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

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$199,841$198,061$196,325$194,629$192,974$186,797
2 years$98,931$97,089$95,303$93,572$91,892$85,726
3 years$65,299$63,449$61,667$59,952$58,300$52,338
4 years$48,486$46,641$44,878$43,192$41,580$35,868
5 years$38,401$36,567$34,827$33,176$31,609$26,162
6 years$31,680$29,860$28,146$26,531$25,011$19,834
7 years$26,881$25,076$23,389$21,813$20,341$15,433
8 years$23,283$21,495$19,836$18,298$16,874$12,232
9 years$20,487$18,715$17,085$15,586$14,211$9,829
10 years$18,251$16,497$14,895$13,435$12,108$7,981
11 years$16,423$14,686$13,113$11,693$10,413$6,532
12 years$14,900$13,181$11,638$10,256$9,024$5,381
13 years$13,613$11,912$10,397$9,055$7,869$4,455
14 years$12,510$10,828$9,342$8,038$6,898$3,704
15 years$11,556$9,891$8,435$7,168$6,074$3,090
16 years$10,722$9,075$7,647$6,418$5,368$2,584
17 years$9,986$8,358$6,959$5,767$4,760$2,166
18 years$9,333$7,723$6,352$5,197$4,232$1,820
19 years$8,749$7,158$5,815$4,696$3,772$1,531
20 years$8,225$6,651$5,337$4,253$3,369$1,289
21 years$7,751$6,195$4,909$3,860$3,015$1,087
22 years$7,320$5,783$4,524$3,510$2,703$918
23 years$6,928$5,409$4,177$3,196$2,426$775
24 years$6,569$5,068$3,863$2,915$2,181$655
25 years$6,239$4,756$3,578$2,662$1,962$554
26 years$5,935$4,470$3,319$2,434$1,767$469
27 years$5,654$4,207$3,082$2,228$1,594$397
28 years$5,394$3,964$2,865$2,041$1,438$336
29 years$5,152$3,739$2,666$1,872$1,298$284
30 years$4,926$3,531$2,483$1,718$1,173$241
31 years$4,716$3,338$2,315$1,578$1,061$204
32 years$4,519$3,159$2,160$1,450$959$173
33 years$4,334$2,991$2,017$1,334$868$147
34 years$4,160$2,835$1,884$1,227$786$124
35 years$3,997$2,689$1,762$1,129$712$105
36 years$3,844$2,552$1,648$1,040$645$89
37 years$3,698$2,424$1,543$958$585$76
38 years$3,561$2,304$1,445$883$530$64
39 years$3,432$2,191$1,353$815$481$54
40 years$3,309$2,084$1,269$751$436$46
41 years$3,192$1,984$1,190$693$396$39
42 years$3,081$1,890$1,116$640$359$33
43 years$2,976$1,800$1,047$591$326$28
44 years$2,875$1,716$983$545$296$24
45 years$2,780$1,636$923$504$268$20
46 years$2,689$1,561$867$465$244$17
47 years$2,602$1,490$814$430$221$15
48 years$2,518$1,422$765$397$201$12
49 years$2,439$1,358$719$367$183$10
50 years$2,363$1,297$676$339$166$9

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 $4,801 every year, while hoping to spend $45,814 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: 69/22/9 Blend
44$2,420,000$2,420,000$2,420,000$2,420,000
45$2,671,792$2,543,532$2,506,022$2,851,255
46$2,895,569$2,619,420$2,541,228$3,046,718
47$3,140,636$2,697,490$2,576,078$3,254,450
48$3,409,116$2,777,802$2,610,512$3,480,467
49$3,703,347$2,860,415$2,644,465$3,726,556
50$4,025,904$2,945,392$2,677,870$3,994,682
51$4,379,624$3,032,793$2,710,657$4,287,010
52$4,767,630$3,122,685$2,742,748$4,605,923
53$5,193,364$3,215,131$2,774,066$4,954,046
54$5,660,614$3,310,200$2,804,524$5,334,267
55$6,173,556$3,407,959$2,834,035$5,749,770
56$6,736,788$3,508,479$2,862,505$6,204,057
57$7,355,376$3,611,830$2,889,834$6,700,989
58$8,034,901$3,718,086$2,915,919$7,244,815
59$8,781,509$3,827,320$2,940,651$7,840,218
60$9,601,973$3,939,609$2,963,913$8,492,353
61$10,503,754$4,055,029$2,985,584$9,206,902
62$11,495,071$4,173,660$3,005,535$9,990,119
63$12,584,981$4,295,582$3,023,633$10,848,897
64$13,783,460$4,420,877$3,039,736$11,790,829
65$15,101,501$4,549,628$3,053,695$12,824,278
66$16,551,214$4,681,919$3,065,354$13,958,459
67$18,145,942$4,817,838$3,074,547$15,203,521
68$19,900,387$4,957,471$3,081,104$16,570,649
69$21,830,748$5,100,909$3,084,843$18,072,162
70$23,954,873$5,248,241$3,085,573$19,721,637
71$26,292,426$5,399,561$3,083,095$21,534,029
72$28,865,075$5,554,961$3,077,201$23,525,815
73$31,696,695$5,714,536$3,067,669$25,715,152
74$34,813,593$5,878,384$3,054,271$28,122,044
75$38,244,755$6,046,600$3,036,765$30,768,532
76$42,022,121$6,219,285$3,014,898$33,678,902
77$46,180,886$6,396,538$2,988,405$36,879,913
78$50,759,828$6,578,460$2,957,009$40,401,051
79$55,801,680$6,765,155$2,920,418$44,274,805
80$61,353,528$6,956,724$2,878,329$48,536,974
81$67,467,256$7,153,272$2,830,422$53,227,005
82$74,200,039$7,354,905$2,776,363$58,388,366
83$81,614,876$7,561,728$2,715,804$64,068,952
84$89,781,189$7,773,848$2,648,379$70,321,542
85$98,775,476$7,991,373$2,573,706$77,204,292
86$108,682,033$8,214,409$2,491,384$84,781,289
87$119,593,750$8,443,064$2,400,995$93,123,149
88$131,612,987$8,677,448$2,302,102$102,307,689
89$144,852,536$8,917,668$2,194,247$112,420,659
90$159,436,693$9,163,832$2,076,952$123,556,550
91$175,502,423$9,416,047$1,949,718$135,819,487
92$193,200,658$9,674,422$1,812,022$149,324,213
93$212,697,719$9,939,062$1,663,318$164,197,168
94$234,176,883$10,210,072$1,503,036$180,577,686
95$257,840,118$10,487,559$1,330,580$198,619,306
96$283,909,984$10,771,624$1,145,329$218,491,228
97$312,631,738$11,062,368$946,633$240,379,900
98$344,275,642$11,359,892$733,812$264,490,788
99$379,139,523$11,664,291$506,160$291,050,308
100$417,551,573$11,975,661$262,935$320,307,966