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%11.5%
1 years$204,796$202,972$201,192$199,455$197,759$196,512
2 years$101,384$99,496$97,666$95,892$94,171$92,914
3 years$66,918$65,022$63,196$61,439$59,746$58,517
4 years$49,688$47,798$45,991$44,263$42,611$41,420
5 years$39,353$37,474$35,691$33,998$32,392$31,242
6 years$32,465$30,600$28,843$27,189$25,631$24,523
7 years$27,548$25,698$23,969$22,353$20,845$19,780
8 years$23,861$22,028$20,328$18,752$17,293$16,271
9 years$20,995$19,179$17,508$15,972$14,563$13,584
10 years$18,703$16,906$15,264$13,768$12,408$11,472
11 years$16,830$15,050$13,438$11,983$10,672$9,777
12 years$15,270$13,508$11,926$10,510$9,248$8,394
13 years$13,950$12,207$10,655$9,279$8,064$7,250
14 years$12,821$11,096$9,574$8,237$7,069$6,294
15 years$11,842$10,137$8,644$7,346$6,224$5,487
16 years$10,987$9,300$7,837$6,577$5,501$4,801
17 years$10,234$8,565$7,131$5,910$4,878$4,214
18 years$9,564$7,915$6,510$5,326$4,337$3,708
19 years$8,966$7,335$5,959$4,812$3,866$3,270
20 years$8,429$6,816$5,469$4,359$3,453$2,890
21 years$7,943$6,349$5,031$3,956$3,090$2,558
22 years$7,502$5,927$4,637$3,597$2,770$2,268
23 years$7,100$5,543$4,281$3,275$2,486$2,013
24 years$6,732$5,193$3,959$2,987$2,235$1,789
25 years$6,394$4,874$3,667$2,728$2,011$1,591
26 years$6,082$4,581$3,401$2,495$1,811$1,417
27 years$5,794$4,311$3,158$2,283$1,633$1,263
28 years$5,527$4,062$2,936$2,092$1,474$1,126
29 years$5,279$3,832$2,732$1,918$1,331$1,005
30 years$5,048$3,619$2,545$1,761$1,202$897
31 years$4,832$3,421$2,373$1,617$1,087$801
32 years$4,631$3,237$2,214$1,486$983$716
33 years$4,441$3,066$2,067$1,367$890$640
34 years$4,264$2,905$1,931$1,257$806$572
35 years$4,096$2,756$1,805$1,157$730$512
36 years$3,939$2,616$1,689$1,066$661$458
37 years$3,790$2,484$1,581$982$599$410
38 years$3,650$2,361$1,480$905$543$367
39 years$3,517$2,245$1,387$835$493$329
40 years$3,391$2,136$1,300$770$447$294
41 years$3,271$2,033$1,219$710$405$264
42 years$3,157$1,936$1,143$656$368$236
43 years$3,049$1,845$1,073$605$334$212
44 years$2,947$1,759$1,007$559$303$190
45 years$2,849$1,677$946$516$275$170
46 years$2,755$1,600$888$477$250$152
47 years$2,666$1,527$834$440$227$136
48 years$2,581$1,457$784$407$206$122
49 years$2,499$1,392$737$376$187$110
50 years$2,421$1,330$693$348$170$98

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 $4,621 every year, while hoping to spend $48,659 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: 58/28/14 Blend
44$2,480,000$2,480,000$2,480,000$2,480,000
45$2,737,727$2,606,287$2,567,847$2,886,536
46$2,965,202$2,682,222$2,602,097$3,063,574
47$3,214,249$2,760,247$2,635,863$3,250,685
48$3,487,016$2,840,413$2,669,079$3,453,510
49$3,785,871$2,922,772$2,701,672$3,673,567
50$4,113,419$3,007,377$2,733,567$3,912,526
51$4,472,530$3,094,282$2,764,684$4,172,227
52$4,866,367$3,183,540$2,794,940$4,454,694
53$5,298,410$3,275,207$2,824,244$4,762,156
54$5,772,496$3,369,340$2,852,504$5,097,067
55$6,292,848$3,465,996$2,879,621$5,462,131
56$6,864,121$3,565,231$2,905,490$5,860,323
57$7,491,439$3,667,106$2,930,001$6,294,921
58$8,180,450$3,771,678$2,953,041$6,769,536
59$8,937,373$3,879,008$2,974,485$7,288,142
60$9,769,063$3,989,156$2,994,208$7,855,121
61$10,683,066$4,102,185$3,012,073$8,475,294
62$11,687,702$4,218,154$3,027,940$9,153,977
63$12,792,132$4,337,128$3,041,660$9,897,022
64$14,006,450$4,459,168$3,053,077$10,710,878
65$15,341,779$4,584,338$3,062,026$11,602,647
66$16,810,371$4,712,702$3,068,335$12,580,157
67$18,425,728$4,844,323$3,071,823$13,652,028
68$20,202,723$4,979,265$3,072,299$14,827,758
69$22,157,744$5,117,593$3,069,565$16,117,815
70$24,308,850$5,259,371$3,063,412$17,533,726
71$26,675,936$5,404,663$3,053,619$19,088,197
72$29,280,923$5,553,534$3,039,957$20,795,225
73$32,147,966$5,706,046$3,022,185$22,670,232
74$35,303,680$5,862,263$3,000,049$24,730,212
75$38,777,390$6,022,249$2,973,286$26,993,888
76$42,601,410$6,186,065$2,941,617$29,481,894
77$46,811,345$6,353,773$2,904,752$32,216,962
78$51,446,427$6,525,434$2,862,386$35,224,142
79$56,549,889$6,701,106$2,814,202$38,531,039
80$62,169,365$6,880,848$2,759,865$42,168,067
81$68,357,346$7,064,715$2,699,027$46,168,743
82$75,171,673$7,252,764$2,631,322$50,570,000
83$82,676,080$7,445,046$2,556,368$55,412,535
84$90,940,799$7,641,612$2,473,765$60,741,195
85$100,043,220$7,842,510$2,383,095$66,605,398
86$110,068,621$8,047,785$2,283,921$73,059,601
87$121,110,974$8,257,481$2,175,786$80,163,815
88$133,273,831$8,471,635$2,058,213$87,984,167
89$146,671,299$8,690,283$1,930,701$96,593,530
90$161,429,121$8,913,456$1,792,729$106,072,207
91$177,685,858$9,141,181$1,643,751$116,508,690
92$195,594,197$9,373,481$1,483,198$128,000,495
93$215,322,394$9,610,370$1,310,475$140,655,084
94$237,055,862$9,851,862$1,124,959$154,590,880
95$260,998,916$10,097,960$926,002$169,938,380
96$287,376,708$10,348,663$712,925$186,841,394
97$316,437,346$10,603,961$485,022$205,458,398
98$348,454,238$10,863,837$241,552$225,964,033
99$383,728,671$11,128,266$0$248,550,751
100$422,592,658$11,397,213$0$273,433,365