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

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$200,667$198,880$197,136$195,434$193,772$189,627
2 years$99,340$97,490$95,697$93,958$92,272$88,117
3 years$65,569$63,711$61,922$60,200$58,541$54,504
4 years$48,687$46,834$45,064$43,371$41,752$37,865
5 years$38,560$36,719$34,971$33,313$31,739$28,013
6 years$31,811$29,983$28,262$26,641$25,114$21,553
7 years$26,992$25,180$23,486$21,903$20,425$17,029
8 years$23,380$21,584$19,918$18,374$16,944$13,713
9 years$20,571$18,793$17,155$15,650$14,269$11,201
10 years$18,326$16,565$14,956$13,491$12,158$9,249
11 years$16,490$14,747$13,167$11,741$10,457$7,702
12 years$14,962$13,236$11,686$10,298$9,061$6,458
13 years$13,669$11,961$10,440$9,092$7,902$5,445
14 years$12,562$10,873$9,381$8,071$6,927$4,612
15 years$11,604$9,932$8,469$7,198$6,099$3,920
16 years$10,766$9,113$7,679$6,445$5,390$3,343
17 years$10,027$8,392$6,987$5,791$4,779$2,858
18 years$9,372$7,755$6,379$5,218$4,249$2,449
19 years$8,786$7,187$5,839$4,715$3,788$2,102
20 years$8,259$6,679$5,359$4,271$3,383$1,808
21 years$7,783$6,221$4,929$3,876$3,028$1,556
22 years$7,351$5,807$4,543$3,524$2,714$1,341
23 years$6,957$5,431$4,195$3,209$2,436$1,157
24 years$6,596$5,089$3,879$2,927$2,190$999
25 years$6,265$4,775$3,593$2,673$1,970$863
26 years$5,960$4,488$3,332$2,444$1,775$747
27 years$5,677$4,224$3,094$2,237$1,600$646
28 years$5,416$3,980$2,877$2,050$1,444$559
29 years$5,173$3,755$2,677$1,880$1,304$484
30 years$4,946$3,546$2,494$1,725$1,178$419
31 years$4,735$3,352$2,325$1,584$1,065$363
32 years$4,537$3,172$2,169$1,456$963$315
33 years$4,352$3,004$2,025$1,339$872$273
34 years$4,178$2,847$1,892$1,232$789$237
35 years$4,014$2,700$1,769$1,134$715$205
36 years$3,859$2,563$1,655$1,045$648$178
37 years$3,714$2,434$1,549$962$587$154
38 years$3,576$2,313$1,451$887$532$134
39 years$3,446$2,200$1,359$818$483$116
40 years$3,322$2,093$1,274$754$438$101
41 years$3,205$1,992$1,194$696$397$87
42 years$3,094$1,897$1,120$642$360$76
43 years$2,988$1,808$1,051$593$327$66
44 years$2,887$1,723$987$548$297$57
45 years$2,791$1,643$927$506$270$50
46 years$2,700$1,568$870$467$245$43
47 years$2,612$1,496$818$432$222$37
48 years$2,529$1,428$768$399$202$32
49 years$2,449$1,364$722$369$183$28
50 years$2,373$1,303$679$341$166$24

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 $2,131 every year, while hoping to spend $23,114 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: 70/8/22 Blend
44$2,430,000$2,430,000$2,430,000$2,430,000
45$2,680,058$2,551,268$2,513,603$2,852,835
46$2,928,831$2,651,687$2,573,216$3,068,935
47$3,202,204$2,756,252$2,634,051$3,302,487
48$3,502,662$2,865,141$2,696,124$3,557,578
49$3,832,942$2,978,542$2,759,453$3,836,340
50$4,196,061$3,096,649$2,824,054$4,141,120
51$4,595,341$3,219,667$2,889,941$4,474,501
52$5,034,443$3,347,808$2,957,131$4,839,329
53$5,517,400$3,481,294$3,025,639$5,238,738
54$6,048,656$3,620,359$3,095,479$5,676,179
55$6,633,107$3,765,245$3,166,666$6,155,451
56$7,276,148$3,916,206$3,239,214$6,680,742
57$7,983,724$4,073,509$3,313,136$7,256,661
58$8,762,382$4,237,429$3,388,444$7,888,287
59$9,619,339$4,408,257$3,465,152$8,581,214
60$10,562,547$4,586,297$3,543,269$9,341,603
61$11,600,766$4,771,865$3,622,808$10,176,242
62$12,743,649$4,965,292$3,703,778$11,092,607
63$14,001,835$5,166,924$3,786,187$12,098,934
64$15,387,043$5,377,124$3,870,045$13,204,299
65$16,912,188$5,596,270$3,955,359$14,418,696
66$18,591,501$5,824,757$4,042,133$15,753,139
67$20,440,664$6,063,000$4,130,375$17,219,759
68$22,476,956$6,311,431$4,220,086$18,831,923
69$24,719,417$6,570,503$4,311,270$20,604,358
70$27,189,028$6,840,688$4,403,928$22,553,288
71$29,908,908$7,122,481$4,498,060$24,696,590
72$32,904,534$7,416,400$4,593,662$27,053,958
73$36,203,979$7,722,986$4,690,732$29,647,092
74$39,838,177$8,042,805$4,789,264$32,499,904
75$43,841,218$8,376,449$4,889,251$35,638,735
76$48,250,665$8,724,537$4,990,683$39,092,614
77$53,107,910$9,087,718$5,093,549$42,893,522
78$58,458,569$9,466,668$5,197,835$47,076,701
79$64,352,905$9,862,096$5,303,524$51,680,979
80$70,846,307$10,274,745$5,410,598$56,749,143
81$77,999,813$10,705,390$5,519,036$62,328,336
82$85,880,682$11,154,843$5,628,812$68,470,507
83$94,563,035$11,623,952$5,739,900$75,232,895
84$104,128,546$12,113,608$5,852,268$82,678,573
85$114,667,222$12,624,740$5,965,884$90,877,043
86$126,278,247$13,158,320$6,080,709$99,904,888
87$139,070,918$13,715,367$6,196,702$109,846,496
88$153,165,678$14,296,946$6,313,818$120,794,858
89$168,695,253$14,904,173$6,432,008$132,852,439
90$185,805,906$15,538,215$6,551,217$146,132,153
91$204,658,813$16,200,292$6,671,387$160,758,421
92$225,431,589$16,891,683$6,792,456$176,868,348
93$248,319,962$17,613,726$6,914,353$194,613,015
94$273,539,620$18,367,821$7,037,007$214,158,906
95$301,328,251$19,155,434$7,160,336$235,689,478
96$331,947,782$19,978,099$7,284,256$259,406,890
97$365,686,852$20,837,422$7,408,675$285,533,914
98$402,863,539$21,735,085$7,533,495$314,316,035
99$443,828,363$22,672,846$7,658,609$346,023,765
100$488,967,590$23,652,550$7,783,907$380,955,202