Can I retire at age 45 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$224,615$222,614$220,662$218,757$216,897$214,275
2 years$111,196$109,125$107,118$105,172$103,284$100,646
3 years$73,394$71,314$69,312$67,384$65,528$62,955
4 years$54,497$52,423$50,442$48,547$46,735$44,247
5 years$43,162$41,101$39,145$37,289$35,527$33,131
6 years$35,607$33,562$31,635$29,820$28,111$25,811
7 years$30,213$28,185$26,289$24,517$22,862$20,658
8 years$26,170$24,160$22,295$20,566$18,966$16,858
9 years$23,027$21,035$19,203$17,518$15,972$13,959
10 years$20,513$18,542$16,741$15,101$13,609$11,689
11 years$18,458$16,507$14,739$13,142$11,704$9,877
12 years$16,747$14,815$13,080$11,527$10,143$8,405
13 years$15,300$13,389$11,686$10,177$8,845$7,195
14 years$14,061$12,170$10,500$9,034$7,753$6,189
15 years$12,988$11,118$9,480$8,057$6,827$5,345
16 years$12,051$10,200$8,595$7,214$6,033$4,632
17 years$11,224$9,394$7,821$6,482$5,350$4,025
18 years$10,490$8,680$7,140$5,841$4,757$3,507
19 years$9,834$8,045$6,536$5,278$4,240$3,062
20 years$9,244$7,476$5,999$4,780$3,787$2,678
21 years$8,712$6,963$5,518$4,338$3,389$2,346
22 years$8,228$6,500$5,085$3,945$3,038$2,058
23 years$7,787$6,079$4,695$3,592$2,727$1,808
24 years$7,383$5,696$4,342$3,277$2,451$1,589
25 years$7,013$5,345$4,022$2,992$2,205$1,398
26 years$6,671$5,024$3,730$2,736$1,987$1,232
27 years$6,355$4,728$3,464$2,504$1,791$1,085
28 years$6,062$4,455$3,220$2,295$1,616$957
29 years$5,790$4,203$2,997$2,104$1,459$844
30 years$5,537$3,969$2,791$1,931$1,319$745
31 years$5,300$3,752$2,602$1,774$1,192$658
32 years$5,079$3,550$2,428$1,630$1,078$581
33 years$4,871$3,362$2,267$1,499$976$514
34 years$4,676$3,187$2,118$1,379$884$454
35 years$4,493$3,023$1,980$1,270$800$401
36 years$4,320$2,869$1,852$1,169$725$355
37 years$4,157$2,725$1,734$1,077$657$314
38 years$4,003$2,589$1,624$993$596$278
39 years$3,857$2,462$1,521$916$540$246
40 years$3,719$2,343$1,426$844$490$217
41 years$3,588$2,230$1,337$779$445$192
42 years$3,463$2,124$1,254$719$403$170
43 years$3,345$2,024$1,177$664$366$151
44 years$3,232$1,929$1,105$613$332$133
45 years$3,124$1,839$1,037$566$302$118
46 years$3,022$1,755$974$523$274$105
47 years$2,924$1,674$915$483$249$93
48 years$2,831$1,599$860$446$226$82
49 years$2,741$1,526$808$412$205$73
50 years$2,656$1,458$760$381$186$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,720,000, adding $6,155 every year, while hoping to spend $40,557 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: 72/19/9 Blend
44$2,720,000$2,720,000$2,720,000$2,720,000
45$3,003,789$2,859,629$2,817,469$3,214,801
46$3,267,023$2,956,598$2,868,702$3,452,000
47$3,555,748$3,056,960$2,920,292$3,706,004
48$3,872,520$3,160,837$2,972,208$3,982,997
49$4,220,157$3,268,358$3,024,417$4,285,236
50$4,601,761$3,379,656$3,076,883$4,615,207
51$5,020,750$3,494,868$3,129,568$4,975,645
52$5,480,889$3,614,139$3,182,430$5,369,562
53$5,986,324$3,737,616$3,235,426$5,800,275
54$6,541,625$3,865,456$3,288,509$6,271,435
55$7,151,825$3,997,817$3,341,627$6,787,063
56$7,822,468$4,134,866$3,394,729$7,351,586
57$8,559,662$4,276,778$3,447,755$7,969,882
58$9,370,139$4,423,731$3,500,646$8,647,319
59$10,261,312$4,575,913$3,553,337$9,389,813
60$11,241,351$4,733,518$3,605,759$10,203,878
61$12,319,255$4,896,746$3,657,838$11,096,688
62$13,504,941$5,065,809$3,709,497$12,076,145
63$14,809,335$5,240,923$3,760,655$13,150,954
64$16,244,473$5,422,314$3,811,223$14,330,705
65$17,823,620$5,610,218$3,861,110$15,625,958
66$19,561,389$5,804,880$3,910,217$17,048,350
67$21,473,884$6,006,551$3,958,442$18,610,697
68$23,578,846$6,215,498$4,005,676$20,327,120
69$25,895,824$6,431,994$4,051,802$22,213,175
70$28,446,361$6,656,324$4,096,700$24,285,998
71$31,254,191$6,888,785$4,140,241$26,564,469
72$34,345,468$7,129,685$4,182,288$29,069,390
73$37,749,010$7,379,344$4,222,700$31,823,677
74$41,496,574$7,638,097$4,261,325$34,852,577
75$45,623,150$7,906,289$4,298,004$38,183,911
76$50,167,295$8,184,281$4,332,571$41,848,326
77$55,171,496$8,472,448$4,364,850$45,879,592
78$60,682,571$8,771,180$4,394,654$50,314,916
79$66,752,108$9,080,883$4,421,790$55,195,295
80$73,436,955$9,401,978$4,446,052$60,565,899
81$80,799,755$9,734,905$4,467,226$66,476,499
82$88,909,536$10,080,121$4,485,083$72,981,935
83$97,842,363$10,438,102$4,499,388$80,142,632
84$107,682,056$10,809,340$4,509,889$88,025,174
85$118,520,980$11,194,353$4,516,325$96,702,924
86$130,460,918$11,593,674$4,518,420$106,256,724
87$143,614,031$12,007,863$4,515,886$116,775,648
88$158,103,912$12,437,499$4,508,419$128,357,852
89$174,066,762$12,883,186$4,495,701$141,111,491
90$191,652,663$13,345,554$4,477,399$155,155,743
91$211,027,006$13,825,258$4,453,163$170,621,933
92$232,372,044$14,322,979$4,422,627$187,654,771
93$255,888,614$14,839,427$4,385,407$206,413,716
94$281,798,035$15,375,341$4,341,101$227,074,480
95$310,344,194$15,931,492$4,289,287$249,830,687
96$341,795,848$16,508,681$4,229,524$274,895,701
97$376,449,162$17,107,744$4,161,350$302,504,634
98$414,630,503$17,729,550$4,084,282$332,916,568
99$456,699,522$18,375,006$3,997,814$366,416,999
100$503,052,548$19,045,055$3,901,414$403,320,527