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%12.8%
1 years$204,796$202,972$201,192$199,455$197,759$195,450
2 years$101,384$99,496$97,666$95,892$94,171$91,847
3 years$66,918$65,022$63,196$61,439$59,746$57,479
4 years$49,688$47,798$45,991$44,263$42,611$40,419
5 years$39,353$37,474$35,691$33,998$32,392$30,281
6 years$32,465$30,600$28,843$27,189$25,631$23,603
7 years$27,548$25,698$23,969$22,353$20,845$18,901
8 years$23,861$22,028$20,328$18,752$17,293$15,433
9 years$20,995$19,179$17,508$15,972$14,563$12,787
10 years$18,703$16,906$15,264$13,768$12,408$10,714
11 years$16,830$15,050$13,438$11,983$10,672$9,058
12 years$15,270$13,508$11,926$10,510$9,248$7,713
13 years$13,950$12,207$10,655$9,279$8,064$6,607
14 years$12,821$11,096$9,574$8,237$7,069$5,687
15 years$11,842$10,137$8,644$7,346$6,224$4,915
16 years$10,987$9,300$7,837$6,577$5,501$4,262
17 years$10,234$8,565$7,131$5,910$4,878$3,707
18 years$9,564$7,915$6,510$5,326$4,337$3,232
19 years$8,966$7,335$5,959$4,812$3,866$2,824
20 years$8,429$6,816$5,469$4,359$3,453$2,472
21 years$7,943$6,349$5,031$3,956$3,090$2,167
22 years$7,502$5,927$4,637$3,597$2,770$1,902
23 years$7,100$5,543$4,281$3,275$2,486$1,672
24 years$6,732$5,193$3,959$2,987$2,235$1,471
25 years$6,394$4,874$3,667$2,728$2,011$1,296
26 years$6,082$4,581$3,401$2,495$1,811$1,142
27 years$5,794$4,311$3,158$2,283$1,633$1,007
28 years$5,527$4,062$2,936$2,092$1,474$889
29 years$5,279$3,832$2,732$1,918$1,331$785
30 years$5,048$3,619$2,545$1,761$1,202$693
31 years$4,832$3,421$2,373$1,617$1,087$613
32 years$4,631$3,237$2,214$1,486$983$542
33 years$4,441$3,066$2,067$1,367$890$479
34 years$4,264$2,905$1,931$1,257$806$424
35 years$4,096$2,756$1,805$1,157$730$375
36 years$3,939$2,616$1,689$1,066$661$332
37 years$3,790$2,484$1,581$982$599$294
38 years$3,650$2,361$1,480$905$543$260
39 years$3,517$2,245$1,387$835$493$230
40 years$3,391$2,136$1,300$770$447$204
41 years$3,271$2,033$1,219$710$405$181
42 years$3,157$1,936$1,143$656$368$160
43 years$3,049$1,845$1,073$605$334$142
44 years$2,947$1,759$1,007$559$303$126
45 years$2,849$1,677$946$516$275$111
46 years$2,755$1,600$888$477$250$99
47 years$2,666$1,527$834$440$227$87
48 years$2,581$1,457$784$407$206$77
49 years$2,499$1,392$737$376$187$69
50 years$2,421$1,330$693$348$170$61

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 $4,992 every year, while hoping to spend $41,666 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: 54/30/16 Blend
44$2,480,000$2,480,000$2,480,000$2,480,000
45$2,738,109$2,606,669$2,568,229$2,874,008
46$2,973,064$2,690,064$2,609,933$3,050,684
47$3,230,588$2,776,148$2,651,637$3,238,023
48$3,512,939$2,865,010$2,693,297$3,441,006
49$3,822,603$2,956,741$2,734,868$3,661,135
50$4,162,321$3,051,433$2,776,298$3,900,060
51$4,535,109$3,149,185$2,817,535$4,159,599
52$4,944,291$3,250,096$2,858,523$4,441,752
53$5,393,527$3,354,269$2,899,203$4,748,720
54$5,886,851$3,461,812$2,939,509$5,082,926
55$6,428,703$3,572,834$2,979,377$5,447,037
56$7,023,979$3,687,451$3,018,734$5,843,990
57$7,678,068$3,805,779$3,057,505$6,277,018
58$8,396,910$3,927,942$3,095,610$6,749,680
59$9,187,048$4,054,064$3,132,967$7,265,895
60$10,055,691$4,184,276$3,169,484$7,829,980
61$11,010,778$4,318,713$3,205,069$8,446,688
62$12,061,062$4,457,514$3,239,623$9,121,252
63$13,216,180$4,600,822$3,273,040$9,859,437
64$14,486,755$4,748,787$3,305,211$10,667,592
65$15,884,487$4,901,561$3,336,020$11,552,711
66$17,422,271$5,059,304$3,365,343$12,522,495
67$19,114,312$5,222,179$3,393,051$13,585,429
68$20,976,263$5,390,357$3,419,010$14,750,858
69$23,025,371$5,564,013$3,443,075$16,029,077
70$25,280,637$5,743,328$3,465,096$17,431,427
71$27,763,001$5,928,490$3,484,916$18,970,401
72$30,495,533$6,119,693$3,502,367$20,659,762
73$33,503,657$6,317,137$3,517,275$22,514,671
74$36,815,382$6,521,029$3,529,456$24,551,835
75$40,461,576$6,731,584$3,538,718$26,789,655
76$44,476,249$6,949,024$3,544,857$29,248,408
77$48,896,877$7,173,577$3,547,661$31,950,432
78$53,764,757$7,405,481$3,546,906$34,920,340
79$59,125,394$7,644,981$3,542,359$38,185,249
80$65,028,929$7,892,330$3,533,773$41,775,038
81$71,530,617$8,147,791$3,520,891$45,722,627
82$78,691,341$8,411,635$3,503,443$50,064,288
83$86,578,195$8,684,142$3,481,145$54,839,988
84$95,265,108$8,965,602$3,453,701$60,093,765
85$104,833,549$9,256,316$3,420,799$65,874,140
86$115,373,289$9,556,594$3,382,115$72,234,581
87$126,983,255$9,866,757$3,337,306$79,234,001
88$139,772,457$10,187,138$3,286,015$86,937,316
89$153,861,020$10,518,080$3,227,869$95,416,057
90$169,381,317$10,859,940$3,162,476$104,749,043
91$186,479,219$11,213,084$3,089,426$115,023,128
92$205,315,468$11,577,894$3,008,291$126,334,016
93$226,067,199$11,954,763$2,918,622$138,787,166
94$248,929,607$12,344,101$2,819,949$152,498,787
95$274,117,792$12,746,327$2,711,783$167,596,932
96$301,868,790$13,161,880$2,593,611$184,222,708
97$332,443,806$13,591,211$2,464,896$202,531,609
98$366,130,681$14,034,788$2,325,077$222,694,979
99$403,246,613$14,493,095$2,173,569$244,901,630
100$444,141,143$14,966,632$2,009,760$269,359,624