Can I retire at age 45 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$163,507$162,050$160,629$159,242$157,888$153,202
2 years$80,944$79,436$77,975$76,559$75,185$70,503
3 years$53,427$51,913$50,455$49,052$47,700$43,169
4 years$39,671$38,161$36,718$35,339$34,020$29,674
5 years$31,419$29,919$28,495$27,144$25,862$21,712
6 years$25,920$24,431$23,028$21,707$20,463$16,515
7 years$21,994$20,517$19,137$17,847$16,642$12,894
8 years$19,050$17,587$16,229$14,971$13,806$10,256
9 years$16,762$15,313$13,978$12,752$11,627$8,272
10 years$14,932$13,497$12,187$10,992$9,907$6,741
11 years$13,437$12,016$10,729$9,567$8,520$5,539
12 years$12,191$10,785$9,522$8,391$7,383$4,581
13 years$11,138$9,746$8,507$7,408$6,438$3,808
14 years$10,236$8,859$7,644$6,576$5,644$3,179
15 years$9,455$8,093$6,901$5,865$4,969$2,663
16 years$8,772$7,425$6,257$5,251$4,392$2,237
17 years$8,170$6,838$5,693$4,718$3,894$1,884
18 years$7,636$6,319$5,197$4,252$3,463$1,589
19 years$7,159$5,856$4,758$3,842$3,086$1,343
20 years$6,729$5,442$4,367$3,480$2,757$1,137
21 years$6,342$5,069$4,016$3,158$2,467$963
22 years$5,989$4,732$3,702$2,871$2,211$816
23 years$5,668$4,425$3,418$2,615$1,985$693
24 years$5,375$4,146$3,161$2,385$1,784$588
25 years$5,105$3,891$2,928$2,178$1,605$500
26 years$4,856$3,657$2,715$1,992$1,446$425
27 years$4,626$3,442$2,521$1,823$1,304$362
28 years$4,413$3,243$2,344$1,670$1,176$308
29 years$4,215$3,059$2,181$1,532$1,062$262
30 years$4,030$2,889$2,032$1,406$960$223
31 years$3,858$2,731$1,894$1,291$868$190
32 years$3,697$2,584$1,767$1,186$785$162
33 years$3,546$2,448$1,650$1,091$710$138
34 years$3,404$2,320$1,542$1,004$643$117
35 years$3,270$2,200$1,441$924$583$100
36 years$3,145$2,088$1,348$851$528$85
37 years$3,026$1,983$1,262$784$478$73
38 years$2,914$1,885$1,182$723$434$62
39 years$2,808$1,792$1,107$666$393$53
40 years$2,707$1,705$1,038$615$357$45
41 years$2,612$1,623$973$567$324$38
42 years$2,521$1,546$913$523$294$33
43 years$2,435$1,473$857$483$267$28
44 years$2,353$1,404$804$446$242$24
45 years$2,274$1,339$755$412$220$20
46 years$2,200$1,277$709$381$199$17
47 years$2,129$1,219$666$352$181$15
48 years$2,060$1,164$626$325$164$13
49 years$1,995$1,111$588$300$149$11
50 years$1,933$1,061$553$278$136$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,980,000, adding $2,097 every year, while hoping to spend $50,790 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: 60/10/30 Blend
44$1,980,000$1,980,000$1,980,000$1,980,000
45$2,184,123$2,079,183$2,048,493$2,297,219
46$2,352,863$2,127,023$2,063,077$2,422,610
47$2,537,113$2,175,505$2,076,448$2,553,797
48$2,738,400$2,224,606$2,088,511$2,695,913
49$2,958,408$2,274,302$2,099,166$2,850,036
50$3,198,987$2,324,565$2,108,311$3,017,358
51$3,462,179$2,375,364$2,115,834$3,199,188
52$3,750,229$2,426,664$2,121,622$3,396,974
53$4,065,609$2,478,428$2,125,553$3,612,309
54$4,411,043$2,530,612$2,127,501$3,846,949
55$4,789,530$2,583,173$2,127,333$4,102,832
56$5,204,372$2,636,058$2,124,908$4,382,092
57$5,659,206$2,689,214$2,120,081$4,687,085
58$6,158,040$2,742,579$2,112,698$5,020,405
59$6,705,284$2,796,090$2,102,598$5,384,913
60$7,305,800$2,849,676$2,089,612$5,783,763
61$7,964,941$2,903,259$2,073,564$6,220,432
62$8,688,604$2,956,757$2,054,267$6,698,753
63$9,483,284$3,010,081$2,031,527$7,222,952
64$10,356,137$3,063,134$2,005,142$7,797,687
65$11,315,047$3,115,811$1,974,898$8,428,093
66$12,368,697$3,168,000$1,940,572$9,119,832
67$13,526,654$3,219,582$1,901,930$9,879,144
68$14,799,457$3,270,426$1,858,730$10,712,909
69$16,198,718$3,320,394$1,810,714$11,628,712
70$17,737,231$3,369,336$1,757,616$12,634,912
71$19,429,088$3,417,093$1,699,156$13,740,725
72$21,289,818$3,463,494$1,635,041$14,956,310
73$23,336,530$3,508,356$1,564,966$16,292,865
74$25,588,075$3,551,484$1,488,610$17,762,736
75$28,065,220$3,592,668$1,405,640$19,379,528
76$30,790,849$3,631,686$1,315,706$21,158,242
77$33,790,176$3,668,299$1,218,442$23,115,410
78$37,090,983$3,702,254$1,113,469$25,269,257
79$40,723,879$3,733,281$1,000,386$27,639,871
80$44,722,594$3,761,090$878,778$30,249,395
81$49,124,291$3,785,377$748,210$33,122,234
82$53,969,921$3,805,812$608,227$36,285,291
83$59,304,607$3,822,051$458,356$39,768,217
84$65,178,067$3,833,722$298,102$43,603,695
85$71,645,089$3,840,433$126,947$47,827,748
86$78,766,041$3,841,768$0$52,480,083
87$86,607,445$3,837,282$0$57,622,293
88$95,242,600$3,826,505$0$63,329,308
89$104,752,280$3,808,937$0$69,613,800
90$115,225,487$3,784,050$0$76,534,563
91$126,760,298$3,751,280$0$84,156,384
92$139,464,786$3,710,031$0$92,550,657
93$153,458,043$3,659,671$0$101,796,058
94$168,871,300$3,599,531$0$111,979,284
95$185,849,166$3,528,902$0$123,195,875
96$204,550,993$3,447,030$0$135,551,115
97$225,152,381$3,353,121$0$149,161,025
98$247,846,832$3,246,332$0$164,153,457
99$272,847,577$3,125,771$0$180,669,306
100$300,389,590$2,990,494$0$198,863,834