Can I retire at age 45 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$208,099$206,246$204,437$202,672$200,948$193,896
2 years$103,019$101,101$99,241$97,438$95,690$88,658
3 years$67,997$66,070$64,216$62,430$60,709$53,920
4 years$50,490$48,569$46,733$44,977$43,299$36,803
5 years$39,988$38,079$36,266$34,547$32,915$26,731
6 years$32,989$31,094$29,309$27,627$26,044$20,176
7 years$27,992$26,113$24,356$22,714$21,181$15,628
8 years$24,246$22,383$20,655$19,054$17,572$12,329
9 years$21,333$19,489$17,791$16,230$14,798$9,858
10 years$19,005$17,178$15,510$13,990$12,609$7,964
11 years$17,101$15,293$13,655$12,176$10,844$6,485
12 years$15,516$13,726$12,118$10,680$9,397$5,314
13 years$14,175$12,404$10,827$9,429$8,194$4,376
14 years$13,027$11,275$9,728$8,370$7,183$3,617
15 years$12,033$10,300$8,783$7,464$6,325$3,000
16 years$11,165$9,450$7,963$6,683$5,590$2,495
17 years$10,399$8,703$7,246$6,005$4,956$2,080
18 years$9,719$8,042$6,615$5,412$4,407$1,736
19 years$9,111$7,453$6,056$4,890$3,928$1,452
20 years$8,565$6,926$5,558$4,429$3,508$1,215
21 years$8,071$6,451$5,112$4,019$3,140$1,019
22 years$7,623$6,022$4,711$3,655$2,814$854
23 years$7,214$5,632$4,350$3,328$2,526$717
24 years$6,840$5,277$4,023$3,036$2,271$602
25 years$6,497$4,952$3,726$2,772$2,043$506
26 years$6,180$4,654$3,456$2,535$1,840$425
27 years$5,888$4,380$3,209$2,320$1,659$358
28 years$5,617$4,128$2,983$2,126$1,497$301
29 years$5,364$3,894$2,776$1,949$1,352$253
30 years$5,130$3,677$2,586$1,789$1,222$213
31 years$4,910$3,476$2,411$1,643$1,104$179
32 years$4,705$3,289$2,249$1,510$999$151
33 years$4,513$3,115$2,100$1,389$904$127
34 years$4,332$2,952$1,962$1,278$819$107
35 years$4,162$2,800$1,835$1,176$741$90
36 years$4,002$2,658$1,716$1,083$672$76
37 years$3,851$2,524$1,606$998$609$64
38 years$3,708$2,399$1,504$920$552$54
39 years$3,573$2,281$1,409$848$501$45
40 years$3,445$2,170$1,321$782$454$38
41 years$3,324$2,066$1,239$722$412$32
42 years$3,208$1,968$1,162$666$374$27
43 years$3,099$1,875$1,090$615$339$23
44 years$2,994$1,787$1,023$568$308$19
45 years$2,895$1,704$961$524$280$16
46 years$2,800$1,626$903$484$254$14
47 years$2,709$1,551$848$447$230$11
48 years$2,622$1,481$797$414$209$10
49 years$2,540$1,414$749$382$190$8
50 years$2,460$1,351$704$353$173$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,520,000, adding $4,284 every year, while hoping to spend $52,957 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: 51/23/26 Blend
44$2,520,000$2,520,000$2,520,000$2,520,000
45$2,781,459$2,647,899$2,608,839$2,902,797
46$3,008,822$2,721,300$2,639,889$3,061,008
47$3,257,601$2,796,523$2,670,205$3,227,249
48$3,529,925$2,873,601$2,699,705$3,406,956
49$3,828,137$2,952,568$2,728,305$3,601,431
50$4,154,819$3,033,456$2,755,915$3,812,108
51$4,512,813$3,116,298$2,782,441$4,040,568
52$4,905,250$3,201,126$2,807,783$4,288,551
53$5,335,578$3,287,974$2,831,836$4,557,974
54$5,807,594$3,376,871$2,854,490$4,850,951
55$6,325,481$3,467,850$2,875,627$5,169,808
56$6,893,846$3,560,941$2,895,127$5,517,109
57$7,517,764$3,656,172$2,912,859$5,895,679
58$8,202,825$3,753,574$2,928,689$6,308,630
59$8,955,187$3,853,173$2,942,474$6,759,393
60$9,781,634$3,954,996$2,954,064$7,251,745
61$10,689,638$4,059,069$2,963,303$7,789,851
62$11,687,432$4,165,415$2,970,025$8,378,299
63$12,784,087$4,274,056$2,974,057$9,022,146
64$13,989,593$4,385,014$2,975,217$9,726,964
65$15,314,958$4,498,307$2,973,314$10,498,892
66$16,772,312$4,613,951$2,968,148$11,344,697
67$18,375,015$4,731,962$2,959,508$12,271,837
68$20,137,790$4,852,352$2,947,175$13,288,529
69$22,076,856$4,975,129$2,930,917$14,403,830
70$24,210,084$5,100,299$2,910,492$15,627,719
71$26,557,166$5,227,867$2,885,647$16,971,197
72$29,139,796$5,357,832$2,856,115$18,446,386
73$31,981,879$5,490,190$2,821,619$20,066,644
74$35,109,755$5,624,932$2,781,867$21,846,695
75$38,552,443$5,762,048$2,736,553$23,802,765
76$42,341,923$5,901,519$2,685,358$25,952,736
77$46,513,430$6,043,323$2,627,948$28,316,317
78$51,105,788$6,187,434$2,563,973$30,915,227
79$56,161,778$6,333,819$2,493,065$33,773,404
80$61,728,540$6,482,436$2,414,844$36,917,229
81$67,858,017$6,633,242$2,328,907$40,375,777
82$74,607,445$6,786,181$2,234,836$44,181,091
83$82,039,894$6,941,194$2,132,193$48,368,485
84$90,224,862$7,098,210$2,020,519$52,976,879
85$99,238,928$7,257,153$1,899,337$58,049,165
86$109,166,480$7,417,935$1,768,146$63,632,615
87$120,100,505$7,580,458$1,626,423$69,779,328
88$132,143,470$7,744,614$1,473,623$76,546,718
89$145,408,289$7,910,285$1,309,174$83,998,064
90$160,019,384$8,077,339$1,132,480$92,203,102
91$176,113,863$8,245,630$942,921$101,238,689
92$193,842,814$8,415,002$739,844$111,189,525
93$213,372,725$8,585,281$522,573$122,148,958
94$234,887,062$8,756,279$290,399$134,219,864
95$258,587,996$8,927,791$42,581$147,515,619
96$284,698,314$9,099,595$0$162,161,173
97$313,463,515$9,271,448$0$178,355,783
98$345,154,135$9,443,091$0$196,206,260
99$380,068,295$9,614,240$0$215,868,258
100$418,534,515$9,784,592$0$237,526,337