Can I retire at age 45 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$197,364$195,606$193,891$192,217$190,582$183,528
2 years$97,705$95,885$94,122$92,412$90,753$83,726
3 years$64,490$62,662$60,903$59,209$57,578$50,799
4 years$47,885$46,063$44,322$42,657$41,065$34,585
5 years$37,925$36,114$34,396$32,765$31,217$25,054
6 years$31,287$29,490$27,797$26,202$24,701$18,858
7 years$26,548$24,766$23,099$21,542$20,088$14,565
8 years$22,995$21,229$19,590$18,071$16,665$11,456
9 years$20,233$18,483$16,873$15,393$14,035$9,133
10 years$18,025$16,292$14,710$13,269$11,958$7,355
11 years$16,219$14,504$12,951$11,548$10,284$5,969
12 years$14,715$13,018$11,493$10,129$8,912$4,875
13 years$13,444$11,764$10,268$8,942$7,772$4,001
14 years$12,355$10,694$9,226$7,938$6,813$3,296
15 years$11,413$9,769$8,330$7,079$5,998$2,724
16 years$10,589$8,963$7,552$6,339$5,301$2,257
17 years$9,862$8,254$6,872$5,695$4,701$1,874
18 years$9,217$7,627$6,274$5,133$4,180$1,559
19 years$8,641$7,069$5,743$4,638$3,725$1,299
20 years$8,123$6,569$5,271$4,200$3,327$1,083
21 years$7,655$6,119$4,848$3,812$2,978$904
22 years$7,230$5,711$4,468$3,466$2,669$755
23 years$6,842$5,342$4,126$3,157$2,396$631
24 years$6,488$5,005$3,816$2,879$2,154$528
25 years$6,162$4,697$3,534$2,629$1,938$442
26 years$5,862$4,414$3,278$2,404$1,746$370
27 years$5,584$4,154$3,044$2,201$1,574$310
28 years$5,327$3,915$2,829$2,016$1,420$260
29 years$5,088$3,693$2,633$1,849$1,282$218
30 years$4,865$3,488$2,453$1,697$1,159$182
31 years$4,657$3,297$2,286$1,558$1,047$153
32 years$4,463$3,120$2,133$1,432$948$128
33 years$4,280$2,954$1,992$1,317$858$107
34 years$4,109$2,800$1,861$1,212$776$90
35 years$3,948$2,656$1,740$1,115$703$76
36 years$3,796$2,521$1,628$1,027$637$63
37 years$3,653$2,394$1,523$947$577$53
38 years$3,517$2,275$1,427$872$524$45
39 years$3,389$2,164$1,337$804$475$37
40 years$3,268$2,058$1,253$742$431$31
41 years$3,152$1,959$1,175$685$391$26
42 years$3,043$1,866$1,102$632$354$22
43 years$2,939$1,778$1,034$583$322$19
44 years$2,840$1,695$971$538$292$16
45 years$2,745$1,616$911$497$265$13
46 years$2,655$1,542$856$459$241$11
47 years$2,569$1,471$804$424$219$9
48 years$2,487$1,405$756$392$198$8
49 years$2,409$1,341$710$362$180$6
50 years$2,333$1,281$668$335$164$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,390,000, adding $2,788 every year, while hoping to spend $59,805 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: 27/46/27 Blend
44$2,390,000$2,390,000$2,390,000$2,390,000
45$2,636,656$2,509,986$2,472,941$2,685,571
46$2,841,963$2,569,343$2,492,152$2,784,593
47$3,066,206$2,629,604$2,510,003$2,885,493
48$3,311,255$2,690,751$2,526,384$2,992,604
49$3,579,167$2,752,761$2,541,181$3,106,496
50$3,872,205$2,815,610$2,554,274$3,227,797
51$4,192,864$2,879,269$2,565,537$3,357,201
52$4,543,890$2,943,707$2,574,836$3,495,472
53$4,928,306$3,008,888$2,582,032$3,643,455
54$5,349,443$3,074,772$2,586,979$3,802,079
55$5,810,966$3,141,316$2,589,523$3,972,372
56$6,316,915$3,208,471$2,589,502$4,155,468
57$6,871,737$3,276,183$2,586,748$4,352,617
58$7,480,332$3,344,394$2,581,081$4,565,198
59$8,148,095$3,413,038$2,572,317$4,794,734
60$8,880,971$3,482,047$2,560,259$5,042,906
61$9,685,505$3,551,343$2,544,704$5,311,568
62$10,568,910$3,620,842$2,525,435$5,602,764
63$11,539,131$3,690,455$2,502,229$5,918,754
64$12,604,918$3,760,083$2,474,849$6,262,027
65$13,775,912$3,829,620$2,443,049$6,635,332
66$15,062,734$3,898,951$2,406,570$7,041,703
67$16,477,085$3,967,951$2,365,143$7,484,485
68$18,031,856$4,036,489$2,318,483$7,967,370
69$19,741,247$4,104,419$2,266,294$8,494,433
70$21,620,906$4,171,587$2,208,266$9,070,167
71$23,688,071$4,237,827$2,144,076$9,699,532
72$25,961,734$4,302,960$2,073,382$10,387,998
73$28,462,821$4,366,796$1,995,831$11,141,600
74$31,214,389$4,429,129$1,911,051$11,966,996
75$34,241,839$4,489,739$1,818,654$12,871,530
76$37,573,163$4,548,392$1,718,235$13,863,304
77$41,239,199$4,604,837$1,609,370$14,951,256
78$45,273,929$4,658,805$1,491,615$16,145,242
79$49,714,793$4,710,010$1,364,507$17,456,137
80$54,603,047$4,758,147$1,227,564$18,895,932
81$59,984,150$4,802,888$1,080,280$20,477,856
82$65,908,191$4,843,887$922,126$22,216,497
83$72,430,362$4,880,773$752,553$24,127,947
84$79,611,480$4,913,151$570,984$26,229,948
85$87,518,558$4,940,603$376,820$28,542,071
86$96,225,439$4,962,681$169,432$31,085,897
87$105,813,492$4,978,911$0$33,885,224
88$116,372,378$4,988,787$0$36,981,245
89$128,000,896$4,991,773$0$40,441,014
90$140,807,917$4,987,300$0$44,247,784
91$154,913,409$4,974,761$0$48,436,956
92$170,449,568$4,953,515$0$53,047,553
93$187,562,067$4,922,881$0$58,122,588
94$206,411,430$4,882,134$0$63,709,472
95$227,174,546$4,830,510$0$69,860,465
96$250,046,339$4,767,193$0$76,633,171
97$275,241,604$4,691,324$0$84,091,081
98$302,997,038$4,601,989$0$92,304,182
99$333,573,471$4,498,222$0$101,349,611
100$367,258,328$4,378,998$0$111,312,392