Can I retire at age 45 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$218,009$216,067$214,172$212,323$210,517$209,542
2 years$107,925$105,915$103,967$102,078$100,246$99,262
3 years$71,235$69,217$67,274$65,403$63,600$62,637
4 years$52,894$50,882$48,958$47,119$45,360$44,426
5 years$41,892$39,892$37,993$36,192$34,482$33,579
6 years$34,560$32,575$30,704$28,943$27,285$26,414
7 years$29,325$27,356$25,515$23,796$22,190$21,353
8 years$25,400$23,449$21,639$19,961$18,408$17,605
9 years$22,349$20,417$18,638$17,003$15,503$14,732
10 years$19,910$17,996$16,249$14,657$13,209$12,471
11 years$17,916$16,021$14,305$12,756$11,360$10,654
12 years$16,255$14,380$12,695$11,188$9,844$9,170
13 years$14,850$12,995$11,343$9,878$8,585$7,941
14 years$13,648$11,812$10,191$8,768$7,525$6,912
15 years$12,606$10,791$9,201$7,820$6,626$6,042
16 years$11,696$9,900$8,342$7,002$5,856$5,301
17 years$10,894$9,118$7,591$6,291$5,192$4,665
18 years$10,181$8,425$6,930$5,669$4,617$4,116
19 years$9,545$7,808$6,344$5,123$4,115$3,641
20 years$8,973$7,256$5,822$4,640$3,676$3,226
21 years$8,455$6,759$5,355$4,211$3,289$2,864
22 years$7,986$6,309$4,936$3,829$2,948$2,547
23 years$7,558$5,901$4,557$3,487$2,647$2,268
24 years$7,166$5,528$4,215$3,180$2,379$2,021
25 years$6,806$5,188$3,904$2,904$2,141$1,804
26 years$6,475$4,876$3,620$2,656$1,928$1,611
27 years$6,168$4,589$3,362$2,431$1,738$1,440
28 years$5,884$4,324$3,125$2,227$1,569$1,288
29 years$5,620$4,079$2,908$2,042$1,416$1,153
30 years$5,374$3,852$2,709$1,874$1,280$1,033
31 years$5,144$3,642$2,526$1,721$1,157$926
32 years$4,929$3,446$2,356$1,582$1,047$830
33 years$4,728$3,263$2,200$1,455$947$744
34 years$4,539$3,093$2,056$1,339$858$668
35 years$4,361$2,934$1,922$1,232$777$599
36 years$4,193$2,784$1,798$1,135$704$538
37 years$4,035$2,645$1,683$1,046$638$483
38 years$3,885$2,513$1,576$964$578$434
39 years$3,743$2,390$1,476$889$524$390
40 years$3,609$2,274$1,384$820$476$350
41 years$3,482$2,164$1,298$756$432$315
42 years$3,361$2,061$1,217$698$392$283
43 years$3,246$1,964$1,142$644$355$254
44 years$3,137$1,872$1,072$595$323$229
45 years$3,032$1,785$1,007$549$293$206
46 years$2,933$1,703$946$507$266$185
47 years$2,838$1,625$888$469$241$166
48 years$2,747$1,551$835$433$219$150
49 years$2,661$1,482$785$400$199$135
50 years$2,578$1,415$738$370$181$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,640,000, adding $2,863 every year, while hoping to spend $28,424 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: 55/34/11 Blend
44$2,640,000$2,640,000$2,640,000$2,640,000
45$2,912,233$2,772,313$2,731,393$3,064,170
46$3,179,038$2,877,914$2,792,652$3,273,046
47$3,472,104$2,987,736$2,855,010$3,497,005
48$3,794,081$3,101,957$2,918,475$3,740,183
49$4,147,885$3,220,761$2,983,052$4,004,415
50$4,536,732$3,344,341$3,048,747$4,291,720
51$4,964,163$3,472,897$3,115,564$4,604,315
52$5,434,079$3,606,641$3,183,507$4,944,642
53$5,950,779$3,745,791$3,252,579$5,315,383
54$6,519,000$3,890,575$3,322,781$5,719,491
55$7,143,957$4,041,233$3,394,113$6,160,215
56$7,831,401$4,198,013$3,466,576$6,641,126
57$8,587,665$4,361,177$3,540,168$7,166,157
58$9,419,728$4,530,996$3,614,885$7,739,635
59$10,335,280$4,707,754$3,690,722$8,366,320
60$11,342,791$4,891,747$3,767,675$9,051,454
61$12,451,599$5,083,286$3,845,735$9,800,802
62$13,671,988$5,282,692$3,924,893$10,620,716
63$15,015,291$5,490,305$4,005,138$11,518,181
64$16,493,998$5,706,477$4,086,457$12,500,894
65$18,121,868$5,931,577$4,168,835$13,577,322
66$19,914,063$6,165,989$4,252,256$14,756,792
67$21,887,291$6,410,116$4,336,700$16,049,571
68$24,059,961$6,664,377$4,422,145$17,466,965
69$26,452,358$6,929,213$4,508,569$19,021,422
70$29,086,836$7,205,082$4,595,943$20,726,652
71$31,988,025$7,492,463$4,684,239$22,597,752
72$35,183,067$7,791,857$4,773,424$24,651,346
73$38,701,870$8,103,788$4,863,464$26,905,744
74$42,577,389$8,428,802$4,954,319$29,381,113
75$46,845,941$8,767,472$5,045,947$32,099,663
76$51,547,544$9,120,395$5,138,303$35,085,857
77$56,726,295$9,488,195$5,231,337$38,366,638
78$62,430,787$9,871,526$5,324,996$41,971,688
79$68,714,566$10,271,071$5,419,223$45,933,697
80$75,636,641$10,687,542$5,513,956$50,288,677
81$83,262,032$11,121,685$5,609,127$55,076,297
82$91,662,392$11,574,281$5,704,666$60,340,255
83$100,916,680$12,046,144$5,800,496$66,128,690
84$111,111,904$12,538,128$5,896,535$72,494,634
85$122,343,944$13,051,123$5,992,696$79,496,507
86$134,718,460$13,586,061$6,088,884$87,198,672
87$148,351,883$14,143,917$6,185,001$95,672,033
88$163,372,517$14,725,711$6,280,941$104,994,708
89$179,921,751$15,332,509$6,376,590$115,252,761
90$198,155,391$15,965,424$6,471,828$126,541,010
91$218,245,135$16,625,623$6,566,527$138,963,921
92$240,380,186$17,314,326$6,660,553$152,636,591
93$264,769,044$18,032,807$6,753,761$167,685,832
94$291,641,474$18,782,402$6,845,999$184,251,361
95$321,250,669$19,564,505$6,937,106$202,487,119
96$353,875,649$20,380,577$7,026,910$222,562,722
97$389,823,885$21,232,145$7,115,231$244,665,052
98$429,434,208$22,120,807$7,201,878$269,000,024
99$473,080,005$23,048,234$7,286,649$295,794,520
100$521,172,743$24,016,176$7,369,330$325,298,531