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%11.2%
1 years$226,267$224,251$222,285$220,366$218,491$217,388
2 years$112,013$109,927$107,905$105,945$104,044$102,930
3 years$73,934$71,839$69,822$67,880$66,010$64,920
4 years$54,898$52,809$50,812$48,904$47,079$46,022
5 years$43,479$41,403$39,433$37,563$35,788$34,767
6 years$35,869$33,809$31,867$30,039$28,318$27,334
7 years$30,436$28,392$26,482$24,697$23,030$22,084
8 years$26,362$24,337$22,459$20,718$19,106$18,197
9 years$23,196$21,190$19,344$17,647$16,090$15,219
10 years$20,664$18,678$16,864$15,212$13,709$12,875
11 years$18,594$16,628$14,847$13,239$11,790$10,993
12 years$16,870$14,924$13,176$11,612$10,217$9,456
13 years$15,413$13,487$11,772$10,252$8,910$8,183
14 years$14,165$12,260$10,577$9,100$7,810$7,118
15 years$13,084$11,199$9,550$8,116$6,877$6,218
16 years$12,139$10,275$8,658$7,267$6,078$5,452
17 years$11,307$9,463$7,879$6,529$5,389$4,794
18 years$10,567$8,744$7,192$5,884$4,792$4,228
19 years$9,906$8,104$6,584$5,317$4,271$3,737
20 years$9,312$7,531$6,043$4,815$3,815$3,309
21 years$8,776$7,015$5,558$4,370$3,414$2,936
22 years$8,288$6,548$5,123$3,974$3,060$2,608
23 years$7,844$6,124$4,730$3,619$2,747$2,320
24 years$7,438$5,738$4,374$3,301$2,469$2,067
25 years$7,064$5,385$4,052$3,014$2,222$1,843
26 years$6,720$5,061$3,758$2,756$2,001$1,645
27 years$6,402$4,763$3,489$2,523$1,804$1,469
28 years$6,107$4,488$3,244$2,311$1,628$1,313
29 years$5,833$4,234$3,019$2,120$1,470$1,175
30 years$5,577$3,998$2,812$1,945$1,328$1,051
31 years$5,339$3,780$2,621$1,787$1,201$941
32 years$5,116$3,576$2,446$1,642$1,086$843
33 years$4,907$3,387$2,284$1,510$983$756
34 years$4,711$3,210$2,134$1,389$890$677
35 years$4,526$3,045$1,995$1,279$806$607
36 years$4,352$2,890$1,866$1,178$730$545
37 years$4,187$2,745$1,747$1,085$662$489
38 years$4,032$2,608$1,636$1,000$600$439
39 years$3,885$2,480$1,532$922$544$394
40 years$3,746$2,360$1,436$851$494$354
41 years$3,614$2,246$1,347$785$448$318
42 years$3,488$2,139$1,263$724$406$285
43 years$3,369$2,038$1,185$669$369$256
44 years$3,256$1,943$1,113$617$335$230
45 years$3,147$1,853$1,045$570$304$207
46 years$3,044$1,768$981$527$276$186
47 years$2,946$1,687$922$487$251$167
48 years$2,851$1,610$866$450$228$150
49 years$2,761$1,538$814$416$207$135
50 years$2,675$1,469$766$384$188$121

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 $6,363 every year, while hoping to spend $42,993 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: 59/34/7 Blend
44$2,740,000$2,740,000$2,740,000$2,740,000
45$3,026,043$2,880,823$2,838,353$3,199,768
46$3,288,956$2,976,240$2,887,694$3,412,451
47$3,577,244$3,074,890$2,937,247$3,638,774
48$3,893,451$3,176,888$2,986,973$3,884,460
49$4,240,379$3,282,351$3,036,832$4,151,368
50$4,621,111$3,391,400$3,086,780$4,441,545
51$5,039,047$3,504,162$3,136,769$4,757,241
52$5,497,930$3,620,765$3,186,751$5,100,935
53$6,001,883$3,741,347$3,236,672$5,475,351
54$6,555,449$3,866,047$3,286,474$5,883,489
55$7,163,633$3,995,011$3,336,098$6,328,650
56$7,831,946$4,128,389$3,385,480$6,814,467
57$8,566,461$4,266,337$3,434,551$7,344,941
58$9,373,871$4,409,019$3,483,239$7,924,475
59$10,261,546$4,556,601$3,531,468$8,557,914
60$11,237,608$4,709,258$3,579,156$9,250,597
61$12,311,003$4,867,171$3,626,217$10,008,399
62$13,491,590$5,030,527$3,672,560$10,837,790
63$14,790,230$5,199,521$3,718,088$11,745,895
64$16,218,890$5,374,354$3,762,701$12,740,558
65$17,790,755$5,555,235$3,806,290$13,830,419
66$19,520,353$5,742,383$3,848,742$15,024,994
67$21,423,691$5,936,021$3,889,936$16,334,761
68$23,518,405$6,136,384$3,929,747$17,771,263
69$25,823,929$6,343,714$3,968,040$19,347,211
70$28,361,676$6,558,262$4,004,676$21,076,608
71$31,155,240$6,780,290$4,039,505$22,974,876
72$34,230,619$7,010,068$4,072,373$25,059,004
73$37,616,459$7,247,879$4,103,114$27,347,706
74$41,344,326$7,494,013$4,131,557$29,861,598
75$45,449,001$7,748,773$4,157,518$32,623,389
76$49,968,811$8,012,475$4,180,807$35,658,096
77$54,945,988$8,285,445$4,201,222$38,993,281
78$60,427,069$8,568,021$4,218,553$42,659,305
79$66,463,332$8,860,556$4,232,576$46,689,621
80$73,111,284$9,163,416$4,243,060$51,121,080
81$80,433,191$9,476,979$4,249,759$55,994,286
82$88,497,666$9,801,641$4,252,415$61,353,970
83$97,380,317$10,137,810$4,250,760$67,249,419
84$107,164,459$10,485,912$4,244,510$73,734,933
85$117,941,900$10,846,389$4,233,367$80,870,342
86$129,813,811$11,219,698$4,217,022$88,721,566
87$142,891,674$11,606,318$4,195,147$97,361,235
88$157,298,340$12,006,743$4,167,400$106,869,376
89$173,169,186$12,421,489$4,133,422$117,334,167
90$190,653,389$12,851,088$4,092,839$128,852,764
91$209,915,341$13,296,098$4,045,255$141,532,222
92$231,136,195$13,757,095$3,990,260$155,490,498
93$254,515,574$14,234,681$3,927,421$170,857,567
94$280,273,460$14,729,477$3,856,287$187,776,648
95$308,652,265$15,242,134$3,776,385$206,405,549
96$339,919,123$15,773,324$3,687,220$226,918,159
97$374,368,405$16,323,750$3,588,274$249,506,088
98$412,324,507$16,894,138$3,479,006$274,380,471
99$454,144,903$17,485,247$3,358,848$301,773,960
100$500,223,523$18,097,864$3,227,210$331,942,920