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

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$161,855$160,413$159,007$157,634$156,293$154,212
2 years$80,126$78,634$77,188$75,785$74,425$72,332
3 years$52,887$51,388$49,946$48,556$47,218$45,178
4 years$39,270$37,776$36,348$34,982$33,677$31,705
5 years$31,102$29,617$28,207$26,870$25,600$23,703
6 years$25,658$24,184$22,796$21,488$20,257$18,436
7 years$21,771$20,310$18,943$17,666$16,474$14,730
8 years$18,858$17,409$16,065$14,820$13,667$12,000
9 years$16,593$15,158$13,837$12,623$11,510$9,919
10 years$14,782$13,361$12,064$10,881$9,807$8,291
11 years$13,301$11,894$10,621$9,470$8,434$6,992
12 years$12,068$10,676$9,425$8,307$7,309$5,939
13 years$11,025$9,648$8,421$7,333$6,373$5,074
14 years$10,132$8,770$7,566$6,510$5,587$4,356
15 years$9,359$8,011$6,831$5,806$4,919$3,754
16 years$8,684$7,350$6,194$5,198$4,348$3,247
17 years$8,088$6,769$5,636$4,671$3,855$2,816
18 years$7,559$6,255$5,145$4,209$3,428$2,448
19 years$7,086$5,797$4,710$3,803$3,055$2,132
20 years$6,661$5,387$4,323$3,445$2,729$1,861
21 years$6,278$5,018$3,976$3,126$2,442$1,627
22 years$5,929$4,684$3,664$2,842$2,189$1,424
23 years$5,611$4,381$3,383$2,589$1,965$1,248
24 years$5,320$4,104$3,129$2,361$1,766$1,094
25 years$5,053$3,852$2,898$2,156$1,589$961
26 years$4,807$3,620$2,688$1,972$1,431$844
27 years$4,579$3,407$2,496$1,805$1,291$742
28 years$4,368$3,210$2,320$1,653$1,165$653
29 years$4,172$3,029$2,159$1,516$1,052$574
30 years$3,990$2,860$2,011$1,392$950$506
31 years$3,819$2,704$1,875$1,278$859$446
32 years$3,660$2,558$1,749$1,174$777$393
33 years$3,510$2,423$1,633$1,080$703$346
34 years$3,370$2,296$1,526$994$637$305
35 years$3,237$2,178$1,427$915$577$269
36 years$3,113$2,067$1,335$843$522$237
37 years$2,995$1,963$1,249$776$474$209
38 years$2,884$1,866$1,170$715$429$185
39 years$2,779$1,774$1,096$660$389$163
40 years$2,680$1,688$1,027$608$353$144
41 years$2,585$1,607$963$561$320$127
42 years$2,495$1,530$904$518$291$112
43 years$2,410$1,458$848$478$264$99
44 years$2,329$1,390$796$442$239$87
45 years$2,251$1,325$747$408$217$77
46 years$2,178$1,264$702$377$197$68
47 years$2,107$1,207$660$348$179$60
48 years$2,040$1,152$620$322$163$53
49 years$1,975$1,100$583$297$148$47
50 years$1,914$1,051$548$275$134$41

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 $5,464 every year, while hoping to spend $51,730 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: 80/7/13 Blend
44$1,960,000$1,960,000$1,960,000$1,960,000
45$2,165,556$2,061,676$2,031,296$2,332,954
46$2,331,403$2,107,658$2,044,304$2,489,712
47$2,512,431$2,154,159$2,056,014$2,654,450
48$2,710,137$2,201,150$2,066,328$2,833,743
49$2,926,164$2,248,600$2,075,143$3,029,026
50$3,162,323$2,296,471$2,082,350$3,241,877
51$3,420,607$2,344,725$2,087,836$3,474,036
52$3,703,211$2,393,319$2,091,482$3,727,419
53$4,012,553$2,442,206$2,093,160$4,004,137
54$4,351,293$2,491,335$2,092,741$4,306,514
55$4,722,363$2,540,648$2,090,086$4,637,113
56$5,128,991$2,590,086$2,085,050$4,998,754
57$5,574,730$2,639,582$2,077,481$5,394,546
58$6,063,495$2,689,065$2,067,220$5,827,915
59$6,599,599$2,738,457$2,054,100$6,302,633
60$7,187,792$2,787,674$2,037,945$6,822,859
61$7,833,303$2,836,627$2,018,573$7,393,173
62$8,541,896$2,885,217$1,995,791$8,018,622
63$9,319,917$2,933,341$1,969,398$8,704,768
64$10,174,359$2,980,885$1,939,183$9,457,738
65$11,112,924$3,027,729$1,904,927$10,284,286
66$12,144,098$3,073,743$1,866,397$11,191,850
67$13,277,227$3,118,788$1,823,353$12,188,629
68$14,522,611$3,162,714$1,775,541$13,283,658
69$15,891,593$3,205,363$1,722,697$14,486,891
70$17,396,673$3,246,564$1,664,545$15,809,298
71$19,051,621$3,286,133$1,600,796$17,262,968
72$20,871,610$3,323,877$1,531,146$18,861,220
73$22,873,354$3,359,587$1,455,279$20,618,734
74$25,075,271$3,393,041$1,372,865$22,551,685
75$27,497,651$3,424,003$1,283,559$24,677,900
76$30,162,853$3,452,221$1,186,999$27,017,021
77$33,095,509$3,477,424$1,082,809$29,590,696
78$36,322,761$3,499,328$970,593$32,422,778
79$39,874,515$3,517,628$849,941$35,539,557
80$43,783,724$3,532,000$720,422$38,970,000
81$48,086,695$3,542,099$581,588$42,746,033
82$52,823,436$3,547,560$432,969$46,902,836
83$58,038,029$3,547,993$274,076$51,479,178
84$63,779,048$3,542,985$104,398$56,517,784
85$70,100,018$3,532,098$0$62,065,737
86$77,059,915$3,514,866$0$68,185,559
87$84,723,726$3,490,795$0$74,939,939
88$93,163,063$3,459,361$0$82,377,472
89$102,456,835$3,420,008$0$90,567,684
90$112,691,991$3,372,148$0$99,587,188
91$123,964,348$3,315,157$0$109,520,407
92$136,379,484$3,248,372$0$120,460,373
93$150,053,744$3,171,095$0$132,509,601
94$165,115,330$3,082,583$0$145,781,061
95$181,705,515$2,982,051$0$160,399,241
96$199,979,975$2,868,669$0$176,501,322
97$220,110,255$2,741,556$0$194,238,476
98$242,285,392$2,599,783$0$213,777,287
99$266,713,695$2,442,366$0$235,301,329
100$293,624,714$2,268,263$0$259,012,895