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%15.3%
1 years$161,029$159,595$158,195$156,829$155,496$152,108
2 years$79,717$78,233$76,794$75,399$74,046$70,649
3 years$52,617$51,126$49,691$48,309$46,978$43,679
4 years$39,070$37,583$36,162$34,804$33,505$30,329
5 years$30,943$29,466$28,063$26,733$25,470$22,426
6 years$25,527$24,061$22,679$21,378$20,153$17,245
7 years$21,660$20,206$18,847$17,576$16,390$13,618
8 years$18,761$17,320$15,983$14,744$13,597$10,960
9 years$16,508$15,081$13,767$12,559$11,451$8,946
10 years$14,706$13,293$12,002$10,826$9,757$7,383
11 years$13,233$11,834$10,566$9,422$8,391$6,144
12 years$12,006$10,621$9,377$8,264$7,271$5,149
13 years$10,969$9,599$8,378$7,296$6,341$4,338
14 years$10,081$8,725$7,528$6,477$5,558$3,672
15 years$9,312$7,970$6,797$5,776$4,894$3,119
16 years$8,639$7,313$6,162$5,172$4,325$2,658
17 years$8,047$6,735$5,607$4,647$3,835$2,271
18 years$7,520$6,223$5,119$4,188$3,410$1,944
19 years$7,050$5,768$4,686$3,784$3,039$1,668
20 years$6,627$5,359$4,300$3,427$2,715$1,433
21 years$6,245$4,992$3,956$3,110$2,430$1,233
22 years$5,899$4,660$3,646$2,828$2,178$1,062
23 years$5,583$4,358$3,366$2,575$1,955$915
24 years$5,293$4,084$3,113$2,349$1,757$790
25 years$5,027$3,832$2,883$2,145$1,581$682
26 years$4,782$3,602$2,674$1,961$1,424$589
27 years$4,556$3,390$2,483$1,795$1,284$509
28 years$4,346$3,194$2,308$1,645$1,159$440
29 years$4,151$3,013$2,148$1,508$1,046$381
30 years$3,969$2,846$2,001$1,384$945$330
31 years$3,800$2,690$1,865$1,271$855$285
32 years$3,641$2,545$1,741$1,169$773$247
33 years$3,492$2,410$1,625$1,075$700$214
34 years$3,352$2,285$1,518$989$633$185
35 years$3,221$2,167$1,420$910$574$161
36 years$3,097$2,057$1,328$838$520$139
37 years$2,980$1,953$1,243$772$471$121
38 years$2,870$1,856$1,164$712$427$105
39 years$2,765$1,765$1,091$656$387$91
40 years$2,666$1,679$1,022$605$351$79
41 years$2,572$1,599$958$559$319$68
42 years$2,483$1,523$899$515$289$59
43 years$2,398$1,451$844$476$262$51
44 years$2,317$1,383$792$439$238$44
45 years$2,240$1,319$744$406$216$38
46 years$2,166$1,258$698$375$196$33
47 years$2,096$1,200$656$346$178$29
48 years$2,029$1,146$617$320$162$25
49 years$1,965$1,094$580$296$147$22
50 years$1,904$1,045$545$273$134$19

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 $2,725 every year, while hoping to spend $53,915 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: 53/22/25 Blend
44$1,950,000$1,950,000$1,950,000$1,950,000
45$2,151,711$2,048,361$2,018,136$2,250,679
46$2,313,820$2,091,365$2,028,378$2,362,337
47$2,490,658$2,134,670$2,037,157$2,478,015
48$2,683,669$2,178,233$2,044,365$2,602,798
49$2,894,444$2,222,008$2,049,893$2,737,575
50$3,124,736$2,265,944$2,053,623$2,883,327
51$3,376,471$2,309,988$2,055,431$3,041,137
52$3,651,773$2,354,079$2,055,191$3,212,198
53$3,952,980$2,398,155$2,052,765$3,397,825
54$4,282,665$2,442,145$2,048,013$3,599,470
55$4,643,661$2,485,975$2,040,787$3,818,731
56$5,039,091$2,529,564$2,030,929$4,057,372
57$5,472,390$2,572,824$2,018,277$4,317,340
58$5,947,344$2,615,663$2,002,659$4,600,779
59$6,468,121$2,657,979$1,983,897$4,910,054
60$7,039,314$2,699,664$1,961,802$5,247,774
61$7,665,978$2,740,602$1,936,177$5,616,815
62$8,353,685$2,780,669$1,906,816$6,020,348
63$9,108,571$2,819,731$1,873,503$6,461,871
64$9,937,392$2,857,646$1,836,013$6,945,241
65$10,847,596$2,894,260$1,794,110$7,474,709
66$11,847,383$2,929,411$1,747,545$8,054,964
67$12,945,789$2,962,925$1,696,060$8,691,176
68$14,152,766$2,994,614$1,639,384$9,389,047
69$15,479,279$3,024,282$1,577,235$10,154,861
70$16,937,409$3,051,715$1,509,316$10,995,549
71$18,540,465$3,076,689$1,435,318$11,918,752
72$20,303,109$3,098,963$1,354,917$12,932,896
73$22,241,495$3,118,282$1,267,776$14,047,270
74$24,373,422$3,134,372$1,173,541$15,272,114
75$26,718,499$3,146,944$1,071,843$16,618,720
76$29,298,332$3,155,690$962,296$18,099,537
77$32,136,726$3,160,284$844,497$19,728,288
78$35,259,911$3,160,376$718,026$21,520,106
79$38,696,785$3,155,598$582,443$23,491,670
80$42,479,192$3,145,557$437,290$25,661,369
81$46,642,217$3,129,837$282,087$28,049,477
82$51,224,521$3,107,996$116,334$30,678,342
83$56,268,700$3,079,566$0$33,572,602
84$61,821,694$3,044,051$0$36,775,568
85$67,935,220$3,000,923$0$40,335,194
86$74,666,269$2,949,625$0$44,253,571
87$82,077,638$2,889,566$0$48,567,237
88$90,238,521$2,820,119$0$53,316,462
89$99,225,167$2,740,622$0$58,545,626
90$109,121,594$2,650,372$0$64,303,635
91$120,020,383$2,548,627$0$70,644,392
92$132,023,553$2,434,600$0$77,627,297
93$145,243,521$2,307,461$0$85,317,817
94$159,804,162$2,166,329$0$93,788,097
95$175,841,982$2,010,274$0$103,117,650
96$193,507,400$1,838,314$0$113,394,099
97$212,966,172$1,649,407$0$124,714,016
98$234,400,949$1,442,457$0$137,183,825
99$258,013,010$1,216,300$0$150,920,814
100$284,024,150$969,712$0$166,054,241