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

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$160,203$158,776$157,384$156,025$154,698$150,410
2 years$79,309$77,832$76,400$75,012$73,666$69,377
3 years$52,347$50,864$49,436$48,061$46,737$42,582
4 years$38,869$37,390$35,977$34,625$33,333$29,345
5 years$30,784$29,314$27,919$26,596$25,339$21,528
6 years$25,396$23,937$22,563$21,269$20,050$16,419
7 years$21,549$20,103$18,750$17,486$16,306$12,856
8 years$18,665$17,232$15,901$14,669$13,527$10,256
9 years$16,423$15,003$13,696$12,494$11,392$8,297
10 years$14,631$13,225$11,940$10,770$9,707$6,783
11 years$13,165$11,773$10,512$9,373$8,348$5,592
12 years$11,945$10,567$9,329$8,222$7,234$4,640
13 years$10,913$9,549$8,335$7,259$6,308$3,870
14 years$10,029$8,680$7,489$6,443$5,530$3,242
15 years$9,264$7,929$6,762$5,746$4,869$2,725
16 years$8,595$7,275$6,130$5,145$4,303$2,298
17 years$8,005$6,700$5,578$4,623$3,816$1,942
18 years$7,482$6,191$5,092$4,166$3,393$1,644
19 years$7,014$5,738$4,662$3,765$3,024$1,395
20 years$6,593$5,332$4,278$3,409$2,701$1,185
21 years$6,213$4,967$3,935$3,094$2,417$1,008
22 years$5,868$4,636$3,627$2,813$2,167$858
23 years$5,554$4,336$3,349$2,562$1,945$731
24 years$5,266$4,063$3,097$2,337$1,748$623
25 years$5,002$3,813$2,869$2,134$1,573$532
26 years$4,758$3,583$2,660$1,951$1,417$454
27 years$4,533$3,372$2,470$1,786$1,277$387
28 years$4,324$3,178$2,297$1,637$1,153$331
29 years$4,130$2,998$2,137$1,501$1,041$283
30 years$3,949$2,831$1,991$1,377$940$242
31 years$3,780$2,676$1,856$1,265$850$207
32 years$3,622$2,532$1,732$1,163$769$177
33 years$3,474$2,398$1,617$1,069$696$151
34 years$3,335$2,273$1,511$984$630$129
35 years$3,204$2,156$1,412$905$571$111
36 years$3,081$2,046$1,321$834$517$95
37 years$2,965$1,943$1,237$768$469$81
38 years$2,855$1,847$1,158$708$425$69
39 years$2,751$1,756$1,085$653$385$59
40 years$2,652$1,671$1,017$602$350$51
41 years$2,559$1,591$954$556$317$43
42 years$2,470$1,515$894$513$288$37
43 years$2,385$1,443$839$473$261$32
44 years$2,305$1,376$788$437$237$27
45 years$2,228$1,312$740$404$215$23
46 years$2,155$1,251$695$373$195$20
47 years$2,086$1,194$653$345$177$17
48 years$2,019$1,140$613$318$161$15
49 years$1,955$1,089$577$294$146$13
50 years$1,894$1,040$542$272$133$11

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 $6,075 every year, while hoping to spend $24,027 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: 47/29/24 Blend
44$1,940,000$1,940,000$1,940,000$1,940,000
45$2,144,146$2,041,326$2,011,256$2,229,963
46$2,337,285$2,115,787$2,053,069$2,365,254
47$2,549,318$2,193,091$2,095,477$2,509,167
48$2,782,148$2,273,352$2,138,475$2,664,898
49$3,037,870$2,356,688$2,182,057$2,833,569
50$3,318,791$2,443,225$2,226,214$3,016,410
51$3,627,455$2,533,090$2,270,940$3,214,775
52$3,966,663$2,626,419$2,316,223$3,430,153
53$4,339,499$2,723,350$2,362,054$3,664,184
54$4,749,364$2,824,031$2,408,419$3,918,668
55$5,200,004$2,928,612$2,455,305$4,195,589
56$5,695,544$3,037,254$2,502,698$4,497,129
57$6,240,531$3,150,121$2,550,580$4,825,689
58$6,839,974$3,267,386$2,598,933$5,183,911
59$7,499,392$3,389,229$2,647,738$5,574,703
60$8,224,866$3,515,837$2,696,972$6,001,267
61$9,023,095$3,647,405$2,746,613$6,467,126
62$9,901,460$3,784,138$2,796,635$6,976,159
63$10,868,097$3,926,248$2,847,010$7,532,638
64$11,931,965$4,073,957$2,897,707$8,141,264
65$13,102,941$4,227,496$2,948,696$8,807,213
66$14,391,906$4,387,108$2,999,942$9,536,188
67$15,810,847$4,553,043$3,051,406$10,334,463
68$17,372,975$4,725,564$3,103,050$11,208,953
69$19,092,847$4,904,945$3,154,831$12,167,269
70$20,986,503$5,091,473$3,206,704$13,217,794
71$23,071,617$5,285,446$3,258,619$14,369,763
72$25,367,663$5,487,174$3,310,524$15,633,342
73$27,896,103$5,696,984$3,362,365$17,019,734
74$30,680,583$5,915,214$3,414,082$18,541,273
75$33,747,161$6,142,218$3,465,612$20,211,550
76$37,124,551$6,378,365$3,516,889$22,045,531
77$40,844,392$6,624,043$3,567,842$24,059,705
78$44,941,552$6,879,652$3,618,396$26,272,234
79$49,454,448$7,145,613$3,668,471$28,703,125
80$54,425,420$7,422,366$3,717,982$31,374,419
81$59,901,119$7,710,368$3,766,841$34,310,396
82$65,932,954$8,010,098$3,814,951$37,537,807
83$72,577,578$8,322,055$3,862,214$41,086,120
84$79,897,416$8,646,761$3,908,524$44,987,800
85$87,961,261$8,984,760$3,953,768$49,278,617
86$96,844,919$9,336,623$3,997,828$53,997,977
87$106,631,925$9,702,942$4,040,580$59,189,297
88$117,414,335$10,084,339$4,081,893$64,900,411
89$129,293,587$10,481,462$4,121,626$71,184,023
90$142,381,468$10,894,988$4,159,635$78,098,201
91$156,801,160$11,325,625$4,195,766$85,706,924
92$172,688,409$11,774,112$4,229,855$94,080,683
93$190,192,804$12,241,221$4,261,732$103,297,151
94$209,479,188$12,727,758$4,291,218$113,441,907
95$230,729,215$13,234,568$4,318,124$124,609,247
96$254,143,064$13,762,531$4,342,250$136,903,070
97$279,941,328$14,312,567$4,363,387$150,437,859
98$308,367,099$14,885,638$4,381,316$165,339,759
99$339,688,259$15,482,750$4,395,806$181,747,765
100$374,200,011$16,104,954$4,406,615$199,815,036