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%12.4%
1 years$204,796$202,972$201,192$199,455$197,759$195,775
2 years$101,384$99,496$97,666$95,892$94,171$92,173
3 years$66,918$65,022$63,196$61,439$59,746$57,795
4 years$49,688$47,798$45,991$44,263$42,611$40,724
5 years$39,353$37,474$35,691$33,998$32,392$30,573
6 years$32,465$30,600$28,843$27,189$25,631$23,882
7 years$27,548$25,698$23,969$22,353$20,845$19,167
8 years$23,861$22,028$20,328$18,752$17,293$15,686
9 years$20,995$19,179$17,508$15,972$14,563$13,027
10 years$18,703$16,906$15,264$13,768$12,408$10,942
11 years$16,830$15,050$13,438$11,983$10,672$9,274
12 years$15,270$13,508$11,926$10,510$9,248$7,917
13 years$13,950$12,207$10,655$9,279$8,064$6,799
14 years$12,821$11,096$9,574$8,237$7,069$5,868
15 years$11,842$10,137$8,644$7,346$6,224$5,085
16 years$10,987$9,300$7,837$6,577$5,501$4,422
17 years$10,234$8,565$7,131$5,910$4,878$3,856
18 years$9,564$7,915$6,510$5,326$4,337$3,372
19 years$8,966$7,335$5,959$4,812$3,866$2,955
20 years$8,429$6,816$5,469$4,359$3,453$2,594
21 years$7,943$6,349$5,031$3,956$3,090$2,281
22 years$7,502$5,927$4,637$3,597$2,770$2,008
23 years$7,100$5,543$4,281$3,275$2,486$1,771
24 years$6,732$5,193$3,959$2,987$2,235$1,563
25 years$6,394$4,874$3,667$2,728$2,011$1,381
26 years$6,082$4,581$3,401$2,495$1,811$1,221
27 years$5,794$4,311$3,158$2,283$1,633$1,080
28 years$5,527$4,062$2,936$2,092$1,474$956
29 years$5,279$3,832$2,732$1,918$1,331$847
30 years$5,048$3,619$2,545$1,761$1,202$751
31 years$4,832$3,421$2,373$1,617$1,087$666
32 years$4,631$3,237$2,214$1,486$983$590
33 years$4,441$3,066$2,067$1,367$890$524
34 years$4,264$2,905$1,931$1,257$806$465
35 years$4,096$2,756$1,805$1,157$730$413
36 years$3,939$2,616$1,689$1,066$661$367
37 years$3,790$2,484$1,581$982$599$326
38 years$3,650$2,361$1,480$905$543$289
39 years$3,517$2,245$1,387$835$493$257
40 years$3,391$2,136$1,300$770$447$228
41 years$3,271$2,033$1,219$710$405$203
42 years$3,157$1,936$1,143$656$368$180
43 years$3,049$1,845$1,073$605$334$160
44 years$2,947$1,759$1,007$559$303$143
45 years$2,849$1,677$946$516$275$127
46 years$2,755$1,600$888$477$250$113
47 years$2,666$1,527$834$440$227$100
48 years$2,581$1,457$784$407$206$89
49 years$2,499$1,392$737$376$187$79
50 years$2,421$1,330$693$348$170$70

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 $6,029 every year, while hoping to spend $31,644 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: 73/20/7 Blend
44$2,480,000$2,480,000$2,480,000$2,480,000
45$2,739,179$2,607,739$2,569,299$2,936,001
46$2,984,906$2,701,849$2,621,701$3,160,668
47$3,254,637$2,799,510$2,674,799$3,402,079
48$3,550,787$2,900,863$2,728,581$3,665,568
49$3,876,015$3,006,053$2,783,037$3,953,308
50$4,233,252$3,115,234$2,838,152$4,267,685
51$4,625,727$3,228,563$2,893,914$4,611,331
52$5,056,997$3,346,208$2,950,305$4,987,138
53$5,530,978$3,468,340$3,007,308$5,398,295
54$6,051,987$3,595,138$3,064,902$5,848,309
55$6,624,780$3,726,790$3,123,067$6,341,044
56$7,254,596$3,863,491$3,181,778$6,880,755
57$7,947,207$4,005,445$3,241,010$7,472,125
58$8,708,973$4,152,862$3,300,734$8,120,313
59$9,546,900$4,305,964$3,360,920$8,831,000
60$10,468,708$4,464,981$3,421,536$9,610,442
61$11,482,904$4,630,152$3,482,544$10,465,530
62$12,598,858$4,801,728$3,543,908$11,403,853
63$13,826,898$4,979,969$3,605,585$12,433,770
64$15,178,401$5,165,147$3,667,532$13,564,488
65$16,665,904$5,357,545$3,729,700$14,806,148
66$18,303,221$5,557,459$3,792,039$16,169,921
67$20,105,571$5,765,197$3,854,495$17,668,112
68$22,089,728$5,981,079$3,917,008$19,314,278
69$24,274,169$6,205,442$3,979,518$21,123,349
70$26,679,260$6,438,633$4,041,957$23,111,776
71$29,327,437$6,681,019$4,104,255$25,297,682
72$32,243,426$6,932,979$4,166,338$27,701,030
73$35,454,470$7,194,909$4,228,124$30,343,815
74$38,990,590$7,467,224$4,289,531$33,250,268
75$42,884,866$7,750,355$4,350,467$36,447,086
76$47,173,753$8,044,752$4,410,837$39,963,681
77$51,897,416$8,350,885$4,470,541$43,832,459
78$57,100,119$8,669,245$4,529,470$48,089,120
79$62,830,636$9,000,344$4,587,513$52,773,004
80$69,142,715$9,344,715$4,644,549$57,927,450
81$76,095,582$9,702,915$4,700,451$63,600,211
82$83,754,501$10,075,528$4,755,085$69,843,904
83$92,191,390$10,463,159$4,808,311$76,716,500
84$101,485,501$10,866,443$4,859,979$84,281,877
85$111,724,165$11,286,041$4,909,930$92,610,416
86$123,003,617$11,722,645$4,958,001$101,779,669
87$135,429,907$12,176,975$5,004,014$111,875,087
88$149,119,896$12,649,785$5,047,787$122,990,825
89$164,202,361$13,141,861$5,089,124$135,230,632
90$180,819,214$13,654,024$5,127,822$148,708,825
91$199,126,835$14,187,132$5,163,665$163,551,372
92$219,297,550$14,742,080$5,196,426$179,897,075
93$241,521,262$15,319,803$5,225,868$197,898,881
94$266,007,236$15,921,279$5,251,740$217,725,324
95$292,986,080$16,547,527$5,273,779$239,562,113
96$322,711,918$17,199,614$5,291,709$263,613,885
97$355,464,792$17,878,653$5,305,239$290,106,136
98$391,553,300$18,585,807$5,314,064$319,287,344
99$431,317,517$19,322,291$5,317,865$351,431,315
100$475,132,195$20,089,375$5,316,305$386,839,768