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%13.8%
1 years$203,145$201,335$199,570$197,846$196,164$193,073
2 years$100,567$98,694$96,878$95,118$93,411$90,305
3 years$66,378$64,497$62,687$60,943$59,264$56,240
4 years$49,288$47,412$45,620$43,906$42,268$39,348
5 years$39,036$37,172$35,403$33,724$32,131$29,325
6 years$32,204$30,354$28,611$26,970$25,424$22,734
7 years$27,325$25,491$23,776$22,173$20,677$18,104
8 years$23,668$21,850$20,164$18,600$17,153$14,698
9 years$20,825$19,025$17,367$15,843$14,446$12,106
10 years$18,552$16,769$15,141$13,657$12,308$10,082
11 years$16,694$14,929$13,330$11,886$10,586$8,471
12 years$15,146$13,399$11,830$10,426$9,173$7,167
13 years$13,838$12,109$10,569$9,204$7,999$6,099
14 years$12,717$11,007$9,496$8,170$7,012$5,215
15 years$11,747$10,055$8,574$7,287$6,174$4,476
16 years$10,899$9,225$7,774$6,524$5,457$3,855
17 years$10,151$8,496$7,074$5,862$4,838$3,329
18 years$9,487$7,851$6,457$5,283$4,302$2,882
19 years$8,894$7,276$5,911$4,774$3,834$2,499
20 years$8,361$6,761$5,425$4,323$3,425$2,172
21 years$7,879$6,298$4,990$3,924$3,065$1,890
22 years$7,441$5,879$4,599$3,568$2,747$1,646
23 years$7,043$5,498$4,247$3,249$2,466$1,436
24 years$6,678$5,152$3,927$2,963$2,217$1,254
25 years$6,342$4,834$3,637$2,706$1,995$1,095
26 years$6,033$4,544$3,374$2,474$1,797$958
27 years$5,748$4,276$3,133$2,265$1,620$838
28 years$5,483$4,029$2,912$2,075$1,462$734
29 years$5,237$3,801$2,710$1,903$1,320$642
30 years$5,007$3,590$2,524$1,746$1,193$563
31 years$4,793$3,394$2,353$1,604$1,078$493
32 years$4,593$3,211$2,196$1,474$975$433
33 years$4,405$3,041$2,050$1,356$883$379
34 years$4,229$2,882$1,916$1,247$799$333
35 years$4,063$2,734$1,791$1,148$724$292
36 years$3,907$2,595$1,675$1,057$656$256
37 years$3,760$2,464$1,568$974$594$225
38 years$3,620$2,342$1,468$898$539$197
39 years$3,488$2,227$1,376$828$489$173
40 years$3,363$2,119$1,290$764$443$152
41 years$3,245$2,017$1,209$705$402$134
42 years$3,132$1,921$1,134$650$365$117
43 years$3,025$1,830$1,064$600$331$103
44 years$2,923$1,744$999$554$301$91
45 years$2,826$1,664$938$512$273$80
46 years$2,733$1,587$881$473$248$70
47 years$2,645$1,514$828$437$225$61
48 years$2,560$1,446$778$404$204$54
49 years$2,479$1,381$731$373$186$47
50 years$2,402$1,319$687$345$169$42

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 $5,522 every year, while hoping to spend $26,540 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: 40/30/30 Blend
44$2,460,000$2,460,000$2,460,000$2,460,000
45$2,716,616$2,586,236$2,548,106$2,801,040
46$2,965,472$2,684,723$2,605,229$2,961,665
47$3,238,823$2,787,147$2,663,376$3,132,477
48$3,539,137$2,893,672$2,722,554$3,316,788
49$3,869,137$3,004,470$2,782,768$3,515,851
50$4,231,821$3,119,721$2,844,023$3,731,048
51$4,630,492$3,239,612$2,906,322$3,963,894
52$5,068,789$3,364,339$2,969,670$4,216,055
53$5,550,720$3,494,106$3,034,069$4,489,366
54$6,080,703$3,629,127$3,099,520$4,785,839
55$6,663,604$3,769,624$3,166,024$5,107,690
56$7,304,785$3,915,829$3,233,579$5,457,356
57$8,010,154$4,067,986$3,302,185$5,837,517
58$8,786,220$4,226,347$3,371,837$6,251,121
59$9,640,153$4,391,177$3,442,533$6,701,410
60$10,579,857$4,562,752$3,514,266$7,191,954
61$11,614,037$4,741,362$3,587,028$7,726,679
62$12,752,287$4,927,307$3,660,812$8,309,906
63$14,005,177$5,120,902$3,735,606$8,946,391
64$15,384,355$5,322,476$3,811,399$9,641,366
65$16,902,655$5,532,373$3,888,177$10,400,594
66$18,574,218$5,750,952$3,965,923$11,230,416
67$20,414,627$5,978,587$4,044,620$12,137,813
68$22,441,051$6,215,669$4,124,246$13,130,471
69$24,672,410$6,462,609$4,204,781$14,216,851
70$27,129,553$6,719,834$4,286,198$15,406,271
71$29,835,452$6,987,791$4,368,470$16,708,988
72$32,815,421$7,266,946$4,451,567$18,136,299
73$36,097,355$7,557,787$4,535,455$19,700,644
74$39,711,990$7,860,824$4,620,099$21,415,719
75$43,693,199$8,176,590$4,705,458$23,296,613
76$48,078,305$8,505,643$4,791,491$25,359,938
77$52,908,436$8,848,563$4,878,149$27,623,993
78$58,228,914$9,205,960$4,965,385$30,108,933
79$64,089,682$9,578,470$5,053,143$32,836,954
80$70,545,772$9,966,758$5,141,366$35,832,509
81$77,657,829$10,371,518$5,229,991$39,122,527
82$85,492,684$10,793,478$5,318,951$42,736,677
83$94,123,976$11,233,397$5,408,175$46,707,635
84$103,632,858$11,692,070$5,497,585$51,071,400
85$114,108,755$12,170,327$5,587,100$55,867,626
86$125,650,213$12,669,038$5,676,632$61,140,000
87$138,365,823$13,189,109$5,766,088$66,936,645
88$152,375,254$13,731,492$5,855,368$73,310,579
89$167,810,373$14,297,179$5,944,367$80,320,210
90$184,816,500$14,887,209$6,032,972$88,029,886
91$203,553,770$15,502,670$6,121,064$96,510,501
92$224,198,650$16,144,696$6,208,515$105,840,160
93$246,945,603$16,814,477$6,295,191$116,104,914
94$272,008,924$17,513,256$6,380,950$127,399,571
95$299,624,763$18,242,334$6,465,639$139,828,590
96$330,053,351$19,003,070$6,549,101$153,507,059
97$363,581,461$19,796,889$6,631,164$168,561,784
98$400,525,113$20,625,279$6,711,651$185,132,478
99$441,232,555$21,489,798$6,790,371$203,373,082
100$486,087,553$22,392,076$6,867,126$223,453,212