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

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$194,887$193,151$191,457$189,804$188,190$181,947
2 years$96,479$94,682$92,940$91,252$89,614$83,386
3 years$63,680$61,876$60,139$58,466$56,855$50,836
4 years$47,284$45,485$43,765$42,121$40,549$34,786
5 years$37,449$35,661$33,964$32,353$30,825$25,332
6 years$30,895$29,120$27,448$25,873$24,391$19,173
7 years$26,215$24,455$22,809$21,272$19,836$14,893
8 years$22,706$20,962$19,344$17,844$16,456$11,784
9 years$19,979$18,251$16,661$15,199$13,858$9,452
10 years$17,798$16,088$14,525$13,102$11,808$7,660
11 years$16,015$14,322$12,788$11,403$10,155$6,257
12 years$14,531$12,855$11,349$10,002$8,800$5,144
13 years$13,275$11,617$10,140$8,830$7,674$4,250
14 years$12,200$10,559$9,110$7,838$6,727$3,526
15 years$11,269$9,646$8,226$6,990$5,923$2,935
16 years$10,456$8,850$7,458$6,259$5,235$2,450
17 years$9,738$8,151$6,786$5,624$4,642$2,049
18 years$9,102$7,532$6,195$5,068$4,127$1,717
19 years$8,532$6,980$5,671$4,580$3,679$1,441
20 years$8,021$6,486$5,205$4,148$3,286$1,211
21 years$7,559$6,042$4,787$3,764$2,940$1,019
22 years$7,139$5,640$4,412$3,423$2,636$858
23 years$6,756$5,275$4,074$3,117$2,366$723
24 years$6,406$4,942$3,768$2,843$2,127$610
25 years$6,084$4,638$3,490$2,596$1,914$514
26 years$5,788$4,359$3,236$2,374$1,724$434
27 years$5,514$4,102$3,005$2,173$1,554$367
28 years$5,260$3,866$2,794$1,991$1,402$310
29 years$5,024$3,647$2,600$1,826$1,266$262
30 years$4,804$3,444$2,422$1,675$1,144$221
31 years$4,599$3,256$2,258$1,539$1,034$187
32 years$4,407$3,080$2,106$1,414$936$158
33 years$4,226$2,917$1,967$1,300$847$133
34 years$4,057$2,765$1,838$1,197$767$113
35 years$3,898$2,622$1,718$1,101$694$95
36 years$3,748$2,489$1,607$1,014$629$81
37 years$3,607$2,364$1,504$935$570$68
38 years$3,473$2,247$1,409$862$517$58
39 years$3,346$2,136$1,320$794$469$49
40 years$3,226$2,033$1,237$733$425$41
41 years$3,113$1,935$1,160$676$386$35
42 years$3,005$1,843$1,088$624$350$30
43 years$2,902$1,756$1,021$576$318$25
44 years$2,804$1,674$958$532$288$21
45 years$2,711$1,596$900$491$262$18
46 years$2,622$1,522$845$454$238$15
47 years$2,537$1,453$794$419$216$13
48 years$2,456$1,387$746$387$196$11
49 years$2,378$1,324$701$358$178$9
50 years$2,304$1,265$659$331$162$8

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 $3,886 every year, while hoping to spend $43,720 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: 46/40/14 Blend
44$2,360,000$2,360,000$2,360,000$2,360,000
45$2,604,728$2,479,648$2,443,068$2,714,052
46$2,823,893$2,554,633$2,478,393$2,865,323
47$3,063,947$2,631,827$2,513,437$3,024,577
48$3,326,975$2,711,292$2,548,142$3,196,384
49$3,615,273$2,793,092$2,582,451$3,381,926
50$3,931,369$2,877,292$2,616,302$3,582,504
51$4,278,048$2,963,959$2,649,627$3,799,548
52$4,658,377$3,053,161$2,682,358$4,034,631
53$5,075,735$3,144,969$2,714,420$4,289,486
54$5,533,843$3,239,455$2,745,736$4,566,017
55$6,036,799$3,336,693$2,776,223$4,866,321
56$6,589,120$3,436,759$2,805,794$5,192,708
57$7,195,780$3,539,729$2,834,358$5,547,718
58$7,862,258$3,645,685$2,861,817$5,934,148
59$8,594,591$3,754,706$2,888,070$6,355,077
60$9,399,429$3,866,876$2,913,010$6,813,897
61$10,284,098$3,982,280$2,936,524$7,314,340
62$11,256,670$4,101,006$2,958,491$7,860,518
63$12,326,038$4,223,143$2,978,788$8,456,959
64$13,501,999$4,348,782$2,997,282$9,108,648
65$14,795,347$4,478,016$3,013,835$9,821,076
66$16,217,974$4,610,941$3,028,301$10,600,291
67$17,782,986$4,747,655$3,040,527$11,452,955
68$19,504,818$4,888,258$3,050,352$12,386,404
69$21,399,377$5,032,851$3,057,608$13,408,722
70$23,484,192$5,181,539$3,062,115$14,528,811
71$25,778,573$5,334,427$3,063,690$15,756,478
72$28,303,799$5,491,626$3,062,135$17,102,528
73$31,083,317$5,653,246$3,057,247$18,578,863
74$34,142,959$5,819,399$3,048,809$20,198,595
75$37,511,194$5,990,202$3,036,597$21,976,171
76$41,219,386$6,165,773$3,020,373$23,927,507
77$45,302,099$6,346,231$2,999,891$26,070,137
78$49,797,416$6,531,699$2,974,890$28,423,381
79$54,747,302$6,722,302$2,945,099$31,008,525
80$60,197,999$6,918,167$2,910,231$33,849,022
81$66,200,460$7,119,423$2,869,990$36,970,714
82$72,810,835$7,326,202$2,824,062$40,402,073
83$80,090,992$7,538,637$2,772,120$44,174,471
84$88,109,108$7,756,866$2,713,821$48,322,477
85$96,940,311$7,981,027$2,648,808$52,884,181
86$106,667,385$8,211,259$2,576,706$57,901,552
87$117,381,555$8,447,707$2,497,121$63,420,838
88$129,183,343$8,690,514$2,409,645$69,492,998
89$142,183,523$8,939,829$2,313,847$76,174,184
90$156,504,162$9,195,799$2,209,280$83,526,274
91$172,279,769$9,458,577$2,095,474$91,617,448
92$189,658,573$9,728,314$1,971,940$100,522,840
93$208,803,912$10,005,166$1,838,164$110,325,241
94$229,895,781$10,289,289$1,693,612$121,115,882
95$253,132,527$10,580,841$1,537,725$132,995,296
96$278,732,724$10,879,981$1,369,918$146,074,264
97$306,937,232$11,186,871$1,189,580$160,474,863
98$338,011,474$11,501,671$996,075$176,331,617
99$372,247,938$11,824,547$788,737$193,792,768
100$409,968,939$12,155,661$566,871$213,021,671