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

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$216,357$214,430$212,550$210,714$208,922$208,042
2 years$107,108$105,113$103,179$101,305$99,487$98,598
3 years$70,696$68,692$66,764$64,907$63,119$62,249
4 years$52,493$50,496$48,587$46,762$45,017$44,173
5 years$41,575$39,590$37,706$35,918$34,221$33,405
6 years$34,298$32,328$30,472$28,724$27,078$26,292
7 years$29,103$27,149$25,322$23,615$22,022$21,265
8 years$25,208$23,272$21,475$19,810$18,269$17,542
9 years$22,180$20,262$18,497$16,874$15,385$14,688
10 years$19,759$17,860$16,126$14,546$13,109$12,441
11 years$17,780$15,900$14,197$12,659$11,274$10,635
12 years$16,132$14,271$12,599$11,104$9,770$9,160
13 years$14,738$12,897$11,257$9,803$8,520$7,937
14 years$13,544$11,723$10,114$8,702$7,468$6,913
15 years$12,511$10,709$9,132$7,761$6,576$6,047
16 years$11,608$9,825$8,279$6,949$5,812$5,309
17 years$10,811$9,049$7,534$6,243$5,153$4,675
18 years$10,104$8,361$6,877$5,627$4,582$4,128
19 years$9,472$7,749$6,296$5,084$4,084$3,654
20 years$8,905$7,201$5,778$4,605$3,648$3,240
21 years$8,391$6,707$5,315$4,179$3,264$2,879
22 years$7,925$6,261$4,898$3,800$2,926$2,562
23 years$7,501$5,856$4,523$3,460$2,627$2,282
24 years$7,112$5,487$4,183$3,156$2,361$2,036
25 years$6,755$5,149$3,874$2,882$2,124$1,818
26 years$6,426$4,839$3,593$2,635$1,914$1,625
27 years$6,121$4,554$3,336$2,412$1,725$1,454
28 years$5,839$4,291$3,102$2,210$1,557$1,302
29 years$5,577$4,048$2,886$2,027$1,406$1,166
30 years$5,333$3,823$2,689$1,860$1,270$1,045
31 years$5,105$3,614$2,506$1,708$1,148$937
32 years$4,892$3,420$2,339$1,570$1,039$841
33 years$4,692$3,239$2,184$1,444$940$755
34 years$4,504$3,070$2,040$1,328$851$678
35 years$4,328$2,911$1,907$1,223$771$609
36 years$4,161$2,763$1,784$1,126$698$547
37 years$4,004$2,625$1,670$1,038$633$492
38 years$3,856$2,494$1,564$956$574$442
39 years$3,715$2,372$1,465$882$520$398
40 years$3,582$2,257$1,373$813$472$358
41 years$3,456$2,148$1,288$750$428$322
42 years$3,336$2,046$1,208$693$389$289
43 years$3,222$1,949$1,134$639$353$260
44 years$3,113$1,858$1,064$590$320$234
45 years$3,009$1,772$999$545$291$211
46 years$2,911$1,690$938$504$264$190
47 years$2,817$1,613$882$465$240$171
48 years$2,726$1,540$828$430$218$154
49 years$2,640$1,470$779$397$198$138
50 years$2,558$1,405$732$367$180$125

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 $6,427 every year, while hoping to spend $26,956 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: 58/12/30 Blend
44$2,620,000$2,620,000$2,620,000$2,620,000
45$2,893,869$2,755,009$2,714,399$3,037,548
46$3,160,363$2,861,324$2,776,651$3,243,215
47$3,453,136$2,971,944$2,840,084$3,464,004
48$3,774,839$3,087,053$2,904,711$3,704,222
49$4,128,395$3,206,841$2,970,541$3,965,762
50$4,517,022$3,331,507$3,037,585$4,250,712
51$4,944,267$3,461,259$3,105,852$4,561,365
52$5,414,035$3,596,314$3,175,351$4,900,250
53$5,930,632$3,736,898$3,246,090$5,270,149
54$6,498,798$3,883,249$3,318,077$5,674,125
55$7,123,760$4,035,612$3,391,317$6,115,550
56$7,811,274$4,194,248$3,465,816$6,598,139
57$8,567,682$4,359,424$3,541,579$7,125,980
58$9,399,973$4,531,423$3,618,609$7,703,577
59$10,315,847$4,710,539$3,696,909$8,335,889
60$11,323,788$4,897,080$3,776,480$9,028,379
61$12,433,144$5,091,367$3,857,322$9,787,062
62$13,654,216$5,293,735$3,939,434$10,618,563
63$14,998,353$5,504,536$4,022,812$11,530,180
64$16,478,062$5,724,135$4,107,453$12,529,952
65$18,107,122$5,952,915$4,193,351$13,626,732
66$19,900,718$6,191,277$4,280,497$14,830,273
67$21,875,580$6,439,639$4,368,883$16,151,320
68$24,050,146$6,698,438$4,458,497$17,601,708
69$26,444,730$6,968,130$4,549,325$19,194,475
70$29,081,717$7,249,194$4,641,353$20,943,984
71$31,985,776$7,542,127$4,734,562$22,866,059
72$35,184,087$7,847,453$4,828,931$24,978,132
73$38,706,602$8,165,717$4,924,439$27,299,410
74$42,586,326$8,497,488$5,021,058$29,851,051
75$46,859,629$8,843,363$5,118,762$32,656,369
76$51,566,589$9,203,965$5,217,517$35,741,048
77$56,751,367$9,579,945$5,317,291$39,133,386
78$62,462,630$9,971,986$5,418,043$42,864,563
79$68,754,004$10,380,800$5,519,734$46,968,931
80$75,684,585$10,807,131$5,622,317$51,484,342
81$83,319,491$11,251,759$5,725,743$56,452,501
82$91,730,483$11,715,498$5,829,959$61,919,359
83$100,996,636$12,199,202$5,934,907$67,935,548
84$111,205,091$12,703,761$6,040,524$74,556,859
85$122,451,873$13,230,108$6,146,744$81,844,762
86$134,842,797$13,779,217$6,253,494$89,866,992
87$148,494,473$14,352,109$6,360,696$98,698,186
88$163,535,397$14,949,850$6,468,268$108,420,581
89$180,107,172$15,573,557$6,576,119$119,124,798
90$198,365,840$16,224,398$6,684,155$130,910,690
91$218,483,355$16,903,593$6,792,274$143,888,286
92$240,649,210$17,612,421$6,900,367$158,178,829
93$265,072,218$18,352,219$7,008,319$173,915,918
94$291,982,493$19,124,386$7,116,006$191,246,769
95$321,633,612$19,930,386$7,223,297$210,333,604
96$354,305,016$20,771,750$7,330,053$231,355,179
97$390,304,644$21,650,082$7,436,126$254,508,473
98$429,971,840$22,567,058$7,541,358$280,010,544
99$473,680,557$23,524,434$7,645,584$308,100,578
100$521,842,889$24,524,046$7,748,626$339,042,145