Can I retire at age 45 with 2,350,000?

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 $2,350,000?

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$194,061$192,332$190,646$189,000$187,392$184,288
2 years$96,070$94,280$92,546$90,865$89,234$86,116
3 years$63,410$61,613$59,884$58,218$56,614$53,578
4 years$47,084$45,292$43,580$41,943$40,378$37,448
5 years$37,290$35,510$33,820$32,216$30,694$27,880
6 years$30,764$28,996$27,331$25,764$24,287$21,591
7 years$26,103$24,351$22,713$21,182$19,752$17,174
8 years$22,610$20,873$19,262$17,769$16,386$13,927
9 years$19,894$18,174$16,590$15,135$13,800$11,457
10 years$17,723$16,020$14,464$13,047$11,758$9,530
11 years$15,948$14,261$12,734$11,354$10,112$7,997
12 years$14,469$12,800$11,301$9,959$8,763$6,758
13 years$13,219$11,568$10,097$8,793$7,642$5,743
14 years$12,149$10,515$9,072$7,805$6,699$4,904
15 years$11,222$9,605$8,191$6,961$5,898$4,203
16 years$10,411$8,813$7,426$6,233$5,213$3,615
17 years$9,697$8,116$6,757$5,600$4,622$3,117
18 years$9,063$7,500$6,169$5,047$4,110$2,695
19 years$8,496$6,951$5,647$4,560$3,663$2,334
20 years$7,987$6,459$5,183$4,130$3,272$2,025
21 years$7,527$6,016$4,767$3,748$2,928$1,759
22 years$7,109$5,616$4,394$3,408$2,624$1,530
23 years$6,728$5,252$4,057$3,104$2,356$1,333
24 years$6,379$4,921$3,752$2,831$2,117$1,162
25 years$6,059$4,618$3,475$2,585$1,905$1,013
26 years$5,763$4,340$3,223$2,364$1,716$885
27 years$5,491$4,085$2,993$2,164$1,547$773
28 years$5,238$3,849$2,782$1,982$1,396$675
29 years$5,003$3,631$2,589$1,818$1,261$590
30 years$4,784$3,429$2,411$1,668$1,139$517
31 years$4,579$3,242$2,248$1,532$1,030$452
32 years$4,388$3,067$2,098$1,408$932$396
33 years$4,209$2,905$1,958$1,295$843$346
34 years$4,040$2,753$1,830$1,191$763$303
35 years$3,882$2,611$1,711$1,097$691$266
36 years$3,732$2,479$1,600$1,010$626$233
37 years$3,591$2,354$1,498$931$568$204
38 years$3,458$2,237$1,403$858$515$179
39 years$3,332$2,127$1,314$791$467$157
40 years$3,213$2,024$1,232$730$423$137
41 years$3,100$1,927$1,155$673$384$120
42 years$2,992$1,835$1,084$621$349$106
43 years$2,890$1,748$1,017$573$316$93
44 years$2,792$1,666$954$529$287$81
45 years$2,699$1,589$896$489$261$71
46 years$2,611$1,516$842$452$237$62
47 years$2,526$1,447$791$417$215$55
48 years$2,446$1,381$743$386$195$48
49 years$2,368$1,319$698$356$177$42
50 years$2,294$1,260$657$329$161$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,350,000, adding $5,022 every year, while hoping to spend $36,316 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: 47/28/25 Blend
44$2,350,000$2,350,000$2,350,000$2,350,000
45$2,594,880$2,470,330$2,433,905$2,698,075
46$2,820,918$2,552,736$2,476,801$2,853,506
47$3,068,795$2,637,963$2,519,917$3,018,149
48$3,340,699$2,726,111$2,563,221$3,196,147
49$3,639,043$2,817,283$2,606,682$3,388,769
50$3,966,482$2,911,586$2,650,262$3,597,416
51$4,325,941$3,009,133$2,693,924$3,823,623
52$4,720,645$3,110,037$2,737,628$4,069,085
53$5,154,141$3,214,420$2,781,330$4,335,664
54$5,630,343$3,322,406$2,824,983$4,625,410
55$6,153,557$3,434,123$2,868,539$4,940,580
56$6,728,529$3,549,705$2,911,945$5,283,658
57$7,360,490$3,669,290$2,955,146$5,657,378
58$8,055,198$3,793,024$2,998,081$6,064,752
59$8,819,000$3,921,054$3,040,689$6,509,093
60$9,658,889$4,053,536$3,082,903$6,994,052
61$10,582,567$4,190,631$3,124,652$7,523,648
62$11,598,522$4,332,506$3,165,861$8,102,307
63$12,716,106$4,479,333$3,206,452$8,734,902
64$13,945,621$4,631,292$3,246,340$9,426,801
65$15,298,420$4,788,571$3,285,438$10,183,916
66$16,787,009$4,951,362$3,323,651$11,012,758
67$18,425,172$5,119,866$3,360,881$11,920,499
68$20,228,093$5,294,293$3,397,023$12,915,038
69$22,212,503$5,474,858$3,431,969$14,005,077
70$24,396,840$5,661,787$3,465,601$15,200,200
71$26,801,416$5,855,314$3,497,797$16,510,968
72$29,448,617$6,055,680$3,528,430$17,949,010
73$32,363,106$6,263,139$3,557,362$19,527,142
74$35,572,060$6,477,950$3,584,452$21,259,478
75$39,105,428$6,700,387$3,609,548$23,161,572
76$42,996,207$6,930,732$3,632,493$25,250,557
77$47,280,759$7,169,277$3,653,121$27,545,309
78$51,999,153$7,416,327$3,671,257$30,066,626
79$57,195,538$7,672,199$3,686,716$32,837,421
80$62,918,568$7,937,222$3,699,306$35,882,940
81$69,221,853$8,211,737$3,708,824$39,230,998
82$76,164,470$8,496,100$3,715,056$42,912,242
83$83,811,515$8,790,678$3,717,781$46,960,441
84$92,234,725$9,095,857$3,716,762$51,412,801
85$101,513,147$9,412,034$3,711,753$56,310,317
86$111,733,889$9,739,624$3,702,497$61,698,162
87$122,992,937$10,079,057$3,688,723$67,626,108
88$135,396,067$10,430,782$3,670,146$74,148,998
89$149,059,840$10,795,263$3,646,469$81,327,263
90$164,112,698$11,172,986$3,617,380$89,227,493
91$180,696,183$11,564,452$3,582,552$97,923,060
92$198,966,269$11,970,186$3,541,644$107,494,815
93$219,094,836$12,390,732$3,494,296$118,031,849
94$241,271,287$12,826,656$3,440,133$129,632,332
95$265,704,343$13,278,547$3,378,761$142,404,439
96$292,624,007$13,747,016$3,309,771$156,467,373
97$322,283,738$14,232,703$3,232,731$171,952,486
98$354,962,842$14,736,268$3,147,190$189,004,522
99$390,969,109$15,258,403$3,052,678$207,782,977
100$430,641,717$15,799,823$2,948,702$228,463,610