Can I retire at age 45 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$162,681$161,232$159,818$158,438$157,091$151,517
2 years$80,535$79,035$77,582$76,172$74,805$69,249
3 years$53,157$51,650$50,200$48,804$47,459$42,096
4 years$39,470$37,968$36,533$35,161$33,848$28,718
5 years$31,260$29,768$28,351$27,007$25,731$20,847
6 years$25,789$24,308$22,912$21,598$20,360$15,727
7 years$21,883$20,413$19,040$17,757$16,558$12,174
8 years$18,954$17,498$16,147$14,896$13,737$9,599
9 years$16,677$15,235$13,908$12,688$11,568$7,671
10 years$14,857$13,429$12,125$10,937$9,857$6,193
11 years$13,369$11,955$10,675$9,518$8,477$5,039
12 years$12,129$10,730$9,474$8,349$7,346$4,126
13 years$11,082$9,697$8,464$7,371$6,406$3,396
14 years$10,184$8,814$7,605$6,543$5,615$2,805
15 years$9,407$8,052$6,866$5,835$4,944$2,325
16 years$8,728$7,388$6,225$5,225$4,370$1,932
17 years$8,129$6,804$5,665$4,694$3,875$1,609
18 years$7,598$6,287$5,171$4,231$3,445$1,343
19 years$7,122$5,827$4,734$3,823$3,071$1,122
20 years$6,695$5,414$4,345$3,462$2,743$938
21 years$6,310$5,043$3,996$3,142$2,454$786
22 years$5,959$4,708$3,683$2,857$2,200$659
23 years$5,640$4,403$3,401$2,602$1,975$552
24 years$5,347$4,125$3,145$2,373$1,775$463
25 years$5,079$3,871$2,913$2,167$1,597$389
26 years$4,831$3,639$2,702$1,982$1,439$327
27 years$4,603$3,424$2,509$1,814$1,297$275
28 years$4,391$3,227$2,332$1,662$1,170$231
29 years$4,194$3,044$2,170$1,524$1,057$194
30 years$4,010$2,875$2,022$1,399$955$163
31 years$3,839$2,718$1,885$1,285$863$137
32 years$3,678$2,571$1,758$1,180$781$115
33 years$3,528$2,435$1,642$1,086$707$97
34 years$3,387$2,308$1,534$999$640$82
35 years$3,254$2,189$1,434$919$580$69
36 years$3,129$2,078$1,342$847$525$58
37 years$3,011$1,973$1,256$780$476$49
38 years$2,899$1,875$1,176$719$432$41
39 years$2,793$1,783$1,102$663$391$34
40 years$2,693$1,697$1,033$612$355$29
41 years$2,598$1,615$968$564$322$24
42 years$2,508$1,538$908$521$292$21
43 years$2,422$1,466$852$481$265$17
44 years$2,341$1,397$800$444$241$15
45 years$2,263$1,332$751$410$219$12
46 years$2,189$1,271$706$379$198$10
47 years$2,118$1,213$663$350$180$9
48 years$2,050$1,158$623$323$164$7
49 years$1,985$1,106$586$299$149$6
50 years$1,923$1,056$550$276$135$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,970,000, adding $4,004 every year, while hoping to spend $30,746 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: 87/7/6 Blend
44$1,970,000$1,970,000$1,970,000$1,970,000
45$2,175,070$2,070,660$2,040,125$2,363,494
46$2,364,214$2,139,409$2,075,756$2,555,562
47$2,571,620$2,210,496$2,111,550$2,761,946
48$2,799,118$2,284,003$2,147,480$2,987,784
49$3,048,725$2,360,016$2,183,517$3,235,011
50$3,322,660$2,438,623$2,219,630$3,505,762
51$3,623,371$2,519,914$2,255,787$3,802,387
52$3,953,550$2,603,986$2,291,952$4,127,472
53$4,316,167$2,690,936$2,328,087$4,483,870
54$4,714,490$2,780,866$2,364,152$4,874,719
55$5,152,122$2,873,882$2,400,105$5,303,478
56$5,633,030$2,970,094$2,435,899$5,773,956
57$6,161,585$3,069,614$2,471,488$6,290,350
58$6,742,603$3,172,562$2,506,820$6,857,282
59$7,381,390$3,279,059$2,541,840$7,479,846
60$8,083,791$3,389,233$2,576,491$8,163,650
61$8,856,247$3,503,214$2,610,712$8,914,875
62$9,705,852$3,621,139$2,644,439$9,740,331
63$10,640,424$3,743,150$2,677,603$10,647,517
64$11,668,576$3,869,394$2,710,132$11,644,700
65$12,799,800$4,000,022$2,741,949$12,740,984
66$14,044,550$4,135,194$2,772,976$13,946,400
67$15,414,349$4,275,073$2,803,125$15,272,003
68$16,921,891$4,419,830$2,832,308$16,729,969
69$18,581,163$4,569,642$2,860,430$18,333,716
70$20,407,578$4,724,691$2,887,391$20,098,028
71$22,418,119$4,885,168$2,913,086$22,039,195
72$24,631,497$5,051,271$2,937,404$24,175,165
73$27,068,331$5,223,205$2,960,229$26,525,713
74$29,751,342$5,401,183$2,981,438$29,112,632
75$32,705,564$5,585,426$3,000,901$31,959,930
76$35,958,584$5,776,165$3,018,484$35,094,065
77$39,540,799$5,973,636$3,034,042$38,544,189
78$43,485,705$6,178,089$3,047,427$42,342,425
79$47,830,211$6,389,779$3,058,480$46,524,168
80$52,614,990$6,608,975$3,067,036$51,128,423
81$57,884,857$6,835,954$3,072,920$56,198,166
82$63,689,200$7,071,003$3,075,951$61,780,757
83$70,082,439$7,314,423$3,075,936$67,928,381
84$77,124,542$7,566,523$3,072,673$74,698,541
85$84,881,590$7,827,628$3,065,953$82,154,606
86$93,426,404$8,098,073$3,055,554$90,366,399
87$102,839,225$8,378,207$3,041,243$99,410,866
88$113,208,479$8,668,392$3,022,778$109,372,794
89$124,631,607$8,969,006$2,999,903$120,345,616
90$137,215,982$9,280,439$2,972,352$132,432,289
91$151,079,931$9,603,099$2,939,844$145,746,268
92$166,353,841$9,937,408$2,902,086$160,412,576
93$183,181,399$10,283,808$2,858,772$176,568,983
94$201,720,941$10,642,753$2,809,581$194,367,307
95$222,146,951$11,014,721$2,754,175$213,974,847
96$244,651,702$11,400,206$2,692,202$235,575,960
97$269,447,081$11,799,720$2,623,296$259,373,802
98$296,766,576$12,213,800$2,547,069$285,592,246
99$326,867,490$12,642,999$2,463,120$314,477,993
100$360,033,366$13,087,898$2,371,025$346,302,905