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%13%
1 years$201,493$199,698$197,947$196,238$194,569$192,138
2 years$99,749$97,891$96,091$94,345$92,652$90,205
3 years$65,839$63,973$62,177$60,448$58,782$56,397
4 years$48,887$47,027$45,249$43,549$41,924$39,618
5 years$38,719$36,870$35,115$33,450$31,870$29,650
6 years$31,942$30,107$28,378$26,750$25,218$23,086
7 years$27,103$25,284$23,582$21,993$20,509$18,467
8 years$23,476$21,673$20,000$18,449$17,014$15,061
9 years$20,656$18,870$17,226$15,715$14,328$12,464
10 years$18,402$16,633$15,018$13,546$12,208$10,431
11 years$16,558$14,807$13,221$11,789$10,500$8,808
12 years$15,023$13,290$11,734$10,341$9,099$7,491
13 years$13,725$12,011$10,483$9,129$7,934$6,408
14 years$12,614$10,917$9,419$8,104$6,955$5,508
15 years$11,651$9,973$8,504$7,227$6,124$4,754
16 years$10,810$9,150$7,710$6,471$5,412$4,117
17 years$10,069$8,427$7,016$5,814$4,799$3,575
18 years$9,410$7,787$6,405$5,240$4,267$3,113
19 years$8,822$7,217$5,863$4,735$3,803$2,716
20 years$8,293$6,706$5,381$4,288$3,397$2,374
21 years$7,815$6,247$4,950$3,892$3,040$2,078
22 years$7,381$5,831$4,562$3,539$2,725$1,821
23 years$6,985$5,454$4,212$3,223$2,446$1,598
24 years$6,623$5,110$3,895$2,939$2,199$1,404
25 years$6,291$4,795$3,608$2,684$1,978$1,235
26 years$5,984$4,507$3,346$2,454$1,782$1,086
27 years$5,701$4,241$3,107$2,247$1,607$957
28 years$5,438$3,997$2,889$2,058$1,450$843
29 years$5,194$3,770$2,688$1,888$1,309$743
30 years$4,967$3,561$2,504$1,732$1,183$655
31 years$4,754$3,366$2,334$1,591$1,069$578
32 years$4,556$3,185$2,178$1,462$967$510
33 years$4,370$3,016$2,033$1,345$875$451
34 years$4,195$2,859$1,900$1,237$793$398
35 years$4,030$2,711$1,776$1,139$718$351
36 years$3,875$2,573$1,662$1,049$650$311
37 years$3,729$2,444$1,555$966$590$274
38 years$3,591$2,323$1,457$891$534$243
39 years$3,460$2,209$1,365$821$485$214
40 years$3,336$2,102$1,279$758$440$190
41 years$3,218$2,000$1,199$699$399$168
42 years$3,106$1,905$1,125$645$362$148
43 years$3,000$1,815$1,056$595$328$131
44 years$2,899$1,730$991$550$298$116
45 years$2,803$1,650$930$508$271$103
46 years$2,711$1,574$874$469$246$91
47 years$2,623$1,502$821$433$223$80
48 years$2,539$1,434$772$400$203$71
49 years$2,459$1,369$725$370$184$63
50 years$2,382$1,308$682$342$167$56

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 $2,365 every year, while hoping to spend $23,125 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: 41/41/18 Blend
44$2,440,000$2,440,000$2,440,000$2,440,000
45$2,691,319$2,561,999$2,524,179$2,787,290
46$2,941,229$2,662,933$2,584,135$2,956,605
47$3,215,855$2,768,036$2,645,323$3,137,326
48$3,517,693$2,877,491$2,707,762$3,332,448
49$3,849,493$2,991,484$2,771,468$3,543,296
50$4,214,287$3,110,212$2,836,458$3,771,329
51$4,615,412$3,233,880$2,902,747$4,018,145
52$5,056,547$3,362,704$2,970,352$4,285,502
53$5,541,744$3,496,905$3,039,288$4,575,331
54$6,075,469$3,636,720$3,109,571$4,889,751
55$6,662,639$3,782,392$3,181,215$5,231,094
56$7,308,677$3,934,178$3,254,234$5,601,922
57$8,019,554$4,092,344$3,328,642$6,005,050
58$8,801,850$4,257,171$3,404,453$6,443,574
59$9,662,815$4,428,949$3,481,679$6,920,898
60$10,610,439$4,607,984$3,560,332$7,440,766
61$11,653,525$4,794,596$3,640,424$8,007,293
62$12,801,771$4,989,118$3,721,965$8,625,008
63$14,065,865$5,191,898$3,804,964$9,298,892
64$15,457,583$5,403,301$3,889,430$10,034,423
65$16,989,902$5,623,708$3,975,372$10,837,630
66$18,677,121$5,853,519$4,062,795$11,715,147
67$20,534,994$6,093,149$4,151,706$12,674,272
68$22,580,885$6,343,034$4,242,109$13,723,038
69$24,833,922$6,603,630$4,334,007$14,870,285
70$27,315,188$6,875,413$4,427,402$16,125,743
71$30,047,912$7,158,883$4,522,295$17,500,123
72$33,057,690$7,454,559$4,618,683$19,005,214
73$36,372,730$7,762,988$4,716,564$20,653,995
74$40,024,113$8,084,739$4,815,934$22,460,752
75$44,046,090$8,420,409$4,916,785$24,441,217
76$48,476,404$8,770,622$5,019,110$26,612,709
77$53,356,644$9,136,030$5,122,898$28,994,299
78$58,732,642$9,517,315$5,228,135$31,606,984
79$64,654,901$9,915,193$5,334,807$34,473,889
80$71,179,073$10,330,410$5,442,895$37,620,475
81$78,366,486$10,763,748$5,552,380$41,074,785
82$86,284,721$11,216,024$5,663,237$44,867,700
83$95,008,248$11,688,095$5,775,441$49,033,231
84$104,619,133$12,180,856$5,888,963$53,608,837
85$115,207,810$12,695,243$6,003,768$58,635,774
86$126,873,935$13,232,238$6,119,822$64,159,484
87$139,727,324$13,792,865$6,237,084$70,230,019
88$153,888,994$14,378,199$6,355,510$76,902,510
89$169,492,304$14,989,363$6,475,051$84,237,685
90$186,684,210$15,627,532$6,595,657$92,302,438
91$205,626,656$16,293,939$6,717,269$101,170,459
92$226,498,103$16,989,870$6,839,825$110,922,921
93$249,495,210$17,716,674$6,963,259$121,649,247
94$274,834,692$18,475,761$7,087,499$133,447,946
95$302,755,367$19,268,610$7,212,467$146,427,542
96$333,520,408$20,096,766$7,338,078$160,707,593
97$367,419,829$20,961,847$7,464,243$176,419,811
98$404,773,222$21,865,547$7,590,865$193,709,305
99$445,932,773$22,809,641$7,717,841$212,735,944
100$491,286,587$23,795,985$7,845,061$233,675,860