Can I retire at age 45 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$194,887$193,151$191,457$189,804$188,190$185,301
2 years$96,479$94,682$92,940$91,252$89,614$86,711
3 years$63,680$61,876$60,139$58,466$56,855$54,027
4 years$47,284$45,485$43,765$42,121$40,549$37,819
5 years$37,449$35,661$33,964$32,353$30,825$28,200
6 years$30,895$29,120$27,448$25,873$24,391$21,874
7 years$26,215$24,455$22,809$21,272$19,836$17,429
8 years$22,706$20,962$19,344$17,844$16,456$14,158
9 years$19,979$18,251$16,661$15,199$13,858$11,668
10 years$17,798$16,088$14,525$13,102$11,808$9,724
11 years$16,015$14,322$12,788$11,403$10,155$8,175
12 years$14,531$12,855$11,349$10,002$8,800$6,921
13 years$13,275$11,617$10,140$8,830$7,674$5,894
14 years$12,200$10,559$9,110$7,838$6,727$5,042
15 years$11,269$9,646$8,226$6,990$5,923$4,331
16 years$10,456$8,850$7,458$6,259$5,235$3,733
17 years$9,738$8,151$6,786$5,624$4,642$3,226
18 years$9,102$7,532$6,195$5,068$4,127$2,794
19 years$8,532$6,980$5,671$4,580$3,679$2,425
20 years$8,021$6,486$5,205$4,148$3,286$2,109
21 years$7,559$6,042$4,787$3,764$2,940$1,836
22 years$7,139$5,640$4,412$3,423$2,636$1,601
23 years$6,756$5,275$4,074$3,117$2,366$1,398
24 years$6,406$4,942$3,768$2,843$2,127$1,221
25 years$6,084$4,638$3,490$2,596$1,914$1,068
26 years$5,788$4,359$3,236$2,374$1,724$934
27 years$5,514$4,102$3,005$2,173$1,554$818
28 years$5,260$3,866$2,794$1,991$1,402$717
29 years$5,024$3,647$2,600$1,826$1,266$628
30 years$4,804$3,444$2,422$1,675$1,144$551
31 years$4,599$3,256$2,258$1,539$1,034$483
32 years$4,407$3,080$2,106$1,414$936$424
33 years$4,226$2,917$1,967$1,300$847$372
34 years$4,057$2,765$1,838$1,197$767$327
35 years$3,898$2,622$1,718$1,101$694$287
36 years$3,748$2,489$1,607$1,014$629$252
37 years$3,607$2,364$1,504$935$570$221
38 years$3,473$2,247$1,409$862$517$195
39 years$3,346$2,136$1,320$794$469$171
40 years$3,226$2,033$1,237$733$425$150
41 years$3,113$1,935$1,160$676$386$132
42 years$3,005$1,843$1,088$624$350$116
43 years$2,902$1,756$1,021$576$318$102
44 years$2,804$1,674$958$532$288$90
45 years$2,711$1,596$900$491$262$79
46 years$2,622$1,522$845$454$238$69
47 years$2,537$1,453$794$419$216$61
48 years$2,456$1,387$746$387$196$54
49 years$2,378$1,324$701$358$178$47
50 years$2,304$1,265$659$331$162$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,360,000, adding $5,621 every year, while hoping to spend $35,063 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: 43/43/14 Blend
44$2,360,000$2,360,000$2,360,000$2,360,000
45$2,606,518$2,481,438$2,444,858$2,707,770
46$2,835,076$2,565,722$2,489,454$2,863,546
47$3,085,772$2,652,960$2,534,369$3,028,272
48$3,360,827$2,743,261$2,579,576$3,205,966
49$3,662,686$2,836,736$2,625,047$3,397,836
50$3,994,046$2,933,502$2,670,752$3,605,205
51$4,357,874$3,033,679$2,716,658$3,829,530
52$4,757,441$3,137,393$2,762,729$4,072,412
53$5,196,347$3,244,773$2,808,928$4,335,612
54$5,678,562$3,355,954$2,855,215$4,621,063
55$6,208,457$3,471,077$2,901,546$4,930,896
56$6,790,847$3,590,288$2,947,875$5,267,452
57$7,431,039$3,713,737$2,994,155$5,633,305
58$8,134,878$3,841,583$3,040,331$6,031,290
59$8,908,803$3,973,988$3,086,350$6,464,523
60$9,759,909$4,111,122$3,132,151$6,936,435
61$10,696,015$4,253,162$3,177,673$7,450,800
62$11,725,731$4,400,290$3,222,848$8,011,774
63$12,858,549$4,552,697$3,267,607$8,623,928
64$14,104,923$4,710,581$3,311,874$9,292,295
65$15,476,374$4,874,148$3,355,570$10,022,416
66$16,985,594$5,043,611$3,398,611$10,820,390
67$18,646,569$5,219,193$3,440,910$11,692,932
68$20,474,710$5,401,124$3,482,371$12,647,434
69$22,486,996$5,589,645$3,522,896$13,692,038
70$24,702,137$5,785,005$3,562,381$14,835,705
71$27,140,749$5,987,464$3,600,714$16,088,308
72$29,825,548$6,197,292$3,637,780$17,460,714
73$32,781,564$6,414,770$3,673,456$18,964,895
74$36,036,378$6,640,188$3,707,612$20,614,032
75$39,620,383$6,873,852$3,740,111$22,422,644
76$43,567,068$7,116,077$3,770,811$24,406,724
77$47,913,335$7,367,191$3,799,559$26,583,883
78$52,699,848$7,627,535$3,826,197$28,973,522
79$57,971,414$7,897,467$3,850,556$31,597,009
80$63,777,410$8,177,354$3,872,462$34,477,885
81$70,172,245$8,467,583$3,891,728$37,642,077
82$77,215,873$8,768,554$3,908,160$41,118,149
83$84,974,362$9,080,683$3,921,553$44,937,567
84$93,520,514$9,404,404$3,931,693$49,134,992
85$102,934,556$9,740,169$3,938,353$53,748,613
86$113,304,890$10,088,447$3,941,298$58,820,498
87$124,728,935$10,449,727$3,940,278$64,396,994
88$137,314,042$10,824,519$3,935,033$70,529,163
89$151,178,507$11,213,353$3,925,288$77,273,260
90$166,452,687$11,616,780$3,910,758$84,691,265
91$183,280,234$12,035,375$3,891,142$92,851,464
92$201,819,446$12,469,737$3,866,123$101,829,093
93$222,244,764$12,920,488$3,835,372$111,707,046
94$244,748,415$13,388,277$3,798,543$122,576,655
95$269,542,232$13,873,781$3,755,272$134,538,551
96$296,859,646$14,377,703$3,705,181$147,703,611
97$326,957,896$14,900,777$3,647,870$162,194,004
98$360,120,453$15,443,766$3,582,925$178,144,340
99$396,659,694$16,007,466$3,509,909$195,702,939
100$436,919,858$16,592,707$3,428,365$215,033,230