Can I retire at age 45 with 2,340,000?

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 $2,340,000?

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$193,235$191,514$189,834$188,195$186,595$184,263
2 years$95,661$93,879$92,153$90,479$88,855$86,509
3 years$63,140$61,351$59,629$57,970$56,373$54,085
4 years$46,883$45,100$43,395$41,764$40,206$37,994
5 years$37,132$35,359$33,676$32,079$30,564$28,434
6 years$30,633$28,873$27,215$25,654$24,184$22,140
7 years$25,992$24,247$22,616$21,092$19,668$17,710
8 years$22,514$20,785$19,180$17,693$16,317$14,444
9 years$19,810$18,097$16,520$15,071$13,741$11,953
10 years$17,647$15,951$14,402$12,991$11,708$10,004
11 years$15,880$14,201$12,680$11,306$10,069$8,447
12 years$14,408$12,746$11,253$9,917$8,726$7,184
13 years$13,163$11,518$10,054$8,755$7,609$6,145
14 years$12,097$10,470$9,033$7,772$6,670$5,282
15 years$11,174$9,564$8,156$6,931$5,873$4,559
16 years$10,367$8,775$7,394$6,206$5,190$3,948
17 years$9,656$8,082$6,729$5,576$4,602$3,429
18 years$9,024$7,468$6,142$5,025$4,092$2,985
19 years$8,460$6,921$5,623$4,541$3,647$2,604
20 years$7,953$6,431$5,161$4,112$3,258$2,276
21 years$7,495$5,991$4,747$3,732$2,915$1,993
22 years$7,078$5,592$4,375$3,394$2,613$1,747
23 years$6,699$5,230$4,039$3,091$2,346$1,533
24 years$6,352$4,900$3,736$2,819$2,108$1,347
25 years$6,033$4,599$3,460$2,574$1,897$1,184
26 years$5,739$4,322$3,209$2,354$1,709$1,042
27 years$5,467$4,067$2,980$2,154$1,541$917
28 years$5,215$3,833$2,770$1,974$1,390$808
29 years$4,981$3,616$2,578$1,810$1,255$713
30 years$4,763$3,415$2,401$1,661$1,134$628
31 years$4,560$3,228$2,239$1,526$1,026$554
32 years$4,369$3,054$2,089$1,402$928$489
33 years$4,191$2,893$1,950$1,289$840$432
34 years$4,023$2,741$1,822$1,186$760$382
35 years$3,865$2,600$1,704$1,092$688$337
36 years$3,716$2,468$1,594$1,006$624$298
37 years$3,576$2,344$1,492$927$565$263
38 years$3,444$2,228$1,397$854$513$233
39 years$3,318$2,118$1,309$788$465$206
40 years$3,199$2,015$1,227$726$422$182
41 years$3,086$1,918$1,150$670$382$161
42 years$2,979$1,827$1,079$619$347$142
43 years$2,877$1,741$1,012$571$315$126
44 years$2,780$1,659$950$527$286$111
45 years$2,688$1,582$892$487$260$98
46 years$2,600$1,510$838$450$236$87
47 years$2,516$1,441$787$416$214$77
48 years$2,435$1,375$740$384$194$68
49 years$2,358$1,313$695$355$177$60
50 years$2,285$1,254$654$328$160$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,340,000, adding $2,406 every year, while hoping to spend $50,790 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: 53/19/28 Blend
44$2,340,000$2,340,000$2,340,000$2,340,000
45$2,581,162$2,457,142$2,420,872$2,697,658
46$2,790,400$2,523,502$2,447,931$2,845,034
47$3,019,279$2,591,411$2,474,194$2,999,971
48$3,269,747$2,660,892$2,499,581$3,167,582
49$3,543,951$2,731,966$2,524,008$3,349,100
50$3,844,256$2,804,654$2,547,384$3,545,885
51$4,173,266$2,878,977$2,569,617$3,759,433
52$4,533,846$2,954,955$2,590,606$3,991,395
53$4,929,155$3,032,604$2,610,248$4,243,589
54$5,362,671$3,111,944$2,628,434$4,518,018
55$5,838,224$3,192,989$2,645,046$4,816,889
56$6,360,033$3,275,756$2,659,965$5,142,633
57$6,932,745$3,360,257$2,673,063$5,497,932
58$7,561,479$3,446,503$2,684,205$5,885,739
59$8,251,874$3,534,507$2,693,250$6,309,309
60$9,010,143$3,624,274$2,700,051$6,772,228
61$9,843,126$3,715,813$2,704,452$7,278,450
62$10,758,364$3,809,126$2,706,290$7,832,330
63$11,764,159$3,904,216$2,705,393$8,438,672
64$12,869,662$4,001,081$2,701,582$9,102,765
65$14,084,951$4,099,718$2,694,669$9,830,442
66$15,421,131$4,200,119$2,684,455$10,628,130
67$16,890,436$4,302,275$2,670,734$11,502,912
68$18,506,346$4,406,171$2,653,288$12,462,597
69$20,283,710$4,511,790$2,631,890$13,515,788
70$22,238,891$4,619,111$2,606,302$14,671,969
71$24,389,918$4,728,107$2,576,273$15,941,593
72$26,756,653$4,838,747$2,541,541$17,336,178
73$29,360,982$4,950,997$2,501,833$18,868,422
74$32,227,020$5,064,814$2,456,863$20,552,317
75$35,381,338$5,180,151$2,406,329$22,403,287
76$38,853,211$5,296,955$2,349,918$24,438,330
77$42,674,899$5,415,167$2,287,301$26,676,180
78$46,881,948$5,534,718$2,218,134$29,137,485
79$51,513,522$5,655,536$2,142,058$31,845,002
80$56,612,781$5,777,536$2,058,696$34,823,812
81$62,227,277$5,900,628$1,967,655$38,101,558
82$68,409,412$6,024,711$1,868,524$41,708,707
83$75,216,925$6,149,675$1,760,873$45,678,836
84$82,713,442$6,275,400$1,644,253$50,048,952
85$90,969,072$6,401,754$1,518,194$54,859,843
86$100,061,071$6,528,593$1,382,207$60,156,459
87$110,074,568$6,655,761$1,235,778$65,988,342
88$121,103,370$6,783,090$1,078,373$72,410,094
89$133,250,847$6,910,395$909,432$79,481,891
90$146,630,908$7,037,479$728,373$87,270,053
91$161,369,072$7,164,127$534,584$95,847,674
92$177,603,656$7,290,107$327,431$105,295,308
93$195,487,078$7,415,172$106,249$115,701,736
94$215,187,296$7,539,051$0$127,164,802
95$236,889,393$7,661,458$0$139,831,115
96$260,797,324$7,782,082$0$153,817,137
97$287,135,838$7,900,590$0$169,222,291
98$316,152,601$8,016,627$0$186,191,155
99$348,120,535$8,129,811$0$204,883,056
100$383,340,390$8,239,732$0$225,473,564