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%13.4%
1 years$167,636$166,142$164,685$163,264$161,875$159,588
2 years$82,988$81,442$79,944$78,492$77,083$74,783
3 years$54,776$53,223$51,729$50,291$48,905$46,664
4 years$40,672$39,125$37,646$36,232$34,879$32,714
5 years$32,213$30,674$29,215$27,829$26,515$24,432
6 years$26,575$25,048$23,610$22,255$20,980$18,982
7 years$22,549$21,035$19,620$18,297$17,063$15,150
8 years$19,531$18,031$16,639$15,349$14,155$12,328
9 years$17,185$15,699$14,331$13,074$11,921$10,178
10 years$15,310$13,838$12,494$11,270$10,157$8,497
11 years$13,776$12,319$11,000$9,808$8,735$7,157
12 years$12,499$11,057$9,762$8,603$7,570$6,071
13 years$11,419$9,992$8,722$7,595$6,601$5,180
14 years$10,494$9,083$7,837$6,742$5,786$4,441
15 years$9,694$8,297$7,075$6,013$5,095$3,822
16 years$8,994$7,613$6,415$5,384$4,503$3,301
17 years$8,377$7,011$5,837$4,837$3,993$2,859
18 years$7,829$6,478$5,329$4,359$3,550$2,482
19 years$7,339$6,004$4,878$3,939$3,164$2,159
20 years$6,899$5,579$4,477$3,568$2,826$1,881
21 years$6,502$5,197$4,118$3,238$2,529$1,642
22 years$6,141$4,851$3,795$2,944$2,267$1,435
23 years$5,812$4,537$3,504$2,681$2,035$1,255
24 years$5,510$4,251$3,241$2,445$1,829$1,099
25 years$5,234$3,989$3,002$2,233$1,646$964
26 years$4,979$3,749$2,784$2,042$1,483$845
27 years$4,743$3,529$2,585$1,869$1,337$742
28 years$4,524$3,325$2,403$1,712$1,206$652
29 years$4,321$3,137$2,236$1,570$1,089$573
30 years$4,132$2,962$2,083$1,441$984$503
31 years$3,956$2,800$1,942$1,324$890$443
32 years$3,790$2,650$1,812$1,216$805$389
33 years$3,635$2,509$1,692$1,119$728$343
34 years$3,490$2,378$1,581$1,029$659$302
35 years$3,353$2,256$1,478$947$597$265
36 years$3,224$2,141$1,383$873$541$234
37 years$3,102$2,034$1,294$804$490$206
38 years$2,987$1,933$1,212$741$445$181
39 years$2,878$1,838$1,135$683$403$160
40 years$2,775$1,748$1,064$630$366$141
41 years$2,677$1,664$998$581$332$124
42 years$2,584$1,585$936$537$301$109
43 years$2,496$1,510$878$495$273$96
44 years$2,412$1,440$824$457$248$85
45 years$2,332$1,373$774$422$225$75
46 years$2,255$1,310$727$390$204$66
47 years$2,182$1,250$683$360$186$58
48 years$2,113$1,193$642$333$169$51
49 years$2,046$1,139$603$308$153$45
50 years$1,982$1,088$567$285$139$40

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 $6,122 every year, while hoping to spend $32,367 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: 32/48/20 Blend
44$2,030,000$2,030,000$2,030,000$2,030,000
45$2,243,375$2,135,785$2,104,320$2,301,080
46$2,437,761$2,206,000$2,140,376$2,414,998
47$2,650,889$2,278,571$2,176,556$2,534,243
48$2,884,638$2,353,579$2,212,828$2,662,008
49$3,141,075$2,431,108$2,249,162$2,799,058
50$3,422,478$2,511,246$2,285,522$2,946,233
51$3,731,356$2,594,082$2,321,872$3,104,456
52$4,070,472$2,679,710$2,358,173$3,274,741
53$4,442,872$2,768,227$2,394,384$3,458,201
54$4,851,909$2,859,734$2,430,459$3,656,061
55$5,301,277$2,954,335$2,466,353$3,869,666
56$5,795,047$3,052,137$2,502,016$4,100,496
57$6,337,702$3,153,252$2,537,393$4,350,177
58$6,934,182$3,257,795$2,572,430$4,620,497
59$7,589,928$3,365,888$2,607,067$4,913,425
60$8,310,938$3,477,653$2,641,241$5,231,123
61$9,103,816$3,593,220$2,674,885$5,575,974
62$9,975,840$3,712,723$2,707,928$5,950,595
63$10,935,029$3,836,300$2,740,297$6,357,869
64$11,990,217$3,964,094$2,771,912$6,800,968
65$13,151,139$4,096,253$2,802,690$7,283,382
66$14,428,518$4,232,934$2,832,544$7,808,952
67$15,834,174$4,374,294$2,861,381$8,381,907
68$17,381,126$4,520,500$2,889,103$9,006,903
69$19,083,720$4,671,725$2,915,608$9,689,064
70$20,957,766$4,828,145$2,940,787$10,434,032
71$23,020,680$4,989,947$2,964,526$11,248,019
72$25,291,656$5,157,321$2,986,704$12,137,864
73$27,791,843$5,330,467$3,007,196$13,111,101
74$30,544,542$5,509,591$3,025,868$14,176,022
75$33,575,431$5,694,906$3,042,580$15,341,762
76$36,912,804$5,886,636$3,057,186$16,618,379
77$40,587,838$6,085,010$3,069,530$18,016,953
78$44,634,889$6,290,266$3,079,451$19,549,685
79$49,091,812$6,502,654$3,086,777$21,230,014
80$54,000,323$6,722,430$3,091,330$23,072,744
81$59,406,388$6,949,861$3,092,921$25,094,179
82$65,360,659$7,185,224$3,091,354$27,312,282
83$71,918,954$7,428,807$3,086,421$29,746,836
84$79,142,776$7,680,908$3,077,906$32,419,637
85$87,099,903$7,941,837$3,065,580$35,354,695
86$95,865,021$8,211,914$3,049,204$38,578,460
87$105,520,431$8,491,475$3,028,530$42,120,070
88$116,156,823$8,780,866$3,003,294$46,011,628
89$127,874,136$9,080,445$2,973,221$50,288,501
90$140,782,499$9,390,588$2,938,025$54,989,653
91$155,003,268$9,711,682$2,897,404$60,158,012
92$170,670,176$10,044,129$2,851,042$65,840,877
93$187,930,591$10,388,348$2,798,608$72,090,357
94$206,946,908$10,744,774$2,739,758$78,963,867
95$227,898,082$11,113,857$2,674,130$86,524,667
96$250,981,318$11,496,067$2,601,344$94,842,456
97$276,413,929$11,891,891$2,521,006$103,994,033
98$304,435,390$12,301,835$2,432,701$114,064,015
99$335,309,599$12,726,424$2,335,995$125,145,638
100$369,327,364$13,166,204$2,230,437$137,341,635