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%16.5%
1 years$198,190$196,424$194,702$193,021$191,379$186,299
2 years$98,114$96,286$94,516$92,799$91,133$86,051
3 years$64,759$62,924$61,158$59,457$57,819$52,893
4 years$48,086$46,256$44,507$42,835$41,237$36,505
5 years$38,084$36,265$34,539$32,902$31,347$26,823
6 years$31,418$29,613$27,913$26,312$24,804$20,492
7 years$26,659$24,869$23,196$21,632$20,172$16,072
8 years$23,091$21,318$19,672$18,147$16,735$12,845
9 years$20,318$18,561$16,943$15,457$14,093$10,409
10 years$18,100$16,360$14,772$13,324$12,008$8,526
11 years$16,287$14,565$13,005$11,596$10,327$7,042
12 years$14,777$13,072$11,541$10,171$8,950$5,855
13 years$13,500$11,814$10,311$8,980$7,804$4,893
14 years$12,407$10,738$9,265$7,971$6,841$4,108
15 years$11,460$9,810$8,365$7,109$6,023$3,460
16 years$10,633$9,000$7,584$6,365$5,324$2,924
17 years$9,904$8,289$6,901$5,719$4,720$2,476
18 years$9,256$7,659$6,300$5,154$4,197$2,102
19 years$8,677$7,099$5,767$4,657$3,741$1,787
20 years$8,157$6,596$5,293$4,218$3,341$1,521
21 years$7,687$6,144$4,868$3,828$2,990$1,297
22 years$7,260$5,735$4,487$3,481$2,680$1,106
23 years$6,871$5,364$4,143$3,170$2,406$945
24 years$6,515$5,026$3,832$2,891$2,163$807
25 years$6,188$4,717$3,549$2,640$1,946$691
26 years$5,886$4,433$3,291$2,414$1,753$591
27 years$5,607$4,172$3,056$2,210$1,580$506
28 years$5,349$3,931$2,841$2,025$1,426$433
29 years$5,109$3,708$2,644$1,857$1,288$371
30 years$4,885$3,502$2,463$1,704$1,163$318
31 years$4,677$3,311$2,296$1,565$1,052$273
32 years$4,481$3,133$2,142$1,438$951$234
33 years$4,298$2,967$2,000$1,323$861$200
34 years$4,126$2,812$1,869$1,217$780$172
35 years$3,964$2,667$1,747$1,120$706$147
36 years$3,812$2,531$1,634$1,032$640$126
37 years$3,668$2,404$1,530$951$580$108
38 years$3,532$2,285$1,433$876$526$93
39 years$3,403$2,173$1,342$808$477$80
40 years$3,281$2,067$1,258$745$432$68
41 years$3,165$1,968$1,180$687$392$59
42 years$3,056$1,874$1,107$634$356$50
43 years$2,951$1,785$1,038$586$323$43
44 years$2,852$1,702$975$541$293$37
45 years$2,757$1,623$915$499$266$32
46 years$2,666$1,548$860$461$242$27
47 years$2,580$1,477$808$426$219$23
48 years$2,498$1,410$759$394$199$20
49 years$2,419$1,347$713$364$181$17
50 years$2,343$1,287$671$336$164$15

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 $2,390 every year, while hoping to spend $30,801 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: 79/8/13 Blend
44$2,400,000$2,400,000$2,400,000$2,400,000
45$2,647,265$2,520,065$2,482,865$2,849,506
46$2,884,514$2,610,776$2,533,269$3,073,566
47$3,144,930$2,704,900$2,584,329$3,315,130
48$3,430,844$2,802,571$2,636,035$3,579,279
49$3,744,823$2,903,930$2,688,375$3,868,258
50$4,089,694$3,009,122$2,741,335$4,184,540
51$4,468,574$3,118,299$2,794,900$4,530,848
52$4,884,894$3,231,621$2,849,055$4,910,181
53$5,342,434$3,349,253$2,903,780$5,325,841
54$5,845,362$3,471,365$2,959,056$5,781,468
55$6,398,265$3,598,138$3,014,861$6,281,069
56$7,006,200$3,729,759$3,071,170$6,829,057
57$7,674,736$3,866,421$3,127,958$7,430,294
58$8,410,011$4,008,327$3,185,196$8,090,138
59$9,218,786$4,155,689$3,242,854$8,814,488
60$10,108,511$4,308,727$3,300,899$9,609,844
61$11,087,395$4,467,670$3,359,295$10,483,366
62$12,164,481$4,632,757$3,418,003$11,442,943
63$13,349,734$4,804,239$3,476,982$12,497,267
64$14,654,134$4,982,373$3,536,188$13,655,910
65$16,089,778$5,167,433$3,595,573$14,929,423
66$17,669,998$5,359,699$3,655,087$16,329,427
67$19,409,480$5,559,467$3,714,675$17,868,726
68$21,324,410$5,767,043$3,774,279$19,561,429
69$23,432,620$5,982,748$3,833,837$21,423,080
70$25,753,760$6,206,916$3,893,284$23,470,805
71$28,309,484$6,439,895$3,952,550$25,723,474
72$31,123,650$6,682,049$4,011,559$28,201,880
73$34,222,549$6,933,756$4,070,233$30,928,931
74$37,635,151$7,195,412$4,128,487$33,929,871
75$41,393,378$7,467,429$4,186,233$37,232,513
76$45,532,406$7,750,237$4,243,376$40,867,504
77$50,090,998$8,044,285$4,299,815$44,868,615
78$55,111,866$8,350,041$4,355,446$49,273,056
79$60,642,078$8,667,994$4,410,154$54,121,828
80$66,733,499$8,998,655$4,463,823$59,460,112
81$73,443,281$9,342,554$4,516,327$65,337,692
82$80,834,404$9,700,248$4,567,533$71,809,425
83$88,976,270$10,072,317$4,617,301$78,935,761
84$97,945,353$10,459,364$4,665,484$86,783,309
85$107,825,928$10,862,022$4,711,927$95,425,469
86$118,710,862$11,280,950$4,756,466$104,943,123
87$130,702,489$11,716,836$4,798,927$115,425,395
88$143,913,581$12,170,399$4,839,129$126,970,499
89$158,468,406$12,642,388$4,876,880$139,686,658
90$174,503,907$13,133,588$4,911,978$153,693,129
91$192,170,987$13,644,816$4,944,211$169,121,327
92$211,635,942$14,176,926$4,973,356$186,116,069
93$233,082,023$14,730,810$4,999,179$204,836,931
94$256,711,169$15,307,400$5,021,431$225,459,764
95$282,745,914$15,907,668$5,039,855$248,178,349
96$311,431,484$16,532,631$5,054,177$273,206,223
97$343,038,115$17,183,350$5,064,112$300,778,699
98$377,863,602$17,860,933$5,069,359$331,155,086
99$416,236,110$18,566,540$5,069,603$364,621,132
100$458,517,273$19,301,379$5,064,514$401,491,724