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%16.9%
1 years$196,538$194,788$193,080$191,412$189,785$184,449
2 years$97,296$95,484$93,728$92,025$90,374$85,039
3 years$64,220$62,400$60,648$58,961$57,337$52,170
4 years$47,685$45,871$44,136$42,478$40,893$35,933
5 years$37,766$35,963$34,252$32,627$31,086$26,348
6 years$31,156$29,367$27,680$26,092$24,597$20,084
7 years$26,437$24,662$23,003$21,452$20,004$15,717
8 years$22,899$21,140$19,508$17,996$16,596$12,531
9 years$20,148$18,406$16,802$15,328$13,976$10,131
10 years$17,949$16,224$14,649$13,213$11,908$8,277
11 years$16,151$14,443$12,896$11,499$10,241$6,819
12 years$14,654$12,964$11,445$10,086$8,875$5,654
13 years$13,388$11,715$10,226$8,905$7,739$4,713
14 years$12,304$10,649$9,188$7,905$6,784$3,946
15 years$11,365$9,728$8,295$7,050$5,973$3,315
16 years$10,544$8,925$7,521$6,312$5,279$2,792
17 years$9,821$8,220$6,844$5,671$4,681$2,358
18 years$9,179$7,595$6,247$5,111$4,162$1,995
19 years$8,605$7,039$5,719$4,618$3,710$1,691
20 years$8,089$6,541$5,249$4,183$3,314$1,436
21 years$7,623$6,093$4,828$3,796$2,965$1,220
22 years$7,199$5,688$4,450$3,452$2,658$1,038
23 years$6,814$5,319$4,108$3,143$2,386$883
24 years$6,460$4,984$3,800$2,867$2,145$753
25 years$6,136$4,677$3,519$2,618$1,930$642
26 years$5,837$4,396$3,264$2,394$1,738$547
27 years$5,561$4,137$3,031$2,191$1,567$467
28 years$5,305$3,898$2,818$2,008$1,414$399
29 years$5,066$3,678$2,622$1,841$1,277$340
30 years$4,845$3,473$2,442$1,690$1,154$291
31 years$4,638$3,283$2,277$1,552$1,043$248
32 years$4,444$3,107$2,124$1,426$944$212
33 years$4,262$2,942$1,983$1,311$854$181
34 years$4,092$2,788$1,853$1,207$773$155
35 years$3,931$2,645$1,733$1,111$700$132
36 years$3,780$2,510$1,621$1,023$634$113
37 years$3,637$2,384$1,517$943$575$97
38 years$3,502$2,266$1,421$869$521$83
39 years$3,375$2,155$1,331$801$473$71
40 years$3,254$2,050$1,248$739$429$61
41 years$3,139$1,951$1,170$682$389$52
42 years$3,030$1,858$1,097$629$353$44
43 years$2,926$1,771$1,030$581$320$38
44 years$2,828$1,688$967$536$291$32
45 years$2,734$1,609$908$495$264$28
46 years$2,644$1,535$852$457$240$24
47 years$2,559$1,465$801$423$218$20
48 years$2,477$1,399$753$391$198$17
49 years$2,399$1,336$707$361$180$15
50 years$2,324$1,276$665$334$163$13

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 $6,476 every year, while hoping to spend $51,617 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: 51/39/10 Blend
44$2,380,000$2,380,000$2,380,000$2,380,000
45$2,629,440$2,503,300$2,466,410$2,756,329
46$2,842,723$2,571,042$2,494,115$2,911,363
47$3,076,030$2,640,373$2,521,017$3,073,760
48$3,331,351$2,711,316$2,547,037$3,249,101
49$3,610,874$2,783,896$2,572,087$3,438,617
50$3,917,009$2,858,133$2,596,078$3,643,663
51$4,252,411$2,934,049$2,618,915$3,865,730
52$4,620,005$3,011,664$2,640,496$4,106,459
53$5,023,009$3,091,000$2,660,716$4,367,658
54$5,464,970$3,172,073$2,679,464$4,651,314
55$5,949,794$3,254,901$2,696,623$4,959,619
56$6,481,783$3,339,502$2,712,070$5,294,985
57$7,065,676$3,425,888$2,725,676$5,660,068
58$7,706,692$3,514,074$2,737,303$6,057,793
59$8,410,583$3,604,072$2,746,811$6,491,382
60$9,183,681$3,695,890$2,754,048$6,964,383
61$10,032,964$3,789,537$2,758,856$7,480,705
62$10,966,120$3,885,017$2,761,071$8,044,653
63$11,991,616$3,982,335$2,760,519$8,660,971
64$13,118,781$4,081,490$2,757,017$9,334,882
65$14,357,894$4,182,480$2,750,374$10,072,143
66$15,720,278$4,285,301$2,740,391$10,879,095
67$17,218,409$4,389,942$2,726,856$11,762,725
68$18,866,030$4,496,393$2,709,549$12,730,730
69$20,678,286$4,604,638$2,688,240$13,791,591
70$22,671,862$4,714,656$2,662,687$14,954,652
71$24,865,141$4,826,423$2,632,636$16,230,209
72$27,278,378$4,939,910$2,597,822$17,629,607
73$29,933,891$5,055,084$2,557,967$19,165,347
74$32,856,269$5,171,904$2,512,780$20,851,201
75$36,072,607$5,290,325$2,461,956$22,702,349
76$39,612,758$5,410,297$2,405,178$24,735,516
77$43,509,619$5,531,761$2,342,111$26,969,130
78$47,799,435$5,654,652$2,272,406$29,423,501
79$52,522,144$5,778,897$2,195,699$32,121,009
80$57,721,756$5,904,417$2,111,608$35,086,314
81$63,446,763$6,031,120$2,019,734$38,346,592
82$69,750,598$6,158,910$1,919,660$41,931,793
83$76,692,140$6,287,678$1,810,950$45,874,917
84$84,336,270$6,417,306$1,693,149$50,212,334
85$92,754,479$6,547,663$1,565,779$54,984,121
86$102,025,546$6,678,610$1,428,343$60,234,446
87$112,236,281$6,809,991$1,280,322$66,011,980
88$123,482,341$6,941,639$1,121,172$72,370,361
89$135,869,135$7,073,375$950,326$79,368,698
90$149,512,817$7,205,000$767,192$87,072,131
91$164,541,383$7,336,304$571,151$95,552,447
92$181,095,878$7,467,057$361,559$104,888,755
93$199,331,726$7,597,011$137,740$115,168,238
94$219,420,199$7,725,902$0$126,486,971
95$241,550,031$7,853,442$0$138,961,623
96$265,929,198$7,979,325$0$152,714,474
97$292,786,883$8,103,219$0$167,859,481
98$322,375,639$8,224,771$0$184,538,439
99$354,973,770$8,343,600$0$202,907,604
100$390,887,958$8,459,300$0$223,139,171