Can I retire at age 45 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$195,712$193,969$192,268$190,608$188,987$187,796
2 years$96,887$95,083$93,334$91,639$89,994$88,792
3 years$63,950$62,138$60,393$58,714$57,096$55,921
4 years$47,484$45,678$43,951$42,300$40,721$39,583
5 years$37,608$35,812$34,108$32,490$30,956$29,856
6 years$31,025$29,243$27,564$25,983$24,494$23,435
7 years$26,326$24,558$22,906$21,362$19,920$18,903
8 years$22,802$21,051$19,426$17,920$16,526$15,549
9 years$20,064$18,329$16,732$15,264$13,917$12,982
10 years$17,874$16,156$14,587$13,158$11,858$10,963
11 years$16,083$14,383$12,842$11,451$10,198$9,343
12 years$14,592$12,909$11,397$10,044$8,838$8,022
13 years$13,332$11,666$10,183$8,867$7,707$6,929
14 years$12,252$10,604$9,149$7,872$6,756$6,015
15 years$11,317$9,687$8,260$7,020$5,948$5,244
16 years$10,500$8,888$7,489$6,286$5,257$4,588
17 years$9,780$8,185$6,815$5,648$4,661$4,027
18 years$9,140$7,564$6,221$5,090$4,145$3,543
19 years$8,569$7,010$5,695$4,599$3,694$3,125
20 years$8,055$6,514$5,227$4,165$3,300$2,762
21 years$7,591$6,067$4,808$3,780$2,953$2,444
22 years$7,169$5,664$4,431$3,437$2,647$2,167
23 years$6,785$5,297$4,091$3,130$2,376$1,924
24 years$6,433$4,963$3,784$2,855$2,136$1,710
25 years$6,110$4,658$3,504$2,607$1,922$1,521
26 years$5,813$4,377$3,250$2,384$1,731$1,354
27 years$5,537$4,120$3,018$2,182$1,561$1,207
28 years$5,282$3,882$2,806$1,999$1,408$1,076
29 years$5,045$3,662$2,611$1,833$1,272$960
30 years$4,824$3,458$2,432$1,683$1,149$857
31 years$4,618$3,269$2,267$1,545$1,039$766
32 years$4,425$3,094$2,115$1,420$940$684
33 years$4,244$2,930$1,975$1,306$850$612
34 years$4,074$2,777$1,845$1,202$770$547
35 years$3,915$2,634$1,725$1,106$697$489
36 years$3,764$2,500$1,614$1,019$632$438
37 years$3,622$2,374$1,511$939$573$392
38 years$3,488$2,256$1,415$865$519$351
39 years$3,361$2,145$1,325$798$471$314
40 years$3,240$2,041$1,242$736$427$281
41 years$3,126$1,943$1,165$679$387$252
42 years$3,017$1,851$1,093$626$352$226
43 years$2,914$1,763$1,025$578$319$202
44 years$2,816$1,681$963$534$290$181
45 years$2,722$1,603$904$493$263$162
46 years$2,633$1,529$849$456$239$145
47 years$2,548$1,459$797$421$217$130
48 years$2,466$1,393$749$389$197$117
49 years$2,388$1,330$704$359$179$105
50 years$2,314$1,271$662$332$162$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,370,000, adding $5,738 every year, while hoping to spend $35,728 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: 64/13/23 Blend
44$2,370,000$2,370,000$2,370,000$2,370,000
45$2,617,659$2,492,049$2,455,314$2,769,194
46$2,846,646$2,576,145$2,499,552$2,956,164
47$3,097,792$2,663,164$2,544,076$3,155,837
48$3,373,320$2,753,212$2,588,855$3,373,184
49$3,675,677$2,846,399$2,633,861$3,609,938
50$4,007,561$2,942,837$2,679,060$3,868,008
51$4,371,941$3,042,645$2,724,418$4,149,499
52$4,772,090$3,145,946$2,769,897$4,456,724
53$5,211,612$3,252,865$2,815,457$4,792,235
54$5,694,477$3,363,537$2,861,055$5,158,839
55$6,225,060$3,478,096$2,906,646$5,559,630
56$6,808,179$3,596,686$2,952,182$5,998,014
57$7,449,143$3,719,453$2,997,610$6,477,744
58$8,153,802$3,846,552$3,042,876$7,002,951
59$8,928,598$3,978,142$3,087,921$7,578,190
60$9,780,631$4,114,387$3,132,683$8,208,474
61$10,717,724$4,255,460$3,177,096$8,899,328
62$11,748,493$4,401,539$3,221,090$9,656,839
63$12,882,433$4,552,809$3,264,590$10,487,710
64$14,130,007$4,709,462$3,307,520$11,399,327
65$15,502,741$4,871,698$3,349,795$12,399,827
66$17,013,335$5,039,726$3,391,327$13,498,177
67$18,675,782$5,213,760$3,432,024$14,704,251
68$20,505,503$5,394,025$3,471,788$16,028,934
69$22,519,486$5,580,754$3,510,514$17,484,214
70$24,736,452$5,774,190$3,548,095$19,083,301
71$27,177,027$5,974,582$3,584,413$20,840,751
72$29,863,942$6,182,194$3,619,349$22,772,600
73$32,822,239$6,397,297$3,652,772$24,896,520
74$36,079,516$6,620,173$3,684,549$27,231,979
75$39,666,182$6,851,117$3,714,537$29,800,431
76$43,615,744$7,090,434$3,742,585$32,625,515
77$47,965,126$7,338,440$3,768,537$35,733,277
78$52,755,012$7,595,468$3,792,227$39,152,419
79$58,030,237$7,861,859$3,813,480$42,914,565
80$63,840,202$8,137,971$3,832,112$47,054,564
81$70,239,346$8,424,175$3,847,931$51,610,815
82$77,287,657$8,720,857$3,860,735$56,625,631
83$85,051,239$9,028,420$3,870,311$62,145,639
84$93,602,934$9,347,281$3,876,434$68,222,217
85$103,023,010$9,677,875$3,878,872$74,911,979
86$113,399,921$10,020,654$3,877,378$82,277,315
87$124,831,136$10,376,089$3,871,693$90,386,970
88$137,424,064$10,744,670$3,861,547$99,316,701
89$151,297,066$11,126,906$3,846,656$109,149,987
90$166,580,569$11,523,328$3,826,723$119,978,819
91$183,418,304$11,934,487$3,801,434$131,904,567
92$201,968,652$12,360,959$3,770,463$145,038,936
93$222,406,149$12,803,340$3,733,468$159,505,023
94$244,923,127$13,262,254$3,690,090$175,438,476
95$269,731,530$13,738,348$3,639,952$192,988,775
96$297,064,916$14,232,298$3,582,661$212,320,642
97$327,180,663$14,744,806$3,517,805$233,615,598
98$360,362,392$15,276,603$3,444,953$257,073,674
99$396,922,650$15,828,451$3,363,654$282,915,300
100$437,205,859$16,401,143$3,273,434$311,383,385