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

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$203,145$201,335$199,570$197,846$196,164$192,046
2 years$100,567$98,694$96,878$95,118$93,411$89,282
3 years$66,378$64,497$62,687$60,943$59,264$55,252
4 years$49,288$47,412$45,620$43,906$42,268$38,404
5 years$39,036$37,172$35,403$33,724$32,131$28,427
6 years$32,204$30,354$28,611$26,970$25,424$21,883
7 years$27,325$25,491$23,776$22,173$20,677$17,300
8 years$23,668$21,850$20,164$18,600$17,153$13,939
9 years$20,825$19,025$17,367$15,843$14,446$11,392
10 years$18,552$16,769$15,141$13,657$12,308$9,413
11 years$16,694$14,929$13,330$11,886$10,586$7,844
12 years$15,146$13,399$11,830$10,426$9,173$6,581
13 years$13,838$12,109$10,569$9,204$7,999$5,552
14 years$12,717$11,007$9,496$8,170$7,012$4,706
15 years$11,747$10,055$8,574$7,287$6,174$4,003
16 years$10,899$9,225$7,774$6,524$5,457$3,416
17 years$10,151$8,496$7,074$5,862$4,838$2,923
18 years$9,487$7,851$6,457$5,283$4,302$2,506
19 years$8,894$7,276$5,911$4,774$3,834$2,153
20 years$8,361$6,761$5,425$4,323$3,425$1,853
21 years$7,879$6,298$4,990$3,924$3,065$1,596
22 years$7,441$5,879$4,599$3,568$2,747$1,377
23 years$7,043$5,498$4,247$3,249$2,466$1,189
24 years$6,678$5,152$3,927$2,963$2,217$1,027
25 years$6,342$4,834$3,637$2,706$1,995$888
26 years$6,033$4,544$3,374$2,474$1,797$769
27 years$5,748$4,276$3,133$2,265$1,620$666
28 years$5,483$4,029$2,912$2,075$1,462$577
29 years$5,237$3,801$2,710$1,903$1,320$500
30 years$5,007$3,590$2,524$1,746$1,193$433
31 years$4,793$3,394$2,353$1,604$1,078$376
32 years$4,593$3,211$2,196$1,474$975$326
33 years$4,405$3,041$2,050$1,356$883$283
34 years$4,229$2,882$1,916$1,247$799$245
35 years$4,063$2,734$1,791$1,148$724$213
36 years$3,907$2,595$1,675$1,057$656$185
37 years$3,760$2,464$1,568$974$594$160
38 years$3,620$2,342$1,468$898$539$139
39 years$3,488$2,227$1,376$828$489$121
40 years$3,363$2,119$1,290$764$443$105
41 years$3,245$2,017$1,209$705$402$91
42 years$3,132$1,921$1,134$650$365$79
43 years$3,025$1,830$1,064$600$331$69
44 years$2,923$1,744$999$554$301$60
45 years$2,826$1,664$938$512$273$52
46 years$2,733$1,587$881$473$248$45
47 years$2,645$1,514$828$437$225$39
48 years$2,560$1,446$778$404$204$34
49 years$2,479$1,381$731$373$186$30
50 years$2,402$1,319$687$345$169$26

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 $3,556 every year, while hoping to spend $38,094 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: 55/23/22 Blend
44$2,460,000$2,460,000$2,460,000$2,460,000
45$2,714,588$2,584,208$2,546,078$2,847,431
46$2,950,944$2,670,302$2,590,840$3,024,940
47$3,210,132$2,759,339$2,635,825$3,213,839
48$3,494,440$2,851,421$2,680,999$3,418,745
49$3,806,389$2,946,657$2,726,329$3,641,202
50$4,148,756$3,045,158$2,771,776$3,882,914
51$4,524,598$3,147,040$2,817,300$4,145,752
52$4,937,286$3,252,424$2,862,858$4,431,778
53$5,390,530$3,361,433$2,908,404$4,743,261
54$5,888,418$3,474,198$2,953,890$5,082,698
55$6,435,455$3,590,851$2,999,264$5,452,841
56$7,036,602$3,711,533$3,044,469$5,856,718
57$7,697,324$3,836,388$3,089,448$6,297,662
58$8,423,645$3,965,564$3,134,138$6,779,347
59$9,222,198$4,099,218$3,178,473$7,305,815
60$10,100,292$4,237,510$3,222,382$7,881,520
61$11,065,981$4,380,607$3,265,791$8,511,367
62$12,128,137$4,528,683$3,308,621$9,200,756
63$13,296,537$4,681,918$3,350,789$9,955,639
64$14,581,949$4,840,498$3,392,207$10,782,567
65$15,996,243$5,004,617$3,432,781$11,688,759
66$17,552,493$5,174,477$3,472,412$12,682,167
67$19,265,107$5,350,285$3,510,997$13,771,550
68$21,149,958$5,532,260$3,548,426$14,966,557
69$23,224,538$5,720,625$3,584,583$16,277,816
70$25,508,120$5,915,614$3,619,345$17,717,039
71$28,021,939$6,117,471$3,652,584$19,297,125
72$30,789,396$6,326,446$3,684,165$21,032,288
73$33,836,274$6,542,801$3,713,944$22,938,185
74$37,190,984$6,766,808$3,741,770$25,032,068
75$40,884,831$6,998,748$3,767,487$27,332,944
76$44,952,312$7,238,916$3,790,926$29,861,754
77$49,431,440$7,487,614$3,811,914$32,641,570
78$54,364,099$7,745,159$3,830,265$35,697,815
79$59,796,444$8,011,880$3,845,786$39,058,498
80$65,779,336$8,288,116$3,858,275$42,754,481
81$72,368,818$8,574,224$3,867,517$46,819,771
82$79,626,647$8,870,570$3,873,288$51,291,835
83$87,620,875$9,177,538$3,875,353$56,211,960
84$96,426,493$9,495,526$3,873,466$61,625,637
85$106,126,134$9,824,945$3,867,366$67,582,991
86$116,810,859$10,166,227$3,856,782$74,139,257
87$128,581,011$10,519,817$3,841,429$81,355,297
88$141,547,166$10,886,179$3,821,008$89,298,172
89$155,831,171$11,265,796$3,795,206$98,041,783
90$171,567,300$11,659,170$3,763,695$107,667,557
91$188,903,516$12,066,821$3,726,131$118,265,225
92$208,002,872$12,489,293$3,682,154$129,933,660
93$229,045,045$12,927,148$3,631,386$142,781,817
94$252,228,035$13,380,973$3,573,432$156,929,754
95$277,770,032$13,851,379$3,507,880$172,509,772
96$305,911,477$14,338,998$3,434,295$189,667,655
97$336,917,330$14,844,491$3,352,226$208,564,052
98$371,079,570$15,368,544$3,261,199$229,375,992
99$408,719,955$15,911,871$3,160,717$252,298,549
100$450,193,052$16,475,214$3,050,263$277,546,691