Can I retire at age 45 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$192,409$190,695$189,023$187,391$185,797$180,939
2 years$95,252$93,478$91,759$90,092$88,475$83,613
3 years$62,871$61,089$59,374$57,723$56,132$51,419
4 years$46,683$44,907$43,209$41,586$40,034$35,506
5 years$36,973$35,208$33,532$31,942$30,433$26,103
6 years$30,502$28,750$27,099$25,544$24,081$19,952
7 years$25,881$24,144$22,519$21,001$19,584$15,658
8 years$22,418$20,696$19,098$17,618$16,247$12,521
9 years$19,725$18,019$16,449$15,006$13,682$10,153
10 years$17,572$15,883$14,341$12,936$11,658$8,322
11 years$15,812$14,140$12,625$11,258$10,026$6,877
12 years$14,346$12,691$11,205$9,875$8,689$5,722
13 years$13,107$11,469$10,011$8,718$7,577$4,785
14 years$12,045$10,425$8,995$7,739$6,642$4,020
15 years$11,126$9,524$8,121$6,902$5,848$3,389
16 years$10,323$8,738$7,363$6,180$5,168$2,865
17 years$9,615$8,047$6,700$5,552$4,583$2,428
18 years$8,986$7,436$6,116$5,004$4,075$2,063
19 years$8,424$6,891$5,599$4,521$3,632$1,755
20 years$7,919$6,404$5,139$4,095$3,244$1,495
21 years$7,463$5,965$4,726$3,716$2,903$1,275
22 years$7,048$5,568$4,356$3,379$2,602$1,089
23 years$6,670$5,208$4,022$3,077$2,336$931
24 years$6,325$4,879$3,720$2,807$2,099$796
25 years$6,007$4,579$3,445$2,563$1,889$681
26 years$5,714$4,303$3,195$2,344$1,702$584
27 years$5,444$4,050$2,967$2,145$1,534$500
28 years$5,193$3,816$2,758$1,966$1,384$428
29 years$4,960$3,600$2,567$1,802$1,250$367
30 years$4,743$3,400$2,391$1,654$1,130$315
31 years$4,540$3,214$2,229$1,519$1,021$270
32 years$4,350$3,041$2,080$1,396$924$232
33 years$4,173$2,880$1,942$1,284$836$199
34 years$4,006$2,730$1,814$1,181$757$171
35 years$3,849$2,589$1,696$1,087$686$147
36 years$3,701$2,457$1,587$1,002$621$126
37 years$3,561$2,334$1,485$923$563$108
38 years$3,429$2,218$1,391$851$510$93
39 years$3,304$2,109$1,303$784$463$80
40 years$3,185$2,007$1,221$723$420$68
41 years$3,073$1,910$1,145$667$381$59
42 years$2,966$1,819$1,074$616$346$50
43 years$2,865$1,733$1,008$569$314$43
44 years$2,768$1,652$946$525$285$37
45 years$2,676$1,576$889$485$258$32
46 years$2,589$1,503$835$448$235$27
47 years$2,505$1,434$784$414$213$24
48 years$2,425$1,369$737$382$194$20
49 years$2,348$1,308$692$353$176$17
50 years$2,275$1,249$651$327$160$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,330,000, adding $3,846 every year, while hoping to spend $21,473 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: 61/29/10 Blend
44$2,330,000$2,330,000$2,330,000$2,330,000
45$2,571,627$2,448,137$2,412,022$2,722,413
46$2,811,086$2,545,249$2,469,978$2,921,053
47$3,074,250$2,646,399$2,529,155$3,134,902
48$3,363,514$2,751,764$2,589,573$3,367,707
49$3,681,518$2,861,525$2,651,249$3,621,302
50$4,031,168$2,975,875$2,714,201$3,897,699
51$4,415,668$3,095,014$2,778,447$4,199,115
52$4,838,546$3,219,149$2,844,005$4,527,988
53$5,303,691$3,348,501$2,910,892$4,887,000
54$5,815,386$3,483,296$2,979,126$5,279,101
55$6,378,352$3,623,775$3,048,724$5,707,540
56$6,997,790$3,770,185$3,119,701$6,175,889
57$7,679,428$3,922,788$3,192,075$6,688,081
58$8,429,582$4,081,856$3,265,861$7,248,446
59$9,255,206$4,247,675$3,341,075$7,861,748
60$10,163,968$4,420,541$3,417,732$8,533,232
61$11,164,312$4,600,767$3,495,845$9,268,671
62$12,265,545$4,788,678$3,575,429$10,074,423
63$13,477,922$4,984,615$3,656,498$10,957,486
64$14,812,742$5,188,933$3,739,062$11,925,564
65$16,282,456$5,402,005$3,823,135$12,987,143
66$17,900,784$5,624,220$3,908,727$14,151,565
67$19,682,842$5,855,985$3,995,848$15,429,116
68$21,645,290$6,097,727$4,084,508$16,831,127
69$23,806,485$6,349,890$4,174,713$18,370,072
70$26,186,652$6,612,941$4,266,472$20,059,691
71$28,808,081$6,887,365$4,359,789$21,915,116
72$31,695,334$7,173,674$4,454,670$23,953,013
73$34,875,474$7,472,401$4,551,118$26,191,739
74$38,378,326$7,784,102$4,649,134$28,651,511
75$42,236,753$8,109,361$4,748,719$31,354,600
76$46,486,972$8,448,789$4,849,870$34,325,534
77$51,168,887$8,803,025$4,952,585$37,591,335
78$56,326,476$9,172,735$5,056,859$41,181,765
79$62,008,197$9,558,620$5,162,685$45,129,614
80$68,267,451$9,961,410$5,270,052$49,470,999
81$75,163,084$10,381,871$5,378,951$54,245,709
82$82,759,939$10,820,804$5,489,367$59,497,576
83$91,129,476$11,279,047$5,601,284$65,274,890
84$100,350,439$11,757,476$5,714,683$71,630,849
85$110,509,601$12,257,010$5,829,542$78,624,062
86$121,702,585$12,778,608$5,945,837$86,319,096
87$134,034,765$13,323,276$6,063,539$94,787,091
88$147,622,261$13,892,066$6,182,617$104,106,421
89$162,593,033$14,486,080$6,303,037$114,363,435
90$179,088,094$15,106,469$6,424,760$125,653,271
91$197,262,834$15,754,440$6,547,744$138,080,749
92$217,288,491$16,431,256$6,671,941$151,761,358
93$239,353,768$17,138,239$6,797,303$166,822,345
94$263,666,612$17,876,772$6,923,772$183,403,912
95$290,456,177$18,648,304$7,051,289$201,660,534
96$319,974,988$19,454,352$7,179,788$221,762,420
97$352,501,325$20,296,503$7,309,198$243,897,110
98$388,341,847$21,176,419$7,439,444$268,271,246
99$427,834,493$22,095,841$7,570,443$295,112,516
100$471,351,665$23,056,591$7,702,106$324,671,803