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

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$167,636$166,142$164,685$163,264$161,875$158,348
2 years$82,988$81,442$79,944$78,492$77,083$73,548
3 years$54,776$53,223$51,729$50,291$48,905$45,471
4 years$40,672$39,125$37,646$36,232$34,879$31,573
5 years$32,213$30,674$29,215$27,829$26,515$23,346
6 years$26,575$25,048$23,610$22,255$20,980$17,953
7 years$22,549$21,035$19,620$18,297$17,063$14,176
8 years$19,531$18,031$16,639$15,349$14,155$11,409
9 years$17,185$15,699$14,331$13,074$11,921$9,313
10 years$15,310$13,838$12,494$11,270$10,157$7,685
11 years$13,776$12,319$11,000$9,808$8,735$6,396
12 years$12,499$11,057$9,762$8,603$7,570$5,360
13 years$11,419$9,992$8,722$7,595$6,601$4,516
14 years$10,494$9,083$7,837$6,742$5,786$3,822
15 years$9,694$8,297$7,075$6,013$5,095$3,247
16 years$8,994$7,613$6,415$5,384$4,503$2,767
17 years$8,377$7,011$5,837$4,837$3,993$2,364
18 years$7,829$6,478$5,329$4,359$3,550$2,024
19 years$7,339$6,004$4,878$3,939$3,164$1,736
20 years$6,899$5,579$4,477$3,568$2,826$1,492
21 years$6,502$5,197$4,118$3,238$2,529$1,283
22 years$6,141$4,851$3,795$2,944$2,267$1,105
23 years$5,812$4,537$3,504$2,681$2,035$953
24 years$5,510$4,251$3,241$2,445$1,829$822
25 years$5,234$3,989$3,002$2,233$1,646$710
26 years$4,979$3,749$2,784$2,042$1,483$613
27 years$4,743$3,529$2,585$1,869$1,337$530
28 years$4,524$3,325$2,403$1,712$1,206$458
29 years$4,321$3,137$2,236$1,570$1,089$397
30 years$4,132$2,962$2,083$1,441$984$343
31 years$3,956$2,800$1,942$1,324$890$297
32 years$3,790$2,650$1,812$1,216$805$257
33 years$3,635$2,509$1,692$1,119$728$223
34 years$3,490$2,378$1,581$1,029$659$193
35 years$3,353$2,256$1,478$947$597$167
36 years$3,224$2,141$1,383$873$541$145
37 years$3,102$2,034$1,294$804$490$126
38 years$2,987$1,933$1,212$741$445$109
39 years$2,878$1,838$1,135$683$403$94
40 years$2,775$1,748$1,064$630$366$82
41 years$2,677$1,664$998$581$332$71
42 years$2,584$1,585$936$537$301$61
43 years$2,496$1,510$878$495$273$53
44 years$2,412$1,440$824$457$248$46
45 years$2,332$1,373$774$422$225$40
46 years$2,255$1,310$727$390$204$35
47 years$2,182$1,250$683$360$186$30
48 years$2,113$1,193$642$333$169$26
49 years$2,046$1,139$603$308$153$23
50 years$1,982$1,088$567$285$139$20

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 $5,975 every year, while hoping to spend $45,010 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: 21/49/30 Blend
44$2,030,000$2,030,000$2,030,000$2,030,000
45$2,243,223$2,135,633$2,104,168$2,268,919
46$2,424,142$2,192,389$2,126,768$2,349,966
47$2,622,005$2,250,417$2,148,615$2,432,440
48$2,838,495$2,309,733$2,169,639$2,519,634
49$3,075,461$2,370,350$2,189,762$2,611,958
50$3,334,943$2,432,281$2,208,903$2,709,868
51$3,619,184$2,495,540$2,226,978$2,813,861
52$3,930,655$2,560,136$2,243,897$2,924,488
53$4,272,080$2,626,081$2,259,566$3,042,356
54$4,646,456$2,693,382$2,273,885$3,168,131
55$5,057,085$2,762,048$2,286,750$3,302,550
56$5,507,603$2,832,084$2,298,052$3,446,423
57$6,002,018$2,903,495$2,307,676$3,600,645
58$6,544,741$2,976,284$2,315,500$3,766,199
59$7,140,633$3,050,450$2,321,398$3,944,173
60$7,795,048$3,125,993$2,325,235$4,135,762
61$8,513,885$3,202,908$2,326,872$4,342,288
62$9,303,641$3,281,191$2,326,162$4,565,204
63$10,171,474$3,360,831$2,322,951$4,806,116
64$11,125,270$3,441,818$2,317,076$5,066,792
65$12,173,718$3,524,137$2,308,368$5,349,182
66$13,326,387$3,607,770$2,296,648$5,655,439
67$14,593,824$3,692,696$2,281,731$5,987,932
68$15,987,646$3,778,890$2,263,421$6,349,279
69$17,520,653$3,866,323$2,241,513$6,742,361
70$19,206,949$3,954,961$2,215,793$7,170,361
71$21,062,071$4,044,767$2,186,035$7,636,785
72$23,103,139$4,135,699$2,152,005$8,145,499
73$25,349,018$4,227,707$2,113,456$8,700,769
74$27,820,492$4,320,738$2,070,130$9,307,296
75$30,540,461$4,414,733$2,021,758$9,970,267
76$33,534,158$4,509,625$1,968,057$10,695,400
77$36,829,388$4,605,342$1,908,733$11,489,000
78$40,456,785$4,701,804$1,843,475$12,358,021
79$44,450,107$4,798,922$1,771,962$13,310,128
80$48,846,550$4,896,602$1,693,854$14,353,777
81$53,687,100$4,994,737$1,608,800$15,498,289
82$59,016,920$5,093,214$1,516,430$16,753,943
83$64,885,773$5,191,909$1,416,359$18,132,071
84$71,348,498$5,290,688$1,308,182$19,645,172
85$78,465,518$5,389,405$1,191,479$21,307,023
86$86,303,417$5,487,903$1,065,810$23,132,815
87$94,935,566$5,586,011$930,716$25,139,299
88$104,442,815$5,683,546$785,715$27,344,941
89$114,914,253$5,780,311$630,308$29,770,103
90$126,448,053$5,876,092$463,969$32,437,232
91$139,152,396$5,970,662$286,154$35,371,077
92$153,146,491$6,063,776$96,291$38,598,923
93$168,561,702$6,155,169$0$42,150,849
94$185,542,783$6,244,560$0$46,094,054
95$204,249,250$6,331,646$0$50,466,166
96$224,856,881$6,416,105$0$55,276,841
97$247,559,378$6,497,589$0$60,570,726
98$272,570,193$6,575,730$0$66,397,027
99$300,124,544$6,650,132$0$72,809,971
100$330,481,633$6,720,373$0$79,869,327