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%18.2%
1 years$193,235$191,514$189,834$188,195$186,595$180,405
2 years$95,661$93,879$92,153$90,479$88,855$82,679
3 years$63,140$61,351$59,629$57,970$56,373$50,405
4 years$46,883$45,100$43,395$41,764$40,206$34,491
5 years$37,132$35,359$33,676$32,079$30,564$25,117
6 years$30,633$28,873$27,215$25,654$24,184$19,011
7 years$25,992$24,247$22,616$21,092$19,668$14,767
8 years$22,514$20,785$19,180$17,693$16,317$11,684
9 years$19,810$18,097$16,520$15,071$13,741$9,372
10 years$17,647$15,951$14,402$12,991$11,708$7,595
11 years$15,880$14,201$12,680$11,306$10,069$6,204
12 years$14,408$12,746$11,253$9,917$8,726$5,101
13 years$13,163$11,518$10,054$8,755$7,609$4,214
14 years$12,097$10,470$9,033$7,772$6,670$3,496
15 years$11,174$9,564$8,156$6,931$5,873$2,910
16 years$10,367$8,775$7,394$6,206$5,190$2,429
17 years$9,656$8,082$6,729$5,576$4,602$2,032
18 years$9,024$7,468$6,142$5,025$4,092$1,703
19 years$8,460$6,921$5,623$4,541$3,647$1,429
20 years$7,953$6,431$5,161$4,112$3,258$1,201
21 years$7,495$5,991$4,747$3,732$2,915$1,010
22 years$7,078$5,592$4,375$3,394$2,613$851
23 years$6,699$5,230$4,039$3,091$2,346$717
24 years$6,352$4,900$3,736$2,819$2,108$605
25 years$6,033$4,599$3,460$2,574$1,897$510
26 years$5,739$4,322$3,209$2,354$1,709$430
27 years$5,467$4,067$2,980$2,154$1,541$363
28 years$5,215$3,833$2,770$1,974$1,390$307
29 years$4,981$3,616$2,578$1,810$1,255$259
30 years$4,763$3,415$2,401$1,661$1,134$219
31 years$4,560$3,228$2,239$1,526$1,026$185
32 years$4,369$3,054$2,089$1,402$928$157
33 years$4,191$2,893$1,950$1,289$840$132
34 years$4,023$2,741$1,822$1,186$760$112
35 years$3,865$2,600$1,704$1,092$688$95
36 years$3,716$2,468$1,594$1,006$624$80
37 years$3,576$2,344$1,492$927$565$68
38 years$3,444$2,228$1,397$854$513$57
39 years$3,318$2,118$1,309$788$465$48
40 years$3,199$2,015$1,227$726$422$41
41 years$3,086$1,918$1,150$670$382$35
42 years$2,979$1,827$1,079$619$347$29
43 years$2,877$1,741$1,012$571$315$25
44 years$2,780$1,659$950$527$286$21
45 years$2,688$1,582$892$487$260$18
46 years$2,600$1,510$838$450$236$15
47 years$2,516$1,441$787$416$214$13
48 years$2,435$1,375$740$384$194$11
49 years$2,358$1,313$695$355$177$9
50 years$2,285$1,254$654$328$160$8

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 $5,900 every year, while hoping to spend $55,026 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: 57/35/8 Blend
44$2,340,000$2,340,000$2,340,000$2,340,000
45$2,584,766$2,460,746$2,424,476$2,727,039
46$2,789,865$2,522,775$2,447,149$2,885,558
47$3,014,039$2,586,000$2,468,737$3,051,512
48$3,259,178$2,650,420$2,489,145$3,230,981
49$3,527,358$2,716,034$2,508,276$3,425,261
50$3,820,868$2,782,840$2,526,023$3,635,779
51$4,142,229$2,850,831$2,542,277$3,864,108
52$4,494,214$2,920,000$2,556,921$4,111,979
53$4,879,881$2,990,337$2,569,835$4,381,297
54$5,302,595$3,061,829$2,580,890$4,674,161
55$5,766,062$3,134,461$2,589,952$4,992,883
56$6,274,364$3,208,214$2,596,880$5,340,009
57$6,831,998$3,283,065$2,601,524$5,718,344
58$7,443,917$3,358,991$2,603,730$6,130,975
59$8,115,576$3,435,961$2,603,335$6,581,306
60$8,852,984$3,513,942$2,600,166$7,073,086
61$9,662,761$3,592,898$2,594,044$7,610,443
62$10,552,198$3,672,785$2,584,780$8,197,928
63$11,529,329$3,753,558$2,572,176$8,840,553
64$12,603,002$3,835,164$2,556,026$9,543,840
65$13,782,967$3,917,546$2,536,112$10,313,875
66$15,079,964$4,000,640$2,512,206$11,157,361
67$16,505,826$4,084,377$2,484,070$12,081,687
68$18,073,588$4,168,679$2,451,454$13,094,991
69$19,797,612$4,253,463$2,414,097$14,206,245
70$21,693,724$4,338,638$2,371,724$15,425,331
71$23,779,357$4,424,105$2,324,050$16,763,140
72$26,073,720$4,509,754$2,270,775$18,231,675
73$28,597,978$4,595,471$2,211,584$19,844,161
74$31,375,449$4,681,126$2,146,149$21,615,172
75$34,431,827$4,766,583$2,074,127$23,560,769
76$37,795,422$4,851,695$1,995,159$25,698,651
77$41,497,428$4,936,301$1,908,870$28,048,322
78$45,572,215$5,020,229$1,814,866$30,631,277
79$50,057,655$5,103,293$1,712,738$33,471,202
80$54,995,477$5,185,296$1,602,056$36,594,202
81$60,431,664$5,266,024$1,482,373$40,029,045
82$66,416,880$5,345,246$1,353,220$43,807,433
83$73,006,957$5,422,718$1,214,107$47,964,304
84$80,263,411$5,498,175$1,064,524$52,538,163
85$88,254,030$5,571,337$903,937$57,571,442
86$97,053,511$5,641,902$731,789$63,110,905
87$106,744,162$5,709,549$547,497$69,208,086
88$117,416,682$5,773,932$350,453$75,919,783
89$129,171,015$5,834,686$140,025$83,308,586
90$142,117,291$5,891,418$0$91,443,475
91$156,376,869$5,943,712$0$100,407,687
92$172,083,477$5,991,121$0$110,291,007
93$189,384,479$6,033,173$0$121,173,861
94$208,442,260$6,069,363$0$133,158,066
95$229,435,763$6,099,154$0$146,355,824
96$252,562,173$6,121,975$0$160,890,786
97$278,038,782$6,137,219$0$176,899,220
98$306,105,036$6,144,241$0$194,531,292
99$337,024,796$6,142,356$0$213,952,495
100$371,088,829$6,130,835$0$235,345,201