Can I retire at age 45 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$208,099$206,246$204,437$202,672$200,948$196,330
2 years$103,019$101,101$99,241$97,438$95,690$91,062
3 years$67,997$66,070$64,216$62,430$60,709$56,217
4 years$50,490$48,569$46,733$44,977$43,299$38,976
5 years$39,988$38,079$36,266$34,547$32,915$28,775
6 years$32,989$31,094$29,309$27,627$26,044$22,091
7 years$27,992$26,113$24,356$22,714$21,181$17,415
8 years$24,246$22,383$20,655$19,054$17,572$13,991
9 years$21,333$19,489$17,791$16,230$14,798$11,400
10 years$19,005$17,178$15,510$13,990$12,609$9,390
11 years$17,101$15,293$13,655$12,176$10,844$7,800
12 years$15,516$13,726$12,118$10,680$9,397$6,523
13 years$14,175$12,404$10,827$9,429$8,194$5,485
14 years$13,027$11,275$9,728$8,370$7,183$4,633
15 years$12,033$10,300$8,783$7,464$6,325$3,928
16 years$11,165$9,450$7,963$6,683$5,590$3,340
17 years$10,399$8,703$7,246$6,005$4,956$2,847
18 years$9,719$8,042$6,615$5,412$4,407$2,433
19 years$9,111$7,453$6,056$4,890$3,928$2,082
20 years$8,565$6,926$5,558$4,429$3,508$1,785
21 years$8,071$6,451$5,112$4,019$3,140$1,532
22 years$7,623$6,022$4,711$3,655$2,814$1,316
23 years$7,214$5,632$4,350$3,328$2,526$1,132
24 years$6,840$5,277$4,023$3,036$2,271$974
25 years$6,497$4,952$3,726$2,772$2,043$839
26 years$6,180$4,654$3,456$2,535$1,840$723
27 years$5,888$4,380$3,209$2,320$1,659$624
28 years$5,617$4,128$2,983$2,126$1,497$538
29 years$5,364$3,894$2,776$1,949$1,352$464
30 years$5,130$3,677$2,586$1,789$1,222$401
31 years$4,910$3,476$2,411$1,643$1,104$346
32 years$4,705$3,289$2,249$1,510$999$299
33 years$4,513$3,115$2,100$1,389$904$258
34 years$4,332$2,952$1,962$1,278$819$223
35 years$4,162$2,800$1,835$1,176$741$193
36 years$4,002$2,658$1,716$1,083$672$167
37 years$3,851$2,524$1,606$998$609$144
38 years$3,708$2,399$1,504$920$552$125
39 years$3,573$2,281$1,409$848$501$108
40 years$3,445$2,170$1,321$782$454$93
41 years$3,324$2,066$1,239$722$412$81
42 years$3,208$1,968$1,162$666$374$70
43 years$3,099$1,875$1,090$615$339$60
44 years$2,994$1,787$1,023$568$308$52
45 years$2,895$1,704$961$524$280$45
46 years$2,800$1,626$903$484$254$39
47 years$2,709$1,551$848$447$230$34
48 years$2,622$1,481$797$414$209$29
49 years$2,540$1,414$749$382$190$25
50 years$2,460$1,351$704$353$173$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,520,000, adding $3,117 every year, while hoping to spend $45,314 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: 73/20/7 Blend
44$2,520,000$2,520,000$2,520,000$2,520,000
45$2,780,255$2,646,695$2,607,635$2,980,252
46$3,015,627$2,728,170$2,646,777$3,193,978
47$3,273,489$2,812,117$2,685,712$3,421,978
48$3,556,086$2,898,612$2,724,384$3,670,396
49$3,865,892$2,987,729$2,762,736$3,941,234
50$4,205,631$3,079,546$2,800,706$4,236,695
51$4,578,304$3,174,143$2,838,228$4,559,205
52$4,987,216$3,271,601$2,875,234$4,911,436
53$5,436,008$3,372,005$2,911,651$5,296,330
54$5,928,690$3,475,443$2,947,400$5,717,123
55$6,469,680$3,582,002$2,982,401$6,177,384
56$7,063,842$3,691,775$3,016,566$6,681,040
57$7,716,538$3,804,856$3,049,805$7,232,416
58$8,433,672$3,921,342$3,082,021$7,836,276
59$9,221,751$4,041,332$3,113,113$8,497,868
60$10,087,941$4,164,929$3,142,974$9,222,971
61$11,040,138$4,292,237$3,171,490$10,017,951
62$12,087,040$4,423,365$3,198,544$10,889,819
63$13,238,232$4,558,424$3,224,009$11,846,301
64$14,504,273$4,697,527$3,247,754$12,895,905
65$15,896,795$4,840,793$3,269,641$14,048,004
66$17,428,618$4,988,341$3,289,522$15,312,924
67$19,113,861$5,140,294$3,307,246$16,702,042
68$20,968,087$5,296,781$3,322,651$18,227,890
69$23,008,439$5,457,930$3,335,567$19,904,276
70$25,253,808$5,623,877$3,345,816$21,746,411
71$27,725,007$5,794,757$3,353,212$23,771,054
72$30,444,971$5,970,714$3,357,558$25,996,672
73$33,438,970$6,151,890$3,358,648$28,443,608
74$36,734,848$6,338,436$3,356,265$31,134,279
75$40,363,286$6,530,503$3,350,184$34,093,381
76$44,358,091$6,728,248$3,340,165$37,348,128
77$48,756,516$6,931,831$3,325,960$40,928,502
78$53,599,608$7,141,418$3,307,307$44,867,542
79$58,932,597$7,357,177$3,283,932$49,201,649
80$64,805,326$7,579,283$3,255,547$53,970,934
81$71,272,713$7,807,912$3,221,852$59,219,595
82$78,395,277$8,043,247$3,182,531$64,996,331
83$86,239,705$8,285,475$3,137,255$71,354,805
84$94,879,479$8,534,787$3,085,677$78,354,146
85$104,395,575$8,791,381$3,027,436$86,059,512
86$114,877,221$9,055,457$2,962,154$94,542,699
87$126,422,745$9,327,221$2,889,433$103,882,821
88$139,140,496$9,606,886$2,808,860$114,167,056
89$153,149,870$9,894,667$2,720,000$125,491,469
90$168,582,437$10,190,786$2,622,400$137,961,916
91$185,583,181$10,495,470$2,515,586$151,695,045
92$204,311,870$10,808,952$2,399,062$166,819,395
93$224,944,559$11,131,469$2,272,310$183,476,610
94$247,675,258$11,463,265$2,134,786$201,822,775
95$272,717,759$11,804,590$1,985,926$222,029,889
96$300,307,653$12,155,697$1,825,138$244,287,487
97$330,704,556$12,516,849$1,651,802$268,804,429
98$364,194,557$12,888,311$1,465,273$295,810,873
99$401,092,919$13,270,355$1,264,877$325,560,444
100$441,747,056$13,663,261$1,049,910$358,332,632