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%12.6%
1 years$196,538$194,788$193,080$191,412$189,785$187,724
2 years$97,296$95,484$93,728$92,025$90,374$88,299
3 years$64,220$62,400$60,648$58,961$57,337$55,313
4 years$47,685$45,871$44,136$42,478$40,893$38,935
5 years$37,766$35,963$34,252$32,627$31,086$29,200
6 years$31,156$29,367$27,680$26,092$24,597$22,785
7 years$26,437$24,662$23,003$21,452$20,004$18,266
8 years$22,899$21,140$19,508$17,996$16,596$14,932
9 years$20,148$18,406$16,802$15,328$13,976$12,386
10 years$17,949$16,224$14,649$13,213$11,908$10,391
11 years$16,151$14,443$12,896$11,499$10,241$8,796
12 years$14,654$12,964$11,445$10,086$8,875$7,500
13 years$13,388$11,715$10,226$8,905$7,739$6,432
14 years$12,304$10,649$9,188$7,905$6,784$5,544
15 years$11,365$9,728$8,295$7,050$5,973$4,798
16 years$10,544$8,925$7,521$6,312$5,279$4,166
17 years$9,821$8,220$6,844$5,671$4,681$3,628
18 years$9,179$7,595$6,247$5,111$4,162$3,168
19 years$8,605$7,039$5,719$4,618$3,710$2,772
20 years$8,089$6,541$5,249$4,183$3,314$2,430
21 years$7,623$6,093$4,828$3,796$2,965$2,133
22 years$7,199$5,688$4,450$3,452$2,658$1,876
23 years$6,814$5,319$4,108$3,143$2,386$1,651
24 years$6,460$4,984$3,800$2,867$2,145$1,455
25 years$6,136$4,677$3,519$2,618$1,930$1,283
26 years$5,837$4,396$3,264$2,394$1,738$1,133
27 years$5,561$4,137$3,031$2,191$1,567$1,001
28 years$5,305$3,898$2,818$2,008$1,414$885
29 years$5,066$3,678$2,622$1,841$1,277$782
30 years$4,845$3,473$2,442$1,690$1,154$692
31 years$4,638$3,283$2,277$1,552$1,043$613
32 years$4,444$3,107$2,124$1,426$944$543
33 years$4,262$2,942$1,983$1,311$854$481
34 years$4,092$2,788$1,853$1,207$773$426
35 years$3,931$2,645$1,733$1,111$700$378
36 years$3,780$2,510$1,621$1,023$634$335
37 years$3,637$2,384$1,517$943$575$297
38 years$3,502$2,266$1,421$869$521$263
39 years$3,375$2,155$1,331$801$473$233
40 years$3,254$2,050$1,248$739$429$207
41 years$3,139$1,951$1,170$682$389$184
42 years$3,030$1,858$1,097$629$353$163
43 years$2,926$1,771$1,030$581$320$145
44 years$2,828$1,688$967$536$291$128
45 years$2,734$1,609$908$495$264$114
46 years$2,644$1,535$852$457$240$101
47 years$2,559$1,465$801$423$218$90
48 years$2,477$1,399$753$391$198$80
49 years$2,399$1,336$707$361$180$71
50 years$2,324$1,276$665$334$163$63

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 $4,045 every year, while hoping to spend $26,495 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: 37/42/21 Blend
44$2,380,000$2,380,000$2,380,000$2,380,000
45$2,626,932$2,500,792$2,463,902$2,707,385
46$2,866,689$2,595,141$2,518,253$2,860,622
47$3,130,013$2,693,224$2,573,536$3,023,260
48$3,419,280$2,795,198$2,629,755$3,198,394
49$3,737,107$2,901,223$2,686,912$3,387,165
50$4,086,378$3,011,469$2,745,010$3,590,822
51$4,470,269$3,126,112$2,804,049$3,810,738
52$4,892,281$3,245,335$2,864,028$4,048,422
53$5,356,268$3,369,331$2,924,947$4,305,530
54$5,866,478$3,498,299$2,986,804$4,583,881
55$6,427,592$3,632,449$3,049,595$4,885,475
56$7,044,765$3,771,998$3,113,315$5,212,510
57$7,723,679$3,917,174$3,177,959$5,567,401
58$8,470,594$4,068,215$3,243,520$5,952,804
59$9,292,405$4,225,368$3,309,989$6,371,638
60$10,196,712$4,388,893$3,377,355$6,827,114
61$11,191,887$4,559,059$3,445,607$7,322,762
62$12,287,157$4,736,150$3,514,732$7,862,464
63$13,492,685$4,920,460$3,584,714$8,450,493
64$14,819,673$5,112,296$3,655,536$9,091,548
65$16,280,461$5,311,981$3,727,178$9,790,797
66$17,888,650$5,519,849$3,799,620$10,553,929
67$19,659,222$5,736,251$3,872,837$11,387,204
68$21,608,689$5,961,554$3,946,804$12,297,508
69$23,755,246$6,196,141$4,021,492$13,292,424
70$26,118,938$6,440,409$4,096,870$14,380,294
71$28,721,859$6,694,778$4,172,903$15,570,302
72$31,588,349$6,959,682$4,249,556$16,872,559
73$34,745,232$7,235,578$4,326,787$18,298,192
74$38,222,065$7,522,941$4,404,555$19,859,455
75$42,051,419$7,822,269$4,482,811$21,569,837
76$46,269,185$8,134,081$4,561,506$23,444,189
77$50,914,911$8,458,920$4,640,586$25,498,865
78$56,032,179$8,797,354$4,719,992$27,751,873
79$61,669,012$9,149,976$4,799,663$30,223,041
80$67,878,331$9,517,404$4,879,531$32,934,206
81$74,718,452$9,900,288$4,959,527$35,909,417
82$82,253,636$10,299,304$5,039,572$39,175,155
83$90,554,696$10,715,159$5,119,588$42,760,591
84$99,699,667$11,148,594$5,199,486$46,697,847
85$109,774,540$11,600,382$5,279,175$51,022,308
86$120,874,073$12,071,330$5,358,557$55,772,946
87$133,102,687$12,562,285$5,437,529$60,992,686
88$146,575,454$13,074,129$5,515,978$66,728,814
89$161,419,176$13,607,787$5,593,789$73,033,413
90$177,773,588$14,164,225$5,670,837$79,963,859
91$195,792,674$14,744,452$5,746,990$87,583,353
92$215,646,122$15,349,525$5,822,110$95,961,518
93$237,520,923$15,980,549$5,896,047$105,175,054
94$261,623,139$16,638,677$5,968,646$115,308,456
95$288,179,846$17,325,119$6,039,743$126,454,808
96$317,441,278$18,041,138$6,109,162$138,716,660
97$349,683,190$18,788,055$6,176,720$152,206,990
98$385,209,458$19,567,253$6,242,223$167,050,268
99$424,354,951$20,380,176$6,305,466$183,383,626
100$467,488,689$21,228,338$6,366,232$201,358,148