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%16.7%
1 years$194,887$193,151$191,457$189,804$188,190$183,047
2 years$96,479$94,682$92,940$91,252$89,614$84,470
3 years$63,680$61,876$60,139$58,466$56,855$51,871
4 years$47,284$45,485$43,765$42,121$40,549$35,764
5 years$37,449$35,661$33,964$32,353$30,825$26,251
6 years$30,895$29,120$27,448$25,873$24,391$20,033
7 years$26,215$24,455$22,809$21,272$19,836$15,694
8 years$22,706$20,962$19,344$17,844$16,456$12,528
9 years$19,979$18,251$16,661$15,199$13,858$10,140
10 years$17,798$16,088$14,525$13,102$11,808$8,295
11 years$16,015$14,322$12,788$11,403$10,155$6,843
12 years$14,531$12,855$11,349$10,002$8,800$5,681
13 years$13,275$11,617$10,140$8,830$7,674$4,742
14 years$12,200$10,559$9,110$7,838$6,727$3,975
15 years$11,269$9,646$8,226$6,990$5,923$3,344
16 years$10,456$8,850$7,458$6,259$5,235$2,822
17 years$9,738$8,151$6,786$5,624$4,642$2,386
18 years$9,102$7,532$6,195$5,068$4,127$2,022
19 years$8,532$6,980$5,671$4,580$3,679$1,717
20 years$8,021$6,486$5,205$4,148$3,286$1,459
21 years$7,559$6,042$4,787$3,764$2,940$1,242
22 years$7,139$5,640$4,412$3,423$2,636$1,058
23 years$6,756$5,275$4,074$3,117$2,366$902
24 years$6,406$4,942$3,768$2,843$2,127$770
25 years$6,084$4,638$3,490$2,596$1,914$657
26 years$5,788$4,359$3,236$2,374$1,724$561
27 years$5,514$4,102$3,005$2,173$1,554$480
28 years$5,260$3,866$2,794$1,991$1,402$410
29 years$5,024$3,647$2,600$1,826$1,266$351
30 years$4,804$3,444$2,422$1,675$1,144$300
31 years$4,599$3,256$2,258$1,539$1,034$257
32 years$4,407$3,080$2,106$1,414$936$220
33 years$4,226$2,917$1,967$1,300$847$188
34 years$4,057$2,765$1,838$1,197$767$161
35 years$3,898$2,622$1,718$1,101$694$138
36 years$3,748$2,489$1,607$1,014$629$118
37 years$3,607$2,364$1,504$935$570$101
38 years$3,473$2,247$1,409$862$517$87
39 years$3,346$2,136$1,320$794$469$74
40 years$3,226$2,033$1,237$733$425$64
41 years$3,113$1,935$1,160$676$386$54
42 years$3,005$1,843$1,088$624$350$47
43 years$2,902$1,756$1,021$576$318$40
44 years$2,804$1,674$958$532$288$34
45 years$2,711$1,596$900$491$262$29
46 years$2,622$1,522$845$454$238$25
47 years$2,537$1,453$794$419$216$22
48 years$2,456$1,387$746$387$196$18
49 years$2,378$1,324$701$358$178$16
50 years$2,304$1,265$659$331$162$14

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 $4,816 every year, while hoping to spend $23,234 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: 58/20/22 Blend
44$2,360,000$2,360,000$2,360,000$2,360,000
45$2,605,688$2,480,608$2,444,028$2,741,202
46$2,846,747$2,577,437$2,501,182$2,930,854
47$3,111,616$2,678,232$2,559,472$3,134,607
48$3,402,698$2,783,162$2,618,912$3,356,245
49$3,722,642$2,892,406$2,679,514$3,597,502
50$4,074,365$3,006,148$2,741,292$3,860,285
51$4,461,083$3,124,582$2,804,257$4,146,691
52$4,886,337$3,247,909$2,868,423$4,459,029
53$5,354,028$3,376,342$2,933,801$4,799,840
54$5,868,457$3,510,101$3,000,401$5,171,921
55$6,434,359$3,649,415$3,068,234$5,578,351
56$7,056,954$3,794,527$3,137,310$6,022,518
57$7,741,992$3,945,687$3,207,638$6,508,152
58$8,495,808$4,103,159$3,279,227$7,039,359
59$9,325,384$4,267,217$3,352,085$7,620,662
60$10,238,411$4,438,149$3,426,218$8,257,039
61$11,243,365$4,616,254$3,501,632$8,953,970
62$12,349,584$4,801,846$3,578,332$9,717,492
63$13,567,359$4,995,254$3,656,323$10,554,252
64$14,908,027$5,196,819$3,735,608$11,471,570
65$16,384,082$5,406,899$3,816,187$12,477,505
66$18,009,292$5,625,870$3,898,062$13,580,937
67$19,798,824$5,854,123$3,981,232$14,791,643
68$21,769,396$6,092,066$4,065,695$16,120,393
69$23,939,425$6,340,128$4,151,446$17,579,047
70$26,329,208$6,598,756$4,238,482$19,180,671
71$28,961,109$6,868,417$4,326,793$20,939,657
72$31,859,774$7,149,601$4,416,372$22,871,856
73$35,052,358$7,442,819$4,507,208$24,994,732
74$38,568,787$7,748,606$4,599,288$27,327,520
75$42,442,036$8,067,520$4,692,597$29,891,412
76$46,708,442$8,400,147$4,787,117$32,709,750
77$51,408,047$8,747,098$4,882,830$35,808,253
78$56,584,976$9,109,014$4,979,712$39,215,252
79$62,287,850$9,486,562$5,077,739$42,961,959
80$68,570,250$9,880,443$5,176,882$47,082,762
81$75,491,220$10,291,389$5,277,112$51,615,545
82$83,115,823$10,720,166$5,378,394$56,602,048
83$91,515,757$11,167,574$5,480,691$62,088,257
84$100,770,031$11,634,452$5,583,961$68,124,838
85$110,965,711$12,121,677$5,688,160$74,767,614
86$122,198,740$12,630,166$5,793,240$82,078,089
87$134,574,846$13,160,878$5,899,148$90,124,029
88$148,210,537$13,714,818$6,005,826$98,980,102
89$163,234,204$14,293,036$6,113,213$108,728,574
90$179,787,329$14,896,632$6,221,243$119,460,093
91$198,025,826$15,526,756$6,329,844$131,274,536
92$218,121,505$16,184,612$6,438,939$144,281,953
93$240,263,701$16,871,460$6,548,445$158,603,606
94$264,661,055$17,588,618$6,658,275$174,373,106
95$291,543,489$18,337,467$6,768,333$191,737,678
96$321,164,372$19,119,450$6,878,519$210,859,546
97$353,802,913$19,936,078$6,988,725$231,917,462
98$389,766,799$20,788,934$7,098,836$255,108,393
99$429,395,094$21,679,674$7,208,729$280,649,376
100$473,061,446$22,610,030$7,318,273$308,779,566