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%15.2%
1 years$199,841$198,061$196,325$194,629$192,974$188,846
2 years$98,931$97,089$95,303$93,572$91,892$87,754
3 years$65,299$63,449$61,667$59,952$58,300$54,280
4 years$48,486$46,641$44,878$43,192$41,580$37,709
5 years$38,401$36,567$34,827$33,176$31,609$27,898
6 years$31,680$29,860$28,146$26,531$25,011$21,465
7 years$26,881$25,076$23,389$21,813$20,341$16,959
8 years$23,283$21,495$19,836$18,298$16,874$13,657
9 years$20,487$18,715$17,085$15,586$14,211$11,155
10 years$18,251$16,497$14,895$13,435$12,108$9,211
11 years$16,423$14,686$13,113$11,693$10,413$7,671
12 years$14,900$13,181$11,638$10,256$9,024$6,432
13 years$13,613$11,912$10,397$9,055$7,869$5,423
14 years$12,510$10,828$9,342$8,038$6,898$4,593
15 years$11,556$9,891$8,435$7,168$6,074$3,904
16 years$10,722$9,075$7,647$6,418$5,368$3,329
17 years$9,986$8,358$6,959$5,767$4,760$2,847
18 years$9,333$7,723$6,352$5,197$4,232$2,439
19 years$8,749$7,158$5,815$4,696$3,772$2,094
20 years$8,225$6,651$5,337$4,253$3,369$1,800
21 years$7,751$6,195$4,909$3,860$3,015$1,550
22 years$7,320$5,783$4,524$3,510$2,703$1,336
23 years$6,928$5,409$4,177$3,196$2,426$1,153
24 years$6,569$5,068$3,863$2,915$2,181$995
25 years$6,239$4,756$3,578$2,662$1,962$860
26 years$5,935$4,470$3,319$2,434$1,767$744
27 years$5,654$4,207$3,082$2,228$1,594$643
28 years$5,394$3,964$2,865$2,041$1,438$557
29 years$5,152$3,739$2,666$1,872$1,298$482
30 years$4,926$3,531$2,483$1,718$1,173$417
31 years$4,716$3,338$2,315$1,578$1,061$362
32 years$4,519$3,159$2,160$1,450$959$313
33 years$4,334$2,991$2,017$1,334$868$272
34 years$4,160$2,835$1,884$1,227$786$236
35 years$3,997$2,689$1,762$1,129$712$204
36 years$3,844$2,552$1,648$1,040$645$177
37 years$3,698$2,424$1,543$958$585$154
38 years$3,561$2,304$1,445$883$530$133
39 years$3,432$2,191$1,353$815$481$116
40 years$3,309$2,084$1,269$751$436$100
41 years$3,192$1,984$1,190$693$396$87
42 years$3,081$1,890$1,116$640$359$76
43 years$2,976$1,800$1,047$591$326$66
44 years$2,875$1,716$983$545$296$57
45 years$2,780$1,636$923$504$268$49
46 years$2,689$1,561$867$465$244$43
47 years$2,602$1,490$814$430$221$37
48 years$2,518$1,422$765$397$201$32
49 years$2,439$1,358$719$367$183$28
50 years$2,363$1,297$676$339$166$24

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 $2,184 every year, while hoping to spend $20,265 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: 65/30/5 Blend
44$2,420,000$2,420,000$2,420,000$2,420,000
45$2,669,093$2,540,833$2,503,323$2,840,644
46$2,919,778$2,643,772$2,565,622$3,057,793
47$3,195,355$2,751,076$2,629,330$3,292,306
48$3,498,339$2,862,937$2,694,471$3,547,960
49$3,831,506$2,979,556$2,761,071$3,826,809
50$4,197,910$3,101,145$2,829,157$4,131,108
51$4,600,918$3,227,922$2,898,756$4,463,340
52$5,044,240$3,360,119$2,969,892$4,826,235
53$5,531,963$3,497,975$3,042,594$5,222,798
54$6,068,589$3,641,742$3,116,887$5,656,336
55$6,659,081$3,791,683$3,192,798$6,130,487
56$7,308,905$3,948,074$3,270,355$6,649,254
57$8,024,085$4,111,201$3,349,584$7,217,044
58$8,811,258$4,281,366$3,430,511$7,838,709
59$9,677,738$4,458,884$3,513,165$8,519,585
60$10,631,582$4,644,084$3,597,570$9,265,552
61$11,681,669$4,837,311$3,683,755$10,083,078
62$12,837,784$5,038,923$3,771,745$10,979,287
63$14,110,707$5,249,300$3,861,568$11,962,021
64$15,512,317$5,468,833$3,953,248$13,039,914
65$17,055,705$5,697,938$4,046,813$14,222,475
66$18,755,294$5,937,043$4,142,288$15,520,172
67$20,626,977$6,186,602$4,239,699$16,944,533
68$22,688,270$6,447,087$4,339,070$18,508,255
69$24,958,471$6,718,992$4,440,427$20,225,317
70$27,458,847$7,002,834$4,543,792$22,111,117
71$30,212,831$7,299,155$4,649,191$24,182,612
72$33,246,247$7,608,520$4,756,646$26,458,480
73$36,587,550$7,931,523$4,866,179$28,959,290
74$40,268,096$8,268,784$4,977,813$31,707,700
75$44,322,440$8,620,953$5,091,567$34,728,666
76$48,788,657$8,988,708$5,207,463$38,049,677
77$53,708,706$9,372,761$5,325,519$41,701,013
78$59,128,824$9,773,856$5,445,754$45,716,028
79$65,099,962$10,192,772$5,568,184$50,131,465
80$71,678,265$10,630,325$5,692,826$54,987,798
81$78,925,606$11,087,369$5,819,693$60,329,617
82$86,910,164$11,564,797$5,948,800$66,206,041
83$95,707,074$12,063,544$6,080,157$72,671,182
84$105,399,128$12,584,590$6,213,775$79,784,655
85$116,077,564$13,128,961$6,349,662$87,612,137
86$127,842,925$13,697,729$6,487,824$96,225,984
87$140,806,003$14,292,018$6,628,267$105,705,912
88$155,088,894$14,913,005$6,770,992$116,139,746
89$170,826,141$15,561,922$6,916,000$127,624,250
90$188,166,009$16,240,058$7,063,288$140,266,032
91$207,271,886$16,948,765$7,212,852$154,182,549
92$228,323,819$17,689,455$7,364,683$169,503,218
93$251,520,222$18,463,611$7,518,773$186,370,624
94$277,079,739$19,272,783$7,675,107$204,941,872
95$305,243,318$20,118,595$7,833,668$225,390,063
96$336,276,477$21,002,747$7,994,437$247,905,922
97$370,471,816$21,927,020$8,157,389$272,699,598
98$408,151,777$22,893,279$8,322,497$300,002,640
99$449,671,686$23,903,478$8,489,729$330,070,185
100$495,423,112$24,959,662$8,659,049$363,183,352