871$5,364$4,143$3,170$2,406$1,814
24 years$6,515$5,026$3,832$2,891$2,163$1,606
25 years$6,188$4,717$3,549$2,640$1,946$1,423
26 years$5,886$4,433$3,291$2,414$1,753$1,262
27 years$5,607$4,172$3,056$2,210$1,580$1,120
28 years$5,349$3,931$2,841$2,025$1,426$995
29 years$5,109$3,708$2,644$1,857$1,288$884
30 years$4,885$3,502$2,463$1,704$1,163$786
31 years$4,677$3,311$2,296$1,565$1,052$700
32 years$4,481$3,133$2,142$1,438$951$623
33 years$4,298$2,967$2,000$1,323$861$554
34 years$4,126$2,812$1,869$1,217$780$494
35 years$3,964$2,667$1,747$1,120$706$440
36 years$3,812$2,531$1,634$1,032$640$392
37 years$3,668$2,404$1,530$951$580$349
38 years$3,532$2,285$1,433$876$526$311
39 years$3,403$2,173$1,342$808$477$277
40 years$3,281$2,067$1,258$745$432$247
41 years$3,165$1,968$1,180$687$392$221
42 years$3,056$1,874$1,107$634$356$197
43 years$2,951$1,785$1,038$586$323$176
44 years$2,852$1,702$975$541$293$157
45 years$2,757$1,623$915$499$266$140
46 years$2,666$1,548$860$461$242$125
47 years$2,580$1,477$808$426$219$111
48 years$2,498$1,410$759$394$199$99
49 years$2,419$1,347$713$364$181$89
50 years$2,343$1,287$671$336$164$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,400,000, adding $4,475 every year, while hoping to spend $31,116 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: 72/18/10 Blend
44$2,400,000$2,400,000$2,400,000$2,400,000
45$2,649,416$2,522,216$2,485,016$2,834,829
46$2,886,549$2,612,697$2,535,157$3,048,476
47$3,146,827$2,706,569$2,585,935$3,278,053
48$3,432,578$2,803,966$2,637,338$3,528,574
49$3,746,365$2,905,025$2,689,353$3,802,098
50$4,091,015$3,009,891$2,741,966$4,100,893
51$4,469,637$3,118,715$2,795,162$4,427,455
52$4,885,662$3,231,653$2,848,921$4,784,531
53$5,342,865$3,348,870$2,903,225$5,175,146
54$5,845,407$3,470,534$2,958,053$5,602,633
55$6,397,872$3,596,824$3,013,381$6,070,659
56$7,005,309$3,727,922$3,069,184$6,583,264
57$7,673,283$3,864,023$3,125,434$7,144,895
58$8,407,923$4,005,326$3,182,101$7,760,451
59$9,215,984$4,152,039$3,239,154$8,435,327
60$10,104,906$4,304,381$3,296,558$9,175,465
61$11,082,888$4,462,577$3,354,274$9,987,408
62$12,158,964$4,626,865$3,412,263$10,878,366
63$13,343,087$4,797,489$3,470,483$11,856,277
64$14,646,223$4,974,707$3,528,885$12,929,887
65$16,080,456$5,158,787$3,587,421$14,108,829
66$17,659,102$5,350,006$3,646,039$15,403,714
67$19,396,830$5,548,656$3,704,681$16,826,233
68$21,309,806$5,755,040$3,763,287$18,389,262
69$23,415,842$5,969,473$3,821,793$20,106,988
70$25,734,566$6,192,285$3,880,131$21,995,039
71$28,287,604$6,423,819$3,938,228$24,070,632
72$31,098,788$6,664,435$3,996,007$26,352,736
73$34,194,377$6,914,504$4,053,386$28,862,248
74$37,603,306$7,174,418$4,110,277$31,622,192
75$41,357,461$7,444,582$4,166,589$34,657,934
76$45,491,976$7,725,421$4,222,224$37,997,421
77$50,045,567$8,017,376$4,277,078$41,671,445
78$55,060,898$8,320,910$4,331,042$45,713,933
79$60,584,978$8,636,503$4,384,001$50,162,263
80$66,669,612$8,964,659$4,435,832$55,057,623
81$73,371,886$9,305,900$4,486,405$60,445,391
82$80,754,703$9,660,774$4,535,585$66,375,569
83$88,887,383$10,029,852$4,583,227$72,903,248
84$97,846,311$10,413,730$4,629,180$80,089,134
85$107,715,661$10,813,028$4,673,283$88,000,114
86$118,588,188$11,228,397$4,715,368$96,709,891
87$130,566,107$11,660,512$4,755,257$106,299,675
88$143,762,055$12,110,082$4,792,763$116,858,950
89$158,300,153$12,577,845$4,827,689$128,486,319
90$174,317,180$13,064,570$4,859,828$141,290,433
91$191,963,861$13,571,063$4,888,961$155,391,012
92$211,406,293$14,098,163$4,914,859$170,919,979
93$232,827,510$14,646,748$4,937,282$188,022,702
94$256,429,211$15,217,733$4,955,976$206,859,365
95$282,433,664$15,812,076$4,970,675$227,606,477
96$311,085,804$16,430,775$4,981,099$250,458,539
97$342,655,546$17,074,873$4,986,956$275,629,880
98$377,440,330$17,745,459$4,987,937$303,356,675
99$415,767,930$18,443,673$4,983,719$333,899,175
100$457,999,549$19,170,704$4,973,964$367,544,162