Can I retire at age 45 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$194,887$193,151$191,457$189,804$188,190$185,377
2 years$96,479$94,682$92,940$91,252$89,614$86,787
3 years$63,680$61,876$60,139$58,466$56,855$54,101
4 years$47,284$45,485$43,765$42,121$40,549$37,890
5 years$37,449$35,661$33,964$32,353$30,825$28,268
6 years$30,895$29,120$27,448$25,873$24,391$21,939
7 years$26,215$24,455$22,809$21,272$19,836$17,490
8 years$22,706$20,962$19,344$17,844$16,456$14,216
9 years$19,979$18,251$16,661$15,199$13,858$11,722
10 years$17,798$16,088$14,525$13,102$11,808$9,775
11 years$16,015$14,322$12,788$11,403$10,155$8,223
12 years$14,531$12,855$11,349$10,002$8,800$6,967
13 years$13,275$11,617$10,140$8,830$7,674$5,936
14 years$12,200$10,559$9,110$7,838$6,727$5,082
15 years$11,269$9,646$8,226$6,990$5,923$4,368
16 years$10,456$8,850$7,458$6,259$5,235$3,767
17 years$9,738$8,151$6,786$5,624$4,642$3,258
18 years$9,102$7,532$6,195$5,068$4,127$2,824
19 years$8,532$6,980$5,671$4,580$3,679$2,453
20 years$8,021$6,486$5,205$4,148$3,286$2,135
21 years$7,559$6,042$4,787$3,764$2,940$1,860
22 years$7,139$5,640$4,412$3,423$2,636$1,623
23 years$6,756$5,275$4,074$3,117$2,366$1,418
24 years$6,406$4,942$3,768$2,843$2,127$1,240
25 years$6,084$4,638$3,490$2,596$1,914$1,085
26 years$5,788$4,359$3,236$2,374$1,724$950
27 years$5,514$4,102$3,005$2,173$1,554$833
28 years$5,260$3,866$2,794$1,991$1,402$730
29 years$5,024$3,647$2,600$1,826$1,266$641
30 years$4,804$3,444$2,422$1,675$1,144$562
31 years$4,599$3,256$2,258$1,539$1,034$493
32 years$4,407$3,080$2,106$1,414$936$433
33 years$4,226$2,917$1,967$1,300$847$381
34 years$4,057$2,765$1,838$1,197$767$335
35 years$3,898$2,622$1,718$1,101$694$294
36 years$3,748$2,489$1,607$1,014$629$258
37 years$3,607$2,364$1,504$935$570$227
38 years$3,473$2,247$1,409$862$517$200
39 years$3,346$2,136$1,320$794$469$176
40 years$3,226$2,033$1,237$733$425$155
41 years$3,113$1,935$1,160$676$386$136
42 years$3,005$1,843$1,088$624$350$120
43 years$2,902$1,756$1,021$576$318$105
44 years$2,804$1,674$958$532$288$93
45 years$2,711$1,596$900$491$262$81
46 years$2,622$1,522$845$454$238$72
47 years$2,537$1,453$794$419$216$63
48 years$2,456$1,387$746$387$196$56
49 years$2,378$1,324$701$358$178$49
50 years$2,304$1,265$659$331$162$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,360,000, adding $6,120 every year, while hoping to spend $52,381 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: 69/26/5 Blend
44$2,360,000$2,360,000$2,360,000$2,360,000
45$2,607,033$2,481,953$2,445,373$2,785,093
46$2,817,217$2,547,835$2,471,560$2,969,496
47$3,047,085$2,615,191$2,496,868$3,164,110
48$3,298,588$2,684,036$2,521,214$3,375,536
49$3,573,876$2,754,386$2,544,507$3,605,410
50$3,875,318$2,826,257$2,566,654$3,855,529
51$4,205,519$2,899,662$2,587,556$4,127,876
52$4,567,350$2,974,614$2,607,107$4,424,632
53$4,963,973$3,051,123$2,625,199$4,748,198
54$5,398,871$3,129,201$2,641,715$5,101,219
55$5,875,878$3,208,854$2,656,535$5,486,607
56$6,399,219$3,290,089$2,669,531$5,907,569
57$6,973,547$3,372,911$2,680,567$6,367,639
58$7,603,987$3,457,322$2,689,505$6,870,707
59$8,296,185$3,543,322$2,696,194$7,421,057
60$9,056,359$3,630,909$2,700,481$8,023,411
61$9,891,362$3,720,077$2,702,200$8,682,969
62$10,808,739$3,810,819$2,701,182$9,405,457
63$11,816,805$3,903,123$2,697,246$10,197,187
64$12,924,719$3,996,977$2,690,204$11,065,108
65$14,142,572$4,092,360$2,679,858$12,016,880
66$15,481,482$4,189,253$2,666,000$13,060,939
67$16,953,696$4,287,630$2,648,414$14,206,580
68$18,572,708$4,387,459$2,626,872$15,464,045
69$20,353,387$4,488,707$2,601,134$16,844,616
70$22,312,112$4,591,333$2,570,952$18,360,726
71$24,466,931$4,695,292$2,536,063$20,026,072
72$26,837,730$4,800,534$2,496,193$21,855,746
73$29,446,418$4,906,999$2,451,055$23,866,379
74$32,317,137$5,014,626$2,400,349$26,076,294
75$35,476,485$5,123,343$2,343,761$28,505,681
76$38,953,771$5,233,072$2,280,962$31,176,788
77$42,781,289$5,343,725$2,211,607$34,114,129
78$46,994,622$5,455,210$2,135,338$37,344,718
79$51,632,979$5,567,420$2,051,777$40,898,319
80$56,739,562$5,680,244$1,960,531$44,807,734
81$62,361,978$5,793,556$1,861,189$49,109,105
82$68,552,682$5,907,223$1,753,321$53,842,261
83$75,369,476$6,021,097$1,636,478$59,051,090
84$82,876,053$6,135,021$1,510,190$64,783,955
85$91,142,595$6,248,821$1,373,966$71,094,151
86$100,246,440$6,362,314$1,227,294$78,040,406
87$110,272,807$6,475,297$1,069,638$85,687,437
88$121,315,602$6,587,555$900,440$94,106,563
89$133,478,303$6,698,856$719,115$103,376,372
90$146,874,939$6,808,948$525,054$113,583,469
91$161,631,159$6,917,563$317,620$124,823,291
92$177,885,425$7,024,412$96,148$137,201,008
93$195,790,316$7,129,185$0$150,832,519
94$215,513,963$7,231,550$0$165,853,020
95$237,241,643$7,331,152$0$182,401,736
96$261,177,521$7,427,609$0$200,628,673
97$287,546,582$7,520,516$0$220,704,793
98$316,596,750$7,609,437$0$242,818,494
99$348,601,227$7,693,909$0$267,177,390
100$383,861,077$7,773,435$0$294,010,265