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%14%
1 years$192,409$190,695$189,023$187,391$185,797$182,719
2 years$95,252$93,478$91,759$90,092$88,475$85,383
3 years$62,871$61,089$59,374$57,723$56,132$53,122
4 years$46,683$44,907$43,209$41,586$40,034$37,129
5 years$36,973$35,208$33,532$31,942$30,433$27,642
6 years$30,502$28,750$27,099$25,544$24,081$21,407
7 years$25,881$24,144$22,519$21,001$19,584$17,028
8 years$22,418$20,696$19,098$17,618$16,247$13,808
9 years$19,725$18,019$16,449$15,006$13,682$11,359
10 years$17,572$15,883$14,341$12,936$11,658$9,449
11 years$15,812$14,140$12,625$11,258$10,026$7,929
12 years$14,346$12,691$11,205$9,875$8,689$6,700
13 years$13,107$11,469$10,011$8,718$7,577$5,694
14 years$12,045$10,425$8,995$7,739$6,642$4,862
15 years$11,126$9,524$8,121$6,902$5,848$4,168
16 years$10,323$8,738$7,363$6,180$5,168$3,584
17 years$9,615$8,047$6,700$5,552$4,583$3,091
18 years$8,986$7,436$6,116$5,004$4,075$2,672
19 years$8,424$6,891$5,599$4,521$3,632$2,314
20 years$7,919$6,404$5,139$4,095$3,244$2,007
21 years$7,463$5,965$4,726$3,716$2,903$1,744
22 years$7,048$5,568$4,356$3,379$2,602$1,517
23 years$6,670$5,208$4,022$3,077$2,336$1,321
24 years$6,325$4,879$3,720$2,807$2,099$1,152
25 years$6,007$4,579$3,445$2,563$1,889$1,005
26 years$5,714$4,303$3,195$2,344$1,702$877
27 years$5,444$4,050$2,967$2,145$1,534$766
28 years$5,193$3,816$2,758$1,966$1,384$670
29 years$4,960$3,600$2,567$1,802$1,250$585
30 years$4,743$3,400$2,391$1,654$1,130$512
31 years$4,540$3,214$2,229$1,519$1,021$448
32 years$4,350$3,041$2,080$1,396$924$392
33 years$4,173$2,880$1,942$1,284$836$343
34 years$4,006$2,730$1,814$1,181$757$301
35 years$3,849$2,589$1,696$1,087$686$263
36 years$3,701$2,457$1,587$1,002$621$231
37 years$3,561$2,334$1,485$923$563$202
38 years$3,429$2,218$1,391$851$510$177
39 years$3,304$2,109$1,303$784$463$155
40 years$3,185$2,007$1,221$723$420$136
41 years$3,073$1,910$1,145$667$381$119
42 years$2,966$1,819$1,074$616$346$105
43 years$2,865$1,733$1,008$569$314$92
44 years$2,768$1,652$946$525$285$80
45 years$2,676$1,576$889$485$258$71
46 years$2,589$1,503$835$448$235$62
47 years$2,505$1,434$784$414$213$54
48 years$2,425$1,369$737$382$194$48
49 years$2,348$1,308$692$353$176$42
50 years$2,275$1,249$651$327$160$37

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 $4,234 every year, while hoping to spend $24,783 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: 33/46/21 Blend
44$2,330,000$2,330,000$2,330,000$2,330,000
45$2,572,027$2,448,537$2,412,422$2,640,165
46$2,808,005$2,542,147$2,466,870$2,784,911
47$3,067,222$2,639,512$2,522,310$2,938,246
48$3,352,023$2,740,792$2,578,751$3,102,992
49$3,664,989$2,846,151$2,636,199$3,280,169
50$4,008,966$2,955,761$2,694,660$3,470,897
51$4,387,088$3,069,801$2,754,139$3,676,402
52$4,802,809$3,188,459$2,814,641$3,898,033
53$5,259,933$3,311,931$2,876,169$4,137,268
54$5,762,652$3,440,421$2,938,726$4,395,730
55$6,315,584$3,574,143$3,002,314$4,675,204
56$6,923,816$3,713,319$3,066,935$4,977,646
57$7,592,956$3,858,182$3,132,587$5,305,208
58$8,329,179$4,008,974$3,199,271$5,660,253
59$9,139,292$4,165,951$3,266,983$6,045,378
60$10,030,794$4,329,376$3,335,721$6,463,438
61$11,011,946$4,499,527$3,405,479$6,917,569
62$12,091,853$4,676,693$3,476,252$7,411,222
63$13,280,547$4,861,175$3,548,031$7,948,187
64$14,589,080$5,053,290$3,620,807$8,532,635
65$16,029,632$5,253,367$3,694,569$9,169,152
66$17,615,622$5,461,750$3,769,306$9,862,782
67$19,361,840$5,678,800$3,845,001$10,619,073
68$21,284,578$5,904,892$3,921,640$11,444,128
69$23,401,792$6,140,419$3,999,202$12,344,663
70$25,733,267$6,385,791$4,077,667$13,328,066
71$28,300,804$6,641,439$4,157,013$14,402,468
72$31,128,426$6,907,809$4,237,213$15,576,816
73$34,242,605$7,185,372$4,318,239$16,860,957
74$37,672,512$7,474,616$4,400,061$18,265,728
75$41,450,290$7,776,053$4,482,644$19,803,059
76$45,611,359$8,090,219$4,565,953$21,486,081
77$50,194,751$8,417,674$4,649,945$23,329,249
78$55,243,476$8,759,001$4,734,580$25,348,479
79$60,804,931$9,114,812$4,819,808$27,561,290
80$66,931,343$9,485,746$4,905,580$29,986,973
81$73,680,264$9,872,472$4,991,842$32,646,769
82$81,115,116$10,275,688$5,078,533$35,564,066
83$89,305,786$10,696,125$5,165,592$38,764,618
84$98,329,287$11,134,547$5,252,951$42,276,786
85$108,270,487$11,591,752$5,340,537$46,131,802
86$119,222,904$12,068,575$5,428,273$50,364,062
87$131,289,597$12,565,892$5,516,076$55,011,449
88$144,584,129$13,084,614$5,603,858$60,115,682
89$159,231,648$13,625,698$5,691,526$65,722,713
90$175,370,062$14,190,143$5,778,978$71,883,156
91$193,151,343$14,778,995$5,866,108$78,652,757
92$212,742,962$15,393,347$5,952,804$86,092,922
93$234,329,466$16,034,343$6,038,945$94,271,291
94$258,114,225$16,703,179$6,124,403$103,262,370
95$284,321,348$17,401,108$6,209,043$113,148,233
96$313,197,802$18,129,438$6,292,723$124,019,295
97$345,015,738$18,889,541$6,375,289$135,975,153
98$380,075,064$19,682,849$6,456,582$149,125,529
99$418,706,274$20,510,862$6,536,431$163,591,298
100$461,273,570$21,375,150$6,614,657$179,505,624