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%14.6%
1 years$218,009$216,067$214,172$212,323$210,517$206,520
2 years$107,925$105,915$103,967$102,078$100,246$96,235
3 years$71,235$69,217$67,274$65,403$63,600$59,700
4 years$52,894$50,882$48,958$47,119$45,360$41,600
5 years$41,892$39,892$37,993$36,192$34,482$30,874
6 years$34,560$32,575$30,704$28,943$27,285$23,832
7 years$29,325$27,356$25,515$23,796$22,190$18,893
8 years$25,400$23,449$21,639$19,961$18,408$15,267
9 years$22,349$20,417$18,638$17,003$15,503$12,515
10 years$19,910$17,996$16,249$14,657$13,209$10,372
11 years$17,916$16,021$14,305$12,756$11,360$8,671
12 years$16,255$14,380$12,695$11,188$9,844$7,299
13 years$14,850$12,995$11,343$9,878$8,585$6,178
14 years$13,648$11,812$10,191$8,768$7,525$5,254
15 years$12,606$10,791$9,201$7,820$6,626$4,485
16 years$11,696$9,900$8,342$7,002$5,856$3,841
17 years$10,894$9,118$7,591$6,291$5,192$3,298
18 years$10,181$8,425$6,930$5,669$4,617$2,838
19 years$9,545$7,808$6,344$5,123$4,115$2,447
20 years$8,973$7,256$5,822$4,640$3,676$2,114
21 years$8,455$6,759$5,355$4,211$3,289$1,828
22 years$7,986$6,309$4,936$3,829$2,948$1,583
23 years$7,558$5,901$4,557$3,487$2,647$1,372
24 years$7,166$5,528$4,215$3,180$2,379$1,190
25 years$6,806$5,188$3,904$2,904$2,141$1,034
26 years$6,475$4,876$3,620$2,656$1,928$898
27 years$6,168$4,589$3,362$2,431$1,738$781
28 years$5,884$4,324$3,125$2,227$1,569$679
29 years$5,620$4,079$2,908$2,042$1,416$591
30 years$5,374$3,852$2,709$1,874$1,280$514
31 years$5,144$3,642$2,526$1,721$1,157$448
32 years$4,929$3,446$2,356$1,582$1,047$390
33 years$4,728$3,263$2,200$1,455$947$340
34 years$4,539$3,093$2,056$1,339$858$296
35 years$4,361$2,934$1,922$1,232$777$258
36 years$4,193$2,784$1,798$1,135$704$225
37 years$4,035$2,645$1,683$1,046$638$196
38 years$3,885$2,513$1,576$964$578$171
39 years$3,743$2,390$1,476$889$524$149
40 years$3,609$2,274$1,384$820$476$130
41 years$3,482$2,164$1,298$756$432$113
42 years$3,361$2,061$1,217$698$392$99
43 years$3,246$1,964$1,142$644$355$86
44 years$3,137$1,872$1,072$595$323$75
45 years$3,032$1,785$1,007$549$293$66
46 years$2,933$1,703$946$507$266$57
47 years$2,838$1,625$888$469$241$50
48 years$2,747$1,551$835$433$219$44
49 years$2,661$1,482$785$400$199$38
50 years$2,578$1,415$738$370$181$33

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 $2,357 every year, while hoping to spend $33,228 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: 68/18/14 Blend
44$2,640,000$2,640,000$2,640,000$2,640,000
45$2,911,711$2,771,791$2,730,871$3,100,218
46$3,173,351$2,872,255$2,787,001$3,326,503
47$3,460,565$2,976,527$2,843,898$3,569,743
48$3,775,926$3,084,760$2,901,551$3,834,935
49$4,122,269$3,197,112$2,959,952$4,124,233
50$4,502,717$3,313,746$3,019,086$4,440,006
51$4,920,709$3,434,835$3,078,941$4,784,861
52$5,380,036$3,560,557$3,139,500$5,161,672
53$5,884,873$3,691,098$3,200,747$5,573,598
54$6,439,820$3,826,651$3,262,662$6,024,121
55$7,049,944$3,967,420$3,325,223$6,517,074
56$7,720,829$4,113,614$3,388,409$7,056,677
57$8,458,625$4,265,452$3,452,192$7,647,577
58$9,270,110$4,423,165$3,516,546$8,294,891
59$10,162,750$4,586,989$3,581,439$9,004,257
60$11,144,774$4,757,174$3,646,840$9,781,881
61$12,225,244$4,933,979$3,712,713$10,634,601
62$13,414,149$5,117,674$3,779,019$11,569,945
63$14,722,494$5,308,542$3,845,717$12,596,207
64$16,162,402$5,506,874$3,912,763$13,722,523
65$17,747,235$5,712,979$3,980,108$14,958,956
66$19,491,713$5,927,175$4,047,702$16,316,589
67$21,412,058$6,149,797$4,115,490$17,807,634
68$23,526,141$6,381,190$4,183,412$19,445,540
69$25,853,658$6,621,719$4,251,407$21,245,125
70$28,416,308$6,871,760$4,319,406$23,222,713
71$31,238,005$7,131,710$4,387,340$25,396,287
72$34,345,096$7,401,979$4,455,131$27,785,658
73$37,766,617$7,682,996$4,522,698$30,412,653
74$41,534,560$7,975,211$4,589,957$33,301,320
75$45,684,179$8,279,090$4,656,814$36,478,150
76$50,254,321$8,595,122$4,723,174$39,972,334
77$55,287,794$8,923,815$4,788,932$43,816,030
78$60,831,769$9,265,702$4,853,981$48,044,671
79$66,938,225$9,621,337$4,918,205$52,697,297
80$73,664,440$9,991,299$4,981,481$57,816,923
81$81,073,533$10,376,192$5,043,680$63,450,940
82$89,235,055$10,776,647$5,104,666$69,651,570
83$98,225,652$11,193,324$5,164,293$76,476,349
84$108,129,780$11,626,909$5,222,409$83,988,676
85$119,040,511$12,078,121$5,278,853$92,258,406
86$131,060,404$12,547,709$5,333,455$101,362,510
87$144,302,475$13,036,457$5,386,036$111,385,801
88$158,891,265$13,545,181$5,436,406$122,421,731
89$174,964,015$14,074,736$5,484,366$134,573,277
90$192,671,960$14,626,013$5,529,708$147,953,905
91$212,181,756$15,199,944$5,572,209$162,688,646
92$233,677,054$15,797,500$5,611,637$178,915,271
93$257,360,235$16,419,699$5,647,749$196,785,592
94$283,454,317$17,067,602$5,680,285$216,466,894
95$312,205,059$17,742,317$5,708,977$238,143,511
96$343,883,287$18,445,002$5,733,540$262,018,565
97$378,787,444$19,176,868$5,753,675$288,315,883
98$417,246,408$19,939,180$5,769,068$317,282,109
99$459,622,601$20,733,259$5,779,391$349,189,026
100$506,315,402$21,560,484$5,784,296$384,336,128