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%11.3%
1 years$161,855$160,413$159,007$157,634$156,293$155,438
2 years$80,126$78,634$77,188$75,785$74,425$73,563
3 years$52,887$51,388$49,946$48,556$47,218$46,375
4 years$39,270$37,776$36,348$34,982$33,677$32,859
5 years$31,102$29,617$28,207$26,870$25,600$24,810
6 years$25,658$24,184$22,796$21,488$20,257$19,496
7 years$21,771$20,310$18,943$17,666$16,474$15,742
8 years$18,858$17,409$16,065$14,820$13,667$12,964
9 years$16,593$15,158$13,837$12,623$11,510$10,836
10 years$14,782$13,361$12,064$10,881$9,807$9,162
11 years$13,301$11,894$10,621$9,470$8,434$7,818
12 years$12,068$10,676$9,425$8,307$7,309$6,720
13 years$11,025$9,648$8,421$7,333$6,373$5,812
14 years$10,132$8,770$7,566$6,510$5,587$5,052
15 years$9,359$8,011$6,831$5,806$4,919$4,411
16 years$8,684$7,350$6,194$5,198$4,348$3,864
17 years$8,088$6,769$5,636$4,671$3,855$3,396
18 years$7,559$6,255$5,145$4,209$3,428$2,993
19 years$7,086$5,797$4,710$3,803$3,055$2,643
20 years$6,661$5,387$4,323$3,445$2,729$2,339
21 years$6,278$5,018$3,976$3,126$2,442$2,073
22 years$5,929$4,684$3,664$2,842$2,189$1,841
23 years$5,611$4,381$3,383$2,589$1,965$1,637
24 years$5,320$4,104$3,129$2,361$1,766$1,457
25 years$5,053$3,852$2,898$2,156$1,589$1,298
26 years$4,807$3,620$2,688$1,972$1,431$1,157
27 years$4,579$3,407$2,496$1,805$1,291$1,033
28 years$4,368$3,210$2,320$1,653$1,165$923
29 years$4,172$3,029$2,159$1,516$1,052$825
30 years$3,990$2,860$2,011$1,392$950$737
31 years$3,819$2,704$1,875$1,278$859$660
32 years$3,660$2,558$1,749$1,174$777$590
33 years$3,510$2,423$1,633$1,080$703$529
34 years$3,370$2,296$1,526$994$637$474
35 years$3,237$2,178$1,427$915$577$424
36 years$3,113$2,067$1,335$843$522$380
37 years$2,995$1,963$1,249$776$474$341
38 years$2,884$1,866$1,170$715$429$306
39 years$2,779$1,774$1,096$660$389$274
40 years$2,680$1,688$1,027$608$353$246
41 years$2,585$1,607$963$561$320$221
42 years$2,495$1,530$904$518$291$198
43 years$2,410$1,458$848$478$264$178
44 years$2,329$1,390$796$442$239$160
45 years$2,251$1,325$747$408$217$143
46 years$2,178$1,264$702$377$197$129
47 years$2,107$1,207$660$348$179$115
48 years$2,040$1,152$620$322$163$104
49 years$1,975$1,100$583$297$148$93
50 years$1,914$1,051$548$275$134$84

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 $5,041 every year, while hoping to spend $42,977 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: 59/22/19 Blend
44$1,960,000$1,960,000$1,960,000$1,960,000
45$2,165,120$2,061,240$2,030,860$2,281,798
46$2,340,235$2,116,513$2,053,166$2,416,729
47$2,531,771$2,173,055$2,074,780$2,558,666
48$2,741,358$2,230,881$2,095,632$2,712,490
49$2,970,791$2,290,008$2,115,649$2,879,357
50$3,222,045$2,350,452$2,134,757$3,060,541
51$3,497,296$2,412,227$2,152,874$3,257,444
52$3,798,941$2,475,346$2,169,915$3,471,610
53$4,129,618$2,539,824$2,185,793$3,704,742
54$4,492,235$2,605,671$2,200,413$3,958,714
55$4,889,993$2,672,899$2,213,677$4,235,590
56$5,326,418$2,741,516$2,225,480$4,537,645
57$5,805,394$2,811,532$2,235,715$4,867,386
58$6,331,199$2,882,953$2,244,267$5,227,573
59$6,908,547$2,955,783$2,251,016$5,621,247
60$7,542,629$3,030,026$2,255,835$6,051,761
61$8,239,164$3,105,684$2,258,592$6,522,808
62$9,004,451$3,182,755$2,259,147$7,038,455
63$9,845,432$3,261,237$2,257,355$7,603,187
64$10,769,752$3,341,124$2,253,063$8,221,944
65$11,785,836$3,422,408$2,246,110$8,900,169
66$12,902,964$3,505,078$2,236,327$9,643,862
67$14,131,360$3,589,121$2,223,538$10,459,632
68$15,482,290$3,674,520$2,207,558$11,354,764
69$16,968,166$3,761,253$2,188,193$12,337,284
70$18,602,661$3,849,296$2,165,240$13,416,039
71$20,400,842$3,938,622$2,138,485$14,600,776
72$22,379,311$4,029,197$2,107,707$15,902,238
73$24,556,356$4,120,984$2,072,671$17,332,262
74$26,952,133$4,213,940$2,033,134$18,903,894
75$29,588,847$4,308,019$1,988,840$20,631,511
76$32,490,964$4,403,168$1,939,521$22,530,958
77$35,685,446$4,499,326$1,884,898$24,619,693
78$39,201,997$4,596,428$1,824,678$26,916,960
79$43,073,350$4,694,403$1,758,554$29,443,963
80$47,335,573$4,793,170$1,686,207$32,224,072
81$52,028,408$4,892,641$1,607,301$35,283,041
82$57,195,647$4,992,723$1,521,488$38,649,252
83$62,885,545$5,093,308$1,428,400$42,353,984
84$69,151,275$5,194,285$1,327,656$46,431,709
85$76,051,429$5,295,529$1,218,856$50,920,413
86$83,650,571$5,396,905$1,101,584$55,861,964
87$92,019,844$5,498,269$975,402$61,302,498
88$101,237,646$5,599,462$839,856$67,292,863
89$111,390,366$5,700,315$694,470$73,889,094
90$122,573,196$5,800,644$538,749$81,152,945
91$134,891,037$5,900,251$372,172$89,152,472
92$148,459,483$5,998,923$194,199$97,962,678
93$163,405,911$6,096,430$4,265$107,666,216
94$179,870,686$6,192,528$0$118,354,179
95$198,008,486$6,286,952$0$130,167,180
96$217,989,758$6,379,419$0$143,179,159
97$240,002,329$6,469,626$0$157,511,302
98$264,253,176$6,557,247$0$173,298,105
99$290,970,384$6,641,937$0$190,687,784
100$320,405,294$6,723,322$0$209,843,669