Can I retire at age 45 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$204,796$202,972$201,192$199,455$197,759$190,515
2 years$101,384$99,496$97,666$95,892$94,171$86,953
3 years$66,918$65,022$63,196$61,439$59,746$52,782
4 years$49,688$47,798$45,991$44,263$42,611$35,954
5 years$39,353$37,474$35,691$33,998$32,392$26,059
6 years$32,465$30,600$28,843$27,189$25,631$19,626
7 years$27,548$25,698$23,969$22,353$20,845$15,167
8 years$23,861$22,028$20,328$18,752$17,293$11,936
9 years$20,995$19,179$17,508$15,972$14,563$9,521
10 years$18,703$16,906$15,264$13,768$12,408$7,672
11 years$16,830$15,050$13,438$11,983$10,672$6,231
12 years$15,270$13,508$11,926$10,510$9,248$5,092
13 years$13,950$12,207$10,655$9,279$8,064$4,182
14 years$12,821$11,096$9,574$8,237$7,069$3,448
15 years$11,842$10,137$8,644$7,346$6,224$2,851
16 years$10,987$9,300$7,837$6,577$5,501$2,364
17 years$10,234$8,565$7,131$5,910$4,878$1,965
18 years$9,564$7,915$6,510$5,326$4,337$1,635
19 years$8,966$7,335$5,959$4,812$3,866$1,363
20 years$8,429$6,816$5,469$4,359$3,453$1,138
21 years$7,943$6,349$5,031$3,956$3,090$951
22 years$7,502$5,927$4,637$3,597$2,770$795
23 years$7,100$5,543$4,281$3,275$2,486$665
24 years$6,732$5,193$3,959$2,987$2,235$557
25 years$6,394$4,874$3,667$2,728$2,011$466
26 years$6,082$4,581$3,401$2,495$1,811$391
27 years$5,794$4,311$3,158$2,283$1,633$328
28 years$5,527$4,062$2,936$2,092$1,474$275
29 years$5,279$3,832$2,732$1,918$1,331$230
30 years$5,048$3,619$2,545$1,761$1,202$193
31 years$4,832$3,421$2,373$1,617$1,087$162
32 years$4,631$3,237$2,214$1,486$983$136
33 years$4,441$3,066$2,067$1,367$890$114
34 years$4,264$2,905$1,931$1,257$806$96
35 years$4,096$2,756$1,805$1,157$730$80
36 years$3,939$2,616$1,689$1,066$661$67
37 years$3,790$2,484$1,581$982$599$57
38 years$3,650$2,361$1,480$905$543$48
39 years$3,517$2,245$1,387$835$493$40
40 years$3,391$2,136$1,300$770$447$33
41 years$3,271$2,033$1,219$710$405$28
42 years$3,157$1,936$1,143$656$368$24
43 years$3,049$1,845$1,073$605$334$20
44 years$2,947$1,759$1,007$559$303$17
45 years$2,849$1,677$946$516$275$14
46 years$2,755$1,600$888$477$250$12
47 years$2,666$1,527$834$440$227$10
48 years$2,581$1,457$784$407$206$8
49 years$2,499$1,392$737$376$187$7
50 years$2,421$1,330$693$348$170$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,480,000, adding $6,371 every year, while hoping to spend $55,157 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: 59/32/9 Blend
44$2,480,000$2,480,000$2,480,000$2,480,000
45$2,739,532$2,608,092$2,569,652$2,895,171
46$2,960,277$2,677,202$2,597,048$3,069,589
47$3,201,690$2,747,849$2,623,514$3,252,874
48$3,465,821$2,820,052$2,648,960$3,451,360
49$3,754,925$2,893,825$2,673,291$3,666,513
50$4,071,490$2,969,185$2,696,408$3,899,944
51$4,418,251$3,046,144$2,718,207$4,153,427
52$4,798,223$3,124,716$2,738,578$4,428,918
53$5,214,726$3,204,911$2,757,404$4,728,566
54$5,671,415$3,286,738$2,774,564$5,054,741
55$6,172,317$3,370,206$2,789,930$5,410,052
56$6,721,867$3,455,320$2,803,366$5,797,373
57$7,324,951$3,542,084$2,814,732$6,219,866
58$7,986,949$3,630,499$2,823,879$6,681,019
59$8,713,788$3,720,564$2,830,649$7,184,670
60$9,511,999$3,812,276$2,834,880$7,735,048
61$10,388,773$3,905,628$2,836,399$8,336,812
62$11,352,034$4,000,610$2,835,025$8,995,094
63$12,410,512$4,097,211$2,830,569$9,715,546
64$13,573,823$4,195,412$2,822,831$10,504,399
65$14,852,560$4,295,195$2,811,604$11,368,514
66$16,258,397$4,396,535$2,796,667$12,315,452
67$17,804,191$4,499,403$2,777,793$13,353,543
68$19,504,110$4,603,765$2,754,742$14,491,965
69$21,373,764$4,709,584$2,727,260$15,740,830
70$23,430,350$4,816,816$2,695,085$17,111,281
71$25,692,816$4,925,410$2,657,941$18,615,596
72$28,182,040$5,035,312$2,615,539$20,267,304
73$30,921,024$5,146,458$2,567,575$22,081,312
74$33,935,114$5,258,780$2,513,734$24,074,045
75$37,252,235$5,372,200$2,453,684$26,263,606
76$40,903,158$5,486,633$2,387,078$28,669,939
77$44,921,789$5,601,986$2,313,553$31,315,025
78$49,345,484$5,718,157$2,232,730$34,223,083
79$54,215,409$5,835,032$2,144,212$37,420,804
80$59,576,923$5,952,490$2,047,585$40,937,599
81$65,480,004$6,070,397$1,942,414$44,805,879
82$71,979,726$6,188,608$1,828,246$49,061,362
83$79,136,773$6,306,966$1,704,608$53,743,406
84$87,018,015$6,425,298$1,571,004$58,895,387
85$95,697,137$6,543,422$1,426,917$64,565,101
86$105,255,333$6,661,138$1,271,806$70,805,225
87$115,782,073$6,778,229$1,105,108$77,673,805
88$127,375,947$6,894,466$926,232$85,234,810
89$140,145,596$7,009,596$734,563$93,558,736
90$154,210,734$7,123,354$529,458$102,723,268
91$169,703,280$7,235,449$310,246$112,814,021
92$186,768,602$7,345,574$76,226$123,925,340
93$205,566,887$7,453,395$0$136,161,197
94$226,274,657$7,558,558$0$149,652,836
95$249,086,427$7,660,683$0$164,518,758
96$274,216,547$7,759,361$0$180,890,865
97$301,901,225$7,854,160$0$198,922,587
98$332,400,749$7,944,613$0$218,783,004
99$366,001,951$8,030,224$0$240,658,440
100$403,020,909$8,110,465$0$264,754,226