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%12.1%
1 years$194,061$192,332$190,646$189,000$187,392$185,745
2 years$96,070$94,280$92,546$90,865$89,234$87,574
3 years$63,410$61,613$59,884$58,218$56,614$54,992
4 years$47,084$45,292$43,580$41,943$40,378$38,807
5 years$37,290$35,510$33,820$32,216$30,694$29,180
6 years$30,764$28,996$27,331$25,764$24,287$22,831
7 years$26,103$24,351$22,713$21,182$19,752$18,354
8 years$22,610$20,873$19,262$17,769$16,386$15,047
9 years$19,894$18,174$16,590$15,135$13,800$12,518
10 years$17,723$16,020$14,464$13,047$11,758$10,533
11 years$15,948$14,261$12,734$11,354$10,112$8,944
12 years$14,469$12,800$11,301$9,959$8,763$7,650
13 years$13,219$11,568$10,097$8,793$7,642$6,582
14 years$12,149$10,515$9,072$7,805$6,699$5,692
15 years$11,222$9,605$8,191$6,961$5,898$4,942
16 years$10,411$8,813$7,426$6,233$5,213$4,307
17 years$9,697$8,116$6,757$5,600$4,622$3,764
18 years$9,063$7,500$6,169$5,047$4,110$3,298
19 years$8,496$6,951$5,647$4,560$3,663$2,896
20 years$7,987$6,459$5,183$4,130$3,272$2,548
21 years$7,527$6,016$4,767$3,748$2,928$2,246
22 years$7,109$5,616$4,394$3,408$2,624$1,982
23 years$6,728$5,252$4,057$3,104$2,356$1,751
24 years$6,379$4,921$3,752$2,831$2,117$1,549
25 years$6,059$4,618$3,475$2,585$1,905$1,372
26 years$5,763$4,340$3,223$2,364$1,716$1,216
27 years$5,491$4,085$2,993$2,164$1,547$1,078
28 years$5,238$3,849$2,782$1,982$1,396$957
29 years$5,003$3,631$2,589$1,818$1,261$850
30 years$4,784$3,429$2,411$1,668$1,139$755
31 years$4,579$3,242$2,248$1,532$1,030$671
32 years$4,388$3,067$2,098$1,408$932$597
33 years$4,209$2,905$1,958$1,295$843$531
34 years$4,040$2,753$1,830$1,191$763$472
35 years$3,882$2,611$1,711$1,097$691$420
36 years$3,732$2,479$1,600$1,010$626$374
37 years$3,591$2,354$1,498$931$568$333
38 years$3,458$2,237$1,403$858$515$297
39 years$3,332$2,127$1,314$791$467$264
40 years$3,213$2,024$1,232$730$423$236
41 years$3,100$1,927$1,155$673$384$210
42 years$2,992$1,835$1,084$621$349$187
43 years$2,890$1,748$1,017$573$316$167
44 years$2,792$1,666$954$529$287$149
45 years$2,699$1,589$896$489$261$132
46 years$2,611$1,516$842$452$237$118
47 years$2,526$1,447$791$417$215$105
48 years$2,446$1,381$743$386$195$94
49 years$2,368$1,319$698$356$177$84
50 years$2,294$1,260$657$329$161$75

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 $5,576 every year, while hoping to spend $59,748 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: 59/33/8 Blend
44$2,350,000$2,350,000$2,350,000$2,350,000
45$2,595,452$2,470,902$2,434,477$2,743,691
46$2,796,616$2,528,404$2,452,460$2,901,355
47$3,016,297$2,586,722$2,469,044$3,065,905
48$3,256,320$2,645,832$2,484,117$3,243,834
49$3,518,695$2,705,708$2,497,565$3,436,432
50$3,805,634$2,766,320$2,509,266$3,645,117
51$4,119,573$2,827,634$2,519,091$3,871,452
52$4,463,197$2,889,615$2,526,907$4,117,156
53$4,839,457$2,952,221$2,532,573$4,384,124
54$5,251,608$3,015,407$2,535,941$4,674,445
55$5,703,233$3,079,122$2,536,855$4,990,416
56$6,198,275$3,143,312$2,535,153$5,334,572
57$6,741,082$3,207,916$2,530,663$5,709,703
58$7,336,438$3,272,870$2,523,206$6,118,882
59$7,989,615$3,338,101$2,512,594$6,565,498
60$8,706,419$3,403,531$2,498,629$7,053,282
61$9,493,246$3,469,076$2,481,105$7,586,346
62$10,357,140$3,534,644$2,459,805$8,169,222
63$11,305,863$3,600,136$2,434,503$8,806,902
64$12,347,962$3,665,444$2,404,961$9,504,887
65$13,492,856$3,730,453$2,370,929$10,269,241
66$14,750,920$3,795,037$2,332,147$11,106,645
67$16,133,582$3,859,063$2,288,342$12,024,461
68$17,653,435$3,922,384$2,239,230$13,030,802
69$19,324,352$3,984,847$2,184,510$14,134,610
70$21,161,615$4,046,284$2,123,870$15,345,738
71$23,182,064$4,106,516$2,056,984$16,675,047
72$25,404,250$4,165,351$1,983,508$18,134,504
73$27,848,614$4,222,584$1,903,086$19,737,298
74$30,537,677$4,277,995$1,815,344$21,497,965
75$33,496,252$4,331,348$1,719,890$23,432,526
76$36,751,680$4,382,394$1,616,316$25,558,636
77$40,334,083$4,430,864$1,504,195$27,895,753
78$44,276,654$4,476,471$1,383,081$30,465,322
79$48,615,966$4,518,910$1,252,506$33,290,978
80$53,392,314$4,557,857$1,111,985$36,398,768
81$58,650,101$4,592,964$961,008$39,817,401
82$64,438,254$4,623,861$799,044$43,578,516
83$70,810,683$4,650,157$625,539$47,716,982
84$77,826,790$4,671,433$439,912$52,271,231
85$85,552,034$4,687,243$241,560$57,283,617
86$94,058,539$4,697,116$29,851$62,800,821
87$103,425,785$4,700,550$0$68,874,289
88$113,741,347$4,697,009$0$75,577,459
89$125,101,731$4,685,929$0$82,959,891
90$137,613,274$4,666,706$0$91,087,964
91$151,393,157$4,638,703$0$100,037,646
92$166,570,502$4,601,243$0$109,892,655
93$183,287,597$4,553,608$0$120,745,256
94$201,701,234$4,495,036$0$132,697,126
95$221,984,187$4,424,720$0$145,860,324
96$244,326,849$4,341,806$0$160,358,340
97$268,939,021$4,245,388$0$176,327,270
98$296,051,895$4,134,507$0$193,917,100
99$325,920,238$4,008,147$0$213,293,120
100$358,824,789$3,865,233$0$234,637,491