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%18.3%
1 years$162,681$161,232$159,818$158,438$157,091$151,819
2 years$80,535$79,035$77,582$76,172$74,805$69,546
3 years$53,157$51,650$50,200$48,804$47,459$42,378
4 years$39,470$37,968$36,533$35,161$33,848$28,984
5 years$31,260$29,768$28,351$27,007$25,731$21,096
6 years$25,789$24,308$22,912$21,598$20,360$15,958
7 years$21,883$20,413$19,040$17,757$16,558$12,389
8 years$18,954$17,498$16,147$14,896$13,737$9,797
9 years$16,677$15,235$13,908$12,688$11,568$7,853
10 years$14,857$13,429$12,125$10,937$9,857$6,360
11 years$13,369$11,955$10,675$9,518$8,477$5,192
12 years$12,129$10,730$9,474$8,349$7,346$4,266
13 years$11,082$9,697$8,464$7,371$6,406$3,522
14 years$10,184$8,814$7,605$6,543$5,615$2,920
15 years$9,407$8,052$6,866$5,835$4,944$2,429
16 years$8,728$7,388$6,225$5,225$4,370$2,026
17 years$8,129$6,804$5,665$4,694$3,875$1,693
18 years$7,598$6,287$5,171$4,231$3,445$1,418
19 years$7,122$5,827$4,734$3,823$3,071$1,189
20 years$6,695$5,414$4,345$3,462$2,743$999
21 years$6,310$5,043$3,996$3,142$2,454$840
22 years$5,959$4,708$3,683$2,857$2,200$706
23 years$5,640$4,403$3,401$2,602$1,975$595
24 years$5,347$4,125$3,145$2,373$1,775$501
25 years$5,079$3,871$2,913$2,167$1,597$422
26 years$4,831$3,639$2,702$1,982$1,439$356
27 years$4,603$3,424$2,509$1,814$1,297$301
28 years$4,391$3,227$2,332$1,662$1,170$254
29 years$4,194$3,044$2,170$1,524$1,057$214
30 years$4,010$2,875$2,022$1,399$955$181
31 years$3,839$2,718$1,885$1,285$863$153
32 years$3,678$2,571$1,758$1,180$781$129
33 years$3,528$2,435$1,642$1,086$707$109
34 years$3,387$2,308$1,534$999$640$92
35 years$3,254$2,189$1,434$919$580$78
36 years$3,129$2,078$1,342$847$525$66
37 years$3,011$1,973$1,256$780$476$55
38 years$2,899$1,875$1,176$719$432$47
39 years$2,793$1,783$1,102$663$391$40
40 years$2,693$1,697$1,033$612$355$33
41 years$2,598$1,615$968$564$322$28
42 years$2,508$1,538$908$521$292$24
43 years$2,422$1,466$852$481$265$20
44 years$2,341$1,397$800$444$241$17
45 years$2,263$1,332$751$410$219$14
46 years$2,189$1,271$706$379$198$12
47 years$2,118$1,213$663$350$180$10
48 years$2,050$1,158$623$323$164$9
49 years$1,985$1,106$586$299$149$7
50 years$1,923$1,056$550$276$135$6

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 $6,889 every year, while hoping to spend $39,357 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: 43/28/29 Blend
44$1,970,000$1,970,000$1,970,000$1,970,000
45$2,178,046$2,073,636$2,043,101$2,253,027
46$2,358,331$2,133,369$2,069,669$2,367,261
47$2,555,686$2,194,709$2,095,809$2,486,720
48$2,771,811$2,257,695$2,121,463$2,615,413
49$3,008,577$2,322,363$2,146,573$2,754,222
50$3,268,045$2,388,752$2,171,077$2,904,115
51$3,552,486$2,456,901$2,194,908$3,066,160
52$3,864,400$2,526,849$2,217,998$3,241,532
53$4,206,540$2,598,636$2,240,272$3,431,527
54$4,581,939$2,672,301$2,261,653$3,637,569
55$4,993,938$2,747,886$2,282,060$3,861,229
56$5,446,218$2,825,430$2,301,407$4,104,239
57$5,942,831$2,904,975$2,319,603$4,368,503
58$6,488,244$2,986,563$2,336,553$4,656,121
59$7,087,374$3,070,234$2,352,158$4,969,407
60$7,745,642$3,156,031$2,366,311$5,310,909
61$8,469,017$3,243,996$2,378,902$5,683,435
62$9,264,076$3,334,171$2,389,814$6,090,080
63$10,138,064$3,426,598$2,398,925$6,534,252
64$11,098,964$3,521,319$2,406,107$7,019,708
65$12,155,571$3,618,376$2,411,224$7,550,588
66$13,317,574$3,717,811$2,414,134$8,131,453
67$14,595,648$3,819,665$2,414,689$8,767,330
68$16,001,556$3,923,981$2,412,733$9,463,756
69$17,548,257$4,030,798$2,408,102$10,226,838
70$19,250,029$4,140,157$2,400,623$11,063,300
71$21,122,605$4,252,098$2,390,117$11,980,557
72$23,183,320$4,366,660$2,376,396$12,986,776
73$25,451,273$4,483,881$2,359,259$14,090,962
74$27,947,511$4,603,798$2,338,502$15,303,035
75$30,695,220$4,726,448$2,313,906$16,633,929
76$33,719,954$4,851,865$2,285,243$18,095,694
77$37,049,866$4,980,083$2,252,275$19,701,611
78$40,715,979$5,111,134$2,214,753$21,466,313
79$44,752,477$5,245,048$2,172,415$23,405,932
80$49,197,027$5,381,852$2,124,988$25,538,241
81$54,091,135$5,521,574$2,072,186$27,882,831
82$59,480,536$5,664,236$2,013,710$30,461,292
83$65,415,627$5,809,860$1,949,246$33,297,417
84$71,951,942$5,958,464$1,878,466$36,417,429
85$79,150,674$6,110,064$1,801,029$39,850,228
86$87,079,256$6,264,670$1,716,577$43,627,662
87$95,811,992$6,422,291$1,624,734$47,784,833
88$105,430,763$6,582,931$1,525,110$52,360,425
89$116,025,796$6,746,589$1,417,297$57,397,070
90$127,696,517$6,913,262$1,300,866$62,941,754
91$140,552,488$7,082,938$1,175,371$69,046,256
92$154,714,442$7,255,602$1,040,347$75,767,645
93$170,315,422$7,431,234$895,305$83,168,810
94$187,502,035$7,609,805$739,738$91,319,064
95$206,435,838$7,791,280$573,115$100,294,793
96$227,294,859$7,975,619$394,880$110,180,179
97$250,275,282$8,162,771$204,455$121,067,997
98$275,593,292$8,352,679$1,236$133,060,493
99$303,487,123$8,545,274$0$146,270,347
100$334,219,298$8,740,482$0$160,888,463