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

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$226,267$224,251$222,285$220,366$218,491$212,007
2 years$112,013$109,927$107,905$105,945$104,044$97,564
3 years$73,934$71,839$69,822$67,880$66,010$59,738
4 years$54,898$52,809$50,812$48,904$47,079$41,064
5 years$43,479$41,403$39,433$37,563$35,788$30,046
6 years$35,869$33,809$31,867$30,039$28,318$22,854
7 years$30,436$28,392$26,482$24,697$23,030$17,843
8 years$26,362$24,337$22,459$20,718$19,106$14,193
9 years$23,196$21,190$19,344$17,647$16,090$11,447
10 years$20,664$18,678$16,864$15,212$13,709$9,329
11 years$18,594$16,628$14,847$13,239$11,790$7,666
12 years$16,870$14,924$13,176$11,612$10,217$6,340
13 years$15,413$13,487$11,772$10,252$8,910$5,270
14 years$14,165$12,260$10,577$9,100$7,810$4,400
15 years$13,084$11,199$9,550$8,116$6,877$3,686
16 years$12,139$10,275$8,658$7,267$6,078$3,096
17 years$11,307$9,463$7,879$6,529$5,389$2,607
18 years$10,567$8,744$7,192$5,884$4,792$2,200
19 years$9,906$8,104$6,584$5,317$4,271$1,859
20 years$9,312$7,531$6,043$4,815$3,815$1,573
21 years$8,776$7,015$5,558$4,370$3,414$1,332
22 years$8,288$6,548$5,123$3,974$3,060$1,130
23 years$7,844$6,124$4,730$3,619$2,747$959
24 years$7,438$5,738$4,374$3,301$2,469$814
25 years$7,064$5,385$4,052$3,014$2,222$692
26 years$6,720$5,061$3,758$2,756$2,001$588
27 years$6,402$4,763$3,489$2,523$1,804$500
28 years$6,107$4,488$3,244$2,311$1,628$426
29 years$5,833$4,234$3,019$2,120$1,470$362
30 years$5,577$3,998$2,812$1,945$1,328$308
31 years$5,339$3,780$2,621$1,787$1,201$263
32 years$5,116$3,576$2,446$1,642$1,086$224
33 years$4,907$3,387$2,284$1,510$983$190
34 years$4,711$3,210$2,134$1,389$890$162
35 years$4,526$3,045$1,995$1,279$806$138
36 years$4,352$2,890$1,866$1,178$730$118
37 years$4,187$2,745$1,747$1,085$662$100
38 years$4,032$2,608$1,636$1,000$600$86
39 years$3,885$2,480$1,532$922$544$73
40 years$3,746$2,360$1,436$851$494$62
41 years$3,614$2,246$1,347$785$448$53
42 years$3,488$2,139$1,263$724$406$45
43 years$3,369$2,038$1,185$669$369$38
44 years$3,256$1,943$1,113$617$335$33
45 years$3,147$1,853$1,045$570$304$28
46 years$3,044$1,768$981$527$276$24
47 years$2,946$1,687$922$487$251$20
48 years$2,851$1,610$866$450$228$17
49 years$2,761$1,538$814$416$207$15
50 years$2,675$1,469$766$384$188$13

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 $4,446 every year, while hoping to spend $43,624 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: 44/36/20 Blend
44$2,740,000$2,740,000$2,740,000$2,740,000
45$3,024,066$2,878,846$2,836,376$3,139,438
46$3,286,105$2,973,494$2,884,979$3,315,815
47$3,573,410$3,071,317$2,933,748$3,502,247
48$3,888,512$3,172,426$2,982,643$3,703,428
49$4,234,199$3,276,934$3,031,620$3,920,742
50$4,613,541$3,384,957$3,080,633$4,155,713
51$5,029,921$3,496,619$3,129,633$4,410,018
52$5,487,064$3,612,044$3,178,567$4,685,500
53$5,989,075$3,731,365$3,227,379$4,984,186
54$6,540,474$3,854,715$3,276,010$5,308,309
55$7,146,242$3,982,236$3,324,396$5,660,322
56$7,811,866$4,114,072$3,372,470$6,042,927
57$8,543,389$4,250,375$3,420,161$6,459,097
58$9,347,472$4,391,300$3,467,393$6,912,104
59$10,231,449$4,537,009$3,514,086$7,405,551
60$11,203,404$4,687,670$3,560,155$7,943,402
61$12,272,242$4,843,456$3,605,511$8,530,022
62$13,447,772$5,004,547$3,650,057$9,170,217
63$14,740,806$5,171,130$3,693,694$9,869,278
64$16,163,251$5,343,399$3,736,317$10,633,030
65$17,728,231$5,521,554$3,777,811$11,467,889
66$19,450,203$5,705,802$3,818,061$12,380,921
67$21,345,097$5,896,360$3,856,939$13,379,904
68$23,430,467$6,093,452$3,894,316$14,473,407
69$25,725,651$6,297,308$3,930,053$15,670,868
70$28,251,961$6,508,169$3,964,002$16,982,678
71$31,032,876$6,726,284$3,996,012$18,420,287
72$34,094,270$6,951,913$4,025,919$19,996,303
73$37,464,651$7,185,322$4,053,553$21,724,617
74$41,175,433$7,426,791$4,078,735$23,620,529
75$45,261,231$7,676,607$4,101,276$25,700,891
76$49,760,187$7,935,071$4,120,979$27,984,272
77$54,714,328$8,202,492$4,137,634$30,491,124
78$60,169,968$8,479,192$4,151,023$33,243,980
79$66,178,138$8,765,506$4,160,916$36,267,664
80$72,795,074$9,061,781$4,167,072$39,589,523
81$80,082,739$9,368,377$4,169,237$43,239,687
82$88,109,418$9,685,667$4,167,145$47,251,351
83$96,950,352$10,014,038$4,160,519$51,661,089
84$106,688,456$10,353,893$4,149,063$56,509,195
85$117,415,095$10,705,650$4,132,473$61,840,065
86$129,230,950$11,069,743$4,110,427$67,702,614
87$142,246,967$11,446,620$4,082,586$74,150,740
88$156,585,403$11,836,750$4,048,599$81,243,826
89$172,380,981$12,240,618$4,008,093$89,047,302
90$189,782,160$12,658,727$3,960,683$97,633,265
91$208,952,536$13,091,600$3,905,962$107,081,152
92$230,072,387$13,539,781$3,843,504$117,478,495
93$253,340,374$14,003,834$3,772,865$128,921,742
94$278,975,415$14,484,344$3,693,578$141,517,166
95$307,218,750$14,981,921$3,605,157$155,381,872
96$338,336,224$15,497,195$3,507,090$170,644,892
97$372,620,785$16,030,825$3,398,845$187,448,414
98$410,395,262$16,583,492$3,279,863$205,949,110
99$452,015,401$17,155,905$3,149,560$226,319,623
100$497,873,228$17,748,801$3,007,327$248,750,191