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

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$189,932$188,240$186,589$184,978$183,405$178,465
2 years$94,026$92,275$90,577$88,932$87,336$82,394
3 years$62,061$60,302$58,610$56,980$55,409$50,620
4 years$46,082$44,329$42,653$41,051$39,518$34,919
5 years$36,497$34,754$33,100$31,531$30,041$25,644
6 years$30,109$28,379$26,750$25,215$23,771$19,581
7 years$25,548$23,833$22,229$20,731$19,332$15,349
8 years$22,129$20,429$18,852$17,391$16,038$12,259
9 years$19,471$17,787$16,237$14,813$13,506$9,929
10 years$17,346$15,679$14,156$12,769$11,508$8,128
11 years$15,608$13,958$12,463$11,113$9,897$6,708
12 years$14,161$12,528$11,060$9,747$8,577$5,574
13 years$12,938$11,321$9,882$8,606$7,479$4,656
14 years$11,890$10,291$8,879$7,639$6,556$3,905
15 years$10,983$9,401$8,016$6,813$5,772$3,288
16 years$10,190$8,625$7,268$6,100$5,102$2,776
17 years$9,491$7,943$6,614$5,481$4,524$2,349
18 years$8,870$7,340$6,037$4,939$4,022$1,992
19 years$8,316$6,803$5,527$4,463$3,585$1,692
20 years$7,817$6,321$5,072$4,042$3,202$1,440
21 years$7,366$5,888$4,666$3,669$2,866$1,226
22 years$6,957$5,496$4,300$3,336$2,569$1,046
23 years$6,585$5,141$3,970$3,038$2,306$892
24 years$6,243$4,816$3,672$2,771$2,072$762
25 years$5,930$4,520$3,401$2,530$1,865$651
26 years$5,641$4,248$3,154$2,314$1,680$557
27 years$5,374$3,998$2,929$2,118$1,514$476
28 years$5,126$3,767$2,723$1,940$1,367$407
29 years$4,896$3,554$2,534$1,779$1,234$349
30 years$4,682$3,356$2,360$1,633$1,115$299
31 years$4,482$3,173$2,200$1,500$1,008$256
32 years$4,294$3,002$2,053$1,378$912$219
33 years$4,119$2,843$1,917$1,267$825$188
34 years$3,954$2,695$1,791$1,166$747$161
35 years$3,799$2,556$1,674$1,073$677$138
36 years$3,653$2,426$1,566$989$613$118
37 years$3,515$2,304$1,466$911$556$101
38 years$3,385$2,190$1,373$840$504$87
39 years$3,261$2,082$1,286$774$457$74
40 years$3,144$1,981$1,206$714$414$64
41 years$3,034$1,886$1,131$659$376$55
42 years$2,928$1,796$1,060$608$341$47
43 years$2,828$1,711$995$561$310$40
44 years$2,733$1,631$934$518$281$34
45 years$2,642$1,555$877$479$255$30
46 years$2,555$1,484$824$442$232$25
47 years$2,473$1,416$774$408$210$22
48 years$2,393$1,352$727$377$191$19
49 years$2,318$1,291$684$349$173$16
50 years$2,246$1,233$643$322$158$14

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 $4,965 every year, while hoping to spend $28,805 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: 66/29/5 Blend
44$2,300,000$2,300,000$2,300,000$2,300,000
45$2,539,721$2,417,821$2,382,171$2,705,388
46$2,768,125$2,505,646$2,431,326$2,903,744
47$3,018,860$2,596,809$2,481,162$3,116,497
48$3,294,174$2,691,443$2,531,671$3,348,220
49$3,596,543$2,789,687$2,582,845$3,600,756
50$3,928,694$2,891,686$2,634,674$3,876,131
51$4,293,631$2,997,589$2,687,146$4,176,577
52$4,694,665$3,107,554$2,740,249$4,504,547
53$5,135,442$3,221,745$2,793,968$4,862,743
54$5,619,978$3,340,332$2,848,287$5,254,138
55$6,152,699$3,463,492$2,903,188$5,682,003
56$6,738,482$3,591,410$2,958,653$6,149,941
57$7,382,698$3,724,280$3,014,659$6,661,917
58$8,091,266$3,862,303$3,071,183$7,222,294
59$8,870,708$4,005,688$3,128,200$7,835,880
60$9,728,208$4,154,655$3,185,682$8,507,964
61$10,671,682$4,309,430$3,243,599$9,244,373
62$11,709,853$4,470,252$3,301,920$10,051,521
63$12,852,333$4,637,368$3,360,608$10,936,472
64$14,109,709$4,811,038$3,419,627$11,907,005
65$15,493,651$4,991,530$3,478,936$12,971,686
66$17,017,014$5,179,126$3,538,492$14,139,950
67$18,693,965$5,374,119$3,598,247$15,422,186
68$20,540,114$5,576,815$3,658,152$16,829,839
69$22,572,660$5,787,533$3,718,155$18,375,512
70$24,810,555$6,006,606$3,778,197$20,073,089
71$27,274,683$6,234,381$3,838,218$21,937,861
72$29,988,056$6,471,222$3,898,154$23,986,672
73$32,976,031$6,717,505$3,957,935$26,238,077
74$36,266,549$6,973,625$4,017,488$28,712,514
75$39,890,399$7,239,995$4,076,736$31,432,497
76$43,881,508$7,517,043$4,135,596$34,422,831
77$48,277,263$7,805,219$4,193,979$37,710,838
78$53,118,860$8,104,991$4,251,793$41,326,620
79$58,451,695$8,416,847$4,308,940$45,303,337
80$64,325,793$8,741,297$4,365,314$49,677,523
81$70,796,277$9,078,874$4,420,806$54,489,428
82$77,923,893$9,430,134$4,475,298$59,783,396
83$85,775,576$9,795,657$4,528,667$65,608,282
84$94,425,090$10,176,050$4,580,782$72,017,911
85$103,953,717$10,571,944$4,631,506$79,071,589
86$114,451,028$10,984,001$4,680,694$86,834,656
87$126,015,727$11,412,911$4,728,191$95,379,104
88$138,756,581$11,859,394$4,773,836$104,784,252
89$152,793,452$12,324,203$4,817,458$115,137,498
90$168,258,419$12,808,125$4,858,879$126,535,137
91$185,297,035$13,311,980$4,897,908$139,083,272
92$204,069,691$13,836,625$4,934,346$152,898,810
93$224,753,138$14,382,958$4,967,985$168,110,567
94$247,542,148$14,951,914$4,998,603$184,860,480
95$272,651,360$15,544,470$5,025,969$203,304,943
96$300,317,299$16,161,649$5,049,839$223,616,287
97$330,800,612$16,804,518$5,069,957$245,984,395
98$364,388,527$17,474,193$5,086,053$270,618,502
99$401,397,567$18,171,838$5,097,846$297,749,160
100$442,176,533$18,898,673$5,105,039$327,630,415