Can I retire at age 45 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$197,364$195,606$193,891$192,217$190,582$187,348
2 years$97,705$95,885$94,122$92,412$90,753$87,505
3 years$64,490$62,662$60,903$59,209$57,578$54,416
4 years$47,885$46,063$44,322$42,657$41,065$38,014
5 years$37,925$36,114$34,396$32,765$31,217$28,286
6 years$31,287$29,490$27,797$26,202$24,701$21,894
7 years$26,548$24,766$23,099$21,542$20,088$17,406
8 years$22,995$21,229$19,590$18,071$16,665$14,106
9 years$20,233$18,483$16,873$15,393$14,035$11,598
10 years$18,025$16,292$14,710$13,269$11,958$9,641
11 years$16,219$14,504$12,951$11,548$10,284$8,085
12 years$14,715$13,018$11,493$10,129$8,912$6,828
13 years$13,444$11,764$10,268$8,942$7,772$5,799
14 years$12,355$10,694$9,226$7,938$6,813$4,948
15 years$11,413$9,769$8,330$7,079$5,998$4,238
16 years$10,589$8,963$7,552$6,339$5,301$3,642
17 years$9,862$8,254$6,872$5,695$4,701$3,139
18 years$9,217$7,627$6,274$5,133$4,180$2,711
19 years$8,641$7,069$5,743$4,638$3,725$2,346
20 years$8,123$6,569$5,271$4,200$3,327$2,034
21 years$7,655$6,119$4,848$3,812$2,978$1,766
22 years$7,230$5,711$4,468$3,466$2,669$1,535
23 years$6,842$5,342$4,126$3,157$2,396$1,336
24 years$6,488$5,005$3,816$2,879$2,154$1,163
25 years$6,162$4,697$3,534$2,629$1,938$1,014
26 years$5,862$4,414$3,278$2,404$1,746$885
27 years$5,584$4,154$3,044$2,201$1,574$772
28 years$5,327$3,915$2,829$2,016$1,420$674
29 years$5,088$3,693$2,633$1,849$1,282$589
30 years$4,865$3,488$2,453$1,697$1,159$515
31 years$4,657$3,297$2,286$1,558$1,047$450
32 years$4,463$3,120$2,133$1,432$948$394
33 years$4,280$2,954$1,992$1,317$858$344
34 years$4,109$2,800$1,861$1,212$776$301
35 years$3,948$2,656$1,740$1,115$703$264
36 years$3,796$2,521$1,628$1,027$637$231
37 years$3,653$2,394$1,523$947$577$202
38 years$3,517$2,275$1,427$872$524$177
39 years$3,389$2,164$1,337$804$475$155
40 years$3,268$2,058$1,253$742$431$136
41 years$3,152$1,959$1,175$685$391$119
42 years$3,043$1,866$1,102$632$354$104
43 years$2,939$1,778$1,034$583$322$91
44 years$2,840$1,695$971$538$292$80
45 years$2,745$1,616$911$497$265$70
46 years$2,655$1,542$856$459$241$61
47 years$2,569$1,471$804$424$219$54
48 years$2,487$1,405$756$392$198$47
49 years$2,409$1,341$710$362$180$41
50 years$2,333$1,281$668$335$164$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,390,000, adding $5,975 every year, while hoping to spend $58,141 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: 35/38/27 Blend
44$2,390,000$2,390,000$2,390,000$2,390,000
45$2,639,943$2,513,273$2,476,228$2,710,656
46$2,847,356$2,574,562$2,497,320$2,825,282
47$3,073,976$2,636,905$2,517,170$2,943,203
48$3,321,701$2,700,293$2,535,675$3,069,309
49$3,592,621$2,764,714$2,552,727$3,204,372
50$3,889,036$2,830,153$2,568,211$3,349,241
51$4,213,480$2,896,592$2,582,008$3,504,853
52$4,568,741$2,964,012$2,593,991$3,672,240
53$4,957,892$3,032,387$2,604,029$3,852,541
54$5,384,315$3,101,692$2,611,982$4,047,011
55$5,851,735$3,171,896$2,617,704$4,257,035
56$6,364,257$3,242,963$2,621,042$4,484,138
57$6,926,398$3,314,856$2,621,834$4,730,003
58$7,543,137$3,387,530$2,619,912$4,996,486
59$8,219,957$3,460,938$2,615,098$5,285,633
60$8,962,895$3,535,027$2,607,207$5,599,700
61$9,778,605$3,609,738$2,596,043$5,941,176
62$10,674,415$3,685,007$2,581,402$6,312,805
63$11,658,396$3,760,764$2,563,070$6,717,612
64$12,739,442$3,836,931$2,540,823$7,158,934
65$13,927,349$3,913,424$2,514,424$7,640,452
66$15,232,910$3,990,154$2,483,629$8,166,222
67$16,668,015$4,067,019$2,448,179$8,740,719
68$18,245,763$4,143,914$2,407,803$9,368,879
69$19,980,587$4,220,721$2,362,220$10,056,141
70$21,888,385$4,297,315$2,311,133$10,808,507
71$23,986,677$4,373,560$2,254,232$11,632,593
72$26,294,763$4,449,309$2,191,195$12,535,695
73$28,833,910$4,524,407$2,121,680$13,525,858
74$31,627,548$4,598,681$2,045,336$14,611,954
75$34,701,493$4,671,952$1,961,790$15,803,762
76$38,084,190$4,744,023$1,870,655$17,112,071
77$41,806,982$4,814,684$1,771,526$18,548,770
78$45,904,402$4,883,711$1,663,980$20,126,973
79$50,414,501$4,950,864$1,547,574$21,861,137
80$55,379,208$5,015,884$1,421,845$23,767,203
81$60,844,722$5,078,497$1,286,311$25,862,745
82$66,861,948$5,138,408$1,140,467$28,167,139
83$73,486,980$5,195,303$983,786$30,701,749
84$80,781,626$5,248,847$815,717$33,490,128
85$88,813,994$5,298,682$635,686$36,558,242
86$97,659,131$5,344,428$443,091$39,934,718
87$107,399,735$5,385,677$237,307$43,651,116
88$118,126,931$5,421,998$17,680$47,742,228
89$129,941,132$5,452,930$0$52,246,410
90$142,952,987$5,477,983$0$57,268,376
91$157,284,424$5,496,637$0$62,801,802
92$173,069,800$5,508,336$0$68,893,188
93$190,457,168$5,512,494$0$75,599,403
94$209,609,678$5,508,484$0$82,983,122
95$230,707,108$5,495,643$0$91,113,420
96$253,947,569$5,473,265$0$100,066,424
97$279,549,370$5,440,604$0$109,926,038
98$307,753,077$5,396,866$0$120,784,729
99$338,823,788$5,341,209$0$132,744,408
100$373,053,627$5,272,741$0$145,917,390