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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$237,828$235,709$233,642$231,625$229,655$223,379
2 years$117,736$115,544$113,419$111,358$109,360$103,082
3 years$77,711$75,509$73,389$71,348$69,382$63,300
4 years$57,703$55,507$53,409$51,402$49,484$43,644
5 years$45,701$43,518$41,447$39,482$37,617$32,035
6 years$37,702$35,536$33,496$31,574$29,765$24,447
7 years$31,991$29,843$27,835$25,959$24,207$19,152
8 years$27,709$25,581$23,606$21,776$20,082$15,288
9 years$24,381$22,273$20,332$18,548$16,912$12,375
10 years$21,720$19,632$17,726$15,989$14,410$10,123
11 years$19,544$17,478$15,606$13,915$12,393$8,350
12 years$17,732$15,687$13,850$12,205$10,739$6,933
13 years$16,200$14,176$12,374$10,776$9,365$5,787
14 years$14,888$12,886$11,118$9,565$8,209$4,851
15 years$13,752$11,772$10,038$8,531$7,228$4,081
16 years$12,759$10,800$9,101$7,638$6,388$3,443
17 years$11,884$9,947$8,281$6,863$5,664$2,912
18 years$11,107$9,191$7,560$6,185$5,036$2,468
19 years$10,413$8,518$6,921$5,589$4,489$2,095
20 years$9,788$7,916$6,351$5,062$4,010$1,781
21 years$9,224$7,373$5,842$4,594$3,588$1,516
22 years$8,712$6,882$5,384$4,177$3,216$1,291
23 years$8,245$6,437$4,972$3,804$2,887$1,101
24 years$7,818$6,031$4,598$3,469$2,595$939
25 years$7,425$5,660$4,259$3,168$2,335$802
26 years$7,063$5,319$3,950$2,897$2,103$685
27 years$6,729$5,006$3,668$2,652$1,896$586
28 years$6,419$4,717$3,409$2,429$1,711$501
29 years$6,131$4,450$3,173$2,228$1,545$428
30 years$5,862$4,203$2,955$2,045$1,396$366
31 years$5,612$3,973$2,755$1,878$1,262$313
32 years$5,377$3,759$2,571$1,726$1,142$268
33 years$5,158$3,560$2,400$1,587$1,033$230
34 years$4,951$3,374$2,243$1,460$936$197
35 years$4,757$3,200$2,097$1,344$847$168
36 years$4,574$3,038$1,961$1,238$768$144
37 years$4,401$2,885$1,836$1,141$696$123
38 years$4,238$2,742$1,719$1,051$631$106
39 years$4,084$2,607$1,611$969$572$91
40 years$3,937$2,480$1,510$894$519$78
41 years$3,799$2,361$1,416$825$471$66
42 years$3,667$2,249$1,328$761$427$57
43 years$3,541$2,143$1,246$703$388$49
44 years$3,422$2,042$1,170$649$352$42
45 years$3,308$1,948$1,098$599$319$36
46 years$3,200$1,858$1,031$554$290$31
47 years$3,096$1,773$969$511$263$26
48 years$2,997$1,693$911$473$239$23
49 years$2,902$1,616$856$437$217$19
50 years$2,812$1,544$805$404$197$17

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 $5,647 every year, while hoping to spend $56,123 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: 44/27/29 Blend
44$2,880,000$2,880,000$2,880,000$2,880,000
45$3,179,585$3,026,945$2,982,305$3,292,485
46$3,444,188$3,115,551$3,022,498$3,462,373
47$3,733,900$3,206,617$3,062,156$3,640,655
48$4,051,222$3,300,206$3,101,202$3,832,860
49$4,398,909$3,396,379$3,139,556$4,040,317
50$4,779,997$3,495,200$3,177,129$4,264,489
51$5,197,826$3,596,734$3,213,832$4,506,988
52$5,656,076$3,701,046$3,249,568$4,769,588
53$6,158,803$3,808,204$3,284,235$5,054,245
54$6,710,470$3,918,276$3,317,727$5,363,109
55$7,315,997$4,031,331$3,349,930$5,698,553
56$7,980,802$4,147,438$3,380,725$6,063,187
57$8,710,851$4,266,670$3,409,987$6,459,887
58$9,512,719$4,389,099$3,437,583$6,891,823
59$10,393,649$4,514,797$3,463,374$7,362,485
60$11,361,619$4,643,840$3,487,215$7,875,719
61$12,425,418$4,776,301$3,508,950$8,435,763
62$13,594,729$4,912,259$3,528,419$9,047,284
63$14,880,220$5,051,788$3,545,450$9,715,426
64$16,293,645$5,194,968$3,559,864$10,445,856
65$17,847,951$5,341,876$3,571,475$11,244,820
66$19,557,406$5,492,592$3,580,083$12,119,198
67$21,437,728$5,647,195$3,585,482$13,076,572
68$23,506,235$5,805,767$3,587,454$14,125,297
69$25,782,008$5,968,386$3,585,771$15,274,581
70$28,286,071$6,135,135$3,580,193$16,534,568
71$31,041,589$6,306,096$3,570,468$17,916,438
72$34,074,085$6,481,349$3,556,333$19,432,513
73$37,411,683$6,660,977$3,537,512$21,096,368
74$41,085,371$6,845,060$3,513,714$22,922,966
75$45,129,292$7,033,681$3,484,637$24,928,794
76$49,581,069$7,226,921$3,449,961$27,132,024
77$54,482,158$7,424,860$3,409,355$29,552,680
78$59,878,238$7,627,579$3,362,469$32,212,828
79$65,819,644$7,835,156$3,308,937$35,136,789
80$72,361,839$8,047,669$3,248,377$38,351,363
81$79,565,939$8,265,197$3,180,390$41,886,087
82$87,499,287$8,487,814$3,104,555$45,773,509
83$96,236,091$8,715,594$3,020,435$50,049,503
84$105,858,124$8,948,610$2,927,571$54,753,600
85$116,455,492$9,186,931$2,825,484$59,929,369
86$128,127,486$9,430,624$2,713,672$65,624,823
87$140,983,520$9,679,755$2,591,610$71,892,875
88$155,144,161$9,934,385$2,458,751$78,791,841
89$170,742,267$10,194,572$2,314,521$86,385,985
90$187,924,242$10,460,370$2,158,321$94,746,131
91$206,851,416$10,731,829$1,989,526$103,950,334
92$227,701,567$11,008,995$1,807,482$114,084,611
93$250,670,600$11,291,909$1,611,506$125,243,759
94$275,974,394$11,580,605$1,400,883$137,532,252
95$303,850,839$11,875,112$1,174,870$151,065,221
96$334,562,084$12,175,452$932,688$165,969,553
97$368,397,008$12,481,640$673,524$182,385,078
98$405,673,945$12,793,683$396,530$200,465,901
99$446,743,695$13,111,581$100,821$220,381,851
100$491,992,825$13,435,322$0$242,320,088