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%12.6%
1 years$162,681$161,232$159,818$158,438$157,091$155,385
2 years$80,535$79,035$77,582$76,172$74,805$73,088
3 years$53,157$51,650$50,200$48,804$47,459$45,784
4 years$39,470$37,968$36,533$35,161$33,848$32,228
5 years$31,260$29,768$28,351$27,007$25,731$24,169
6 years$25,789$24,308$22,912$21,598$20,360$18,860
7 years$21,883$20,413$19,040$17,757$16,558$15,119
8 years$18,954$17,498$16,147$14,896$13,737$12,360
9 years$16,677$15,235$13,908$12,688$11,568$10,252
10 years$14,857$13,429$12,125$10,937$9,857$8,601
11 years$13,369$11,955$10,675$9,518$8,477$7,281
12 years$12,129$10,730$9,474$8,349$7,346$6,208
13 years$11,082$9,697$8,464$7,371$6,406$5,324
14 years$10,184$8,814$7,605$6,543$5,615$4,589
15 years$9,407$8,052$6,866$5,835$4,944$3,971
16 years$8,728$7,388$6,225$5,225$4,370$3,448
17 years$8,129$6,804$5,665$4,694$3,875$3,003
18 years$7,598$6,287$5,171$4,231$3,445$2,622
19 years$7,122$5,827$4,734$3,823$3,071$2,294
20 years$6,695$5,414$4,345$3,462$2,743$2,011
21 years$6,310$5,043$3,996$3,142$2,454$1,766
22 years$5,959$4,708$3,683$2,857$2,200$1,553
23 years$5,640$4,403$3,401$2,602$1,975$1,367
24 years$5,347$4,125$3,145$2,373$1,775$1,204
25 years$5,079$3,871$2,913$2,167$1,597$1,062
26 years$4,831$3,639$2,702$1,982$1,439$938
27 years$4,603$3,424$2,509$1,814$1,297$828
28 years$4,391$3,227$2,332$1,662$1,170$732
29 years$4,194$3,044$2,170$1,524$1,057$648
30 years$4,010$2,875$2,022$1,399$955$573
31 years$3,839$2,718$1,885$1,285$863$507
32 years$3,678$2,571$1,758$1,180$781$449
33 years$3,528$2,435$1,642$1,086$707$398
34 years$3,387$2,308$1,534$999$640$353
35 years$3,254$2,189$1,434$919$580$312
36 years$3,129$2,078$1,342$847$525$277
37 years$3,011$1,973$1,256$780$476$246
38 years$2,899$1,875$1,176$719$432$218
39 years$2,793$1,783$1,102$663$391$193
40 years$2,693$1,697$1,033$612$355$171
41 years$2,598$1,615$968$564$322$152
42 years$2,508$1,538$908$521$292$135
43 years$2,422$1,466$852$481$265$120
44 years$2,341$1,397$800$444$241$106
45 years$2,263$1,332$751$410$219$94
46 years$2,189$1,271$706$379$198$84
47 years$2,118$1,213$663$350$180$74
48 years$2,050$1,158$623$323$164$66
49 years$1,985$1,106$586$299$149$59
50 years$1,923$1,056$550$276$135$52

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 $3,140 every year, while hoping to spend $47,420 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: 38/42/20 Blend
44$1,970,000$1,970,000$1,970,000$1,970,000
45$2,174,179$2,069,769$2,039,234$2,243,654
46$2,345,491$2,120,733$2,057,094$2,345,084
47$2,532,687$2,172,605$2,073,963$2,449,919
48$2,737,338$2,225,380$2,089,757$2,562,243
49$2,961,172$2,279,049$2,104,390$2,682,758
50$3,206,093$2,333,604$2,117,768$2,812,237
51$3,474,197$2,389,033$2,129,796$2,951,534
52$3,767,791$2,445,322$2,140,370$3,101,588
53$4,089,418$2,502,454$2,149,385$3,263,434
54$4,441,876$2,560,412$2,156,726$3,438,212
55$4,828,247$2,619,173$2,162,277$3,627,179
56$5,251,928$2,678,711$2,165,913$3,831,722
57$5,716,657$2,739,000$2,167,503$4,053,366
58$6,226,552$2,800,008$2,166,911$4,293,794
59$6,786,152$2,861,699$2,163,993$4,554,860
60$7,400,451$2,924,035$2,158,599$4,838,610
61$8,074,956$2,986,971$2,150,571$5,147,297
62$8,815,730$3,050,461$2,139,743$5,483,405
63$9,629,452$3,114,451$2,125,942$5,849,671
64$10,523,480$3,178,884$2,108,986$6,249,116
65$11,505,923$3,243,697$2,088,684$6,685,066
66$12,585,709$3,308,820$2,064,838$7,161,189
67$13,772,679$3,374,179$2,037,237$7,681,531
68$15,077,671$3,439,693$2,005,663$8,250,548
69$16,512,627$3,505,272$1,969,887$8,873,156
70$18,090,706$3,570,821$1,929,669$9,554,773
71$19,826,404$3,636,237$1,884,758$10,301,373
72$21,735,691$3,701,407$1,834,892$11,119,539
73$23,836,167$3,766,211$1,779,796$12,016,532
74$26,147,218$3,830,518$1,719,182$13,000,354
75$28,690,210$3,894,189$1,652,750$14,079,828
76$31,488,680$3,957,072$1,580,186$15,264,680
77$34,568,564$4,019,008$1,501,161$16,565,631
78$37,958,440$4,079,821$1,415,332$17,994,502
79$41,689,795$4,139,327$1,322,340$19,564,323
80$45,797,326$4,197,325$1,221,809$21,289,458
81$50,319,262$4,253,604$1,113,350$23,185,742
82$55,297,731$4,307,934$996,550$25,270,631
83$60,779,149$4,360,072$870,984$27,563,367
84$66,814,665$4,409,758$736,205$30,085,162
85$73,460,639$4,456,715$591,746$32,859,399
86$80,779,175$4,500,644$437,120$35,911,854
87$88,838,706$4,541,231$271,819$39,270,941
88$97,714,641$4,578,139$95,312$42,967,979
89$107,490,075$4,611,008$0$47,037,492
90$118,256,572$4,639,457$0$51,537,395
91$130,115,031$4,663,079$0$56,512,776
92$143,176,636$4,681,442$0$61,989,641
93$157,563,905$4,694,085$0$68,019,093
94$173,411,849$4,700,520$0$74,657,453
95$190,869,240$4,700,228$0$81,966,791
96$210,100,020$4,692,657$0$90,015,515
97$231,284,847$4,677,222$0$98,879,018
98$254,622,797$4,653,301$0$108,640,392
99$280,333,244$4,620,236$0$119,391,210
100$308,657,934$4,577,326$0$131,232,395