Can I retire at age 45 with 1,960,000?

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 $1,960,000?

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$161,855$160,413$159,007$157,634$156,293$152,888
2 years$80,126$78,634$77,188$75,785$74,425$71,011
3 years$52,887$51,388$49,946$48,556$47,218$43,903
4 years$39,270$37,776$36,348$34,982$33,677$30,485
5 years$31,102$29,617$28,207$26,870$25,600$22,541
6 years$25,658$24,184$22,796$21,488$20,257$17,334
7 years$21,771$20,310$18,943$17,666$16,474$13,688
8 years$18,858$17,409$16,065$14,820$13,667$11,016
9 years$16,593$15,158$13,837$12,623$11,510$8,992
10 years$14,782$13,361$12,064$10,881$9,807$7,420
11 years$13,301$11,894$10,621$9,470$8,434$6,176
12 years$12,068$10,676$9,425$8,307$7,309$5,175
13 years$11,025$9,648$8,421$7,333$6,373$4,360
14 years$10,132$8,770$7,566$6,510$5,587$3,690
15 years$9,359$8,011$6,831$5,806$4,919$3,135
16 years$8,684$7,350$6,194$5,198$4,348$2,672
17 years$8,088$6,769$5,636$4,671$3,855$2,282
18 years$7,559$6,255$5,145$4,209$3,428$1,954
19 years$7,086$5,797$4,710$3,803$3,055$1,676
20 years$6,661$5,387$4,323$3,445$2,729$1,440
21 years$6,278$5,018$3,976$3,126$2,442$1,239
22 years$5,929$4,684$3,664$2,842$2,189$1,067
23 years$5,611$4,381$3,383$2,589$1,965$920
24 years$5,320$4,104$3,129$2,361$1,766$794
25 years$5,053$3,852$2,898$2,156$1,589$685
26 years$4,807$3,620$2,688$1,972$1,431$592
27 years$4,579$3,407$2,496$1,805$1,291$512
28 years$4,368$3,210$2,320$1,653$1,165$443
29 years$4,172$3,029$2,159$1,516$1,052$383
30 years$3,990$2,860$2,011$1,392$950$331
31 years$3,819$2,704$1,875$1,278$859$287
32 years$3,660$2,558$1,749$1,174$777$248
33 years$3,510$2,423$1,633$1,080$703$215
34 years$3,370$2,296$1,526$994$637$186
35 years$3,237$2,178$1,427$915$577$161
36 years$3,113$2,067$1,335$843$522$140
37 years$2,995$1,963$1,249$776$474$121
38 years$2,884$1,866$1,170$715$429$105
39 years$2,779$1,774$1,096$660$389$91
40 years$2,680$1,688$1,027$608$353$79
41 years$2,585$1,607$963$561$320$68
42 years$2,495$1,530$904$518$291$59
43 years$2,410$1,458$848$478$264$51
44 years$2,329$1,390$796$442$239$45
45 years$2,251$1,325$747$408$217$39
46 years$2,178$1,264$702$377$197$34
47 years$2,107$1,207$660$348$179$29
48 years$2,040$1,152$620$322$163$25
49 years$1,975$1,100$583$297$148$22
50 years$1,914$1,051$548$275$134$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,960,000, adding $3,902 every year, while hoping to spend $38,074 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: 55/23/22 Blend
44$1,960,000$1,960,000$1,960,000$1,960,000
45$2,163,945$2,060,065$2,029,685$2,269,788
46$2,344,157$2,120,498$2,057,169$2,403,172
47$2,541,474$2,182,616$2,084,298$2,544,017
48$2,757,602$2,246,461$2,111,019$2,696,590
49$2,994,417$2,312,077$2,137,277$2,862,027
50$3,253,986$2,379,508$2,163,015$3,041,577
51$3,538,587$2,448,798$2,188,170$3,236,619
52$3,850,727$2,519,993$2,212,678$3,448,668
53$4,193,169$2,593,140$2,236,470$3,679,394
54$4,568,953$2,668,286$2,259,474$3,930,637
55$4,981,433$2,745,478$2,281,612$4,204,421
56$5,434,298$2,824,765$2,302,805$4,502,977
57$5,931,616$2,906,198$2,322,969$4,828,763
58$6,477,865$2,989,826$2,342,012$5,184,486
59$7,077,980$3,075,700$2,359,843$5,573,127
60$7,737,397$3,163,873$2,376,361$5,997,971
61$8,462,105$3,254,396$2,391,462$6,462,638
62$9,258,701$3,347,323$2,405,037$6,971,114
63$10,134,454$3,442,707$2,416,971$7,527,791
64$11,097,371$3,540,603$2,427,143$8,137,509
65$12,156,277$3,641,065$2,435,425$8,805,600
66$13,320,890$3,744,150$2,441,685$9,537,938
67$14,601,920$3,849,914$2,445,781$10,340,997
68$16,011,169$3,958,412$2,447,568$11,221,909
69$17,561,636$4,069,702$2,446,889$12,188,532
70$19,267,646$4,183,841$2,443,583$13,249,527
71$21,144,984$4,300,887$2,437,481$14,414,434
72$23,211,039$4,420,897$2,428,403$15,693,768
73$25,484,973$4,543,929$2,416,163$17,099,114
74$27,987,901$4,670,042$2,400,565$18,643,240
75$30,743,086$4,799,294$2,381,403$20,340,212
76$33,776,163$4,931,742$2,358,463$22,205,535
77$37,115,379$5,067,444$2,331,519$24,256,290
78$40,791,857$5,206,458$2,300,334$26,511,302
79$44,839,894$5,348,842$2,264,662$28,991,316
80$49,297,279$5,494,651$2,224,244$31,719,192
81$54,205,654$5,643,941$2,178,809$34,720,121
82$59,610,905$5,796,769$2,128,073$38,021,863
83$65,563,594$5,953,188$2,071,741$41,655,010
84$72,119,438$6,113,251$2,009,501$45,653,275
85$79,339,831$6,277,010$1,941,030$50,053,807
86$87,292,426$6,444,517$1,865,987$54,897,546
87$96,051,775$6,615,819$1,784,019$60,229,610
88$105,700,025$6,790,964$1,694,753$66,099,716
89$116,327,703$6,969,996$1,597,802$72,562,653
90$128,034,562$7,152,959$1,492,761$79,678,803
91$140,930,525$7,339,892$1,379,207$87,514,702
92$155,136,724$7,530,832$1,256,696$96,143,677
93$170,786,641$7,725,814$1,124,767$105,646,536
94$188,027,368$7,924,868$982,936$116,112,328
95$207,020,995$8,128,022$830,699$127,639,188
96$227,946,138$8,335,297$667,530$140,335,263
97$250,999,630$8,546,712$492,877$154,319,731
98$276,398,372$8,762,281$306,169$169,723,931
99$304,381,384$8,982,011$106,803$186,692,598
100$335,212,061$9,205,904$0$205,385,233