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%16.5%
1 years$218,009$216,067$214,172$212,323$210,517$204,929
2 years$107,925$105,915$103,967$102,078$100,246$94,656
3 years$71,235$69,217$67,274$65,403$63,600$58,182
4 years$52,894$50,882$48,958$47,119$45,360$40,156
5 years$41,892$39,892$37,993$36,192$34,482$29,506
6 years$34,560$32,575$30,704$28,943$27,285$22,541
7 years$29,325$27,356$25,515$23,796$22,190$17,679
8 years$25,400$23,449$21,639$19,961$18,408$14,129
9 years$22,349$20,417$18,638$17,003$15,503$11,450
10 years$19,910$17,996$16,249$14,657$13,209$9,379
11 years$17,916$16,021$14,305$12,756$11,360$7,746
12 years$16,255$14,380$12,695$11,188$9,844$6,440
13 years$14,850$12,995$11,343$9,878$8,585$5,383
14 years$13,648$11,812$10,191$8,768$7,525$4,519
15 years$12,606$10,791$9,201$7,820$6,626$3,807
16 years$11,696$9,900$8,342$7,002$5,856$3,216
17 years$10,894$9,118$7,591$6,291$5,192$2,724
18 years$10,181$8,425$6,930$5,669$4,617$2,312
19 years$9,545$7,808$6,344$5,123$4,115$1,965
20 years$8,973$7,256$5,822$4,640$3,676$1,673
21 years$8,455$6,759$5,355$4,211$3,289$1,426
22 years$7,986$6,309$4,936$3,829$2,948$1,217
23 years$7,558$5,901$4,557$3,487$2,647$1,039
24 years$7,166$5,528$4,215$3,180$2,379$888
25 years$6,806$5,188$3,904$2,904$2,141$760
26 years$6,475$4,876$3,620$2,656$1,928$650
27 years$6,168$4,589$3,362$2,431$1,738$556
28 years$5,884$4,324$3,125$2,227$1,569$476
29 years$5,620$4,079$2,908$2,042$1,416$408
30 years$5,374$3,852$2,709$1,874$1,280$350
31 years$5,144$3,642$2,526$1,721$1,157$300
32 years$4,929$3,446$2,356$1,582$1,047$257
33 years$4,728$3,263$2,200$1,455$947$220
34 years$4,539$3,093$2,056$1,339$858$189
35 years$4,361$2,934$1,922$1,232$777$162
36 years$4,193$2,784$1,798$1,135$704$139
37 years$4,035$2,645$1,683$1,046$638$119
38 years$3,885$2,513$1,576$964$578$102
39 years$3,743$2,390$1,476$889$524$88
40 years$3,609$2,274$1,384$820$476$75
41 years$3,482$2,164$1,298$756$432$65
42 years$3,361$2,061$1,217$698$392$55
43 years$3,246$1,964$1,142$644$355$48
44 years$3,137$1,872$1,072$595$323$41
45 years$3,032$1,785$1,007$549$293$35
46 years$2,933$1,703$946$507$266$30
47 years$2,838$1,625$888$469$241$26
48 years$2,747$1,551$835$433$219$22
49 years$2,661$1,482$785$400$199$19
50 years$2,578$1,415$738$370$181$16

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 $2,992 every year, while hoping to spend $54,985 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: 45/26/29 Blend
44$2,640,000$2,640,000$2,640,000$2,640,000
45$2,912,366$2,772,446$2,731,526$3,018,868
46$3,150,924$2,849,793$2,764,529$3,172,365
47$3,411,972$2,929,086$2,796,794$3,333,242
48$3,697,745$3,010,364$2,828,239$3,506,679
49$4,010,707$3,093,663$2,858,777$3,693,883
50$4,353,569$3,179,022$2,888,315$3,896,180
51$4,729,316$3,266,477$2,916,757$4,115,032
52$5,141,237$3,356,066$2,943,999$4,352,050
53$5,592,954$3,447,824$2,969,934$4,609,008
54$6,088,457$3,541,789$2,994,449$4,887,860
55$6,632,140$3,637,996$3,017,423$5,190,759
56$7,228,841$3,736,482$3,038,730$5,520,076
57$7,883,894$3,837,280$3,058,238$5,878,427
58$8,603,169$3,940,425$3,075,807$6,268,691
59$9,393,137$4,045,950$3,091,291$6,694,040
60$10,260,924$4,153,888$3,104,536$7,157,973
61$11,214,380$4,264,271$3,115,380$7,664,342
62$12,262,154$4,377,127$3,123,652$8,217,394
63$13,413,774$4,492,487$3,129,175$8,821,807
64$14,679,737$4,610,377$3,131,761$9,482,740
65$16,071,608$4,730,823$3,131,212$10,205,875
66$17,602,127$4,853,849$3,127,323$10,997,475
67$19,285,333$4,979,476$3,119,877$11,864,443
68$21,136,691$5,107,724$3,108,647$12,814,386
69$23,173,241$5,238,611$3,093,395$13,855,687
70$25,413,759$5,372,150$3,073,871$14,997,586
71$27,878,930$5,508,353$3,049,813$16,250,268
72$30,591,548$5,647,229$3,020,948$17,624,954
73$33,576,724$5,788,782$2,986,989$19,134,014
74$36,862,131$5,933,013$2,947,634$20,791,081
75$40,478,258$6,079,921$2,902,570$22,611,180
76$44,458,700$6,229,496$2,851,465$24,610,869
77$48,840,474$6,381,728$2,793,976$26,808,400
78$53,664,370$6,536,600$2,729,741$29,223,886
79$58,975,330$6,694,089$2,658,383$31,879,498
80$64,822,881$6,854,166$2,579,505$34,799,667
81$71,261,592$7,016,797$2,492,696$38,011,323
82$78,351,594$7,181,940$2,397,521$41,544,145
83$86,159,149$7,349,547$2,293,530$45,430,841
84$94,757,268$7,519,561$2,180,250$49,707,463
85$104,226,407$7,691,917$2,057,186$54,413,743
86$114,655,221$7,866,542$1,923,822$59,593,470
87$126,141,403$8,043,351$1,779,619$65,294,906
88$138,792,602$8,222,251$1,624,012$71,571,240
89$152,727,444$8,403,138$1,456,413$78,481,095
90$168,076,647$8,585,895$1,276,206$86,089,077
91$184,984,255$8,770,394$1,082,749$94,466,392
92$203,608,998$8,956,493$875,371$103,691,513
93$224,125,790$9,144,036$653,370$113,850,928
94$246,727,379$9,332,851$416,016$125,039,956
95$271,626,163$9,522,753$162,544$137,363,645
96$299,056,200$9,713,536$0$150,937,771
97$329,275,411$9,904,978$0$165,923,334
98$362,568,021$10,096,839$0$182,483,393
99$399,247,231$10,288,857$0$200,722,846
100$439,658,185$10,480,747$0$220,812,768