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%16.6%
1 years$196,538$194,788$193,080$191,412$189,785$184,672
2 years$97,296$95,484$93,728$92,025$90,374$85,260
3 years$64,220$62,400$60,648$58,961$57,337$52,381
4 years$47,685$45,871$44,136$42,478$40,893$36,134
5 years$37,766$35,963$34,252$32,627$31,086$26,536
6 years$31,156$29,367$27,680$26,092$24,597$20,262
7 years$26,437$24,662$23,003$21,452$20,004$15,882
8 years$22,899$21,140$19,508$17,996$16,596$12,686
9 years$20,148$18,406$16,802$15,328$13,976$10,274
10 years$17,949$16,224$14,649$13,213$11,908$8,410
11 years$16,151$14,443$12,896$11,499$10,241$6,942
12 years$14,654$12,964$11,445$10,086$8,875$5,768
13 years$13,388$11,715$10,226$8,905$7,739$4,817
14 years$12,304$10,649$9,188$7,905$6,784$4,041
15 years$11,365$9,728$8,295$7,050$5,973$3,402
16 years$10,544$8,925$7,521$6,312$5,279$2,872
17 years$9,821$8,220$6,844$5,671$4,681$2,431
18 years$9,179$7,595$6,247$5,111$4,162$2,062
19 years$8,605$7,039$5,719$4,618$3,710$1,751
20 years$8,089$6,541$5,249$4,183$3,314$1,490
21 years$7,623$6,093$4,828$3,796$2,965$1,269
22 years$7,199$5,688$4,450$3,452$2,658$1,082
23 years$6,814$5,319$4,108$3,143$2,386$923
24 years$6,460$4,984$3,800$2,867$2,145$788
25 years$6,136$4,677$3,519$2,618$1,930$674
26 years$5,837$4,396$3,264$2,394$1,738$576
27 years$5,561$4,137$3,031$2,191$1,567$493
28 years$5,305$3,898$2,818$2,008$1,414$422
29 years$5,066$3,678$2,622$1,841$1,277$361
30 years$4,845$3,473$2,442$1,690$1,154$309
31 years$4,638$3,283$2,277$1,552$1,043$265
32 years$4,444$3,107$2,124$1,426$944$227
33 years$4,262$2,942$1,983$1,311$854$194
34 years$4,092$2,788$1,853$1,207$773$166
35 years$3,931$2,645$1,733$1,111$700$143
36 years$3,780$2,510$1,621$1,023$634$122
37 years$3,637$2,384$1,517$943$575$105
38 years$3,502$2,266$1,421$869$521$90
39 years$3,375$2,155$1,331$801$473$77
40 years$3,254$2,050$1,248$739$429$66
41 years$3,139$1,951$1,170$682$389$57
42 years$3,030$1,858$1,097$629$353$49
43 years$2,926$1,771$1,030$581$320$42
44 years$2,828$1,688$967$536$291$36
45 years$2,734$1,609$908$495$264$31
46 years$2,644$1,535$852$457$240$26
47 years$2,559$1,465$801$423$218$22
48 years$2,477$1,399$753$391$198$19
49 years$2,399$1,336$707$361$180$17
50 years$2,324$1,276$665$334$163$14

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 $2,581 every year, while hoping to spend $58,955 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: 61/33/6 Blend
44$2,380,000$2,380,000$2,380,000$2,380,000
45$2,625,422$2,499,282$2,462,392$2,782,517
46$2,830,488$2,559,019$2,482,155$2,947,528
47$3,054,494$2,619,708$2,500,603$3,120,421
48$3,299,311$2,681,332$2,517,632$3,307,544
49$3,566,996$2,743,873$2,533,128$3,510,267
50$3,859,817$2,807,310$2,546,976$3,730,100
51$4,180,269$2,871,619$2,559,050$3,968,704
52$4,531,099$2,936,771$2,569,221$4,227,910
53$4,915,334$3,002,736$2,577,353$4,509,731
54$5,336,306$3,069,478$2,583,302$4,816,387
55$5,797,685$3,136,958$2,586,918$5,150,323
56$6,303,513$3,205,132$2,588,043$5,514,230
57$6,858,240$3,273,953$2,586,512$5,911,074
58$7,466,770$3,343,366$2,582,150$6,344,122
59$8,134,504$3,413,314$2,574,775$6,816,973
60$8,867,389$3,483,733$2,564,196$7,333,591
61$9,671,978$3,554,551$2,550,212$7,898,346
62$10,555,489$3,625,693$2,532,613$8,516,048
63$11,525,873$3,697,076$2,511,180$9,192,002
64$12,591,888$3,768,609$2,485,680$9,932,049
65$13,763,184$3,840,194$2,455,874$10,742,627
66$15,050,390$3,911,724$2,421,506$11,630,830
67$16,465,216$3,983,086$2,382,314$12,604,473
68$18,020,565$4,054,154$2,338,018$13,672,169
69$19,730,651$4,124,795$2,288,330$14,843,410
70$21,611,133$4,194,865$2,232,944$16,128,653
71$23,679,264$4,264,210$2,171,544$17,539,425
72$25,954,055$4,332,662$2,103,796$19,088,424
73$28,456,448$4,400,042$2,029,353$20,789,648
74$31,209,521$4,466,159$1,947,851$22,658,519
75$34,238,698$4,530,807$1,858,911$24,712,035
76$37,571,995$4,593,766$1,762,133$26,968,928
77$41,240,277$4,654,799$1,657,104$29,449,838
78$45,277,556$4,713,656$1,543,388$32,177,517
79$49,721,308$4,770,065$1,420,532$35,177,033
80$54,612,823$4,823,740$1,288,061$38,476,015
81$59,997,601$4,874,373$1,145,481$42,104,913
82$65,925,775$4,921,637$992,274$46,097,282
83$72,452,589$4,965,182$827,900$50,490,103
84$79,638,913$5,004,635$651,795$55,324,131
85$87,551,821$5,039,601$463,369$60,644,282
86$96,265,222$5,069,657$262,007$66,500,055
87$105,860,558$5,094,354$47,068$72,946,003
88$116,427,572$5,113,214$0$80,042,244
89$128,065,152$5,125,729$0$87,866,707
90$140,882,267$5,131,360$0$96,484,715
91$154,998,993$5,129,532$0$105,973,771
92$170,547,648$5,119,636$0$116,422,609
93$187,674,037$5,101,027$0$127,929,019
94$206,538,828$5,073,017$0$140,600,769
95$227,319,073$5,034,879$0$154,556,624
96$250,209,871$4,985,841$0$169,927,467
97$275,426,215$4,925,084$0$186,857,537
98$303,205,016$4,851,740$0$205,505,790
99$333,807,343$4,764,891$0$226,047,403
100$367,520,882$4,663,561$0$248,675,430