Can I retire at age 45 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$180,022$178,419$176,854$175,327$173,836$171,735
2 years$89,120$87,460$85,852$84,292$82,779$80,665
3 years$58,823$57,156$55,552$54,007$52,519$50,456
4 years$43,678$42,016$40,427$38,909$37,457$35,463
5 years$34,593$32,941$31,373$29,886$28,474$26,554
6 years$28,538$26,899$25,354$23,900$22,530$20,687
7 years$24,215$22,590$21,070$19,649$18,323$16,557
8 years$20,974$19,363$17,869$16,483$15,201$13,511
9 years$18,455$16,859$15,390$14,040$12,801$11,188
10 years$16,441$14,861$13,418$12,103$10,907$9,369
11 years$14,794$13,230$11,813$10,533$9,381$7,916
12 years$13,422$11,874$10,483$9,239$8,129$6,736
13 years$12,263$10,731$9,366$8,157$7,089$5,766
14 years$11,270$9,754$8,416$7,240$6,214$4,960
15 years$10,410$8,910$7,598$6,457$5,471$4,284
16 years$9,658$8,175$6,889$5,782$4,836$3,712
17 years$8,996$7,529$6,269$5,195$4,288$3,226
18 years$8,407$6,957$5,722$4,682$3,812$2,811
19 years$7,882$6,448$5,239$4,230$3,398$2,454
20 years$7,409$5,992$4,808$3,831$3,035$2,147
21 years$6,982$5,581$4,422$3,477$2,716$1,880
22 years$6,594$5,210$4,076$3,162$2,435$1,650
23 years$6,241$4,872$3,763$2,879$2,185$1,449
24 years$5,918$4,565$3,480$2,626$1,964$1,274
25 years$5,620$4,284$3,223$2,398$1,768$1,121
26 years$5,347$4,026$2,990$2,193$1,592$987
27 years$5,093$3,789$2,776$2,007$1,435$870
28 years$4,859$3,571$2,581$1,839$1,295$767
29 years$4,641$3,369$2,402$1,686$1,170$677
30 years$4,438$3,181$2,237$1,548$1,057$597
31 years$4,248$3,007$2,086$1,421$955$527
32 years$4,070$2,846$1,946$1,306$864$466
33 years$3,904$2,695$1,817$1,201$782$412
34 years$3,748$2,554$1,698$1,105$708$364
35 years$3,601$2,422$1,587$1,017$641$322
36 years$3,462$2,299$1,485$937$581$284
37 years$3,332$2,184$1,390$863$527$252
38 years$3,208$2,075$1,301$796$478$223
39 years$3,091$1,973$1,219$734$433$197
40 years$2,980$1,878$1,143$677$393$174
41 years$2,875$1,787$1,072$624$356$154
42 years$2,775$1,702$1,005$576$323$136
43 years$2,681$1,622$943$532$293$121
44 years$2,590$1,546$885$491$266$107
45 years$2,504$1,474$831$454$242$95
46 years$2,422$1,406$781$419$220$84
47 years$2,344$1,342$734$387$199$74
48 years$2,269$1,281$689$358$181$66
49 years$2,197$1,223$648$331$164$58
50 years$2,128$1,169$609$306$149$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,180,000, adding $2,849 every year, while hoping to spend $48,438 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: 65/8/27 Blend
44$2,180,000$2,180,000$2,180,000$2,180,000
45$2,405,299$2,289,759$2,255,969$2,544,356
46$2,599,102$2,350,419$2,280,006$2,699,293
47$2,811,049$2,412,429$2,303,225$2,862,923
48$3,042,940$2,475,802$2,325,548$3,040,706
49$3,296,757$2,540,553$2,346,890$3,234,042
50$3,574,682$2,606,696$2,367,166$3,444,469
51$3,879,116$2,674,241$2,386,284$3,673,684
52$4,212,708$2,743,201$2,404,146$3,923,558
53$4,578,370$2,813,584$2,420,651$4,196,149
54$4,979,313$2,885,399$2,435,692$4,493,728
55$5,419,072$2,958,652$2,449,156$4,818,796
56$5,901,540$3,033,348$2,460,926$5,174,111
57$6,431,005$3,109,491$2,470,875$5,562,709
58$7,012,193$3,187,081$2,478,875$5,987,938
59$7,650,306$3,266,118$2,484,787$6,453,488
60$8,351,078$3,346,597$2,488,467$6,963,424
61$9,120,822$3,428,515$2,489,765$7,522,227
62$9,966,494$3,511,861$2,488,521$8,134,835
63$10,895,759$3,596,625$2,484,569$8,806,689
64$11,917,059$3,682,791$2,477,734$9,543,787
65$13,039,694$3,770,343$2,467,833$10,352,740
66$14,273,911$3,859,258$2,454,673$11,240,831
67$15,630,999$3,949,511$2,438,055$12,216,090
68$17,123,397$4,041,073$2,417,765$13,287,363
69$18,764,807$4,133,909$2,393,584$14,464,403
70$20,570,328$4,227,982$2,365,280$15,757,957
71$22,556,595$4,323,246$2,332,610$17,179,869
72$24,741,936$4,419,654$2,295,321$18,743,194
73$27,146,546$4,517,149$2,253,147$20,462,317
74$29,792,675$4,615,671$2,205,809$22,353,096
75$32,704,841$4,715,152$2,153,016$24,433,004
76$35,910,057$4,815,516$2,094,465$26,721,300
77$39,438,089$4,916,683$2,029,835$29,239,211
78$43,321,734$5,018,560$1,958,795$32,010,128
79$47,597,131$5,121,049$1,880,994$35,059,834
80$52,304,101$5,224,043$1,796,070$38,416,740
81$57,486,521$5,327,424$1,703,641$42,112,161
82$63,192,742$5,431,063$1,603,308$46,180,608
83$69,476,039$5,534,822$1,494,656$50,660,115
84$76,395,118$5,638,552$1,377,250$55,592,600
85$84,014,667$5,742,088$1,250,636$61,024,259
86$92,405,969$5,845,256$1,114,337$67,006,004
87$101,647,570$5,947,866$967,860$73,593,946
88$111,826,025$6,049,714$810,686$80,849,920
89$123,036,710$6,150,580$642,274$88,842,077
90$135,384,724$6,250,228$462,060$97,645,523
91$148,985,882$6,348,405$269,455$107,343,029
92$163,967,802$6,444,837$63,842$118,025,816
93$180,471,117$6,539,234$0$129,794,414
94$198,650,797$6,631,282$0$142,804,438
95$218,677,610$6,720,646$0$157,155,707
96$240,739,737$6,806,969$0$172,964,570
97$265,044,547$6,889,868$0$190,379,533
98$291,820,553$6,968,933$0$209,564,244
99$321,319,567$7,043,728$0$230,699,038
100$353,819,080$7,113,789$0$253,982,640