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%13.1%
1 years$203,145$201,335$199,570$197,846$196,164$193,632
2 years$100,567$98,694$96,878$95,118$93,411$90,865
3 years$66,378$64,497$62,687$60,943$59,264$56,781
4 years$49,288$47,412$45,620$43,906$42,268$39,868
5 years$39,036$37,172$35,403$33,724$32,131$29,821
6 years$32,204$30,354$28,611$26,970$25,424$23,207
7 years$27,325$25,491$23,776$22,173$20,677$18,553
8 years$23,668$21,850$20,164$18,600$17,153$15,123
9 years$20,825$19,025$17,367$15,843$14,446$12,507
10 years$18,552$16,769$15,141$13,657$12,308$10,461
11 years$16,694$14,929$13,330$11,886$10,586$8,828
12 years$15,146$13,399$11,830$10,426$9,173$7,503
13 years$13,838$12,109$10,569$9,204$7,999$6,414
14 years$12,717$11,007$9,496$8,170$7,012$5,510
15 years$11,747$10,055$8,574$7,287$6,174$4,752
16 years$10,899$9,225$7,774$6,524$5,457$4,112
17 years$10,151$8,496$7,074$5,862$4,838$3,569
18 years$9,487$7,851$6,457$5,283$4,302$3,105
19 years$8,894$7,276$5,911$4,774$3,834$2,707
20 years$8,361$6,761$5,425$4,323$3,425$2,364
21 years$7,879$6,298$4,990$3,924$3,065$2,068
22 years$7,441$5,879$4,599$3,568$2,747$1,811
23 years$7,043$5,498$4,247$3,249$2,466$1,589
24 years$6,678$5,152$3,927$2,963$2,217$1,394
25 years$6,342$4,834$3,637$2,706$1,995$1,225
26 years$6,033$4,544$3,374$2,474$1,797$1,077
27 years$5,748$4,276$3,133$2,265$1,620$948
28 years$5,483$4,029$2,912$2,075$1,462$834
29 years$5,237$3,801$2,710$1,903$1,320$735
30 years$5,007$3,590$2,524$1,746$1,193$648
31 years$4,793$3,394$2,353$1,604$1,078$571
32 years$4,593$3,211$2,196$1,474$975$503
33 years$4,405$3,041$2,050$1,356$883$444
34 years$4,229$2,882$1,916$1,247$799$392
35 years$4,063$2,734$1,791$1,148$724$346
36 years$3,907$2,595$1,675$1,057$656$305
37 years$3,760$2,464$1,568$974$594$270
38 years$3,620$2,342$1,468$898$539$238
39 years$3,488$2,227$1,376$828$489$210
40 years$3,363$2,119$1,290$764$443$186
41 years$3,245$2,017$1,209$705$402$164
42 years$3,132$1,921$1,134$650$365$145
43 years$3,025$1,830$1,064$600$331$128
44 years$2,923$1,744$999$554$301$113
45 years$2,826$1,664$938$512$273$100
46 years$2,733$1,587$881$473$248$88
47 years$2,645$1,514$828$437$225$78
48 years$2,560$1,446$778$404$204$69
49 years$2,479$1,381$731$373$186$61
50 years$2,402$1,319$687$345$169$54

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 $2,027 every year, while hoping to spend $55,437 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: 43/47/10 Blend
44$2,460,000$2,460,000$2,460,000$2,460,000
45$2,713,011$2,582,631$2,544,501$2,821,729
46$2,930,753$2,650,195$2,570,757$2,965,223
47$3,168,848$2,719,212$2,596,035$3,114,817
48$3,429,311$2,789,695$2,620,243$3,275,627
49$3,714,365$2,861,654$2,643,285$3,448,701
50$4,026,455$2,935,099$2,665,060$3,635,192
51$4,368,275$3,010,041$2,685,461$3,836,371
52$4,742,790$3,086,484$2,704,376$4,053,636
53$5,153,269$3,164,436$2,721,686$4,288,524
54$5,603,307$3,243,898$2,737,267$4,542,729
55$6,096,869$3,324,873$2,750,990$4,818,116
56$6,638,317$3,407,360$2,762,716$5,116,740
57$7,232,459$3,491,355$2,772,301$5,440,860
58$7,884,591$3,576,852$2,779,594$5,792,969
59$8,600,544$3,663,842$2,784,435$6,175,810
60$9,386,744$3,752,315$2,786,658$6,592,403
61$10,250,267$3,842,254$2,786,087$7,046,078
62$11,198,912$3,933,642$2,782,538$7,540,500
63$12,241,267$4,026,456$2,775,818$8,079,710
64$13,386,794$4,120,670$2,765,726$8,668,158
65$14,645,917$4,216,253$2,752,048$9,310,746
66$16,030,122$4,313,171$2,734,563$10,012,877
67$17,552,060$4,411,382$2,713,037$10,780,502
68$19,225,673$4,510,843$2,687,227$11,620,180
69$21,066,318$4,611,501$2,656,875$12,539,137
70$23,090,918$4,713,299$2,621,716$13,545,336
71$25,318,115$4,816,174$2,581,467$14,647,551
72$27,768,452$4,920,056$2,535,835$15,855,452
73$30,464,562$5,024,867$2,484,513$17,179,693
74$33,431,382$5,130,520$2,427,180$18,632,017
75$36,696,391$5,236,923$2,363,497$20,225,364
76$40,289,862$5,343,972$2,293,115$21,973,991
77$44,245,157$5,451,556$2,215,663$23,893,616
78$48,599,033$5,559,552$2,130,757$26,001,555
79$53,391,991$5,667,827$2,037,994$28,316,894
80$58,668,660$5,776,236$1,936,953$30,860,666
81$64,478,217$5,884,625$1,827,194$33,656,052
82$70,874,846$5,992,823$1,708,257$36,728,598
83$77,918,258$6,100,648$1,579,660$40,106,458
84$85,674,243$6,207,903$1,440,902$43,820,660
85$94,215,302$6,314,376$1,291,458$47,905,400
86$103,621,320$6,419,838$1,130,780$52,398,363
87$113,980,328$6,524,044$958,294$57,341,084
88$125,389,329$6,626,729$773,404$62,779,336
89$137,955,212$6,727,610$575,485$68,763,568
90$151,795,764$6,826,384$363,884$75,349,377
91$167,040,781$6,922,725$137,923$82,598,038
92$183,833,287$7,016,286$0$90,577,079
93$202,330,890$7,106,692$0$99,371,938
94$222,707,268$7,193,547$0$109,070,046
95$245,153,803$7,276,424$0$119,747,149
96$269,881,391$7,354,869$0$131,502,959
97$297,122,434$7,428,398$0$144,447,362
98$327,133,027$7,496,494$0$158,701,456
99$360,195,379$7,558,607$0$174,398,696
100$396,620,477$7,614,148$0$191,686,159