Can I retire at age 45 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$158,552$157,140$155,762$154,417$153,103$149,645
2 years$78,491$77,029$75,612$74,239$72,906$69,441
3 years$51,808$50,339$48,926$47,566$46,255$42,890
4 years$38,468$37,005$35,606$34,268$32,989$29,752
5 years$30,467$29,012$27,632$26,321$25,078$21,976
6 years$25,135$23,691$22,330$21,049$19,843$16,881
7 years$21,327$19,895$18,557$17,306$16,138$13,315
8 years$18,473$17,054$15,738$14,517$13,388$10,703
9 years$16,254$14,849$13,555$12,366$11,275$8,727
10 years$14,480$13,088$11,817$10,659$9,607$7,192
11 years$13,029$11,652$10,404$9,277$8,262$5,978
12 years$11,822$10,458$9,233$8,137$7,160$5,003
13 years$10,800$9,451$8,249$7,184$6,243$4,210
14 years$9,926$8,591$7,412$6,377$5,473$3,558
15 years$9,168$7,848$6,692$5,687$4,819$3,019
16 years$8,506$7,200$6,067$5,092$4,259$2,569
17 years$7,923$6,631$5,521$4,575$3,776$2,191
18 years$7,405$6,127$5,040$4,123$3,358$1,873
19 years$6,942$5,679$4,614$3,726$2,993$1,605
20 years$6,525$5,277$4,234$3,374$2,673$1,377
21 years$6,149$4,915$3,895$3,062$2,392$1,182
22 years$5,808$4,588$3,590$2,784$2,144$1,017
23 years$5,497$4,291$3,314$2,536$1,925$875
24 years$5,212$4,021$3,065$2,313$1,730$754
25 years$4,950$3,773$2,839$2,112$1,557$650
26 years$4,709$3,546$2,633$1,931$1,402$561
27 years$4,486$3,337$2,445$1,768$1,264$484
28 years$4,279$3,145$2,273$1,620$1,141$418
29 years$4,087$2,967$2,115$1,485$1,030$361
30 years$3,908$2,802$1,970$1,363$931$312
31 years$3,741$2,649$1,837$1,252$841$269
32 years$3,585$2,506$1,714$1,151$761$233
33 years$3,438$2,373$1,600$1,058$689$201
34 years$3,301$2,249$1,495$973$624$174
35 years$3,171$2,134$1,398$896$565$151
36 years$3,049$2,025$1,308$825$512$130
37 years$2,934$1,923$1,224$760$464$113
38 years$2,825$1,828$1,146$701$421$98
39 years$2,723$1,738$1,074$646$381$84
40 years$2,625$1,654$1,006$596$346$73
41 years$2,532$1,574$944$550$314$63
42 years$2,444$1,499$885$508$285$55
43 years$2,361$1,428$831$469$258$47
44 years$2,281$1,362$780$433$235$41
45 years$2,205$1,298$732$400$213$35
46 years$2,133$1,239$688$369$193$31
47 years$2,064$1,182$646$341$176$27
48 years$1,998$1,128$607$315$159$23
49 years$1,935$1,078$571$291$145$20
50 years$1,875$1,029$536$269$132$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,920,000, adding $6,658 every year, while hoping to spend $57,416 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: 71/16/13 Blend
44$1,920,000$1,920,000$1,920,000$1,920,000
45$2,122,708$2,020,948$1,991,188$2,266,990
46$2,278,134$2,058,884$1,996,802$2,401,470
47$2,447,489$2,096,755$2,000,681$2,541,017
48$2,632,133$2,134,496$2,002,704$2,692,261
49$2,833,564$2,172,040$2,002,748$2,856,345
50$3,053,428$2,209,311$2,000,681$3,034,528
51$3,293,541$2,246,229$1,996,366$3,228,197
52$3,555,897$2,282,710$1,989,660$3,438,882
53$3,842,696$2,318,660$1,980,411$3,668,267
54$4,156,358$2,353,981$1,968,461$3,918,207
55$4,499,547$2,388,567$1,953,645$4,190,748
56$4,875,197$2,422,303$1,935,789$4,488,143
57$5,286,539$2,455,068$1,914,710$4,812,874
58$5,737,132$2,486,732$1,890,218$5,167,680
59$6,230,893$2,517,156$1,862,114$5,555,575
60$6,772,138$2,546,190$1,830,189$5,979,883
61$7,365,619$2,573,676$1,794,223$6,444,267
62$8,016,571$2,599,445$1,753,988$6,952,764
63$8,730,759$2,623,316$1,709,245$7,509,822
64$9,514,535$2,645,096$1,659,743$8,120,344
65$10,374,892$2,664,581$1,605,219$8,789,734
66$11,319,537$2,681,551$1,545,399$9,523,947
67$12,356,957$2,695,775$1,479,998$10,329,549
68$13,496,503$2,707,005$1,408,715$11,213,773
69$14,748,476$2,714,977$1,331,236$12,184,592
70$16,124,223$2,719,414$1,247,235$13,250,795
71$17,636,246$2,720,016$1,156,369$14,422,067
72$19,298,316$2,716,470$1,058,280$15,709,083
73$21,125,607$2,708,440$952,596$17,123,610
74$23,134,836$2,695,571$838,925$18,678,615
75$25,344,421$2,677,486$716,860$20,388,391
76$27,774,653$2,653,783$585,976$22,268,690
77$30,447,889$2,624,041$445,828$24,336,875
78$33,388,763$2,587,807$295,952$26,612,081
79$36,624,414$2,544,607$135,864$29,115,399
80$40,184,746$2,493,935$0$31,870,074
81$44,102,708$2,435,256$0$34,906,577
82$48,414,605$2,368,004$0$38,268,721
83$53,160,438$2,291,580$0$41,968,836
84$58,384,284$2,205,348$0$46,041,303
85$64,134,708$2,108,638$0$50,524,007
86$70,465,226$2,000,738$0$55,458,700
87$77,434,803$1,880,898$0$60,891,391
88$85,108,413$1,748,323$0$66,872,785
89$93,557,653$1,602,172$0$73,458,757
90$102,861,412$1,441,558$0$80,710,883
91$113,106,623$1,265,541$0$88,697,024
92$124,389,076$1,073,129$0$97,491,960
93$136,814,324$863,275$0$107,178,102
94$150,498,682$634,872$0$117,846,271
95$165,570,316$386,750$0$129,596,550
96$182,170,461$117,674$0$142,539,236
97$200,454,749$0$0$156,795,880
98$220,594,675$0$0$172,531,006
99$242,779,220$0$0$189,886,538
100$267,216,631$0$0$209,004,690