Can I retire at age 45 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$198,190$196,424$194,702$193,021$191,379$189,223
2 years$98,114$96,286$94,516$92,799$91,133$88,963
3 years$64,759$62,924$61,158$59,457$57,819$55,701
4 years$48,086$46,256$44,507$42,835$41,237$39,188
5 years$38,084$36,265$34,539$32,902$31,347$29,374
6 years$31,418$29,613$27,913$26,312$24,804$22,909
7 years$26,659$24,869$23,196$21,632$20,172$18,355
8 years$23,091$21,318$19,672$18,147$16,735$14,996
9 years$20,318$18,561$16,943$15,457$14,093$12,432
10 years$18,100$16,360$14,772$13,324$12,008$10,423
11 years$16,287$14,565$13,005$11,596$10,327$8,818
12 years$14,777$13,072$11,541$10,171$8,950$7,513
13 years$13,500$11,814$10,311$8,980$7,804$6,440
14 years$12,407$10,738$9,265$7,971$6,841$5,547
15 years$11,460$9,810$8,365$7,109$6,023$4,797
16 years$10,633$9,000$7,584$6,365$5,324$4,163
17 years$9,904$8,289$6,901$5,719$4,720$3,623
18 years$9,256$7,659$6,300$5,154$4,197$3,161
19 years$8,677$7,099$5,767$4,657$3,741$2,764
20 years$8,157$6,596$5,293$4,218$3,341$2,421
21 years$7,687$6,144$4,868$3,828$2,990$2,124
22 years$7,260$5,735$4,487$3,481$2,680$1,866
23 years$6,871$5,364$4,143$3,170$2,406$1,641
24 years$6,515$5,026$3,832$2,891$2,163$1,445
25 years$6,188$4,717$3,549$2,640$1,946$1,274
26 years$5,886$4,433$3,291$2,414$1,753$1,124
27 years$5,607$4,172$3,056$2,210$1,580$992
28 years$5,349$3,931$2,841$2,025$1,426$876
29 years$5,109$3,708$2,644$1,857$1,288$774
30 years$4,885$3,502$2,463$1,704$1,163$684
31 years$4,677$3,311$2,296$1,565$1,052$605
32 years$4,481$3,133$2,142$1,438$951$536
33 years$4,298$2,967$2,000$1,323$861$474
34 years$4,126$2,812$1,869$1,217$780$420
35 years$3,964$2,667$1,747$1,120$706$372
36 years$3,812$2,531$1,634$1,032$640$329
37 years$3,668$2,404$1,530$951$580$292
38 years$3,532$2,285$1,433$876$526$258
39 years$3,403$2,173$1,342$808$477$229
40 years$3,281$2,067$1,258$745$432$203
41 years$3,165$1,968$1,180$687$392$180
42 years$3,056$1,874$1,107$634$356$160
43 years$2,951$1,785$1,038$586$323$141
44 years$2,852$1,702$975$541$293$125
45 years$2,757$1,623$915$499$266$111
46 years$2,666$1,548$860$461$242$99
47 years$2,580$1,477$808$426$219$87
48 years$2,498$1,410$759$394$199$78
49 years$2,419$1,347$713$364$181$69
50 years$2,343$1,287$671$336$164$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,400,000, adding $6,342 every year, while hoping to spend $53,718 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: 34/39/27 Blend
44$2,400,000$2,400,000$2,400,000$2,400,000
45$2,651,342$2,524,142$2,486,942$2,719,614
46$2,864,623$2,590,669$2,513,099$2,838,045
47$3,097,859$2,658,656$2,538,332$2,960,402
48$3,353,027$2,728,117$2,562,553$3,091,301
49$3,632,307$2,799,066$2,585,670$3,231,539
50$3,938,098$2,871,516$2,607,585$3,381,992
51$4,273,041$2,945,477$2,628,196$3,543,626
52$4,640,046$3,020,961$2,647,396$3,717,506
53$5,042,317$3,097,974$2,665,069$3,904,804
54$5,483,383$3,176,524$2,681,099$4,106,811
55$5,967,130$3,256,615$2,695,357$4,324,952
56$6,497,839$3,338,251$2,707,713$4,560,793
57$7,080,225$3,421,432$2,718,029$4,816,065
58$7,719,482$3,506,157$2,726,157$5,092,670
59$8,421,332$3,592,420$2,731,945$5,392,710
60$9,192,075$3,680,217$2,735,233$5,718,497
61$10,038,655$3,769,536$2,735,852$6,072,583
62$10,968,719$3,860,365$2,733,624$6,457,777
63$11,990,693$3,952,687$2,728,365$6,877,178
64$13,113,858$4,046,482$2,719,879$7,334,202
65$14,348,439$4,141,728$2,707,963$7,832,613
66$15,705,702$4,238,394$2,692,402$8,376,561
67$17,198,058$4,336,450$2,672,972$8,970,621
68$18,839,181$4,435,857$2,649,437$9,619,835
69$20,644,137$4,536,573$2,621,553$10,329,763
70$22,629,524$4,638,551$2,589,060$11,106,531
71$24,813,630$4,741,735$2,551,688$11,956,896
72$27,216,606$4,846,065$2,509,155$12,888,303
73$29,860,653$4,951,476$2,461,165$13,908,961
74$32,770,234$5,057,892$2,407,408$15,027,919
75$35,972,301$5,165,232$2,347,560$16,255,153
76$39,496,553$5,273,406$2,281,281$17,601,658
77$43,375,714$5,382,316$2,208,216$19,079,556
78$47,645,841$5,491,853$2,127,995$20,702,211
79$52,346,663$5,601,900$2,040,230$22,484,351
80$57,521,959$5,712,330$1,944,514$24,442,215
81$63,219,967$5,823,002$1,840,423$26,593,700
82$69,493,842$5,933,767$1,727,515$28,958,539
83$76,402,152$6,044,460$1,605,326$31,558,480
84$84,009,439$6,154,906$1,473,371$34,417,498
85$92,386,818$6,264,913$1,331,146$37,562,019
86$101,612,655$6,374,275$1,178,121$41,021,175
87$111,773,302$6,482,771$1,013,744$44,827,076
88$122,963,914$6,590,162$837,440$49,015,116
89$135,289,346$6,696,192$648,606$53,624,310
90$148,865,139$6,800,586$446,615$58,697,661
91$163,818,616$6,903,048$230,809$64,282,571
92$180,290,079$7,003,261$505$70,431,289
93$198,434,133$7,100,886$0$77,201,403
94$218,421,146$7,195,561$0$84,727,052
95$240,438,856$7,286,897$0$93,012,289
96$264,694,143$7,374,479$0$102,134,311
97$291,414,982$7,457,864$0$112,178,353
98$320,852,590$7,536,579$0$123,238,346
99$353,283,802$7,610,119$0$135,417,806
100$389,013,681$7,677,947$0$148,830,812