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

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$208,099$206,246$204,437$202,672$200,948$199,682
2 years$103,019$101,101$99,241$97,438$95,690$94,412
3 years$67,997$66,070$64,216$62,430$60,709$59,461
4 years$50,490$48,569$46,733$44,977$43,299$42,088
5 years$39,988$38,079$36,266$34,547$32,915$31,746
6 years$32,989$31,094$29,309$27,627$26,044$24,919
7 years$27,992$26,113$24,356$22,714$21,181$20,099
8 years$24,246$22,383$20,655$19,054$17,572$16,533
9 years$21,333$19,489$17,791$16,230$14,798$13,803
10 years$19,005$17,178$15,510$13,990$12,609$11,657
11 years$17,101$15,293$13,655$12,176$10,844$9,934
12 years$15,516$13,726$12,118$10,680$9,397$8,529
13 years$14,175$12,404$10,827$9,429$8,194$7,367
14 years$13,027$11,275$9,728$8,370$7,183$6,396
15 years$12,033$10,300$8,783$7,464$6,325$5,576
16 years$11,165$9,450$7,963$6,683$5,590$4,879
17 years$10,399$8,703$7,246$6,005$4,956$4,282
18 years$9,719$8,042$6,615$5,412$4,407$3,768
19 years$9,111$7,453$6,056$4,890$3,928$3,323
20 years$8,565$6,926$5,558$4,429$3,508$2,936
21 years$8,071$6,451$5,112$4,019$3,140$2,599
22 years$7,623$6,022$4,711$3,655$2,814$2,304
23 years$7,214$5,632$4,350$3,328$2,526$2,045
24 years$6,840$5,277$4,023$3,036$2,271$1,818
25 years$6,497$4,952$3,726$2,772$2,043$1,617
26 years$6,180$4,654$3,456$2,535$1,840$1,440
27 years$5,888$4,380$3,209$2,320$1,659$1,283
28 years$5,617$4,128$2,983$2,126$1,497$1,144
29 years$5,364$3,894$2,776$1,949$1,352$1,021
30 years$5,130$3,677$2,586$1,789$1,222$911
31 years$4,910$3,476$2,411$1,643$1,104$814
32 years$4,705$3,289$2,249$1,510$999$727
33 years$4,513$3,115$2,100$1,389$904$650
34 years$4,332$2,952$1,962$1,278$819$582
35 years$4,162$2,800$1,835$1,176$741$520
36 years$4,002$2,658$1,716$1,083$672$465
37 years$3,851$2,524$1,606$998$609$417
38 years$3,708$2,399$1,504$920$552$373
39 years$3,573$2,281$1,409$848$501$334
40 years$3,445$2,170$1,321$782$454$299
41 years$3,324$2,066$1,239$722$412$268
42 years$3,208$1,968$1,162$666$374$240
43 years$3,099$1,875$1,090$615$339$215
44 years$2,994$1,787$1,023$568$308$193
45 years$2,895$1,704$961$524$280$173
46 years$2,800$1,626$903$484$254$155
47 years$2,709$1,551$848$447$230$139
48 years$2,622$1,481$797$414$209$124
49 years$2,540$1,414$749$382$190$111
50 years$2,460$1,351$704$353$173$100

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 $2,454 every year, while hoping to spend $38,430 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: 76/15/9 Blend
44$2,520,000$2,520,000$2,520,000$2,520,000
45$2,779,571$2,646,011$2,606,951$2,986,560
46$3,022,198$2,734,777$2,653,395$3,211,868
47$3,288,285$2,826,603$2,700,106$3,453,628
48$3,580,185$2,921,601$2,747,054$3,717,531
49$3,900,487$3,019,883$2,794,204$4,005,762
50$4,252,047$3,121,568$2,841,520$4,320,725
51$4,638,008$3,226,777$2,888,963$4,665,071
52$5,061,833$3,335,637$2,936,491$5,041,715
53$5,527,336$3,448,279$2,984,060$5,453,869
54$6,038,721$3,564,841$3,031,623$5,905,069
55$6,600,616$3,685,464$3,079,127$6,399,211
56$7,218,121$3,810,295$3,126,521$6,940,584
57$7,896,856$3,939,485$3,173,746$7,533,913
58$8,643,010$4,073,195$3,220,741$8,184,402
59$9,463,403$4,211,587$3,267,442$8,897,782
60$10,365,548$4,354,834$3,313,780$9,680,366
61$11,357,724$4,503,111$3,359,681$10,539,109
62$12,449,051$4,656,602$3,405,070$11,481,671
63$13,649,578$4,815,499$3,449,863$12,516,491
64$14,970,377$4,980,000$3,493,975$13,652,865
65$16,423,645$5,150,310$3,537,313$14,901,034
66$18,022,826$5,326,644$3,579,782$16,272,280
67$19,782,727$5,509,223$3,621,278$17,779,032
68$21,719,669$5,698,278$3,661,694$19,434,983
69$23,851,630$5,894,048$3,700,916$21,255,220
70$26,198,422$6,096,783$3,738,823$23,256,363
71$28,781,876$6,306,741$3,775,288$25,456,724
72$31,626,046$6,524,189$3,810,178$27,876,480
73$34,757,436$6,749,408$3,843,353$30,537,859
74$38,205,252$6,982,686$3,874,663$33,465,354
75$42,001,676$7,224,326$3,903,952$36,685,951
76$46,182,169$7,474,641$3,931,057$40,229,384
77$50,785,807$7,733,954$3,955,804$44,128,415
78$55,855,647$8,002,606$3,978,011$48,419,141
79$61,439,136$8,280,946$3,997,487$53,141,338
80$67,588,556$8,569,341$4,014,031$58,338,834
81$74,361,520$8,868,170$4,027,433$64,059,919
82$81,821,513$9,177,828$4,037,469$70,357,805
83$90,038,491$9,498,725$4,043,908$77,291,126
84$99,089,543$9,831,289$4,046,505$84,924,491
85$109,059,617$10,175,963$4,045,004$93,329,090
86$120,042,321$10,533,208$4,039,135$102,583,370
87$132,140,808$10,903,505$4,028,615$112,773,774
88$145,468,746$11,287,353$4,013,150$123,995,552
89$160,151,396$11,685,271$3,992,429$136,353,667
90$176,326,789$12,097,800$3,966,125$149,963,776
91$194,147,030$12,525,501$3,933,899$164,953,329
92$213,779,735$12,968,958$3,895,393$181,462,765
93$235,409,612$13,428,781$3,850,233$199,646,844
94$259,240,204$13,905,603$3,798,026$219,676,099
95$285,495,808$14,400,081$3,738,364$241,738,451
96$314,423,597$14,912,901$3,670,815$266,040,979
97$346,295,947$15,444,776$3,594,931$292,811,876
98$381,413,013$15,996,450$3,510,241$322,302,600
99$420,105,559$16,568,694$3,416,252$354,790,249
100$462,738,079$17,162,314$3,312,450$390,580,174