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

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$197,364$195,606$193,891$192,217$190,582$188,122
2 years$97,705$95,885$94,122$92,412$90,753$88,279
3 years$64,490$62,662$60,903$59,209$57,578$55,165
4 years$47,885$46,063$44,322$42,657$41,065$38,733
5 years$37,925$36,114$34,396$32,765$31,217$28,972
6 years$31,287$29,490$27,797$26,202$24,701$22,547
7 years$26,548$24,766$23,099$21,542$20,088$18,025
8 years$22,995$21,229$19,590$18,071$16,665$14,692
9 years$20,233$18,483$16,873$15,393$14,035$12,152
10 years$18,025$16,292$14,710$13,269$11,958$10,164
11 years$16,219$14,504$12,951$11,548$10,284$8,577
12 years$14,715$13,018$11,493$10,129$8,912$7,289
13 years$13,444$11,764$10,268$8,942$7,772$6,232
14 years$12,355$10,694$9,226$7,938$6,813$5,353
15 years$11,413$9,769$8,330$7,079$5,998$4,617
16 years$10,589$8,963$7,552$6,339$5,301$3,995
17 years$9,862$8,254$6,872$5,695$4,701$3,468
18 years$9,217$7,627$6,274$5,133$4,180$3,017
19 years$8,641$7,069$5,743$4,638$3,725$2,630
20 years$8,123$6,569$5,271$4,200$3,327$2,297
21 years$7,655$6,119$4,848$3,812$2,978$2,009
22 years$7,230$5,711$4,468$3,466$2,669$1,760
23 years$6,842$5,342$4,126$3,157$2,396$1,543
24 years$6,488$5,005$3,816$2,879$2,154$1,355
25 years$6,162$4,697$3,534$2,629$1,938$1,190
26 years$5,862$4,414$3,278$2,404$1,746$1,047
27 years$5,584$4,154$3,044$2,201$1,574$921
28 years$5,327$3,915$2,829$2,016$1,420$811
29 years$5,088$3,693$2,633$1,849$1,282$714
30 years$4,865$3,488$2,453$1,697$1,159$629
31 years$4,657$3,297$2,286$1,558$1,047$555
32 years$4,463$3,120$2,133$1,432$948$489
33 years$4,280$2,954$1,992$1,317$858$432
34 years$4,109$2,800$1,861$1,212$776$381
35 years$3,948$2,656$1,740$1,115$703$336
36 years$3,796$2,521$1,628$1,027$637$297
37 years$3,653$2,394$1,523$947$577$262
38 years$3,517$2,275$1,427$872$524$231
39 years$3,389$2,164$1,337$804$475$204
40 years$3,268$2,058$1,253$742$431$180
41 years$3,152$1,959$1,175$685$391$159
42 years$3,043$1,866$1,102$632$354$141
43 years$2,939$1,778$1,034$583$322$124
44 years$2,840$1,695$971$538$292$110
45 years$2,745$1,616$911$497$265$97
46 years$2,655$1,542$856$459$241$86
47 years$2,569$1,471$804$424$219$76
48 years$2,487$1,405$756$392$198$67
49 years$2,409$1,341$710$362$180$59
50 years$2,333$1,281$668$335$164$52

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 $2,127 every year, while hoping to spend $22,188 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: 49/44/7 Blend
44$2,390,000$2,390,000$2,390,000$2,390,000
45$2,635,974$2,509,304$2,472,259$2,760,261
46$2,881,235$2,608,652$2,531,472$2,944,743
47$3,150,770$2,712,124$2,591,925$3,142,473
48$3,447,030$2,819,900$2,653,636$3,356,713
49$3,772,717$2,932,165$2,716,622$3,589,010
50$4,130,808$3,049,115$2,780,903$3,841,063
51$4,524,583$3,170,954$2,846,496$4,114,737
52$4,957,654$3,297,895$2,913,417$4,412,083
53$5,434,003$3,430,160$2,981,685$4,735,355
54$5,958,015$3,567,982$3,051,315$5,087,030
55$6,534,524$3,711,604$3,122,325$5,469,830
56$7,168,853$3,861,280$3,194,731$5,886,751
57$7,866,870$4,017,277$3,268,548$6,341,083
58$8,635,039$4,179,871$3,343,793$6,836,447
59$9,480,482$4,349,354$3,420,479$7,376,823
60$10,411,047$4,526,028$3,498,621$7,966,591
61$11,435,382$4,710,212$3,578,233$8,610,567
62$12,563,015$4,902,236$3,659,327$9,314,052
63$13,804,444$5,102,448$3,741,917$10,082,874
64$15,171,240$5,311,210$3,826,014$10,923,450
65$16,676,150$5,528,902$3,911,628$11,842,839
66$18,333,219$5,755,921$3,998,770$12,848,809
67$20,157,927$5,992,681$4,087,448$13,949,911
68$22,167,329$6,239,615$4,177,671$15,155,556
69$24,380,219$6,497,178$4,269,445$16,476,101
70$26,817,305$6,765,845$4,362,776$17,922,949
71$29,501,409$7,046,110$4,457,668$19,508,651
72$32,457,678$7,338,494$4,554,124$21,247,027
73$35,713,819$7,643,538$4,652,146$23,153,289
74$39,300,369$7,961,812$4,751,733$25,244,188
75$43,250,976$8,293,910$4,852,885$27,538,168
76$47,602,715$8,640,452$4,955,597$30,055,536
77$52,396,447$9,002,089$5,059,864$32,818,656
78$57,677,195$9,379,501$5,165,680$35,852,151
79$63,494,572$9,773,400$5,273,034$39,183,141
80$69,903,253$10,184,531$5,381,914$42,841,492
81$76,963,484$10,613,672$5,492,308$46,860,094
82$84,741,657$11,061,640$5,604,198$51,275,174
83$93,310,933$11,529,287$5,717,565$56,126,628
84$102,751,932$12,017,506$5,832,387$61,458,400
85$113,153,496$12,527,231$5,948,640$67,318,894
86$124,613,527$13,059,439$6,066,293$73,761,424
87$137,239,910$13,615,155$6,185,318$80,844,715
88$151,151,532$14,195,449$6,305,677$88,633,457
89$166,479,404$14,801,441$6,427,332$97,198,906
90$183,367,896$15,434,305$6,550,241$106,619,559
91$201,976,104$16,095,269$6,674,357$116,981,888
92$222,479,347$16,785,617$6,799,628$128,381,151
93$245,070,824$17,506,695$6,925,999$140,922,288
94$269,963,436$18,259,912$7,053,408$154,720,909
95$297,391,800$19,046,741$7,181,791$169,904,377
96$327,614,457$19,868,725$7,311,075$186,613,007
97$360,916,320$20,727,481$7,441,184$205,001,386
98$397,611,356$21,624,699$7,572,035$225,239,825
99$438,045,555$22,562,150$7,703,539$247,515,963
100$482,600,195$23,541,688$7,835,600$272,036,531