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

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$191,583$189,877$188,212$186,587$185,000$179,944
2 years$94,843$93,077$91,365$89,705$88,095$83,038
3 years$62,601$60,827$59,119$57,475$55,891$50,992
4 years$46,483$44,714$43,024$41,408$39,862$35,158
5 years$36,814$35,056$33,388$31,805$30,303$25,806
6 years$30,371$28,626$26,983$25,435$23,977$19,693
7 years$25,770$24,040$22,423$20,911$19,500$15,428
8 years$22,321$20,607$19,016$17,542$16,177$12,316
9 years$19,640$17,942$16,379$14,942$13,624$9,969
10 years$17,497$15,815$14,279$12,880$11,608$8,155
11 years$15,744$14,079$12,571$11,209$9,983$6,727
12 years$14,284$12,637$11,157$9,832$8,651$5,585
13 years$13,050$11,420$9,968$8,680$7,544$4,662
14 years$11,994$10,380$8,956$7,705$6,613$3,908
15 years$11,078$9,483$8,086$6,872$5,823$3,288
16 years$10,278$8,700$7,331$6,153$5,146$2,774
17 years$9,573$8,013$6,671$5,528$4,563$2,346
18 years$8,947$7,404$6,090$4,982$4,057$1,988
19 years$8,388$6,862$5,575$4,502$3,616$1,687
20 years$7,885$6,376$5,116$4,077$3,230$1,434
21 years$7,431$5,939$4,706$3,700$2,891$1,221
22 years$7,018$5,544$4,337$3,365$2,591$1,040
23 years$6,642$5,185$4,005$3,064$2,326$887
24 years$6,298$4,858$3,704$2,795$2,090$757
25 years$5,981$4,559$3,430$2,552$1,881$646
26 years$5,690$4,285$3,182$2,334$1,694$552
27 years$5,420$4,033$2,954$2,136$1,528$472
28 years$5,171$3,800$2,746$1,957$1,378$403
29 years$4,939$3,585$2,556$1,795$1,245$345
30 years$4,723$3,386$2,381$1,647$1,125$295
31 years$4,521$3,200$2,219$1,513$1,017$253
32 years$4,332$3,028$2,071$1,390$920$216
33 years$4,155$2,868$1,933$1,278$832$185
34 years$3,989$2,718$1,807$1,176$754$158
35 years$3,832$2,578$1,689$1,083$683$136
36 years$3,685$2,447$1,580$997$618$116
37 years$3,546$2,324$1,479$919$561$99
38 years$3,414$2,209$1,385$847$508$85
39 years$3,290$2,100$1,297$781$461$73
40 years$3,172$1,998$1,216$720$418$63
41 years$3,060$1,902$1,140$665$379$54
42 years$2,954$1,811$1,070$613$344$46
43 years$2,853$1,726$1,004$566$312$39
44 years$2,756$1,645$942$523$283$34
45 years$2,665$1,569$885$483$257$29
46 years$2,577$1,497$831$446$234$25
47 years$2,494$1,428$781$412$212$21
48 years$2,414$1,363$734$381$193$18
49 years$2,338$1,302$690$352$175$16
50 years$2,265$1,244$648$325$159$13

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 $6,101 every year, while hoping to spend $51,048 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: 47/27/26 Blend
44$2,320,000$2,320,000$2,320,000$2,320,000
45$2,562,933$2,439,973$2,404,013$2,664,062
46$2,770,038$2,505,217$2,430,233$2,801,089
47$2,996,556$2,571,947$2,455,620$2,944,254
48$3,244,414$2,640,182$2,480,093$3,098,655
49$3,515,734$2,709,940$2,503,565$3,265,374
50$3,812,850$2,781,239$2,525,946$3,445,602
51$4,138,335$2,854,094$2,547,140$3,640,649
52$4,495,022$2,928,522$2,567,046$3,851,960
53$4,886,030$3,004,535$2,585,558$4,081,126
54$5,314,795$3,082,147$2,602,564$4,329,901
55$5,785,102$3,161,370$2,617,947$4,600,217
56$6,301,118$3,242,213$2,631,584$4,894,202
57$6,867,435$3,324,684$2,643,345$5,214,201
58$7,489,109$3,408,789$2,653,093$5,562,800
59$8,171,712$3,494,533$2,660,685$5,942,846
60$8,921,380$3,581,919$2,665,971$6,357,479
61$9,744,872$3,670,945$2,668,794$6,810,156
62$10,649,637$3,761,609$2,668,986$7,304,691
63$11,643,878$3,853,905$2,666,374$7,845,283
64$12,736,632$3,947,825$2,660,777$8,436,564
65$13,937,857$4,043,357$2,652,001$9,083,635
66$15,258,523$4,140,487$2,639,848$9,792,120
67$16,710,715$4,239,194$2,624,106$10,568,218
68$18,307,750$4,339,456$2,604,555$11,418,759
69$20,064,297$4,441,246$2,580,964$12,351,273
70$21,996,521$4,544,532$2,553,092$13,374,057
71$24,122,229$4,649,277$2,520,684$14,496,257
72$26,461,045$4,755,441$2,483,475$15,727,953
73$29,034,588$4,862,974$2,441,188$17,080,255
74$31,866,680$4,971,823$2,393,532$18,565,409
75$34,983,568$5,081,929$2,340,202$20,196,910
76$38,414,173$5,193,225$2,280,880$21,989,633
77$42,190,361$5,305,635$2,215,232$23,959,973
78$46,347,246$5,419,079$2,142,910$26,126,000
79$50,923,518$5,533,466$2,063,550$28,507,629
80$55,961,807$5,648,697$1,976,770$31,126,812
81$61,509,092$5,764,663$1,882,171$34,007,741
82$67,617,133$5,881,246$1,779,338$37,177,081
83$74,342,969$5,998,316$1,667,835$40,664,222
84$81,749,451$6,115,732$1,547,206$44,501,553
85$89,905,834$6,233,342$1,416,976$48,724,775
86$98,888,433$6,350,979$1,276,649$53,373,234
87$108,781,341$6,468,466$1,125,705$58,490,296
88$119,677,224$6,585,607$963,602$64,123,756
89$131,678,194$6,702,194$789,775$70,326,289
90$144,896,769$6,818,001$603,633$77,155,954
91$159,456,943$6,932,786$404,557$84,676,735
92$175,495,346$7,046,288$191,905$92,959,154
93$193,162,541$7,158,226$0$102,080,932
94$212,624,440$7,268,299$0$112,137,448
95$234,063,871$7,376,184$0$123,270,836
96$257,682,304$7,481,535$0$135,532,051
97$283,701,751$7,583,982$0$149,035,975
98$312,366,861$7,683,128$0$163,909,209
99$343,947,228$7,778,549$0$180,291,264
100$378,739,941$7,869,793$0$198,335,885