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%17.8%
1 years$224,615$222,614$220,662$218,757$216,897$210,038
2 years$111,196$109,125$107,118$105,172$103,284$96,436
3 years$73,394$71,314$69,312$67,384$65,528$58,905
4 years$54,497$52,423$50,442$48,547$46,735$40,389
5 years$43,162$41,101$39,145$37,289$35,527$29,475
6 years$35,607$33,562$31,635$29,820$28,111$22,358
7 years$30,213$28,185$26,289$24,517$22,862$17,406
8 years$26,170$24,160$22,295$20,566$18,966$13,805
9 years$23,027$21,035$19,203$17,518$15,972$11,100
10 years$20,513$18,542$16,741$15,101$13,609$9,018
11 years$18,458$16,507$14,739$13,142$11,704$7,386
12 years$16,747$14,815$13,080$11,527$10,143$6,088
13 years$15,300$13,389$11,686$10,177$8,845$5,044
14 years$14,061$12,170$10,500$9,034$7,753$4,196
15 years$12,988$11,118$9,480$8,057$6,827$3,503
16 years$12,051$10,200$8,595$7,214$6,033$2,932
17 years$11,224$9,394$7,821$6,482$5,350$2,460
18 years$10,490$8,680$7,140$5,841$4,757$2,068
19 years$9,834$8,045$6,536$5,278$4,240$1,741
20 years$9,244$7,476$5,999$4,780$3,787$1,467
21 years$8,712$6,963$5,518$4,338$3,389$1,238
22 years$8,228$6,500$5,085$3,945$3,038$1,046
23 years$7,787$6,079$4,695$3,592$2,727$884
24 years$7,383$5,696$4,342$3,277$2,451$748
25 years$7,013$5,345$4,022$2,992$2,205$633
26 years$6,671$5,024$3,730$2,736$1,987$536
27 years$6,355$4,728$3,464$2,504$1,791$454
28 years$6,062$4,455$3,220$2,295$1,616$385
29 years$5,790$4,203$2,997$2,104$1,459$326
30 years$5,537$3,969$2,791$1,931$1,319$276
31 years$5,300$3,752$2,602$1,774$1,192$234
32 years$5,079$3,550$2,428$1,630$1,078$199
33 years$4,871$3,362$2,267$1,499$976$169
34 years$4,676$3,187$2,118$1,379$884$143
35 years$4,493$3,023$1,980$1,270$800$121
36 years$4,320$2,869$1,852$1,169$725$103
37 years$4,157$2,725$1,734$1,077$657$87
38 years$4,003$2,589$1,624$993$596$74
39 years$3,857$2,462$1,521$916$540$63
40 years$3,719$2,343$1,426$844$490$53
41 years$3,588$2,230$1,337$779$445$45
42 years$3,463$2,124$1,254$719$403$38
43 years$3,345$2,024$1,177$664$366$33
44 years$3,232$1,929$1,105$613$332$28
45 years$3,124$1,839$1,037$566$302$24
46 years$3,022$1,755$974$523$274$20
47 years$2,924$1,674$915$483$249$17
48 years$2,831$1,599$860$446$226$14
49 years$2,741$1,526$808$412$205$12
50 years$2,656$1,458$760$381$186$10

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 $3,368 every year, while hoping to spend $37,297 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: 42/37/21 Blend
44$2,720,000$2,720,000$2,720,000$2,720,000
45$3,000,914$2,856,754$2,814,594$3,108,364
46$3,267,324$2,957,051$2,869,199$3,285,384
47$3,559,657$3,061,013$2,924,384$3,473,100
48$3,880,519$3,168,780$2,980,127$3,675,621
49$4,232,778$3,280,497$3,036,408$3,894,327
50$4,619,597$3,396,316$3,093,203$4,130,735
51$5,044,455$3,516,395$3,150,485$4,386,511
52$5,511,190$3,640,898$3,208,226$4,663,489
53$6,024,025$3,769,997$3,266,396$4,963,684
54$6,587,617$3,903,868$3,324,962$5,289,313
55$7,207,093$4,042,696$3,383,887$5,642,812
56$7,888,103$4,186,675$3,443,134$6,026,864
57$8,636,872$4,336,004$3,502,661$6,444,419
58$9,460,257$4,490,892$3,562,424$6,898,721
59$10,365,813$4,651,556$3,622,375$7,393,342
60$11,361,865$4,818,222$3,682,464$7,932,212
61$12,457,585$4,991,124$3,742,636$8,519,654
62$13,663,078$5,170,508$3,802,834$9,160,429
63$14,989,478$5,356,629$3,862,995$9,859,776
64$16,449,053$5,549,752$3,923,053$10,623,461
65$18,055,320$5,750,153$3,982,939$11,457,833
66$19,823,172$5,958,121$4,042,577$12,369,881
67$21,769,022$6,173,955$4,101,889$13,367,301
68$23,910,950$6,397,967$4,160,791$14,458,563
69$26,268,882$6,630,482$4,219,192$15,652,998
70$28,864,772$6,871,839$4,276,999$16,960,877
71$31,722,811$7,122,392$4,334,111$18,393,513
72$34,869,656$7,382,508$4,390,422$19,963,364
73$38,334,679$7,652,569$4,445,820$21,684,148
74$42,150,247$7,932,975$4,500,185$23,570,975
75$46,352,024$8,224,143$4,553,393$25,640,487
76$50,979,309$8,526,505$4,605,311$27,911,012
77$56,075,408$8,840,513$4,655,798$30,402,739
78$61,688,039$9,166,638$4,704,707$33,137,906
79$67,869,787$9,505,370$4,751,882$36,141,006
80$74,678,594$9,857,222$4,797,159$39,439,022
81$82,178,311$10,222,727$4,840,364$43,061,676
82$90,439,298$10,602,440$4,881,316$47,041,709
83$99,539,088$10,996,941$4,919,822$51,415,190
84$109,563,119$11,406,835$4,955,679$56,221,854
85$120,605,538$11,832,751$4,988,676$61,505,476
86$132,770,095$12,275,347$5,018,588$67,314,281
87$146,171,113$12,735,308$5,045,180$73,701,399
88$160,934,578$13,213,350$5,068,204$80,725,363
89$177,199,317$13,710,216$5,087,401$88,450,663
90$195,118,317$14,226,685$5,102,498$96,948,349
91$214,860,161$14,763,569$5,113,208$106,296,702
92$236,610,626$15,321,713$5,119,229$116,581,970
93$260,574,433$15,901,999$5,120,246$127,899,179
94$286,977,178$16,505,350$5,115,927$140,353,032
95$316,067,463$17,132,726$5,105,924$154,058,889
96$348,119,245$17,785,129$5,089,872$169,143,858
97$383,434,414$18,463,607$5,067,389$185,747,989
98$422,345,651$19,169,251$5,038,074$204,025,599
99$465,219,563$19,903,200$5,001,506$224,146,718
100$512,460,147$20,666,645$4,957,244$246,298,699