Can I retire at age 45 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$171,764$170,234$168,742$167,285$165,862$162,182
2 years$85,032$83,448$81,913$80,425$78,982$75,293
3 years$56,125$54,534$53,003$51,529$50,109$46,528
4 years$41,674$40,089$38,573$37,124$35,738$32,291
5 years$33,006$31,430$29,934$28,515$27,168$23,864
6 years$27,229$25,665$24,191$22,803$21,497$18,341
7 years$23,104$21,553$20,103$18,748$17,483$14,475
8 years$20,012$18,475$17,049$15,727$14,504$11,643
9 years$17,609$16,086$14,684$13,396$12,214$9,498
10 years$15,687$14,179$12,802$11,548$10,407$7,833
11 years$14,115$12,623$11,271$10,050$8,950$6,515
12 years$12,807$11,329$10,003$8,815$7,756$5,456
13 years$11,700$10,239$8,937$7,782$6,764$4,594
14 years$10,753$9,307$8,030$6,908$5,929$3,885
15 years$9,932$8,502$7,250$6,161$5,220$3,298
16 years$9,215$7,800$6,573$5,517$4,614$2,809
17 years$8,583$7,184$5,981$4,957$4,091$2,398
18 years$8,022$6,638$5,460$4,467$3,637$2,052
19 years$7,520$6,152$4,998$4,036$3,242$1,759
20 years$7,069$5,717$4,587$3,656$2,896$1,510
21 years$6,662$5,325$4,219$3,318$2,591$1,298
22 years$6,292$4,971$3,889$3,016$2,323$1,117
23 years$5,955$4,649$3,591$2,747$2,085$962
24 years$5,646$4,356$3,321$2,506$1,874$829
25 years$5,363$4,088$3,076$2,288$1,686$716
26 years$5,101$3,842$2,852$2,092$1,519$618
27 years$4,860$3,616$2,649$1,915$1,370$534
28 years$4,636$3,407$2,462$1,755$1,236$461
29 years$4,428$3,214$2,291$1,609$1,116$399
30 years$4,234$3,035$2,134$1,477$1,008$345
31 years$4,053$2,869$1,990$1,356$912$298
32 years$3,884$2,715$1,857$1,246$825$258
33 years$3,725$2,571$1,733$1,146$746$223
34 years$3,576$2,437$1,620$1,055$676$193
35 years$3,436$2,311$1,514$971$612$167
36 years$3,304$2,194$1,417$894$554$145
37 years$3,179$2,084$1,326$824$503$125
38 years$3,061$1,980$1,242$759$456$109
39 years$2,949$1,883$1,163$700$413$94
40 years$2,844$1,791$1,090$646$375$81
41 years$2,743$1,705$1,022$596$340$71
42 years$2,648$1,624$959$550$309$61
43 years$2,558$1,547$900$508$280$53
44 years$2,471$1,475$845$469$254$46
45 years$2,389$1,407$793$433$231$40
46 years$2,311$1,342$745$400$209$34
47 years$2,236$1,280$700$369$190$30
48 years$2,165$1,222$658$341$173$26
49 years$2,096$1,167$618$315$157$22
50 years$2,031$1,115$581$292$143$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,080,000, adding $2,491 every year, while hoping to spend $30,718 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: 52/22/26 Blend
44$2,080,000$2,080,000$2,080,000$2,080,000
45$2,294,729$2,184,489$2,152,249$2,397,253
46$2,496,108$2,258,846$2,191,666$2,542,959
47$2,716,998$2,335,816$2,231,374$2,698,046
48$2,959,357$2,415,496$2,271,349$2,866,134
49$3,225,340$2,497,984$2,311,569$3,048,477
50$3,517,324$2,583,385$2,352,006$3,246,452
51$3,837,925$2,671,805$2,392,632$3,461,576
52$4,190,025$2,763,355$2,433,417$3,695,518
53$4,576,800$2,858,151$2,474,328$3,950,115
54$5,001,746$2,956,313$2,515,330$4,227,391
55$5,468,717$3,057,965$2,556,387$4,529,571
56$5,981,958$3,163,237$2,597,458$4,859,108
57$6,546,145$3,272,264$2,638,501$5,218,702
58$7,166,432$3,385,185$2,679,471$5,611,325
59$7,848,494$3,502,145$2,720,319$6,040,251
60$8,598,586$3,623,296$2,760,995$6,509,085
61$9,423,598$3,748,793$2,801,445$7,021,796
62$10,331,122$3,878,801$2,841,610$7,582,758
63$11,329,522$4,013,488$2,881,429$8,196,787
64$12,428,015$4,153,030$2,920,839$8,869,187
65$13,636,754$4,297,610$2,959,769$9,605,801
66$14,966,930$4,447,420$2,998,147$10,413,065
67$16,430,868$4,602,655$3,035,897$11,298,068
68$18,042,154$4,763,522$3,072,937$12,268,620
69$19,815,754$4,930,235$3,109,181$13,333,325
70$21,768,160$5,103,016$3,144,537$14,501,659
71$23,917,545$5,282,096$3,178,911$15,784,064
72$26,283,931$5,467,715$3,212,202$17,192,043
73$28,889,382$5,660,124$3,244,301$18,738,268
74$31,758,211$5,859,582$3,275,097$20,436,700
75$34,917,208$6,066,360$3,304,472$22,302,723
76$38,395,891$6,280,740$3,332,299$24,353,283
77$42,226,789$6,503,014$3,358,449$26,607,053
78$46,445,746$6,733,486$3,382,781$29,084,607
79$51,092,260$6,972,474$3,405,152$31,808,611
80$56,209,852$7,220,307$3,425,407$34,804,042
81$61,846,484$7,477,329$3,443,385$38,098,418
82$68,055,004$7,743,897$3,458,917$41,722,062
83$74,893,649$8,020,382$3,471,824$45,708,382
84$82,426,592$8,307,172$3,481,921$50,094,194
85$90,724,549$8,604,668$3,489,011$54,920,059
86$99,865,447$8,913,291$3,492,887$60,230,675
87$109,935,157$9,233,477$3,493,333$66,075,293
88$121,028,306$9,565,680$3,490,123$72,508,180
89$133,249,169$9,910,374$3,483,017$79,589,137
90$146,712,652$10,268,051$3,471,767$87,384,056
91$161,545,382$10,639,224$3,456,109$95,965,548
92$177,886,892$11,024,427$3,435,771$105,413,621
93$195,890,949$11,424,218$3,410,463$115,816,440
94$215,726,998$11,839,176$3,379,885$127,271,157
95$237,581,761$12,269,905$3,343,720$139,884,827
96$261,661,004$12,717,034$3,301,639$153,775,419
97$288,191,475$13,181,218$3,253,293$169,072,926
98$317,423,048$13,663,140$3,198,321$185,920,596
99$349,631,077$14,163,512$3,136,342$204,476,281
100$385,118,997$14,683,074$3,066,960$224,913,926