Can I retire at age 45 with 1,950,000?

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 $1,950,000?

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$161,029$159,595$158,195$156,829$155,496$151,185
2 years$79,717$78,233$76,794$75,399$74,046$69,735
3 years$52,617$51,126$49,691$48,309$46,978$42,802
4 years$39,070$37,583$36,162$34,804$33,505$29,496
5 years$30,943$29,466$28,063$26,733$25,470$21,639
6 years$25,527$24,061$22,679$21,378$20,153$16,504
7 years$21,660$20,206$18,847$17,576$16,390$12,922
8 years$18,761$17,320$15,983$14,744$13,597$10,309
9 years$16,508$15,081$13,767$12,559$11,451$8,340
10 years$14,706$13,293$12,002$10,826$9,757$6,818
11 years$13,233$11,834$10,566$9,422$8,391$5,620
12 years$12,006$10,621$9,377$8,264$7,271$4,664
13 years$10,969$9,599$8,378$7,296$6,341$3,890
14 years$10,081$8,725$7,528$6,477$5,558$3,259
15 years$9,312$7,970$6,797$5,776$4,894$2,739
16 years$8,639$7,313$6,162$5,172$4,325$2,310
17 years$8,047$6,735$5,607$4,647$3,835$1,952
18 years$7,520$6,223$5,119$4,188$3,410$1,653
19 years$7,050$5,768$4,686$3,784$3,039$1,402
20 years$6,627$5,359$4,300$3,427$2,715$1,191
21 years$6,245$4,992$3,956$3,110$2,430$1,013
22 years$5,899$4,660$3,646$2,828$2,178$862
23 years$5,583$4,358$3,366$2,575$1,955$735
24 years$5,293$4,084$3,113$2,349$1,757$626
25 years$5,027$3,832$2,883$2,145$1,581$534
26 years$4,782$3,602$2,674$1,961$1,424$456
27 years$4,556$3,390$2,483$1,795$1,284$389
28 years$4,346$3,194$2,308$1,645$1,159$333
29 years$4,151$3,013$2,148$1,508$1,046$284
30 years$3,969$2,846$2,001$1,384$945$243
31 years$3,800$2,690$1,865$1,271$855$208
32 years$3,641$2,545$1,741$1,169$773$178
33 years$3,492$2,410$1,625$1,075$700$152
34 years$3,352$2,285$1,518$989$633$130
35 years$3,221$2,167$1,420$910$574$111
36 years$3,097$2,057$1,328$838$520$95
37 years$2,980$1,953$1,243$772$471$81
38 years$2,870$1,856$1,164$712$427$70
39 years$2,765$1,765$1,091$656$387$60
40 years$2,666$1,679$1,022$605$351$51
41 years$2,572$1,599$958$559$319$44
42 years$2,483$1,523$899$515$289$37
43 years$2,398$1,451$844$476$262$32
44 years$2,317$1,383$792$439$238$27
45 years$2,240$1,319$744$406$216$23
46 years$2,166$1,258$698$375$196$20
47 years$2,096$1,200$656$346$178$17
48 years$2,029$1,146$617$320$162$15
49 years$1,965$1,094$580$296$147$13
50 years$1,904$1,045$545$273$134$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,950,000, adding $3,949 every year, while hoping to spend $24,375 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: 40/40/20 Blend
44$1,950,000$1,950,000$1,950,000$1,950,000
45$2,152,973$2,049,623$2,019,398$2,226,189
46$2,346,642$2,124,120$2,061,113$2,353,453
47$2,559,248$2,201,450$2,103,409$2,488,415
48$2,792,696$2,281,727$2,146,279$2,633,921
49$3,049,088$2,365,068$2,189,715$2,790,944
50$3,330,734$2,451,596$2,233,711$2,960,555
51$3,640,184$2,541,439$2,278,255$3,143,928
52$3,980,244$2,634,730$2,323,337$3,342,354
53$4,354,006$2,731,609$2,368,946$3,557,252
54$4,764,876$2,832,220$2,415,067$3,790,182
55$5,216,608$2,936,713$2,461,687$4,042,857
56$5,713,337$3,045,247$2,508,788$4,317,164
57$6,259,618$3,157,985$2,556,354$4,615,176
58$6,860,471$3,275,098$2,604,363$4,939,174
59$7,521,426$3,396,764$2,652,796$5,291,664
60$8,248,575$3,523,170$2,701,628$5,675,407
61$9,048,633$3,654,508$2,750,836$6,093,437
62$9,928,995$3,790,980$2,800,391$6,549,095
63$10,897,812$3,932,799$2,850,264$7,046,056
64$11,964,065$4,080,182$2,900,423$7,588,363
65$13,137,648$4,233,359$2,950,836$8,180,467
66$14,429,464$4,392,569$3,001,464$8,827,268
67$15,851,525$4,558,061$3,052,270$9,534,157
68$17,417,070$4,730,095$3,103,210$10,307,069
69$19,140,685$4,908,943$3,154,241$11,152,539
70$21,038,441$5,094,888$3,205,314$12,077,761
71$23,128,048$5,288,223$3,256,378$13,090,654
72$25,429,021$5,489,259$3,307,380$14,199,939
73$27,962,864$5,698,315$3,358,259$15,415,216
74$30,753,271$5,915,728$3,408,956$16,747,060
75$33,826,354$6,141,847$3,459,405$18,207,112
76$37,210,882$6,377,038$3,509,535$19,808,195
77$40,938,561$6,621,682$3,559,273$21,564,428
78$45,044,326$6,876,176$3,608,541$23,491,363
79$49,566,676$7,140,937$3,657,256$25,606,125
80$54,548,031$7,416,398$3,705,328$27,927,579
81$60,035,140$7,703,011$3,752,667$30,476,502
82$66,079,515$8,001,249$3,799,172$33,275,778
83$72,737,921$8,311,606$3,844,740$36,350,616
84$80,072,912$8,634,597$3,889,261$39,728,781
85$88,153,416$8,970,759$3,932,618$43,440,862
86$97,055,393$9,320,655$3,974,690$47,520,550
87$106,862,548$9,684,872$4,015,346$52,004,962
88$117,667,118$10,064,021$4,054,451$56,934,986
89$129,570,749$10,458,744$4,091,860$62,355,666
90$142,685,451$10,869,707$4,127,423$68,316,626
91$157,134,655$11,297,610$4,160,979$74,872,534
92$173,054,378$11,743,182$4,192,361$82,083,618
93$190,594,512$12,207,185$4,221,392$90,016,233
94$209,920,229$12,690,414$4,247,886$98,743,484
95$231,213,550$13,193,702$4,271,647$108,345,913
96$254,675,055$13,717,916$4,292,470$118,912,260
97$280,525,781$14,263,965$4,310,139$130,540,293
98$309,009,309$14,832,798$4,324,427$143,337,734
99$340,394,059$15,425,405$4,335,095$157,423,270
100$374,975,826$16,042,822$4,341,894$172,927,670