Can I retire at age 45 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$167,636$166,142$164,685$163,264$161,875$157,898
2 years$82,988$81,442$79,944$78,492$77,083$73,101
3 years$54,776$53,223$51,729$50,291$48,905$45,042
4 years$40,672$39,125$37,646$36,232$34,879$31,165
5 years$32,213$30,674$29,215$27,829$26,515$22,960
6 years$26,575$25,048$23,610$22,255$20,980$17,588
7 years$22,549$21,035$19,620$18,297$17,063$13,834
8 years$19,531$18,031$16,639$15,349$14,155$11,088
9 years$17,185$15,699$14,331$13,074$11,921$9,013
10 years$15,310$13,838$12,494$11,270$10,157$7,406
11 years$13,776$12,319$11,000$9,808$8,735$6,136
12 years$12,499$11,057$9,762$8,603$7,570$5,118
13 years$11,419$9,992$8,722$7,595$6,601$4,292
14 years$10,494$9,083$7,837$6,742$5,786$3,616
15 years$9,694$8,297$7,075$6,013$5,095$3,057
16 years$8,994$7,613$6,415$5,384$4,503$2,592
17 years$8,377$7,011$5,837$4,837$3,993$2,203
18 years$7,829$6,478$5,329$4,359$3,550$1,877
19 years$7,339$6,004$4,878$3,939$3,164$1,601
20 years$6,899$5,579$4,477$3,568$2,826$1,369
21 years$6,502$5,197$4,118$3,238$2,529$1,171
22 years$6,141$4,851$3,795$2,944$2,267$1,003
23 years$5,812$4,537$3,504$2,681$2,035$860
24 years$5,510$4,251$3,241$2,445$1,829$738
25 years$5,234$3,989$3,002$2,233$1,646$634
26 years$4,979$3,749$2,784$2,042$1,483$544
27 years$4,743$3,529$2,585$1,869$1,337$468
28 years$4,524$3,325$2,403$1,712$1,206$402
29 years$4,321$3,137$2,236$1,570$1,089$346
30 years$4,132$2,962$2,083$1,441$984$298
31 years$3,956$2,800$1,942$1,324$890$256
32 years$3,790$2,650$1,812$1,216$805$221
33 years$3,635$2,509$1,692$1,119$728$190
34 years$3,490$2,378$1,581$1,029$659$164
35 years$3,353$2,256$1,478$947$597$141
36 years$3,224$2,141$1,383$873$541$121
37 years$3,102$2,034$1,294$804$490$105
38 years$2,987$1,933$1,212$741$445$90
39 years$2,878$1,838$1,135$683$403$78
40 years$2,775$1,748$1,064$630$366$67
41 years$2,677$1,664$998$581$332$58
42 years$2,584$1,585$936$537$301$50
43 years$2,496$1,510$878$495$273$43
44 years$2,412$1,440$824$457$248$37
45 years$2,332$1,373$774$422$225$32
46 years$2,255$1,310$727$390$204$27
47 years$2,182$1,250$683$360$186$24
48 years$2,113$1,193$642$333$169$20
49 years$2,046$1,139$603$308$153$18
50 years$1,982$1,088$567$285$139$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,030,000, adding $4,546 every year, while hoping to spend $32,756 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: 34/46/20 Blend
44$2,030,000$2,030,000$2,030,000$2,030,000
45$2,241,749$2,134,159$2,102,694$2,304,083
46$2,435,555$2,203,881$2,138,282$2,420,225
47$2,648,032$2,275,921$2,173,965$2,542,044
48$2,881,049$2,350,359$2,209,710$2,672,731
49$3,136,666$2,427,276$2,245,485$2,813,090
50$3,417,150$2,506,757$2,281,253$2,964,005
51$3,725,001$2,588,890$2,316,977$3,126,447
52$4,062,971$2,673,765$2,352,616$3,301,482
53$4,434,092$2,761,477$2,388,126$3,490,282
54$4,841,702$2,852,123$2,423,461$3,694,137
55$5,289,482$2,945,803$2,458,574$3,914,463
56$5,781,484$3,042,623$2,493,411$4,152,820
57$6,322,174$3,142,689$2,527,918$4,410,920
58$6,916,469$3,246,115$2,562,037$4,690,648
59$7,569,790$3,353,015$2,595,706$4,994,080
60$8,288,107$3,463,511$2,628,861$5,323,495
61$9,077,997$3,577,726$2,661,431$5,681,405
62$9,946,708$3,695,790$2,693,344$6,070,572
63$10,902,224$3,817,836$2,724,523$6,494,037
64$11,953,342$3,944,002$2,754,886$6,955,145
65$13,109,757$4,074,431$2,784,348$7,457,580
66$14,382,146$4,209,272$2,812,818$8,005,396
67$15,782,278$4,348,679$2,840,200$8,603,058
68$17,323,117$4,492,812$2,866,394$9,255,478
69$19,018,950$4,641,835$2,891,293$9,968,068
70$20,885,518$4,795,919$2,914,786$10,746,784
71$22,940,164$4,955,243$2,936,755$11,598,188
72$25,202,001$5,119,989$2,957,076$12,529,503
73$27,692,086$5,290,350$2,975,619$13,548,683
74$30,433,623$5,466,522$2,992,247$14,664,492
75$33,452,181$5,648,710$3,006,815$15,886,576
76$36,775,933$5,837,126$3,019,174$17,225,565
77$40,435,925$6,031,991$3,029,162$18,693,164
78$44,466,364$6,233,534$3,036,613$20,302,265
79$48,904,946$6,441,990$3,041,353$22,067,070
80$53,793,208$6,657,605$3,043,196$24,003,223
81$59,176,922$6,880,634$3,041,950$26,127,957
82$65,106,523$7,111,341$3,037,411$28,460,255
83$71,637,592$7,350,000$3,029,367$31,021,030
84$78,831,370$7,596,894$3,017,595$33,833,319
85$86,755,347$7,852,318$3,001,861$36,922,503
86$95,483,889$8,116,579$2,981,920$40,316,543
87$105,098,947$8,389,992$2,957,516$44,046,244
88$115,690,825$8,672,887$2,928,378$48,145,544
89$127,359,036$8,965,605$2,894,225$52,651,837
90$140,213,238$9,268,501$2,854,763$57,606,318
91$154,374,272$9,581,941$2,809,681$63,054,378
92$169,975,299$9,906,307$2,758,656$69,046,026
93$187,163,058$10,241,995$2,701,350$75,636,366
94$206,099,253$10,589,415$2,637,408$82,886,108
95$226,962,074$10,948,994$2,566,459$90,862,147
96$249,947,886$11,321,175$2,488,115$99,638,190
97$275,273,074$11,706,416$2,401,970$109,295,451
98$303,176,092$12,105,195$2,307,601$119,923,416
99$333,919,710$12,518,007$2,204,563$131,620,687
100$367,793,497$12,945,366$2,092,392$144,495,913