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%19.4%
1 years$197,364$195,606$193,891$192,217$190,582$183,383
2 years$97,705$95,885$94,122$92,412$90,753$83,584
3 years$64,490$62,662$60,903$59,209$57,578$50,663
4 years$47,885$46,063$44,322$42,657$41,065$34,458
5 years$37,925$36,114$34,396$32,765$31,217$24,935
6 years$31,287$29,490$27,797$26,202$24,701$18,749
7 years$26,548$24,766$23,099$21,542$20,088$14,464
8 years$22,995$21,229$19,590$18,071$16,665$11,363
9 years$20,233$18,483$16,873$15,393$14,035$9,047
10 years$18,025$16,292$14,710$13,269$11,958$7,277
11 years$16,219$14,504$12,951$11,548$10,284$5,898
12 years$14,715$13,018$11,493$10,129$8,912$4,810
13 years$13,444$11,764$10,268$8,942$7,772$3,942
14 years$12,355$10,694$9,226$7,938$6,813$3,243
15 years$11,413$9,769$8,330$7,079$5,998$2,677
16 years$10,589$8,963$7,552$6,339$5,301$2,215
17 years$9,862$8,254$6,872$5,695$4,701$1,836
18 years$9,217$7,627$6,274$5,133$4,180$1,525
19 years$8,641$7,069$5,743$4,638$3,725$1,269
20 years$8,123$6,569$5,271$4,200$3,327$1,056
21 years$7,655$6,119$4,848$3,812$2,978$880
22 years$7,230$5,711$4,468$3,466$2,669$734
23 years$6,842$5,342$4,126$3,157$2,396$613
24 years$6,488$5,005$3,816$2,879$2,154$512
25 years$6,162$4,697$3,534$2,629$1,938$428
26 years$5,862$4,414$3,278$2,404$1,746$358
27 years$5,584$4,154$3,044$2,201$1,574$299
28 years$5,327$3,915$2,829$2,016$1,420$250
29 years$5,088$3,693$2,633$1,849$1,282$209
30 years$4,865$3,488$2,453$1,697$1,159$175
31 years$4,657$3,297$2,286$1,558$1,047$146
32 years$4,463$3,120$2,133$1,432$948$123
33 years$4,280$2,954$1,992$1,317$858$103
34 years$4,109$2,800$1,861$1,212$776$86
35 years$3,948$2,656$1,740$1,115$703$72
36 years$3,796$2,521$1,628$1,027$637$60
37 years$3,653$2,394$1,523$947$577$50
38 years$3,517$2,275$1,427$872$524$42
39 years$3,389$2,164$1,337$804$475$35
40 years$3,268$2,058$1,253$742$431$30
41 years$3,152$1,959$1,175$685$391$25
42 years$3,043$1,866$1,102$632$354$21
43 years$2,939$1,778$1,034$583$322$17
44 years$2,840$1,695$971$538$292$15
45 years$2,745$1,616$911$497$265$12
46 years$2,655$1,542$856$459$241$10
47 years$2,569$1,471$804$424$219$9
48 years$2,487$1,405$756$392$198$7
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 $3,347 every year, while hoping to spend $40,986 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: 60/10/30 Blend
44$2,390,000$2,390,000$2,390,000$2,390,000
45$2,637,232$2,510,562$2,473,517$2,773,747
46$2,862,621$2,589,971$2,512,771$2,946,859
47$3,109,626$2,671,897$2,551,967$3,131,030
48$3,380,409$2,756,421$2,591,058$3,331,166
49$3,677,349$2,843,625$2,629,998$3,548,835
50$4,003,070$2,933,594$2,668,734$3,785,765
51$4,360,460$3,026,416$2,707,213$4,043,856
52$4,752,699$3,122,182$2,745,377$4,325,206
53$5,183,292$3,220,987$2,783,164$4,632,120
54$5,656,098$3,322,926$2,820,511$4,967,143
55$6,175,371$3,428,100$2,857,349$5,333,074
56$6,745,793$3,536,611$2,893,604$5,732,999
57$7,372,525$3,648,566$2,929,201$6,170,318
58$8,061,251$3,764,075$2,964,058$6,648,775
59$8,818,235$3,883,250$2,998,090$7,172,498
60$9,650,375$4,006,210$3,031,206$7,746,031
61$10,565,273$4,133,074$3,063,311$8,374,386
62$11,571,303$4,263,966$3,094,304$9,063,079
63$12,677,692$4,399,017$3,124,080$9,818,194
64$13,894,605$4,538,357$3,152,525$10,646,430
65$15,233,243$4,682,124$3,179,522$11,555,172
66$16,705,945$4,830,460$3,204,948$12,552,555
67$18,326,309$4,983,510$3,228,671$13,647,544
68$20,109,315$5,141,425$3,250,554$14,850,019
69$22,071,470$5,304,359$3,270,452$16,170,864
70$24,230,961$5,472,474$3,288,214$17,622,075
71$26,607,829$5,645,935$3,303,679$19,216,872
72$29,224,155$5,824,913$3,316,680$20,969,819
73$32,104,269$6,009,585$3,327,039$22,896,968
74$35,274,981$6,200,131$3,334,571$25,016,009
75$38,765,832$6,396,741$3,339,083$27,346,432
76$42,609,374$6,599,608$3,340,368$29,909,718
77$46,841,473$6,808,932$3,338,214$32,729,538
78$51,501,654$7,024,920$3,332,395$35,831,976
79$56,633,468$7,247,786$3,322,675$39,245,778
80$62,284,904$7,477,749$3,308,807$43,002,622
81$68,508,843$7,715,038$3,290,531$47,137,416
82$75,363,556$7,959,887$3,267,575$51,688,630
83$82,913,255$8,212,537$3,239,655$56,698,656
84$91,228,696$8,473,240$3,206,472$62,214,215
85$100,387,848$8,742,254$3,167,713$68,286,788
86$110,476,628$9,019,844$3,123,052$74,973,112
87$121,589,715$9,306,287$3,072,145$82,335,711
88$133,831,437$9,601,867$3,014,633$90,443,486
89$147,316,762$9,906,876$2,950,141$99,372,367
90$162,172,377$10,221,618$2,878,276$109,206,031
91$178,537,887$10,546,406$2,798,627$120,036,691
92$196,567,134$10,881,562$2,710,763$131,965,967
93$216,429,643$11,227,419$2,614,235$145,105,845
94$238,312,226$11,584,323$2,508,571$159,579,737
95$262,420,746$11,952,627$2,393,281$175,523,644
96$288,982,057$12,332,700$2,267,850$193,087,440
97$318,246,144$12,724,920$2,131,741$212,436,291
98$350,488,487$13,129,678$1,984,391$233,752,210
99$386,012,659$13,547,378$1,825,214$257,235,781
100$425,153,188$13,978,437$1,653,597$283,108,048