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%18.6%
1 years$166,810$165,324$163,874$162,459$161,078$155,486
2 years$82,579$81,041$79,551$78,105$76,704$71,128
3 years$54,506$52,961$51,474$50,043$48,664$43,280
4 years$40,472$38,932$37,460$36,053$34,708$29,556
5 years$32,054$30,523$29,071$27,692$26,384$21,478
6 years$26,444$24,925$23,493$22,146$20,877$16,220
7 years$22,438$20,932$19,523$18,207$16,978$12,571
8 years$19,435$17,942$16,557$15,274$14,085$9,923
9 years$17,101$15,622$14,261$13,010$11,862$7,939
10 years$15,234$13,770$12,433$11,214$10,107$6,418
11 years$13,708$12,259$10,946$9,760$8,692$5,229
12 years$12,437$11,003$9,714$8,561$7,533$4,288
13 years$11,363$9,943$8,679$7,558$6,569$3,533
14 years$10,443$9,038$7,798$6,709$5,758$2,923
15 years$9,646$8,256$7,040$5,983$5,070$2,426
16 years$8,949$7,575$6,383$5,357$4,481$2,019
17 years$8,335$6,976$5,808$4,814$3,973$1,684
18 years$7,790$6,447$5,302$4,338$3,532$1,407
19 years$7,303$5,975$4,854$3,920$3,149$1,177
20 years$6,865$5,552$4,455$3,550$2,812$986
21 years$6,470$5,171$4,098$3,222$2,517$827
22 years$6,110$4,827$3,777$2,929$2,256$694
23 years$5,783$4,515$3,487$2,668$2,025$583
24 years$5,483$4,230$3,225$2,433$1,820$490
25 years$5,208$3,970$2,987$2,222$1,638$412
26 years$4,954$3,731$2,770$2,032$1,475$347
27 years$4,720$3,511$2,572$1,860$1,330$292
28 years$4,502$3,309$2,391$1,704$1,200$246
29 years$4,300$3,121$2,225$1,563$1,084$207
30 years$4,112$2,948$2,073$1,434$979$174
31 years$3,936$2,787$1,932$1,317$885$147
32 years$3,772$2,637$1,803$1,210$801$124
33 years$3,618$2,497$1,683$1,113$725$104
34 years$3,473$2,367$1,573$1,024$656$88
35 years$3,337$2,245$1,471$943$594$74
36 years$3,208$2,131$1,376$868$538$62
37 years$3,087$2,023$1,288$800$488$53
38 years$2,973$1,923$1,206$737$442$44
39 years$2,864$1,829$1,130$680$401$37
40 years$2,762$1,740$1,059$627$364$31
41 years$2,664$1,656$993$579$330$27
42 years$2,572$1,577$931$534$300$22
43 years$2,484$1,503$874$493$272$19
44 years$2,400$1,432$820$455$247$16
45 years$2,320$1,366$770$420$224$13
46 years$2,244$1,303$723$388$203$11
47 years$2,172$1,244$680$359$185$10
48 years$2,102$1,187$639$331$168$8
49 years$2,036$1,134$600$306$152$7
50 years$1,972$1,083$564$283$138$6

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 $6,987 every year, while hoping to spend $28,934 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: 50/36/14 Blend
44$2,020,000$2,020,000$2,020,000$2,020,000
45$2,233,247$2,126,187$2,094,877$2,336,032
46$2,430,253$2,199,585$2,134,270$2,480,785
47$2,646,383$2,275,609$2,174,013$2,634,405
48$2,883,559$2,354,358$2,214,087$2,800,699
49$3,143,894$2,435,934$2,254,471$2,980,869
50$3,429,720$2,520,444$2,295,144$3,176,236
51$3,743,602$2,607,996$2,336,082$3,388,252
52$4,088,367$2,698,706$2,377,259$3,618,514
53$4,467,131$2,792,692$2,418,647$3,868,780
54$4,883,323$2,890,079$2,460,217$4,140,983
55$5,340,724$2,990,995$2,501,936$4,437,248
56$5,843,499$3,095,575$2,543,771$4,759,917
57$6,396,233$3,203,956$2,585,686$5,111,565
58$7,003,983$3,316,283$2,627,640$5,495,025
59$7,672,316$3,432,708$2,669,593$5,913,416
60$8,407,368$3,553,387$2,711,500$6,370,173
61$9,215,898$3,678,481$2,753,314$6,869,073
62$10,105,354$3,808,161$2,794,984$7,414,279
63$11,083,942$3,942,603$2,836,458$8,010,369
64$12,160,703$4,081,989$2,877,678$8,662,386
65$13,345,599$4,226,510$2,918,584$9,375,884
66$14,649,605$4,376,365$2,959,112$10,156,975
67$16,084,818$4,531,760$2,999,195$11,012,392
68$17,664,562$4,692,908$3,038,761$11,949,548
69$19,403,521$4,860,035$3,077,733$12,976,608
70$21,317,875$5,033,372$3,116,032$14,102,563
71$23,425,452$5,213,160$3,153,573$15,337,314
72$25,745,896$5,399,653$3,190,266$16,691,770
73$28,300,854$5,593,112$3,226,016$18,177,941
74$31,114,176$5,793,810$3,260,723$19,809,060
75$34,212,147$6,002,032$3,294,282$21,599,699
76$37,623,727$6,218,072$3,326,581$23,565,913
77$41,380,829$6,442,240$3,357,503$25,725,386
78$45,518,619$6,674,855$3,386,925$28,097,596
79$50,075,848$6,916,252$3,414,717$30,704,003
80$55,095,215$7,166,779$3,440,741$33,568,247
81$60,623,774$7,426,799$3,464,853$36,716,370
82$66,713,375$7,696,688$3,486,901$40,177,061
83$73,421,154$7,976,840$3,506,726$43,981,930
84$80,810,070$8,267,664$3,524,161$48,165,796
85$88,949,505$8,569,587$3,539,028$52,767,025
86$97,915,912$8,883,054$3,551,143$57,827,884
87$107,793,539$9,208,528$3,560,310$63,394,941
88$118,675,226$9,546,492$3,566,326$69,519,503
89$130,663,277$9,897,448$3,568,976$76,258,100
90$143,870,430$10,261,921$3,568,035$83,673,014
91$158,420,916$10,640,458$3,563,267$91,832,871
92$174,451,637$11,033,627$3,554,424$100,813,282
93$192,113,452$11,442,024$3,541,245$110,697,559
94$211,572,607$11,866,265$3,523,460$121,577,495
95$233,012,298$12,306,998$3,500,781$133,554,237
96$256,634,405$12,764,893$3,472,910$146,739,230
97$282,661,395$13,240,654$3,439,533$161,255,274
98$311,338,422$13,735,010$3,400,322$177,237,677
99$342,935,641$14,248,726$3,354,933$194,835,533
100$377,750,758$14,782,595$3,303,005$214,213,128