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%16.6%
1 years$171,764$170,234$168,742$167,285$165,862$161,394
2 years$85,032$83,448$81,913$80,425$78,982$74,513
3 years$56,125$54,534$53,003$51,529$50,109$45,778
4 years$41,674$40,089$38,573$37,124$35,738$31,579
5 years$33,006$31,430$29,934$28,515$27,168$23,192
6 years$27,229$25,665$24,191$22,803$21,497$17,708
7 years$23,104$21,553$20,103$18,748$17,483$13,881
8 years$20,012$18,475$17,049$15,727$14,504$11,087
9 years$17,609$16,086$14,684$13,396$12,214$8,979
10 years$15,687$14,179$12,802$11,548$10,407$7,350
11 years$14,115$12,623$11,271$10,050$8,950$6,067
12 years$12,807$11,329$10,003$8,815$7,756$5,041
13 years$11,700$10,239$8,937$7,782$6,764$4,210
14 years$10,753$9,307$8,030$6,908$5,929$3,532
15 years$9,932$8,502$7,250$6,161$5,220$2,973
16 years$9,215$7,800$6,573$5,517$4,614$2,510
17 years$8,583$7,184$5,981$4,957$4,091$2,125
18 years$8,022$6,638$5,460$4,467$3,637$1,802
19 years$7,520$6,152$4,998$4,036$3,242$1,531
20 years$7,069$5,717$4,587$3,656$2,896$1,302
21 years$6,662$5,325$4,219$3,318$2,591$1,109
22 years$6,292$4,971$3,889$3,016$2,323$946
23 years$5,955$4,649$3,591$2,747$2,085$807
24 years$5,646$4,356$3,321$2,506$1,874$689
25 years$5,363$4,088$3,076$2,288$1,686$589
26 years$5,101$3,842$2,852$2,092$1,519$503
27 years$4,860$3,616$2,649$1,915$1,370$431
28 years$4,636$3,407$2,462$1,755$1,236$368
29 years$4,428$3,214$2,291$1,609$1,116$315
30 years$4,234$3,035$2,134$1,477$1,008$270
31 years$4,053$2,869$1,990$1,356$912$231
32 years$3,884$2,715$1,857$1,246$825$198
33 years$3,725$2,571$1,733$1,146$746$170
34 years$3,576$2,437$1,620$1,055$676$145
35 years$3,436$2,311$1,514$971$612$125
36 years$3,304$2,194$1,417$894$554$107
37 years$3,179$2,084$1,326$824$503$92
38 years$3,061$1,980$1,242$759$456$78
39 years$2,949$1,883$1,163$700$413$67
40 years$2,844$1,791$1,090$646$375$58
41 years$2,743$1,705$1,022$596$340$49
42 years$2,648$1,624$959$550$309$42
43 years$2,558$1,547$900$508$280$36
44 years$2,471$1,475$845$469$254$31
45 years$2,389$1,407$793$433$231$27
46 years$2,311$1,342$745$400$209$23
47 years$2,236$1,280$700$369$190$20
48 years$2,165$1,222$658$341$173$17
49 years$2,096$1,167$618$315$157$14
50 years$2,031$1,115$581$292$143$12

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 $5,607 every year, while hoping to spend $44,143 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: 73/12/15 Blend
44$2,080,000$2,080,000$2,080,000$2,080,000
45$2,297,944$2,187,704$2,155,464$2,457,649
46$2,485,366$2,247,933$2,180,704$2,624,420
47$2,690,426$2,309,635$2,205,310$2,801,091
48$2,914,876$2,372,833$2,229,215$2,993,444
49$3,160,646$2,437,555$2,252,346$3,203,023
50$3,429,861$2,503,824$2,274,628$3,431,530
51$3,724,860$2,571,665$2,295,982$3,680,839
52$4,048,222$2,641,103$2,316,323$3,953,012
53$4,402,785$2,712,161$2,335,564$4,250,323
54$4,791,675$2,784,862$2,353,612$4,575,276
55$5,218,335$2,859,230$2,370,367$4,930,628
56$5,686,559$2,935,287$2,385,729$5,319,418
57$6,200,525$3,013,052$2,399,587$5,744,993
58$6,764,834$3,092,547$2,411,829$6,211,039
59$7,384,556$3,173,791$2,422,334$6,721,619
60$8,065,275$3,256,801$2,430,977$7,281,209
61$8,813,144$3,341,595$2,437,625$7,894,739
62$9,634,940$3,428,188$2,442,141$8,567,642
63$10,538,129$3,516,595$2,444,377$9,305,904
64$11,530,936$3,606,826$2,444,182$10,116,120
65$12,622,424$3,698,893$2,441,395$11,005,557
66$13,822,577$3,792,805$2,435,847$11,982,221
67$15,142,395$3,888,567$2,427,363$13,054,936
68$16,593,996$3,986,183$2,415,756$14,233,422
69$18,190,733$4,085,656$2,400,834$15,528,391
70$19,947,319$4,186,984$2,382,393$16,951,648
71$21,879,961$4,290,162$2,360,219$18,516,198
72$24,006,521$4,395,184$2,334,090$20,236,374
73$26,346,677$4,502,038$2,303,772$22,127,969
74$28,922,109$4,610,710$2,269,021$24,208,386
75$31,756,711$4,721,181$2,229,579$26,496,802
76$34,876,805$4,833,428$2,185,179$29,014,350
77$38,311,397$4,947,425$2,135,541$31,784,317
78$42,092,448$5,063,137$2,080,370$34,832,365
79$46,255,175$5,180,528$2,019,360$38,186,772
80$50,838,383$5,299,554$1,952,188$41,878,700
81$55,884,831$5,420,165$1,878,520$45,942,491
82$61,441,637$5,542,306$1,798,003$50,415,985
83$67,560,718$5,665,913$1,710,270$55,340,886
84$74,299,284$5,790,915$1,614,937$60,763,147
85$81,720,376$5,917,236$1,511,603$66,733,411
86$89,893,461$6,044,786$1,399,848$73,307,485
87$98,895,084$6,173,472$1,279,233$80,546,869
88$108,809,597$6,303,186$1,149,302$88,519,334
89$119,729,947$6,433,813$1,009,575$97,299,566
90$131,758,559$6,565,228$859,553$106,969,867
91$145,008,299$6,697,290$698,714$117,620,937
92$159,603,538$6,829,850$526,514$129,352,724
93$175,681,330$6,962,744$342,383$142,275,375
94$193,392,701$7,095,793$145,728$156,510,269
95$212,904,076$7,228,807$0$172,191,169
96$234,398,848$7,361,575$0$189,475,747
97$258,079,112$7,493,874$0$208,541,740
98$284,167,568$7,625,460$0$229,544,922
99$312,909,625$7,756,072$0$252,682,681
100$344,575,715$7,885,429$0$278,172,535