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%12.1%
1 years$216,357$214,430$212,550$210,714$208,922$207,086
2 years$107,108$105,113$103,179$101,305$99,487$97,636
3 years$70,696$68,692$66,764$64,907$63,119$61,311
4 years$52,493$50,496$48,587$46,762$45,017$43,266
5 years$41,575$39,590$37,706$35,918$34,221$32,533
6 years$34,298$32,328$30,472$28,724$27,078$25,454
7 years$29,103$27,149$25,322$23,615$22,022$20,463
8 years$25,208$23,272$21,475$19,810$18,269$16,775
9 years$22,180$20,262$18,497$16,874$15,385$13,956
10 years$19,759$17,860$16,126$14,546$13,109$11,744
11 years$17,780$15,900$14,197$12,659$11,274$9,972
12 years$16,132$14,271$12,599$11,104$9,770$8,529
13 years$14,738$12,897$11,257$9,803$8,520$7,339
14 years$13,544$11,723$10,114$8,702$7,468$6,346
15 years$12,511$10,709$9,132$7,761$6,576$5,510
16 years$11,608$9,825$8,279$6,949$5,812$4,802
17 years$10,811$9,049$7,534$6,243$5,153$4,197
18 years$10,104$8,361$6,877$5,627$4,582$3,677
19 years$9,472$7,749$6,296$5,084$4,084$3,229
20 years$8,905$7,201$5,778$4,605$3,648$2,841
21 years$8,391$6,707$5,315$4,179$3,264$2,504
22 years$7,925$6,261$4,898$3,800$2,926$2,210
23 years$7,501$5,856$4,523$3,460$2,627$1,953
24 years$7,112$5,487$4,183$3,156$2,361$1,727
25 years$6,755$5,149$3,874$2,882$2,124$1,529
26 years$6,426$4,839$3,593$2,635$1,914$1,355
27 years$6,121$4,554$3,336$2,412$1,725$1,202
28 years$5,839$4,291$3,102$2,210$1,557$1,067
29 years$5,577$4,048$2,886$2,027$1,406$947
30 years$5,333$3,823$2,689$1,860$1,270$842
31 years$5,105$3,614$2,506$1,708$1,148$748
32 years$4,892$3,420$2,339$1,570$1,039$665
33 years$4,692$3,239$2,184$1,444$940$592
34 years$4,504$3,070$2,040$1,328$851$526
35 years$4,328$2,911$1,907$1,223$771$469
36 years$4,161$2,763$1,784$1,126$698$417
37 years$4,004$2,625$1,670$1,038$633$371
38 years$3,856$2,494$1,564$956$574$331
39 years$3,715$2,372$1,465$882$520$295
40 years$3,582$2,257$1,373$813$472$263
41 years$3,456$2,148$1,288$750$428$234
42 years$3,336$2,046$1,208$693$389$208
43 years$3,222$1,949$1,134$639$353$186
44 years$3,113$1,858$1,064$590$320$166
45 years$3,009$1,772$999$545$291$148
46 years$2,911$1,690$938$504$264$132
47 years$2,817$1,613$882$465$240$117
48 years$2,726$1,540$828$430$218$105
49 years$2,640$1,470$779$397$198$93
50 years$2,558$1,405$732$367$180$83

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 $2,206 every year, while hoping to spend $29,080 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: 39/31/30 Blend
44$2,620,000$2,620,000$2,620,000$2,620,000
45$2,889,515$2,750,655$2,710,045$2,976,443
46$3,153,305$2,854,497$2,769,891$3,144,298
47$3,443,027$2,962,452$2,830,767$3,322,858
48$3,761,295$3,074,691$2,892,677$3,515,403
49$4,110,989$3,191,393$2,955,624$3,723,229
50$4,495,282$3,312,743$3,019,609$3,947,761
51$4,917,670$3,438,937$3,084,635$4,190,565
52$5,382,003$3,570,176$3,150,702$4,453,361
53$5,892,525$3,706,671$3,217,807$4,738,042
54$6,453,908$3,848,644$3,285,950$5,046,688
55$7,071,304$3,996,325$3,355,126$5,381,586
56$7,750,385$4,149,953$3,425,331$5,745,251
57$8,497,404$4,309,780$3,496,559$6,140,450
58$9,319,248$4,476,068$3,568,802$6,570,225
59$10,223,505$4,649,090$3,642,052$7,037,925
60$11,218,539$4,829,131$3,716,296$7,547,232
61$12,313,561$5,016,490$3,791,524$8,102,200
62$13,518,723$5,211,477$3,867,719$8,707,288
63$14,845,212$5,414,418$3,944,866$9,367,404
64$16,305,350$5,625,652$4,022,946$10,087,949
65$17,912,720$5,845,533$4,101,939$10,874,870
66$19,682,284$6,074,431$4,181,821$11,734,711
67$21,630,532$6,312,732$4,262,566$12,674,675
68$23,775,632$6,560,841$4,344,147$13,702,694
69$26,137,603$6,819,180$4,426,533$14,827,500
70$28,738,506$7,088,187$4,509,690$16,058,707
71$31,602,650$7,368,325$4,593,581$17,406,901
72$34,756,821$7,660,073$4,678,166$18,883,737
73$38,230,534$7,963,934$4,763,402$20,502,051
74$42,056,314$8,280,432$4,849,241$22,275,978
75$46,270,000$8,610,116$4,935,634$24,221,083
76$50,911,087$8,953,558$5,022,524$26,354,509
77$56,023,094$9,311,358$5,109,855$28,695,138
78$61,653,976$9,684,142$5,197,561$31,263,763
79$67,856,579$10,072,562$5,285,577$34,083,288
80$74,689,135$10,477,302$5,373,828$37,178,940
81$82,215,814$10,899,077$5,462,239$40,578,507
82$90,507,328$11,338,633$5,550,725$44,312,596
83$99,641,600$11,796,751$5,639,199$48,414,924
84$109,704,498$12,274,246$5,727,567$52,922,631
85$120,790,643$12,771,971$5,815,727$57,876,630
86$133,004,309$13,290,818$5,903,574$63,321,992
87$146,460,399$13,831,718$5,990,994$69,308,369
88$161,285,534$14,395,647$6,077,867$75,890,461
89$177,619,247$14,983,622$6,164,064$83,128,526
90$195,615,301$15,596,710$6,249,450$91,088,955
91$215,443,136$16,236,024$6,333,882$99,844,887
92$237,289,477$16,902,729$6,417,208$109,476,903
93$261,360,084$17,598,044$6,499,265$120,073,784
94$287,881,707$18,323,242$6,579,885$131,733,343
95$317,104,216$19,079,656$6,658,886$144,563,347
96$349,302,967$19,868,680$6,736,079$158,682,532
97$384,781,395$20,691,771$6,811,263$174,221,721
98$423,873,882$21,550,453$6,884,226$191,325,055
99$466,948,914$22,446,321$6,954,743$210,151,352
100$514,412,556$23,381,043$7,022,580$230,875,599