Can I retire at age 45 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$209,751$207,882$206,060$204,280$202,543$200,679
2 years$103,837$101,903$100,029$98,212$96,449$94,570
3 years$68,537$66,595$64,725$62,925$61,191$59,357
4 years$50,891$48,954$47,103$45,334$43,642$41,866
5 years$40,305$38,381$36,554$34,821$33,176$31,463
6 years$33,251$31,341$29,541$27,847$26,251$24,604
7 years$28,214$26,320$24,549$22,894$21,349$19,769
8 years$24,438$22,561$20,819$19,205$17,711$16,197
9 years$21,503$19,643$17,932$16,359$14,915$13,467
10 years$19,156$17,315$15,633$14,101$12,709$11,325
11 years$17,237$15,414$13,763$12,272$10,930$9,611
12 years$15,639$13,835$12,215$10,765$9,472$8,215
13 years$14,288$12,503$10,913$9,503$8,259$7,064
14 years$13,131$11,365$9,805$8,436$7,240$6,104
15 years$12,129$10,382$8,853$7,524$6,375$5,297
16 years$11,253$9,525$8,026$6,737$5,634$4,613
17 years$10,481$8,772$7,304$6,053$4,996$4,028
18 years$9,796$8,106$6,667$5,455$4,442$3,527
19 years$9,183$7,513$6,104$4,929$3,959$3,095
20 years$8,633$6,981$5,602$4,464$3,536$2,721
21 years$8,135$6,503$5,152$4,051$3,165$2,396
22 years$7,683$6,070$4,749$3,684$2,837$2,113
23 years$7,272$5,677$4,385$3,355$2,546$1,866
24 years$6,895$5,319$4,055$3,060$2,289$1,649
25 years$6,549$4,992$3,756$2,794$2,059$1,459
26 years$6,229$4,691$3,483$2,555$1,855$1,292
27 years$5,934$4,415$3,235$2,339$1,673$1,145
28 years$5,661$4,160$3,007$2,143$1,509$1,016
29 years$5,407$3,925$2,798$1,965$1,363$901
30 years$5,170$3,707$2,606$1,803$1,231$800
31 years$4,949$3,504$2,430$1,656$1,113$710
32 years$4,743$3,315$2,267$1,522$1,007$631
33 years$4,549$3,140$2,117$1,400$911$561
34 years$4,367$2,976$1,978$1,288$825$499
35 years$4,195$2,822$1,849$1,185$747$444
36 years$4,034$2,679$1,730$1,092$677$395
37 years$3,882$2,544$1,619$1,006$614$351
38 years$3,738$2,418$1,516$927$556$312
39 years$3,602$2,299$1,421$855$505$278
40 years$3,473$2,188$1,331$789$458$247
41 years$3,350$2,082$1,248$728$415$220
42 years$3,234$1,983$1,171$671$377$196
43 years$3,123$1,890$1,099$620$342$175
44 years$3,018$1,801$1,032$572$310$156
45 years$2,918$1,718$969$529$282$139
46 years$2,822$1,639$910$488$256$123
47 years$2,731$1,564$855$451$232$110
48 years$2,643$1,493$803$417$211$98
49 years$2,560$1,425$755$385$192$87
50 years$2,480$1,362$710$356$174$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,540,000, adding $5,683 every year, while hoping to spend $46,935 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: 59/36/5 Blend
44$2,540,000$2,540,000$2,540,000$2,540,000
45$2,804,942$2,670,322$2,630,952$2,967,626
46$3,041,108$2,751,229$2,669,150$3,158,140
47$3,299,789$2,834,528$2,707,055$3,359,870
48$3,583,233$2,920,286$2,744,608$3,578,615
49$3,893,915$3,008,572$2,781,744$3,816,007
50$4,234,560$3,099,458$2,818,398$4,073,841
51$4,608,170$3,193,016$2,854,499$4,354,093
52$5,018,052$3,289,322$2,889,973$4,658,937
53$5,467,846$3,388,451$2,924,740$4,990,767
54$5,961,565$3,490,484$2,958,718$5,352,216
55$6,503,627$3,595,500$2,991,817$5,746,183
56$7,098,900$3,703,583$3,023,946$6,175,860
57$7,752,746$3,814,817$3,055,007$6,644,759
58$8,471,072$3,929,288$3,084,895$7,156,749
59$9,260,384$4,047,086$3,113,502$7,716,089
60$10,127,852$4,168,302$3,140,713$8,327,469
61$11,081,373$4,293,030$3,166,407$8,996,052
62$12,129,649$4,421,364$3,190,457$9,727,526
63$13,282,265$4,553,402$3,212,730$10,528,154
64$14,549,783$4,689,246$3,233,083$11,404,832
65$15,943,838$4,828,996$3,251,369$12,365,158
66$17,477,252$4,972,759$3,267,431$13,417,498
67$19,164,148$5,120,641$3,281,107$14,571,070
68$21,020,091$5,272,752$3,292,224$15,836,025
69$23,062,228$5,429,204$3,300,601$17,223,544
70$25,309,452$5,590,113$3,306,048$18,745,946
71$27,782,582$5,755,594$3,308,367$20,416,801
72$30,504,555$5,925,768$3,307,347$22,251,058
73$33,500,647$6,100,758$3,302,770$24,265,183
74$36,798,706$6,280,688$3,294,405$26,477,320
75$40,429,418$6,465,685$3,282,012$28,907,457
76$44,426,595$6,655,881$3,265,336$31,577,613
77$48,827,496$6,851,408$3,244,114$34,512,050
78$53,673,175$7,052,401$3,218,066$37,737,497
79$59,008,870$7,258,999$3,186,901$41,283,406
80$64,884,427$7,471,342$3,150,315$45,182,222
81$71,354,776$7,689,576$3,107,988$49,469,699
82$78,480,443$7,913,845$3,059,586$54,185,227
83$86,328,123$8,144,298$3,004,757$59,372,209
84$94,971,311$8,381,088$2,943,136$65,078,469
85$104,490,993$8,624,370$2,874,339$71,356,699
86$114,976,409$8,874,299$2,797,964$78,264,963
87$126,525,899$9,131,035$2,713,592$85,867,236
88$139,247,826$9,394,741$2,620,783$94,234,015
89$153,261,603$9,665,582$2,519,078$103,442,977
90$168,698,816$9,943,725$2,407,996$113,579,717
91$185,704,467$10,229,340$2,287,036$124,738,549
92$204,438,344$10,522,598$2,155,672$137,023,404
93$225,076,524$10,823,675$2,013,357$150,548,801
94$247,813,041$11,132,747$1,859,516$165,440,936
95$272,861,713$11,449,993$1,693,551$181,838,863
96$300,458,158$11,775,593$1,514,836$199,895,817
97$330,862,025$12,109,732$1,322,717$219,780,648
98$364,359,435$12,452,593$1,116,512$241,679,425
99$401,265,691$12,804,362$895,508$265,797,184
100$441,928,244$13,165,229$658,961$292,359,864