Can I retire at age 45 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$189,932$188,240$186,589$184,978$183,405$181,565
2 years$94,026$92,275$90,577$88,932$87,336$85,483
3 years$62,061$60,302$58,610$56,980$55,409$53,601
4 years$46,082$44,329$42,653$41,051$39,518$37,768
5 years$36,497$34,754$33,100$31,531$30,041$28,354
6 years$30,109$28,379$26,750$25,215$23,771$22,149
7 years$25,548$23,833$22,229$20,731$19,332$17,776
8 years$22,129$20,429$18,852$17,391$16,038$14,548
9 years$19,471$17,787$16,237$14,813$13,506$12,082
10 years$17,346$15,679$14,156$12,769$11,508$10,148
11 years$15,608$13,958$12,463$11,113$9,897$8,601
12 years$14,161$12,528$11,060$9,747$8,577$7,343
13 years$12,938$11,321$9,882$8,606$7,479$6,306
14 years$11,890$10,291$8,879$7,639$6,556$5,442
15 years$10,983$9,401$8,016$6,813$5,772$4,716
16 years$10,190$8,625$7,268$6,100$5,102$4,101
17 years$9,491$7,943$6,614$5,481$4,524$3,576
18 years$8,870$7,340$6,037$4,939$4,022$3,127
19 years$8,316$6,803$5,527$4,463$3,585$2,740
20 years$7,817$6,321$5,072$4,042$3,202$2,406
21 years$7,366$5,888$4,666$3,669$2,866$2,115
22 years$6,957$5,496$4,300$3,336$2,569$1,863
23 years$6,585$5,141$3,970$3,038$2,306$1,642
24 years$6,243$4,816$3,672$2,771$2,072$1,449
25 years$5,930$4,520$3,401$2,530$1,865$1,280
26 years$5,641$4,248$3,154$2,314$1,680$1,132
27 years$5,374$3,998$2,929$2,118$1,514$1,002
28 years$5,126$3,767$2,723$1,940$1,367$887
29 years$4,896$3,554$2,534$1,779$1,234$785
30 years$4,682$3,356$2,360$1,633$1,115$696
31 years$4,482$3,173$2,200$1,500$1,008$617
32 years$4,294$3,002$2,053$1,378$912$547
33 years$4,119$2,843$1,917$1,267$825$486
34 years$3,954$2,695$1,791$1,166$747$431
35 years$3,799$2,556$1,674$1,073$677$383
36 years$3,653$2,426$1,566$989$613$340
37 years$3,515$2,304$1,466$911$556$302
38 years$3,385$2,190$1,373$840$504$268
39 years$3,261$2,082$1,286$774$457$238
40 years$3,144$1,981$1,206$714$414$212
41 years$3,034$1,886$1,131$659$376$188
42 years$2,928$1,796$1,060$608$341$167
43 years$2,828$1,711$995$561$310$149
44 years$2,733$1,631$934$518$281$132
45 years$2,642$1,555$877$479$255$118
46 years$2,555$1,484$824$442$232$105
47 years$2,473$1,416$774$408$210$93
48 years$2,393$1,352$727$377$191$83
49 years$2,318$1,291$684$349$173$74
50 years$2,246$1,233$643$322$158$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,300,000, adding $3,611 every year, while hoping to spend $57,226 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: 62/30/8 Blend
44$2,300,000$2,300,000$2,300,000$2,300,000
45$2,538,325$2,416,425$2,380,775$2,691,276
46$2,736,346$2,473,942$2,399,643$2,851,442
47$2,952,647$2,532,359$2,417,225$3,019,219
48$3,189,033$2,591,660$2,433,417$3,200,888
49$3,447,489$2,651,826$2,448,112$3,397,789
50$3,730,203$2,712,836$2,461,193$3,611,402
51$4,039,582$2,774,663$2,472,542$3,843,353
52$4,378,278$2,837,280$2,482,031$4,095,434
53$4,749,212$2,900,656$2,489,528$4,369,621
54$5,155,597$2,964,754$2,494,893$4,668,087
55$5,600,975$3,029,534$2,497,979$4,993,227
56$6,089,247$3,094,954$2,498,634$5,347,680
57$6,624,707$3,160,963$2,496,694$5,734,351
58$7,212,086$3,227,509$2,491,993$6,156,442
59$7,856,595$3,294,533$2,484,351$6,617,482
60$8,563,973$3,361,971$2,473,582$7,121,355
61$9,340,543$3,429,753$2,459,492$7,672,343
62$10,193,269$3,497,801$2,441,876$8,275,165
63$11,129,824$3,566,034$2,420,519$8,935,017
64$12,158,657$3,634,361$2,395,198$9,657,628
65$13,289,079$3,702,684$2,365,676$10,449,308
66$14,531,347$3,770,897$2,331,708$11,317,012
67$15,896,759$3,838,887$2,293,036$12,268,403
68$17,397,765$3,906,529$2,249,389$13,311,925
69$19,048,080$3,973,691$2,200,486$14,456,884
70$20,862,812$4,040,229$2,146,030$15,713,535
71$22,858,609$4,105,991$2,085,712$17,093,177
72$25,053,813$4,170,810$2,019,210$18,608,264
73$27,468,632$4,234,510$1,946,183$20,272,520
74$30,125,331$4,296,900$1,866,279$22,101,068
75$33,048,443$4,357,777$1,779,128$24,110,576
76$36,264,998$4,416,922$1,684,343$26,319,411
77$39,804,779$4,474,101$1,581,519$28,747,815
78$43,700,600$4,529,066$1,470,234$31,418,097
79$47,988,621$4,581,550$1,350,046$34,354,842
80$52,708,683$4,631,269$1,220,495$37,585,142
81$57,904,686$4,677,918$1,081,099$41,138,858
82$63,625,002$4,721,174$931,353$45,048,896
83$69,922,932$4,760,691$770,734$49,351,522
84$76,857,209$4,796,103$598,691$54,086,705
85$84,492,549$4,827,017$414,653$59,298,490
86$92,900,266$4,853,018$218,020$65,035,420
87$102,158,938$4,873,660$8,168$71,350,996
88$112,355,154$4,888,474$0$78,304,174
89$123,584,328$4,896,957$0$85,978,353
90$135,951,599$4,898,579$0$94,428,663
91$149,572,826$4,892,772$0$103,733,386
92$164,575,673$4,878,937$0$113,979,562
93$181,100,823$4,856,436$0$125,263,108
94$199,303,299$4,824,593$0$137,689,730
95$219,353,928$4,782,692$0$151,375,917
96$241,440,955$4,729,970$0$166,450,048
97$265,771,816$4,665,622$0$183,053,597
98$292,575,097$4,588,793$0$201,342,473
99$322,102,691$4,498,578$0$221,488,496
100$354,632,175$4,394,018$0$243,681,015