Can I retire at age 45 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$200,667$198,880$197,136$195,434$193,772$188,021
2 years$99,340$97,490$95,697$93,958$92,272$86,526
3 years$65,569$63,711$61,922$60,200$58,541$52,980
4 years$48,687$46,834$45,064$43,371$41,752$36,418
5 years$38,560$36,719$34,971$33,313$31,739$26,647
6 years$31,811$29,983$28,262$26,641$25,114$20,268
7 years$26,992$25,180$23,486$21,903$20,425$15,824
8 years$23,380$21,584$19,918$18,374$16,944$12,587
9 years$20,571$18,793$17,155$15,650$14,269$10,152
10 years$18,326$16,565$14,956$13,491$12,158$8,274
11 years$16,490$14,747$13,167$11,741$10,457$6,798
12 years$14,962$13,236$11,686$10,298$9,061$5,622
13 years$13,669$11,961$10,440$9,092$7,902$4,674
14 years$12,562$10,873$9,381$8,071$6,927$3,902
15 years$11,604$9,932$8,469$7,198$6,099$3,269
16 years$10,766$9,113$7,679$6,445$5,390$2,746
17 years$10,027$8,392$6,987$5,791$4,779$2,312
18 years$9,372$7,755$6,379$5,218$4,249$1,951
19 years$8,786$7,187$5,839$4,715$3,788$1,648
20 years$8,259$6,679$5,359$4,271$3,383$1,395
21 years$7,783$6,221$4,929$3,876$3,028$1,182
22 years$7,351$5,807$4,543$3,524$2,714$1,002
23 years$6,957$5,431$4,195$3,209$2,436$850
24 years$6,596$5,089$3,879$2,927$2,190$722
25 years$6,265$4,775$3,593$2,673$1,970$614
26 years$5,960$4,488$3,332$2,444$1,775$522
27 years$5,677$4,224$3,094$2,237$1,600$444
28 years$5,416$3,980$2,877$2,050$1,444$378
29 years$5,173$3,755$2,677$1,880$1,304$321
30 years$4,946$3,546$2,494$1,725$1,178$273
31 years$4,735$3,352$2,325$1,584$1,065$233
32 years$4,537$3,172$2,169$1,456$963$198
33 years$4,352$3,004$2,025$1,339$872$169
34 years$4,178$2,847$1,892$1,232$789$144
35 years$4,014$2,700$1,769$1,134$715$123
36 years$3,859$2,563$1,655$1,045$648$104
37 years$3,714$2,434$1,549$962$587$89
38 years$3,576$2,313$1,451$887$532$76
39 years$3,446$2,200$1,359$818$483$65
40 years$3,322$2,093$1,274$754$438$55
41 years$3,205$1,992$1,194$696$397$47
42 years$3,094$1,897$1,120$642$360$40
43 years$2,988$1,808$1,051$593$327$34
44 years$2,887$1,723$987$548$297$29
45 years$2,791$1,643$927$506$270$25
46 years$2,700$1,568$870$467$245$21
47 years$2,612$1,496$818$432$222$18
48 years$2,529$1,428$768$399$202$15
49 years$2,449$1,364$722$369$183$13
50 years$2,373$1,303$679$341$166$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,430,000, adding $3,966 every year, while hoping to spend $37,262 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: 42/45/13 Blend
44$2,430,000$2,430,000$2,430,000$2,430,000
45$2,681,951$2,553,161$2,515,496$2,784,220
46$2,915,863$2,638,619$2,560,119$2,941,849
47$3,172,386$2,727,016$2,604,987$3,108,420
48$3,453,786$2,818,457$2,650,071$3,287,974
49$3,762,560$2,913,049$2,695,336$3,481,713
50$4,101,458$3,010,905$2,740,747$3,690,957
51$4,473,510$3,112,143$2,786,265$3,917,161
52$4,882,053$3,216,882$2,831,850$4,161,919
53$5,330,763$3,325,250$2,877,457$4,426,986
54$5,823,690$3,437,376$2,923,041$4,714,294
55$6,365,294$3,553,396$2,968,551$5,025,962
56$6,960,492$3,673,450$3,013,935$5,364,327
57$7,614,696$3,797,684$3,059,136$5,731,954
58$8,333,873$3,926,248$3,104,095$6,131,669
59$9,124,594$4,059,300$3,148,748$6,566,578
60$9,994,099$4,197,002$3,193,028$7,040,101
61$10,950,366$4,339,524$3,236,863$7,556,000
62$12,002,184$4,487,042$3,280,179$8,118,416
63$13,159,236$4,639,736$3,322,894$8,731,907
64$14,432,191$4,797,796$3,364,924$9,401,487
65$15,832,805$4,961,418$3,406,179$10,132,679
66$17,374,031$5,130,807$3,446,565$10,931,562
67$19,070,139$5,306,174$3,485,983$11,804,827
68$20,936,855$5,487,738$3,524,325$12,759,843
69$22,991,505$5,675,728$3,561,481$13,804,721
70$25,253,181$5,870,381$3,597,333$14,948,394
71$27,742,919$6,071,943$3,631,757$16,200,699
72$30,483,898$6,280,670$3,664,622$17,572,467
73$33,501,660$6,496,828$3,695,792$19,075,627
74$36,824,349$6,720,692$3,725,120$20,723,315
75$40,482,976$6,952,549$3,752,455$22,530,001
76$44,511,713$7,192,697$3,777,635$24,511,619
77$48,948,214$7,441,446$3,800,492$26,685,721
78$53,833,972$7,699,117$3,820,849$29,071,640
79$59,214,708$7,966,045$3,838,519$31,690,671
80$65,140,804$8,242,577$3,853,305$34,566,269
81$71,667,777$8,529,074$3,865,002$37,724,274
82$78,856,804$8,825,911$3,873,392$41,193,149
83$86,775,296$9,133,480$3,878,250$45,004,249
84$95,497,541$9,452,185$3,879,336$49,192,115
85$105,105,397$9,782,448$3,876,400$53,794,802
86$115,689,067$10,124,708$3,869,179$58,854,232
87$127,347,954$10,479,421$3,857,399$64,416,590
88$140,191,593$10,847,061$3,840,770$70,532,758
89$154,340,690$11,228,120$3,818,989$77,258,797
90$169,928,254$11,623,113$3,791,740$84,656,469
91$187,100,863$12,032,572$3,758,689$92,793,822
92$206,020,035$12,457,052$3,719,489$101,745,830
93$226,863,761$12,897,130$3,673,775$111,595,097
94$249,828,182$13,353,407$3,621,164$122,432,638
95$275,129,441$13,826,508$3,561,257$134,358,734
96$303,005,719$14,317,082$3,493,635$147,483,877
97$333,719,490$14,825,807$3,417,859$161,929,809
98$367,559,992$15,353,385$3,333,471$177,830,672
99$404,845,960$15,900,550$3,239,991$195,334,273
100$445,928,634$16,468,063$3,136,917$214,603,472