Can I retire at age 45 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$196,538$194,788$193,080$191,412$189,785$184,004
2 years$97,296$95,484$93,728$92,025$90,374$84,600
3 years$64,220$62,400$60,648$58,961$57,337$51,750
4 years$47,685$45,871$44,136$42,478$40,893$35,537
5 years$37,766$35,963$34,252$32,627$31,086$25,975
6 years$31,156$29,367$27,680$26,092$24,597$19,735
7 years$26,437$24,662$23,003$21,452$20,004$15,391
8 years$22,899$21,140$19,508$17,996$16,596$12,228
9 years$20,148$18,406$16,802$15,328$13,976$9,850
10 years$17,949$16,224$14,649$13,213$11,908$8,018
11 years$16,151$14,443$12,896$11,499$10,241$6,580
12 years$14,654$12,964$11,445$10,086$8,875$5,434
13 years$13,388$11,715$10,226$8,905$7,739$4,511
14 years$12,304$10,649$9,188$7,905$6,784$3,761
15 years$11,365$9,728$8,295$7,050$5,973$3,146
16 years$10,544$8,925$7,521$6,312$5,279$2,639
17 years$9,821$8,220$6,844$5,671$4,681$2,219
18 years$9,179$7,595$6,247$5,111$4,162$1,869
19 years$8,605$7,039$5,719$4,618$3,710$1,577
20 years$8,089$6,541$5,249$4,183$3,314$1,333
21 years$7,623$6,093$4,828$3,796$2,965$1,127
22 years$7,199$5,688$4,450$3,452$2,658$954
23 years$6,814$5,319$4,108$3,143$2,386$809
24 years$6,460$4,984$3,800$2,867$2,145$686
25 years$6,136$4,677$3,519$2,618$1,930$582
26 years$5,837$4,396$3,264$2,394$1,738$494
27 years$5,561$4,137$3,031$2,191$1,567$419
28 years$5,305$3,898$2,818$2,008$1,414$356
29 years$5,066$3,678$2,622$1,841$1,277$303
30 years$4,845$3,473$2,442$1,690$1,154$257
31 years$4,638$3,283$2,277$1,552$1,043$219
32 years$4,444$3,107$2,124$1,426$944$186
33 years$4,262$2,942$1,983$1,311$854$158
34 years$4,092$2,788$1,853$1,207$773$134
35 years$3,931$2,645$1,733$1,111$700$114
36 years$3,780$2,510$1,621$1,023$634$97
37 years$3,637$2,384$1,517$943$575$83
38 years$3,502$2,266$1,421$869$521$70
39 years$3,375$2,155$1,331$801$473$60
40 years$3,254$2,050$1,248$739$429$51
41 years$3,139$1,951$1,170$682$389$43
42 years$3,030$1,858$1,097$629$353$37
43 years$2,926$1,771$1,030$581$320$31
44 years$2,828$1,688$967$536$291$27
45 years$2,734$1,609$908$495$264$23
46 years$2,644$1,535$852$457$240$19
47 years$2,559$1,465$801$423$218$16
48 years$2,477$1,399$753$391$198$14
49 years$2,399$1,336$707$361$180$12
50 years$2,324$1,276$665$334$163$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,380,000, adding $3,940 every year, while hoping to spend $38,463 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: 75/19/6 Blend
44$2,380,000$2,380,000$2,380,000$2,380,000
45$2,626,824$2,500,684$2,463,794$2,821,904
46$2,853,836$2,582,293$2,505,407$3,032,326
47$3,102,714$2,666,612$2,547,125$3,257,530
48$3,375,647$2,753,733$2,588,910$3,503,181
49$3,675,048$2,843,751$2,630,724$3,771,291
50$4,003,574$2,936,765$2,672,523$4,064,072
51$4,364,149$3,032,878$2,714,264$4,383,961
52$4,759,998$3,132,195$2,755,897$4,733,639
53$5,194,671$3,234,825$2,797,373$5,116,059
54$5,672,079$3,340,883$2,838,636$5,534,474
55$6,196,530$3,450,485$2,879,630$5,992,465
56$6,772,771$3,563,754$2,920,292$6,493,975
57$7,406,030$3,680,815$2,960,559$7,043,347
58$8,102,069$3,801,798$3,000,361$7,645,363
59$8,867,234$3,926,840$3,039,627$8,305,293
60$9,708,516$4,056,079$3,078,279$9,028,938
61$10,633,619$4,189,661$3,116,235$9,822,688
62$11,651,029$4,327,736$3,153,410$10,693,583
63$12,770,098$4,470,459$3,189,714$11,649,376
64$14,001,128$4,617,992$3,225,049$12,698,610
65$15,355,470$4,770,500$3,259,315$13,850,693
66$16,845,631$4,928,158$3,292,405$15,115,990
67$18,485,392$5,091,144$3,324,207$16,505,920
68$20,289,935$5,259,644$3,354,602$18,033,060
69$22,275,992$5,433,849$3,383,464$19,711,271
70$24,461,996$5,613,960$3,410,663$21,555,818
71$26,868,258$5,800,183$3,436,059$23,583,523
72$29,517,160$5,992,732$3,459,506$25,812,918
73$32,433,362$6,191,828$3,480,852$28,264,418
74$35,644,039$6,397,702$3,499,934$30,960,520
75$39,179,133$6,610,591$3,516,584$33,926,009
76$43,071,638$6,830,743$3,530,623$37,188,191
77$47,357,910$7,058,414$3,541,863$40,777,156
78$52,078,010$7,293,869$3,550,109$44,726,054
79$57,276,082$7,537,384$3,555,152$49,071,414
80$63,000,770$7,789,243$3,556,778$53,853,482
81$69,305,675$8,049,743$3,554,757$59,116,607
82$76,249,865$8,319,191$3,548,852$64,909,652
83$83,898,424$8,597,905$3,538,811$71,286,460
84$92,323,075$8,886,214$3,524,374$78,306,358
85$101,602,852$9,184,462$3,505,263$86,034,720
86$111,824,844$9,493,002$3,481,191$94,543,579
87$123,085,023$9,812,204$3,451,856$103,912,309
88$135,489,143$10,142,449$3,416,940$114,228,374
89$149,153,740$10,484,133$3,376,112$125,588,149
90$164,207,234$10,837,669$3,329,025$138,097,835
91$180,791,139$11,203,481$3,275,314$151,874,455
92$199,061,397$11,582,014$3,214,599$167,046,961
93$219,189,853$11,973,726$3,146,481$183,757,449
94$241,365,873$12,379,094$3,070,544$202,162,501
95$265,798,135$12,798,612$2,986,350$222,434,661
96$292,716,595$13,232,795$2,893,443$244,764,062
97$322,374,661$13,682,175$2,791,346$269,360,221
98$355,051,580$14,147,305$2,679,560$296,454,019
99$391,055,078$14,628,759$2,557,562$326,299,871
100$430,724,261$15,127,134$2,424,806$359,178,136