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%19.9%
1 years$191,583$189,877$188,212$186,587$185,000$177,660
2 years$94,843$93,077$91,365$89,705$88,095$80,791
3 years$62,601$60,827$59,119$57,475$55,891$48,853
4 years$46,483$44,714$43,024$41,408$39,862$33,144
5 years$36,814$35,056$33,388$31,805$30,303$23,921
6 years$30,371$28,626$26,983$25,435$23,977$17,936
7 years$25,770$24,040$22,423$20,911$19,500$13,798
8 years$22,321$20,607$19,016$17,542$16,177$10,808
9 years$19,640$17,942$16,379$14,942$13,624$8,579
10 years$17,497$15,815$14,279$12,880$11,608$6,878
11 years$15,744$14,079$12,571$11,209$9,983$5,557
12 years$14,284$12,637$11,157$9,832$8,651$4,517
13 years$13,050$11,420$9,968$8,680$7,544$3,689
14 years$11,994$10,380$8,956$7,705$6,613$3,024
15 years$11,078$9,483$8,086$6,872$5,823$2,487
16 years$10,278$8,700$7,331$6,153$5,146$2,050
17 years$9,573$8,013$6,671$5,528$4,563$1,694
18 years$8,947$7,404$6,090$4,982$4,057$1,401
19 years$8,388$6,862$5,575$4,502$3,616$1,161
20 years$7,885$6,376$5,116$4,077$3,230$963
21 years$7,431$5,939$4,706$3,700$2,891$800
22 years$7,018$5,544$4,337$3,365$2,591$665
23 years$6,642$5,185$4,005$3,064$2,326$553
24 years$6,298$4,858$3,704$2,795$2,090$460
25 years$5,981$4,559$3,430$2,552$1,881$383
26 years$5,690$4,285$3,182$2,334$1,694$318
27 years$5,420$4,033$2,954$2,136$1,528$265
28 years$5,171$3,800$2,746$1,957$1,378$221
29 years$4,939$3,585$2,556$1,795$1,245$184
30 years$4,723$3,386$2,381$1,647$1,125$153
31 years$4,521$3,200$2,219$1,513$1,017$128
32 years$4,332$3,028$2,071$1,390$920$107
33 years$4,155$2,868$1,933$1,278$832$89
34 years$3,989$2,718$1,807$1,176$754$74
35 years$3,832$2,578$1,689$1,083$683$62
36 years$3,685$2,447$1,580$997$618$51
37 years$3,546$2,324$1,479$919$561$43
38 years$3,414$2,209$1,385$847$508$36
39 years$3,290$2,100$1,297$781$461$30
40 years$3,172$1,998$1,216$720$418$25
41 years$3,060$1,902$1,140$665$379$21
42 years$2,954$1,811$1,070$613$344$17
43 years$2,853$1,726$1,004$566$312$14
44 years$2,756$1,645$942$523$283$12
45 years$2,665$1,569$885$483$257$10
46 years$2,577$1,497$831$446$234$8
47 years$2,494$1,428$781$412$212$7
48 years$2,414$1,363$734$381$193$6
49 years$2,338$1,302$690$352$175$5
50 years$2,265$1,244$648$325$159$4

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 $4,490 every year, while hoping to spend $58,433 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: 49/45/6 Blend
44$2,320,000$2,320,000$2,320,000$2,320,000
45$2,561,271$2,438,311$2,402,351$2,682,667
46$2,760,349$2,495,616$2,420,658$2,823,297
47$2,977,774$2,553,771$2,437,619$2,969,351
48$3,215,356$2,612,755$2,453,129$3,126,595
49$3,475,088$2,672,545$2,467,074$3,296,088
50$3,759,163$2,733,116$2,479,337$3,478,995
51$4,069,996$2,794,438$2,489,794$3,676,598
52$4,410,248$2,856,477$2,498,314$3,890,311
53$4,782,846$2,919,198$2,504,761$4,121,688
54$5,191,016$2,982,558$2,508,990$4,372,444
55$5,638,310$3,046,513$2,510,851$4,644,464
56$6,128,638$3,111,013$2,510,185$4,939,830
57$6,666,310$3,176,003$2,506,827$5,260,829
58$7,256,069$3,241,423$2,500,601$5,609,987
59$7,903,142$3,307,207$2,491,325$5,990,082
60$8,613,286$3,373,284$2,478,808$6,404,178
61$9,392,841$3,439,575$2,462,848$6,855,649
62$10,248,792$3,505,995$2,443,235$7,348,214
63$11,188,834$3,572,454$2,419,748$7,885,971
64$12,221,442$3,638,851$2,392,157$8,473,436
65$13,355,953$3,705,079$2,360,218$9,115,585
66$14,602,654$3,771,021$2,323,679$9,817,902
67$15,972,877$3,836,553$2,282,274$10,586,432
68$17,479,106$3,901,540$2,235,726$11,427,834
69$19,135,096$3,965,837$2,183,744$12,349,451
70$20,956,001$4,029,288$2,126,024$13,359,371
71$22,958,515$4,091,725$2,062,248$14,466,513
72$25,161,033$4,152,969$1,992,083$15,680,702
73$27,583,821$4,212,827$1,915,181$17,012,772
74$30,249,209$4,271,094$1,831,178$18,474,659
75$33,181,800$4,327,550$1,739,694$20,079,522
76$36,408,701$4,381,957$1,640,331$21,841,862
77$39,959,780$4,434,064$1,532,674$23,777,663
78$43,867,947$4,483,603$1,416,288$25,904,542
79$48,169,464$4,530,286$1,290,720$28,241,916
80$52,904,285$4,573,806$1,155,495$30,811,187
81$58,116,437$4,613,836$1,010,118$33,635,942
82$63,854,429$4,650,030$854,073$36,742,182
83$70,171,715$4,682,016$686,819$40,158,560
84$77,127,195$4,709,399$507,792$43,916,662
85$84,785,769$4,731,760$316,403$48,051,297
86$93,218,954$4,748,653$112,039$52,600,836
87$102,505,552$4,759,601$0$57,607,565
88$112,732,398$4,764,101$0$63,124,886
89$123,995,177$4,761,618$0$69,205,476
90$136,399,329$4,751,580$0$75,898,821
91$150,061,038$4,733,386$0$83,267,374
92$165,108,335$4,706,392$0$91,379,966
93$181,682,300$4,669,920$0$100,312,457
94$199,938,395$4,623,247$0$110,148,453
95$220,047,934$4,565,609$0$120,980,098
96$242,199,695$4,496,195$0$132,908,947
97$266,601,702$4,414,146$0$146,046,922
98$293,483,189$4,318,553$0$160,517,377
99$323,096,763$4,208,451$0$176,456,260
100$355,720,788$4,082,820$0$194,013,398