Can I retire at age 45 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$191,583$189,877$188,212$186,587$185,000$182,992
2 years$94,843$93,077$91,365$89,705$88,095$86,073
3 years$62,601$60,827$59,119$57,475$55,891$53,918
4 years$46,483$44,714$43,024$41,408$39,862$37,953
5 years$36,814$35,056$33,388$31,805$30,303$28,463
6 years$30,371$28,626$26,983$25,435$23,977$22,210
7 years$25,770$24,040$22,423$20,911$19,500$17,806
8 years$22,321$20,607$19,016$17,542$16,177$14,555
9 years$19,640$17,942$16,379$14,942$13,624$12,074
10 years$17,497$15,815$14,279$12,880$11,608$10,129
11 years$15,744$14,079$12,571$11,209$9,983$8,574
12 years$14,284$12,637$11,157$9,832$8,651$7,311
13 years$13,050$11,420$9,968$8,680$7,544$6,270
14 years$11,994$10,380$8,956$7,705$6,613$5,404
15 years$11,078$9,483$8,086$6,872$5,823$4,677
16 years$10,278$8,700$7,331$6,153$5,146$4,061
17 years$9,573$8,013$6,671$5,528$4,563$3,537
18 years$8,947$7,404$6,090$4,982$4,057$3,088
19 years$8,388$6,862$5,575$4,502$3,616$2,702
20 years$7,885$6,376$5,116$4,077$3,230$2,369
21 years$7,431$5,939$4,706$3,700$2,891$2,080
22 years$7,018$5,544$4,337$3,365$2,591$1,829
23 years$6,642$5,185$4,005$3,064$2,326$1,610
24 years$6,298$4,858$3,704$2,795$2,090$1,418
25 years$5,981$4,559$3,430$2,552$1,881$1,251
26 years$5,690$4,285$3,182$2,334$1,694$1,104
27 years$5,420$4,033$2,954$2,136$1,528$976
28 years$5,171$3,800$2,746$1,957$1,378$862
29 years$4,939$3,585$2,556$1,795$1,245$763
30 years$4,723$3,386$2,381$1,647$1,125$675
31 years$4,521$3,200$2,219$1,513$1,017$597
32 years$4,332$3,028$2,071$1,390$920$529
33 years$4,155$2,868$1,933$1,278$832$469
34 years$3,989$2,718$1,807$1,176$754$415
35 years$3,832$2,578$1,689$1,083$683$368
36 years$3,685$2,447$1,580$997$618$326
37 years$3,546$2,324$1,479$919$561$289
38 years$3,414$2,209$1,385$847$508$257
39 years$3,290$2,100$1,297$781$461$228
40 years$3,172$1,998$1,216$720$418$202
41 years$3,060$1,902$1,140$665$379$179
42 years$2,954$1,811$1,070$613$344$159
43 years$2,853$1,726$1,004$566$312$141
44 years$2,756$1,645$942$523$283$125
45 years$2,665$1,569$885$483$257$111
46 years$2,577$1,497$831$446$234$99
47 years$2,494$1,428$781$412$212$88
48 years$2,414$1,363$734$381$193$78
49 years$2,338$1,302$690$352$175$69
50 years$2,265$1,244$648$325$159$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,320,000, adding $5,136 every year, while hoping to spend $25,585 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: 51/29/20 Blend
44$2,320,000$2,320,000$2,320,000$2,320,000
45$2,561,938$2,438,978$2,403,018$2,678,139
46$2,796,033$2,531,265$2,456,297$2,851,165
47$3,053,149$2,627,218$2,510,503$3,036,125
48$3,335,606$2,726,987$2,565,640$3,236,684
49$3,645,961$2,830,733$2,621,713$3,454,327
50$3,987,031$2,938,621$2,678,722$3,690,689
51$4,361,920$3,050,825$2,736,671$3,947,566
52$4,774,046$3,167,526$2,795,560$4,226,936
53$5,227,176$3,288,912$2,855,388$4,530,973
54$5,725,460$3,415,180$2,916,156$4,862,069
55$6,273,469$3,546,537$2,977,860$5,222,855
56$6,876,243$3,683,196$3,040,497$5,616,229
57$7,539,329$3,825,383$3,104,064$6,045,376
58$8,268,845$3,973,331$3,168,554$6,513,804
59$9,071,527$4,127,284$3,233,960$7,025,371
60$9,954,799$4,287,497$3,300,274$7,584,327
61$10,926,841$4,454,237$3,367,486$8,195,347
62$11,996,666$4,627,782$3,435,584$8,863,580
63$13,174,205$4,808,422$3,504,555$9,594,692
64$14,470,399$4,996,460$3,574,384$10,394,922
65$15,897,308$5,192,214$3,645,053$11,271,140
66$17,468,215$5,396,015$3,716,544$12,230,909
67$19,197,760$5,608,206$3,788,835$13,282,557
68$21,102,073$5,829,151$3,861,903$14,435,257
69$23,198,931$6,059,225$3,935,723$15,699,105
70$25,507,918$6,298,823$4,010,266$17,085,226
71$28,050,616$6,548,356$4,085,500$18,605,867
72$30,850,808$6,808,255$4,161,394$20,274,517
73$33,934,699$7,078,967$4,237,909$22,106,034
74$37,331,165$7,360,964$4,315,006$24,116,783
75$41,072,028$7,654,735$4,392,642$26,324,787
76$45,192,350$7,960,793$4,470,772$28,749,900
77$49,730,772$8,279,673$4,549,344$31,413,990
78$54,729,869$8,611,936$4,628,306$34,341,145
79$60,236,561$8,958,167$4,707,600$37,557,902
80$66,302,550$9,318,976$4,787,164$41,093,490
81$72,984,808$9,695,004$4,866,931$44,980,112
82$80,346,117$10,086,918$4,946,832$49,253,240
83$88,455,661$10,495,417$5,026,791$53,951,953
84$97,389,677$10,921,230$5,106,727$59,119,306
85$107,232,176$11,365,122$5,186,554$64,802,727
86$118,075,735$11,827,891$5,266,181$71,054,471
87$130,022,373$12,310,370$5,345,511$77,932,109
88$143,184,509$12,813,433$5,424,440$85,499,068
89$157,686,029$13,337,991$5,502,859$93,825,227
90$173,663,450$13,884,999$5,580,651$102,987,579
91$191,267,211$14,455,453$5,657,692$113,070,952
92$210,663,094$15,050,397$5,733,852$124,168,809
93$232,033,786$15,670,923$5,808,992$136,384,127
94$255,580,604$16,318,171$5,882,965$149,830,368
95$281,525,398$16,993,333$5,955,617$164,632,547
96$310,112,642$17,697,660$6,026,783$180,928,409
97$341,611,741$18,432,455$6,096,291$198,869,727
98$376,319,579$19,199,085$6,163,956$218,623,733
99$414,563,314$19,998,979$6,229,587$240,374,692
100$456,703,473$20,833,630$6,292,979$264,325,640