Can I retire at age 45 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$223,789$221,796$219,851$217,953$216,099$215,098
2 years$110,787$108,723$106,724$104,785$102,904$101,894
3 years$73,124$71,052$69,057$67,137$65,287$64,298
4 years$54,297$52,231$50,256$48,368$46,563$45,604
5 years$43,003$40,950$39,001$37,151$35,397$34,470
6 years$35,476$33,438$31,518$29,710$28,008$27,115
7 years$30,102$28,081$26,192$24,426$22,778$21,919
8 years$26,074$24,071$22,213$20,491$18,897$18,071
9 years$22,942$20,958$19,132$17,454$15,914$15,122
10 years$20,438$18,474$16,680$15,045$13,559$12,801
11 years$18,391$16,446$14,684$13,094$11,661$10,937
12 years$16,686$14,761$13,032$11,485$10,106$9,413
13 years$15,244$13,340$11,643$10,140$8,812$8,152
14 years$14,010$12,125$10,462$9,001$7,725$7,095
15 years$12,941$11,077$9,445$8,027$6,801$6,202
16 years$12,006$10,163$8,564$7,187$6,011$5,441
17 years$11,183$9,359$7,793$6,458$5,330$4,789
18 years$10,451$8,649$7,114$5,820$4,739$4,225
19 years$9,798$8,015$6,512$5,259$4,224$3,737
20 years$9,210$7,448$5,977$4,763$3,773$3,312
21 years$8,680$6,938$5,497$4,322$3,376$2,940
22 years$8,198$6,476$5,067$3,930$3,026$2,614
23 years$7,758$6,057$4,678$3,579$2,717$2,328
24 years$7,356$5,675$4,326$3,264$2,442$2,075
25 years$6,987$5,326$4,007$2,981$2,197$1,852
26 years$6,646$5,005$3,716$2,726$1,979$1,654
27 years$6,332$4,711$3,451$2,495$1,784$1,478
28 years$6,040$4,439$3,208$2,286$1,610$1,322
29 years$5,769$4,187$2,985$2,096$1,454$1,184
30 years$5,516$3,955$2,781$1,924$1,314$1,060
31 years$5,281$3,738$2,593$1,767$1,188$950
32 years$5,060$3,537$2,419$1,624$1,074$852
33 years$4,853$3,350$2,259$1,493$972$764
34 years$4,659$3,175$2,110$1,374$880$685
35 years$4,476$3,011$1,973$1,265$797$615
36 years$4,304$2,858$1,846$1,165$722$552
37 years$4,142$2,715$1,727$1,073$655$496
38 years$3,988$2,580$1,618$989$594$446
39 years$3,843$2,453$1,516$912$538$400
40 years$3,705$2,334$1,421$841$488$360
41 years$3,574$2,222$1,332$776$443$323
42 years$3,450$2,116$1,250$716$402$291
43 years$3,332$2,016$1,172$661$365$261
44 years$3,220$1,922$1,101$611$331$235
45 years$3,113$1,833$1,033$564$301$211
46 years$3,011$1,748$971$521$273$190
47 years$2,913$1,668$912$481$248$171
48 years$2,820$1,593$857$445$225$154
49 years$2,731$1,521$805$411$204$138
50 years$2,646$1,453$757$380$186$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,710,000, adding $2,682 every year, while hoping to spend $31,762 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: 74/21/5 Blend
44$2,710,000$2,710,000$2,710,000$2,710,000
45$2,989,186$2,845,556$2,803,551$3,209,101
46$3,260,289$2,951,194$2,863,676$3,459,755
47$3,557,979$3,060,944$2,924,750$3,729,941
48$3,884,936$3,174,973$2,986,772$4,024,988
49$4,244,110$3,293,457$3,049,739$4,347,341
50$4,638,751$3,416,578$3,113,647$4,699,690
51$5,072,440$3,544,527$3,178,491$5,084,997
52$5,549,123$3,677,503$3,244,264$5,506,523
53$6,073,145$3,815,712$3,310,959$5,967,857
54$6,649,295$3,959,370$3,378,565$6,472,951
55$7,282,847$4,108,704$3,447,071$7,026,157
56$7,979,615$4,263,948$3,516,465$7,632,264
57$8,746,001$4,425,347$3,586,732$8,296,550
58$9,589,062$4,593,157$3,657,856$9,024,822
59$10,516,570$4,767,646$3,729,818$9,823,478
60$11,537,090$4,949,091$3,802,598$10,699,563
61$12,660,061$5,137,784$3,876,172$11,660,836
62$13,895,879$5,334,027$3,950,516$12,715,841
63$15,256,003$5,538,138$4,025,602$13,873,991
64$16,753,055$5,750,447$4,101,400$15,145,652
65$18,400,947$5,971,299$4,177,876$16,542,240
66$20,215,004$6,201,053$4,254,996$18,076,333
67$22,212,116$6,440,086$4,332,720$19,761,784
68$24,410,891$6,688,790$4,411,005$21,613,852
69$26,831,835$6,947,574$4,489,808$23,649,348
70$29,497,543$7,216,866$4,569,077$25,886,788
71$32,432,913$7,497,113$4,648,761$28,346,572
72$35,665,379$7,788,780$4,728,803$31,051,173
73$39,225,172$8,092,354$4,809,143$34,025,347
74$43,145,604$8,408,345$4,889,714$37,296,370
75$47,463,384$8,737,282$4,970,447$40,894,288
76$52,218,960$9,079,720$5,051,269$44,852,207
77$57,456,906$9,436,238$5,132,098$49,206,597
78$63,226,339$9,807,442$5,212,852$53,997,643
79$69,581,381$10,193,963$5,293,438$59,269,615
80$76,581,676$10,596,461$5,373,762$65,071,291
81$84,292,945$11,015,625$5,453,721$71,456,414
82$92,787,611$11,452,177$5,533,207$78,484,195
83$102,145,482$11,906,868$5,612,104$86,219,877
84$112,454,503$12,380,486$5,690,290$94,735,344
85$123,811,584$12,873,851$5,767,637$104,109,799
86$136,323,519$13,387,823$5,844,006$114,430,513
87$150,107,990$13,923,300$5,919,253$125,793,645
88$165,294,682$14,481,218$5,993,225$138,305,146
89$182,026,499$15,062,557$6,065,758$152,081,762
90$200,460,923$15,668,343$6,136,681$167,252,133
91$220,771,491$16,299,646$6,205,814$183,958,001
92$243,149,438$16,957,584$6,272,964$202,355,553
93$267,805,503$17,643,328$6,337,930$222,616,888
94$294,971,914$18,358,100$6,400,500$244,931,643
95$324,904,581$19,103,179$6,460,449$269,508,778
96$357,885,514$19,879,901$6,517,540$296,578,549
97$394,225,484$20,689,663$6,571,525$326,394,679
98$434,266,953$21,533,927$6,622,141$359,236,747
99$478,387,312$22,414,219$6,669,113$395,412,832
100$527,002,440$23,332,137$6,712,149$435,262,410