Can I retire at age 45 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$164,332$162,869$161,440$160,046$158,685$157,225
2 years$81,353$79,838$78,369$76,945$75,564$74,093
3 years$53,696$52,175$50,710$49,300$47,941$46,504
4 years$39,871$38,354$36,904$35,518$34,192$32,801
5 years$31,578$30,070$28,639$27,281$25,992$24,651
6 years$26,051$24,554$23,145$21,817$20,567$19,277
7 years$22,105$20,621$19,233$17,937$16,726$15,488
8 years$19,146$17,676$16,311$15,047$13,876$12,690
9 years$16,847$15,390$14,049$12,816$11,686$10,551
10 years$15,008$13,565$12,248$11,048$9,957$8,873
11 years$13,504$12,077$10,783$9,615$8,563$7,530
12 years$12,253$10,839$9,570$8,434$7,421$6,436
13 years$11,194$9,796$8,550$7,446$6,471$5,534
14 years$10,288$8,904$7,682$6,609$5,672$4,783
15 years$9,503$8,134$6,936$5,894$4,994$4,150
16 years$8,816$7,463$6,288$5,278$4,414$3,614
17 years$8,212$6,873$5,722$4,742$3,914$3,156
18 years$7,675$6,351$5,224$4,274$3,480$2,764
19 years$7,195$5,886$4,782$3,862$3,102$2,425
20 years$6,763$5,469$4,389$3,497$2,771$2,132
21 years$6,374$5,095$4,037$3,174$2,479$1,878
22 years$6,020$4,756$3,720$2,886$2,222$1,656
23 years$5,697$4,448$3,435$2,628$1,995$1,462
24 years$5,402$4,167$3,177$2,397$1,793$1,292
25 years$5,131$3,911$2,943$2,189$1,614$1,143
26 years$4,881$3,676$2,729$2,002$1,453$1,013
27 years$4,649$3,459$2,534$1,832$1,310$897
28 years$4,435$3,259$2,356$1,679$1,182$796
29 years$4,236$3,075$2,192$1,539$1,068$706
30 years$4,051$2,904$2,042$1,413$965$627
31 years$3,878$2,745$1,904$1,298$872$557
32 years$3,716$2,598$1,776$1,192$789$494
33 years$3,564$2,460$1,658$1,097$714$439
34 years$3,421$2,331$1,550$1,009$646$391
35 years$3,287$2,211$1,449$929$586$347
36 years$3,161$2,099$1,355$855$530$309
37 years$3,041$1,993$1,269$788$481$275
38 years$2,928$1,894$1,188$726$436$245
39 years$2,822$1,801$1,113$670$395$218
40 years$2,721$1,714$1,043$618$359$194
41 years$2,625$1,632$978$570$325$173
42 years$2,534$1,554$918$526$295$154
43 years$2,447$1,480$861$486$268$137
44 years$2,364$1,411$808$448$243$122
45 years$2,286$1,346$759$414$221$109
46 years$2,211$1,284$713$382$200$97
47 years$2,139$1,225$670$353$182$86
48 years$2,071$1,170$629$327$165$77
49 years$2,006$1,117$591$302$150$68
50 years$1,943$1,067$556$279$136$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,990,000, adding $5,039 every year, while hoping to spend $52,102 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: 44/43/13 Blend
44$1,990,000$1,990,000$1,990,000$1,990,000
45$2,198,178$2,092,708$2,061,863$2,286,466
46$2,366,956$2,139,814$2,075,499$2,395,647
47$2,551,203$2,187,483$2,087,846$2,508,268
48$2,752,442$2,235,686$2,098,805$2,629,187
49$2,972,349$2,284,393$2,108,273$2,759,188
50$3,212,771$2,333,570$2,116,143$2,899,138
51$3,475,739$2,383,180$2,122,298$3,049,990
52$3,763,490$2,433,182$2,126,621$3,212,793
53$4,078,488$2,483,530$2,128,985$3,388,706
54$4,423,447$2,534,176$2,129,259$3,579,003
55$4,801,353$2,585,065$2,127,304$3,785,092
56$5,215,498$2,636,140$2,122,975$4,008,521
57$5,669,504$2,687,336$2,116,120$4,250,999
58$6,167,362$2,738,584$2,106,579$4,514,408
59$6,713,468$2,789,810$2,094,185$4,800,823
60$7,312,664$2,840,933$2,078,762$5,112,533
61$7,970,282$2,891,865$2,060,127$5,452,059
62$8,692,197$2,942,512$2,038,087$5,822,180
63$9,484,878$2,992,773$2,012,440$6,225,962
64$10,355,455$3,042,538$1,982,976$6,666,784
65$11,311,778$3,091,689$1,949,473$7,148,370
66$12,362,499$3,140,101$1,911,700$7,674,827
67$13,517,146$3,187,638$1,869,414$8,250,682
68$14,786,218$3,234,155$1,822,362$8,880,926
69$16,181,280$3,279,497$1,770,279$9,571,061
70$17,715,075$3,323,497$1,712,888$10,327,155
71$19,401,641$3,365,977$1,649,898$11,155,894
72$21,256,445$3,406,746$1,581,007$12,064,652
73$23,296,528$3,445,603$1,505,896$13,061,558
74$25,540,666$3,482,328$1,424,235$14,155,573
75$28,009,543$3,516,692$1,335,677$15,356,577
76$30,725,954$3,548,448$1,239,859$16,675,463
77$33,715,011$3,577,331$1,136,404$18,124,237
78$37,004,385$3,603,063$1,024,916$19,716,137
79$40,624,564$3,625,345$904,982$21,465,757
80$44,609,141$3,643,858$776,171$23,389,185
81$48,995,133$3,658,267$638,032$25,504,157
82$53,823,325$3,668,211$490,095$27,830,224
83$59,138,660$3,673,309$331,869$30,388,940
84$64,990,658$3,673,155$162,841$33,204,064
85$71,433,885$3,667,320$0$36,301,790
86$78,528,468$3,655,345$0$39,713,423
87$86,340,660$3,636,746$0$43,492,623
88$94,943,468$3,611,007$0$47,651,943
89$104,417,339$3,577,583$0$52,230,146
90$114,850,918$3,535,895$0$57,269,951
91$126,341,886$3,485,329$0$62,818,445
92$138,997,883$3,425,235$0$68,927,527
93$152,937,520$3,354,923$0$75,654,396
94$168,291,497$3,273,665$0$83,062,099
95$185,203,842$3,180,687$0$91,220,122
96$203,833,265$3,075,172$0$100,205,050
97$224,354,655$2,956,253$0$110,101,294
98$246,960,735$2,823,014$0$121,001,886
99$271,863,876$2,674,487$0$133,009,364
100$299,298,100$2,509,646$0$146,236,737