Can I retire at age 45 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$209,751$207,882$206,060$204,280$202,543$196,060
2 years$103,837$101,903$100,029$98,212$96,449$89,977
3 years$68,537$66,595$64,725$62,925$61,191$54,933
4 years$50,891$48,954$47,103$45,334$43,642$37,647
5 years$40,305$38,381$36,554$34,821$33,176$27,459
6 years$33,251$31,341$29,541$27,847$26,251$20,817
7 years$28,214$26,320$24,549$22,894$21,349$16,198
8 years$24,438$22,561$20,819$19,205$17,711$12,839
9 years$21,503$19,643$17,932$16,359$14,915$10,317
10 years$19,156$17,315$15,633$14,101$12,709$8,377
11 years$17,237$15,414$13,763$12,272$10,930$6,856
12 years$15,639$13,835$12,215$10,765$9,472$5,648
13 years$14,288$12,503$10,913$9,503$8,259$4,676
14 years$13,131$11,365$9,805$8,436$7,240$3,888
15 years$12,129$10,382$8,853$7,524$6,375$3,243
16 years$11,253$9,525$8,026$6,737$5,634$2,712
17 years$10,481$8,772$7,304$6,053$4,996$2,274
18 years$9,796$8,106$6,667$5,455$4,442$1,910
19 years$9,183$7,513$6,104$4,929$3,959$1,607
20 years$8,633$6,981$5,602$4,464$3,536$1,353
21 years$8,135$6,503$5,152$4,051$3,165$1,141
22 years$7,683$6,070$4,749$3,684$2,837$963
23 years$7,272$5,677$4,385$3,355$2,546$814
24 years$6,895$5,319$4,055$3,060$2,289$688
25 years$6,549$4,992$3,756$2,794$2,059$581
26 years$6,229$4,691$3,483$2,555$1,855$492
27 years$5,934$4,415$3,235$2,339$1,673$416
28 years$5,661$4,160$3,007$2,143$1,509$353
29 years$5,407$3,925$2,798$1,965$1,363$299
30 years$5,170$3,707$2,606$1,803$1,231$253
31 years$4,949$3,504$2,430$1,656$1,113$214
32 years$4,743$3,315$2,267$1,522$1,007$182
33 years$4,549$3,140$2,117$1,400$911$154
34 years$4,367$2,976$1,978$1,288$825$130
35 years$4,195$2,822$1,849$1,185$747$111
36 years$4,034$2,679$1,730$1,092$677$94
37 years$3,882$2,544$1,619$1,006$614$79
38 years$3,738$2,418$1,516$927$556$67
39 years$3,602$2,299$1,421$855$505$57
40 years$3,473$2,188$1,331$789$458$48
41 years$3,350$2,082$1,248$728$415$41
42 years$3,234$1,983$1,171$671$377$35
43 years$3,123$1,890$1,099$620$342$30
44 years$3,018$1,801$1,032$572$310$25
45 years$2,918$1,718$969$529$282$21
46 years$2,822$1,639$910$488$256$18
47 years$2,731$1,564$855$451$232$15
48 years$2,643$1,493$803$417$211$13
49 years$2,560$1,425$755$385$192$11
50 years$2,480$1,362$710$356$174$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,540,000, adding $4,670 every year, while hoping to spend $27,916 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: 53/22/25 Blend
44$2,540,000$2,540,000$2,540,000$2,540,000
45$2,803,897$2,669,277$2,629,907$2,932,809
46$3,060,192$2,770,369$2,688,307$3,123,448
47$3,341,694$2,875,479$2,747,727$3,327,540
48$3,650,943$2,984,775$2,808,173$3,549,072
49$3,990,741$3,098,430$2,869,648$3,789,720
50$4,364,171$3,216,628$2,932,155$4,051,329
51$4,774,632$3,339,558$2,995,698$4,335,927
52$5,225,867$3,467,419$3,060,277$4,645,749
53$5,722,001$3,600,418$3,125,892$4,983,251
54$6,267,579$3,738,772$3,192,542$5,351,136
55$6,867,606$3,882,706$3,260,227$5,752,381
56$7,527,599$4,032,456$3,328,941$6,190,260
57$8,253,636$4,188,267$3,398,682$6,668,380
58$9,052,412$4,350,398$3,469,444$7,190,709
59$9,931,306$4,519,115$3,541,218$7,761,617
60$10,898,447$4,694,700$3,613,997$8,385,913
61$11,962,792$4,877,443$3,687,769$9,068,895
62$13,134,210$5,067,652$3,762,523$9,816,393
63$14,423,576$5,265,643$3,838,244$10,634,830
64$15,842,872$5,471,752$3,914,917$11,531,276
65$17,405,302$5,686,324$3,992,523$12,513,519
66$19,125,412$5,909,724$4,071,042$13,590,134
67$21,019,235$6,142,330$4,150,452$14,770,565
68$23,104,432$6,384,540$4,230,728$16,065,215
69$25,400,469$6,636,767$4,311,842$17,485,541
70$27,928,791$6,899,443$4,393,763$19,044,160
71$30,713,034$7,173,022$4,476,460$20,754,972
72$33,779,237$7,457,974$4,559,895$22,633,286
73$37,156,098$7,754,793$4,644,030$24,695,967
74$40,875,236$8,063,994$4,728,822$26,961,591
75$44,971,498$8,386,117$4,814,225$29,450,622
76$49,483,278$8,721,724$4,900,189$32,185,603
77$54,452,887$9,071,404$4,986,660$35,191,368
78$59,926,949$9,435,770$5,073,581$38,495,274
79$65,956,841$9,815,467$5,160,889$42,127,463
80$72,599,179$10,211,164$5,248,519$46,121,138
81$79,916,350$10,623,566$5,336,399$50,512,881
82$87,977,101$11,053,404$5,424,452$55,342,995
83$96,857,192$11,501,448$5,512,598$60,655,884
84$106,640,105$11,968,497$5,600,748$66,500,470
85$117,417,834$12,455,392$5,688,812$72,930,652
86$129,291,755$12,963,009$5,776,689$80,005,817
87$142,373,581$13,492,263$5,864,276$87,791,397
88$156,786,417$14,044,115$5,951,459$96,359,484
89$172,665,920$14,619,565$6,038,122$105,789,512
90$190,161,582$15,219,661$6,124,137$116,169,003
91$209,438,139$15,845,500$6,209,371$127,594,390
92$230,677,127$16,498,228$6,293,683$140,171,931
93$254,078,596$17,179,043$6,376,923$154,018,704
94$279,862,995$17,889,198$6,458,932$169,263,713
95$308,273,256$18,630,005$6,539,542$186,049,105
96$339,577,088$19,402,835$6,618,577$204,531,508
97$374,069,499$20,209,122$6,695,847$224,883,508
98$412,075,586$21,050,367$6,771,156$247,295,277
99$453,953,601$21,928,140$6,844,295$271,976,363
100$500,098,331$22,844,082$6,915,042$299,157,670