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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$204,796$202,972$201,192$199,455$197,759$192,276
2 years$101,384$99,496$97,666$95,892$94,171$88,688
3 years$66,918$65,022$63,196$61,439$59,746$54,435
4 years$49,688$47,798$45,991$44,263$42,611$37,513
5 years$39,353$37,474$35,691$33,998$32,392$27,520
6 years$32,465$30,600$28,843$27,189$25,631$20,990
7 years$27,548$25,698$23,969$22,353$20,845$16,435
8 years$23,861$22,028$20,328$18,752$17,293$13,111
9 years$20,995$19,179$17,508$15,972$14,563$10,606
10 years$18,703$16,906$15,264$13,768$12,408$8,671
11 years$16,830$15,050$13,438$11,983$10,672$7,148
12 years$15,270$13,508$11,926$10,510$9,248$5,931
13 years$13,950$12,207$10,655$9,279$8,064$4,947
14 years$12,821$11,096$9,574$8,237$7,069$4,144
15 years$11,842$10,137$8,644$7,346$6,224$3,484
16 years$10,987$9,300$7,837$6,577$5,501$2,937
17 years$10,234$8,565$7,131$5,910$4,878$2,482
18 years$9,564$7,915$6,510$5,326$4,337$2,102
19 years$8,966$7,335$5,959$4,812$3,866$1,783
20 years$8,429$6,816$5,469$4,359$3,453$1,515
21 years$7,943$6,349$5,031$3,956$3,090$1,288
22 years$7,502$5,927$4,637$3,597$2,770$1,096
23 years$7,100$5,543$4,281$3,275$2,486$934
24 years$6,732$5,193$3,959$2,987$2,235$796
25 years$6,394$4,874$3,667$2,728$2,011$680
26 years$6,082$4,581$3,401$2,495$1,811$580
27 years$5,794$4,311$3,158$2,283$1,633$495
28 years$5,527$4,062$2,936$2,092$1,474$423
29 years$5,279$3,832$2,732$1,918$1,331$362
30 years$5,048$3,619$2,545$1,761$1,202$309
31 years$4,832$3,421$2,373$1,617$1,087$264
32 years$4,631$3,237$2,214$1,486$983$226
33 years$4,441$3,066$2,067$1,367$890$193
34 years$4,264$2,905$1,931$1,257$806$165
35 years$4,096$2,756$1,805$1,157$730$141
36 years$3,939$2,616$1,689$1,066$661$121
37 years$3,790$2,484$1,581$982$599$104
38 years$3,650$2,361$1,480$905$543$89
39 years$3,517$2,245$1,387$835$493$76
40 years$3,391$2,136$1,300$770$447$65
41 years$3,271$2,033$1,219$710$405$56
42 years$3,157$1,936$1,143$656$368$48
43 years$3,049$1,845$1,073$605$334$41
44 years$2,947$1,759$1,007$559$303$35
45 years$2,849$1,677$946$516$275$30
46 years$2,755$1,600$888$477$250$26
47 years$2,666$1,527$834$440$227$22
48 years$2,581$1,457$784$407$206$19
49 years$2,499$1,392$737$376$187$16
50 years$2,421$1,330$693$348$170$14

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 $3,356 every year, while hoping to spend $20,370 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: 70/11/19 Blend
44$2,480,000$2,480,000$2,480,000$2,480,000
45$2,736,422$2,604,982$2,566,542$2,915,156
46$2,993,863$2,710,952$2,630,847$3,140,691
47$3,276,881$2,821,433$2,696,624$3,384,733
48$3,588,062$2,936,622$2,763,901$3,651,339
49$3,930,258$3,056,730$2,832,705$3,942,739
50$4,306,608$3,181,974$2,903,064$4,261,386
51$4,720,573$3,312,581$2,975,008$4,609,981
52$5,175,965$3,448,792$3,048,564$4,991,498
53$5,676,985$3,590,854$3,123,763$5,409,212
54$6,228,261$3,739,029$3,200,632$5,866,729
55$6,834,891$3,893,589$3,279,201$6,368,019
56$7,502,496$4,054,821$3,359,500$6,917,457
57$8,237,265$4,223,022$3,441,558$7,519,857
58$9,046,021$4,398,504$3,525,404$8,180,525
59$9,936,279$4,581,595$3,611,069$8,905,300
60$10,916,321$4,772,635$3,698,582$9,700,619
61$11,995,274$4,971,982$3,787,973$10,573,567
62$13,183,193$5,180,010$3,879,271$11,531,950
63$14,491,158$5,397,111$3,972,506$12,584,367
64$15,931,380$5,623,692$4,067,708$13,740,289
65$17,517,310$5,860,183$4,164,906$15,010,150
66$19,263,775$6,107,031$4,264,130$16,405,443
67$21,187,110$6,364,705$4,365,408$17,938,830
68$23,305,315$6,633,696$4,468,769$19,624,258
69$25,638,227$6,914,516$4,574,243$21,477,093
70$28,207,702$7,207,704$4,681,856$23,514,265
71$31,037,827$7,513,820$4,791,637$25,754,422
72$34,155,142$7,833,454$4,903,614$28,218,113
73$37,588,894$8,167,221$5,017,812$30,927,975
74$41,371,311$8,515,765$5,134,259$33,908,947
75$45,537,908$8,879,761$5,252,980$37,188,510
76$50,127,820$9,259,915$5,374,000$40,796,937
77$55,184,172$9,656,964$5,497,343$44,767,587
78$60,754,486$10,071,684$5,623,033$49,137,211
79$66,891,130$10,504,883$5,751,091$53,946,304
80$73,651,811$10,957,409$5,881,539$59,239,485
81$81,100,123$11,430,149$6,014,398$65,065,913
82$89,306,141$11,924,032$6,149,685$71,479,759
83$98,347,088$12,440,030$6,287,420$78,540,706
84$108,308,061$12,979,161$6,427,618$86,314,519
85$119,282,834$13,542,491$6,570,295$94,873,663
86$131,374,745$14,131,135$6,715,462$104,297,983
87$144,697,672$14,746,263$6,863,132$114,675,462
88$159,377,101$15,389,097$7,013,314$126,103,043
89$175,551,321$16,060,918$7,166,016$138,687,552
90$193,372,721$16,763,068$7,321,242$152,546,697
91$213,009,231$17,496,951$7,478,996$167,810,184
92$234,645,908$18,264,038$7,639,279$184,620,934
93$258,486,684$19,065,868$7,802,087$203,136,438
94$284,756,285$19,904,056$7,967,417$223,530,236
95$313,702,361$20,780,289$8,135,260$245,993,557
96$345,597,816$21,696,337$8,305,606$270,737,123
97$380,743,389$22,654,053$8,478,439$297,993,135
98$419,470,489$23,655,377$8,653,741$328,017,462
99$462,144,329$24,702,340$8,831,492$361,092,060
100$509,167,368$25,797,072$9,011,664$397,527,627