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%16.3%
1 years$209,751$207,882$206,060$204,280$202,543$197,327
2 years$103,837$101,903$100,029$98,212$96,449$91,228
3 years$68,537$66,595$64,725$62,925$61,191$56,129
4 years$50,891$48,954$47,103$45,334$43,642$38,778
5 years$40,305$38,381$36,554$34,821$33,176$28,523
6 years$33,251$31,341$29,541$27,847$26,251$21,814
7 years$28,214$26,320$24,549$22,894$21,349$17,129
8 years$24,438$22,561$20,819$19,205$17,711$13,705
9 years$21,503$19,643$17,932$16,359$14,915$11,120
10 years$19,156$17,315$15,633$14,101$12,709$9,120
11 years$17,237$15,414$13,763$12,272$10,930$7,542
12 years$15,639$13,835$12,215$10,765$9,472$6,279
13 years$14,288$12,503$10,913$9,503$8,259$5,255
14 years$13,131$11,365$9,805$8,436$7,240$4,417
15 years$12,129$10,382$8,853$7,524$6,375$3,726
16 years$11,253$9,525$8,026$6,737$5,634$3,153
17 years$10,481$8,772$7,304$6,053$4,996$2,674
18 years$9,796$8,106$6,667$5,455$4,442$2,273
19 years$9,183$7,513$6,104$4,929$3,959$1,935
20 years$8,633$6,981$5,602$4,464$3,536$1,650
21 years$8,135$6,503$5,152$4,051$3,165$1,409
22 years$7,683$6,070$4,749$3,684$2,837$1,204
23 years$7,272$5,677$4,385$3,355$2,546$1,030
24 years$6,895$5,319$4,055$3,060$2,289$881
25 years$6,549$4,992$3,756$2,794$2,059$755
26 years$6,229$4,691$3,483$2,555$1,855$647
27 years$5,934$4,415$3,235$2,339$1,673$555
28 years$5,661$4,160$3,007$2,143$1,509$476
29 years$5,407$3,925$2,798$1,965$1,363$408
30 years$5,170$3,707$2,606$1,803$1,231$351
31 years$4,949$3,504$2,430$1,656$1,113$301
32 years$4,743$3,315$2,267$1,522$1,007$258
33 years$4,549$3,140$2,117$1,400$911$222
34 years$4,367$2,976$1,978$1,288$825$191
35 years$4,195$2,822$1,849$1,185$747$164
36 years$4,034$2,679$1,730$1,092$677$141
37 years$3,882$2,544$1,619$1,006$614$121
38 years$3,738$2,418$1,516$927$556$104
39 years$3,602$2,299$1,421$855$505$89
40 years$3,473$2,188$1,331$789$458$77
41 years$3,350$2,082$1,248$728$415$66
42 years$3,234$1,983$1,171$671$377$57
43 years$3,123$1,890$1,099$620$342$49
44 years$3,018$1,801$1,032$572$310$42
45 years$2,918$1,718$969$529$282$36
46 years$2,822$1,639$910$488$256$31
47 years$2,731$1,564$855$451$232$27
48 years$2,643$1,493$803$417$211$23
49 years$2,560$1,425$755$385$192$20
50 years$2,480$1,362$710$356$174$17

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 $2,747 every year, while hoping to spend $44,763 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: 55/34/11 Blend
44$2,540,000$2,540,000$2,540,000$2,540,000
45$2,801,914$2,667,294$2,627,924$2,948,096
46$3,040,081$2,750,363$2,668,331$3,130,528
47$3,301,042$2,836,003$2,708,593$3,323,932
48$3,587,073$2,924,292$2,748,655$3,533,458
49$3,900,683$3,015,311$2,788,464$3,760,647
50$4,244,634$3,109,143$2,827,959$4,007,198
51$4,621,970$3,205,875$2,867,079$4,274,979
52$5,036,043$3,305,594$2,905,758$4,566,045
53$5,490,544$3,408,393$2,943,925$4,882,660
54$5,989,540$3,514,364$2,981,507$5,227,312
55$6,537,510$3,623,606$3,018,426$5,602,743
56$7,139,391$3,736,217$3,054,597$6,011,971
57$7,800,617$3,852,300$3,089,935$6,458,316
58$8,527,178$3,971,961$3,124,346$6,945,436
59$9,325,672$4,095,309$3,157,733$7,477,359
60$10,203,367$4,222,456$3,189,994$8,058,517
61$11,168,271$4,353,516$3,221,019$8,693,793
62$12,229,206$4,488,610$3,250,694$9,388,565
63$13,395,892$4,627,859$3,278,900$10,148,753
64$14,679,039$4,771,390$3,305,508$10,980,879
65$16,090,444$4,919,331$3,330,386$11,892,125
66$17,643,109$5,071,818$3,353,393$12,890,403
67$19,351,355$5,228,986$3,374,381$13,984,426
68$21,230,965$5,390,978$3,393,195$15,183,793
69$23,299,327$5,557,940$3,409,671$16,499,076
70$25,575,600$5,730,021$3,423,637$17,941,921
71$28,080,896$5,907,376$3,434,912$19,525,159
72$30,838,473$6,090,163$3,443,308$21,262,923
73$33,873,963$6,278,547$3,448,625$23,170,784
74$37,215,608$6,472,696$3,450,654$25,265,896
75$40,894,524$6,672,783$3,449,175$27,567,155
76$44,945,002$6,878,986$3,443,960$30,095,383
77$49,404,825$7,091,489$3,434,765$32,873,519
78$54,315,627$7,310,481$3,421,338$35,926,835
79$59,723,282$7,536,156$3,403,415$39,283,176
80$65,678,343$7,768,714$3,380,716$42,973,221
81$72,236,514$8,008,361$3,352,950$47,030,773
82$79,459,176$8,255,308$3,319,811$51,493,078
83$87,413,968$8,509,774$3,280,981$56,401,171
84$96,175,422$8,771,983$3,236,123$61,800,269
85$105,825,669$9,042,164$3,184,887$67,740,194
86$116,455,213$9,320,555$3,126,906$74,275,845
87$128,163,783$9,607,400$3,061,795$81,467,709
88$141,061,276$9,902,950$2,989,153$89,382,442
89$155,268,794$10,207,463$2,908,558$98,093,485
90$170,919,786$10,521,204$2,819,570$107,681,769
91$188,161,307$10,844,446$2,721,728$118,236,468
92$207,155,406$11,177,469$2,614,551$129,855,846
93$228,080,655$11,520,562$2,497,536$142,648,182
94$251,133,834$11,874,022$2,370,156$156,732,790
95$276,531,789$12,238,153$2,231,860$172,241,148
96$304,513,478$12,613,269$2,082,074$189,318,134
97$335,342,226$12,999,693$1,920,197$208,123,398
98$369,308,210$13,397,755$1,745,601$228,832,863
99$406,731,199$13,807,796$1,557,629$251,640,387
100$447,963,569$14,230,166$1,355,598$276,759,595