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%17.6%
1 years$195,712$193,969$192,268$190,608$188,987$183,158
2 years$96,887$95,083$93,334$91,639$89,994$84,172
3 years$63,950$62,138$60,393$58,714$57,096$51,464
4 years$47,484$45,678$43,951$42,300$40,721$35,322
5 years$37,608$35,812$34,108$32,490$30,956$25,804
6 years$31,025$29,243$27,564$25,983$24,494$19,595
7 years$26,326$24,558$22,906$21,362$19,920$15,273
8 years$22,802$21,051$19,426$17,920$16,526$12,127
9 years$20,064$18,329$16,732$15,264$13,917$9,763
10 years$17,874$16,156$14,587$13,158$11,858$7,942
11 years$16,083$14,383$12,842$11,451$10,198$6,513
12 years$14,592$12,909$11,397$10,044$8,838$5,376
13 years$13,332$11,666$10,183$8,867$7,707$4,460
14 years$12,252$10,604$9,149$7,872$6,756$3,715
15 years$11,317$9,687$8,260$7,020$5,948$3,106
16 years$10,500$8,888$7,489$6,286$5,257$2,603
17 years$9,780$8,185$6,815$5,648$4,661$2,187
18 years$9,140$7,564$6,221$5,090$4,145$1,841
19 years$8,569$7,010$5,695$4,599$3,694$1,552
20 years$8,055$6,514$5,227$4,165$3,300$1,311
21 years$7,591$6,067$4,808$3,780$2,953$1,108
22 years$7,169$5,664$4,431$3,437$2,647$937
23 years$6,785$5,297$4,091$3,130$2,376$793
24 years$6,433$4,963$3,784$2,855$2,136$672
25 years$6,110$4,658$3,504$2,607$1,922$570
26 years$5,813$4,377$3,250$2,384$1,731$483
27 years$5,537$4,120$3,018$2,182$1,561$410
28 years$5,282$3,882$2,806$1,999$1,408$348
29 years$5,045$3,662$2,611$1,833$1,272$295
30 years$4,824$3,458$2,432$1,683$1,149$251
31 years$4,618$3,269$2,267$1,545$1,039$213
32 years$4,425$3,094$2,115$1,420$940$181
33 years$4,244$2,930$1,975$1,306$850$154
34 years$4,074$2,777$1,845$1,202$770$131
35 years$3,915$2,634$1,725$1,106$697$111
36 years$3,764$2,500$1,614$1,019$632$94
37 years$3,622$2,374$1,511$939$573$80
38 years$3,488$2,256$1,415$865$519$68
39 years$3,361$2,145$1,325$798$471$58
40 years$3,240$2,041$1,242$736$427$49
41 years$3,126$1,943$1,165$679$387$42
42 years$3,017$1,851$1,093$626$352$36
43 years$2,914$1,763$1,025$578$319$30
44 years$2,816$1,681$963$534$290$26
45 years$2,722$1,603$904$493$263$22
46 years$2,633$1,529$849$456$239$19
47 years$2,548$1,459$797$421$217$16
48 years$2,466$1,393$749$389$197$13
49 years$2,388$1,330$704$359$179$11
50 years$2,314$1,271$662$332$162$10

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 $2,227 every year, while hoping to spend $42,110 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: 62/27/11 Blend
44$2,370,000$2,370,000$2,370,000$2,370,000
45$2,614,037$2,488,427$2,451,692$2,769,348
46$2,835,864$2,565,555$2,489,019$2,950,774
47$3,078,906$2,645,052$2,526,185$3,143,684
48$3,345,283$2,726,987$2,563,141$3,353,207
49$3,637,328$2,811,436$2,599,832$3,580,955
50$3,957,613$2,898,474$2,636,204$3,828,697
51$4,308,969$2,988,179$2,672,197$4,098,385
52$4,694,516$3,080,631$2,707,747$4,392,164
53$5,117,688$3,175,914$2,742,788$4,712,399
54$5,582,271$3,274,112$2,777,250$5,061,692
55$6,092,432$3,375,313$2,811,057$5,442,905
56$6,652,763$3,479,606$2,844,131$5,859,195
57$7,268,324$3,587,086$2,876,388$6,314,034
58$7,944,687$3,697,847$2,907,741$6,811,246
59$8,687,991$3,811,988$2,938,096$7,355,044
60$9,505,000$3,929,609$2,967,357$7,950,067
61$10,403,165$4,050,815$2,995,418$8,601,424
62$11,390,696$4,175,713$3,022,173$9,314,741
63$12,476,637$4,304,413$3,047,505$10,096,216
64$13,670,952$4,437,027$3,071,295$10,952,677
65$14,984,621$4,573,674$3,093,416$11,891,643
66$16,429,741$4,714,472$3,113,733$12,921,398
67$18,019,638$4,859,544$3,132,106$14,051,068
68$19,768,997$5,009,018$3,148,388$15,290,704
69$21,693,999$5,163,025$3,162,424$16,651,381
70$23,812,471$5,321,697$3,174,049$18,145,299
71$26,144,056$5,485,173$3,183,093$19,785,898
72$28,710,398$5,653,595$3,189,375$21,587,988
73$31,535,347$5,827,109$3,192,706$23,567,882
74$34,645,179$6,005,864$3,192,889$25,743,555
75$38,068,850$6,190,015$3,189,714$28,134,810
76$41,838,267$6,379,720$3,182,963$30,763,467
77$45,988,586$6,575,141$3,172,408$33,653,567
78$50,558,546$6,776,448$3,157,808$36,831,599
79$55,590,835$6,983,810$3,138,912$40,326,747
80$61,132,489$7,197,406$3,115,454$44,171,172
81$67,235,341$7,417,417$3,087,160$48,400,306
82$73,956,504$7,644,029$3,053,739$53,053,193
83$81,358,916$7,877,435$3,014,888$58,172,853
84$89,511,928$8,117,832$2,970,289$63,806,691
85$98,491,961$8,365,422$2,919,609$70,006,939
86$108,383,226$8,620,412$2,862,501$76,831,155
87$119,278,520$8,883,018$2,798,600$84,342,761
88$131,280,101$9,153,458$2,727,525$92,611,641
89$144,500,651$9,431,957$2,648,877$101,714,804
90$159,064,342$9,718,747$2,562,239$111,737,107
91$175,108,004$10,014,065$2,467,173$122,772,057
92$192,782,422$10,318,156$2,363,225$134,922,694
93$212,253,753$10,631,269$2,249,917$148,302,558
94$233,705,096$10,953,662$2,126,749$163,036,769
95$257,338,223$11,285,598$1,993,202$179,263,199
96$283,375,477$11,627,347$1,848,730$197,133,780
97$312,061,877$11,979,189$1,692,764$216,815,930
98$343,667,426$12,341,407$1,524,709$238,494,141
99$378,489,661$12,714,293$1,343,944$262,371,715
100$416,856,461$13,098,148$1,149,821$288,672,683