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%15.2%
1 years$193,235$191,514$189,834$188,195$186,595$182,604
2 years$95,661$93,879$92,153$90,479$88,855$84,853
3 years$63,140$61,351$59,629$57,970$56,373$52,486
4 years$46,883$45,100$43,395$41,764$40,206$36,463
5 years$37,132$35,359$33,676$32,079$30,564$26,976
6 years$30,633$28,873$27,215$25,654$24,184$20,755
7 years$25,992$24,247$22,616$21,092$19,668$16,399
8 years$22,514$20,785$19,180$17,693$16,317$13,205
9 years$19,810$18,097$16,520$15,071$13,741$10,786
10 years$17,647$15,951$14,402$12,991$11,708$8,906
11 years$15,880$14,201$12,680$11,306$10,069$7,417
12 years$14,408$12,746$11,253$9,917$8,726$6,219
13 years$13,163$11,518$10,054$8,755$7,609$5,244
14 years$12,097$10,470$9,033$7,772$6,670$4,441
15 years$11,174$9,564$8,156$6,931$5,873$3,775
16 years$10,367$8,775$7,394$6,206$5,190$3,219
17 years$9,656$8,082$6,729$5,576$4,602$2,752
18 years$9,024$7,468$6,142$5,025$4,092$2,358
19 years$8,460$6,921$5,623$4,541$3,647$2,025
20 years$7,953$6,431$5,161$4,112$3,258$1,741
21 years$7,495$5,991$4,747$3,732$2,915$1,499
22 years$7,078$5,592$4,375$3,394$2,613$1,292
23 years$6,699$5,230$4,039$3,091$2,346$1,114
24 years$6,352$4,900$3,736$2,819$2,108$962
25 years$6,033$4,599$3,460$2,574$1,897$831
26 years$5,739$4,322$3,209$2,354$1,709$719
27 years$5,467$4,067$2,980$2,154$1,541$622
28 years$5,215$3,833$2,770$1,974$1,390$538
29 years$4,981$3,616$2,578$1,810$1,255$466
30 years$4,763$3,415$2,401$1,661$1,134$404
31 years$4,560$3,228$2,239$1,526$1,026$350
32 years$4,369$3,054$2,089$1,402$928$303
33 years$4,191$2,893$1,950$1,289$840$263
34 years$4,023$2,741$1,822$1,186$760$228
35 years$3,865$2,600$1,704$1,092$688$198
36 years$3,716$2,468$1,594$1,006$624$171
37 years$3,576$2,344$1,492$927$565$149
38 years$3,444$2,228$1,397$854$513$129
39 years$3,318$2,118$1,309$788$465$112
40 years$3,199$2,015$1,227$726$422$97
41 years$3,086$1,918$1,150$670$382$84
42 years$2,979$1,827$1,079$619$347$73
43 years$2,877$1,741$1,012$571$315$63
44 years$2,780$1,659$950$527$286$55
45 years$2,688$1,582$892$487$260$48
46 years$2,600$1,510$838$450$236$41
47 years$2,516$1,441$787$416$214$36
48 years$2,435$1,375$740$384$194$31
49 years$2,358$1,313$695$355$177$27
50 years$2,285$1,254$654$328$160$24

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 $5,268 every year, while hoping to spend $35,107 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: 54/28/18 Blend
44$2,340,000$2,340,000$2,340,000$2,340,000
45$2,584,114$2,460,094$2,423,824$2,710,831
46$2,810,340$2,543,285$2,467,668$2,881,246
47$3,058,464$2,629,376$2,511,805$3,062,486
48$3,330,684$2,718,471$2,556,207$3,258,998
49$3,629,418$2,810,680$2,600,844$3,472,250
50$3,957,331$2,906,117$2,645,685$3,703,854
51$4,317,360$3,004,897$2,690,696$3,955,587
52$4,712,737$3,107,144$2,735,841$4,229,401
53$5,147,026$3,212,983$2,781,081$4,527,447
54$5,624,150$3,322,547$2,826,375$4,852,090
55$6,148,433$3,435,971$2,871,678$5,205,936
56$6,724,637$3,553,398$2,916,943$5,591,851
57$7,358,009$3,674,974$2,962,120$6,012,992
58$8,054,331$3,800,852$3,007,156$6,472,834
59$8,819,970$3,931,191$3,051,993$6,975,203
60$9,661,943$4,066,156$3,096,571$7,524,311
61$10,587,982$4,205,918$3,140,826$8,124,797
62$11,606,602$4,350,654$3,184,691$8,781,770
63$12,727,190$4,500,550$3,228,091$9,500,855
64$13,960,083$4,655,797$3,270,953$10,288,247
65$15,316,676$4,816,595$3,313,194$11,150,770
66$16,809,519$4,983,151$3,354,729$12,095,938
67$18,452,445$5,155,681$3,395,467$13,132,028
68$20,260,693$5,334,407$3,435,313$14,268,157
69$22,251,054$5,519,563$3,474,166$15,514,367
70$24,442,030$5,711,391$3,511,920$16,881,720
71$26,854,009$5,910,141$3,548,461$18,382,400
72$29,509,456$6,116,075$3,583,672$20,029,832
73$32,433,122$6,329,465$3,617,427$21,838,800
74$35,652,284$6,550,592$3,649,594$23,825,596
75$39,196,996$6,779,751$3,680,035$26,008,165
76$43,100,377$7,017,246$3,708,603$28,406,277
77$47,398,919$7,263,394$3,735,145$31,041,713
78$52,132,835$7,518,527$3,759,499$33,938,470
79$57,346,436$7,782,986$3,781,494$37,122,986
80$63,088,550$8,057,130$3,800,951$40,624,389
81$69,412,982$8,341,329$3,817,683$44,474,772
82$76,379,022$8,635,971$3,831,492$48,709,495
83$84,052,005$8,941,456$3,842,169$53,367,516
84$92,503,925$9,258,203$3,849,497$58,491,760
85$101,814,117$9,586,646$3,853,247$64,129,524
86$112,070,005$9,927,240$3,853,179$70,332,919
87$123,367,925$10,280,454$3,849,040$77,159,366
88$135,814,037$10,646,780$3,840,566$84,672,133
89$149,525,323$11,026,726$3,827,480$92,940,932
90$164,630,696$11,420,826$3,809,490$102,042,580
91$181,272,211$11,829,630$3,786,292$112,061,715
92$199,606,409$12,253,715$3,757,566$123,091,604
93$219,805,796$12,693,680$3,722,977$135,235,014
94$242,060,465$13,150,148$3,682,175$148,605,184
95$266,579,897$13,623,770$3,634,792$163,326,895
96$293,594,932$14,115,221$3,580,443$179,537,644
97$323,359,954$14,625,205$3,518,727$197,388,939
98$356,155,285$15,154,456$3,449,220$217,047,734
99$392,289,838$15,703,738$3,371,483$238,697,999
100$432,104,027$16,273,846$3,285,052$262,542,456