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%12.5%
1 years$197,364$195,606$193,891$192,217$190,582$188,592
2 years$97,705$95,885$94,122$92,412$90,753$88,749
3 years$64,490$62,662$60,903$59,209$57,578$55,622
4 years$47,885$46,063$44,322$42,657$41,065$39,172
5 years$37,925$36,114$34,396$32,765$31,217$29,393
6 years$31,287$29,490$27,797$26,202$24,701$22,948
7 years$26,548$24,766$23,099$21,542$20,088$18,407
8 years$22,995$21,229$19,590$18,071$16,665$15,056
9 years$20,233$18,483$16,873$15,393$14,035$12,496
10 years$18,025$16,292$14,710$13,269$11,958$10,490
11 years$16,219$14,504$12,951$11,548$10,284$8,885
12 years$14,715$13,018$11,493$10,129$8,912$7,580
13 years$13,444$11,764$10,268$8,942$7,772$6,506
14 years$12,355$10,694$9,226$7,938$6,813$5,611
15 years$11,413$9,769$8,330$7,079$5,998$4,859
16 years$10,589$8,963$7,552$6,339$5,301$4,222
17 years$9,862$8,254$6,872$5,695$4,701$3,680
18 years$9,217$7,627$6,274$5,133$4,180$3,215
19 years$8,641$7,069$5,743$4,638$3,725$2,815
20 years$8,123$6,569$5,271$4,200$3,327$2,470
21 years$7,655$6,119$4,848$3,812$2,978$2,170
22 years$7,230$5,711$4,468$3,466$2,669$1,909
23 years$6,842$5,342$4,126$3,157$2,396$1,682
24 years$6,488$5,005$3,816$2,879$2,154$1,483
25 years$6,162$4,697$3,534$2,629$1,938$1,309
26 years$5,862$4,414$3,278$2,404$1,746$1,157
27 years$5,584$4,154$3,044$2,201$1,574$1,023
28 years$5,327$3,915$2,829$2,016$1,420$905
29 years$5,088$3,693$2,633$1,849$1,282$801
30 years$4,865$3,488$2,453$1,697$1,159$709
31 years$4,657$3,297$2,286$1,558$1,047$628
32 years$4,463$3,120$2,133$1,432$948$557
33 years$4,280$2,954$1,992$1,317$858$494
34 years$4,109$2,800$1,861$1,212$776$438
35 years$3,948$2,656$1,740$1,115$703$388
36 years$3,796$2,521$1,628$1,027$637$345
37 years$3,653$2,394$1,523$947$577$306
38 years$3,517$2,275$1,427$872$524$271
39 years$3,389$2,164$1,337$804$475$241
40 years$3,268$2,058$1,253$742$431$214
41 years$3,152$1,959$1,175$685$391$190
42 years$3,043$1,866$1,102$632$354$169
43 years$2,939$1,778$1,034$583$322$150
44 years$2,840$1,695$971$538$292$133
45 years$2,745$1,616$911$497$265$118
46 years$2,655$1,542$856$459$241$105
47 years$2,569$1,471$804$424$219$93
48 years$2,487$1,405$756$392$198$83
49 years$2,409$1,341$710$362$180$74
50 years$2,333$1,281$668$335$164$65

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 $2,522 every year, while hoping to spend $28,336 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: 35/43/22 Blend
44$2,390,000$2,390,000$2,390,000$2,390,000
45$2,636,381$2,509,711$2,472,666$2,710,951
46$2,875,143$2,602,538$2,525,351$2,858,992
47$3,137,309$2,698,963$2,578,852$3,015,830
48$3,425,236$2,799,134$2,633,165$3,184,479
49$3,741,520$2,903,202$2,688,287$3,366,010
50$4,089,024$3,011,328$2,744,213$3,561,597
51$4,470,898$3,123,677$2,800,937$3,772,529
52$4,890,614$3,240,421$2,858,453$4,000,223
53$5,351,997$3,361,742$2,916,752$4,246,231
54$5,859,262$3,487,828$2,975,824$4,512,263
55$6,417,050$3,618,875$3,035,657$4,800,196
56$7,030,477$3,755,088$3,096,240$5,112,091
57$7,705,178$3,896,680$3,157,557$5,450,217
58$8,447,364$4,043,875$3,219,592$5,817,063
59$9,263,874$4,196,904$3,282,327$6,215,370
60$10,162,247$4,356,010$3,345,743$6,648,151
61$11,150,788$4,521,446$3,409,817$7,118,717
62$12,238,648$4,693,477$3,474,526$7,630,712
63$13,435,909$4,872,377$3,539,842$8,188,143
64$14,753,683$5,058,434$3,605,737$8,795,419
65$16,204,209$5,251,948$3,672,181$9,457,389
66$17,800,978$5,453,232$3,739,137$10,179,390
67$19,558,850$5,662,613$3,806,572$10,967,293
68$21,494,204$5,880,433$3,874,443$11,827,560
69$23,625,086$6,107,047$3,942,709$12,767,301
70$25,971,379$6,342,826$4,011,325$13,794,345
71$28,554,995$6,588,160$4,080,239$14,917,306
72$31,400,077$6,843,453$4,149,400$16,145,666
73$34,533,231$7,109,128$4,218,751$17,489,867
74$37,983,773$7,385,627$4,288,231$18,961,399
75$41,784,006$7,673,412$4,357,776$20,572,918
76$45,969,529$7,972,963$4,427,315$22,338,354
77$50,579,567$8,284,784$4,496,776$24,273,046
78$55,657,345$8,609,401$4,566,081$26,393,887
79$61,250,494$8,947,361$4,635,144$28,719,476
80$67,411,502$9,299,239$4,703,879$31,270,296
81$74,198,206$9,665,633$4,772,190$34,068,904
82$81,674,342$10,047,168$4,839,977$37,140,142
83$89,910,144$10,444,498$4,907,135$40,511,370
84$98,983,005$10,858,305$4,973,551$44,212,721
85$108,978,212$11,289,303$5,039,105$48,277,386
86$119,989,747$11,738,236$5,103,673$52,741,920
87$132,121,174$12,205,883$5,167,119$57,646,589
88$145,486,621$12,693,058$5,229,304$63,035,748
89$160,211,849$13,200,610$5,290,078$68,958,252
90$176,435,446$13,729,429$5,349,285$75,467,921
91$194,310,133$14,280,442$5,406,757$82,624,039
92$214,004,203$14,854,621$5,462,321$90,491,916
93$235,703,114$15,452,979$5,515,790$99,143,499
94$259,611,233$16,076,577$5,566,971$108,658,045
95$285,953,773$16,726,523$5,615,658$119,122,874
96$314,978,910$17,403,975$5,661,635$130,634,180
97$346,960,134$18,110,145$5,704,675$143,297,943
98$382,198,824$18,846,298$5,744,538$157,230,923
99$421,027,097$19,613,759$5,780,972$172,561,756
100$463,810,939$20,413,911$5,813,713$189,432,167