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

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$162,681$161,232$159,818$158,438$157,091$154,488
2 years$80,535$79,035$77,582$76,172$74,805$72,191
3 years$53,157$51,650$50,200$48,804$47,459$44,915
4 years$39,470$37,968$36,533$35,161$33,848$31,393
5 years$31,260$29,768$28,351$27,007$25,731$23,372
6 years$25,789$24,308$22,912$21,598$20,360$18,099
7 years$21,883$20,413$19,040$17,757$16,558$14,397
8 years$18,954$17,498$16,147$14,896$13,737$11,675
9 years$16,677$15,235$13,908$12,688$11,568$9,604
10 years$14,857$13,429$12,125$10,937$9,857$7,989
11 years$13,369$11,955$10,675$9,518$8,477$6,704
12 years$12,129$10,730$9,474$8,349$7,346$5,665
13 years$11,082$9,697$8,464$7,371$6,406$4,814
14 years$10,184$8,814$7,605$6,543$5,615$4,111
15 years$9,407$8,052$6,866$5,835$4,944$3,524
16 years$8,728$7,388$6,225$5,225$4,370$3,030
17 years$8,129$6,804$5,665$4,694$3,875$2,613
18 years$7,598$6,287$5,171$4,231$3,445$2,259
19 years$7,122$5,827$4,734$3,823$3,071$1,956
20 years$6,695$5,414$4,345$3,462$2,743$1,697
21 years$6,310$5,043$3,996$3,142$2,454$1,475
22 years$5,959$4,708$3,683$2,857$2,200$1,283
23 years$5,640$4,403$3,401$2,602$1,975$1,117
24 years$5,347$4,125$3,145$2,373$1,775$974
25 years$5,079$3,871$2,913$2,167$1,597$849
26 years$4,831$3,639$2,702$1,982$1,439$742
27 years$4,603$3,424$2,509$1,814$1,297$648
28 years$4,391$3,227$2,332$1,662$1,170$566
29 years$4,194$3,044$2,170$1,524$1,057$495
30 years$4,010$2,875$2,022$1,399$955$433
31 years$3,839$2,718$1,885$1,285$863$379
32 years$3,678$2,571$1,758$1,180$781$332
33 years$3,528$2,435$1,642$1,086$707$290
34 years$3,387$2,308$1,534$999$640$254
35 years$3,254$2,189$1,434$919$580$223
36 years$3,129$2,078$1,342$847$525$195
37 years$3,011$1,973$1,256$780$476$171
38 years$2,899$1,875$1,176$719$432$150
39 years$2,793$1,783$1,102$663$391$131
40 years$2,693$1,697$1,033$612$355$115
41 years$2,598$1,615$968$564$322$101
42 years$2,508$1,538$908$521$292$88
43 years$2,422$1,466$852$481$265$78
44 years$2,341$1,397$800$444$241$68
45 years$2,263$1,332$751$410$219$60
46 years$2,189$1,271$706$379$198$52
47 years$2,118$1,213$663$350$180$46
48 years$2,050$1,158$623$323$164$40
49 years$1,985$1,106$586$299$149$35
50 years$1,923$1,056$550$276$135$31

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 $5,186 every year, while hoping to spend $51,814 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: 54/26/20 Blend
44$1,970,000$1,970,000$1,970,000$1,970,000
45$2,176,289$2,071,879$2,041,344$2,281,698
46$2,343,141$2,118,272$2,054,600$2,400,888
47$2,525,275$2,165,201$2,066,563$2,524,674
48$2,724,196$2,212,638$2,077,135$2,658,304
49$2,941,559$2,260,552$2,086,214$2,802,735
50$3,179,186$2,308,908$2,093,690$2,959,018
51$3,439,086$2,357,667$2,099,452$3,128,316
52$3,723,468$2,406,788$2,103,379$3,311,905
53$4,034,765$2,456,224$2,105,345$3,511,197
54$4,375,656$2,505,924$2,105,220$3,727,745
55$4,749,093$2,555,834$2,102,864$3,963,262
56$5,158,325$2,605,895$2,098,135$4,219,634
57$5,606,930$2,656,040$2,090,878$4,498,943
58$6,098,851$2,706,199$2,080,936$4,803,483
59$6,638,428$2,756,297$2,068,142$5,135,781
60$7,230,442$2,806,250$2,052,319$5,498,625
61$7,880,162$2,855,971$2,033,286$5,895,086
62$8,593,387$2,905,363$2,010,850$6,328,552
63$9,376,509$2,954,322$1,984,811$6,802,756
64$10,236,568$3,002,738$1,954,956$7,321,813
65$11,181,317$3,050,492$1,921,067$7,890,260
66$12,219,300$3,097,455$1,882,911$8,513,098
67$13,359,929$3,143,490$1,840,249$9,195,841
68$14,613,571$3,188,450$1,792,826$9,944,567
69$15,991,649$3,232,178$1,740,380$10,765,975
70$17,506,746$3,274,504$1,682,632$11,667,451
71$19,172,728$3,315,249$1,619,294$12,657,136
72$21,004,870$3,354,219$1,550,063$13,744,007
73$23,020,000$3,391,209$1,474,624$14,937,956
74$25,236,661$3,426,000$1,392,645$16,249,890
75$27,675,284$3,458,357$1,303,782$17,691,831
76$30,358,377$3,488,031$1,207,673$19,277,032
77$33,310,743$3,514,756$1,103,941$21,020,101
78$36,559,708$3,538,248$992,193$22,937,142
79$40,135,382$3,558,206$872,015$25,045,906
80$44,070,943$3,574,310$742,979$27,365,960
81$48,402,946$3,586,218$604,636$29,918,872
82$53,171,671$3,593,567$456,516$32,728,417
83$58,421,502$3,595,973$298,130$35,820,799
84$64,201,346$3,593,026$128,968$39,224,907
85$70,565,090$3,584,291$0$42,972,578
86$77,572,115$3,569,308$0$47,109,912
87$85,287,852$3,547,585$0$51,694,675
88$93,784,402$3,518,605$0$56,742,078
89$103,141,210$3,481,816$0$62,299,250
90$113,445,823$3,436,635$0$68,418,125
91$124,794,710$3,382,442$0$75,155,942
92$137,294,171$3,318,583$0$82,575,777
93$151,061,345$3,244,362$0$90,747,148
94$166,225,310$3,159,044$0$99,746,665
95$182,928,305$3,061,850$0$109,658,757
96$201,327,068$2,951,957$0$120,576,471
97$221,594,316$2,828,490$0$132,602,349
98$243,920,379$2,690,529$0$145,849,399
99$268,514,988$2,537,095$0$160,442,160
100$295,609,262$2,367,158$0$176,517,884