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%13.7%
1 years$203,970$202,153$200,381$198,651$196,961$193,938
2 years$100,975$99,095$97,272$95,505$93,791$90,752
3 years$66,648$64,760$62,942$61,191$59,505$56,545
4 years$49,488$47,605$45,805$44,085$42,439$39,582
5 years$39,195$37,323$35,547$33,861$32,262$29,515
6 years$32,335$30,477$28,727$27,079$25,528$22,894
7 years$27,436$25,595$23,872$22,263$20,761$18,242
8 years$23,765$21,939$20,246$18,676$17,223$14,818
9 years$20,910$19,102$17,438$15,908$14,504$12,212
10 years$18,628$16,838$15,202$13,713$12,358$10,177
11 years$16,762$14,989$13,384$11,934$10,629$8,556
12 years$15,208$13,454$11,878$10,468$9,211$7,244
13 years$13,894$12,158$10,612$9,242$8,032$6,168
14 years$12,769$11,052$9,535$8,204$7,041$5,277
15 years$11,795$10,096$8,609$7,316$6,199$4,533
16 years$10,943$9,263$7,805$6,551$5,479$3,907
17 years$10,192$8,531$7,102$5,886$4,858$3,376
18 years$9,526$7,883$6,484$5,304$4,319$2,924
19 years$8,930$7,306$5,935$4,793$3,850$2,538
20 years$8,395$6,789$5,447$4,341$3,439$2,207
21 years$7,911$6,323$5,010$3,940$3,077$1,922
22 years$7,472$5,903$4,618$3,582$2,758$1,676
23 years$7,071$5,521$4,264$3,262$2,476$1,463
24 years$6,705$5,172$3,943$2,975$2,226$1,278
25 years$6,368$4,854$3,652$2,717$2,003$1,118
26 years$6,058$4,562$3,387$2,485$1,804$978
27 years$5,771$4,293$3,145$2,274$1,626$856
28 years$5,505$4,046$2,924$2,084$1,468$750
29 years$5,258$3,817$2,721$1,911$1,325$658
30 years$5,028$3,604$2,535$1,754$1,197$577
31 years$4,813$3,407$2,363$1,611$1,083$506
32 years$4,612$3,224$2,205$1,480$979$444
33 years$4,423$3,053$2,058$1,361$886$390
34 years$4,246$2,894$1,923$1,252$802$342
35 years$4,080$2,745$1,798$1,153$727$300
36 years$3,923$2,605$1,682$1,062$658$264
37 years$3,775$2,474$1,574$978$597$232
38 years$3,635$2,351$1,474$902$541$204
39 years$3,502$2,236$1,381$831$491$179
40 years$3,377$2,127$1,295$767$445$157
41 years$3,258$2,025$1,214$707$404$138
42 years$3,145$1,929$1,139$653$366$121
43 years$3,037$1,838$1,069$603$332$107
44 years$2,935$1,752$1,003$557$302$94
45 years$2,837$1,670$942$514$274$83
46 years$2,744$1,593$885$475$249$73
47 years$2,655$1,521$831$439$226$64
48 years$2,570$1,452$781$405$205$56
49 years$2,489$1,386$734$375$186$49
50 years$2,412$1,324$690$346$169$43

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 $3,169 every year, while hoping to spend $55,301 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: 51/41/8 Blend
44$2,470,000$2,470,000$2,470,000$2,470,000
45$2,725,209$2,594,299$2,556,014$2,858,491
46$2,944,340$2,662,580$2,582,800$3,017,874
47$3,183,970$2,732,353$2,608,631$3,184,833
48$3,446,129$2,803,633$2,633,415$3,365,021
49$3,733,058$2,876,434$2,657,057$3,559,694
50$4,047,218$2,950,768$2,679,457$3,770,232
51$4,391,325$3,026,646$2,700,509$3,998,159
52$4,768,366$3,104,077$2,720,103$4,245,148
53$5,181,633$3,183,071$2,738,119$4,513,043
54$5,634,750$3,263,632$2,754,437$4,803,874
55$6,131,709$3,345,765$2,768,926$5,119,876
56$6,676,909$3,429,472$2,781,450$5,463,509
57$7,275,191$3,514,754$2,791,866$5,837,485
58$7,931,891$3,601,608$2,800,024$6,244,788
59$8,652,885$3,690,028$2,805,767$6,688,705
60$9,444,647$3,780,007$2,808,927$7,172,859
61$10,314,308$3,871,534$2,809,333$7,701,238
62$11,269,722$3,964,594$2,806,801$8,278,236
63$12,319,545$4,059,170$2,801,139$8,908,693
64$13,473,309$4,155,239$2,792,148$9,597,941
65$14,741,518$4,252,777$2,779,616$10,351,856
66$16,135,743$4,351,754$2,763,323$11,176,910
67$17,668,732$4,452,134$2,743,039$12,080,234
68$19,354,532$4,553,877$2,718,519$13,069,685
69$21,208,616$4,656,939$2,689,512$14,153,919
70$23,248,034$4,761,268$2,655,750$15,342,475
71$25,491,572$4,866,808$2,616,955$16,645,864
72$27,959,925$4,973,495$2,572,836$18,075,666
73$30,675,900$5,081,259$2,523,088$19,644,643
74$33,664,622$5,190,020$2,467,392$21,366,857
75$36,953,776$5,299,694$2,405,413$23,257,804
76$40,573,868$5,410,186$2,336,801$25,334,557
77$44,558,510$5,521,393$2,261,191$27,615,935
78$48,944,738$5,633,201$2,178,201$30,122,671
79$53,773,361$5,745,487$2,087,430$32,877,616
80$59,089,345$5,858,118$1,988,461$35,905,950
81$64,942,240$5,970,947$1,880,856$39,235,421
82$71,386,642$6,083,817$1,764,158$42,896,610
83$78,482,712$6,196,557$1,637,890$46,923,215
84$86,296,742$6,308,982$1,501,553$51,352,374
85$94,901,781$6,420,892$1,354,625$56,225,011
86$104,378,320$6,532,074$1,196,563$61,586,230
87$114,815,058$6,642,295$1,026,798$67,485,734
88$126,309,733$6,751,307$844,735$73,978,298
89$138,970,047$6,858,841$649,754$81,124,286
90$152,914,679$6,964,612$441,208$88,990,222
91$168,274,409$7,068,311$218,421$97,649,420
92$185,193,348$7,169,607$0$107,182,672
93$203,830,300$7,268,148$0$117,680,668
94$224,360,258$7,363,555$0$129,259,886
95$246,976,059$7,455,424$0$142,009,866
96$271,890,200$7,543,323$0$156,049,849
97$299,336,845$7,626,790$0$171,511,242
98$329,574,033$7,705,333$0$188,538,856
99$362,886,117$7,778,427$0$207,292,277
100$399,586,443$7,845,512$0$227,947,371