Can I retire at age 45 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$171,764$170,234$168,742$167,285$165,862$160,041
2 years$85,032$83,448$81,913$80,425$78,982$73,178
3 years$56,125$54,534$53,003$51,529$50,109$44,506
4 years$41,674$40,089$38,573$37,124$35,738$30,377
5 years$33,006$31,430$29,934$28,515$27,168$22,064
6 years$27,229$25,665$24,191$22,803$21,497$16,654
7 years$23,104$21,553$20,103$18,748$17,483$12,899
8 years$20,012$18,475$17,049$15,727$14,504$10,176
9 years$17,609$16,086$14,684$13,396$12,214$8,137
10 years$15,687$14,179$12,802$11,548$10,407$6,574
11 years$14,115$12,623$11,271$10,050$8,950$5,353
12 years$12,807$11,329$10,003$8,815$7,756$4,386
13 years$11,700$10,239$8,937$7,782$6,764$3,612
14 years$10,753$9,307$8,030$6,908$5,929$2,986
15 years$9,932$8,502$7,250$6,161$5,220$2,477
16 years$9,215$7,800$6,573$5,517$4,614$2,060
17 years$8,583$7,184$5,981$4,957$4,091$1,716
18 years$8,022$6,638$5,460$4,467$3,637$1,433
19 years$7,520$6,152$4,998$4,036$3,242$1,198
20 years$7,069$5,717$4,587$3,656$2,896$1,003
21 years$6,662$5,325$4,219$3,318$2,591$841
22 years$6,292$4,971$3,889$3,016$2,323$705
23 years$5,955$4,649$3,591$2,747$2,085$592
24 years$5,646$4,356$3,321$2,506$1,874$497
25 years$5,363$4,088$3,076$2,288$1,686$418
26 years$5,101$3,842$2,852$2,092$1,519$351
27 years$4,860$3,616$2,649$1,915$1,370$295
28 years$4,636$3,407$2,462$1,755$1,236$248
29 years$4,428$3,214$2,291$1,609$1,116$209
30 years$4,234$3,035$2,134$1,477$1,008$176
31 years$4,053$2,869$1,990$1,356$912$148
32 years$3,884$2,715$1,857$1,246$825$125
33 years$3,725$2,571$1,733$1,146$746$105
34 years$3,576$2,437$1,620$1,055$676$88
35 years$3,436$2,311$1,514$971$612$74
36 years$3,304$2,194$1,417$894$554$63
37 years$3,179$2,084$1,326$824$503$53
38 years$3,061$1,980$1,242$759$456$44
39 years$2,949$1,883$1,163$700$413$37
40 years$2,844$1,791$1,090$646$375$32
41 years$2,743$1,705$1,022$596$340$27
42 years$2,648$1,624$959$550$309$22
43 years$2,558$1,547$900$508$280$19
44 years$2,471$1,475$845$469$254$16
45 years$2,389$1,407$793$433$231$13
46 years$2,311$1,342$745$400$209$11
47 years$2,236$1,280$700$369$190$9
48 years$2,165$1,222$658$341$173$8
49 years$2,096$1,167$618$315$157$7
50 years$2,031$1,115$581$292$143$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,080,000, adding $5,113 every year, while hoping to spend $58,268 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: 76/8/16 Blend
44$2,080,000$2,080,000$2,080,000$2,080,000
45$2,297,434$2,187,194$2,154,954$2,463,582
46$2,469,776$2,232,370$2,165,148$2,619,237
47$2,657,743$2,277,806$2,173,731$2,782,066
48$2,862,869$2,323,455$2,180,587$2,959,002
49$3,086,840$2,369,262$2,185,595$3,151,434
50$3,331,512$2,415,171$2,188,627$3,360,893
51$3,598,930$2,461,118$2,189,550$3,589,061
52$3,891,345$2,507,037$2,188,224$3,837,796
53$4,211,233$2,552,853$2,184,500$4,109,142
54$4,561,324$2,598,487$2,178,226$4,405,353
55$4,944,621$2,643,855$2,169,238$4,728,910
56$5,364,432$2,688,864$2,157,368$5,082,549
57$5,824,402$2,733,416$2,142,437$5,469,284
58$6,328,541$2,777,403$2,124,259$5,892,434
59$6,881,269$2,820,713$2,102,639$6,355,661
60$7,487,453$2,863,222$2,077,372$6,862,994
61$8,152,452$2,904,800$2,048,243$7,418,879
62$8,882,173$2,945,305$2,015,029$8,028,211
63$9,683,116$2,984,587$1,977,495$8,696,386
64$10,562,448$3,022,485$1,935,394$9,429,349
65$11,528,058$3,058,828$1,888,471$10,233,654
66$12,588,640$3,093,431$1,836,455$11,116,521
67$13,753,770$3,126,098$1,779,065$12,085,907
68$15,033,998$3,156,620$1,716,007$13,150,583
69$16,440,945$3,184,773$1,646,972$14,320,212
70$17,987,416$3,210,321$1,571,640$15,605,445
71$19,687,515$3,233,010$1,489,673$17,018,019
72$21,556,785$3,252,571$1,400,720$18,570,870
73$23,612,346$3,268,715$1,304,413$20,278,252
74$25,873,062$3,281,139$1,200,368$22,155,877
75$28,359,717$3,289,518$1,088,183$24,221,057
76$31,095,211$3,293,507$967,440$26,492,873
77$34,104,773$3,292,740$837,700$28,992,353
78$37,416,203$3,286,827$698,506$31,742,672
79$41,060,130$3,275,356$549,380$34,769,369
80$45,070,303$3,257,888$389,824$38,100,591
81$49,483,909$3,233,959$219,318$41,767,357
82$54,341,919$3,203,075$37,317$45,803,852
83$59,689,482$3,164,713$0$50,247,752
84$65,576,345$3,118,319$0$55,167,362
85$72,057,321$3,063,306$0$60,590,194
86$79,192,810$2,999,051$0$66,560,403
87$87,049,368$2,924,895$0$73,133,673
88$95,700,329$2,840,141$0$80,371,367
89$105,226,504$2,744,049$0$88,341,100
90$115,716,938$2,635,838$0$97,117,385
91$127,269,752$2,514,681$0$106,782,330
92$139,993,069$2,379,702$0$117,426,416
93$154,006,030$2,229,976$0$129,149,347
94$169,439,925$2,064,523$0$142,060,998
95$186,439,422$1,882,311$0$156,282,447
96$205,163,942$1,682,243$0$171,947,116
97$225,789,156$1,463,164$0$189,202,036
98$248,508,644$1,223,853$0$208,209,233
99$273,535,723$963,020$0$229,147,253
100$301,105,459$679,300$0$252,212,855