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%14.1%
1 years$223,789$221,796$219,851$217,953$216,099$212,432
2 years$110,787$108,723$106,724$104,785$102,904$99,221
3 years$73,124$71,052$69,057$67,137$65,287$61,702
4 years$54,297$52,231$50,256$48,368$46,563$43,104
5 years$43,003$40,950$39,001$37,151$35,397$32,074
6 years$35,476$33,438$31,518$29,710$28,008$24,825
7 years$30,102$28,081$26,192$24,426$22,778$19,736
8 years$26,074$24,071$22,213$20,491$18,897$15,995
9 years$22,942$20,958$19,132$17,454$15,914$13,150
10 years$20,438$18,474$16,680$15,045$13,559$10,932
11 years$18,391$16,446$14,684$13,094$11,661$9,168
12 years$16,686$14,761$13,032$11,485$10,106$7,742
13 years$15,244$13,340$11,643$10,140$8,812$6,575
14 years$14,010$12,125$10,462$9,001$7,725$5,611
15 years$12,941$11,077$9,445$8,027$6,801$4,806
16 years$12,006$10,163$8,564$7,187$6,011$4,130
17 years$11,183$9,359$7,793$6,458$5,330$3,559
18 years$10,451$8,649$7,114$5,820$4,739$3,074
19 years$9,798$8,015$6,512$5,259$4,224$2,661
20 years$9,210$7,448$5,977$4,763$3,773$2,306
21 years$8,680$6,938$5,497$4,322$3,376$2,002
22 years$8,198$6,476$5,067$3,930$3,026$1,741
23 years$7,758$6,057$4,678$3,579$2,717$1,515
24 years$7,356$5,675$4,326$3,264$2,442$1,319
25 years$6,987$5,326$4,007$2,981$2,197$1,150
26 years$6,646$5,005$3,716$2,726$1,979$1,003
27 years$6,332$4,711$3,451$2,495$1,784$875
28 years$6,040$4,439$3,208$2,286$1,610$765
29 years$5,769$4,187$2,985$2,096$1,454$668
30 years$5,516$3,955$2,781$1,924$1,314$584
31 years$5,281$3,738$2,593$1,767$1,188$510
32 years$5,060$3,537$2,419$1,624$1,074$446
33 years$4,853$3,350$2,259$1,493$972$391
34 years$4,659$3,175$2,110$1,374$880$342
35 years$4,476$3,011$1,973$1,265$797$299
36 years$4,304$2,858$1,846$1,165$722$262
37 years$4,142$2,715$1,727$1,073$655$229
38 years$3,988$2,580$1,618$989$594$201
39 years$3,843$2,453$1,516$912$538$176
40 years$3,705$2,334$1,421$841$488$154
41 years$3,574$2,222$1,332$776$443$135
42 years$3,450$2,116$1,250$716$402$118
43 years$3,332$2,016$1,172$661$365$103
44 years$3,220$1,922$1,101$611$331$91
45 years$3,113$1,833$1,033$564$301$79
46 years$3,011$1,748$971$521$273$70
47 years$2,913$1,668$912$481$248$61
48 years$2,820$1,593$857$445$225$53
49 years$2,731$1,521$805$411$204$47
50 years$2,646$1,453$757$380$186$41

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 $4,637 every year, while hoping to spend $56,892 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: 57/14/29 Blend
44$2,710,000$2,710,000$2,710,000$2,710,000
45$2,991,203$2,847,573$2,805,568$3,137,602
46$3,235,773$2,926,571$2,839,022$3,317,735
47$3,503,383$3,007,534$2,871,690$3,507,655
48$3,796,321$3,090,497$2,903,485$3,713,522
49$4,117,111$3,175,496$2,934,317$3,936,898
50$4,468,529$3,262,568$2,964,089$4,179,504
51$4,853,632$3,351,747$2,992,699$4,443,236
52$5,275,790$3,443,070$3,020,042$4,730,183
53$5,738,710$3,536,570$3,046,003$5,042,646
54$6,246,480$3,632,284$3,070,465$5,383,162
55$6,803,598$3,730,243$3,093,303$5,754,524
56$7,415,022$3,830,481$3,114,386$6,159,812
57$8,086,211$3,933,032$3,133,574$6,602,418
58$8,823,179$4,037,925$3,150,724$7,086,082
59$9,632,551$4,145,191$3,165,681$7,614,924
60$10,521,626$4,254,860$3,178,285$8,193,484
61$11,498,442$4,366,959$3,188,369$8,826,767
62$12,571,858$4,481,514$3,195,754$9,520,286
63$13,751,630$4,598,551$3,200,254$10,280,119
64$15,048,509$4,718,092$3,201,675$11,112,963
65$16,474,336$4,840,159$3,199,811$12,026,199
66$18,042,161$4,964,769$3,194,447$13,027,962
67$19,766,358$5,091,940$3,185,358$14,127,217
68$21,662,767$5,221,684$3,172,307$15,333,843
69$23,748,836$5,354,014$3,155,047$16,658,729
70$26,043,794$5,488,937$3,133,317$18,113,876
71$28,568,823$5,626,457$3,106,845$19,712,510
72$31,347,264$5,766,575$3,075,346$21,469,207
73$34,404,837$5,909,288$3,038,522$23,400,031
74$37,769,876$6,054,589$2,996,058$25,522,688
75$41,473,605$6,202,466$2,947,628$27,856,690
76$45,550,427$6,352,902$2,892,888$30,423,542
77$50,038,251$6,505,874$2,831,480$33,246,945
78$54,978,845$6,661,355$2,763,027$36,353,021
79$60,418,236$6,819,310$2,687,137$39,770,556
80$66,407,139$6,979,699$2,603,399$43,531,279
81$73,001,436$7,142,473$2,511,382$47,670,156
82$80,262,706$7,307,577$2,410,637$52,225,724
83$88,258,802$7,474,948$2,300,693$57,240,455
84$97,064,493$7,644,514$2,181,059$62,761,157
85$106,762,167$7,816,191$2,051,220$68,839,415
86$117,442,613$7,989,890$1,910,641$75,532,084
87$129,205,872$8,165,506$1,758,760$82,901,819
88$142,162,182$8,342,928$1,594,990$91,017,676
89$156,433,022$8,522,028$1,418,719$99,955,757
90$172,152,252$8,702,669$1,229,308$109,799,934
91$189,467,379$8,884,698$1,026,087$120,642,640
92$208,540,951$9,067,947$808,360$132,585,745
93$229,552,086$9,252,234$575,398$145,741,515
94$252,698,165$9,437,360$326,441$160,233,677
95$278,196,695$9,623,108$60,694$176,198,585
96$306,287,360$9,809,242$0$193,786,513
97$337,234,283$9,995,507$0$213,232,045
98$371,328,518$10,181,625$0$234,673,245
99$408,890,800$10,367,298$0$258,292,732
100$450,274,568$10,552,202$0$284,312,467