Can I retire at age 45 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$224,615$222,614$220,662$218,757$216,897$215,801
2 years$111,196$109,125$107,118$105,172$103,284$102,179
3 years$73,394$71,314$69,312$67,384$65,528$64,446
4 years$54,497$52,423$50,442$48,547$46,735$45,686
5 years$43,162$41,101$39,145$37,289$35,527$34,514
6 years$35,607$33,562$31,635$29,820$28,111$27,135
7 years$30,213$28,185$26,289$24,517$22,862$21,923
8 years$26,170$24,160$22,295$20,566$18,966$18,065
9 years$23,027$21,035$19,203$17,518$15,972$15,108
10 years$20,513$18,542$16,741$15,101$13,609$12,781
11 years$18,458$16,507$14,739$13,142$11,704$10,913
12 years$16,747$14,815$13,080$11,527$10,143$9,387
13 years$15,300$13,389$11,686$10,177$8,845$8,124
14 years$14,061$12,170$10,500$9,034$7,753$7,066
15 years$12,988$11,118$9,480$8,057$6,827$6,173
16 years$12,051$10,200$8,595$7,214$6,033$5,412
17 years$11,224$9,394$7,821$6,482$5,350$4,759
18 years$10,490$8,680$7,140$5,841$4,757$4,197
19 years$9,834$8,045$6,536$5,278$4,240$3,709
20 years$9,244$7,476$5,999$4,780$3,787$3,285
21 years$8,712$6,963$5,518$4,338$3,389$2,914
22 years$8,228$6,500$5,085$3,945$3,038$2,589
23 years$7,787$6,079$4,695$3,592$2,727$2,304
24 years$7,383$5,696$4,342$3,277$2,451$2,052
25 years$7,013$5,345$4,022$2,992$2,205$1,830
26 years$6,671$5,024$3,730$2,736$1,987$1,633
27 years$6,355$4,728$3,464$2,504$1,791$1,458
28 years$6,062$4,455$3,220$2,295$1,616$1,304
29 years$5,790$4,203$2,997$2,104$1,459$1,166
30 years$5,537$3,969$2,791$1,931$1,319$1,043
31 years$5,300$3,752$2,602$1,774$1,192$934
32 years$5,079$3,550$2,428$1,630$1,078$837
33 years$4,871$3,362$2,267$1,499$976$750
34 years$4,676$3,187$2,118$1,379$884$672
35 years$4,493$3,023$1,980$1,270$800$603
36 years$4,320$2,869$1,852$1,169$725$541
37 years$4,157$2,725$1,734$1,077$657$485
38 years$4,003$2,589$1,624$993$596$436
39 years$3,857$2,462$1,521$916$540$391
40 years$3,719$2,343$1,426$844$490$351
41 years$3,588$2,230$1,337$779$445$315
42 years$3,463$2,124$1,254$719$403$283
43 years$3,345$2,024$1,177$664$366$254
44 years$3,232$1,929$1,105$613$332$228
45 years$3,124$1,839$1,037$566$302$205
46 years$3,022$1,755$974$523$274$184
47 years$2,924$1,674$915$483$249$166
48 years$2,831$1,599$860$446$226$149
49 years$2,741$1,526$808$412$205$134
50 years$2,656$1,458$760$381$186$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,720,000, adding $5,882 every year, while hoping to spend $34,553 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: 55/22/23 Blend
44$2,720,000$2,720,000$2,720,000$2,720,000
45$3,003,507$2,859,347$2,817,187$3,149,513
46$3,273,101$2,962,691$2,874,799$3,353,652
47$3,569,035$3,069,941$2,933,183$3,571,734
48$3,893,960$3,181,251$2,992,327$3,808,507
49$4,250,795$3,296,784$3,052,221$4,065,776
50$4,642,756$3,416,706$3,112,851$4,345,526
51$5,073,386$3,541,194$3,174,200$4,649,941
52$5,546,588$3,670,429$3,236,253$4,981,425
53$6,066,662$3,804,602$3,298,989$5,342,623
54$6,638,345$3,943,910$3,362,388$5,736,447
55$7,266,854$4,088,561$3,426,427$6,166,102
56$7,957,941$4,238,768$3,491,080$6,635,118
57$8,717,940$4,394,756$3,556,320$7,147,377
58$9,553,830$4,556,759$3,622,117$7,707,159
59$10,473,300$4,725,020$3,688,437$8,319,171
60$11,484,823$4,899,792$3,755,246$8,988,599
61$12,597,734$5,081,341$3,822,505$9,721,153
62$13,822,317$5,269,941$3,890,174$10,523,121
63$15,169,906$5,465,880$3,958,207$11,401,427
64$16,652,987$5,669,459$4,026,558$12,363,698
65$18,285,318$5,880,989$4,095,174$13,418,332
66$20,082,059$6,100,796$4,164,001$14,574,580
67$22,059,915$6,329,221$4,232,981$15,842,632
68$24,237,290$6,566,617$4,302,050$17,233,709
69$26,634,467$6,813,355$4,371,142$18,760,175
70$29,273,793$7,069,819$4,440,185$20,435,645
71$32,179,891$7,336,412$4,509,103$22,275,120
72$35,379,898$7,613,554$4,577,815$24,295,123
73$38,903,711$7,901,681$4,646,236$26,513,858
74$42,784,278$8,201,252$4,714,273$28,951,376
75$47,057,902$8,512,742$4,781,830$31,629,770
76$51,764,590$8,836,648$4,848,803$34,573,377
77$56,948,424$9,173,489$4,915,083$37,809,009
78$62,657,979$9,523,806$4,980,554$41,366,206
79$68,946,785$9,888,165$5,045,095$45,277,512
80$75,873,827$10,267,154$5,108,575$49,578,785
81$83,504,103$10,661,390$5,170,858$54,309,530
82$91,909,237$11,071,515$5,231,798$59,513,272
83$101,168,159$11,498,198$5,291,243$65,237,969
84$111,367,842$11,942,141$5,349,030$71,536,458
85$122,604,130$12,404,074$5,404,991$78,466,960
86$134,982,637$12,884,759$5,458,944$86,093,620
87$148,619,748$13,384,994$5,510,700$94,487,119
88$163,643,714$13,905,611$5,560,060$103,725,333
89$180,195,864$14,447,477$5,606,814$113,894,075
90$198,431,939$15,011,500$5,650,739$125,087,894
91$218,523,561$15,598,627$5,691,602$137,410,975
92$240,659,852$16,209,848$5,729,159$150,978,115
93$265,049,222$16,846,196$5,763,151$165,915,808
94$291,921,333$17,508,750$5,793,307$182,363,438
95$321,529,267$18,198,637$5,819,341$200,474,590
96$354,151,918$18,917,035$5,840,954$220,418,503
97$390,096,618$19,665,175$5,857,831$242,381,661
98$429,702,047$20,444,342$5,869,641$266,569,554
99$473,341,419$21,255,878$5,876,038$293,208,618
100$521,426,015$22,101,187$5,876,657$322,548,366