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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$218,009$216,067$214,172$212,323$210,517$202,325
2 years$107,925$105,915$103,967$102,078$100,246$92,091
3 years$71,235$69,217$67,274$65,403$63,600$55,740
4 years$52,894$50,882$48,958$47,119$45,360$37,854
5 years$41,892$39,892$37,993$36,192$34,482$27,349
6 years$34,560$32,575$30,704$28,943$27,285$20,530
7 years$29,325$27,356$25,515$23,796$22,190$15,811
8 years$25,400$23,449$21,639$19,961$18,408$12,399
9 years$22,349$20,417$18,638$17,003$15,503$9,854
10 years$19,910$17,996$16,249$14,657$13,209$7,910
11 years$17,916$16,021$14,305$12,756$11,360$6,399
12 years$16,255$14,380$12,695$11,188$9,844$5,209
13 years$14,850$12,995$11,343$9,878$8,585$4,260
14 years$13,648$11,812$10,191$8,768$7,525$3,497
15 years$12,606$10,791$9,201$7,820$6,626$2,880
16 years$11,696$9,900$8,342$7,002$5,856$2,378
17 years$10,894$9,118$7,591$6,291$5,192$1,967
18 years$10,181$8,425$6,930$5,669$4,617$1,630
19 years$9,545$7,808$6,344$5,123$4,115$1,353
20 years$8,973$7,256$5,822$4,640$3,676$1,124
21 years$8,455$6,759$5,355$4,211$3,289$935
22 years$7,986$6,309$4,936$3,829$2,948$778
23 years$7,558$5,901$4,557$3,487$2,647$648
24 years$7,166$5,528$4,215$3,180$2,379$540
25 years$6,806$5,188$3,904$2,904$2,141$450
26 years$6,475$4,876$3,620$2,656$1,928$375
27 years$6,168$4,589$3,362$2,431$1,738$313
28 years$5,884$4,324$3,125$2,227$1,569$261
29 years$5,620$4,079$2,908$2,042$1,416$218
30 years$5,374$3,852$2,709$1,874$1,280$182
31 years$5,144$3,642$2,526$1,721$1,157$152
32 years$4,929$3,446$2,356$1,582$1,047$127
33 years$4,728$3,263$2,200$1,455$947$106
34 years$4,539$3,093$2,056$1,339$858$88
35 years$4,361$2,934$1,922$1,232$777$74
36 years$4,193$2,784$1,798$1,135$704$62
37 years$4,035$2,645$1,683$1,046$638$51
38 years$3,885$2,513$1,576$964$578$43
39 years$3,743$2,390$1,476$889$524$36
40 years$3,609$2,274$1,384$820$476$30
41 years$3,482$2,164$1,298$756$432$25
42 years$3,361$2,061$1,217$698$392$21
43 years$3,246$1,964$1,142$644$355$17
44 years$3,137$1,872$1,072$595$323$15
45 years$3,032$1,785$1,007$549$293$12
46 years$2,933$1,703$946$507$266$10
47 years$2,838$1,625$888$469$241$9
48 years$2,747$1,551$835$433$219$7
49 years$2,661$1,482$785$400$199$6
50 years$2,578$1,415$738$370$181$5

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 $2,423 every year, while hoping to spend $48,196 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: 48/24/28 Blend
44$2,640,000$2,640,000$2,640,000$2,640,000
45$2,911,779$2,771,859$2,730,939$3,028,162
46$3,157,501$2,856,400$2,771,146$3,194,828
47$3,426,670$2,943,468$2,811,084$3,370,798
48$3,721,629$3,033,137$2,850,693$3,560,974
49$4,044,955$3,125,480$2,889,911$3,766,718
50$4,399,487$3,220,575$2,928,670$3,989,533
51$4,788,353$3,318,501$2,966,898$4,231,072
52$5,214,996$3,419,340$3,004,521$4,493,156
53$5,683,212$3,523,174$3,041,459$4,777,790
54$6,197,179$3,630,088$3,077,627$5,087,181
55$6,761,500$3,740,172$3,112,936$5,423,762
56$7,381,246$3,853,513$3,147,293$5,790,210
57$8,062,004$3,970,206$3,180,598$6,189,475
58$8,809,928$4,090,345$3,212,747$6,624,805
59$9,631,795$4,214,027$3,243,629$7,099,779
60$10,535,076$4,341,352$3,273,128$7,618,340
61$11,527,998$4,472,423$3,301,122$8,184,830
62$12,619,625$4,607,343$3,327,482$8,804,033
63$13,819,946$4,746,222$3,352,071$9,481,220
64$15,139,962$4,889,168$3,374,747$10,222,198
65$16,591,797$5,036,297$3,395,360$11,033,365
66$18,188,808$5,187,722$3,413,752$11,921,768
67$19,945,710$5,343,564$3,429,756$12,895,176
68$21,878,717$5,503,944$3,443,198$13,962,144
69$24,005,696$5,668,986$3,453,894$15,132,101
70$26,346,330$5,838,820$3,461,653$16,415,436
71$28,922,308$6,013,574$3,466,271$17,823,596
72$31,757,528$6,193,385$3,467,536$19,369,196
73$34,878,323$6,378,388$3,465,225$21,066,133
74$38,313,708$6,568,724$3,459,106$22,929,723
75$42,095,652$6,764,537$3,448,932$24,976,844
76$46,259,383$6,965,975$3,434,446$27,226,092
77$50,843,720$7,173,187$3,415,379$29,697,960
78$55,891,434$7,386,328$3,391,449$32,415,030
79$61,449,657$7,605,554$3,362,359$35,402,188
80$67,570,323$7,831,028$3,327,800$38,686,855
81$74,310,661$8,062,913$3,287,446$42,299,251
82$81,733,730$8,301,378$3,240,957$46,272,676
83$89,909,019$8,546,594$3,187,978$50,643,827
84$98,913,099$8,798,736$3,128,135$55,453,144
85$108,830,345$9,057,985$3,061,038$60,745,190
86$119,753,736$9,324,522$2,986,278$66,569,076
87$131,785,728$9,598,535$2,903,429$72,978,921
88$145,039,222$9,880,213$2,812,044$80,034,363
89$159,638,630$10,169,750$2,711,655$87,801,126
90$175,721,048$10,467,346$2,601,773$96,351,636
91$193,437,550$10,773,201$2,481,887$105,765,710
92$212,954,613$11,087,521$2,351,464$116,131,304
93$234,455,690$11,410,515$2,209,943$127,545,349
94$258,142,936$11,742,396$2,056,743$140,114,663
95$284,239,124$12,083,382$1,891,252$153,956,961
96$312,989,740$12,433,693$1,712,834$169,201,968
97$344,665,303$12,793,553$1,520,823$185,992,642
98$379,563,917$13,163,191$1,314,524$204,486,525
99$418,014,087$13,542,837$1,093,211$224,857,231
100$460,377,815$13,932,728$856,125$247,296,085