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%19.2%
1 years$161,855$160,413$159,007$157,634$156,293$150,508
2 years$80,126$78,634$77,188$75,785$74,425$68,663
3 years$52,887$51,388$49,946$48,556$47,218$41,659
4 years$39,270$37,776$36,348$34,982$33,677$28,363
5 years$31,102$29,617$28,207$26,870$25,600$20,546
6 years$25,658$24,184$22,796$21,488$20,257$15,466
7 years$21,771$20,310$18,943$17,666$16,474$11,945
8 years$18,858$17,409$16,065$14,820$13,667$9,395
9 years$16,593$15,158$13,837$12,623$11,510$7,490
10 years$14,782$13,361$12,064$10,881$9,807$6,031
11 years$13,301$11,894$10,621$9,470$8,434$4,895
12 years$12,068$10,676$9,425$8,307$7,309$3,998
13 years$11,025$9,648$8,421$7,333$6,373$3,281
14 years$10,132$8,770$7,566$6,510$5,587$2,703
15 years$9,359$8,011$6,831$5,806$4,919$2,234
16 years$8,684$7,350$6,194$5,198$4,348$1,851
17 years$8,088$6,769$5,636$4,671$3,855$1,537
18 years$7,559$6,255$5,145$4,209$3,428$1,278
19 years$7,086$5,797$4,710$3,803$3,055$1,065
20 years$6,661$5,387$4,323$3,445$2,729$888
21 years$6,278$5,018$3,976$3,126$2,442$741
22 years$5,929$4,684$3,664$2,842$2,189$619
23 years$5,611$4,381$3,383$2,589$1,965$518
24 years$5,320$4,104$3,129$2,361$1,766$433
25 years$5,053$3,852$2,898$2,156$1,589$363
26 years$4,807$3,620$2,688$1,972$1,431$304
27 years$4,579$3,407$2,496$1,805$1,291$254
28 years$4,368$3,210$2,320$1,653$1,165$213
29 years$4,172$3,029$2,159$1,516$1,052$178
30 years$3,990$2,860$2,011$1,392$950$150
31 years$3,819$2,704$1,875$1,278$859$125
32 years$3,660$2,558$1,749$1,174$777$105
33 years$3,510$2,423$1,633$1,080$703$88
34 years$3,370$2,296$1,526$994$637$74
35 years$3,237$2,178$1,427$915$577$62
36 years$3,113$2,067$1,335$843$522$52
37 years$2,995$1,963$1,249$776$474$44
38 years$2,884$1,866$1,170$715$429$37
39 years$2,779$1,774$1,096$660$389$31
40 years$2,680$1,688$1,027$608$353$26
41 years$2,585$1,607$963$561$320$22
42 years$2,495$1,530$904$518$291$18
43 years$2,410$1,458$848$478$264$15
44 years$2,329$1,390$796$442$239$13
45 years$2,251$1,325$747$408$217$11
46 years$2,178$1,264$702$377$197$9
47 years$2,107$1,207$660$348$179$8
48 years$2,040$1,152$620$322$163$6
49 years$1,975$1,100$583$297$148$5
50 years$1,914$1,051$548$275$134$4

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 $3,895 every year, while hoping to spend $20,373 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: 63/7/30 Blend
44$1,960,000$1,960,000$1,960,000$1,960,000
45$2,163,938$2,060,058$2,029,678$2,282,595
46$2,362,983$2,139,324$2,075,995$2,442,962
47$2,581,647$2,221,791$2,123,181$2,615,511
48$2,821,911$2,307,595$2,171,244$2,803,574
49$3,085,956$2,396,877$2,220,191$3,008,678
50$3,376,184$2,489,784$2,270,027$3,232,504
51$3,695,242$2,586,471$2,320,760$3,476,903
52$4,046,046$2,687,098$2,372,396$3,743,913
53$4,431,811$2,791,833$2,424,938$4,035,779
54$4,856,074$2,900,852$2,478,393$4,354,973
55$5,322,738$3,014,337$2,532,763$4,704,218
56$5,836,098$3,132,481$2,588,052$5,086,511
57$6,400,890$3,255,483$2,644,262$5,505,156
58$7,022,331$3,383,551$2,701,394$5,963,790
59$7,706,168$3,516,904$2,759,450$6,466,420
60$8,458,734$3,655,770$2,818,429$7,017,459
61$9,287,008$3,800,386$2,878,329$7,621,770
62$10,198,679$3,951,000$2,939,149$8,284,708
63$11,202,218$4,107,874$3,000,885$9,012,173
64$12,306,962$4,271,277$3,063,532$9,810,664
65$13,523,196$4,441,494$3,127,084$10,687,343
66$14,862,255$4,618,820$3,191,535$11,650,098
67$16,336,629$4,803,566$3,256,875$12,707,620
68$17,960,079$4,996,054$3,323,094$13,869,484
69$19,747,770$5,196,624$3,390,180$15,146,239
70$21,716,412$5,405,628$3,458,121$16,549,509
71$23,884,418$5,623,436$3,526,900$18,092,100
72$26,272,079$5,850,434$3,596,501$19,788,120
73$28,901,751$6,087,025$3,666,904$21,653,117
74$31,798,072$6,333,632$3,738,088$23,704,218
75$34,988,191$6,590,696$3,810,029$25,960,298
76$38,502,023$6,858,677$3,882,702$28,442,152
77$42,372,535$7,138,058$3,956,078$31,172,693
78$46,636,054$7,429,342$4,030,127$34,177,170
79$51,332,609$7,733,058$4,104,814$37,483,402
80$56,506,313$8,049,755$4,180,103$41,122,044
81$62,205,774$8,380,010$4,255,953$45,126,873
82$68,484,559$8,724,427$4,332,324$49,535,108
83$75,401,694$9,083,634$4,409,167$54,387,762
84$83,022,226$9,458,291$4,486,433$59,730,028
85$91,417,833$9,849,088$4,564,069$65,611,702
86$100,667,504$10,256,745$4,642,017$72,087,658
87$110,858,280$10,682,016$4,720,215$79,218,362
88$122,086,080$11,125,690$4,798,598$87,070,446
89$134,456,603$11,588,592$4,877,094$95,717,329
90$148,086,329$12,071,586$4,955,629$105,239,920
91$163,103,615$12,575,573$5,034,122$115,727,373
92$179,649,906$13,101,499$5,112,488$127,277,932
93$197,881,075$13,650,351$5,190,636$139,999,857
94$217,968,891$14,223,164$5,268,468$154,012,445
95$240,102,638$14,821,020$5,345,881$169,447,158
96$264,490,906$15,445,049$5,422,767$186,448,860
97$291,363,558$16,096,436$5,499,010$205,177,188
98$320,973,900$16,776,420$5,574,486$225,808,055
99$353,601,071$17,486,298$5,649,065$248,535,311
100$389,552,681$18,227,427$5,722,609$273,572,573