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

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$224,615$222,614$220,662$218,757$216,897$210,460
2 years$111,196$109,125$107,118$105,172$103,284$96,852
3 years$73,394$71,314$69,312$67,384$65,528$59,302
4 years$54,497$52,423$50,442$48,547$46,735$40,764
5 years$43,162$41,101$39,145$37,289$35,527$29,827
6 years$35,607$33,562$31,635$29,820$28,111$22,687
7 years$30,213$28,185$26,289$24,517$22,862$17,713
8 years$26,170$24,160$22,295$20,566$18,966$14,090
9 years$23,027$21,035$19,203$17,518$15,972$11,363
10 years$20,513$18,542$16,741$15,101$13,609$9,261
11 years$18,458$16,507$14,739$13,142$11,704$7,610
12 years$16,747$14,815$13,080$11,527$10,143$6,293
13 years$15,300$13,389$11,686$10,177$8,845$5,232
14 years$14,061$12,170$10,500$9,034$7,753$4,368
15 years$12,988$11,118$9,480$8,057$6,827$3,659
16 years$12,051$10,200$8,595$7,214$6,033$3,074
17 years$11,224$9,394$7,821$6,482$5,350$2,588
18 years$10,490$8,680$7,140$5,841$4,757$2,183
19 years$9,834$8,045$6,536$5,278$4,240$1,845
20 years$9,244$7,476$5,999$4,780$3,787$1,561
21 years$8,712$6,963$5,518$4,338$3,389$1,323
22 years$8,228$6,500$5,085$3,945$3,038$1,122
23 years$7,787$6,079$4,695$3,592$2,727$952
24 years$7,383$5,696$4,342$3,277$2,451$808
25 years$7,013$5,345$4,022$2,992$2,205$687
26 years$6,671$5,024$3,730$2,736$1,987$584
27 years$6,355$4,728$3,464$2,504$1,791$497
28 years$6,062$4,455$3,220$2,295$1,616$423
29 years$5,790$4,203$2,997$2,104$1,459$360
30 years$5,537$3,969$2,791$1,931$1,319$306
31 years$5,300$3,752$2,602$1,774$1,192$261
32 years$5,079$3,550$2,428$1,630$1,078$222
33 years$4,871$3,362$2,267$1,499$976$189
34 years$4,676$3,187$2,118$1,379$884$161
35 years$4,493$3,023$1,980$1,270$800$137
36 years$4,320$2,869$1,852$1,169$725$117
37 years$4,157$2,725$1,734$1,077$657$100
38 years$4,003$2,589$1,624$993$596$85
39 years$3,857$2,462$1,521$916$540$72
40 years$3,719$2,343$1,426$844$490$62
41 years$3,588$2,230$1,337$779$445$53
42 years$3,463$2,124$1,254$719$403$45
43 years$3,345$2,024$1,177$664$366$38
44 years$3,232$1,929$1,105$613$332$33
45 years$3,124$1,839$1,037$566$302$28
46 years$3,022$1,755$974$523$274$24
47 years$2,924$1,674$915$483$249$20
48 years$2,831$1,599$860$446$226$17
49 years$2,741$1,526$808$412$205$15
50 years$2,656$1,458$760$381$186$12

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 $5,125 every year, while hoping to spend $37,757 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: 43/47/10 Blend
44$2,720,000$2,720,000$2,720,000$2,720,000
45$3,002,726$2,858,566$2,816,406$3,122,935
46$3,268,831$2,958,463$2,870,583$3,307,076
47$3,560,814$3,061,989$2,925,309$3,502,221
48$3,881,273$3,169,283$2,980,563$3,712,775
49$4,233,072$3,280,487$3,036,321$3,940,163
50$4,619,366$3,395,752$3,092,559$4,185,951
51$5,043,630$3,515,232$3,149,248$4,451,859
52$5,509,690$3,639,089$3,206,358$4,739,778
53$6,021,765$3,767,490$3,263,857$5,051,785
54$6,584,499$3,900,611$3,321,710$5,390,164
55$7,203,010$4,038,633$3,379,880$5,757,427
56$7,882,936$4,181,745$3,438,325$6,156,333
57$8,630,489$4,330,145$3,497,002$6,589,919
58$9,452,513$4,484,035$3,555,866$7,061,525
59$10,356,547$4,643,631$3,614,865$7,574,822
60$11,350,899$4,809,152$3,673,947$8,133,852
61$12,444,721$4,980,831$3,733,054$8,743,059
62$13,648,097$5,158,907$3,792,127$9,407,334
63$14,972,140$5,343,630$3,851,100$10,132,060
64$16,429,091$5,535,261$3,909,904$10,923,159
65$18,032,439$5,734,070$3,968,467$11,787,148
66$19,797,048$5,940,339$4,026,711$12,731,202
67$21,739,294$6,154,363$4,084,553$13,763,218
68$23,877,222$6,376,447$4,141,905$14,891,888
69$26,230,715$6,606,909$4,198,675$16,126,782
70$28,821,681$6,846,081$4,254,764$17,478,435
71$31,674,263$7,094,309$4,310,068$18,958,446
72$34,815,059$7,351,952$4,364,478$20,579,586
73$38,273,383$7,619,385$4,417,876$22,355,917
74$42,081,533$7,896,999$4,470,139$24,302,926
75$46,275,097$8,185,201$4,521,137$26,437,663
76$50,893,295$8,484,413$4,570,733$28,778,907
77$55,979,340$8,795,079$4,618,781$31,347,339
78$61,580,853$9,117,657$4,665,130$34,165,735
79$67,750,305$9,452,628$4,709,617$37,259,180
80$74,545,520$9,800,490$4,752,073$40,655,303
81$82,030,215$10,161,766$4,792,319$44,384,534
82$90,274,601$10,536,997$4,830,167$48,480,394
83$99,356,050$10,926,750$4,865,417$52,979,804
84$109,359,820$11,331,613$4,897,861$57,923,433
85$120,379,863$11,752,203$4,927,281$63,356,083
86$132,519,708$12,189,160$4,953,444$69,327,105
87$145,893,442$12,643,153$4,976,108$75,890,864
88$160,626,783$13,114,878$4,995,018$83,107,251
89$176,858,270$13,605,062$5,009,906$91,042,245
90$194,740,567$14,114,463$5,020,491$99,768,531
91$214,441,904$14,643,871$5,026,477$109,366,188
92$236,147,669$15,194,111$5,027,554$119,923,437
93$260,062,152$15,766,043$5,023,398$131,537,474
94$286,410,475$16,360,563$5,013,666$144,315,382
95$315,440,720$16,978,607$4,998,000$158,375,143
96$347,426,266$17,621,151$4,976,025$173,846,743
97$382,668,371$18,289,214$4,947,348$190,873,397
98$421,499,016$18,983,857$4,911,556$209,612,900
99$464,284,040$19,706,190$4,868,217$230,239,109
100$511,426,587$20,457,368$4,816,877$252,943,584