Can I retire at age 45 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$199,841$198,061$196,325$194,629$192,974$187,928
2 years$98,931$97,089$95,303$93,572$91,892$86,843
3 years$65,299$63,449$61,667$59,952$58,300$53,405
4 years$48,486$46,641$44,878$43,192$41,580$36,878
5 years$38,401$36,567$34,827$33,176$31,609$27,111
6 years$31,680$29,860$28,146$26,531$25,011$20,723
7 years$26,881$25,076$23,389$21,813$20,341$16,263
8 years$23,283$21,495$19,836$18,298$16,874$13,005
9 years$20,487$18,715$17,085$15,586$14,211$10,545
10 years$18,251$16,497$14,895$13,435$12,108$8,643
11 years$16,423$14,686$13,113$11,693$10,413$7,143
12 years$14,900$13,181$11,638$10,256$9,024$5,943
13 years$13,613$11,912$10,397$9,055$7,869$4,970
14 years$12,510$10,828$9,342$8,038$6,898$4,175
15 years$11,556$9,891$8,435$7,168$6,074$3,520
16 years$10,722$9,075$7,647$6,418$5,368$2,976
17 years$9,986$8,358$6,959$5,767$4,760$2,522
18 years$9,333$7,723$6,352$5,197$4,232$2,142
19 years$8,749$7,158$5,815$4,696$3,772$1,823
20 years$8,225$6,651$5,337$4,253$3,369$1,553
21 years$7,751$6,195$4,909$3,860$3,015$1,325
22 years$7,320$5,783$4,524$3,510$2,703$1,131
23 years$6,928$5,409$4,177$3,196$2,426$967
24 years$6,569$5,068$3,863$2,915$2,181$827
25 years$6,239$4,756$3,578$2,662$1,962$708
26 years$5,935$4,470$3,319$2,434$1,767$606
27 years$5,654$4,207$3,082$2,228$1,594$519
28 years$5,394$3,964$2,865$2,041$1,438$445
29 years$5,152$3,739$2,666$1,872$1,298$382
30 years$4,926$3,531$2,483$1,718$1,173$327
31 years$4,716$3,338$2,315$1,578$1,061$281
32 years$4,519$3,159$2,160$1,450$959$241
33 years$4,334$2,991$2,017$1,334$868$207
34 years$4,160$2,835$1,884$1,227$786$177
35 years$3,997$2,689$1,762$1,129$712$152
36 years$3,844$2,552$1,648$1,040$645$131
37 years$3,698$2,424$1,543$958$585$112
38 years$3,561$2,304$1,445$883$530$96
39 years$3,432$2,191$1,353$815$481$83
40 years$3,309$2,084$1,269$751$436$71
41 years$3,192$1,984$1,190$693$396$61
42 years$3,081$1,890$1,116$640$359$52
43 years$2,976$1,800$1,047$591$326$45
44 years$2,875$1,716$983$545$296$39
45 years$2,780$1,636$923$504$268$33
46 years$2,689$1,561$867$465$244$29
47 years$2,602$1,490$814$430$221$25
48 years$2,518$1,422$765$397$201$21
49 years$2,439$1,358$719$367$183$18
50 years$2,363$1,297$676$339$166$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,420,000, adding $2,916 every year, while hoping to spend $38,202 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: 56/34/10 Blend
44$2,420,000$2,420,000$2,420,000$2,420,000
45$2,669,848$2,541,588$2,504,078$2,812,664
46$2,901,526$2,625,479$2,547,318$2,993,393
47$3,155,554$2,712,200$2,590,726$3,185,674
48$3,434,173$2,801,851$2,634,268$3,394,192
49$3,739,849$2,894,531$2,677,906$3,620,501
50$4,075,298$2,990,348$2,721,600$3,866,312
51$4,443,514$3,089,410$2,765,309$4,133,506
52$4,847,792$3,191,832$2,808,987$4,424,153
53$5,291,765$3,297,729$2,852,586$4,740,532
54$5,779,432$3,407,225$2,896,055$5,085,149
55$6,315,201$3,520,446$2,939,339$5,460,764
56$6,903,925$3,637,521$2,982,380$5,870,412
57$7,550,953$3,758,587$3,025,118$6,317,437
58$8,262,177$3,883,785$3,067,486$6,805,518
59$9,044,088$4,013,259$3,109,416$7,338,706
60$9,903,837$4,147,162$3,150,834$7,921,461
61$10,849,305$4,285,649$3,191,663$8,558,693
62$11,889,172$4,428,883$3,231,821$9,255,809
63$13,033,002$4,577,033$3,271,222$10,018,763
64$14,291,333$4,730,273$3,309,773$10,854,111
65$15,675,777$4,888,784$3,347,378$11,769,072
66$17,199,126$5,052,754$3,383,935$12,771,599
67$18,875,476$5,222,378$3,419,336$13,870,448
68$20,720,357$5,397,857$3,453,467$15,075,265
69$22,750,884$5,579,402$3,486,208$16,396,672
70$24,985,911$5,767,230$3,517,432$17,846,372
71$27,446,215$5,961,566$3,547,008$19,437,251
72$30,154,691$6,162,644$3,574,795$21,183,508
73$33,136,563$6,370,708$3,600,644$23,100,782
74$36,419,629$6,586,008$3,624,402$25,206,300
75$40,034,515$6,808,807$3,645,904$27,519,040
76$44,014,973$7,039,376$3,664,979$30,059,909
77$48,398,191$7,277,996$3,681,446$32,851,939
78$53,225,149$7,524,960$3,695,117$35,920,504
79$58,541,002$7,780,571$3,705,791$39,293,559
80$64,395,509$8,045,144$3,713,260$43,001,902
81$70,843,500$8,319,006$3,717,304$47,079,463
82$77,945,396$8,602,495$3,717,692$51,563,627
83$85,767,774$8,895,966$3,714,183$56,495,581
84$94,384,002$9,199,782$3,706,522$61,920,706
85$103,874,924$9,514,325$3,694,444$67,889,002
86$114,329,628$9,839,989$3,677,670$74,455,557
87$125,846,285$10,177,184$3,655,907$81,681,073
88$138,533,075$10,526,335$3,628,849$89,632,428
89$152,509,207$10,887,883$3,596,174$98,383,315
90$167,906,045$11,262,289$3,557,545$108,014,931
91$184,868,350$11,650,030$3,512,611$118,616,742
92$203,555,640$12,051,600$3,461,002$130,287,332
93$224,143,702$12,467,514$3,402,332$143,135,324
94$246,826,245$12,898,308$3,336,196$157,280,411
95$271,816,735$13,344,538$3,262,171$172,854,481
96$299,350,402$13,806,780$3,179,813$190,002,861
97$329,686,466$14,285,636$3,088,661$208,885,687
98$363,110,582$14,781,728$2,988,227$229,679,414
99$399,937,535$15,295,707$2,878,006$252,578,483
100$440,514,212$15,828,245$2,757,468$277,797,150