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

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$195,712$193,969$192,268$190,608$188,987$185,551
2 years$96,887$95,083$93,334$91,639$89,994$86,544
3 years$63,950$62,138$60,393$58,714$57,096$53,740
4 years$47,484$45,678$43,951$42,300$40,721$37,486
5 years$37,608$35,812$34,108$32,490$30,956$27,849
6 years$31,025$29,243$27,564$25,983$24,494$21,520
7 years$26,326$24,558$22,906$21,362$19,920$17,080
8 years$22,802$21,051$19,426$17,920$16,526$13,818
9 years$20,064$18,329$16,732$15,264$13,917$11,341
10 years$17,874$16,156$14,587$13,158$11,858$9,410
11 years$16,083$14,383$12,842$11,451$10,198$7,877
12 years$14,592$12,909$11,397$10,044$8,838$6,639
13 years$13,332$11,666$10,183$8,867$7,707$5,627
14 years$12,252$10,604$9,149$7,872$6,756$4,792
15 years$11,317$9,687$8,260$7,020$5,948$4,096
16 years$10,500$8,888$7,489$6,286$5,257$3,513
17 years$9,780$8,185$6,815$5,648$4,661$3,021
18 years$9,140$7,564$6,221$5,090$4,145$2,603
19 years$8,569$7,010$5,695$4,599$3,694$2,248
20 years$8,055$6,514$5,227$4,165$3,300$1,945
21 years$7,591$6,067$4,808$3,780$2,953$1,684
22 years$7,169$5,664$4,431$3,437$2,647$1,461
23 years$6,785$5,297$4,091$3,130$2,376$1,268
24 years$6,433$4,963$3,784$2,855$2,136$1,102
25 years$6,110$4,658$3,504$2,607$1,922$958
26 years$5,813$4,377$3,250$2,384$1,731$834
27 years$5,537$4,120$3,018$2,182$1,561$726
28 years$5,282$3,882$2,806$1,999$1,408$632
29 years$5,045$3,662$2,611$1,833$1,272$551
30 years$4,824$3,458$2,432$1,683$1,149$481
31 years$4,618$3,269$2,267$1,545$1,039$419
32 years$4,425$3,094$2,115$1,420$940$366
33 years$4,244$2,930$1,975$1,306$850$319
34 years$4,074$2,777$1,845$1,202$770$279
35 years$3,915$2,634$1,725$1,106$697$243
36 years$3,764$2,500$1,614$1,019$632$212
37 years$3,622$2,374$1,511$939$573$185
38 years$3,488$2,256$1,415$865$519$162
39 years$3,361$2,145$1,325$798$471$141
40 years$3,240$2,041$1,242$736$427$124
41 years$3,126$1,943$1,165$679$387$108
42 years$3,017$1,851$1,093$626$352$94
43 years$2,914$1,763$1,025$578$319$82
44 years$2,816$1,681$963$534$290$72
45 years$2,722$1,603$904$493$263$63
46 years$2,633$1,529$849$456$239$55
47 years$2,548$1,459$797$421$217$48
48 years$2,466$1,393$749$389$197$42
49 years$2,388$1,330$704$359$179$37
50 years$2,314$1,271$662$332$162$32

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 $6,117 every year, while hoping to spend $44,961 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: 65/21/14 Blend
44$2,370,000$2,370,000$2,370,000$2,370,000
45$2,618,050$2,492,440$2,455,705$2,779,172
46$2,837,253$2,566,731$2,490,133$2,961,935
47$3,077,307$2,643,156$2,524,207$3,155,774
48$3,340,293$2,721,771$2,557,869$3,366,466
49$3,628,500$2,802,635$2,591,054$3,595,654
50$3,944,451$2,885,808$2,623,698$3,845,149
51$4,290,922$2,971,350$2,655,729$4,116,944
52$4,670,974$3,059,324$2,687,074$4,413,233
53$5,087,976$3,149,793$2,717,654$4,736,434
54$5,545,640$3,242,823$2,747,386$5,089,206
55$6,048,055$3,338,481$2,776,182$5,474,482
56$6,599,723$3,436,834$2,803,952$5,895,488
57$7,205,607$3,537,951$2,830,596$6,355,780
58$7,871,172$3,641,903$2,856,014$6,859,273
59$8,602,438$3,748,763$2,880,097$7,410,282
60$9,406,038$3,858,603$2,902,731$8,013,555
61$10,289,279$3,971,500$2,923,797$8,674,328
62$11,260,210$4,087,528$2,943,170$9,398,364
63$12,327,702$4,206,768$2,960,717$10,192,016
64$13,501,525$4,329,297$2,976,298$11,062,279
65$14,792,444$4,455,196$2,989,768$12,016,862
66$16,212,321$4,584,548$3,000,972$13,064,256
67$17,774,223$4,717,436$3,009,750$14,213,818
68$19,492,549$4,853,945$3,015,932$15,475,856
69$21,383,162$4,994,162$3,019,339$16,861,726
70$23,463,543$5,138,175$3,019,785$18,383,942
71$25,752,951$5,286,072$3,017,075$20,056,291
72$28,272,607$5,437,944$3,011,001$21,893,963
73$31,045,892$5,593,882$3,001,349$23,913,697
74$34,098,571$5,753,980$2,987,892$26,133,935
75$37,459,032$5,918,332$2,970,393$28,574,998
76$41,158,556$6,087,033$2,948,604$31,259,278
77$45,231,610$6,260,179$2,922,264$34,211,449
78$49,716,175$6,437,869$2,891,100$37,458,697
79$54,654,100$6,620,199$2,854,827$41,030,981
80$60,091,500$6,807,271$2,813,146$44,961,310
81$66,079,189$6,999,183$2,765,742$49,286,061
82$72,673,161$7,196,038$2,712,289$54,045,317
83$79,935,115$7,397,936$2,652,443$59,283,246
84$87,933,042$7,604,979$2,585,844$65,048,520
85$96,741,860$7,817,271$2,512,118$71,394,773
86$106,444,126$8,034,914$2,430,871$78,381,106
87$117,130,814$8,258,012$2,341,692$86,072,646
88$128,902,169$8,486,667$2,244,151$94,541,162
89$141,868,659$8,720,982$2,137,799$103,865,739
90$156,152,013$8,961,061$2,022,165$114,133,526
91$171,886,370$9,207,005$1,896,760$125,440,560
92$189,219,548$9,458,916$1,761,069$137,892,670
93$208,314,434$9,716,895$1,614,557$151,606,478
94$229,350,525$9,981,042$1,456,664$166,710,500
95$252,525,620$10,251,454$1,286,803$183,346,355
96$278,057,687$10,528,229$1,104,365$201,670,108
97$306,186,920$10,811,461$908,710$221,853,739
98$337,178,006$11,101,243$699,172$244,086,767
99$371,322,624$11,397,665$475,055$268,578,043
100$408,942,195$11,700,814$235,633$295,557,714