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%13.9%
1 years$156,074$154,684$153,328$152,004$150,711$148,276
2 years$77,265$75,826$74,431$73,079$71,767$69,320
3 years$50,998$49,553$48,162$46,822$45,532$43,150
4 years$37,867$36,427$35,049$33,733$32,474$30,174
5 years$29,991$28,559$27,200$25,910$24,686$22,476
6 years$24,742$23,320$21,981$20,720$19,533$17,416
7 years$20,994$19,585$18,267$17,035$15,886$13,861
8 years$18,184$16,788$15,492$14,291$13,179$11,246
9 years$16,000$14,617$13,343$12,172$11,098$9,257
10 years$14,254$12,884$11,633$10,493$9,456$7,705
11 years$12,826$11,470$10,241$9,132$8,133$6,470
12 years$11,637$10,295$9,089$8,010$7,048$5,471
13 years$10,632$9,303$8,120$7,071$6,146$4,652
14 years$9,771$8,456$7,296$6,277$5,387$3,975
15 years$9,025$7,725$6,587$5,598$4,743$3,410
16 years$8,373$7,088$5,972$5,013$4,192$2,934
17 years$7,799$6,527$5,435$4,504$3,717$2,532
18 years$7,289$6,032$4,961$4,059$3,305$2,190
19 years$6,833$5,590$4,542$3,667$2,946$1,898
20 years$6,424$5,195$4,168$3,322$2,631$1,648
21 years$6,053$4,839$3,834$3,015$2,355$1,433
22 years$5,717$4,517$3,534$2,741$2,111$1,248
23 years$5,411$4,224$3,263$2,496$1,895$1,087
24 years$5,130$3,958$3,017$2,277$1,703$949
25 years$4,873$3,714$2,795$2,079$1,532$828
26 years$4,635$3,491$2,592$1,901$1,380$724
27 years$4,416$3,285$2,407$1,740$1,245$633
28 years$4,212$3,096$2,237$1,594$1,123$553
29 years$4,023$2,920$2,082$1,462$1,014$484
30 years$3,847$2,758$1,939$1,342$916$424
31 years$3,683$2,607$1,808$1,232$828$371
32 years$3,529$2,467$1,687$1,133$749$325
33 years$3,385$2,336$1,575$1,041$678$285
34 years$3,249$2,214$1,472$958$614$250
35 years$3,122$2,100$1,376$882$556$219
36 years$3,002$1,993$1,287$812$504$192
37 years$2,888$1,893$1,205$749$457$168
38 years$2,781$1,799$1,128$690$414$148
39 years$2,680$1,711$1,057$636$375$130
40 years$2,584$1,628$991$587$341$114
41 years$2,493$1,550$929$541$309$100
42 years$2,406$1,476$871$500$280$87
43 years$2,324$1,406$818$461$254$77
44 years$2,246$1,340$768$426$231$67
45 years$2,171$1,278$721$393$210$59
46 years$2,100$1,219$677$363$190$52
47 years$2,032$1,164$636$336$173$46
48 years$1,967$1,111$598$310$157$40
49 years$1,905$1,061$562$287$143$35
50 years$1,845$1,013$528$265$129$31

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 $6,589 every year, while hoping to spend $48,074 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: 73/14/13 Blend
44$1,890,000$1,890,000$1,890,000$1,890,000
45$2,089,577$1,989,407$1,960,112$2,235,913
46$2,251,563$2,035,737$1,974,625$2,379,944
47$2,428,461$2,082,727$1,988,013$2,531,089
48$2,621,740$2,130,357$2,000,188$2,695,347
49$2,833,020$2,178,606$2,011,056$2,874,006
50$3,064,082$2,227,452$2,020,521$3,068,483
51$3,316,888$2,276,866$2,028,478$3,280,337
52$3,593,598$2,326,821$2,034,820$3,511,290
53$3,896,593$2,377,283$2,039,434$3,763,234
54$4,228,491$2,428,215$2,042,200$4,038,255
55$4,592,177$2,479,578$2,042,994$4,338,653
56$4,990,830$2,531,328$2,041,685$4,666,960
57$5,427,948$2,583,416$2,038,135$5,025,965
58$5,907,386$2,635,791$2,032,200$5,418,742
59$6,433,388$2,688,394$2,023,728$5,848,677
60$7,010,632$2,741,163$2,012,561$6,319,503
61$7,644,267$2,794,031$1,998,532$6,835,329
62$8,339,967$2,846,924$1,981,468$7,400,687
63$9,103,983$2,899,761$1,961,186$8,020,569
64$9,943,198$2,952,459$1,937,494$8,700,473
65$10,865,197$3,004,922$1,910,193$9,446,463
66$11,878,335$3,057,052$1,879,073$10,265,216
67$12,991,818$3,108,740$1,843,915$11,164,092
68$14,215,785$3,159,870$1,804,488$12,151,201
69$15,561,410$3,210,318$1,760,553$13,235,481
70$17,041,000$3,259,949$1,711,857$14,426,780
71$18,668,116$3,308,621$1,658,139$15,735,951
72$20,457,700$3,356,180$1,599,122$17,174,955
73$22,426,212$3,402,459$1,534,520$18,756,971
74$24,591,790$3,447,285$1,464,031$20,496,523
75$26,974,418$3,490,467$1,387,341$22,409,619
76$29,596,113$3,531,804$1,304,121$24,513,896
77$32,481,135$3,571,081$1,214,028$26,828,795
78$35,656,216$3,608,069$1,116,703$29,375,737
79$39,150,807$3,642,522$1,011,770$32,178,331
80$42,997,364$3,674,180$898,839$35,262,592
81$47,231,644$3,702,763$777,499$38,657,193
82$51,893,050$3,727,977$647,323$42,393,729
83$57,024,999$3,749,506$507,866$46,507,023
84$62,675,330$3,767,013$358,661$51,035,448
85$68,896,759$3,780,142$199,222$56,021,294
86$75,747,373$3,788,514$29,041$61,511,167
87$83,291,179$3,791,724$0$67,556,427
88$91,598,707$3,789,346$0$74,234,839
89$100,747,675$3,780,924$0$81,593,292
90$110,823,724$3,765,975$0$89,696,577
91$121,921,222$3,743,987$0$98,620,535
92$134,144,161$3,714,416$0$108,448,741
93$147,607,128$3,676,686$0$119,273,292
94$162,436,397$3,630,185$0$131,195,679
95$178,771,111$3,574,266$0$144,327,744
96$196,764,602$3,508,242$0$158,792,732
97$216,585,832$3,431,386$0$174,726,462
98$238,420,991$3,342,929$0$192,278,602
99$262,475,254$3,242,054$0$211,614,087
100$288,974,715$3,127,900$0$232,914,672