Can I retire at age 45 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$203,970$202,153$200,381$198,651$196,961$194,581
2 years$100,975$99,095$97,272$95,505$93,791$91,395
3 years$66,648$64,760$62,942$61,191$59,505$57,168
4 years$49,488$47,605$45,805$44,085$42,439$40,180
5 years$39,195$37,323$35,547$33,861$32,262$30,086
6 years$32,335$30,477$28,727$27,079$25,528$23,439
7 years$27,436$25,595$23,872$22,263$20,761$18,759
8 years$23,765$21,939$20,246$18,676$17,223$15,308
9 years$20,910$19,102$17,438$15,908$14,504$12,676
10 years$18,628$16,838$15,202$13,713$12,358$10,615
11 years$16,762$14,989$13,384$11,934$10,629$8,969
12 years$15,208$13,454$11,878$10,468$9,211$7,632
13 years$13,894$12,158$10,612$9,242$8,032$6,533
14 years$12,769$11,052$9,535$8,204$7,041$5,620
15 years$11,795$10,096$8,609$7,316$6,199$4,853
16 years$10,943$9,263$7,805$6,551$5,479$4,206
17 years$10,192$8,531$7,102$5,886$4,858$3,655
18 years$9,526$7,883$6,484$5,304$4,319$3,185
19 years$8,930$7,306$5,935$4,793$3,850$2,781
20 years$8,395$6,789$5,447$4,341$3,439$2,432
21 years$7,911$6,323$5,010$3,940$3,077$2,131
22 years$7,472$5,903$4,618$3,582$2,758$1,869
23 years$7,071$5,521$4,264$3,262$2,476$1,641
24 years$6,705$5,172$3,943$2,975$2,226$1,443
25 years$6,368$4,854$3,652$2,717$2,003$1,270
26 years$6,058$4,562$3,387$2,485$1,804$1,118
27 years$5,771$4,293$3,145$2,274$1,626$986
28 years$5,505$4,046$2,924$2,084$1,468$869
29 years$5,258$3,817$2,721$1,911$1,325$767
30 years$5,028$3,604$2,535$1,754$1,197$677
31 years$4,813$3,407$2,363$1,611$1,083$598
32 years$4,612$3,224$2,205$1,480$979$528
33 years$4,423$3,053$2,058$1,361$886$466
34 years$4,246$2,894$1,923$1,252$802$412
35 years$4,080$2,745$1,798$1,153$727$364
36 years$3,923$2,605$1,682$1,062$658$322
37 years$3,775$2,474$1,574$978$597$285
38 years$3,635$2,351$1,474$902$541$252
39 years$3,502$2,236$1,381$831$491$223
40 years$3,377$2,127$1,295$767$445$197
41 years$3,258$2,025$1,214$707$404$175
42 years$3,145$1,929$1,139$653$366$155
43 years$3,037$1,838$1,069$603$332$137
44 years$2,935$1,752$1,003$557$302$121
45 years$2,837$1,670$942$514$274$107
46 years$2,744$1,593$885$475$249$95
47 years$2,655$1,521$831$439$226$84
48 years$2,570$1,452$781$405$205$74
49 years$2,489$1,386$734$375$186$66
50 years$2,412$1,324$690$346$169$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,470,000, adding $5,075 every year, while hoping to spend $32,473 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: 63/12/25 Blend
44$2,470,000$2,470,000$2,470,000$2,470,000
45$2,727,175$2,596,265$2,557,980$2,880,693
46$2,970,796$2,688,931$2,609,121$3,077,832
47$3,238,177$2,785,049$2,660,887$3,289,024
48$3,531,710$2,884,754$2,713,265$3,518,984
49$3,854,024$2,988,187$2,766,239$3,769,552
50$4,208,020$3,095,494$2,819,794$4,042,756
51$4,596,891$3,206,827$2,873,910$4,340,827
52$5,024,157$3,322,344$2,928,569$4,666,224
53$5,493,692$3,442,210$2,983,747$5,021,652
54$6,009,768$3,566,598$3,039,422$5,410,092
55$6,577,089$3,695,685$3,095,567$5,834,826
56$7,200,837$3,829,660$3,152,155$6,299,468
57$7,886,724$3,968,714$3,209,153$6,808,000
58$8,641,041$4,113,052$3,266,531$7,364,806
59$9,470,719$4,262,883$3,324,251$7,974,716
60$10,383,395$4,418,427$3,382,276$8,643,051
61$11,387,484$4,579,913$3,440,565$9,375,670
62$12,492,257$4,747,578$3,499,074$10,179,028
63$13,707,929$4,921,672$3,557,755$11,060,238
64$15,045,756$5,102,452$3,616,558$12,027,132
65$16,518,139$5,290,188$3,675,428$13,088,341
66$18,138,743$5,485,161$3,734,309$14,253,372
67$19,922,626$5,687,664$3,793,139$15,532,701
68$21,886,376$5,898,003$3,851,852$16,937,865
69$24,048,276$6,116,494$3,910,378$18,481,581
70$26,428,469$6,343,471$3,968,645$20,177,854
71$29,049,150$6,579,279$4,026,572$22,042,118
72$31,934,778$6,824,278$4,084,076$24,091,378
73$35,112,302$7,078,844$4,141,069$26,344,368
74$38,611,419$7,343,369$4,197,457$28,821,730
75$42,464,852$7,618,263$4,253,141$31,546,209
76$46,708,660$7,903,951$4,308,014$34,542,865
77$51,382,577$8,200,878$4,361,966$37,839,312
78$56,530,387$8,509,508$4,414,879$41,465,976
79$62,200,337$8,830,325$4,466,628$45,456,382
80$68,445,594$9,163,833$4,517,083$49,847,469
81$75,324,742$9,510,559$4,566,103$54,679,944
82$82,902,341$9,871,052$4,613,543$59,998,657
83$91,249,532$10,245,885$4,659,248$65,853,031
84$100,444,707$10,635,656$4,703,056$72,297,526
85$110,574,253$11,040,989$4,744,794$79,392,150
86$121,733,364$11,462,536$4,784,282$87,203,028
87$134,026,942$11,900,975$4,821,331$95,803,026
88$147,570,584$12,357,016$4,855,739$105,272,436
89$162,491,673$12,831,399$4,887,295$115,699,734
90$178,930,583$13,324,897$4,915,779$127,182,417
91$197,042,001$13,838,316$4,940,957$139,827,920
92$216,996,391$14,372,499$4,962,584$153,754,630
93$238,981,595$14,928,324$4,980,403$169,093,005
94$263,204,614$15,506,708$4,994,143$185,986,803
95$289,893,559$16,108,611$5,003,521$204,594,439
96$319,299,802$16,735,033$5,008,239$225,090,480
97$351,700,349$17,387,017$5,007,983$247,667,293
98$387,400,460$18,065,656$5,002,425$272,536,859
99$426,736,523$18,772,089$4,991,222$299,932,773
100$470,079,231$19,507,505$4,974,011$330,112,452