Can I retire at age 45 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$156,074$154,684$153,328$152,004$150,711$148,705
2 years$77,265$75,826$74,431$73,079$71,767$69,749
3 years$50,998$49,553$48,162$46,822$45,532$43,565
4 years$37,867$36,427$35,049$33,733$32,474$30,573
5 years$29,991$28,559$27,200$25,910$24,686$22,856
6 years$24,742$23,320$21,981$20,720$19,533$17,777
7 years$20,994$19,585$18,267$17,035$15,886$14,204
8 years$18,184$16,788$15,492$14,291$13,179$11,572
9 years$16,000$14,617$13,343$12,172$11,098$9,565
10 years$14,254$12,884$11,633$10,493$9,456$7,995
11 years$12,826$11,470$10,241$9,132$8,133$6,743
12 years$11,637$10,295$9,089$8,010$7,048$5,727
13 years$10,632$9,303$8,120$7,071$6,146$4,893
14 years$9,771$8,456$7,296$6,277$5,387$4,200
15 years$9,025$7,725$6,587$5,598$4,743$3,620
16 years$8,373$7,088$5,972$5,013$4,192$3,131
17 years$7,799$6,527$5,435$4,504$3,717$2,715
18 years$7,289$6,032$4,961$4,059$3,305$2,360
19 years$6,833$5,590$4,542$3,667$2,946$2,056
20 years$6,424$5,195$4,168$3,322$2,631$1,795
21 years$6,053$4,839$3,834$3,015$2,355$1,569
22 years$5,717$4,517$3,534$2,741$2,111$1,373
23 years$5,411$4,224$3,263$2,496$1,895$1,203
24 years$5,130$3,958$3,017$2,277$1,703$1,055
25 years$4,873$3,714$2,795$2,079$1,532$926
26 years$4,635$3,491$2,592$1,901$1,380$814
27 years$4,416$3,285$2,407$1,740$1,245$715
28 years$4,212$3,096$2,237$1,594$1,123$629
29 years$4,023$2,920$2,082$1,462$1,014$554
30 years$3,847$2,758$1,939$1,342$916$488
31 years$3,683$2,607$1,808$1,232$828$430
32 years$3,529$2,467$1,687$1,133$749$379
33 years$3,385$2,336$1,575$1,041$678$334
34 years$3,249$2,214$1,472$958$614$294
35 years$3,122$2,100$1,376$882$556$259
36 years$3,002$1,993$1,287$812$504$229
37 years$2,888$1,893$1,205$749$457$202
38 years$2,781$1,799$1,128$690$414$178
39 years$2,680$1,711$1,057$636$375$157
40 years$2,584$1,628$991$587$341$139
41 years$2,493$1,550$929$541$309$122
42 years$2,406$1,476$871$500$280$108
43 years$2,324$1,406$818$461$254$95
44 years$2,246$1,340$768$426$231$84
45 years$2,171$1,278$721$393$210$74
46 years$2,100$1,219$677$363$190$66
47 years$2,032$1,164$636$336$173$58
48 years$1,967$1,111$598$310$157$51
49 years$1,905$1,061$562$287$143$45
50 years$1,845$1,013$528$265$129$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,890,000, adding $3,768 every year, while hoping to spend $30,772 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: 71/13/16 Blend
44$1,890,000$1,890,000$1,890,000$1,890,000
45$2,086,667$1,986,497$1,957,202$2,226,864
46$2,266,766$2,051,094$1,990,027$2,385,096
47$2,464,203$2,117,825$2,022,920$2,554,202
48$2,680,715$2,186,762$2,055,852$2,738,541
49$2,918,215$2,257,980$2,088,789$2,939,616
50$3,178,807$2,331,555$2,121,698$3,159,079
51$3,464,812$2,407,568$2,154,541$3,398,751
52$3,778,786$2,486,101$2,187,281$3,660,634
53$4,123,542$2,567,241$2,219,875$3,946,938
54$4,502,182$2,651,074$2,252,280$4,260,092
55$4,918,121$2,737,694$2,284,448$4,602,774
56$5,375,123$2,827,194$2,316,331$4,977,934
57$5,877,333$2,919,674$2,347,875$5,388,819
58$6,429,318$3,015,235$2,379,026$5,839,007
59$7,036,108$3,113,981$2,409,723$6,332,441
60$7,703,248$3,216,023$2,439,906$6,873,461
61$8,436,844$3,321,473$2,469,507$7,466,850
62$9,243,625$3,430,448$2,498,458$8,117,877
63$10,131,003$3,543,068$2,526,684$8,832,348
64$11,107,146$3,659,459$2,554,109$9,616,656
65$12,181,053$3,779,751$2,580,651$10,477,847
66$13,362,640$3,904,078$2,606,222$11,423,684
67$14,662,831$4,032,580$2,630,732$12,462,718
68$16,093,663$4,165,400$2,654,085$13,604,370
69$17,668,400$4,302,687$2,676,180$14,859,023
70$19,401,655$4,444,598$2,696,910$16,238,114
71$21,309,531$4,591,290$2,716,164$17,754,245
72$23,409,772$4,742,931$2,733,823$19,421,303
73$25,721,926$4,899,693$2,749,764$21,254,587
74$28,267,538$5,061,753$2,763,857$23,270,955
75$31,070,344$5,229,296$2,775,963$25,488,984
76$34,156,501$5,402,514$2,785,940$27,929,140
77$37,554,832$5,581,604$2,793,637$30,613,977
78$41,297,094$5,766,773$2,798,893$33,568,345
79$45,418,285$5,958,232$2,801,543$36,819,629
80$49,956,968$6,156,202$2,801,412$40,398,002
81$54,955,635$6,360,913$2,798,316$44,336,713
82$60,461,113$6,572,601$2,792,063$48,672,400
83$66,525,000$6,791,512$2,782,450$53,445,434
84$73,204,154$7,017,900$2,769,267$58,700,304
85$80,561,230$7,252,029$2,752,290$64,486,031
86$88,665,271$7,494,174$2,731,287$70,856,634
87$97,592,358$7,744,619$2,706,015$77,871,639
88$107,426,330$8,003,656$2,676,217$85,596,643
89$118,259,573$8,271,593$2,641,628$94,103,927
90$130,193,893$8,548,744$2,601,966$103,473,143
91$143,341,477$8,835,439$2,556,938$113,792,067
92$157,825,950$9,132,018$2,506,238$125,157,419
93$173,783,544$9,438,835$2,449,545$137,675,787
94$191,364,382$9,756,254$2,386,521$151,464,624
95$210,733,896$10,084,657$2,316,816$166,653,362
96$232,074,386$10,424,438$2,240,062$183,384,628
97$255,586,743$10,776,005$2,155,874$201,815,598
98$281,492,345$11,139,784$2,063,850$222,119,473
99$310,035,145$11,516,214$1,963,570$244,487,117
100$341,483,973$11,905,752$1,854,593$269,128,859