Can I retire at age 45 with 2,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$189,932$188,240$186,589$184,978$183,405$181,339
2 years$94,026$92,275$90,577$88,932$87,336$85,256
3 years$62,061$60,302$58,610$56,980$55,409$53,380
4 years$46,082$44,329$42,653$41,051$39,518$37,555
5 years$36,497$34,754$33,100$31,531$30,041$28,150
6 years$30,109$28,379$26,750$25,215$23,771$21,954
7 years$25,548$23,833$22,229$20,731$19,332$17,591
8 years$22,129$20,429$18,852$17,391$16,038$14,371
9 years$19,471$17,787$16,237$14,813$13,506$11,914
10 years$17,346$15,679$14,156$12,769$11,508$9,989
11 years$15,608$13,958$12,463$11,113$9,897$8,450
12 years$14,161$12,528$11,060$9,747$8,577$7,200
13 years$12,938$11,321$9,882$8,606$7,479$6,172
14 years$11,890$10,291$8,879$7,639$6,556$5,316
15 years$10,983$9,401$8,016$6,813$5,772$4,597
16 years$10,190$8,625$7,268$6,100$5,102$3,989
17 years$9,491$7,943$6,614$5,481$4,524$3,472
18 years$8,870$7,340$6,037$4,939$4,022$3,029
19 years$8,316$6,803$5,527$4,463$3,585$2,649
20 years$7,817$6,321$5,072$4,042$3,202$2,320
21 years$7,366$5,888$4,666$3,669$2,866$2,036
22 years$6,957$5,496$4,300$3,336$2,569$1,788
23 years$6,585$5,141$3,970$3,038$2,306$1,573
24 years$6,243$4,816$3,672$2,771$2,072$1,385
25 years$5,930$4,520$3,401$2,530$1,865$1,221
26 years$5,641$4,248$3,154$2,314$1,680$1,077
27 years$5,374$3,998$2,929$2,118$1,514$950
28 years$5,126$3,767$2,723$1,940$1,367$839
29 years$4,896$3,554$2,534$1,779$1,234$742
30 years$4,682$3,356$2,360$1,633$1,115$656
31 years$4,482$3,173$2,200$1,500$1,008$580
32 years$4,294$3,002$2,053$1,378$912$513
33 years$4,119$2,843$1,917$1,267$825$454
34 years$3,954$2,695$1,791$1,166$747$402
35 years$3,799$2,556$1,674$1,073$677$356
36 years$3,653$2,426$1,566$989$613$315
37 years$3,515$2,304$1,466$911$556$279
38 years$3,385$2,190$1,373$840$504$248
39 years$3,261$2,082$1,286$774$457$219
40 years$3,144$1,981$1,206$714$414$195
41 years$3,034$1,886$1,131$659$376$172
42 years$2,928$1,796$1,060$608$341$153
43 years$2,828$1,711$995$561$310$136
44 years$2,733$1,631$934$518$281$120
45 years$2,642$1,555$877$479$255$107
46 years$2,555$1,484$824$442$232$95
47 years$2,473$1,416$774$408$210$84
48 years$2,393$1,352$727$377$191$74
49 years$2,318$1,291$684$349$173$66
50 years$2,246$1,233$643$322$158$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,300,000, adding $3,719 every year, while hoping to spend $54,824 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: 67/17/16 Blend
44$2,300,000$2,300,000$2,300,000$2,300,000
45$2,538,436$2,416,536$2,380,886$2,698,558
46$2,739,024$2,476,614$2,402,314$2,866,017
47$2,958,235$2,537,798$2,422,621$3,042,289
48$3,197,910$2,600,085$2,441,714$3,233,671
49$3,460,077$2,663,469$2,459,491$3,441,642
50$3,746,967$2,727,943$2,475,847$3,667,833
51$4,061,041$2,793,495$2,490,671$3,914,038
52$4,405,005$2,860,113$2,503,846$4,182,235
53$4,781,839$2,927,783$2,515,249$4,474,602
54$5,194,828$2,996,485$2,524,751$4,793,538
55$5,647,587$3,066,199$2,532,216$5,141,687
56$6,144,098$3,136,900$2,537,503$5,521,963
57$6,688,747$3,208,560$2,540,460$5,937,573
58$7,286,366$3,281,146$2,540,933$6,392,053
59$7,942,276$3,354,623$2,538,755$6,889,300
60$8,662,340$3,428,951$2,533,754$7,433,605
61$9,453,013$3,504,084$2,525,750$8,029,698
62$10,321,409$3,579,973$2,514,551$8,682,791
63$11,275,363$3,656,562$2,499,959$9,398,627
64$12,323,508$3,733,791$2,481,765$10,183,533
65$13,475,352$3,811,593$2,459,751$11,044,483
66$14,741,372$3,889,895$2,433,686$11,989,161
67$16,133,109$3,968,618$2,403,332$13,026,036
68$17,663,279$4,047,673$2,368,436$14,164,438
69$19,345,891$4,126,966$2,328,737$15,414,652
70$21,196,380$4,206,396$2,283,957$16,788,009
71$23,231,750$4,285,849$2,233,810$18,296,999
72$25,470,739$4,365,206$2,177,992$19,955,383
73$27,933,989$4,444,335$2,116,190$21,778,328
74$30,644,245$4,523,097$2,048,071$23,782,548
75$33,626,569$4,601,339$1,973,293$25,986,464
76$36,908,573$4,678,899$1,891,492$28,410,373
77$40,520,682$4,755,600$1,802,292$31,076,648
78$44,496,421$4,831,253$1,705,297$34,009,942
79$48,872,727$4,905,657$1,600,097$37,237,423
80$53,690,304$4,978,592$1,486,258$40,789,034
81$58,993,999$5,049,827$1,363,332$44,697,774
82$64,833,231$5,119,112$1,230,847$49,000,006
83$71,262,452$5,186,181$1,088,312$53,735,808
84$78,341,665$5,250,746$935,214$58,949,347
85$86,136,987$5,312,505$771,015$64,689,296
86$94,721,272$5,371,130$595,157$71,009,297
87$104,174,801$5,426,275$407,054$77,968,466
88$114,586,037$5,477,569$206,097$85,631,953
89$126,052,460$5,524,617$0$94,071,554
90$138,681,485$5,566,997$0$103,367,823
91$152,591,478$5,604,261$0$113,644,174
92$167,912,871$5,635,933$0$124,961,601
93$184,789,394$5,661,504$0$137,426,136
94$203,379,430$5,680,435$0$151,154,620
95$223,857,506$5,692,150$0$166,275,814
96$246,415,947$5,696,042$0$182,931,608
97$271,266,687$5,691,460$0$201,278,364
98$298,643,265$5,677,718$0$221,488,392
99$328,803,037$5,654,085$0$243,751,575
100$362,029,598$5,619,786$0$268,277,165