Can I retire at age 45 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$237,828$235,709$233,642$231,625$229,655$227,826
2 years$117,736$115,544$113,419$111,358$109,360$107,516
3 years$77,711$75,509$73,389$71,348$69,382$67,581
4 years$57,703$55,507$53,409$51,402$49,484$47,739
5 years$45,701$43,518$41,447$39,482$37,617$35,933
6 years$37,702$35,536$33,496$31,574$29,765$28,145
7 years$31,991$29,843$27,835$25,959$24,207$22,651
8 years$27,709$25,581$23,606$21,776$20,082$18,591
9 years$24,381$22,273$20,332$18,548$16,912$15,484
10 years$21,720$19,632$17,726$15,989$14,410$13,045
11 years$19,544$17,478$15,606$13,915$12,393$11,091
12 years$17,732$15,687$13,850$12,205$10,739$9,498
13 years$16,200$14,176$12,374$10,776$9,365$8,183
14 years$14,888$12,886$11,118$9,565$8,209$7,085
15 years$13,752$11,772$10,038$8,531$7,228$6,161
16 years$12,759$10,800$9,101$7,638$6,388$5,376
17 years$11,884$9,947$8,281$6,863$5,664$4,705
18 years$11,107$9,191$7,560$6,185$5,036$4,128
19 years$10,413$8,518$6,921$5,589$4,489$3,630
20 years$9,788$7,916$6,351$5,062$4,010$3,199
21 years$9,224$7,373$5,842$4,594$3,588$2,823
22 years$8,712$6,882$5,384$4,177$3,216$2,495
23 years$8,245$6,437$4,972$3,804$2,887$2,208
24 years$7,818$6,031$4,598$3,469$2,595$1,957
25 years$7,425$5,660$4,259$3,168$2,335$1,735
26 years$7,063$5,319$3,950$2,897$2,103$1,540
27 years$6,729$5,006$3,668$2,652$1,896$1,368
28 years$6,419$4,717$3,409$2,429$1,711$1,216
29 years$6,131$4,450$3,173$2,228$1,545$1,082
30 years$5,862$4,203$2,955$2,045$1,396$962
31 years$5,612$3,973$2,755$1,878$1,262$857
32 years$5,377$3,759$2,571$1,726$1,142$763
33 years$5,158$3,560$2,400$1,587$1,033$680
34 years$4,951$3,374$2,243$1,460$936$606
35 years$4,757$3,200$2,097$1,344$847$540
36 years$4,574$3,038$1,961$1,238$768$482
37 years$4,401$2,885$1,836$1,141$696$430
38 years$4,238$2,742$1,719$1,051$631$383
39 years$4,084$2,607$1,611$969$572$342
40 years$3,937$2,480$1,510$894$519$305
41 years$3,799$2,361$1,416$825$471$273
42 years$3,667$2,249$1,328$761$427$243
43 years$3,541$2,143$1,246$703$388$217
44 years$3,422$2,042$1,170$649$352$194
45 years$3,308$1,948$1,098$599$319$173
46 years$3,200$1,858$1,031$554$290$155
47 years$3,096$1,773$969$511$263$138
48 years$2,997$1,693$911$473$239$123
49 years$2,902$1,616$856$437$217$110
50 years$2,812$1,544$805$404$197$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,880,000, adding $2,679 every year, while hoping to spend $43,337 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: 64/11/25 Blend
44$2,880,000$2,880,000$2,880,000$2,880,000
45$3,176,523$3,023,883$2,979,243$3,358,808
46$3,454,419$3,125,943$3,032,938$3,584,315
47$3,759,207$3,231,552$3,086,979$3,825,540
48$4,093,585$3,340,837$3,141,331$4,088,142
49$4,460,524$3,453,932$3,195,960$4,374,224
50$4,863,297$3,570,974$3,250,824$4,686,099
51$5,305,508$3,692,107$3,305,882$5,026,315
52$5,791,129$3,817,479$3,361,088$5,397,678
53$6,324,534$3,947,245$3,416,394$5,803,279
54$6,910,542$4,081,565$3,471,748$6,246,523
55$7,554,460$4,220,605$3,527,095$6,731,157
56$8,262,139$4,364,538$3,582,376$7,261,312
57$9,040,020$4,513,544$3,637,528$7,841,536
58$9,895,201$4,667,807$3,692,485$8,476,840
59$10,835,504$4,827,522$3,747,176$9,172,743
60$11,869,544$4,992,889$3,801,525$9,935,327
61$13,006,814$5,164,117$3,855,452$10,771,289
62$14,257,772$5,341,422$3,908,873$11,688,010
63$15,633,943$5,525,030$3,961,698$12,693,620
64$17,148,022$5,715,173$4,013,832$13,797,075
65$18,813,999$5,912,095$4,065,174$15,008,244
66$20,647,287$6,116,048$4,115,618$16,338,000
67$22,664,870$6,327,294$4,165,051$17,798,322
68$24,885,461$6,546,105$4,213,354$19,402,409
69$27,329,678$6,772,764$4,260,401$21,164,804
70$30,020,241$7,007,565$4,306,060$23,101,529
71$32,982,183$7,250,814$4,350,192$25,230,241
72$36,243,091$7,502,829$4,392,647$27,570,392
73$39,833,357$7,763,939$4,433,272$30,143,418
74$43,786,475$8,034,487$4,471,903$32,972,938
75$48,139,350$8,314,832$4,508,366$36,084,978
76$52,932,648$8,605,342$4,542,480$39,508,213
77$58,211,179$8,906,405$4,574,054$43,274,244
78$64,024,321$9,218,421$4,602,887$47,417,891
79$70,426,486$9,541,807$4,628,767$51,977,522
80$77,477,629$9,876,998$4,651,473$56,995,415
81$85,243,819$10,224,443$4,670,770$62,518,161
82$93,797,861$10,584,613$4,686,412$68,597,097
83$103,219,978$10,957,994$4,698,143$75,288,794
84$113,598,576$11,345,096$4,705,690$82,655,591
85$125,031,071$11,746,445$4,708,771$90,766,182
86$137,624,811$12,162,592$4,707,086$99,696,264
87$151,498,091$12,594,109$4,700,323$109,529,253
88$166,781,265$13,041,589$4,688,152$120,357,070
89$183,617,980$13,505,653$4,670,231$132,281,008
90$202,166,528$13,986,944$4,646,198$145,412,690
91$222,601,343$14,486,133$4,615,674$159,875,121
92$245,114,644$15,003,917$4,578,264$175,803,847
93$269,918,253$15,541,025$4,533,551$193,348,238
94$297,245,590$16,098,210$4,481,100$212,672,897
95$327,353,880$16,676,262$4,420,456$233,959,213
96$360,526,576$17,275,999$4,351,142$257,407,071
97$397,076,039$17,898,275$4,272,657$283,236,744
98$437,346,483$18,543,979$4,184,480$311,690,966
99$481,717,226$19,214,036$4,086,062$343,037,229
100$530,606,270$19,909,410$3,976,831$377,570,305