Can I retire at age 45 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$160,203$158,776$157,384$156,025$154,698$153,274
2 years$79,309$77,832$76,400$75,012$73,666$72,231
3 years$52,347$50,864$49,436$48,061$46,737$45,336
4 years$38,869$37,390$35,977$34,625$33,333$31,976
5 years$30,784$29,314$27,919$26,596$25,339$24,031
6 years$25,396$23,937$22,563$21,269$20,050$18,792
7 years$21,549$20,103$18,750$17,486$16,306$15,099
8 years$18,665$17,232$15,901$14,669$13,527$12,371
9 years$16,423$15,003$13,696$12,494$11,392$10,286
10 years$14,631$13,225$11,940$10,770$9,707$8,650
11 years$13,165$11,773$10,512$9,373$8,348$7,340
12 years$11,945$10,567$9,329$8,222$7,234$6,274
13 years$10,913$9,549$8,335$7,259$6,308$5,395
14 years$10,029$8,680$7,489$6,443$5,530$4,662
15 years$9,264$7,929$6,762$5,746$4,869$4,046
16 years$8,595$7,275$6,130$5,145$4,303$3,523
17 years$8,005$6,700$5,578$4,623$3,816$3,077
18 years$7,482$6,191$5,092$4,166$3,393$2,694
19 years$7,014$5,738$4,662$3,765$3,024$2,364
20 years$6,593$5,332$4,278$3,409$2,701$2,078
21 years$6,213$4,967$3,935$3,094$2,417$1,830
22 years$5,868$4,636$3,627$2,813$2,167$1,614
23 years$5,554$4,336$3,349$2,562$1,945$1,425
24 years$5,266$4,063$3,097$2,337$1,748$1,260
25 years$5,002$3,813$2,869$2,134$1,573$1,115
26 years$4,758$3,583$2,660$1,951$1,417$987
27 years$4,533$3,372$2,470$1,786$1,277$875
28 years$4,324$3,178$2,297$1,637$1,153$776
29 years$4,130$2,998$2,137$1,501$1,041$688
30 years$3,949$2,831$1,991$1,377$940$611
31 years$3,780$2,676$1,856$1,265$850$543
32 years$3,622$2,532$1,732$1,163$769$482
33 years$3,474$2,398$1,617$1,069$696$428
34 years$3,335$2,273$1,511$984$630$381
35 years$3,204$2,156$1,412$905$571$339
36 years$3,081$2,046$1,321$834$517$301
37 years$2,965$1,943$1,237$768$469$268
38 years$2,855$1,847$1,158$708$425$239
39 years$2,751$1,756$1,085$653$385$212
40 years$2,652$1,671$1,017$602$350$189
41 years$2,559$1,591$954$556$317$168
42 years$2,470$1,515$894$513$288$150
43 years$2,385$1,443$839$473$261$133
44 years$2,305$1,376$788$437$237$119
45 years$2,228$1,312$740$404$215$106
46 years$2,155$1,251$695$373$195$94
47 years$2,086$1,194$653$345$177$84
48 years$2,019$1,140$613$318$161$75
49 years$1,955$1,089$577$294$146$67
50 years$1,894$1,040$542$272$133$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,940,000, adding $2,640 every year, while hoping to spend $33,179 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: 66/11/23 Blend
44$1,940,000$1,940,000$1,940,000$1,940,000
45$2,140,603$2,037,783$2,007,713$2,269,068
46$2,323,642$2,102,332$2,039,669$2,420,298
47$2,524,240$2,168,932$2,071,584$2,581,557
48$2,744,151$2,237,649$2,103,421$2,757,092
49$2,985,310$2,308,549$2,135,141$2,948,308
50$3,249,847$2,381,703$2,166,703$3,156,753
51$3,540,107$2,457,183$2,198,064$3,384,131
52$3,858,676$2,535,062$2,229,177$3,632,319
53$4,208,399$2,615,419$2,259,993$3,903,385
54$4,592,412$2,698,331$2,290,459$4,199,605
55$5,014,170$2,783,880$2,320,521$4,523,490
56$5,477,476$2,872,152$2,350,119$4,877,802
57$5,986,524$2,963,232$2,379,193$5,265,585
58$6,545,930$3,057,212$2,407,677$5,690,193
59$7,160,782$3,154,182$2,435,502$6,155,321
60$7,836,685$3,254,240$2,462,594$6,665,038
61$8,579,814$3,357,485$2,488,878$7,223,829
62$9,396,971$3,464,017$2,514,271$7,836,635
63$10,295,651$3,573,944$2,538,688$8,508,899
64$11,284,113$3,687,372$2,562,040$9,246,618
65$12,371,454$3,804,415$2,584,230$10,056,399
66$13,567,700$3,925,189$2,605,159$10,945,525
67$14,883,895$4,049,813$2,624,721$11,922,017
68$16,332,209$4,178,410$2,642,806$12,994,713
69$17,926,051$4,311,109$2,659,297$14,173,355
70$19,680,195$4,448,040$2,674,071$15,468,675
71$21,610,921$4,589,341$2,686,998$16,892,496
72$23,736,167$4,735,150$2,697,945$18,457,851
73$26,075,697$4,885,614$2,706,767$20,179,098
74$28,651,290$5,040,881$2,713,316$22,072,058
75$31,486,944$5,201,106$2,717,434$24,154,166
76$34,609,101$5,366,449$2,718,956$26,444,633
77$38,046,898$5,537,074$2,717,710$28,964,631
78$41,832,442$5,713,151$2,713,514$31,737,487
79$46,001,112$5,894,856$2,706,177$34,788,908
80$50,591,891$6,082,370$2,695,500$38,147,221
81$55,647,738$6,275,880$2,681,273$41,843,644
82$61,215,988$6,475,579$2,663,277$45,912,574
83$67,348,804$6,681,667$2,641,282$50,391,919
84$74,103,664$6,894,351$2,615,046$55,323,451
85$81,543,906$7,113,842$2,584,319$60,753,201
86$89,739,325$7,340,361$2,548,834$66,731,896
87$98,766,832$7,574,134$2,508,316$73,315,435
88$108,711,178$7,815,397$2,462,474$80,565,419
89$119,665,757$8,064,390$2,411,006$88,549,729
90$131,733,484$8,321,364$2,353,594$97,343,172
91$145,027,766$8,586,578$2,289,905$107,028,183
92$159,673,574$8,860,296$2,219,594$117,695,605
93$175,808,624$9,142,796$2,142,296$129,445,545
94$193,584,672$9,434,362$2,057,631$142,388,323
95$213,168,949$9,735,286$1,965,202$156,645,509
96$234,745,740$10,045,873$1,864,594$172,351,073
97$258,518,120$10,366,436$1,755,373$189,652,649
98$284,709,875$10,697,298$1,637,085$208,712,932
99$313,567,611$11,038,794$1,509,255$229,711,208
100$345,363,082$11,391,269$1,371,390$252,845,053