Can I retire at age 45 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$226,267$224,251$222,285$220,366$218,491$212,434
2 years$112,013$109,927$107,905$105,945$104,044$97,986
3 years$73,934$71,839$69,822$67,880$66,010$60,142
4 years$54,898$52,809$50,812$48,904$47,079$41,445
5 years$43,479$41,403$39,433$37,563$35,788$30,405
6 years$35,869$33,809$31,867$30,039$28,318$23,190
7 years$30,436$28,392$26,482$24,697$23,030$18,158
8 years$26,362$24,337$22,459$20,718$19,106$14,486
9 years$23,196$21,190$19,344$17,647$16,090$11,718
10 years$20,664$18,678$16,864$15,212$13,709$9,580
11 years$18,594$16,628$14,847$13,239$11,790$7,897
12 years$16,870$14,924$13,176$11,612$10,217$6,553
13 years$15,413$13,487$11,772$10,252$8,910$5,466
14 years$14,165$12,260$10,577$9,100$7,810$4,579
15 years$13,084$11,199$9,550$8,116$6,877$3,849
16 years$12,139$10,275$8,658$7,267$6,078$3,245
17 years$11,307$9,463$7,879$6,529$5,389$2,743
18 years$10,567$8,744$7,192$5,884$4,792$2,322
19 years$9,906$8,104$6,584$5,317$4,271$1,970
20 years$9,312$7,531$6,043$4,815$3,815$1,673
21 years$8,776$7,015$5,558$4,370$3,414$1,423
22 years$8,288$6,548$5,123$3,974$3,060$1,211
23 years$7,844$6,124$4,730$3,619$2,747$1,032
24 years$7,438$5,738$4,374$3,301$2,469$880
25 years$7,064$5,385$4,052$3,014$2,222$751
26 years$6,720$5,061$3,758$2,756$2,001$641
27 years$6,402$4,763$3,489$2,523$1,804$547
28 years$6,107$4,488$3,244$2,311$1,628$468
29 years$5,833$4,234$3,019$2,120$1,470$400
30 years$5,577$3,998$2,812$1,945$1,328$341
31 years$5,339$3,780$2,621$1,787$1,201$292
32 years$5,116$3,576$2,446$1,642$1,086$250
33 years$4,907$3,387$2,284$1,510$983$214
34 years$4,711$3,210$2,134$1,389$890$183
35 years$4,526$3,045$1,995$1,279$806$156
36 years$4,352$2,890$1,866$1,178$730$134
37 years$4,187$2,745$1,747$1,085$662$114
38 years$4,032$2,608$1,636$1,000$600$98
39 years$3,885$2,480$1,532$922$544$84
40 years$3,746$2,360$1,436$851$494$72
41 years$3,614$2,246$1,347$785$448$61
42 years$3,488$2,139$1,263$724$406$53
43 years$3,369$2,038$1,185$669$369$45
44 years$3,256$1,943$1,113$617$335$39
45 years$3,147$1,853$1,045$570$304$33
46 years$3,044$1,768$981$527$276$28
47 years$2,946$1,687$922$487$251$24
48 years$2,851$1,610$866$450$228$21
49 years$2,761$1,538$814$416$207$18
50 years$2,675$1,469$766$384$188$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,740,000, adding $3,820 every year, while hoping to spend $47,814 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: 63/20/17 Blend
44$2,740,000$2,740,000$2,740,000$2,740,000
45$3,023,420$2,878,200$2,835,730$3,200,796
46$3,280,935$2,968,358$2,879,854$3,410,617
47$3,563,115$3,061,332$2,923,852$3,633,887
48$3,872,423$3,157,208$2,967,672$3,876,573
49$4,211,576$3,256,077$3,011,255$4,140,569
50$4,583,564$3,358,031$3,054,539$4,427,960
51$4,991,680$3,463,167$3,097,459$4,741,042
52$5,439,552$3,571,584$3,139,945$5,082,342
53$5,931,178$3,683,383$3,181,924$5,454,643
54$6,470,958$3,798,669$3,223,319$5,861,009
55$7,063,742$3,917,550$3,264,046$6,304,816
56$7,714,872$4,040,137$3,304,019$6,789,780
57$8,430,231$4,166,547$3,343,146$7,319,995
58$9,216,303$4,296,896$3,381,330$7,899,969
59$10,080,229$4,431,307$3,418,468$8,534,668
60$11,029,878$4,569,906$3,454,452$9,229,563
61$12,073,916$4,712,823$3,489,167$9,990,678
62$13,221,895$4,860,191$3,522,494$10,824,650
63$14,484,336$5,012,147$3,554,305$11,738,791
64$15,872,831$5,168,835$3,584,466$12,741,156
65$17,400,151$5,330,399$3,612,838$13,840,618
66$19,080,369$5,496,992$3,639,270$15,046,952
67$20,928,990$5,668,767$3,663,609$16,370,928
68$22,963,096$5,845,886$3,685,689$17,824,410
69$25,201,511$6,028,513$3,705,339$19,420,473
70$27,664,973$6,216,819$3,722,376$21,173,517
71$30,376,336$6,410,978$3,736,611$23,099,412
72$33,360,777$6,611,172$3,747,843$25,215,642
73$36,646,043$6,817,585$3,755,861$27,541,471
74$40,262,703$7,030,411$3,760,447$30,098,125
75$44,244,444$7,249,846$3,761,367$32,908,992
76$48,628,382$7,476,094$3,758,378$35,999,841
77$53,455,420$7,709,365$3,751,226$39,399,068
78$58,770,624$7,949,875$3,739,643$43,137,960
79$64,623,655$8,197,846$3,723,349$47,250,992
80$71,069,236$8,453,509$3,702,049$51,776,152
81$78,167,666$8,717,099$3,675,436$56,755,301
82$85,985,392$8,988,860$3,643,187$62,234,563
83$94,595,631$9,269,043$3,604,962$68,264,764
84$104,079,065$9,557,907$3,560,409$74,901,912
85$114,524,603$9,855,717$3,509,156$82,207,722
86$126,030,213$10,162,749$3,450,813$90,250,200
87$138,703,856$10,479,284$3,384,976$99,104,287
88$152,664,494$10,805,614$3,311,218$108,852,560
89$168,043,222$11,142,038$3,229,093$119,586,019
90$184,984,499$11,488,867$3,138,137$131,404,939
91$203,647,514$11,846,417$3,037,860$144,419,820
92$224,207,686$12,215,017$2,927,754$158,752,429
93$246,858,322$12,595,005$2,807,286$174,536,947
94$271,812,438$12,986,728$2,675,897$191,921,240
95$299,304,773$13,390,544$2,533,006$211,068,250
96$329,594,002$13,806,822$2,378,003$232,157,536
97$362,965,176$14,235,942$2,210,252$255,386,966
98$399,732,416$14,678,295$2,029,088$280,974,588
99$440,241,876$15,134,285$1,833,816$309,160,685
100$484,875,008$15,604,326$1,623,710$340,210,045