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

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$163,507$162,050$160,629$159,242$157,888$155,464
2 years$80,944$79,436$77,975$76,559$75,185$72,749
3 years$53,427$51,913$50,455$49,052$47,700$45,328
4 years$39,671$38,161$36,718$35,339$34,020$31,730
5 years$31,419$29,919$28,495$27,144$25,862$23,660
6 years$25,920$24,431$23,028$21,707$20,463$18,352
7 years$21,994$20,517$19,137$17,847$16,642$14,623
8 years$19,050$17,587$16,229$14,971$13,806$11,878
9 years$16,762$15,313$13,978$12,752$11,627$9,789
10 years$14,932$13,497$12,187$10,992$9,907$8,158
11 years$13,437$12,016$10,729$9,567$8,520$6,858
12 years$12,191$10,785$9,522$8,391$7,383$5,807
13 years$11,138$9,746$8,507$7,408$6,438$4,945
14 years$10,236$8,859$7,644$6,576$5,644$4,230
15 years$9,455$8,093$6,901$5,865$4,969$3,634
16 years$8,772$7,425$6,257$5,251$4,392$3,132
17 years$8,170$6,838$5,693$4,718$3,894$2,706
18 years$7,636$6,319$5,197$4,252$3,463$2,344
19 years$7,159$5,856$4,758$3,842$3,086$2,035
20 years$6,729$5,442$4,367$3,480$2,757$1,769
21 years$6,342$5,069$4,016$3,158$2,467$1,541
22 years$5,989$4,732$3,702$2,871$2,211$1,343
23 years$5,668$4,425$3,418$2,615$1,985$1,173
24 years$5,375$4,146$3,161$2,385$1,784$1,024
25 years$5,105$3,891$2,928$2,178$1,605$896
26 years$4,856$3,657$2,715$1,992$1,446$784
27 years$4,626$3,442$2,521$1,823$1,304$686
28 years$4,413$3,243$2,344$1,670$1,176$601
29 years$4,215$3,059$2,181$1,532$1,062$527
30 years$4,030$2,889$2,032$1,406$960$462
31 years$3,858$2,731$1,894$1,291$868$405
32 years$3,697$2,584$1,767$1,186$785$356
33 years$3,546$2,448$1,650$1,091$710$312
34 years$3,404$2,320$1,542$1,004$643$274
35 years$3,270$2,200$1,441$924$583$241
36 years$3,145$2,088$1,348$851$528$211
37 years$3,026$1,983$1,262$784$478$186
38 years$2,914$1,885$1,182$723$434$163
39 years$2,808$1,792$1,107$666$393$143
40 years$2,707$1,705$1,038$615$357$126
41 years$2,612$1,623$973$567$324$111
42 years$2,521$1,546$913$523$294$97
43 years$2,435$1,473$857$483$267$86
44 years$2,353$1,404$804$446$242$75
45 years$2,274$1,339$755$412$220$66
46 years$2,200$1,277$709$381$199$58
47 years$2,129$1,219$666$352$181$51
48 years$2,060$1,164$626$325$164$45
49 years$1,995$1,111$588$300$149$40
50 years$1,933$1,061$553$278$136$35

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 $3,967 every year, while hoping to spend $32,859 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: 61/28/11 Blend
44$1,980,000$1,980,000$1,980,000$1,980,000
45$2,186,052$2,081,112$2,050,422$2,313,548
46$2,374,068$2,148,125$2,084,149$2,466,563
47$2,580,159$2,217,320$2,117,905$2,629,352
48$2,806,137$2,288,769$2,151,656$2,806,172
49$3,053,992$2,362,548$2,185,366$2,998,381
50$3,325,920$2,438,734$2,218,996$3,207,473
51$3,624,337$2,517,406$2,252,506$3,435,091
52$3,951,907$2,598,646$2,285,853$3,683,046
53$4,311,563$2,682,541$2,318,990$3,953,328
54$4,706,535$2,769,179$2,351,870$4,248,130
55$5,140,384$2,858,650$2,384,439$4,569,866
56$5,617,028$2,951,049$2,416,643$4,921,193
57$6,140,789$3,046,475$2,448,424$5,305,037
58$6,716,424$3,145,027$2,479,721$5,724,618
59$7,349,177$3,246,810$2,510,469$6,183,485
60$8,044,821$3,351,932$2,540,599$6,685,545
61$8,809,722$3,460,506$2,570,037$7,235,099
62$9,650,889$3,572,646$2,598,709$7,836,885
63$10,576,045$3,688,471$2,626,532$8,496,121
64$11,593,702$3,808,107$2,653,421$9,218,555
65$12,713,236$3,931,680$2,679,286$10,010,517
66$13,944,976$4,059,323$2,704,032$10,878,980
67$15,300,306$4,191,172$2,727,560$11,831,625
68$16,791,768$4,327,370$2,749,764$12,876,912
69$18,433,180$4,468,062$2,770,532$14,024,160
70$20,239,768$4,613,401$2,789,749$15,283,638
71$22,228,310$4,763,544$2,807,291$16,666,654
72$24,417,292$4,918,652$2,823,030$18,185,670
73$26,827,084$5,078,893$2,836,829$19,854,411
74$29,480,130$5,244,443$2,848,546$21,688,001
75$32,401,162$5,415,479$2,858,032$23,703,102
76$35,617,432$5,592,190$2,865,128$25,918,069
77$39,158,970$5,774,766$2,869,669$28,353,126
78$43,058,863$5,963,409$2,871,482$31,030,556
79$47,353,575$6,158,324$2,870,384$33,974,910
80$52,083,283$6,359,725$2,866,185$37,213,236
81$57,292,260$6,567,833$2,858,685$40,775,339
82$63,029,292$6,782,878$2,847,672$44,694,058
83$69,348,137$7,005,097$2,832,926$49,005,573
84$76,308,036$7,234,735$2,814,218$53,749,755
85$83,974,265$7,472,046$2,791,303$58,970,530
86$92,418,758$7,717,294$2,763,930$64,716,303
87$101,720,781$7,970,752$2,731,831$71,040,409
88$111,967,683$8,232,701$2,694,730$78,001,616
89$123,255,717$8,503,434$2,652,335$85,664,682
90$135,690,952$8,783,255$2,604,340$94,100,960
91$149,390,271$9,072,475$2,550,426$103,389,080
92$164,482,473$9,371,421$2,490,260$113,615,681
93$181,109,493$9,680,429$2,423,492$124,876,233
94$199,427,738$9,999,847$2,349,756$137,275,937
95$219,609,565$10,330,036$2,268,669$150,930,718
96$241,844,903$10,671,371$2,179,833$165,968,315
97$266,343,054$11,024,239$2,082,828$182,529,492
98$293,334,660$11,389,041$1,977,218$200,769,360
99$323,073,886$11,766,195$1,862,545$220,858,843
100$355,840,814$12,156,130$1,738,331$242,986,291