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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$198,190$196,424$194,702$193,021$191,379$186,450
2 years$98,114$96,286$94,516$92,799$91,133$86,200
3 years$64,759$62,924$61,158$59,457$57,819$53,036
4 years$48,086$46,256$44,507$42,835$41,237$36,641
5 years$38,084$36,265$34,539$32,902$31,347$26,951
6 years$31,418$29,613$27,913$26,312$24,804$20,612
7 years$26,659$24,869$23,196$21,632$20,172$16,185
8 years$23,091$21,318$19,672$18,147$16,735$12,950
9 years$20,318$18,561$16,943$15,457$14,093$10,507
10 years$18,100$16,360$14,772$13,324$12,008$8,617
11 years$16,287$14,565$13,005$11,596$10,327$7,126
12 years$14,777$13,072$11,541$10,171$8,950$5,932
13 years$13,500$11,814$10,311$8,980$7,804$4,965
14 years$12,407$10,738$9,265$7,971$6,841$4,174
15 years$11,460$9,810$8,365$7,109$6,023$3,521
16 years$10,633$9,000$7,584$6,365$5,324$2,979
17 years$9,904$8,289$6,901$5,719$4,720$2,527
18 years$9,256$7,659$6,300$5,154$4,197$2,148
19 years$8,677$7,099$5,767$4,657$3,741$1,829
20 years$8,157$6,596$5,293$4,218$3,341$1,559
21 years$7,687$6,144$4,868$3,828$2,990$1,331
22 years$7,260$5,735$4,487$3,481$2,680$1,138
23 years$6,871$5,364$4,143$3,170$2,406$973
24 years$6,515$5,026$3,832$2,891$2,163$833
25 years$6,188$4,717$3,549$2,640$1,946$713
26 years$5,886$4,433$3,291$2,414$1,753$611
27 years$5,607$4,172$3,056$2,210$1,580$524
28 years$5,349$3,931$2,841$2,025$1,426$450
29 years$5,109$3,708$2,644$1,857$1,288$386
30 years$4,885$3,502$2,463$1,704$1,163$331
31 years$4,677$3,311$2,296$1,565$1,052$284
32 years$4,481$3,133$2,142$1,438$951$244
33 years$4,298$2,967$2,000$1,323$861$210
34 years$4,126$2,812$1,869$1,217$780$180
35 years$3,964$2,667$1,747$1,120$706$155
36 years$3,812$2,531$1,634$1,032$640$133
37 years$3,668$2,404$1,530$951$580$114
38 years$3,532$2,285$1,433$876$526$98
39 years$3,403$2,173$1,342$808$477$84
40 years$3,281$2,067$1,258$745$432$73
41 years$3,165$1,968$1,180$687$392$62
42 years$3,056$1,874$1,107$634$356$54
43 years$2,951$1,785$1,038$586$323$46
44 years$2,852$1,702$975$541$293$40
45 years$2,757$1,623$915$499$266$34
46 years$2,666$1,548$860$461$242$29
47 years$2,580$1,477$808$426$219$25
48 years$2,498$1,410$759$394$199$22
49 years$2,419$1,347$713$364$181$19
50 years$2,343$1,287$671$336$164$16

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 $3,662 every year, while hoping to spend $48,942 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: 25/48/27 Blend
44$2,400,000$2,400,000$2,400,000$2,400,000
45$2,648,577$2,521,377$2,484,177$2,692,225
46$2,866,658$2,592,851$2,515,323$2,800,229
47$3,105,343$2,666,186$2,545,872$2,911,532
48$3,366,682$2,741,423$2,575,753$3,029,851
49$3,652,932$2,818,602$2,604,889$3,155,805
50$3,966,579$2,897,761$2,633,201$3,290,078
51$4,310,362$2,978,943$2,660,605$3,433,421
52$4,687,294$3,062,187$2,687,011$3,586,661
53$5,100,698$3,147,534$2,712,325$3,750,706
54$5,554,231$3,235,025$2,736,450$3,926,558
55$6,051,922$3,324,701$2,759,281$4,115,319
56$6,598,210$3,416,602$2,780,708$4,318,200
57$7,197,981$3,510,770$2,800,616$4,536,538
58$7,856,623$3,607,245$2,818,884$4,771,802
59$8,580,065$3,706,067$2,835,384$5,025,612
60$9,374,844$3,807,277$2,849,981$5,299,750
61$10,248,159$3,910,913$2,862,536$5,596,182
62$11,207,939$4,017,016$2,872,899$5,917,070
63$12,262,923$4,125,624$2,880,915$6,264,797
64$13,422,736$4,236,774$2,886,420$6,641,990
65$14,697,983$4,350,504$2,889,243$7,051,540
66$16,100,348$4,466,850$2,889,204$7,496,635
67$17,642,705$4,585,847$2,886,114$7,980,786
68$19,339,235$4,707,528$2,879,773$8,507,862
69$21,205,567$4,831,926$2,869,975$9,082,128
70$23,258,917$4,959,073$2,856,501$9,708,281
71$25,518,255$5,088,996$2,839,123$10,391,499
72$28,004,485$5,221,725$2,817,601$11,137,488
73$30,740,636$5,357,283$2,791,684$11,952,535
74$33,752,084$5,495,693$2,761,109$12,843,570
75$37,066,791$5,636,977$2,725,601$13,818,230
76$40,715,567$5,781,151$2,684,871$14,884,931
77$44,732,358$5,928,231$2,638,618$16,052,949
78$49,154,572$6,078,227$2,586,525$17,332,508
79$54,023,426$6,231,148$2,528,261$18,734,875
80$59,384,338$6,386,998$2,463,481$20,272,468
81$65,287,355$6,545,775$2,391,822$21,958,974
82$71,787,623$6,707,476$2,312,906$23,809,478
83$78,945,909$6,872,090$2,226,336$25,840,606
84$86,829,172$7,039,603$2,131,699$28,070,683
85$95,511,197$7,209,993$2,028,561$30,519,906
86$105,073,291$7,383,235$1,916,469$33,210,533
87$115,605,046$7,559,293$1,794,951$36,167,101
88$127,205,191$7,738,128$1,663,511$39,416,650
89$139,982,516$7,919,692$1,521,634$42,988,985
90$154,056,903$8,103,927$1,368,780$46,916,953
91$169,560,457$8,290,770$1,204,384$51,236,760
92$186,638,751$8,480,145$1,027,858$55,988,310
93$205,452,200$8,671,968$838,588$61,215,583
94$226,177,573$8,866,144$635,929$66,967,054
95$249,009,666$9,062,565$419,213$73,296,146
96$274,163,135$9,261,114$187,740$80,261,744
97$301,874,524$9,461,657$0$87,928,745
98$332,404,497$9,664,050$0$96,385,755
99$366,040,299$9,868,132$0$105,753,359
100$403,098,465$10,073,725$0$116,064,529