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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$194,061$192,332$190,646$189,000$187,392$181,032
2 years$96,070$94,280$92,546$90,865$89,234$82,890
3 years$63,410$61,613$59,884$58,218$56,614$50,485
4 years$47,084$45,292$43,580$41,943$40,378$34,511
5 years$37,290$35,510$33,820$32,216$30,694$25,105
6 years$30,764$28,996$27,331$25,764$24,287$18,981
7 years$26,103$24,351$22,713$21,182$19,752$14,727
8 years$22,610$20,873$19,262$17,769$16,386$11,639
9 years$19,894$18,174$16,590$15,135$13,800$9,324
10 years$17,723$16,020$14,464$13,047$11,758$7,546
11 years$15,948$14,261$12,734$11,354$10,112$6,157
12 years$14,469$12,800$11,301$9,959$8,763$5,055
13 years$13,219$11,568$10,097$8,793$7,642$4,171
14 years$12,149$10,515$9,072$7,805$6,699$3,456
15 years$11,222$9,605$8,191$6,961$5,898$2,872
16 years$10,411$8,813$7,426$6,233$5,213$2,394
17 years$9,697$8,116$6,757$5,600$4,622$1,999
18 years$9,063$7,500$6,169$5,047$4,110$1,673
19 years$8,496$6,951$5,647$4,560$3,663$1,402
20 years$7,987$6,459$5,183$4,130$3,272$1,177
21 years$7,527$6,016$4,767$3,748$2,928$988
22 years$7,109$5,616$4,394$3,408$2,624$831
23 years$6,728$5,252$4,057$3,104$2,356$699
24 years$6,379$4,921$3,752$2,831$2,117$588
25 years$6,059$4,618$3,475$2,585$1,905$496
26 years$5,763$4,340$3,223$2,364$1,716$418
27 years$5,491$4,085$2,993$2,164$1,547$352
28 years$5,238$3,849$2,782$1,982$1,396$297
29 years$5,003$3,631$2,589$1,818$1,261$250
30 years$4,784$3,429$2,411$1,668$1,139$211
31 years$4,579$3,242$2,248$1,532$1,030$178
32 years$4,388$3,067$2,098$1,408$932$150
33 years$4,209$2,905$1,958$1,295$843$127
34 years$4,040$2,753$1,830$1,191$763$107
35 years$3,882$2,611$1,711$1,097$691$90
36 years$3,732$2,479$1,600$1,010$626$76
37 years$3,591$2,354$1,498$931$568$64
38 years$3,458$2,237$1,403$858$515$54
39 years$3,332$2,127$1,314$791$467$46
40 years$3,213$2,024$1,232$730$423$39
41 years$3,100$1,927$1,155$673$384$33
42 years$2,992$1,835$1,084$621$349$28
43 years$2,890$1,748$1,017$573$316$23
44 years$2,792$1,666$954$529$287$20
45 years$2,699$1,589$896$489$261$17
46 years$2,611$1,516$842$452$237$14
47 years$2,526$1,447$791$417$215$12
48 years$2,446$1,381$743$386$195$10
49 years$2,368$1,319$698$356$177$8
50 years$2,294$1,260$657$329$161$7

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 $5,916 every year, while hoping to spend $47,928 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: 50/40/10 Blend
44$2,350,000$2,350,000$2,350,000$2,350,000
45$2,595,802$2,471,252$2,434,827$2,718,413
46$2,809,579$2,541,349$2,465,399$2,872,998
47$3,043,555$2,613,273$2,495,389$3,035,317
48$3,299,739$2,687,066$2,524,726$3,210,592
49$3,580,345$2,762,764$2,553,337$3,400,052
50$3,887,810$2,840,409$2,581,143$3,605,049
51$4,224,818$2,920,040$2,608,062$3,827,070
52$4,594,324$3,001,698$2,634,008$4,067,752
53$4,999,586$3,085,421$2,658,887$4,328,896
54$5,444,188$3,171,252$2,682,605$4,612,485
55$5,932,081$3,259,229$2,705,058$4,920,702
56$6,467,616$3,349,393$2,726,140$5,255,951
57$7,055,584$3,441,785$2,745,737$5,620,876
58$7,701,267$3,536,445$2,763,732$6,018,393
59$8,410,478$3,633,413$2,779,999$6,451,710
60$9,189,624$3,732,728$2,794,407$6,924,359
61$10,045,764$3,834,430$2,806,817$7,440,232
62$10,986,672$3,938,557$2,817,086$8,003,615
63$12,020,914$4,045,148$2,825,060$8,619,227
64$13,157,928$4,154,241$2,830,580$9,292,269
65$14,408,110$4,265,872$2,833,477$10,028,466
66$15,782,914$4,380,077$2,833,576$10,834,128
67$17,294,962$4,496,891$2,830,691$11,716,204
68$18,958,157$4,616,348$2,824,629$12,682,350
69$20,787,820$4,738,480$2,815,185$13,741,000
70$22,800,831$4,863,319$2,802,147$14,901,447
71$25,015,788$4,990,893$2,785,290$16,173,926
72$27,453,182$5,121,231$2,764,381$17,569,717
73$30,135,592$5,254,357$2,739,174$19,101,245
74$33,087,897$5,390,295$2,709,411$20,782,204
75$36,337,510$5,529,066$2,674,823$22,627,677
76$39,914,634$5,670,689$2,635,128$24,654,287
77$43,852,552$5,815,178$2,590,030$26,880,347
78$48,187,936$5,962,545$2,539,220$29,326,039
79$52,961,196$6,112,800$2,482,374$32,013,597
80$58,216,857$6,265,947$2,419,153$34,967,524
81$64,003,986$6,421,988$2,349,204$38,214,818
82$70,376,645$6,580,918$2,272,155$41,785,230
83$77,394,410$6,742,730$2,187,619$45,711,540
84$85,122,926$6,907,410$2,095,191$50,029,874
85$93,634,531$7,074,939$1,994,446$54,780,037
86$103,008,935$7,245,293$1,884,942$60,005,895
87$113,333,974$7,418,440$1,766,215$65,755,785
88$124,706,438$7,594,343$1,637,782$72,082,971
89$137,232,984$7,772,955$1,499,137$79,046,152
90$151,031,142$7,954,223$1,349,752$86,710,009
91$166,230,425$8,138,087$1,189,075$95,145,822
92$182,973,549$8,324,473$1,016,530$104,432,138
93$201,417,782$8,513,303$831,514$114,655,517
94$221,736,425$8,704,485$633,400$125,911,345
95$244,120,453$8,897,917$421,530$138,304,737
96$268,780,308$9,093,484$195,221$151,951,532
97$295,947,896$9,291,061$0$166,979,380
98$325,878,765$9,490,507$0$183,533,895
99$358,854,525$9,691,667$0$201,787,709
100$395,185,500$9,894,373$0$221,890,887