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%12.3%
1 years$208,099$206,246$204,437$202,672$200,948$199,015
2 years$103,019$101,101$99,241$97,438$95,690$93,743
3 years$67,997$66,070$64,216$62,430$60,709$58,808
4 years$50,490$48,569$46,733$44,977$43,299$41,458
5 years$39,988$38,079$36,266$34,547$32,915$31,141
6 years$32,989$31,094$29,309$27,627$26,044$24,339
7 years$27,992$26,113$24,356$22,714$21,181$19,545
8 years$24,246$22,383$20,655$19,054$17,572$16,004
9 years$21,333$19,489$17,791$16,230$14,798$13,299
10 years$19,005$17,178$15,510$13,990$12,609$11,177
11 years$17,101$15,293$13,655$12,176$10,844$9,479
12 years$15,516$13,726$12,118$10,680$9,397$8,097
13 years$14,175$12,404$10,827$9,429$8,194$6,958
14 years$13,027$11,275$9,728$8,370$7,183$6,009
15 years$12,033$10,300$8,783$7,464$6,325$5,211
16 years$11,165$9,450$7,963$6,683$5,590$4,534
17 years$10,399$8,703$7,246$6,005$4,956$3,957
18 years$9,719$8,042$6,615$5,412$4,407$3,463
19 years$9,111$7,453$6,056$4,890$3,928$3,036
20 years$8,565$6,926$5,558$4,429$3,508$2,668
21 years$8,071$6,451$5,112$4,019$3,140$2,347
22 years$7,623$6,022$4,711$3,655$2,814$2,069
23 years$7,214$5,632$4,350$3,328$2,526$1,825
24 years$6,840$5,277$4,023$3,036$2,271$1,612
25 years$6,497$4,952$3,726$2,772$2,043$1,425
26 years$6,180$4,654$3,456$2,535$1,840$1,261
27 years$5,888$4,380$3,209$2,320$1,659$1,117
28 years$5,617$4,128$2,983$2,126$1,497$989
29 years$5,364$3,894$2,776$1,949$1,352$877
30 years$5,130$3,677$2,586$1,789$1,222$778
31 years$4,910$3,476$2,411$1,643$1,104$690
32 years$4,705$3,289$2,249$1,510$999$613
33 years$4,513$3,115$2,100$1,389$904$544
34 years$4,332$2,952$1,962$1,278$819$483
35 years$4,162$2,800$1,835$1,176$741$430
36 years$4,002$2,658$1,716$1,083$672$382
37 years$3,851$2,524$1,606$998$609$339
38 years$3,708$2,399$1,504$920$552$302
39 years$3,573$2,281$1,409$848$501$268
40 years$3,445$2,170$1,321$782$454$239
41 years$3,324$2,066$1,239$722$412$212
42 years$3,208$1,968$1,162$666$374$189
43 years$3,099$1,875$1,090$615$339$168
44 years$2,994$1,787$1,023$568$308$150
45 years$2,895$1,704$961$524$280$133
46 years$2,800$1,626$903$484$254$118
47 years$2,709$1,551$848$447$230$105
48 years$2,622$1,481$797$414$209$94
49 years$2,540$1,414$749$382$190$83
50 years$2,460$1,351$704$353$173$74

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 $3,306 every year, while hoping to spend $44,505 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$2,780,450$2,646,890$2,607,830$2,987,438
46$3,016,703$2,729,235$2,647,839$3,206,445
47$3,275,562$2,814,123$2,687,698$3,440,440
48$3,559,286$2,901,632$2,727,352$3,695,658
49$3,870,363$2,991,841$2,766,748$3,974,189
50$4,211,533$3,084,834$2,805,827$4,278,337
51$4,585,813$3,180,695$2,844,526$4,610,636
52$4,996,529$3,279,511$2,882,780$4,973,878
53$5,447,340$3,381,373$2,920,519$5,371,138
54$5,942,281$3,486,372$2,957,668$5,805,801
55$6,485,794$3,594,605$2,994,151$6,281,596
56$7,082,774$3,706,169$3,029,883$6,802,630
57$7,738,612$3,821,166$3,064,779$7,373,426
58$8,459,247$3,939,700$3,098,746$7,998,968
59$9,251,222$4,061,878$3,131,686$8,684,742
60$10,121,747$4,187,810$3,163,498$9,436,795
61$11,078,763$4,317,610$3,194,073$10,261,785
62$12,131,019$4,451,396$3,223,297$11,167,048
63$13,288,155$4,589,286$3,251,049$12,160,667
64$14,560,792$4,731,407$3,277,205$13,251,543
65$15,960,631$4,877,884$3,301,629$14,449,486
66$17,500,565$5,028,850$3,324,183$15,765,300
67$19,194,798$5,184,439$3,344,719$17,210,890
68$21,058,983$5,344,792$3,363,082$18,799,373
69$23,110,363$5,510,050$3,379,110$20,545,198
70$25,367,940$5,680,362$3,392,630$22,464,288
71$27,852,649$5,855,880$3,403,463$24,574,183
72$30,587,561$6,036,759$3,411,420$26,894,212
73$33,598,092$6,223,161$3,416,302$29,445,670
74$36,912,252$6,415,250$3,417,903$32,252,022
75$40,560,901$6,613,196$3,416,002$35,339,121
76$44,578,045$6,817,176$3,410,371$38,735,455
77$49,001,157$7,027,368$3,400,769$42,472,412
78$53,871,524$7,243,959$3,386,944$46,584,580
79$59,234,645$7,467,138$3,368,632$51,110,068
80$65,140,653$7,697,102$3,345,556$56,090,872
81$71,644,793$7,934,053$3,317,424$61,573,262
82$78,807,938$8,178,198$3,283,934$67,608,229
83$86,697,168$8,429,750$3,244,767$74,251,956
84$95,386,401$8,688,929$3,199,588$81,566,355
85$104,957,088$8,955,961$3,148,048$89,619,646
86$115,498,985$9,231,078$3,089,782$98,487,005
87$127,110,999$9,514,517$3,024,407$108,251,270
88$139,902,118$9,806,526$2,951,522$119,003,724
89$153,992,444$10,107,356$2,870,708$130,844,955
90$169,514,322$10,417,266$2,781,526$143,885,805
91$186,613,594$10,736,523$2,683,519$158,248,420
92$205,450,970$11,065,401$2,576,205$174,067,395
93$226,203,545$11,404,182$2,459,084$191,491,051
94$249,066,475$11,753,156$2,331,632$210,682,831
95$274,254,815$12,112,619$2,193,301$231,822,845
96$302,005,547$12,482,879$2,043,518$255,109,565
97$332,579,821$12,864,248$1,881,684$280,761,705
98$366,265,417$13,257,051$1,707,174$309,020,278
99$403,379,461$13,661,618$1,519,336$340,150,877
100$444,271,419$14,078,290$1,317,487$374,446,177