Can I retire at age 45 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$166,810$165,324$163,874$162,459$161,078$157,761
2 years$82,579$81,041$79,551$78,105$76,704$73,377
3 years$54,506$52,961$51,474$50,043$48,664$45,431
4 years$40,472$38,932$37,460$36,053$34,708$31,594
5 years$32,054$30,523$29,071$27,692$26,384$23,398
6 years$26,444$24,925$23,493$22,146$20,877$18,022
7 years$22,438$20,932$19,523$18,207$16,978$14,255
8 years$19,435$17,942$16,557$15,274$14,085$11,493
9 years$17,101$15,622$14,261$13,010$11,862$9,398
10 years$15,234$13,770$12,433$11,214$10,107$7,770
11 years$13,708$12,259$10,946$9,760$8,692$6,479
12 years$12,437$11,003$9,714$8,561$7,533$5,440
13 years$11,363$9,943$8,679$7,558$6,569$4,592
14 years$10,443$9,038$7,798$6,709$5,758$3,895
15 years$9,646$8,256$7,040$5,983$5,070$3,316
16 years$8,949$7,575$6,383$5,357$4,481$2,831
17 years$8,335$6,976$5,808$4,814$3,973$2,424
18 years$7,790$6,447$5,302$4,338$3,532$2,080
19 years$7,303$5,975$4,854$3,920$3,149$1,788
20 years$6,865$5,552$4,455$3,550$2,812$1,540
21 years$6,470$5,171$4,098$3,222$2,517$1,328
22 years$6,110$4,827$3,777$2,929$2,256$1,146
23 years$5,783$4,515$3,487$2,668$2,025$990
24 years$5,483$4,230$3,225$2,433$1,820$857
25 years$5,208$3,970$2,987$2,222$1,638$741
26 years$4,954$3,731$2,770$2,032$1,475$642
27 years$4,720$3,511$2,572$1,860$1,330$556
28 years$4,502$3,309$2,391$1,704$1,200$482
29 years$4,300$3,121$2,225$1,563$1,084$418
30 years$4,112$2,948$2,073$1,434$979$363
31 years$3,936$2,787$1,932$1,317$885$315
32 years$3,772$2,637$1,803$1,210$801$273
33 years$3,618$2,497$1,683$1,113$725$237
34 years$3,473$2,367$1,573$1,024$656$206
35 years$3,337$2,245$1,471$943$594$179
36 years$3,208$2,131$1,376$868$538$156
37 years$3,087$2,023$1,288$800$488$135
38 years$2,973$1,923$1,206$737$442$117
39 years$2,864$1,829$1,130$680$401$102
40 years$2,762$1,740$1,059$627$364$89
41 years$2,664$1,656$993$579$330$77
42 years$2,572$1,577$931$534$300$67
43 years$2,484$1,503$874$493$272$58
44 years$2,400$1,432$820$455$247$51
45 years$2,320$1,366$770$420$224$44
46 years$2,244$1,303$723$388$203$38
47 years$2,172$1,244$680$359$185$33
48 years$2,102$1,187$639$331$168$29
49 years$2,036$1,134$600$306$152$25
50 years$1,972$1,083$564$283$138$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,020,000, adding $2,046 every year, while hoping to spend $27,219 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: 60/27/13 Blend
44$2,020,000$2,020,000$2,020,000$2,020,000
45$2,228,150$2,121,090$2,089,780$2,354,616
46$2,426,461$2,196,063$2,130,827$2,514,936
47$2,644,087$2,273,797$2,172,337$2,686,496
48$2,882,970$2,354,399$2,214,296$2,872,985
49$3,145,248$2,437,980$2,256,690$3,075,849
50$3,433,277$2,524,655$2,299,504$3,296,674
51$3,749,653$2,614,544$2,342,718$3,537,208
52$4,097,233$2,707,773$2,386,315$3,799,375
53$4,479,168$2,804,471$2,430,274$4,085,291
54$4,898,927$2,904,774$2,474,572$4,397,285
55$5,360,333$3,008,822$2,519,185$4,737,922
56$5,867,595$3,116,763$2,564,086$5,110,024
57$6,425,354$3,228,749$2,609,247$5,516,698
58$7,038,722$3,344,939$2,654,639$5,961,364
59$7,713,329$3,465,499$2,700,227$6,447,790
60$8,455,381$3,590,601$2,745,977$6,980,122
61$9,271,715$3,720,425$2,791,851$7,562,926
62$10,169,861$3,855,157$2,837,810$8,201,230
63$11,158,120$3,994,993$2,883,810$8,900,571
64$12,245,636$4,140,136$2,929,805$9,667,047
65$13,442,484$4,290,796$2,975,747$10,507,372
66$14,759,766$4,447,193$3,021,583$11,428,944
67$16,209,715$4,609,558$3,067,259$12,439,907
68$17,805,809$4,778,130$3,112,715$13,549,233
69$19,562,899$4,953,156$3,157,889$14,766,806
70$21,497,351$5,134,897$3,202,714$16,103,509
71$23,627,197$5,323,622$3,247,121$17,571,333
72$25,972,306$5,519,615$3,291,034$19,183,486
73$28,554,573$5,723,168$3,334,376$20,954,518
74$31,398,123$5,934,587$3,377,061$22,900,455
75$34,529,542$6,154,192$3,419,003$25,038,954
76$37,978,123$6,382,315$3,460,107$27,389,466
77$41,776,146$6,619,303$3,500,275$29,973,420
78$45,959,181$6,865,517$3,539,403$32,814,423
79$50,566,425$7,121,335$3,577,380$35,938,484
80$55,641,069$7,387,149$3,614,091$39,374,258
81$61,230,708$7,663,369$3,649,414$43,153,313
82$67,387,789$7,950,423$3,683,218$47,310,432
83$74,170,107$8,248,757$3,715,368$51,883,936
84$81,641,346$8,558,835$3,745,722$56,916,048
85$89,871,688$8,881,142$3,774,128$62,453,287
86$98,938,466$9,216,184$3,800,428$68,546,909
87$108,926,902$9,564,489$3,824,454$75,253,390
88$119,930,905$9,926,608$3,846,032$82,634,955
89$132,053,960$10,303,114$3,864,977$90,760,166
90$145,410,104$10,694,608$3,881,094$99,704,570
91$160,125,005$11,101,714$3,894,181$109,551,407
92$176,337,142$11,525,084$3,904,022$120,392,395
93$194,199,118$11,965,401$3,910,394$132,328,600
94$213,879,096$12,423,374$3,913,061$145,471,381
95$235,562,390$12,899,745$3,911,774$159,943,443
96$259,453,210$13,395,288$3,906,275$175,879,995
97$285,776,592$13,910,813$3,896,290$193,430,025
98$314,780,523$14,447,161$3,881,534$212,757,701
99$346,738,279$15,005,214$3,861,708$234,043,923
100$381,951,005$15,585,891$3,836,496$257,488,027