Can I retire at age 45 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$190,758$189,058$187,401$185,783$184,203$182,965
2 years$94,434$92,676$90,971$89,319$87,716$86,467
3 years$62,331$60,565$58,864$57,227$55,650$54,430
4 years$46,282$44,521$42,838$41,229$39,690$38,508
5 years$36,656$34,905$33,244$31,668$30,172$29,030
6 years$30,240$28,503$26,866$25,325$23,874$22,775
7 years$25,659$23,937$22,326$20,821$19,416$18,360
8 years$22,225$20,518$18,934$17,466$16,107$15,094
9 years$19,556$17,865$16,308$14,877$13,565$12,594
10 years$17,421$15,747$14,218$12,824$11,558$10,630
11 years$15,676$14,019$12,517$11,161$9,940$9,053
12 years$14,223$12,582$11,109$9,790$8,614$7,768
13 years$12,994$11,371$9,925$8,643$7,512$6,705
14 years$11,942$10,336$8,917$7,672$6,585$5,817
15 years$11,031$9,442$8,051$6,842$5,798$5,068
16 years$10,234$8,663$7,300$6,127$5,124$4,432
17 years$9,532$7,978$6,642$5,505$4,543$3,887
18 years$8,909$7,372$6,064$4,961$4,040$3,418
19 years$8,352$6,832$5,551$4,482$3,601$3,012
20 years$7,851$6,349$5,094$4,060$3,216$2,660
21 years$7,398$5,914$4,686$3,684$2,878$2,353
22 years$6,988$5,520$4,319$3,350$2,580$2,084
23 years$6,613$5,163$3,988$3,051$2,316$1,848
24 years$6,270$4,837$3,688$2,783$2,081$1,641
25 years$5,956$4,540$3,416$2,541$1,873$1,459
26 years$5,665$4,267$3,168$2,324$1,687$1,298
27 years$5,397$4,015$2,942$2,127$1,521$1,156
28 years$5,148$3,784$2,735$1,949$1,372$1,030
29 years$4,917$3,569$2,545$1,787$1,239$918
30 years$4,702$3,371$2,370$1,640$1,120$819
31 years$4,501$3,187$2,210$1,506$1,012$731
32 years$4,313$3,015$2,062$1,384$916$653
33 years$4,137$2,855$1,925$1,273$829$583
34 years$3,971$2,706$1,799$1,171$750$521
35 years$3,816$2,567$1,682$1,078$680$466
36 years$3,669$2,436$1,573$993$616$416
37 years$3,530$2,314$1,472$915$558$372
38 years$3,399$2,199$1,379$843$506$333
39 years$3,276$2,091$1,292$778$459$298
40 years$3,158$1,990$1,211$717$416$266
41 years$3,047$1,894$1,135$662$378$238
42 years$2,941$1,804$1,065$611$343$213
43 years$2,840$1,719$999$564$311$191
44 years$2,745$1,638$938$520$282$171
45 years$2,653$1,562$881$481$256$153
46 years$2,566$1,490$827$444$233$137
47 years$2,483$1,422$777$410$211$123
48 years$2,404$1,358$730$379$192$110
49 years$2,328$1,296$687$350$174$98
50 years$2,255$1,238$645$324$158$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,310,000, adding $2,833 every year, while hoping to spend $24,268 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: 57/31/12 Blend
44$2,310,000$2,310,000$2,310,000$2,310,000
45$2,548,542$2,426,112$2,390,307$2,686,009
46$2,782,673$2,519,171$2,444,562$2,872,289
47$3,039,871$2,615,976$2,499,820$3,072,242
48$3,322,464$2,716,685$2,556,091$3,289,543
49$3,633,017$2,821,464$2,613,381$3,525,859
50$3,974,353$2,930,485$2,671,698$3,783,020
51$4,349,585$3,043,926$2,731,048$4,063,040
52$4,762,141$3,161,977$2,791,436$4,368,134
53$5,215,798$3,284,832$2,852,867$4,700,740
54$5,714,717$3,412,696$2,915,346$5,063,538
55$6,263,483$3,545,784$2,978,875$5,459,478
56$6,867,149$3,684,317$3,043,458$5,891,807
57$7,531,279$3,828,530$3,109,095$6,364,096
58$8,262,006$3,978,665$3,175,786$6,880,277
59$9,066,088$4,134,976$3,243,532$7,444,677
60$9,950,968$4,297,729$3,312,330$8,062,058
61$10,924,851$4,467,202$3,382,177$8,737,663
62$11,996,775$4,643,684$3,453,069$9,477,264
63$13,176,699$4,827,477$3,524,999$10,287,213
64$14,475,597$5,018,899$3,597,962$11,174,507
65$15,905,561$5,218,278$3,671,947$12,146,846
66$17,479,915$5,425,961$3,746,944$13,212,712
67$19,213,341$5,642,308$3,822,942$14,381,442
68$21,122,017$5,867,696$3,899,925$15,663,320
69$23,223,768$6,102,518$3,977,878$17,069,668
70$25,538,238$6,347,187$4,056,783$18,612,957
71$28,087,072$6,602,133$4,136,618$20,306,921
72$30,894,121$6,867,805$4,217,363$22,166,685
73$33,985,667$7,144,673$4,298,990$24,208,908
74$37,390,672$7,433,229$4,381,473$26,451,938
75$41,141,048$7,733,985$4,464,780$28,915,984
76$45,271,964$8,047,479$4,548,879$31,623,308
77$49,822,171$8,374,272$4,633,733$34,598,428
78$54,834,372$8,714,951$4,719,303$37,868,354
79$60,355,623$9,070,129$4,805,544$41,462,838
80$66,437,778$9,440,446$4,892,412$45,414,655
81$73,137,978$9,826,575$4,979,854$49,759,909
82$80,519,191$10,229,216$5,067,818$54,538,374
83$88,650,802$10,649,102$5,156,244$59,793,866
84$97,609,276$11,087,000$5,245,070$65,574,656
85$107,478,871$11,543,712$5,334,229$71,933,924
86$118,352,439$12,020,076$5,423,648$78,930,256
87$130,332,298$12,516,970$5,513,251$86,628,200
88$143,531,202$13,035,311$5,602,954$95,098,868
89$158,073,402$13,576,059$5,692,671$104,420,609
90$174,095,819$14,140,216$5,782,306$114,679,744
91$191,749,340$14,728,834$5,871,760$125,971,380
92$211,200,236$15,343,010$5,960,927$138,400,302
93$232,631,736$15,983,894$6,049,694$152,081,964
94$256,245,755$16,652,686$6,137,941$167,143,573
95$282,264,799$17,350,645$6,225,539$183,725,288
96$310,934,068$18,079,087$6,312,355$201,981,539
97$342,523,768$18,839,387$6,398,243$222,082,483
98$377,331,662$19,632,986$6,483,054$244,215,609
99$415,685,881$20,461,392$6,566,625$268,587,497
100$457,948,021$21,326,180$6,648,788$295,425,773