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%16%
1 years$160,203$158,776$157,384$156,025$154,698$150,897
2 years$79,309$77,832$76,400$75,012$73,666$69,860
3 years$52,347$50,864$49,436$48,061$46,737$43,045
4 years$38,869$37,390$35,977$34,625$33,333$29,783
5 years$30,784$29,314$27,919$26,596$25,339$21,942
6 years$25,396$23,937$22,563$21,269$20,050$16,808
7 years$21,549$20,103$18,750$17,486$16,306$13,221
8 years$18,665$17,232$15,901$14,669$13,527$10,597
9 years$16,423$15,003$13,696$12,494$11,392$8,614
10 years$14,631$13,225$11,940$10,770$9,707$7,077
11 years$13,165$11,773$10,512$9,373$8,348$5,864
12 years$11,945$10,567$9,329$8,222$7,234$4,891
13 years$10,913$9,549$8,335$7,259$6,308$4,102
14 years$10,029$8,680$7,489$6,443$5,530$3,455
15 years$9,264$7,929$6,762$5,746$4,869$2,921
16 years$8,595$7,275$6,130$5,145$4,303$2,477
17 years$8,005$6,700$5,578$4,623$3,816$2,105
18 years$7,482$6,191$5,092$4,166$3,393$1,793
19 years$7,014$5,738$4,662$3,765$3,024$1,530
20 years$6,593$5,332$4,278$3,409$2,701$1,308
21 years$6,213$4,967$3,935$3,094$2,417$1,119
22 years$5,868$4,636$3,627$2,813$2,167$959
23 years$5,554$4,336$3,349$2,562$1,945$822
24 years$5,266$4,063$3,097$2,337$1,748$705
25 years$5,002$3,813$2,869$2,134$1,573$605
26 years$4,758$3,583$2,660$1,951$1,417$520
27 years$4,533$3,372$2,470$1,786$1,277$447
28 years$4,324$3,178$2,297$1,637$1,153$384
29 years$4,130$2,998$2,137$1,501$1,041$331
30 years$3,949$2,831$1,991$1,377$940$285
31 years$3,780$2,676$1,856$1,265$850$245
32 years$3,622$2,532$1,732$1,163$769$211
33 years$3,474$2,398$1,617$1,069$696$182
34 years$3,335$2,273$1,511$984$630$156
35 years$3,204$2,156$1,412$905$571$135
36 years$3,081$2,046$1,321$834$517$116
37 years$2,965$1,943$1,237$768$469$100
38 years$2,855$1,847$1,158$708$425$86
39 years$2,751$1,756$1,085$653$385$74
40 years$2,652$1,671$1,017$602$350$64
41 years$2,559$1,591$954$556$317$55
42 years$2,470$1,515$894$513$288$47
43 years$2,385$1,443$839$473$261$41
44 years$2,305$1,376$788$437$237$35
45 years$2,228$1,312$740$404$215$30
46 years$2,155$1,251$695$373$195$26
47 years$2,086$1,194$653$345$177$23
48 years$2,019$1,140$613$318$161$19
49 years$1,955$1,089$577$294$146$17
50 years$1,894$1,040$542$272$133$14

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 $3,362 every year, while hoping to spend $43,337 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: 34/38/28 Blend
44$1,940,000$1,940,000$1,940,000$1,940,000
45$2,141,348$2,038,528$2,008,458$2,195,908
46$2,313,655$2,092,306$2,029,631$2,291,140
47$2,502,085$2,147,266$2,050,061$2,389,652
48$2,708,237$2,203,421$2,069,677$2,495,048
49$2,933,871$2,260,782$2,088,405$2,607,970
50$3,180,925$2,319,360$2,106,166$2,729,127
51$3,451,535$2,379,164$2,122,878$2,859,297
52$3,748,051$2,440,202$2,138,453$2,999,340
53$4,073,061$2,502,482$2,152,801$3,150,202
54$4,429,418$2,566,008$2,165,825$3,312,927
55$4,820,263$2,630,786$2,177,423$3,488,663
56$5,249,053$2,696,818$2,187,490$3,678,678
57$5,719,599$2,764,105$2,195,914$3,884,366
58$6,236,098$2,832,645$2,202,577$4,107,265
59$6,803,172$2,902,437$2,207,356$4,349,072
60$7,425,914$2,973,475$2,210,121$4,611,655
61$8,109,934$3,045,752$2,210,736$4,897,073
62$8,861,410$3,119,257$2,209,059$5,207,596
63$9,687,152$3,193,979$2,204,941$5,545,728
64$10,594,659$3,269,901$2,198,223$5,914,227
65$11,592,192$3,347,005$2,188,742$6,316,134
66$12,688,856$3,425,268$2,176,325$6,754,800
67$13,894,679$3,504,666$2,160,792$7,233,922
68$15,220,710$3,585,168$2,141,952$7,757,571
69$16,679,122$3,666,741$2,119,607$8,330,240
70$18,283,329$3,749,347$2,093,550$8,956,878
71$20,048,107$3,832,944$2,063,562$9,642,942
72$21,989,738$3,917,482$2,029,416$10,394,448
73$24,126,163$4,002,910$1,990,873$11,218,027
74$26,477,147$4,089,169$1,947,683$12,120,990
75$29,064,470$4,176,192$1,899,584$13,111,396
76$31,912,130$4,263,910$1,846,304$14,198,128
77$35,046,568$4,352,242$1,787,556$15,390,981
78$38,496,920$4,441,104$1,723,042$16,700,750
79$42,295,290$4,530,402$1,652,447$18,139,336
80$46,477,051$4,620,033$1,575,446$19,719,858
81$51,081,183$4,709,887$1,491,696$21,456,777
82$56,150,635$4,799,844$1,400,840$23,366,036
83$61,732,736$4,889,772$1,302,503$25,465,206
84$67,879,635$4,979,530$1,196,297$27,773,658
85$74,648,797$5,068,967$1,081,813$30,312,746
86$82,103,546$5,157,918$958,625$33,106,006
87$90,313,657$5,246,205$826,288$36,179,382
88$99,356,019$5,333,638$684,338$39,561,474
89$109,315,359$5,420,012$532,289$43,283,805
90$120,285,039$5,505,107$369,634$47,381,122
91$132,367,942$5,588,686$195,846$51,891,726
92$145,677,436$5,670,496$10,371$56,857,833
93$160,338,450$5,750,265$0$62,325,977
94$176,488,647$5,827,704$0$68,403,485
95$194,279,729$5,902,501$0$75,097,804
96$213,878,861$5,974,323$0$82,468,332
97$235,470,257$6,042,817$0$90,583,947
98$259,256,912$6,107,604$0$99,520,554
99$285,462,519$6,168,279$0$109,361,806
100$314,333,582$6,224,411$0$120,199,887