Can I retire at age 45 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$203,970$202,153$200,381$198,651$196,961$194,419
2 years$100,975$99,095$97,272$95,505$93,791$91,234
3 years$66,648$64,760$62,942$61,191$59,505$57,012
4 years$49,488$47,605$45,805$44,085$42,439$40,030
5 years$39,195$37,323$35,547$33,861$32,262$29,942
6 years$32,335$30,477$28,727$27,079$25,528$23,301
7 years$27,436$25,595$23,872$22,263$20,761$18,628
8 years$23,765$21,939$20,246$18,676$17,223$15,184
9 years$20,910$19,102$17,438$15,908$14,504$12,558
10 years$18,628$16,838$15,202$13,713$12,358$10,504
11 years$16,762$14,989$13,384$11,934$10,629$8,864
12 years$15,208$13,454$11,878$10,468$9,211$7,533
13 years$13,894$12,158$10,612$9,242$8,032$6,440
14 years$12,769$11,052$9,535$8,204$7,041$5,532
15 years$11,795$10,096$8,609$7,316$6,199$4,771
16 years$10,943$9,263$7,805$6,551$5,479$4,129
17 years$10,192$8,531$7,102$5,886$4,858$3,584
18 years$9,526$7,883$6,484$5,304$4,319$3,118
19 years$8,930$7,306$5,935$4,793$3,850$2,718
20 years$8,395$6,789$5,447$4,341$3,439$2,374
21 years$7,911$6,323$5,010$3,940$3,077$2,077
22 years$7,472$5,903$4,618$3,582$2,758$1,819
23 years$7,071$5,521$4,264$3,262$2,476$1,595
24 years$6,705$5,172$3,943$2,975$2,226$1,400
25 years$6,368$4,854$3,652$2,717$2,003$1,230
26 years$6,058$4,562$3,387$2,485$1,804$1,082
27 years$5,771$4,293$3,145$2,274$1,626$952
28 years$5,505$4,046$2,924$2,084$1,468$838
29 years$5,258$3,817$2,721$1,911$1,325$738
30 years$5,028$3,604$2,535$1,754$1,197$650
31 years$4,813$3,407$2,363$1,611$1,083$573
32 years$4,612$3,224$2,205$1,480$979$506
33 years$4,423$3,053$2,058$1,361$886$446
34 years$4,246$2,894$1,923$1,252$802$393
35 years$4,080$2,745$1,798$1,153$727$347
36 years$3,923$2,605$1,682$1,062$658$307
37 years$3,775$2,474$1,574$978$597$271
38 years$3,635$2,351$1,474$902$541$239
39 years$3,502$2,236$1,381$831$491$211
40 years$3,377$2,127$1,295$767$445$186
41 years$3,258$2,025$1,214$707$404$165
42 years$3,145$1,929$1,139$653$366$146
43 years$3,037$1,838$1,069$603$332$129
44 years$2,935$1,752$1,003$557$302$114
45 years$2,837$1,670$942$514$274$100
46 years$2,744$1,593$885$475$249$89
47 years$2,655$1,521$831$439$226$78
48 years$2,570$1,452$781$405$205$69
49 years$2,489$1,386$734$375$186$61
50 years$2,412$1,324$690$346$169$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,470,000, adding $5,731 every year, while hoping to spend $39,960 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: 73/10/17 Blend
44$2,470,000$2,470,000$2,470,000$2,470,000
45$2,727,852$2,596,942$2,558,657$2,915,907
46$2,963,575$2,681,675$2,601,854$3,126,135
47$3,222,004$2,769,220$2,645,160$3,350,936
48$3,505,410$2,859,674$2,688,535$3,596,152
49$3,816,299$2,953,135$2,731,938$3,863,800
50$4,157,429$3,049,706$2,775,325$4,156,104
51$4,531,837$3,149,493$2,818,650$4,475,509
52$4,942,872$3,252,605$2,861,862$4,824,712
53$5,394,219$3,359,156$2,904,908$5,206,680
54$5,889,939$3,469,265$2,947,732$5,624,683
55$6,434,506$3,583,052$2,990,275$6,082,322
56$7,032,849$3,700,645$3,032,472$6,583,564
57$7,690,396$3,822,173$3,074,256$7,132,780
58$8,413,129$3,947,773$3,115,557$7,734,782
59$9,207,638$4,077,583$3,156,297$8,394,873
60$10,081,182$4,211,750$3,196,399$9,118,894
61$11,041,761$4,350,424$3,235,776$9,913,282
62$12,098,186$4,493,760$3,274,340$10,785,127
63$13,260,166$4,641,919$3,311,995$11,742,238
64$14,538,399$4,795,070$3,348,644$12,793,223
65$15,944,672$4,953,384$3,384,179$13,947,563
66$17,491,970$5,117,041$3,418,491$15,215,704
67$19,194,602$5,286,227$3,451,461$16,609,155
68$21,068,334$5,461,135$3,482,967$18,140,599
69$23,130,536$5,641,963$3,512,880$19,824,009
70$25,400,351$5,828,919$3,541,060$21,674,779
71$27,898,867$6,022,216$3,567,366$23,709,873
72$30,649,323$6,222,077$3,591,645$25,947,984
73$33,677,327$6,428,731$3,613,738$28,409,706
74$37,011,092$6,642,417$3,633,476$31,117,734
75$40,681,710$6,863,382$3,650,684$34,097,074
76$44,723,439$7,091,882$3,665,177$37,375,279
77$49,174,029$7,328,183$3,676,759$40,982,712
78$54,075,076$7,572,560$3,685,226$44,952,829
79$59,472,416$7,825,298$3,690,364$49,322,495
80$65,416,558$8,086,693$3,691,946$54,132,335
81$71,963,158$8,357,053$3,689,738$59,427,113
82$79,173,546$8,636,694$3,683,490$65,256,155
83$87,115,303$8,925,947$3,672,942$71,673,819
84$95,862,900$9,225,155$3,657,822$78,739,999
85$105,498,399$9,534,671$3,637,843$86,520,702
86$116,112,231$9,854,864$3,612,705$95,088,658
87$127,804,042$10,186,117$3,582,094$104,524,017
88$140,683,642$10,528,824$3,545,682$114,915,098
89$154,872,034$10,883,397$3,503,123$126,359,228
90$170,502,559$11,250,261$3,454,056$138,963,657
91$187,722,156$11,629,860$3,398,102$152,846,569
92$206,692,745$12,022,652$3,334,867$168,138,202
93$227,592,756$12,429,112$3,263,936$184,982,075
94$250,618,814$12,849,736$3,184,875$203,536,340
95$275,987,596$13,285,036$3,097,231$223,975,279
96$303,937,871$13,735,544$3,000,530$246,490,947
97$334,732,761$14,201,812$2,894,274$271,294,983
98$368,662,215$14,684,414$2,777,945$298,620,613
99$406,045,756$15,183,945$2,651,001$328,724,845
100$447,235,488$15,701,023$2,512,874$361,890,899