Can I retire at age 45 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$226,267$224,251$222,285$220,366$218,491$213,209
2 years$112,013$109,927$107,905$105,945$104,044$98,754
3 years$73,934$71,839$69,822$67,880$66,010$60,877
4 years$54,898$52,809$50,812$48,904$47,079$42,143
5 years$43,479$41,403$39,433$37,563$35,788$31,064
6 years$35,869$33,809$31,867$30,039$28,318$23,809
7 years$30,436$28,392$26,482$24,697$23,030$18,738
8 years$26,362$24,337$22,459$20,718$19,106$15,028
9 years$23,196$21,190$19,344$17,647$16,090$12,223
10 years$20,664$18,678$16,864$15,212$13,709$10,049
11 years$18,594$16,628$14,847$13,239$11,790$8,331
12 years$16,870$14,924$13,176$11,612$10,217$6,954
13 years$15,413$13,487$11,772$10,252$8,910$5,836
14 years$14,165$12,260$10,577$9,100$7,810$4,919
15 years$13,084$11,199$9,550$8,116$6,877$4,161
16 years$12,139$10,275$8,658$7,267$6,078$3,531
17 years$11,307$9,463$7,879$6,529$5,389$3,004
18 years$10,567$8,744$7,192$5,884$4,792$2,560
19 years$9,906$8,104$6,584$5,317$4,271$2,187
20 years$9,312$7,531$6,043$4,815$3,815$1,870
21 years$8,776$7,015$5,558$4,370$3,414$1,601
22 years$8,288$6,548$5,123$3,974$3,060$1,373
23 years$7,844$6,124$4,730$3,619$2,747$1,178
24 years$7,438$5,738$4,374$3,301$2,469$1,012
25 years$7,064$5,385$4,052$3,014$2,222$869
26 years$6,720$5,061$3,758$2,756$2,001$747
27 years$6,402$4,763$3,489$2,523$1,804$643
28 years$6,107$4,488$3,244$2,311$1,628$553
29 years$5,833$4,234$3,019$2,120$1,470$476
30 years$5,577$3,998$2,812$1,945$1,328$410
31 years$5,339$3,780$2,621$1,787$1,201$353
32 years$5,116$3,576$2,446$1,642$1,086$304
33 years$4,907$3,387$2,284$1,510$983$262
34 years$4,711$3,210$2,134$1,389$890$226
35 years$4,526$3,045$1,995$1,279$806$195
36 years$4,352$2,890$1,866$1,178$730$168
37 years$4,187$2,745$1,747$1,085$662$145
38 years$4,032$2,608$1,636$1,000$600$125
39 years$3,885$2,480$1,532$922$544$108
40 years$3,746$2,360$1,436$851$494$93
41 years$3,614$2,246$1,347$785$448$80
42 years$3,488$2,139$1,263$724$406$69
43 years$3,369$2,038$1,185$669$369$60
44 years$3,256$1,943$1,113$617$335$51
45 years$3,147$1,853$1,045$570$304$44
46 years$3,044$1,768$981$527$276$38
47 years$2,946$1,687$922$487$251$33
48 years$2,851$1,610$866$450$228$28
49 years$2,761$1,538$814$416$207$25
50 years$2,675$1,469$766$384$188$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,740,000, adding $4,814 every year, while hoping to spend $52,953 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: 31/40/29 Blend
44$2,740,000$2,740,000$2,740,000$2,740,000
45$3,024,446$2,879,226$2,836,756$3,091,250
46$3,276,598$2,963,966$2,875,445$3,228,279
47$3,552,694$3,051,084$2,913,656$3,370,714
48$3,855,122$3,140,640$2,951,317$3,523,006
49$4,186,509$3,232,696$2,988,351$3,686,056
50$4,549,750$3,327,315$3,024,677$3,860,855
51$4,948,032$3,424,561$3,060,212$4,048,493
52$5,384,866$3,524,500$3,094,864$4,250,171
53$5,864,120$3,627,198$3,128,539$4,467,209
54$6,390,053$3,732,723$3,161,138$4,701,061
55$6,967,356$3,841,144$3,192,554$4,953,327
56$7,601,198$3,952,532$3,222,676$5,225,770
57$8,297,272$4,066,958$3,251,387$5,520,328
58$9,061,849$4,184,494$3,278,564$5,839,139
59$9,901,838$4,305,215$3,304,076$6,184,553
60$10,824,850$4,429,194$3,327,787$6,559,163
61$11,839,269$4,556,509$3,349,552$6,965,820
62$12,954,333$4,687,237$3,369,221$7,407,669
63$14,180,218$4,821,455$3,386,633$7,888,170
64$15,528,137$4,959,243$3,401,622$8,411,137
65$17,010,442$5,100,680$3,414,011$8,980,772
66$18,640,742$5,245,849$3,423,616$9,601,702
67$20,434,033$5,394,831$3,430,243$10,279,026
68$22,406,836$5,547,710$3,433,687$11,018,362
69$24,577,354$5,704,568$3,433,736$11,825,901
70$26,965,642$5,865,490$3,430,165$12,708,461
71$29,593,800$6,030,561$3,422,738$13,673,558
72$32,486,177$6,199,868$3,411,208$14,729,472
73$35,669,601$6,373,495$3,395,317$15,885,327
74$39,173,633$6,551,530$3,374,794$17,151,177
75$43,030,848$6,734,059$3,349,354$18,538,100
76$47,277,136$6,921,169$3,318,699$20,058,307
77$51,952,046$7,112,948$3,282,517$21,725,250
78$57,099,154$7,309,482$3,240,481$23,553,755
79$62,766,479$7,510,859$3,192,248$25,560,160
80$69,006,933$7,717,163$3,137,462$27,762,469
81$75,878,819$7,928,483$3,075,745$30,180,526
82$83,446,382$8,144,902$3,006,706$32,836,194
83$91,780,416$8,366,505$2,929,934$35,753,572
84$100,958,930$8,593,376$2,844,999$38,959,216
85$111,067,886$8,825,596$2,751,451$42,482,390
86$122,202,006$9,063,246$2,648,820$46,355,349
87$134,465,670$9,306,405$2,536,615$50,613,636
88$147,973,899$9,555,149$2,414,322$55,296,422
89$162,853,437$9,809,552$2,281,402$60,446,877
90$179,243,954$10,069,686$2,137,295$66,112,577
91$197,299,356$10,335,620$1,981,414$72,345,953
92$217,189,244$10,607,419$1,813,145$79,204,788
93$239,100,510$10,885,145$1,631,848$86,752,761
94$263,239,100$11,168,855$1,436,853$95,060,052
95$289,831,962$11,458,603$1,227,461$104,204,005
96$319,129,184$11,754,436$1,002,943$114,269,857
97$351,406,354$12,056,398$762,536$125,351,543
98$386,967,166$12,364,524$505,444$137,552,589
99$426,146,276$12,678,846$230,836$150,987,084
100$469,312,473$12,999,385$0$165,780,765