Can I retire at age 45 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$192,409$190,695$189,023$187,391$185,797$183,476
2 years$95,252$93,478$91,759$90,092$88,475$86,139
3 years$62,871$61,089$59,374$57,723$56,132$53,854
4 years$46,683$44,907$43,209$41,586$40,034$37,832
5 years$36,973$35,208$33,532$31,942$30,433$28,313
6 years$30,502$28,750$27,099$25,544$24,081$22,045
7 years$25,881$24,144$22,519$21,001$19,584$17,634
8 years$22,418$20,696$19,098$17,618$16,247$14,382
9 years$19,725$18,019$16,449$15,006$13,682$11,902
10 years$17,572$15,883$14,341$12,936$11,658$9,961
11 years$15,812$14,140$12,625$11,258$10,026$8,411
12 years$14,346$12,691$11,205$9,875$8,689$7,153
13 years$13,107$11,469$10,011$8,718$7,577$6,119
14 years$12,045$10,425$8,995$7,739$6,642$5,260
15 years$11,126$9,524$8,121$6,902$5,848$4,540
16 years$10,323$8,738$7,363$6,180$5,168$3,931
17 years$9,615$8,047$6,700$5,552$4,583$3,414
18 years$8,986$7,436$6,116$5,004$4,075$2,972
19 years$8,424$6,891$5,599$4,521$3,632$2,593
20 years$7,919$6,404$5,139$4,095$3,244$2,267
21 years$7,463$5,965$4,726$3,716$2,903$1,984
22 years$7,048$5,568$4,356$3,379$2,602$1,739
23 years$6,670$5,208$4,022$3,077$2,336$1,526
24 years$6,325$4,879$3,720$2,807$2,099$1,341
25 years$6,007$4,579$3,445$2,563$1,889$1,179
26 years$5,714$4,303$3,195$2,344$1,702$1,037
27 years$5,444$4,050$2,967$2,145$1,534$914
28 years$5,193$3,816$2,758$1,966$1,384$805
29 years$4,960$3,600$2,567$1,802$1,250$710
30 years$4,743$3,400$2,391$1,654$1,130$626
31 years$4,540$3,214$2,229$1,519$1,021$552
32 years$4,350$3,041$2,080$1,396$924$487
33 years$4,173$2,880$1,942$1,284$836$430
34 years$4,006$2,730$1,814$1,181$757$380
35 years$3,849$2,589$1,696$1,087$686$336
36 years$3,701$2,457$1,587$1,002$621$297
37 years$3,561$2,334$1,485$923$563$262
38 years$3,429$2,218$1,391$851$510$232
39 years$3,304$2,109$1,303$784$463$205
40 years$3,185$2,007$1,221$723$420$181
41 years$3,073$1,910$1,145$667$381$160
42 years$2,966$1,819$1,074$616$346$142
43 years$2,865$1,733$1,008$569$314$125
44 years$2,768$1,652$946$525$285$111
45 years$2,676$1,576$889$485$258$98
46 years$2,589$1,503$835$448$235$87
47 years$2,505$1,434$784$414$213$77
48 years$2,425$1,369$737$382$194$68
49 years$2,348$1,308$692$353$176$60
50 years$2,275$1,249$651$327$160$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,330,000, adding $5,762 every year, while hoping to spend $38,952 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: 64/26/10 Blend
44$2,330,000$2,330,000$2,330,000$2,330,000
45$2,573,604$2,450,114$2,413,999$2,732,358
46$2,794,666$2,528,724$2,453,423$2,917,640
47$3,036,972$2,609,882$2,492,862$3,114,851
48$3,302,647$2,693,669$2,532,276$3,329,261
49$3,594,031$2,780,173$2,571,622$3,562,541
50$3,913,703$2,869,483$2,610,853$3,816,529
51$4,264,505$2,961,691$2,649,920$4,093,249
52$4,649,563$3,056,893$2,688,771$4,394,927
53$5,072,325$3,155,187$2,727,351$4,724,017
54$5,536,586$3,256,676$2,765,602$5,083,216
55$6,046,529$3,361,464$2,803,461$5,475,498
56$6,606,761$3,469,661$2,840,862$5,904,133
57$7,222,356$3,581,380$2,877,736$6,372,726
58$7,898,905$3,696,737$2,914,009$6,885,243
59$8,642,568$3,815,851$2,949,603$7,446,054
60$9,460,131$3,938,849$2,984,436$8,059,970
61$10,359,070$4,065,858$3,018,420$8,732,291
62$11,347,622$4,197,012$3,051,464$9,468,852
63$12,434,862$4,332,448$3,083,471$10,276,082
64$13,630,789$4,472,309$3,114,338$11,161,060
65$14,946,418$4,616,741$3,143,957$12,131,587
66$16,393,888$4,765,897$3,172,216$13,196,252
67$17,986,573$4,919,935$3,198,993$14,364,518
68$19,739,208$5,079,016$3,224,164$15,646,809
69$21,668,029$5,243,309$3,247,595$17,054,608
70$23,790,925$5,412,988$3,269,146$18,600,567
71$26,127,608$5,588,234$3,288,672$20,298,621
72$28,699,798$5,769,231$3,306,016$22,164,124
73$31,531,428$5,956,174$3,321,018$24,213,991
74$34,648,868$6,149,261$3,333,506$26,466,857
75$38,081,176$6,348,698$3,343,302$28,943,255
76$41,860,369$6,554,698$3,350,216$31,665,805
77$46,021,731$6,767,481$3,354,052$34,659,431
78$50,604,137$6,987,277$3,354,602$37,951,592
79$55,650,426$7,214,321$3,351,649$41,572,544
80$61,207,803$7,448,857$3,344,963$45,555,623
81$67,328,286$7,691,138$3,334,306$49,937,560
82$74,069,193$7,941,425$3,319,427$54,758,827
83$81,493,684$8,199,989$3,300,062$60,064,016
84$89,671,361$8,467,109$3,275,935$65,902,264
85$98,678,919$8,743,077$3,246,758$72,327,711
86$108,600,872$9,028,190$3,212,227$79,400,015
87$119,530,350$9,322,761$3,172,026$87,184,911
88$131,569,978$9,627,109$3,125,821$95,754,832
89$144,832,846$9,941,567$3,073,267$105,189,592
90$159,443,573$10,266,481$3,013,997$115,577,140
91$175,539,483$10,602,204$2,947,632$127,014,386
92$193,271,906$10,949,107$2,873,773$139,608,119
93$212,807,598$11,307,572$2,792,003$153,476,011
94$234,330,323$11,677,993$2,701,885$168,747,729
95$258,042,581$12,060,779$2,602,963$185,566,159
96$284,167,522$12,456,355$2,494,760$204,088,749
97$312,951,052$12,865,159$2,376,776$224,489,002
98$344,664,152$13,287,645$2,248,492$246,958,105
99$379,605,440$13,724,284$2,109,361$271,706,739
100$418,103,984$14,175,563$1,958,813$298,967,064