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%12.8%
1 years$209,751$207,882$206,060$204,280$202,543$200,178
2 years$103,837$101,903$100,029$98,212$96,449$94,069
3 years$68,537$66,595$64,725$62,925$61,191$58,869
4 years$50,891$48,954$47,103$45,334$43,642$41,396
5 years$40,305$38,381$36,554$34,821$33,176$31,013
6 years$33,251$31,341$29,541$27,847$26,251$24,174
7 years$28,214$26,320$24,549$22,894$21,349$19,358
8 years$24,438$22,561$20,819$19,205$17,711$15,806
9 years$21,503$19,643$17,932$16,359$14,915$13,096
10 years$19,156$17,315$15,633$14,101$12,709$10,974
11 years$17,237$15,414$13,763$12,272$10,930$9,277
12 years$15,639$13,835$12,215$10,765$9,472$7,900
13 years$14,288$12,503$10,913$9,503$8,259$6,767
14 years$13,131$11,365$9,805$8,436$7,240$5,824
15 years$12,129$10,382$8,853$7,524$6,375$5,034
16 years$11,253$9,525$8,026$6,737$5,634$4,365
17 years$10,481$8,772$7,304$6,053$4,996$3,796
18 years$9,796$8,106$6,667$5,455$4,442$3,310
19 years$9,183$7,513$6,104$4,929$3,959$2,892
20 years$8,633$6,981$5,602$4,464$3,536$2,531
21 years$8,135$6,503$5,152$4,051$3,165$2,219
22 years$7,683$6,070$4,749$3,684$2,837$1,948
23 years$7,272$5,677$4,385$3,355$2,546$1,712
24 years$6,895$5,319$4,055$3,060$2,289$1,507
25 years$6,549$4,992$3,756$2,794$2,059$1,327
26 years$6,229$4,691$3,483$2,555$1,855$1,169
27 years$5,934$4,415$3,235$2,339$1,673$1,031
28 years$5,661$4,160$3,007$2,143$1,509$910
29 years$5,407$3,925$2,798$1,965$1,363$804
30 years$5,170$3,707$2,606$1,803$1,231$710
31 years$4,949$3,504$2,430$1,656$1,113$627
32 years$4,743$3,315$2,267$1,522$1,007$555
33 years$4,549$3,140$2,117$1,400$911$491
34 years$4,367$2,976$1,978$1,288$825$434
35 years$4,195$2,822$1,849$1,185$747$384
36 years$4,034$2,679$1,730$1,092$677$340
37 years$3,882$2,544$1,619$1,006$614$301
38 years$3,738$2,418$1,516$927$556$266
39 years$3,602$2,299$1,421$855$505$236
40 years$3,473$2,188$1,331$789$458$209
41 years$3,350$2,082$1,248$728$415$185
42 years$3,234$1,983$1,171$671$377$164
43 years$3,123$1,890$1,099$620$342$145
44 years$3,018$1,801$1,032$572$310$129
45 years$2,918$1,718$969$529$282$114
46 years$2,822$1,639$910$488$256$101
47 years$2,731$1,564$855$451$232$89
48 years$2,643$1,493$803$417$211$79
49 years$2,560$1,425$755$385$192$70
50 years$2,480$1,362$710$356$174$62

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 $4,322 every year, while hoping to spend $53,290 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: 45/45/10 Blend
44$2,540,000$2,540,000$2,540,000$2,540,000
45$2,803,538$2,668,918$2,629,548$2,921,583
46$3,032,799$2,742,995$2,660,938$3,077,846
47$3,283,658$2,818,916$2,691,593$3,241,381
48$3,558,263$2,896,714$2,721,433$3,417,498
49$3,858,977$2,976,424$2,750,372$3,607,375
50$4,188,403$3,058,080$2,778,320$3,812,312
51$4,549,409$3,141,715$2,805,183$4,033,735
52$4,945,152$3,227,362$2,830,860$4,273,216
53$5,379,110$3,315,055$2,855,246$4,532,485
54$5,855,112$3,404,825$2,878,230$4,813,444
55$6,377,377$3,496,705$2,899,694$5,118,189
56$6,950,553$3,590,727$2,919,517$5,449,026
57$7,579,756$3,686,920$2,937,568$5,808,495
58$8,270,626$3,785,314$2,953,711$6,199,392
59$9,029,374$3,885,938$2,967,804$6,624,796
60$9,862,841$3,988,819$2,979,696$7,088,097
61$10,778,564$4,093,985$2,989,230$7,593,030
62$11,784,847$4,201,460$2,996,238$8,143,706
63$12,890,837$4,311,267$3,000,548$8,744,656
64$14,106,613$4,423,429$3,001,976$9,400,868
65$15,443,276$4,537,966$3,000,331$10,117,839
66$16,913,059$4,654,895$2,995,411$10,901,622
67$18,529,438$4,774,233$2,987,005$11,758,886
68$20,307,263$4,895,992$2,974,892$12,696,978
69$22,262,893$5,020,184$2,958,839$13,723,993
70$24,414,351$5,146,817$2,938,604$14,848,847
71$26,781,499$5,275,895$2,913,931$16,081,364
72$29,386,218$5,407,419$2,884,554$17,432,371
73$32,252,617$5,541,388$2,850,191$18,913,792
74$35,407,263$5,677,795$2,810,552$20,538,770
75$38,879,427$5,816,630$2,765,328$22,321,782
76$42,701,361$5,957,877$2,714,199$24,278,784
77$46,908,603$6,101,517$2,656,828$26,427,354
78$51,540,313$6,247,524$2,592,864$28,786,864
79$56,639,639$6,395,866$2,521,939$31,378,658
80$62,254,125$6,546,507$2,443,668$34,226,257
81$68,436,163$6,699,403$2,357,648$37,355,579
82$75,243,480$6,854,502$2,263,457$40,795,185
83$82,739,688$7,011,746$2,160,657$44,576,546
84$90,994,883$7,171,068$2,048,785$48,734,345
85$100,086,304$7,332,394$1,927,362$53,306,799
86$110,099,064$7,495,637$1,795,885$58,336,024
87$121,126,949$7,660,704$1,653,828$63,868,430
88$133,273,308$7,827,489$1,500,642$69,955,163
89$146,652,026$7,995,876$1,335,754$76,652,584
90$161,388,595$8,165,737$1,158,564$84,022,802
91$177,621,303$8,336,929$968,447$92,134,264
92$195,502,537$8,509,299$764,751$101,062,396
93$215,200,217$8,682,677$546,792$110,890,324
94$236,899,389$8,856,877$313,859$121,709,647
95$260,803,961$9,031,699$65,208$133,621,316
96$287,138,637$9,206,924$0$146,736,575
97$316,151,028$9,382,313$0$161,199,378
98$348,113,997$9,557,611$0$177,132,285
99$383,328,229$9,732,538$0$194,677,310
100$422,125,071$9,906,795$0$213,998,626