Can I retire at age 45 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$201,493$199,698$197,947$196,238$194,569$191,267
2 years$99,749$97,891$96,091$94,345$92,652$89,335
3 years$65,839$63,973$62,177$60,448$58,782$55,554
4 years$48,887$47,027$45,249$43,549$41,924$38,810
5 years$38,719$36,870$35,115$33,450$31,870$28,878
6 years$31,942$30,107$28,378$26,750$25,218$22,352
7 years$27,103$25,284$23,582$21,993$20,509$17,770
8 years$23,476$21,673$20,000$18,449$17,014$14,401
9 years$20,656$18,870$17,226$15,715$14,328$11,840
10 years$18,402$16,633$15,018$13,546$12,208$9,843
11 years$16,558$14,807$13,221$11,789$10,500$8,254
12 years$15,023$13,290$11,734$10,341$9,099$6,971
13 years$13,725$12,011$10,483$9,129$7,934$5,920
14 years$12,614$10,917$9,419$8,104$6,955$5,052
15 years$11,651$9,973$8,504$7,227$6,124$4,327
16 years$10,810$9,150$7,710$6,471$5,412$3,719
17 years$10,069$8,427$7,016$5,814$4,799$3,205
18 years$9,410$7,787$6,405$5,240$4,267$2,768
19 years$8,822$7,217$5,863$4,735$3,803$2,395
20 years$8,293$6,706$5,381$4,288$3,397$2,077
21 years$7,815$6,247$4,950$3,892$3,040$1,803
22 years$7,381$5,831$4,562$3,539$2,725$1,567
23 years$6,985$5,454$4,212$3,223$2,446$1,364
24 years$6,623$5,110$3,895$2,939$2,199$1,188
25 years$6,291$4,795$3,608$2,684$1,978$1,035
26 years$5,984$4,507$3,346$2,454$1,782$903
27 years$5,701$4,241$3,107$2,247$1,607$788
28 years$5,438$3,997$2,889$2,058$1,450$688
29 years$5,194$3,770$2,688$1,888$1,309$601
30 years$4,967$3,561$2,504$1,732$1,183$526
31 years$4,754$3,366$2,334$1,591$1,069$460
32 years$4,556$3,185$2,178$1,462$967$402
33 years$4,370$3,016$2,033$1,345$875$352
34 years$4,195$2,859$1,900$1,237$793$308
35 years$4,030$2,711$1,776$1,139$718$269
36 years$3,875$2,573$1,662$1,049$650$236
37 years$3,729$2,444$1,555$966$590$206
38 years$3,591$2,323$1,457$891$534$181
39 years$3,460$2,209$1,365$821$485$158
40 years$3,336$2,102$1,279$758$440$139
41 years$3,218$2,000$1,199$699$399$121
42 years$3,106$1,905$1,125$645$362$106
43 years$3,000$1,815$1,056$595$328$93
44 years$2,899$1,730$991$550$298$82
45 years$2,803$1,650$930$508$271$71
46 years$2,711$1,574$874$469$246$63
47 years$2,623$1,502$821$433$223$55
48 years$2,539$1,434$772$400$203$48
49 years$2,459$1,369$725$370$184$42
50 years$2,382$1,308$682$342$167$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,440,000, adding $5,284 every year, while hoping to spend $59,068 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: 36/46/18 Blend
44$2,440,000$2,440,000$2,440,000$2,440,000
45$2,694,330$2,565,010$2,527,190$2,776,392
46$2,906,304$2,627,848$2,549,003$2,899,325
47$3,137,920$2,691,785$2,569,567$3,026,019
48$3,391,118$2,756,813$2,588,778$3,161,553
49$3,668,036$2,822,921$2,606,526$3,306,751
50$3,971,027$2,890,095$2,622,696$3,462,518
51$4,302,681$2,958,320$2,637,166$3,629,851
52$4,665,853$3,027,575$2,649,810$3,809,850
53$5,063,684$3,097,840$2,660,492$4,003,726
54$5,499,633$3,169,088$2,669,072$4,212,813
55$5,977,513$3,241,290$2,675,403$4,438,581
56$6,501,518$3,314,413$2,679,328$4,682,650
57$7,076,273$3,388,419$2,680,686$4,946,807
58$7,706,869$3,463,267$2,679,304$5,233,018
59$8,398,912$3,538,910$2,675,004$5,543,454
60$9,158,582$3,615,297$2,667,597$5,880,506
61$9,992,681$3,692,371$2,656,886$6,246,808
62$10,908,706$3,770,069$2,642,663$6,645,265
63$11,914,914$3,848,322$2,624,712$7,079,082
64$13,020,402$3,927,056$2,602,806$7,551,787
65$14,235,189$4,006,188$2,576,707$8,067,272
66$15,570,315$4,085,629$2,546,164$8,629,828
67$17,037,944$4,165,281$2,510,916$9,244,184
68$18,651,473$4,245,039$2,470,691$9,915,554
69$20,425,666$4,324,788$2,425,202$10,649,688
70$22,376,786$4,404,405$2,374,148$11,452,921
71$24,522,753$4,483,756$2,317,217$12,332,240
72$26,883,311$4,562,696$2,254,080$13,295,347
73$29,480,210$4,641,070$2,184,394$14,350,734
74$32,337,420$4,718,711$2,107,800$15,507,761
75$35,481,348$4,795,439$2,023,922$16,776,748
76$38,941,090$4,871,060$1,932,368$18,169,073
77$42,748,705$4,945,366$1,832,726$19,697,278
78$46,939,520$5,018,136$1,724,569$21,375,189
79$51,552,457$5,089,130$1,607,448$23,218,052
80$56,630,404$5,158,094$1,480,894$25,242,670
81$62,220,619$5,224,755$1,344,418$27,467,569
82$68,375,175$5,288,820$1,197,509$29,913,171
83$75,151,448$5,349,978$1,039,631$32,601,991
84$82,612,665$5,407,896$870,228$35,558,845
85$90,828,493$5,462,219$688,716$38,811,095
86$99,875,699$5,512,567$494,488$42,388,899
87$109,838,875$5,558,538$286,908$46,325,503
88$120,811,235$5,599,701$65,314$50,657,558
89$132,895,492$5,635,597$0$55,425,463
90$146,204,831$5,665,741$0$60,706,625
91$160,863,974$5,689,612$0$66,532,783
92$177,010,356$5,706,660$0$72,945,637
93$194,795,424$5,716,298$0$80,004,985
94$214,386,065$5,717,904$0$87,776,732
95$235,966,178$5,710,816$0$96,333,515
96$259,738,414$5,694,332$0$105,755,389
97$285,926,084$5,667,706$0$116,130,587
98$314,775,269$5,630,147$0$127,556,350
99$346,557,139$5,580,818$0$140,139,850
100$381,570,516$5,518,826$0$153,999,207