Can I retire at age 45 with 2,620,000?

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 $2,620,000?

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$216,357$214,430$212,550$210,714$208,922$206,226
2 years$107,108$105,113$103,179$101,305$99,487$96,774
3 years$70,696$68,692$66,764$64,907$63,119$60,474
4 years$52,493$50,496$48,587$46,762$45,017$42,461
5 years$41,575$39,590$37,706$35,918$34,221$31,761
6 years$34,298$32,328$30,472$28,724$27,078$24,716
7 years$29,103$27,149$25,322$23,615$22,022$19,760
8 years$25,208$23,272$21,475$19,810$18,269$16,106
9 years$22,180$20,262$18,497$16,874$15,385$13,321
10 years$19,759$17,860$16,126$14,546$13,109$11,142
11 years$17,780$15,900$14,197$12,659$11,274$9,402
12 years$16,132$14,271$12,599$11,104$9,770$7,991
13 years$14,738$12,897$11,257$9,803$8,520$6,831
14 years$13,544$11,723$10,114$8,702$7,468$5,868
15 years$12,511$10,709$9,132$7,761$6,576$5,061
16 years$11,608$9,825$8,279$6,949$5,812$4,380
17 years$10,811$9,049$7,534$6,243$5,153$3,801
18 years$10,104$8,361$6,877$5,627$4,582$3,307
19 years$9,472$7,749$6,296$5,084$4,084$2,883
20 years$8,905$7,201$5,778$4,605$3,648$2,518
21 years$8,391$6,707$5,315$4,179$3,264$2,203
22 years$7,925$6,261$4,898$3,800$2,926$1,929
23 years$7,501$5,856$4,523$3,460$2,627$1,692
24 years$7,112$5,487$4,183$3,156$2,361$1,485
25 years$6,755$5,149$3,874$2,882$2,124$1,305
26 years$6,426$4,839$3,593$2,635$1,914$1,147
27 years$6,121$4,554$3,336$2,412$1,725$1,009
28 years$5,839$4,291$3,102$2,210$1,557$889
29 years$5,577$4,048$2,886$2,027$1,406$783
30 years$5,333$3,823$2,689$1,860$1,270$690
31 years$5,105$3,614$2,506$1,708$1,148$608
32 years$4,892$3,420$2,339$1,570$1,039$536
33 years$4,692$3,239$2,184$1,444$940$473
34 years$4,504$3,070$2,040$1,328$851$417
35 years$4,328$2,911$1,907$1,223$771$368
36 years$4,161$2,763$1,784$1,126$698$325
37 years$4,004$2,625$1,670$1,038$633$287
38 years$3,856$2,494$1,564$956$574$254
39 years$3,715$2,372$1,465$882$520$224
40 years$3,582$2,257$1,373$813$472$198
41 years$3,456$2,148$1,288$750$428$175
42 years$3,336$2,046$1,208$693$389$154
43 years$3,222$1,949$1,134$639$353$136
44 years$3,113$1,858$1,064$590$320$121
45 years$3,009$1,772$999$545$291$107
46 years$2,911$1,690$938$504$264$94
47 years$2,817$1,613$882$465$240$83
48 years$2,726$1,540$828$430$218$74
49 years$2,640$1,470$779$397$198$65
50 years$2,558$1,405$732$367$180$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,620,000, adding $3,663 every year, while hoping to spend $36,293 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: 41/40/19 Blend
44$2,620,000$2,620,000$2,620,000$2,620,000
45$2,891,018$2,752,158$2,711,548$2,993,223
46$3,147,287$2,848,399$2,763,770$3,162,520
47$3,428,478$2,948,138$2,816,524$3,341,861
48$3,737,096$3,051,511$2,869,791$3,535,220
49$4,075,899$3,158,654$2,923,548$3,743,899
50$4,447,925$3,269,712$2,977,772$3,969,326
51$4,856,521$3,384,835$3,032,434$4,213,071
52$5,305,373$3,504,179$3,087,507$4,476,858
53$5,798,542$3,627,905$3,142,960$4,762,586
54$6,340,504$3,756,183$3,198,760$5,072,340
55$6,936,187$3,889,187$3,254,870$5,408,414
56$7,591,021$4,027,100$3,311,251$5,773,330
57$8,310,990$4,170,113$3,367,863$6,169,863
58$9,102,685$4,318,422$3,424,660$6,601,066
59$9,973,367$4,472,234$3,481,595$7,070,297
60$10,931,039$4,631,762$3,538,616$7,581,250
61$11,984,516$4,797,229$3,595,671$8,137,993
62$13,143,510$4,968,867$3,652,699$8,744,999
63$14,418,724$5,146,917$3,709,641$9,407,193
64$15,821,949$5,331,631$3,766,429$10,129,994
65$17,366,177$5,523,270$3,822,993$10,919,371
66$19,065,723$5,722,106$3,879,260$11,781,889
67$20,936,362$5,928,424$3,935,150$12,724,780
68$22,995,472$6,142,519$3,990,579$13,756,004
69$25,262,205$6,364,697$4,045,458$14,884,325
70$27,757,663$6,595,280$4,099,694$16,119,393
71$30,505,096$6,834,601$4,153,186$17,471,835
72$33,530,127$7,083,007$4,205,828$18,953,352
73$36,860,987$7,340,861$4,257,510$20,576,830
74$40,528,784$7,608,539$4,308,113$22,356,459
75$44,567,797$7,886,435$4,357,512$24,307,868
76$49,015,800$8,174,958$4,405,576$26,448,269
77$53,914,415$8,474,534$4,452,166$28,796,621
78$59,309,507$8,785,608$4,497,136$31,373,804
79$65,251,617$9,108,643$4,540,330$34,202,818
80$71,796,437$9,444,122$4,581,586$37,308,996
81$79,005,337$9,792,548$4,620,733$40,720,245
82$86,945,943$10,154,445$4,657,589$44,467,303
83$95,692,776$10,530,359$4,691,966$48,584,033
84$105,327,955$10,920,862$4,723,661$53,107,738
85$115,941,968$11,326,546$4,752,466$58,079,511
86$127,634,534$11,748,032$4,778,159$63,544,623
87$140,515,535$12,185,964$4,800,506$69,552,947
88$154,706,061$12,641,018$4,819,264$76,159,428
89$170,339,545$13,113,893$4,834,175$83,424,598
90$187,563,029$13,605,324$4,844,970$91,415,150
91$206,538,547$14,116,074$4,851,366$100,204,558
92$227,444,656$14,646,940$4,853,064$109,873,774
93$250,478,123$15,198,752$4,849,754$120,511,988
94$275,855,778$15,772,377$4,841,107$132,217,470
95$303,816,564$16,368,720$4,826,781$145,098,490
96$334,623,790$16,988,723$4,806,414$159,274,342
97$368,567,618$17,633,372$4,779,630$174,876,466
98$405,967,800$18,303,693$4,746,034$192,049,687
99$447,176,700$19,000,758$4,705,210$210,953,578
100$492,582,613$19,725,685$4,656,724$231,763,962