Can I retire at age 45 with 2,430,000?

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 $2,430,000?

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$200,667$198,880$197,136$195,434$193,772$192,550
2 years$99,340$97,490$95,697$93,958$92,272$91,040
3 years$65,569$63,711$61,922$60,200$58,541$57,337
4 years$48,687$46,834$45,064$43,371$41,752$40,585
5 years$38,560$36,719$34,971$33,313$31,739$30,612
6 years$31,811$29,983$28,262$26,641$25,114$24,029
7 years$26,992$25,180$23,486$21,903$20,425$19,381
8 years$23,380$21,584$19,918$18,374$16,944$15,943
9 years$20,571$18,793$17,155$15,650$14,269$13,310
10 years$18,326$16,565$14,956$13,491$12,158$11,241
11 years$16,490$14,747$13,167$11,741$10,457$9,580
12 years$14,962$13,236$11,686$10,298$9,061$8,225
13 years$13,669$11,961$10,440$9,092$7,902$7,104
14 years$12,562$10,873$9,381$8,071$6,927$6,167
15 years$11,604$9,932$8,469$7,198$6,099$5,377
16 years$10,766$9,113$7,679$6,445$5,390$4,704
17 years$10,027$8,392$6,987$5,791$4,779$4,129
18 years$9,372$7,755$6,379$5,218$4,249$3,633
19 years$8,786$7,187$5,839$4,715$3,788$3,204
20 years$8,259$6,679$5,359$4,271$3,383$2,831
21 years$7,783$6,221$4,929$3,876$3,028$2,506
22 years$7,351$5,807$4,543$3,524$2,714$2,222
23 years$6,957$5,431$4,195$3,209$2,436$1,972
24 years$6,596$5,089$3,879$2,927$2,190$1,753
25 years$6,265$4,775$3,593$2,673$1,970$1,559
26 years$5,960$4,488$3,332$2,444$1,775$1,388
27 years$5,677$4,224$3,094$2,237$1,600$1,237
28 years$5,416$3,980$2,877$2,050$1,444$1,103
29 years$5,173$3,755$2,677$1,880$1,304$984
30 years$4,946$3,546$2,494$1,725$1,178$879
31 years$4,735$3,352$2,325$1,584$1,065$785
32 years$4,537$3,172$2,169$1,456$963$701
33 years$4,352$3,004$2,025$1,339$872$627
34 years$4,178$2,847$1,892$1,232$789$561
35 years$4,014$2,700$1,769$1,134$715$502
36 years$3,859$2,563$1,655$1,045$648$449
37 years$3,714$2,434$1,549$962$587$402
38 years$3,576$2,313$1,451$887$532$360
39 years$3,446$2,200$1,359$818$483$322
40 years$3,322$2,093$1,274$754$438$288
41 years$3,205$1,992$1,194$696$397$258
42 years$3,094$1,897$1,120$642$360$231
43 years$2,988$1,808$1,051$593$327$207
44 years$2,887$1,723$987$548$297$186
45 years$2,791$1,643$927$506$270$166
46 years$2,700$1,568$870$467$245$149
47 years$2,612$1,496$818$432$222$134
48 years$2,529$1,428$768$399$202$120
49 years$2,449$1,364$722$369$183$107
50 years$2,373$1,303$679$341$166$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,430,000, adding $6,750 every year, while hoping to spend $42,378 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: 58/13/29 Blend
44$2,430,000$2,430,000$2,430,000$2,430,000
45$2,684,823$2,556,033$2,518,368$2,818,866
46$2,913,585$2,636,188$2,557,643$2,991,701
47$3,164,260$2,718,851$2,596,814$3,175,042
48$3,439,039$2,804,100$2,635,832$3,374,100
49$3,740,335$2,892,014$2,674,646$3,590,412
50$4,070,804$2,982,678$2,713,201$3,825,671
51$4,433,373$3,076,176$2,751,440$4,081,742
52$4,831,265$3,172,596$2,789,302$4,360,680
53$5,268,031$3,272,031$2,826,721$4,664,748
54$5,747,583$3,374,573$2,863,628$4,996,436
55$6,274,229$3,480,320$2,899,952$5,358,492
56$6,852,715$3,589,370$2,935,615$5,753,938
57$7,488,270$3,701,827$2,970,536$6,186,107
58$8,186,653$3,817,797$3,004,629$6,658,669
59$8,954,211$3,937,388$3,037,804$7,175,668
60$9,797,934$4,060,714$3,069,964$7,741,559
61$10,725,525$4,187,890$3,101,009$8,361,251
62$11,745,468$4,319,036$3,130,832$9,040,150
63$12,867,112$4,454,275$3,159,322$9,784,217
64$14,100,758$4,593,735$3,186,359$10,600,017
65$15,457,753$4,737,546$3,211,820$11,494,784
66$16,950,602$4,885,844$3,235,574$12,476,488
67$18,593,080$5,038,767$3,257,482$13,553,913
68$20,400,366$5,196,458$3,277,400$14,736,738
69$22,389,186$5,359,067$3,295,176$16,035,625
70$24,577,967$5,526,745$3,310,648$17,462,328
71$26,987,013$5,699,650$3,323,648$19,029,795
72$29,638,698$5,877,942$3,334,000$20,752,294
73$32,557,674$6,061,790$3,341,518$22,645,551
74$35,771,104$6,251,365$3,346,006$24,726,891
75$39,308,919$6,446,845$3,347,260$27,015,409
76$43,204,100$6,648,411$3,345,064$29,532,145
77$47,492,988$6,856,253$3,339,194$32,300,286
78$52,215,628$7,070,565$3,329,412$35,345,382
79$57,416,145$7,291,545$3,315,470$38,695,589
80$63,143,163$7,519,402$3,297,109$42,381,937
81$69,450,259$7,754,346$3,274,056$46,438,617
82$76,396,473$7,996,597$3,246,025$50,903,310
83$84,046,864$8,246,381$3,212,717$55,817,540
84$92,473,120$8,503,929$3,173,819$61,227,066
85$101,754,238$8,769,482$3,129,002$67,182,314
86$111,977,270$9,043,285$3,077,922$73,738,855
87$123,238,140$9,325,595$3,020,221$80,957,927
88$135,642,553$9,616,672$2,955,521$88,907,015
89$149,306,991$9,916,786$2,883,429$97,660,490
90$164,359,812$10,226,217$2,803,532$107,300,307
91$180,942,461$10,545,250$2,715,399$117,916,783
92$199,210,806$10,874,181$2,618,578$129,609,448
93$219,336,607$11,213,314$2,512,599$142,487,984
94$241,509,137$11,562,964$2,396,968$156,673,263
95$265,936,973$11,923,452$2,271,170$172,298,488
96$292,849,955$12,295,112$2,134,665$189,510,449
97$322,501,365$12,678,288$1,986,891$208,470,912
98$355,170,311$13,073,331$1,827,259$229,358,143
99$391,164,365$13,480,606$1,655,154$252,368,596
100$430,822,463$13,900,488$1,469,934$277,718,765