Can I retire at age 45 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$201,493$199,698$197,947$196,238$194,569$192,858
2 years$99,749$97,891$96,091$94,345$92,652$90,928
3 years$65,839$63,973$62,177$60,448$58,782$57,099
4 years$48,887$47,027$45,249$43,549$41,924$40,294
5 years$38,719$36,870$35,115$33,450$31,870$30,298
6 years$31,942$30,107$28,378$26,750$25,218$23,705
7 years$27,103$25,284$23,582$21,993$20,509$19,057
8 years$23,476$21,673$20,000$18,449$17,014$15,623
9 years$20,656$18,870$17,226$15,715$14,328$12,997
10 years$18,402$16,633$15,018$13,546$12,208$10,937
11 years$16,558$14,807$13,221$11,789$10,500$9,287
12 years$15,023$13,290$11,734$10,341$9,099$7,943
13 years$13,725$12,011$10,483$9,129$7,934$6,835
14 years$12,614$10,917$9,419$8,104$6,955$5,910
15 years$11,651$9,973$8,504$7,227$6,124$5,132
16 years$10,810$9,150$7,710$6,471$5,412$4,472
17 years$10,069$8,427$7,016$5,814$4,799$3,908
18 years$9,410$7,787$6,405$5,240$4,267$3,424
19 years$8,822$7,217$5,863$4,735$3,803$3,007
20 years$8,293$6,706$5,381$4,288$3,397$2,646
21 years$7,815$6,247$4,950$3,892$3,040$2,332
22 years$7,381$5,831$4,562$3,539$2,725$2,058
23 years$6,985$5,454$4,212$3,223$2,446$1,818
24 years$6,623$5,110$3,895$2,939$2,199$1,609
25 years$6,291$4,795$3,608$2,684$1,978$1,424
26 years$5,984$4,507$3,346$2,454$1,782$1,262
27 years$5,701$4,241$3,107$2,247$1,607$1,119
28 years$5,438$3,997$2,889$2,058$1,450$994
29 years$5,194$3,770$2,688$1,888$1,309$882
30 years$4,967$3,561$2,504$1,732$1,183$784
31 years$4,754$3,366$2,334$1,591$1,069$697
32 years$4,556$3,185$2,178$1,462$967$619
33 years$4,370$3,016$2,033$1,345$875$551
34 years$4,195$2,859$1,900$1,237$793$490
35 years$4,030$2,711$1,776$1,139$718$436
36 years$3,875$2,573$1,662$1,049$650$389
37 years$3,729$2,444$1,555$966$590$346
38 years$3,591$2,323$1,457$891$534$308
39 years$3,460$2,209$1,365$821$485$274
40 years$3,336$2,102$1,279$758$440$245
41 years$3,218$2,000$1,199$699$399$218
42 years$3,106$1,905$1,125$645$362$194
43 years$3,000$1,815$1,056$595$328$173
44 years$2,899$1,730$991$550$298$154
45 years$2,803$1,650$930$508$271$138
46 years$2,711$1,574$874$469$246$123
47 years$2,623$1,502$821$433$223$109
48 years$2,539$1,434$772$400$203$97
49 years$2,459$1,369$725$370$184$87
50 years$2,382$1,308$682$342$167$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,440,000, adding $5,354 every year, while hoping to spend $41,366 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: 42/34/24 Blend
44$2,440,000$2,440,000$2,440,000$2,440,000
45$2,694,403$2,565,083$2,527,263$2,788,429
46$2,925,219$2,646,759$2,567,913$2,937,819
47$3,178,191$2,731,050$2,608,538$3,095,139
48$3,455,537$2,818,042$2,649,095$3,264,688
49$3,759,697$2,907,821$2,689,535$3,447,617
50$4,093,360$3,000,478$2,729,808$3,645,188
51$4,459,487$3,096,106$2,769,861$3,858,794
52$4,861,340$3,194,800$2,809,636$4,089,963
53$5,302,512$3,296,661$2,849,074$4,340,379
54$5,786,961$3,401,790$2,888,111$4,611,896
55$6,319,046$3,510,293$2,926,678$4,906,552
56$6,903,572$3,622,281$2,964,705$5,226,591
57$7,545,829$3,737,865$3,002,115$5,574,484
58$8,251,646$3,857,163$3,038,828$5,952,951
59$9,027,445$3,980,294$3,074,760$6,364,986
60$9,880,300$4,107,385$3,109,820$6,813,887
61$10,818,006$4,238,562$3,143,915$7,303,282
62$11,849,151$4,373,960$3,176,944$7,837,169
63$12,983,195$4,513,715$3,208,803$8,419,952
64$14,230,563$4,657,969$3,239,380$9,056,476
65$15,602,740$4,806,868$3,268,558$9,752,082
66$17,112,379$4,960,565$3,296,214$10,512,649
67$18,773,423$5,119,214$3,322,219$11,344,655
68$20,601,235$5,282,979$3,346,436$12,255,234
69$22,612,741$5,452,024$3,368,722$13,252,244
70$24,826,591$5,626,524$3,388,924$14,344,342
71$27,263,335$5,806,655$3,406,885$15,541,062
72$29,945,617$5,992,603$3,422,437$16,852,911
73$32,898,386$6,184,557$3,435,405$18,291,459
74$36,149,135$6,382,713$3,445,605$19,869,456
75$39,728,156$6,587,276$3,452,842$21,600,948
76$43,668,829$6,798,454$3,456,913$23,501,408
77$48,007,936$7,016,464$3,457,606$25,587,884
78$52,786,005$7,241,530$3,454,696$27,879,161
79$58,047,697$7,473,885$3,447,948$30,395,933
80$63,842,224$7,713,767$3,437,115$33,161,002
81$70,223,813$7,961,423$3,421,940$36,199,490
82$77,252,218$8,217,110$3,402,152$39,539,080
83$84,993,287$8,481,091$3,377,467$43,210,270
84$93,519,577$8,753,639$3,347,587$47,246,669
85$102,911,043$9,035,036$3,312,200$51,685,306
86$113,255,792$9,325,575$3,270,981$56,566,983
87$124,650,911$9,625,557$3,223,588$61,936,659
88$137,203,388$9,935,293$3,169,662$67,843,877
89$151,031,117$10,255,107$3,108,829$74,343,223
90$166,264,014$10,585,329$3,040,697$81,494,850
91$183,045,239$10,926,306$2,964,857$89,365,040
92$201,532,552$11,278,394$2,880,878$98,026,831
93$221,899,796$11,641,959$2,788,311$107,560,706
94$244,338,544$12,017,383$2,686,688$118,055,350
95$269,059,900$12,405,060$2,575,517$129,608,492
96$296,296,498$12,805,396$2,454,284$142,327,820
97$326,304,692$13,218,811$2,322,454$156,332,003
98$359,366,979$13,645,742$2,179,465$171,751,810
99$395,794,665$14,086,637$2,024,731$188,731,339
100$435,930,800$14,541,962$1,857,639$207,429,383