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%16.6%
1 years$195,712$193,969$192,268$190,608$188,987$183,896
2 years$96,887$95,083$93,334$91,639$89,994$84,901
3 years$63,950$62,138$60,393$58,714$57,096$52,161
4 years$47,484$45,678$43,951$42,300$40,721$35,982
5 years$37,608$35,812$34,108$32,490$30,956$26,425
6 years$31,025$29,243$27,564$25,983$24,494$20,176
7 years$26,326$24,558$22,906$21,362$19,920$15,816
8 years$22,802$21,051$19,426$17,920$16,526$12,632
9 years$20,064$18,329$16,732$15,264$13,917$10,231
10 years$17,874$16,156$14,587$13,158$11,858$8,375
11 years$16,083$14,383$12,842$11,451$10,198$6,913
12 years$14,592$12,909$11,397$10,044$8,838$5,743
13 years$13,332$11,666$10,183$8,867$7,707$4,797
14 years$12,252$10,604$9,149$7,872$6,756$4,024
15 years$11,317$9,687$8,260$7,020$5,948$3,388
16 years$10,500$8,888$7,489$6,286$5,257$2,860
17 years$9,780$8,185$6,815$5,648$4,661$2,421
18 years$9,140$7,564$6,221$5,090$4,145$2,053
19 years$8,569$7,010$5,695$4,599$3,694$1,744
20 years$8,055$6,514$5,227$4,165$3,300$1,484
21 years$7,591$6,067$4,808$3,780$2,953$1,264
22 years$7,169$5,664$4,431$3,437$2,647$1,077
23 years$6,785$5,297$4,091$3,130$2,376$919
24 years$6,433$4,963$3,784$2,855$2,136$785
25 years$6,110$4,658$3,504$2,607$1,922$671
26 years$5,813$4,377$3,250$2,384$1,731$574
27 years$5,537$4,120$3,018$2,182$1,561$491
28 years$5,282$3,882$2,806$1,999$1,408$420
29 years$5,045$3,662$2,611$1,833$1,272$359
30 years$4,824$3,458$2,432$1,683$1,149$308
31 years$4,618$3,269$2,267$1,545$1,039$263
32 years$4,425$3,094$2,115$1,420$940$226
33 years$4,244$2,930$1,975$1,306$850$193
34 years$4,074$2,777$1,845$1,202$770$166
35 years$3,915$2,634$1,725$1,106$697$142
36 years$3,764$2,500$1,614$1,019$632$122
37 years$3,622$2,374$1,511$939$573$104
38 years$3,488$2,256$1,415$865$519$89
39 years$3,361$2,145$1,325$798$471$77
40 years$3,240$2,041$1,242$736$427$66
41 years$3,126$1,943$1,165$679$387$56
42 years$3,017$1,851$1,093$626$352$48
43 years$2,914$1,763$1,025$578$319$41
44 years$2,816$1,681$963$534$290$36
45 years$2,722$1,603$904$493$263$30
46 years$2,633$1,529$849$456$239$26
47 years$2,548$1,459$797$421$217$22
48 years$2,466$1,393$749$389$197$19
49 years$2,388$1,330$704$359$179$16
50 years$2,314$1,271$662$332$162$14

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 $4,313 every year, while hoping to spend $23,467 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: 49/36/15 Blend
44$2,370,000$2,370,000$2,370,000$2,370,000
45$2,616,189$2,490,579$2,453,844$2,733,316
46$2,858,071$2,587,649$2,511,079$2,911,595
47$3,123,839$2,688,688$2,569,445$3,102,366
48$3,415,905$2,793,867$2,628,955$3,309,080
49$3,736,924$2,903,363$2,689,621$3,533,239
50$4,089,823$3,017,362$2,751,457$3,776,497
51$4,477,828$3,136,055$2,814,474$4,040,670
52$4,904,491$3,259,647$2,878,683$4,327,753
53$5,373,727$3,388,347$2,944,097$4,639,942
54$5,889,847$3,522,376$3,010,724$4,979,651
55$6,457,603$3,661,964$3,078,575$5,349,535
56$7,082,231$3,807,353$3,147,660$5,752,511
57$7,769,498$3,958,793$3,217,986$6,191,792
58$8,525,760$4,116,547$3,289,562$6,670,909
59$9,358,020$4,280,890$3,362,395$7,193,749
60$10,273,994$4,452,109$3,436,490$7,764,587
61$11,282,182$4,630,503$3,511,854$8,388,129
62$12,391,953$4,816,387$3,588,489$9,069,552
63$13,613,629$5,010,086$3,666,401$9,814,553
64$14,958,584$5,211,945$3,745,589$10,629,405
65$16,439,349$5,422,320$3,826,056$11,521,009
66$18,069,735$5,641,586$3,907,801$12,496,963
67$19,864,957$5,870,133$3,990,822$13,565,632
68$21,841,783$6,108,370$4,075,115$14,736,224
69$24,018,690$6,356,725$4,160,676$16,018,876
70$26,416,036$6,615,644$4,247,499$17,424,750
71$29,056,256$6,885,595$4,335,574$18,966,134
72$31,964,070$7,167,065$4,424,892$20,656,561
73$35,166,720$7,460,566$4,515,441$22,510,931
74$38,694,223$7,766,632$4,607,205$24,545,652
75$42,579,657$8,085,820$4,700,170$26,778,795
76$46,859,472$8,418,715$4,794,316$29,230,259
77$51,573,834$8,765,928$4,889,621$31,921,961
78$56,767,004$9,128,096$4,986,062$34,878,039
79$62,487,755$9,505,890$5,083,612$38,125,077
80$68,789,834$9,900,006$5,182,240$41,692,356
81$75,732,467$10,311,177$5,281,916$45,612,130
82$83,380,920$10,740,166$5,382,601$49,919,923
83$91,807,113$11,187,774$5,484,258$54,654,867
84$101,090,300$11,654,836$5,586,842$59,860,067
85$111,317,817$12,142,229$5,690,307$65,583,006
86$122,585,903$12,650,867$5,794,601$71,875,989
87$135,000,615$13,181,710$5,899,670$78,796,638
88$148,678,823$13,735,758$6,005,454$86,408,431
89$163,749,314$14,314,062$6,111,888$94,781,295
90$180,354,011$14,917,717$6,218,903$103,992,271
91$198,649,308$15,547,874$6,326,425$114,126,230
92$218,807,550$16,205,732$6,434,373$125,276,676
93$241,018,657$16,892,550$6,542,661$137,546,625
94$265,491,919$17,609,643$6,651,198$151,049,571
95$292,457,967$18,358,389$6,759,887$165,910,557
96$322,170,958$19,140,228$6,868,621$182,267,349
97$354,910,965$19,956,669$6,977,289$200,271,735
98$390,986,628$20,809,290$7,085,773$220,090,951
99$430,738,064$21,699,744$7,193,946$241,909,258
100$474,540,076$22,629,761$7,301,672$265,929,676