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

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$192,409$190,695$189,023$187,391$185,797$178,921
2 years$95,252$93,478$91,759$90,092$88,475$81,624
3 years$62,871$61,089$59,374$57,723$56,132$49,523
4 years$46,683$44,907$43,209$41,586$40,034$33,717
5 years$36,973$35,208$33,532$31,942$30,433$24,425
6 years$30,502$28,750$27,099$25,544$24,081$18,385
7 years$25,881$24,144$22,519$21,001$19,584$14,200
8 years$22,418$20,696$19,098$17,618$16,247$11,169
9 years$19,725$18,019$16,449$15,006$13,682$8,904
10 years$17,572$15,883$14,341$12,936$11,658$7,170
11 years$15,812$14,140$12,625$11,258$10,026$5,820
12 years$14,346$12,691$11,205$9,875$8,689$4,752
13 years$13,107$11,469$10,011$8,718$7,577$3,900
14 years$12,045$10,425$8,995$7,739$6,642$3,213
15 years$11,126$9,524$8,121$6,902$5,848$2,656
16 years$10,323$8,738$7,363$6,180$5,168$2,200
17 years$9,615$8,047$6,700$5,552$4,583$1,827
18 years$8,986$7,436$6,116$5,004$4,075$1,520
19 years$8,424$6,891$5,599$4,521$3,632$1,266
20 years$7,919$6,404$5,139$4,095$3,244$1,056
21 years$7,463$5,965$4,726$3,716$2,903$881
22 years$7,048$5,568$4,356$3,379$2,602$736
23 years$6,670$5,208$4,022$3,077$2,336$616
24 years$6,325$4,879$3,720$2,807$2,099$515
25 years$6,007$4,579$3,445$2,563$1,889$431
26 years$5,714$4,303$3,195$2,344$1,702$361
27 years$5,444$4,050$2,967$2,145$1,534$302
28 years$5,193$3,816$2,758$1,966$1,384$253
29 years$4,960$3,600$2,567$1,802$1,250$212
30 years$4,743$3,400$2,391$1,654$1,130$178
31 years$4,540$3,214$2,229$1,519$1,021$149
32 years$4,350$3,041$2,080$1,396$924$125
33 years$4,173$2,880$1,942$1,284$836$105
34 years$4,006$2,730$1,814$1,181$757$88
35 years$3,849$2,589$1,696$1,087$686$74
36 years$3,701$2,457$1,587$1,002$621$62
37 years$3,561$2,334$1,485$923$563$52
38 years$3,429$2,218$1,391$851$510$43
39 years$3,304$2,109$1,303$784$463$36
40 years$3,185$2,007$1,221$723$420$31
41 years$3,073$1,910$1,145$667$381$26
42 years$2,966$1,819$1,074$616$346$22
43 years$2,865$1,733$1,008$569$314$18
44 years$2,768$1,652$946$525$285$15
45 years$2,676$1,576$889$485$258$13
46 years$2,589$1,503$835$448$235$11
47 years$2,505$1,434$784$414$213$9
48 years$2,425$1,369$737$382$194$7
49 years$2,348$1,308$692$353$176$6
50 years$2,275$1,249$651$327$160$5

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 $3,791 every year, while hoping to spend $38,045 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: 42/39/19 Blend
44$2,330,000$2,330,000$2,330,000$2,330,000
45$2,571,570$2,448,080$2,411,965$2,665,118
46$2,793,391$2,527,557$2,452,287$2,811,250
47$3,036,562$2,609,652$2,492,684$2,965,406
48$3,303,222$2,694,455$2,533,119$3,131,550
49$3,595,724$2,782,057$2,573,551$3,310,802
50$3,916,661$2,872,552$2,613,939$3,504,394
51$4,268,891$2,966,037$2,654,237$3,713,677
52$4,655,559$3,062,614$2,694,395$3,940,141
53$5,080,132$3,162,388$2,734,363$4,185,422
54$5,546,426$3,265,466$2,774,085$4,451,320
55$6,058,649$3,371,961$2,813,504$4,739,817
56$6,621,433$3,481,988$2,852,557$5,053,093
57$7,239,881$3,595,668$2,891,181$5,393,547
58$7,919,618$3,713,125$2,929,304$5,763,818
59$8,666,838$3,834,487$2,966,855$6,166,812
60$9,488,367$3,959,888$3,003,756$6,605,727
61$10,391,722$4,089,465$3,039,924$7,084,084
62$11,385,190$4,223,361$3,075,273$7,605,758
63$12,477,897$4,361,723$3,109,712$8,175,018
64$13,679,899$4,504,704$3,143,145$8,796,561
65$15,002,278$4,652,464$3,175,469$9,475,560
66$16,457,241$4,805,165$3,206,577$10,217,712
67$18,058,238$4,962,977$3,236,357$11,029,290
68$19,820,092$5,126,076$3,264,688$11,917,202
69$21,759,132$5,294,645$3,291,446$12,889,057
70$23,893,353$5,468,871$3,316,498$13,953,235
71$26,242,579$5,648,950$3,339,705$15,118,963
72$28,828,658$5,835,085$3,360,921$16,396,408
73$31,675,661$6,027,484$3,379,992$17,796,768
74$34,810,112$6,226,364$3,396,756$19,332,374
75$38,261,239$6,431,951$3,411,042$21,016,814
76$42,061,246$6,644,478$3,422,673$22,865,054
77$46,245,621$6,864,185$3,431,460$24,893,581
78$50,853,467$7,091,323$3,437,207$27,120,557
79$55,927,873$7,326,150$3,439,706$29,565,991
80$61,516,320$7,568,936$3,438,741$32,251,927
81$67,671,129$7,819,958$3,434,083$35,202,650
82$74,449,953$8,079,505$3,425,493$38,444,915
83$81,916,323$8,347,875$3,412,721$42,008,201
84$90,140,245$8,625,378$3,395,505$45,924,984
85$99,198,864$8,912,335$3,373,568$50,231,047
86$109,177,187$9,209,079$3,346,622$54,965,816
87$120,168,891$9,515,955$3,314,365$60,172,730
88$132,277,201$9,833,320$3,276,479$65,899,648
89$145,615,868$10,161,544$3,232,633$72,199,307
90$160,310,240$10,501,014$3,182,480$79,129,813
91$176,498,447$10,852,126$3,125,656$86,755,189
92$194,332,703$11,215,294$3,061,780$95,145,981
93$213,980,743$11,590,948$2,990,453$104,379,920
94$235,627,404$11,979,530$2,911,259$114,542,657
95$259,476,376$12,381,503$2,823,762$125,728,570
96$285,752,113$12,797,344$2,727,506$138,041,655
97$314,701,965$13,227,550$2,622,013$151,596,501
98$346,598,500$13,672,634$2,506,785$166,519,378
99$381,742,085$14,133,131$2,381,300$182,949,425
100$420,463,717$14,609,595$2,245,014$201,039,960