Can I retire at age 45 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$194,061$192,332$190,646$189,000$187,392$180,887
2 years$96,070$94,280$92,546$90,865$89,234$82,748
3 years$63,410$61,613$59,884$58,218$56,614$50,350
4 years$47,084$45,292$43,580$41,943$40,378$34,384
5 years$37,290$35,510$33,820$32,216$30,694$24,987
6 years$30,764$28,996$27,331$25,764$24,287$18,870
7 years$26,103$24,351$22,713$21,182$19,752$14,624
8 years$22,610$20,873$19,262$17,769$16,386$11,544
9 years$19,894$18,174$16,590$15,135$13,800$9,237
10 years$17,723$16,020$14,464$13,047$11,758$7,466
11 years$15,948$14,261$12,734$11,354$10,112$6,084
12 years$14,469$12,800$11,301$9,959$8,763$4,988
13 years$13,219$11,568$10,097$8,793$7,642$4,110
14 years$12,149$10,515$9,072$7,805$6,699$3,401
15 years$11,222$9,605$8,191$6,961$5,898$2,823
16 years$10,411$8,813$7,426$6,233$5,213$2,349
17 years$9,697$8,116$6,757$5,600$4,622$1,959
18 years$9,063$7,500$6,169$5,047$4,110$1,637
19 years$8,496$6,951$5,647$4,560$3,663$1,370
20 years$7,987$6,459$5,183$4,130$3,272$1,148
21 years$7,527$6,016$4,767$3,748$2,928$962
22 years$7,109$5,616$4,394$3,408$2,624$808
23 years$6,728$5,252$4,057$3,104$2,356$679
24 years$6,379$4,921$3,752$2,831$2,117$570
25 years$6,059$4,618$3,475$2,585$1,905$480
26 years$5,763$4,340$3,223$2,364$1,716$404
27 years$5,491$4,085$2,993$2,164$1,547$340
28 years$5,238$3,849$2,782$1,982$1,396$286
29 years$5,003$3,631$2,589$1,818$1,261$241
30 years$4,784$3,429$2,411$1,668$1,139$203
31 years$4,579$3,242$2,248$1,532$1,030$171
32 years$4,388$3,067$2,098$1,408$932$144
33 years$4,209$2,905$1,958$1,295$843$121
34 years$4,040$2,753$1,830$1,191$763$102
35 years$3,882$2,611$1,711$1,097$691$86
36 years$3,732$2,479$1,600$1,010$626$73
37 years$3,591$2,354$1,498$931$568$61
38 years$3,458$2,237$1,403$858$515$52
39 years$3,332$2,127$1,314$791$467$43
40 years$3,213$2,024$1,232$730$423$37
41 years$3,100$1,927$1,155$673$384$31
42 years$2,992$1,835$1,084$621$349$26
43 years$2,890$1,748$1,017$573$316$22
44 years$2,792$1,666$954$529$287$19
45 years$2,699$1,589$896$489$261$16
46 years$2,611$1,516$842$452$237$13
47 years$2,526$1,447$791$417$215$11
48 years$2,446$1,381$743$386$195$9
49 years$2,368$1,319$698$356$177$8
50 years$2,294$1,260$657$329$161$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,350,000, adding $5,874 every year, while hoping to spend $48,172 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: 60/22/18 Blend
44$2,350,000$2,350,000$2,350,000$2,350,000
45$2,595,759$2,471,209$2,434,784$2,739,092
46$2,809,272$2,541,044$2,465,095$2,906,493
47$3,042,948$2,612,686$2,494,806$3,083,186
48$3,298,795$2,686,173$2,523,848$3,274,844
49$3,579,019$2,761,543$2,552,144$3,482,920
50$3,886,055$2,838,834$2,579,617$3,709,018
51$4,222,580$2,918,085$2,606,182$3,954,903
52$4,591,546$2,999,334$2,631,751$4,222,517
53$4,996,202$3,082,619$2,656,233$4,514,002
54$5,440,126$3,167,979$2,679,529$4,831,715
55$5,927,262$3,255,453$2,701,535$5,178,251
56$6,461,951$3,345,078$2,722,145$5,556,472
57$7,048,976$3,436,894$2,741,244$5,969,527
58$7,693,608$3,530,937$2,758,711$6,420,887
59$8,401,649$3,627,246$2,774,421$6,914,376
60$9,179,494$3,725,859$2,788,242$7,454,204
61$10,034,188$3,826,810$2,800,032$8,045,013
62$10,973,489$3,930,138$2,809,647$8,691,914
63$12,005,946$4,035,877$2,816,932$9,400,539
64$13,140,979$4,144,061$2,821,726$10,177,095
65$14,388,964$4,254,725$2,823,859$11,028,419
66$15,761,333$4,367,901$2,823,153$11,962,044
67$17,270,682$4,483,621$2,819,421$12,986,270
68$18,930,887$4,601,914$2,812,467$14,110,246
69$20,757,239$4,722,809$2,802,086$15,344,048
70$22,766,584$4,846,333$2,788,063$16,698,782
71$24,977,483$4,972,512$2,770,171$18,186,685
72$27,410,389$5,101,367$2,748,174$19,821,241
73$30,087,835$5,232,920$2,721,824$21,617,308
74$33,034,650$5,367,189$2,690,861$23,591,260
75$36,278,193$5,504,190$2,655,014$25,761,139
76$39,848,608$5,643,936$2,613,997$28,146,827
77$43,779,113$5,786,435$2,567,512$30,770,234
78$48,106,306$5,931,693$2,515,247$33,655,504
79$52,870,516$6,079,714$2,456,875$36,829,241
80$58,116,184$6,230,495$2,392,055$40,320,766
81$63,892,275$6,384,029$2,320,430$44,162,387
82$70,252,747$6,540,307$2,241,624$48,389,709
83$77,257,056$6,699,311$2,155,247$53,041,969
84$84,970,718$6,861,020$2,060,891$58,162,406
85$93,465,928$7,025,405$1,958,126$63,798,667
86$102,822,237$7,192,435$1,846,508$70,003,263
87$113,127,307$7,362,066$1,725,568$76,834,060
88$124,477,736$7,534,251$1,594,818$84,354,827
89$136,979,969$7,708,933$1,453,749$92,635,837
90$150,751,303$7,886,049$1,301,827$101,754,534
91$165,920,994$8,065,523$1,138,496$111,796,261
92$182,631,475$8,247,273$963,175$122,855,069
93$201,039,701$8,431,205$775,257$135,034,601
94$221,318,630$8,617,213$574,107$148,449,078
95$243,658,856$8,805,182$359,065$163,224,368
96$268,270,404$8,994,981$129,439$179,499,184
97$295,384,719$9,186,469$0$197,426,390
98$325,256,842$9,379,488$0$217,196,648
99$358,167,822$9,573,865$0$239,001,372
100$394,427,368$9,769,412$0$263,020,409