Can I retire at age 45 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$195,712$193,969$192,268$190,608$188,987$184,493
2 years$96,887$95,083$93,334$91,639$89,994$85,493
3 years$63,950$62,138$60,393$58,714$57,096$52,728
4 years$47,484$45,678$43,951$42,300$40,721$36,520
5 years$37,608$35,812$34,108$32,490$30,956$26,933
6 years$31,025$29,243$27,564$25,983$24,494$20,655
7 years$26,326$24,558$22,906$21,362$19,920$16,264
8 years$22,802$21,051$19,426$17,920$16,526$13,051
9 years$20,064$18,329$16,732$15,264$13,917$10,622
10 years$17,874$16,156$14,587$13,158$11,858$8,738
11 years$16,083$14,383$12,842$11,451$10,198$7,249
12 years$14,592$12,909$11,397$10,044$8,838$6,055
13 years$13,332$11,666$10,183$8,867$7,707$5,085
14 years$12,252$10,604$9,149$7,872$6,756$4,289
15 years$11,317$9,687$8,260$7,020$5,948$3,631
16 years$10,500$8,888$7,489$6,286$5,257$3,083
17 years$9,780$8,185$6,815$5,648$4,661$2,624
18 years$9,140$7,564$6,221$5,090$4,145$2,239
19 years$8,569$7,010$5,695$4,599$3,694$1,913
20 years$8,055$6,514$5,227$4,165$3,300$1,638
21 years$7,591$6,067$4,808$3,780$2,953$1,403
22 years$7,169$5,664$4,431$3,437$2,647$1,204
23 years$6,785$5,297$4,091$3,130$2,376$1,034
24 years$6,433$4,963$3,784$2,855$2,136$889
25 years$6,110$4,658$3,504$2,607$1,922$764
26 years$5,813$4,377$3,250$2,384$1,731$658
27 years$5,537$4,120$3,018$2,182$1,561$566
28 years$5,282$3,882$2,806$1,999$1,408$488
29 years$5,045$3,662$2,611$1,833$1,272$420
30 years$4,824$3,458$2,432$1,683$1,149$362
31 years$4,618$3,269$2,267$1,545$1,039$312
32 years$4,425$3,094$2,115$1,420$940$269
33 years$4,244$2,930$1,975$1,306$850$232
34 years$4,074$2,777$1,845$1,202$770$200
35 years$3,915$2,634$1,725$1,106$697$173
36 years$3,764$2,500$1,614$1,019$632$149
37 years$3,622$2,374$1,511$939$573$129
38 years$3,488$2,256$1,415$865$519$111
39 years$3,361$2,145$1,325$798$471$96
40 years$3,240$2,041$1,242$736$427$83
41 years$3,126$1,943$1,165$679$387$71
42 years$3,017$1,851$1,093$626$352$62
43 years$2,914$1,763$1,025$578$319$53
44 years$2,816$1,681$963$534$290$46
45 years$2,722$1,603$904$493$263$40
46 years$2,633$1,529$849$456$239$34
47 years$2,548$1,459$797$421$217$30
48 years$2,466$1,393$749$389$197$26
49 years$2,388$1,330$704$359$179$22
50 years$2,314$1,271$662$332$162$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,370,000, adding $6,112 every year, while hoping to spend $41,415 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: 47/28/25 Blend
44$2,370,000$2,370,000$2,370,000$2,370,000
45$2,618,045$2,492,435$2,455,700$2,722,118
46$2,841,020$2,570,499$2,493,900$2,873,932
47$3,085,351$2,651,000$2,531,993$3,034,065
48$3,353,171$2,734,014$2,569,929$3,207,065
49$3,646,833$2,819,618$2,607,660$3,394,160
50$3,968,924$2,907,894$2,645,131$3,596,701
51$4,322,298$2,998,924$2,682,286$3,816,175
52$4,710,095$3,092,794$2,719,065$4,054,218
53$5,135,775$3,189,591$2,755,404$4,312,632
54$5,603,150$3,289,407$2,791,236$4,593,401
55$6,116,418$3,392,335$2,826,490$4,898,708
56$6,680,204$3,498,471$2,861,089$5,230,958
57$7,299,604$3,607,916$2,894,954$5,592,799
58$7,980,230$3,720,770$2,928,002$5,987,145
59$8,728,267$3,837,141$2,960,143$6,417,209
60$9,550,526$3,957,136$2,991,283$6,886,526
61$10,454,512$4,080,868$3,021,324$7,398,991
62$11,448,495$4,208,453$3,050,161$7,958,895
63$12,541,584$4,340,010$3,077,684$8,570,961
64$13,743,816$4,475,662$3,103,777$9,240,395
65$15,066,250$4,615,534$3,128,319$9,972,931
66$16,521,071$4,759,758$3,151,180$10,774,884
67$18,121,702$4,908,468$3,172,227$11,653,213
68$19,882,935$5,061,803$3,191,316$12,615,582
69$21,821,067$5,219,904$3,208,298$13,670,436
70$23,954,057$5,382,920$3,223,017$14,827,079
71$26,301,689$5,551,002$3,235,307$16,095,761
72$28,885,767$5,724,306$3,244,994$17,487,775
73$31,730,311$5,902,993$3,251,897$19,015,563
74$34,861,791$6,087,228$3,255,825$20,692,835
75$38,309,375$6,277,184$3,256,576$22,534,696
76$42,105,201$6,473,035$3,253,941$24,557,789
77$46,284,681$6,674,963$3,247,697$26,780,453
78$50,886,838$6,883,156$3,237,614$29,222,894
79$55,954,669$7,097,805$3,223,449$31,907,375
80$61,535,558$7,319,109$3,204,946$34,858,432
81$67,681,712$7,547,273$3,181,840$38,103,096
82$74,450,664$7,782,507$3,153,849$41,671,156
83$81,905,810$8,025,028$3,120,681$45,595,435
84$90,117,008$8,275,059$3,082,029$49,912,101
85$99,161,237$8,532,832$3,037,572$54,661,012
86$109,123,325$8,798,583$2,986,972$59,886,084
87$120,096,747$9,072,556$2,929,878$65,635,714
88$132,184,508$9,355,003$2,865,921$71,963,231
89$145,500,113$9,646,184$2,794,716$78,927,401
90$160,168,643$9,946,366$2,715,857$86,592,983
91$176,327,930$10,255,823$2,628,924$95,031,337
92$194,129,860$10,574,840$2,533,474$104,321,101
93$213,741,806$10,903,707$2,429,045$114,548,930
94$235,348,208$11,242,726$2,315,156$125,810,318
95$259,152,312$11,592,206$2,191,300$138,210,494
96$285,378,089$11,952,466$2,056,951$151,865,421
97$314,272,352$12,323,835$1,911,556$166,902,886
98$346,107,079$12,706,650$1,754,540$183,463,708
99$381,181,985$13,101,260$1,585,301$201,703,071
100$419,827,349$13,508,023$1,403,210$221,791,980