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%14.1%
1 years$161,029$159,595$158,195$156,829$155,496$152,857
2 years$79,717$78,233$76,794$75,399$74,046$71,395
3 years$52,617$51,126$49,691$48,309$46,978$44,398
4 years$39,070$37,583$36,162$34,804$33,505$31,016
5 years$30,943$29,466$28,063$26,733$25,470$23,079
6 years$25,527$24,061$22,679$21,378$20,153$17,863
7 years$21,660$20,206$18,847$17,576$16,390$14,201
8 years$18,761$17,320$15,983$14,744$13,597$11,509
9 years$16,508$15,081$13,767$12,559$11,451$9,462
10 years$14,706$13,293$12,002$10,826$9,757$7,866
11 years$13,233$11,834$10,566$9,422$8,391$6,597
12 years$12,006$10,621$9,377$8,264$7,271$5,571
13 years$10,969$9,599$8,378$7,296$6,341$4,731
14 years$10,081$8,725$7,528$6,477$5,558$4,037
15 years$9,312$7,970$6,797$5,776$4,894$3,458
16 years$8,639$7,313$6,162$5,172$4,325$2,972
17 years$8,047$6,735$5,607$4,647$3,835$2,561
18 years$7,520$6,223$5,119$4,188$3,410$2,212
19 years$7,050$5,768$4,686$3,784$3,039$1,914
20 years$6,627$5,359$4,300$3,427$2,715$1,660
21 years$6,245$4,992$3,956$3,110$2,430$1,441
22 years$5,899$4,660$3,646$2,828$2,178$1,252
23 years$5,583$4,358$3,366$2,575$1,955$1,090
24 years$5,293$4,084$3,113$2,349$1,757$949
25 years$5,027$3,832$2,883$2,145$1,581$827
26 years$4,782$3,602$2,674$1,961$1,424$722
27 years$4,556$3,390$2,483$1,795$1,284$630
28 years$4,346$3,194$2,308$1,645$1,159$550
29 years$4,151$3,013$2,148$1,508$1,046$481
30 years$3,969$2,846$2,001$1,384$945$420
31 years$3,800$2,690$1,865$1,271$855$367
32 years$3,641$2,545$1,741$1,169$773$321
33 years$3,492$2,410$1,625$1,075$700$281
34 years$3,352$2,285$1,518$989$633$246
35 years$3,221$2,167$1,420$910$574$215
36 years$3,097$2,057$1,328$838$520$188
37 years$2,980$1,953$1,243$772$471$165
38 years$2,870$1,856$1,164$712$427$144
39 years$2,765$1,765$1,091$656$387$126
40 years$2,666$1,679$1,022$605$351$111
41 years$2,572$1,599$958$559$319$97
42 years$2,483$1,523$899$515$289$85
43 years$2,398$1,451$844$476$262$74
44 years$2,317$1,383$792$439$238$65
45 years$2,240$1,319$744$406$216$57
46 years$2,166$1,258$698$375$196$50
47 years$2,096$1,200$656$346$178$44
48 years$2,029$1,146$617$320$162$38
49 years$1,965$1,094$580$296$147$34
50 years$1,904$1,045$545$273$134$29

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 $3,464 every year, while hoping to spend $36,958 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: 29/49/22 Blend
44$1,950,000$1,950,000$1,950,000$1,950,000
45$2,152,473$2,049,123$2,018,898$2,199,976
46$2,332,702$2,110,207$2,047,208$2,298,023
47$2,530,076$2,173,046$2,075,228$2,399,846
48$2,746,305$2,237,685$2,102,909$2,508,546
49$2,983,270$2,304,175$2,130,199$2,624,737
50$3,243,047$2,372,562$2,157,044$2,749,095
51$3,527,919$2,442,899$2,183,386$2,882,362
52$3,840,401$2,515,235$2,209,163$3,025,356
53$4,183,265$2,589,624$2,234,313$3,178,975
54$4,559,561$2,666,119$2,258,766$3,344,204
55$4,972,652$2,744,775$2,282,450$3,522,132
56$5,426,241$2,825,648$2,305,291$3,713,952
57$5,924,407$2,908,794$2,327,208$3,920,980
58$6,471,644$2,994,272$2,348,116$4,144,663
59$7,072,901$3,082,141$2,367,928$4,386,592
60$7,733,633$3,172,462$2,386,550$4,648,522
61$8,459,848$3,265,297$2,403,883$4,932,381
62$9,258,164$3,360,708$2,419,825$5,240,294
63$10,135,874$3,458,760$2,434,266$5,574,600
64$11,101,011$3,559,517$2,447,092$5,937,873
65$12,162,428$3,663,047$2,458,184$6,332,950
66$13,329,877$3,769,418$2,467,414$6,762,954
67$14,614,102$3,878,697$2,474,649$7,231,322
68$16,026,942$3,990,954$2,479,752$7,741,844
69$17,581,441$4,106,262$2,482,575$8,298,692
70$19,291,971$4,224,692$2,482,964$8,906,460
71$21,174,368$4,346,318$2,480,759$9,570,211
72$23,246,080$4,471,214$2,475,791$10,295,520
73$25,526,332$4,599,455$2,467,882$11,088,531
74$28,036,308$4,731,118$2,456,846$11,956,011
75$30,799,349$4,866,281$2,442,488$12,905,414
76$33,841,176$5,005,023$2,424,605$13,944,955
77$37,190,129$5,147,421$2,402,982$15,083,683
78$40,877,435$5,293,558$2,377,395$16,331,568
79$44,937,505$5,443,513$2,347,609$17,699,595
80$49,408,254$5,597,370$2,313,378$19,199,868
81$54,331,465$5,755,210$2,274,445$20,845,723
82$59,753,175$5,917,116$2,230,540$22,651,856
83$65,724,117$6,083,172$2,181,381$24,634,457
84$72,300,193$6,253,464$2,126,672$26,811,370
85$79,543,003$6,428,074$2,066,106$29,202,253
86$87,520,427$6,607,088$1,999,359$31,828,770
87$96,307,267$6,790,591$1,926,094$34,714,793
88$105,985,946$6,978,668$1,845,956$37,886,627
89$116,647,293$7,171,403$1,758,576$41,373,259
90$128,391,398$7,368,883$1,663,569$45,206,631
91$141,328,553$7,571,190$1,560,531$49,421,943
92$155,580,296$7,778,410$1,449,040$54,057,983
93$171,280,559$7,990,624$1,328,655$59,157,496
94$188,576,927$8,207,916$1,198,916$64,767,585
95$207,632,036$8,430,366$1,059,342$70,940,158
96$228,625,104$8,658,054$909,430$77,732,416
97$251,753,625$8,891,059$748,657$85,207,397
98$277,235,231$9,129,457$576,473$93,434,565
99$305,309,747$9,373,323$392,307$102,490,474
100$336,241,454$9,622,729$195,563$112,459,483