Can I retire at age 45 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$218,009$216,067$214,172$212,323$210,517$206,267
2 years$107,925$105,915$103,967$102,078$100,246$95,983
3 years$71,235$69,217$67,274$65,403$63,600$59,457
4 years$52,894$50,882$48,958$47,119$45,360$41,368
5 years$41,892$39,892$37,993$36,192$34,482$30,653
6 years$34,560$32,575$30,704$28,943$27,285$23,623
7 years$29,325$27,356$25,515$23,796$22,190$18,696
8 years$25,400$23,449$21,639$19,961$18,408$15,082
9 years$22,349$20,417$18,638$17,003$15,503$12,341
10 years$19,910$17,996$16,249$14,657$13,209$10,209
11 years$17,916$16,021$14,305$12,756$11,360$8,518
12 years$16,255$14,380$12,695$11,188$9,844$7,156
13 years$14,850$12,995$11,343$9,878$8,585$6,046
14 years$13,648$11,812$10,191$8,768$7,525$5,131
15 years$12,606$10,791$9,201$7,820$6,626$4,371
16 years$11,696$9,900$8,342$7,002$5,856$3,735
17 years$10,894$9,118$7,591$6,291$5,192$3,200
18 years$10,181$8,425$6,930$5,669$4,617$2,748
19 years$9,545$7,808$6,344$5,123$4,115$2,364
20 years$8,973$7,256$5,822$4,640$3,676$2,037
21 years$8,455$6,759$5,355$4,211$3,289$1,758
22 years$7,986$6,309$4,936$3,829$2,948$1,519
23 years$7,558$5,901$4,557$3,487$2,647$1,314
24 years$7,166$5,528$4,215$3,180$2,379$1,137
25 years$6,806$5,188$3,904$2,904$2,141$985
26 years$6,475$4,876$3,620$2,656$1,928$853
27 years$6,168$4,589$3,362$2,431$1,738$740
28 years$5,884$4,324$3,125$2,227$1,569$642
29 years$5,620$4,079$2,908$2,042$1,416$557
30 years$5,374$3,852$2,709$1,874$1,280$484
31 years$5,144$3,642$2,526$1,721$1,157$420
32 years$4,929$3,446$2,356$1,582$1,047$365
33 years$4,728$3,263$2,200$1,455$947$317
34 years$4,539$3,093$2,056$1,339$858$276
35 years$4,361$2,934$1,922$1,232$777$240
36 years$4,193$2,784$1,798$1,135$704$208
37 years$4,035$2,645$1,683$1,046$638$181
38 years$3,885$2,513$1,576$964$578$158
39 years$3,743$2,390$1,476$889$524$137
40 years$3,609$2,274$1,384$820$476$119
41 years$3,482$2,164$1,298$756$432$104
42 years$3,361$2,061$1,217$698$392$90
43 years$3,246$1,964$1,142$644$355$79
44 years$3,137$1,872$1,072$595$323$68
45 years$3,032$1,785$1,007$549$293$59
46 years$2,933$1,703$946$507$266$52
47 years$2,838$1,625$888$469$241$45
48 years$2,747$1,551$835$433$219$39
49 years$2,661$1,482$785$400$199$34
50 years$2,578$1,415$738$370$181$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,640,000, adding $5,768 every year, while hoping to spend $32,965 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: 85/9/6 Blend
44$2,640,000$2,640,000$2,640,000$2,640,000
45$2,915,230$2,775,310$2,734,390$3,161,718
46$3,177,509$2,876,225$2,790,917$3,424,248
47$3,465,435$2,980,981$2,848,234$3,707,496
48$3,781,591$3,089,730$2,906,330$4,017,614
49$4,128,818$3,202,632$2,965,198$4,357,281
50$4,510,251$3,319,854$3,024,825$4,729,446
51$4,929,338$3,441,569$3,085,199$5,137,357
52$5,389,883$3,567,958$3,146,305$5,584,590
53$5,896,072$3,699,209$3,208,127$6,075,087
54$6,452,519$3,835,519$3,270,648$6,613,185
55$7,064,309$3,977,091$3,333,847$7,203,665
56$7,737,040$4,124,141$3,397,703$7,851,791
57$8,476,883$4,276,889$3,462,191$8,563,362
58$9,290,637$4,435,568$3,527,285$9,344,767
59$10,185,790$4,600,419$3,592,958$10,203,042
60$11,170,595$4,771,694$3,659,176$11,145,940
61$12,254,145$4,949,656$3,725,908$12,181,999
62$13,446,458$5,134,579$3,793,116$13,320,628
63$14,758,571$5,326,748$3,860,760$14,572,192
64$16,202,649$5,526,462$3,928,799$15,948,107
65$17,792,091$5,734,031$3,997,186$17,460,955
66$19,541,665$5,949,779$4,065,872$19,124,595
67$21,467,642$6,174,045$4,134,805$20,954,295
68$23,587,948$6,407,180$4,203,928$22,966,880
69$25,922,340$6,649,553$4,273,181$25,180,886
70$28,492,585$6,901,548$4,342,499$27,616,734
71$31,322,670$7,163,565$4,411,814$30,296,926
72$34,439,024$7,436,021$4,481,052$33,246,254
73$37,870,772$7,719,353$4,550,134$36,492,036
74$41,650,005$8,014,016$4,618,978$40,064,369
75$45,812,087$8,320,485$4,687,496$43,996,420
76$50,395,986$8,639,255$4,755,593$48,324,728
77$55,444,641$8,970,843$4,823,169$53,089,560
78$61,005,369$9,315,789$4,890,120$58,335,281
79$67,130,311$9,674,656$4,956,333$64,110,778
80$73,876,922$10,048,034$5,021,690$70,469,918
81$81,308,516$10,436,536$5,086,065$77,472,058
82$89,494,862$10,840,803$5,149,325$85,182,602
83$98,512,840$11,261,504$5,211,329$93,673,620
84$108,447,171$11,699,340$5,271,931$103,024,526
85$119,391,214$12,155,039$5,330,972$113,322,829
86$131,447,846$12,629,363$5,388,287$124,664,956
87$144,730,434$13,123,110$5,443,702$137,157,163
88$159,363,906$13,637,110$5,497,034$150,916,537
89$175,485,927$14,172,231$5,548,088$166,072,099
90$193,248,202$14,729,381$5,596,659$182,766,025
91$212,817,904$15,309,506$5,642,533$201,154,982
92$234,379,256$15,913,597$5,685,482$221,411,611
93$258,135,263$16,542,687$5,725,270$243,726,151
94$284,309,637$17,197,856$5,761,643$268,308,239
95$313,148,902$17,880,232$5,794,340$295,388,885
96$344,924,721$18,590,995$5,823,081$325,222,650
97$379,936,465$19,331,376$5,847,577$358,090,054
98$418,514,033$20,102,662$5,867,520$394,300,217
99$461,020,971$20,906,199$5,882,588$434,193,778
100$507,857,900$21,743,392$5,892,445$478,146,112