Can I retire at age 45 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$189,106$187,422$185,778$184,174$182,608$177,833
2 years$93,617$91,873$90,184$88,545$86,956$82,178
3 years$61,791$60,040$58,355$56,732$55,169$50,536
4 years$45,882$44,136$42,467$40,872$39,347$34,897
5 years$36,338$34,603$32,956$31,394$29,911$25,655
6 years$29,978$28,256$26,634$25,106$23,667$19,610
7 years$25,437$23,729$22,133$20,641$19,248$15,389
8 years$22,033$20,340$18,770$17,315$15,968$12,306
9 years$19,386$17,710$16,167$14,749$13,447$9,979
10 years$17,270$15,611$14,095$12,713$11,458$8,179
11 years$15,540$13,897$12,409$11,065$9,854$6,759
12 years$14,100$12,473$11,012$9,705$8,539$5,623
13 years$12,882$11,272$9,839$8,568$7,446$4,703
14 years$11,838$10,246$8,840$7,606$6,528$3,951
15 years$10,935$9,360$7,982$6,783$5,747$3,331
16 years$10,146$8,588$7,236$6,073$5,080$2,816
17 years$9,450$7,909$6,585$5,457$4,504$2,387
18 years$8,832$7,308$6,011$4,918$4,005$2,027
19 years$8,279$6,773$5,503$4,444$3,569$1,725
20 years$7,783$6,294$5,050$4,025$3,188$1,469
21 years$7,334$5,863$4,645$3,653$2,853$1,253
22 years$6,927$5,472$4,281$3,321$2,557$1,070
23 years$6,556$5,118$3,953$3,025$2,296$915
24 years$6,216$4,796$3,656$2,759$2,063$782
25 years$5,904$4,500$3,386$2,519$1,857$670
26 years$5,616$4,230$3,140$2,303$1,673$574
27 years$5,350$3,981$2,916$2,108$1,508$491
28 years$5,104$3,751$2,711$1,932$1,361$421
29 years$4,875$3,539$2,523$1,771$1,229$361
30 years$4,661$3,342$2,350$1,626$1,110$310
31 years$4,462$3,159$2,191$1,493$1,004$266
32 years$4,276$2,989$2,044$1,372$908$228
33 years$4,101$2,831$1,908$1,262$822$196
34 years$3,937$2,683$1,783$1,161$744$168
35 years$3,783$2,545$1,667$1,069$674$144
36 years$3,637$2,415$1,560$984$610$124
37 years$3,500$2,294$1,460$907$553$106
38 years$3,370$2,180$1,367$836$502$91
39 years$3,247$2,073$1,281$771$455$78
40 years$3,131$1,972$1,200$711$413$67
41 years$3,020$1,877$1,126$656$374$58
42 years$2,916$1,788$1,056$605$340$50
43 years$2,816$1,704$991$559$308$43
44 years$2,721$1,624$930$516$280$37
45 years$2,630$1,549$873$477$254$31
46 years$2,544$1,477$820$440$231$27
47 years$2,462$1,410$771$407$209$23
48 years$2,383$1,346$724$376$190$20
49 years$2,308$1,285$681$347$173$17
50 years$2,236$1,228$640$321$157$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,290,000, adding $6,392 every year, while hoping to spend $38,413 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: 39/50/11 Blend
44$2,290,000$2,290,000$2,290,000$2,290,000
45$2,530,173$2,408,803$2,373,308$2,620,197
46$2,747,380$2,485,964$2,411,943$2,761,636
47$2,985,454$2,565,617$2,450,585$2,910,215
48$3,246,484$2,647,846$2,489,193$3,070,008
49$3,532,769$2,732,734$2,527,724$3,242,045
50$3,846,842$2,820,369$2,566,134$3,427,455
51$4,191,493$2,910,840$2,604,372$3,627,477
52$4,569,795$3,004,241$2,642,388$3,843,476
53$4,985,133$3,100,667$2,680,127$4,076,952
54$5,441,236$3,200,219$2,717,531$4,329,552
55$5,942,211$3,303,000$2,754,538$4,603,089
56$6,492,584$3,409,114$2,791,082$4,899,555
57$7,097,340$3,518,673$2,827,095$5,221,144
58$7,761,969$3,631,788$2,862,504$5,570,266
59$8,492,523$3,748,579$2,897,231$5,949,575
60$9,295,667$3,869,166$2,931,194$6,361,990
61$10,178,744$3,993,674$2,964,308$6,810,723
62$11,149,845$4,122,233$2,996,481$7,299,309
63$12,217,883$4,254,976$3,027,618$7,831,638
64$13,392,680$4,392,043$3,057,616$8,411,992
65$14,685,056$4,533,576$3,086,369$9,045,085
66$16,106,934$4,679,723$3,113,764$9,736,107
67$17,671,450$4,830,638$3,139,684$10,490,768
68$19,393,076$4,986,478$3,164,002$11,315,359
69$21,287,762$5,147,407$3,186,588$12,216,806
70$23,373,078$5,313,595$3,207,303$13,202,732
71$25,668,386$5,485,215$3,226,002$14,281,534
72$28,195,020$5,662,449$3,242,532$15,462,459
73$30,976,488$5,845,485$3,256,732$16,755,691
74$34,038,690$6,034,514$3,268,433$18,172,443
75$37,410,169$6,229,738$3,277,458$19,725,066
76$41,122,375$6,431,364$3,283,621$21,427,166
77$45,209,960$6,639,604$3,286,726$23,293,726
78$49,711,113$6,854,681$3,286,568$25,341,250
79$54,667,909$7,076,823$3,282,931$27,587,918
80$60,126,717$7,306,268$3,275,590$30,053,757
81$66,138,626$7,543,260$3,264,307$32,760,826
82$72,759,939$7,788,053$3,248,834$35,733,428
83$80,052,694$8,040,908$3,228,911$38,998,333
84$88,085,253$8,302,098$3,204,264$42,585,034
85$96,932,951$8,571,902$3,174,608$46,526,022
86$106,678,797$8,850,610$3,139,643$50,857,093
87$117,414,269$9,138,525$3,099,056$55,617,684
88$129,240,167$9,435,955$3,052,517$60,851,242
89$142,267,571$9,743,223$2,999,682$66,605,637
90$156,618,884$10,060,662$2,940,193$72,933,610
91$172,428,992$10,388,617$2,873,671$79,893,270
92$189,846,532$10,727,442$2,799,722$87,548,641
93$209,035,300$11,077,509$2,717,935$95,970,266
94$230,175,792$11,439,198$2,627,877$105,235,870
95$253,466,909$11,812,905$2,529,097$115,431,094
96$279,127,835$12,199,038$2,421,123$126,650,299
97$307,400,106$12,598,023$2,303,462$138,997,459
98$338,549,887$13,010,296$2,175,599$152,587,139
99$372,870,488$13,436,313$2,036,993$167,545,574
100$410,685,127$13,876,542$1,887,082$184,011,860