Can I retire at age 45 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$190,758$189,058$187,401$185,783$184,203$179,677
2 years$94,434$92,676$90,971$89,319$87,716$83,184
3 years$62,331$60,565$58,864$57,227$55,650$51,254
4 years$46,282$44,521$42,838$41,229$39,690$35,464
5 years$36,656$34,905$33,244$31,668$30,172$26,127
6 years$30,240$28,503$26,866$25,325$23,874$20,014
7 years$25,659$23,937$22,326$20,821$19,416$15,742
8 years$22,225$20,518$18,934$17,466$16,107$12,618
9 years$19,556$17,865$16,308$14,877$13,565$10,256
10 years$17,421$15,747$14,218$12,824$11,558$8,427
11 years$15,676$14,019$12,517$11,161$9,940$6,982
12 years$14,223$12,582$11,109$9,790$8,614$5,824
13 years$12,994$11,371$9,925$8,643$7,512$4,884
14 years$11,942$10,336$8,917$7,672$6,585$4,114
15 years$11,031$9,442$8,051$6,842$5,798$3,478
16 years$10,234$8,663$7,300$6,127$5,124$2,949
17 years$9,532$7,978$6,642$5,505$4,543$2,507
18 years$8,909$7,372$6,064$4,961$4,040$2,135
19 years$8,352$6,832$5,551$4,482$3,601$1,822
20 years$7,851$6,349$5,094$4,060$3,216$1,557
21 years$7,398$5,914$4,686$3,684$2,878$1,333
22 years$6,988$5,520$4,319$3,350$2,580$1,141
23 years$6,613$5,163$3,988$3,051$2,316$979
24 years$6,270$4,837$3,688$2,783$2,081$840
25 years$5,956$4,540$3,416$2,541$1,873$721
26 years$5,665$4,267$3,168$2,324$1,687$619
27 years$5,397$4,015$2,942$2,127$1,521$532
28 years$5,148$3,784$2,735$1,949$1,372$458
29 years$4,917$3,569$2,545$1,787$1,239$394
30 years$4,702$3,371$2,370$1,640$1,120$339
31 years$4,501$3,187$2,210$1,506$1,012$292
32 years$4,313$3,015$2,062$1,384$916$251
33 years$4,137$2,855$1,925$1,273$829$216
34 years$3,971$2,706$1,799$1,171$750$186
35 years$3,816$2,567$1,682$1,078$680$160
36 years$3,669$2,436$1,573$993$616$138
37 years$3,530$2,314$1,472$915$558$119
38 years$3,399$2,199$1,379$843$506$103
39 years$3,276$2,091$1,292$778$459$88
40 years$3,158$1,990$1,211$717$416$76
41 years$3,047$1,894$1,135$662$378$66
42 years$2,941$1,804$1,065$611$343$57
43 years$2,840$1,719$999$564$311$49
44 years$2,745$1,638$938$520$282$42
45 years$2,653$1,562$881$481$256$36
46 years$2,566$1,490$827$444$233$31
47 years$2,483$1,422$777$410$211$27
48 years$2,404$1,358$730$379$192$23
49 years$2,328$1,296$687$350$174$20
50 years$2,255$1,238$645$324$158$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,310,000, adding $5,192 every year, while hoping to spend $32,670 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: 33/49/18 Blend
44$2,310,000$2,310,000$2,310,000$2,310,000
45$2,550,976$2,428,546$2,392,741$2,620,765
46$2,776,414$2,512,784$2,438,137$2,757,048
47$3,023,753$2,600,054$2,483,959$2,900,447
48$3,295,191$2,690,472$2,530,186$3,054,305
49$3,593,150$2,784,155$2,576,797$3,219,560
50$3,920,300$2,881,227$2,623,768$3,397,242
51$4,279,579$2,981,816$2,671,073$3,588,480
52$4,674,226$3,086,055$2,718,684$3,794,516
53$5,107,808$3,194,082$2,766,571$4,016,712
54$5,584,255$3,306,043$2,814,702$4,256,566
55$6,107,897$3,422,087$2,863,042$4,515,723
56$6,683,502$3,542,369$2,911,554$4,795,991
57$7,316,326$3,667,051$2,960,197$5,099,356
58$8,012,158$3,796,304$3,008,931$5,428,003
59$8,777,376$3,930,300$3,057,708$5,784,333
60$9,619,007$4,069,224$3,106,480$6,170,987
61$10,544,795$4,213,265$3,155,196$6,590,868
62$11,563,269$4,362,621$3,203,801$7,047,169
63$12,683,830$4,517,496$3,252,235$7,543,404
64$13,916,832$4,678,105$3,300,436$8,083,438
65$15,273,687$4,844,670$3,348,339$8,671,521
66$16,766,968$5,017,423$3,395,873$9,312,333
67$18,410,527$5,196,605$3,442,963$10,011,021
68$20,219,629$5,382,467$3,489,530$10,773,250
69$22,211,093$5,575,270$3,535,491$11,605,257
70$24,403,451$5,775,286$3,580,758$12,513,903
71$26,817,126$5,982,797$3,625,235$13,506,744
72$29,474,617$6,198,099$3,668,826$14,592,095
73$32,400,721$6,421,498$3,711,424$15,779,112
74$35,622,757$6,653,314$3,752,919$17,077,874
75$39,170,831$6,893,880$3,793,195$18,499,479
76$43,078,118$7,143,541$3,832,129$20,056,145
77$47,381,171$7,402,660$3,869,590$21,761,329
78$52,120,272$7,671,612$3,905,443$23,629,847
79$57,339,808$7,950,789$3,939,543$25,678,014
80$63,088,688$8,240,598$3,971,738$27,923,801
81$69,420,812$8,541,465$4,001,869$30,386,995
82$76,395,570$8,853,832$4,029,767$33,089,391
83$84,078,410$9,178,161$4,055,255$36,054,996
84$92,541,449$9,514,932$4,078,148$39,310,247
85$101,864,160$9,864,647$4,098,249$42,884,267
86$112,134,118$10,227,828$4,115,354$46,809,134
87$123,447,825$10,605,019$4,129,245$51,120,182
88$135,911,625$10,996,787$4,139,697$55,856,334
89$149,642,705$11,403,724$4,146,471$61,060,465
90$164,770,200$11,826,445$4,149,317$66,779,806
91$181,436,413$12,265,594$4,147,972$73,066,391
92$199,798,160$12,721,840$4,142,161$79,977,540
93$220,028,244$13,195,882$4,131,596$87,576,399
94$242,317,093$13,688,448$4,115,972$95,932,539
95$266,874,552$14,200,298$4,094,973$105,122,604
96$293,931,868$14,732,224$4,068,266$115,231,033
97$323,743,867$15,285,052$4,035,502$126,350,857
98$356,591,365$15,859,643$3,996,315$138,584,573
99$392,783,815$16,456,896$3,950,322$152,045,108
100$432,662,229$17,077,749$3,897,122$166,856,880