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%11.8%
1 years$163,507$162,050$160,629$159,242$157,888$156,696
2 years$80,944$79,436$77,975$76,559$75,185$73,983
3 years$53,427$51,913$50,455$49,052$47,700$46,526
4 years$39,671$38,161$36,718$35,339$34,020$32,882
5 years$31,419$29,919$28,495$27,144$25,862$24,764
6 years$25,920$24,431$23,028$21,707$20,463$19,407
7 years$21,994$20,517$19,137$17,847$16,642$15,627
8 years$19,050$17,587$16,229$14,971$13,806$12,833
9 years$16,762$15,313$13,978$12,752$11,627$10,695
10 years$14,932$13,497$12,187$10,992$9,907$9,016
11 years$13,437$12,016$10,729$9,567$8,520$7,670
12 years$12,191$10,785$9,522$8,391$7,383$6,572
13 years$11,138$9,746$8,507$7,408$6,438$5,666
14 years$10,236$8,859$7,644$6,576$5,644$4,909
15 years$9,455$8,093$6,901$5,865$4,969$4,271
16 years$8,772$7,425$6,257$5,251$4,392$3,730
17 years$8,170$6,838$5,693$4,718$3,894$3,266
18 years$7,636$6,319$5,197$4,252$3,463$2,868
19 years$7,159$5,856$4,758$3,842$3,086$2,524
20 years$6,729$5,442$4,367$3,480$2,757$2,226
21 years$6,342$5,069$4,016$3,158$2,467$1,966
22 years$5,989$4,732$3,702$2,871$2,211$1,739
23 years$5,668$4,425$3,418$2,615$1,985$1,540
24 years$5,375$4,146$3,161$2,385$1,784$1,365
25 years$5,105$3,891$2,928$2,178$1,605$1,212
26 years$4,856$3,657$2,715$1,992$1,446$1,077
27 years$4,626$3,442$2,521$1,823$1,304$957
28 years$4,413$3,243$2,344$1,670$1,176$851
29 years$4,215$3,059$2,181$1,532$1,062$758
30 years$4,030$2,889$2,032$1,406$960$675
31 years$3,858$2,731$1,894$1,291$868$601
32 years$3,697$2,584$1,767$1,186$785$536
33 years$3,546$2,448$1,650$1,091$710$478
34 years$3,404$2,320$1,542$1,004$643$426
35 years$3,270$2,200$1,441$924$583$380
36 years$3,145$2,088$1,348$851$528$340
37 years$3,026$1,983$1,262$784$478$303
38 years$2,914$1,885$1,182$723$434$271
39 years$2,808$1,792$1,107$666$393$242
40 years$2,707$1,705$1,038$615$357$216
41 years$2,612$1,623$973$567$324$193
42 years$2,521$1,546$913$523$294$172
43 years$2,435$1,473$857$483$267$154
44 years$2,353$1,404$804$446$242$138
45 years$2,274$1,339$755$412$220$123
46 years$2,200$1,277$709$381$199$110
47 years$2,129$1,219$666$352$181$98
48 years$2,060$1,164$626$325$164$88
49 years$1,995$1,111$588$300$149$79
50 years$1,933$1,061$553$278$136$70

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 $2,001 every year, while hoping to spend $31,724 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: 83/10/7 Blend
44$1,980,000$1,980,000$1,980,000$1,980,000
45$2,184,024$2,079,084$2,048,394$2,363,737
46$2,373,040$2,147,205$2,083,261$2,549,583
47$2,580,273$2,217,601$2,118,233$2,749,142
48$2,807,547$2,290,349$2,153,280$2,967,288
49$3,056,871$2,365,531$2,188,369$3,205,864
50$3,330,460$2,443,230$2,223,467$3,466,902
51$3,630,751$2,523,532$2,258,537$3,752,637
52$3,960,430$2,606,527$2,293,541$4,065,534
53$4,322,455$2,692,309$2,328,436$4,408,305
54$4,720,086$2,780,972$2,363,179$4,783,938
55$5,156,913$2,872,618$2,397,724$5,195,724
56$5,636,891$2,967,349$2,432,020$5,647,288
57$6,164,376$3,065,271$2,466,015$6,142,622
58$6,744,169$3,166,497$2,499,654$6,686,126
59$7,381,559$3,271,139$2,532,876$7,282,643
60$8,082,371$3,379,318$2,565,621$7,937,511
61$8,853,024$3,491,156$2,597,821$8,656,609
62$9,700,591$3,606,782$2,629,406$9,446,414
63$10,632,864$3,726,326$2,660,304$10,314,063
64$11,658,427$3,849,927$2,690,435$11,267,415
65$12,786,739$3,977,726$2,719,717$12,315,132
66$14,028,222$4,109,870$2,748,063$13,466,756
67$15,394,360$4,246,513$2,775,382$14,732,800
68$16,897,804$4,387,812$2,801,577$16,124,845
69$18,552,496$4,533,930$2,826,546$17,655,653
70$20,373,797$4,685,039$2,850,181$19,339,284
71$22,378,632$4,841,314$2,872,370$21,191,231
72$24,585,652$5,002,937$2,892,994$23,228,562
73$27,015,406$5,170,099$2,911,927$25,470,085
74$29,690,539$5,342,995$2,929,038$27,936,522
75$32,636,001$5,521,829$2,944,188$30,650,708
76$35,879,287$5,706,813$2,957,232$33,637,800
77$39,450,692$5,898,165$2,968,017$36,925,523
78$43,383,600$6,096,112$2,976,383$40,544,421
79$47,714,796$6,300,890$2,982,160$44,528,156
80$52,484,815$6,512,743$2,985,172$48,913,814
81$57,738,323$6,731,925$2,985,233$53,742,266
82$63,524,542$6,958,699$2,982,148$59,058,543
83$69,897,707$7,193,337$2,975,712$64,912,269
84$76,917,586$7,436,123$2,965,711$71,358,124
85$84,650,037$7,687,351$2,951,919$78,456,361
86$93,167,634$7,947,324$2,934,102$86,273,376
87$102,550,350$8,216,360$2,912,012$94,882,332
88$112,886,310$8,494,787$2,885,389$104,363,852
89$124,272,628$8,782,945$2,853,963$114,806,774
90$136,816,314$9,081,188$2,817,449$126,308,998
91$150,635,295$9,389,883$2,775,551$138,978,400
92$165,859,520$9,709,411$2,727,956$152,933,859
93$182,632,186$10,040,168$2,674,338$168,306,371
94$201,111,098$10,382,565$2,614,357$185,240,290
95$221,470,146$10,737,027$2,547,655$203,894,688
96$243,900,958$11,103,999$2,473,858$224,444,857
97$268,614,700$11,483,938$2,392,576$247,083,964
98$295,844,072$11,877,324$2,303,400$272,024,872
99$325,845,506$12,284,652$2,205,903$299,502,149
100$358,901,585$12,706,437$2,099,638$329,774,285