Can I retire at age 45 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$188,280$186,603$184,967$183,370$181,810$176,984
2 years$93,208$91,472$89,790$88,159$86,576$81,748
3 years$61,521$59,778$58,100$56,484$54,928$50,248
4 years$45,681$43,943$42,282$40,694$39,175$34,680
5 years$36,180$34,452$32,812$31,257$29,780$25,482
6 years$29,847$28,133$26,517$24,996$23,564$19,467
7 years$25,326$23,626$22,036$20,551$19,164$15,268
8 years$21,936$20,252$18,688$17,239$15,898$12,202
9 years$19,302$17,633$16,096$14,684$13,389$9,889
10 years$17,195$15,542$14,033$12,658$11,408$8,100
11 years$15,472$13,836$12,354$11,016$9,811$6,690
12 years$14,038$12,419$10,964$9,663$8,502$5,562
13 years$12,825$11,223$9,796$8,531$7,414$4,649
14 years$11,787$10,201$8,802$7,573$6,499$3,902
15 years$10,887$9,319$7,947$6,753$5,722$3,287
16 years$10,101$8,550$7,205$6,047$5,057$2,778
17 years$9,408$7,874$6,556$5,433$4,484$2,352
18 years$8,793$7,276$5,985$4,896$3,987$1,997
19 years$8,243$6,744$5,479$4,424$3,554$1,697
20 years$7,749$6,266$5,028$4,007$3,174$1,445
21 years$7,302$5,837$4,625$3,637$2,841$1,232
22 years$6,897$5,449$4,263$3,307$2,546$1,051
23 years$6,527$5,096$3,936$3,011$2,286$898
24 years$6,189$4,775$3,640$2,747$2,054$767
25 years$5,878$4,481$3,371$2,508$1,849$656
26 years$5,592$4,211$3,127$2,293$1,665$561
27 years$5,327$3,963$2,903$2,099$1,501$481
28 years$5,082$3,734$2,699$1,923$1,355$412
29 years$4,854$3,523$2,512$1,764$1,223$353
30 years$4,641$3,327$2,340$1,619$1,105$302
31 years$4,443$3,145$2,181$1,487$999$259
32 years$4,257$2,976$2,035$1,366$904$222
33 years$4,083$2,818$1,900$1,256$818$190
34 years$3,920$2,671$1,775$1,156$741$163
35 years$3,766$2,534$1,660$1,064$671$140
36 years$3,621$2,405$1,553$980$608$120
37 years$3,484$2,284$1,453$903$551$103
38 years$3,355$2,171$1,361$832$499$88
39 years$3,233$2,064$1,275$767$453$76
40 years$3,117$1,964$1,195$708$411$65
41 years$3,007$1,869$1,121$653$373$56
42 years$2,903$1,780$1,051$603$338$48
43 years$2,803$1,696$986$556$307$41
44 years$2,709$1,617$926$514$279$35
45 years$2,619$1,542$869$474$253$30
46 years$2,533$1,471$817$438$230$26
47 years$2,451$1,404$767$405$209$22
48 years$2,373$1,340$721$374$189$19
49 years$2,298$1,280$678$346$172$16
50 years$2,226$1,222$637$320$156$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,280,000, adding $6,165 every year, while hoping to spend $40,299 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: 70/13/17 Blend
44$2,280,000$2,280,000$2,280,000$2,280,000
45$2,518,919$2,398,079$2,362,739$2,684,711
46$2,732,971$2,472,707$2,399,013$2,870,490
47$2,967,506$2,549,641$2,435,152$3,068,364
48$3,224,570$2,628,952$2,471,108$3,283,912
49$3,506,417$2,710,712$2,506,831$3,518,875
50$3,815,530$2,794,996$2,542,269$3,775,169
51$4,154,644$2,881,881$2,577,364$4,054,904
52$4,526,771$2,971,445$2,612,059$4,360,403
53$4,935,227$3,063,772$2,646,288$4,694,227
54$5,383,668$3,158,944$2,679,987$5,059,193
55$5,876,119$3,257,049$2,713,083$5,458,408
56$6,417,014$3,358,176$2,745,502$5,895,290
57$7,011,238$3,462,416$2,777,166$6,373,607
58$7,664,174$3,569,863$2,807,991$6,897,509
59$8,381,750$3,680,617$2,837,888$7,471,566
60$9,170,497$3,794,775$2,866,766$8,100,816
61$10,037,611$3,912,443$2,894,526$8,790,806
62$10,991,020$4,033,725$2,921,065$9,547,647
63$12,039,459$4,158,732$2,946,275$10,378,074
64$13,192,550$4,287,576$2,970,042$11,289,505
65$14,460,895$4,420,373$2,992,244$12,290,114
66$15,856,177$4,557,242$3,012,755$13,388,907
67$17,391,267$4,698,306$3,031,441$14,595,804
68$19,080,345$4,843,692$3,048,163$15,921,740
69$20,939,036$4,993,530$3,062,773$17,378,758
70$22,984,558$5,147,953$3,075,116$18,980,131
71$25,235,880$5,307,099$3,085,030$20,740,482
72$27,713,904$5,471,112$3,092,343$22,675,926
73$30,441,662$5,640,135$3,096,875$24,804,217
74$33,444,530$5,814,321$3,098,439$27,144,918
75$36,750,472$5,993,822$3,096,837$29,719,588
76$40,390,300$6,178,800$3,091,861$32,551,979
77$44,397,966$6,369,416$3,083,294$35,668,268
78$48,810,881$6,565,840$3,070,907$39,097,295
79$53,670,270$6,768,245$3,054,461$42,870,845
80$59,021,558$6,976,809$3,033,706$47,023,937
81$64,914,800$7,191,716$3,008,378$51,595,165
82$71,405,154$7,413,154$2,978,203$56,627,053
83$78,553,398$7,641,318$2,942,892$62,166,464
84$86,426,509$7,876,407$2,902,142$68,265,036
85$95,098,288$8,118,625$2,855,639$74,979,674
86$104,650,061$8,368,185$2,803,050$82,373,082
87$115,171,444$8,625,304$2,744,030$90,514,361
88$126,761,192$8,890,204$2,678,216$99,479,656
89$139,528,125$9,163,116$2,605,228$109,352,876
90$153,592,161$9,444,275$2,524,669$120,226,488
91$169,085,441$9,733,924$2,436,125$132,202,389
92$186,153,582$10,032,313$2,339,162$145,392,863
93$204,957,048$10,339,698$2,233,325$159,921,650
94$225,672,666$10,656,342$2,118,140$175,925,105
95$248,495,292$10,982,516$1,993,112$193,553,492
96$273,639,653$11,318,500$1,857,722$212,972,397
97$301,342,369$11,664,579$1,711,428$234,364,296
98$331,864,195$12,021,047$1,553,664$257,930,274
99$365,492,471$12,388,207$1,383,840$283,891,924
100$402,543,842$12,766,368$1,201,338$312,493,441