Can I retire at age 45 with 2,620,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$216,357$214,430$212,550$210,714$208,922$203,872
2 years$107,108$105,113$103,179$101,305$99,487$94,429
3 years$70,696$68,692$66,764$64,907$63,119$58,211
4 years$52,493$50,496$48,587$46,762$45,017$40,298
5 years$41,575$39,590$37,706$35,918$34,221$29,704
6 years$34,298$32,328$30,472$28,724$27,078$22,767
7 years$29,103$27,149$25,322$23,615$22,022$17,917
8 years$25,208$23,272$21,475$19,810$18,269$14,369
9 years$22,180$20,262$18,497$16,874$15,385$11,687
10 years$19,759$17,860$16,126$14,546$13,109$9,609
11 years$17,780$15,900$14,197$12,659$11,274$7,967
12 years$16,132$14,271$12,599$11,104$9,770$6,649
13 years$14,738$12,897$11,257$9,803$8,520$5,580
14 years$13,544$11,723$10,114$8,702$7,468$4,704
15 years$12,511$10,709$9,132$7,761$6,576$3,979
16 years$11,608$9,825$8,279$6,949$5,812$3,376
17 years$10,811$9,049$7,534$6,243$5,153$2,872
18 years$10,104$8,361$6,877$5,627$4,582$2,448
19 years$9,472$7,749$6,296$5,084$4,084$2,091
20 years$8,905$7,201$5,778$4,605$3,648$1,788
21 years$8,391$6,707$5,315$4,179$3,264$1,531
22 years$7,925$6,261$4,898$3,800$2,926$1,313
23 years$7,501$5,856$4,523$3,460$2,627$1,126
24 years$7,112$5,487$4,183$3,156$2,361$967
25 years$6,755$5,149$3,874$2,882$2,124$831
26 years$6,426$4,839$3,593$2,635$1,914$715
27 years$6,121$4,554$3,336$2,412$1,725$615
28 years$5,839$4,291$3,102$2,210$1,557$529
29 years$5,577$4,048$2,886$2,027$1,406$455
30 years$5,333$3,823$2,689$1,860$1,270$392
31 years$5,105$3,614$2,506$1,708$1,148$338
32 years$4,892$3,420$2,339$1,570$1,039$291
33 years$4,692$3,239$2,184$1,444$940$251
34 years$4,504$3,070$2,040$1,328$851$216
35 years$4,328$2,911$1,907$1,223$771$186
36 years$4,161$2,763$1,784$1,126$698$161
37 years$4,004$2,625$1,670$1,038$633$139
38 years$3,856$2,494$1,564$956$574$119
39 years$3,715$2,372$1,465$882$520$103
40 years$3,582$2,257$1,373$813$472$89
41 years$3,456$2,148$1,288$750$428$77
42 years$3,336$2,046$1,208$693$389$66
43 years$3,222$1,949$1,134$639$353$57
44 years$3,113$1,858$1,064$590$320$49
45 years$3,009$1,772$999$545$291$42
46 years$2,911$1,690$938$504$264$37
47 years$2,817$1,613$882$465$240$32
48 years$2,726$1,540$828$430$218$27
49 years$2,640$1,470$779$397$198$23
50 years$2,558$1,405$732$367$180$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,620,000, adding $5,009 every year, while hoping to spend $53,399 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: 69/13/18 Blend
44$2,620,000$2,620,000$2,620,000$2,620,000
45$2,892,407$2,753,547$2,712,937$3,079,089
46$3,130,616$2,831,654$2,747,004$3,282,339
47$3,391,333$2,911,800$2,780,423$3,497,877
48$3,676,797$2,994,026$2,813,115$3,732,386
49$3,989,474$3,078,377$2,844,998$3,987,732
50$4,332,080$3,164,897$2,875,985$4,265,968
51$4,707,606$3,253,631$2,905,984$4,569,360
52$5,119,346$3,344,622$2,934,899$4,900,399
53$5,570,927$3,437,917$2,962,626$5,261,831
54$6,066,346$3,533,559$2,989,058$5,656,681
55$6,610,003$3,631,594$3,014,082$6,088,282
56$7,206,748$3,732,066$3,037,578$6,560,303
57$7,861,921$3,835,022$3,059,421$7,076,789
58$8,581,403$3,940,505$3,079,478$7,642,193
59$9,371,677$4,048,559$3,097,611$8,261,425
60$10,239,879$4,159,230$3,113,673$8,939,891
61$11,193,876$4,272,562$3,127,509$9,683,548
62$12,242,330$4,388,596$3,138,960$10,498,962
63$13,394,787$4,507,377$3,147,855$11,393,363
64$14,661,763$4,628,945$3,154,015$12,374,721
65$16,054,842$4,753,343$3,157,254$13,451,816
66$17,586,789$4,880,610$3,157,375$14,634,323
67$19,271,667$5,010,785$3,154,173$15,932,903
68$21,124,970$5,143,907$3,147,430$17,359,300
69$23,163,768$5,280,010$3,136,921$18,926,461
70$25,406,872$5,419,130$3,122,407$20,648,646
71$27,875,005$5,561,299$3,103,640$22,541,573
72$30,591,002$5,706,549$3,080,358$24,622,561
73$33,580,021$5,854,907$3,052,287$26,910,693
74$36,869,786$6,006,400$3,019,141$29,427,000
75$40,490,842$6,161,052$2,980,620$32,194,655
76$44,476,846$6,318,881$2,936,409$35,239,196
77$48,864,885$6,479,907$2,886,179$38,588,763
78$53,695,822$6,644,142$2,829,586$42,274,368
79$59,014,687$6,811,596$2,766,268$46,330,182
80$64,871,096$6,982,275$2,695,849$50,793,866
81$71,319,722$7,156,180$2,617,933$55,706,918
82$78,420,807$7,333,307$2,532,108$61,115,069
83$86,240,738$7,513,647$2,437,942$67,068,716
84$94,852,663$7,697,185$2,334,983$73,623,394
85$104,337,189$7,883,902$2,222,759$80,840,304
86$114,783,137$8,073,768$2,100,776$88,786,891
87$126,288,384$8,266,749$1,968,519$97,537,476
88$138,960,783$8,462,804$1,825,449$107,173,964
89$152,919,183$8,661,882$1,671,001$117,786,613
90$168,294,549$8,863,923$1,504,589$129,474,890
91$185,231,196$9,068,858$1,325,596$142,348,407
92$203,888,155$9,276,610$1,133,381$156,527,957
93$224,440,671$9,487,087$927,273$172,146,657
94$247,081,855$9,700,190$706,572$189,351,200
95$272,024,509$9,915,804$470,547$208,303,248
96$299,503,133$10,133,803$218,434$229,180,949
97$329,776,139$10,354,045$0$252,180,629
98$363,128,288$10,576,376$0$277,528,360
99$399,873,377$10,800,623$0$305,498,245
100$440,357,205$11,026,597$0$336,311,198