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

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 $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%13.5%
1 years$166,810$165,324$163,874$162,459$161,078$158,736
2 years$82,579$81,041$79,551$78,105$76,704$74,349
3 years$54,506$52,961$51,474$50,043$48,664$46,370
4 years$40,472$38,932$37,460$36,053$34,708$32,492
5 years$32,054$30,523$29,071$27,692$26,384$24,253
6 years$26,444$24,925$23,493$22,146$20,877$18,833
7 years$22,438$20,932$19,523$18,207$16,978$15,023
8 years$19,435$17,942$16,557$15,274$14,085$12,217
9 years$17,101$15,622$14,261$13,010$11,862$10,081
10 years$15,234$13,770$12,433$11,214$10,107$8,411
11 years$13,708$12,259$10,946$9,760$8,692$7,080
12 years$12,437$11,003$9,714$8,561$7,533$6,002
13 years$11,363$9,943$8,679$7,558$6,569$5,118
14 years$10,443$9,038$7,798$6,709$5,758$4,384
15 years$9,646$8,256$7,040$5,983$5,070$3,771
16 years$8,949$7,575$6,383$5,357$4,481$3,254
17 years$8,335$6,976$5,808$4,814$3,973$2,816
18 years$7,790$6,447$5,302$4,338$3,532$2,443
19 years$7,303$5,975$4,854$3,920$3,149$2,124
20 years$6,865$5,552$4,455$3,550$2,812$1,849
21 years$6,470$5,171$4,098$3,222$2,517$1,613
22 years$6,110$4,827$3,777$2,929$2,256$1,408
23 years$5,783$4,515$3,487$2,668$2,025$1,231
24 years$5,483$4,230$3,225$2,433$1,820$1,077
25 years$5,208$3,970$2,987$2,222$1,638$944
26 years$4,954$3,731$2,770$2,032$1,475$827
27 years$4,720$3,511$2,572$1,860$1,330$725
28 years$4,502$3,309$2,391$1,704$1,200$637
29 years$4,300$3,121$2,225$1,563$1,084$559
30 years$4,112$2,948$2,073$1,434$979$491
31 years$3,936$2,787$1,932$1,317$885$431
32 years$3,772$2,637$1,803$1,210$801$379
33 years$3,618$2,497$1,683$1,113$725$333
34 years$3,473$2,367$1,573$1,024$656$293
35 years$3,337$2,245$1,471$943$594$258
36 years$3,208$2,131$1,376$868$538$227
37 years$3,087$2,023$1,288$800$488$200
38 years$2,973$1,923$1,206$737$442$176
39 years$2,864$1,829$1,130$680$401$155
40 years$2,762$1,740$1,059$627$364$136
41 years$2,664$1,656$993$579$330$120
42 years$2,572$1,577$931$534$300$106
43 years$2,484$1,503$874$493$272$93
44 years$2,400$1,432$820$455$247$82
45 years$2,320$1,366$770$420$224$72
46 years$2,244$1,303$723$388$203$63
47 years$2,172$1,244$680$359$185$56
48 years$2,102$1,187$639$331$168$49
49 years$2,036$1,134$600$306$152$43
50 years$1,972$1,083$564$283$138$38

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 $4,391 every year, while hoping to spend $48,377 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: 87/6/7 Blend
44$2,020,000$2,020,000$2,020,000$2,020,000
45$2,230,569$2,123,509$2,092,199$2,423,124
46$2,406,615$2,176,089$2,110,815$2,601,827
47$2,598,995$2,229,623$2,128,433$2,791,067
48$2,809,326$2,284,108$2,144,969$2,997,502
49$3,039,386$2,339,537$2,160,334$3,222,832
50$3,291,132$2,395,903$2,174,434$3,468,926
51$3,566,720$2,453,196$2,187,171$3,737,844
52$3,868,526$2,511,402$2,198,441$4,031,854
53$4,199,162$2,570,508$2,208,135$4,353,453
54$4,561,509$2,630,495$2,216,140$4,705,394
55$4,958,737$2,691,343$2,222,335$5,090,706
56$5,394,339$2,753,030$2,226,594$5,512,727
57$5,872,162$2,815,529$2,228,785$5,975,135
58$6,396,442$2,878,809$2,228,769$6,481,979
59$6,971,846$2,942,837$2,226,400$7,037,721
60$7,603,514$3,007,577$2,221,524$7,647,277
61$8,297,110$3,072,985$2,213,983$8,316,062
62$9,058,871$3,139,017$2,203,607$9,050,041
63$9,895,668$3,205,621$2,190,220$9,855,786
64$10,815,071$3,272,742$2,173,638$10,740,538
65$11,825,420$3,340,318$2,153,666$11,712,275
66$12,935,902$3,408,283$2,130,103$12,779,786
67$14,156,638$3,476,563$2,102,736$13,952,755
68$15,498,780$3,545,079$2,071,341$15,241,854
69$16,974,612$3,613,744$2,035,688$16,658,837
70$18,597,669$3,682,465$1,995,531$18,216,658
71$20,382,866$3,751,140$1,950,615$19,929,592
72$22,346,632$3,819,659$1,900,675$21,813,364
73$24,507,071$3,887,905$1,845,430$23,885,303
74$26,884,129$3,955,749$1,784,588$26,164,504
75$29,499,782$4,023,053$1,717,844$28,672,006
76$32,378,247$4,089,669$1,644,879$31,430,994
77$35,546,204$4,155,439$1,565,358$34,467,014
78$39,033,051$4,220,190$1,478,932$37,808,217
79$42,871,183$4,283,740$1,385,237$41,485,620
80$47,096,293$4,345,892$1,283,891$45,533,406
81$51,747,709$4,406,436$1,174,496$49,989,239
82$56,868,769$4,465,145$1,056,636$54,894,624
83$62,507,225$4,521,778$929,875$60,295,297
84$68,715,696$4,576,079$793,759$66,241,657
85$75,552,162$4,627,772$647,815$72,789,241
86$83,080,513$4,676,563$491,547$79,999,248
87$91,371,149$4,722,139$324,438$87,939,119
88$100,501,648$4,764,165$145,948$96,683,169
89$110,557,492$4,802,285$0$106,313,293
90$121,632,880$4,836,121$0$116,923,061
91$133,831,611$4,865,269$0$128,620,445
92$147,268,067$4,889,298$0$141,504,166
93$162,068,288$4,907,752$0$155,695,038
94$178,371,166$4,920,144$0$171,326,191
95$196,329,753$4,925,960$0$188,544,328
96$216,112,705$4,924,649$0$207,511,114
97$237,905,874$4,915,629$0$228,404,694
98$261,914,060$4,898,283$0$251,421,382
99$288,362,948$4,871,952$0$276,777,508
100$317,501,233$4,835,942$0$304,711,462