Can I retire at age 45 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$203,145$201,335$199,570$197,846$196,164$189,279
2 years$100,567$98,694$96,878$95,118$93,411$86,547
3 years$66,378$64,497$62,687$60,943$59,264$52,636
4 years$49,288$47,412$45,620$43,906$42,268$35,927
5 years$39,036$37,172$35,403$33,724$32,131$26,094
6 years$32,204$30,354$28,611$26,970$25,424$19,696
7 years$27,325$25,491$23,776$22,173$20,677$15,256
8 years$23,668$21,850$20,164$18,600$17,153$12,035
9 years$20,825$19,025$17,367$15,843$14,446$9,624
10 years$18,552$16,769$15,141$13,657$12,308$7,774
11 years$16,694$14,929$13,330$11,886$10,586$6,331
12 years$15,146$13,399$11,830$10,426$9,173$5,187
13 years$13,838$12,109$10,569$9,204$7,999$4,271
14 years$12,717$11,007$9,496$8,170$7,012$3,531
15 years$11,747$10,055$8,574$7,287$6,174$2,929
16 years$10,899$9,225$7,774$6,524$5,457$2,436
17 years$10,151$8,496$7,074$5,862$4,838$2,030
18 years$9,487$7,851$6,457$5,283$4,302$1,695
19 years$8,894$7,276$5,911$4,774$3,834$1,417
20 years$8,361$6,761$5,425$4,323$3,425$1,186
21 years$7,879$6,298$4,990$3,924$3,065$994
22 years$7,441$5,879$4,599$3,568$2,747$834
23 years$7,043$5,498$4,247$3,249$2,466$700
24 years$6,678$5,152$3,927$2,963$2,217$588
25 years$6,342$4,834$3,637$2,706$1,995$494
26 years$6,033$4,544$3,374$2,474$1,797$415
27 years$5,748$4,276$3,133$2,265$1,620$349
28 years$5,483$4,029$2,912$2,075$1,462$294
29 years$5,237$3,801$2,710$1,903$1,320$247
30 years$5,007$3,590$2,524$1,746$1,193$208
31 years$4,793$3,394$2,353$1,604$1,078$175
32 years$4,593$3,211$2,196$1,474$975$147
33 years$4,405$3,041$2,050$1,356$883$124
34 years$4,229$2,882$1,916$1,247$799$104
35 years$4,063$2,734$1,791$1,148$724$88
36 years$3,907$2,595$1,675$1,057$656$74
37 years$3,760$2,464$1,568$974$594$62
38 years$3,620$2,342$1,468$898$539$53
39 years$3,488$2,227$1,376$828$489$44
40 years$3,363$2,119$1,290$764$443$37
41 years$3,245$2,017$1,209$705$402$31
42 years$3,132$1,921$1,134$650$365$26
43 years$3,025$1,830$1,064$600$331$22
44 years$2,923$1,744$999$554$301$19
45 years$2,826$1,664$938$512$273$16
46 years$2,733$1,587$881$473$248$13
47 years$2,645$1,514$828$437$225$11
48 years$2,560$1,446$778$404$204$9
49 years$2,479$1,381$731$373$186$8
50 years$2,402$1,319$687$345$169$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,460,000, adding $2,807 every year, while hoping to spend $52,446 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: 55/40/5 Blend
44$2,460,000$2,460,000$2,460,000$2,460,000
45$2,713,815$2,583,435$2,545,305$2,860,158
46$2,934,822$2,654,222$2,574,771$3,029,876
47$3,176,614$2,726,719$2,603,466$3,208,465
48$3,441,256$2,800,955$2,631,309$3,401,593
49$3,731,021$2,876,958$2,658,215$3,610,645
50$4,048,413$2,954,757$2,684,092$3,837,147
51$4,396,188$3,034,377$2,708,847$4,082,776
52$4,777,384$3,115,847$2,732,378$4,349,379
53$5,195,345$3,199,191$2,754,581$4,638,987
54$5,653,754$3,284,435$2,775,343$4,953,839
55$6,156,668$3,371,604$2,794,548$5,296,398
56$6,708,556$3,460,719$2,812,073$5,669,375
57$7,314,339$3,551,805$2,827,787$6,075,757
58$7,979,439$3,644,881$2,841,556$6,518,832
59$8,709,830$3,739,968$2,853,236$7,002,221
60$9,512,089$3,837,084$2,862,676$7,529,912
61$10,393,466$3,936,244$2,869,719$8,106,296
62$11,361,944$4,037,465$2,874,200$8,736,211
63$12,426,320$4,140,758$2,875,943$9,424,984
64$13,596,283$4,246,134$2,874,766$10,178,484
65$14,882,512$4,353,602$2,870,478$11,003,177
66$16,296,767$4,463,167$2,862,878$11,906,183
67$17,852,007$4,574,833$2,851,754$12,895,347
68$19,562,510$4,688,598$2,836,887$13,979,312
69$21,444,008$4,804,461$2,818,044$15,167,599
70$23,513,830$4,922,413$2,794,982$16,470,697
71$25,791,075$5,042,445$2,767,448$17,900,164
72$28,296,781$5,164,542$2,735,174$19,468,732
73$31,054,133$5,288,685$2,697,883$21,190,430
74$34,088,674$5,414,849$2,655,281$23,080,717
75$37,428,549$5,543,007$2,607,063$25,156,623
76$41,104,770$5,673,124$2,552,909$27,436,913
77$45,151,509$5,805,159$2,492,483$29,942,266
78$49,606,418$5,939,067$2,425,437$32,695,465
79$54,510,985$6,074,794$2,351,402$35,721,616
80$59,910,927$6,212,280$2,269,995$39,048,382
81$65,856,618$6,351,458$2,180,815$42,706,245
82$72,403,564$6,492,250$2,083,444$46,728,797
83$79,612,930$6,634,573$1,977,442$51,153,050
84$87,552,114$6,778,332$1,862,351$56,019,792
85$96,295,382$6,923,423$1,737,693$61,373,968
86$105,924,572$7,069,732$1,602,967$67,265,105
87$116,529,862$7,217,132$1,457,649$73,747,781
88$128,210,622$7,365,486$1,301,195$80,882,139
89$141,076,353$7,514,643$1,133,033$88,734,456
90$155,247,719$7,664,438$952,567$97,377,765
91$170,857,684$7,814,693$759,175$106,892,550
92$188,052,768$7,965,213$552,208$117,367,503
93$206,994,430$8,115,788$330,987$128,900,361
94$227,860,590$8,266,191$94,803$141,598,829
95$250,847,310$8,416,173$0$155,581,599
96$276,170,641$8,565,471$0$170,987,858
97$304,068,664$8,713,797$0$187,959,301
98$334,803,736$8,860,842$0$206,649,748
99$368,664,969$9,006,274$0$227,234,291
100$405,970,951$9,149,737$0$249,905,878