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 $4,550 every year, while hoping to spend $46,105 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: 28/42/30 Blend
44$2,080,000$2,080,000$2,080,000$2,080,000
45$2,296,853$2,186,613$2,154,373$2,339,781
46$2,482,077$2,244,702$2,177,489$2,432,875
47$2,684,648$2,304,092$2,199,835$2,528,566
48$2,906,288$2,364,798$2,221,335$2,630,461
49$3,148,891$2,426,834$2,241,911$2,739,127
50$3,414,543$2,490,215$2,261,480$2,855,189
51$3,705,542$2,554,951$2,279,956$2,979,333
52$4,024,419$2,621,055$2,297,246$3,112,318
53$4,373,960$2,688,537$2,313,254$3,254,977
54$4,757,235$2,757,406$2,327,879$3,408,230
55$5,177,623$2,827,669$2,341,013$3,573,091
56$5,638,848$2,899,332$2,352,544$3,750,676
57$6,145,010$2,972,400$2,362,354$3,942,216
58$6,700,628$3,046,874$2,370,320$4,149,068
59$7,310,677$3,122,756$2,376,310$4,372,726
60$7,980,638$3,200,043$2,380,189$4,614,840
61$8,716,550$3,278,731$2,381,812$4,877,226
62$9,525,064$3,358,815$2,381,029$5,161,888
63$10,413,508$3,440,285$2,377,681$5,471,032
64$11,389,956$3,523,129$2,371,603$5,807,095
65$12,463,301$3,607,332$2,362,622$6,172,760
66$13,643,342$3,692,876$2,350,553$6,570,985
67$14,940,874$3,779,737$2,335,208$7,005,033
68$16,367,789$3,867,891$2,316,384$7,478,500
69$17,937,194$3,957,308$2,293,873$7,995,352
70$19,663,524$4,047,952$2,267,453$8,559,960
71$21,562,686$4,139,785$2,236,897$9,177,143
72$23,652,209$4,232,762$2,201,961$9,852,217
73$25,951,401$4,326,835$2,162,394$10,591,040
74$28,481,541$4,421,947$2,117,931$11,400,070
75$31,266,073$4,518,037$2,068,296$12,286,429
76$34,330,829$4,615,037$2,013,201$13,257,969
77$37,704,272$4,712,872$1,952,341$14,323,345
78$41,417,764$4,811,460$1,885,401$15,492,100
79$45,505,864$4,910,709$1,812,050$16,774,756
80$50,006,650$5,010,522$1,731,941$18,182,911
81$54,962,080$5,110,789$1,644,714$19,729,352
82$60,418,389$5,211,395$1,549,988$21,428,177
83$66,426,522$5,312,211$1,447,370$23,294,926
84$73,042,617$5,413,099$1,336,447$25,346,734
85$80,328,532$5,513,908$1,216,786$27,602,487
86$88,352,430$5,614,478$1,087,936$30,083,007
87$97,189,424$5,714,633$949,428$32,811,247
88$106,922,280$5,814,185$800,768$35,812,512
89$117,642,202$5,912,929$641,443$39,114,694
90$129,449,693$6,010,649$470,918$42,748,542
91$142,455,499$6,107,108$288,631$46,747,952
92$156,781,659$6,202,055$93,999$51,150,287
93$172,562,651$6,295,219$0$55,996,735
94$189,946,666$6,386,310$0$61,369,093
95$209,097,004$6,475,017$0$67,315,486
96$230,193,613$6,561,007$0$73,861,170
97$253,434,791$6,643,926$0$81,067,172
98$279,039,053$6,723,393$0$89,000,750
99$307,247,199$6,799,001$0$97,736,022
100$338,324,580$6,870,319$0$107,354,674