Can I retire at age 45 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$168,461$166,961$165,497$164,068$162,672$161,919
2 years$83,397$81,843$80,338$78,879$77,463$76,702
3 years$55,046$53,486$51,984$50,538$49,146$48,402
4 years$40,873$39,318$37,831$36,410$35,051$34,329
5 years$32,371$30,825$29,359$27,966$26,645$25,948
6 years$26,705$25,171$23,726$22,365$21,084$20,411
7 years$22,660$21,139$19,716$18,387$17,147$16,500
8 years$19,627$18,120$16,721$15,425$14,225$13,604
9 years$17,270$15,777$14,402$13,138$11,979$11,384
10 years$15,385$13,906$12,556$11,326$10,207$9,636
11 years$13,844$12,380$11,054$9,857$8,778$8,233
12 years$12,560$11,112$9,810$8,646$7,607$7,086
13 years$11,475$10,042$8,765$7,633$6,634$6,136
14 years$10,546$9,128$7,875$6,775$5,815$5,341
15 years$9,741$8,338$7,110$6,043$5,120$4,669
16 years$9,038$7,650$6,446$5,410$4,525$4,096
17 years$8,418$7,045$5,866$4,861$4,012$3,605
18 years$7,867$6,510$5,355$4,381$3,567$3,181
19 years$7,376$6,034$4,902$3,959$3,180$2,813
20 years$6,933$5,607$4,499$3,585$2,840$2,493
21 years$6,534$5,223$4,138$3,254$2,542$2,213
22 years$6,171$4,875$3,814$2,958$2,278$1,968
23 years$5,840$4,560$3,522$2,694$2,045$1,752
24 years$5,538$4,272$3,257$2,457$1,838$1,562
25 years$5,259$4,009$3,016$2,244$1,654$1,394
26 years$5,003$3,768$2,798$2,052$1,490$1,245
27 years$4,766$3,546$2,598$1,878$1,343$1,113
28 years$4,547$3,341$2,415$1,721$1,212$995
29 years$4,343$3,152$2,247$1,578$1,094$891
30 years$4,153$2,977$2,093$1,448$989$798
31 years$3,975$2,814$1,952$1,330$894$715
32 years$3,809$2,663$1,821$1,222$809$641
33 years$3,653$2,522$1,700$1,124$732$575
34 years$3,507$2,390$1,589$1,034$663$516
35 years$3,370$2,267$1,485$952$600$463
36 years$3,240$2,152$1,389$877$544$416
37 years$3,118$2,044$1,300$808$493$373
38 years$3,002$1,942$1,218$745$447$335
39 years$2,893$1,847$1,141$687$405$301
40 years$2,789$1,757$1,069$633$368$271
41 years$2,691$1,673$1,003$584$333$243
42 years$2,597$1,593$941$539$303$219
43 years$2,508$1,518$883$498$275$197
44 years$2,424$1,447$828$460$249$177
45 years$2,343$1,380$778$424$226$159
46 years$2,266$1,316$731$392$205$143
47 years$2,193$1,256$686$362$187$129
48 years$2,123$1,199$645$335$169$116
49 years$2,056$1,145$606$309$154$104
50 years$1,992$1,094$570$286$140$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,040,000, adding $6,059 every year, while hoping to spend $29,255 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: 37/50/13 Blend
44$2,040,000$2,040,000$2,040,000$2,040,000
45$2,254,330$2,146,210$2,114,590$2,328,557
46$2,453,144$2,220,247$2,154,302$2,456,279
47$2,671,258$2,296,932$2,194,363$2,590,881
48$2,910,607$2,376,362$2,234,755$2,735,629
49$3,173,326$2,458,642$2,275,457$2,891,444
50$3,461,767$2,543,877$2,316,447$3,059,337
51$3,778,519$2,632,178$2,357,699$3,240,420
52$4,126,435$2,723,662$2,399,189$3,435,913
53$4,508,657$2,818,447$2,440,887$3,647,156
54$4,928,647$2,916,658$2,482,765$3,875,622
55$5,390,220$3,018,425$2,524,788$4,122,931
56$5,897,577$3,123,883$2,566,923$4,390,860
57$6,455,348$3,233,170$2,609,132$4,681,367
58$7,068,632$3,346,434$2,651,377$4,996,602
59$7,743,048$3,463,825$2,693,614$5,338,929
60$8,484,787$3,585,501$2,735,798$5,710,951
61$9,300,670$3,711,625$2,777,882$6,115,526
62$10,198,212$3,842,369$2,819,815$6,555,802
63$11,185,693$3,977,908$2,861,541$7,035,241
64$12,272,235$4,118,427$2,903,005$7,557,652
65$13,467,891$4,264,118$2,944,144$8,127,225
66$14,783,737$4,415,181$2,984,893$8,748,573
67$16,231,976$4,571,822$3,025,185$9,426,771
68$17,826,054$4,734,258$3,064,945$10,167,405
69$19,580,788$4,902,714$3,104,098$10,976,625
70$21,512,505$5,077,423$3,142,561$11,861,199
71$23,639,192$5,258,628$3,180,249$12,828,578
72$25,980,673$5,446,584$3,217,070$13,886,965
73$28,558,789$5,641,554$3,252,929$15,045,392
74$31,397,607$5,843,812$3,287,724$16,313,801
75$34,523,648$6,053,643$3,321,348$17,703,143
76$37,966,135$6,271,347$3,353,688$19,225,474
77$41,757,269$6,497,231$3,384,625$20,894,070
78$45,932,535$6,731,620$3,414,034$22,723,551
79$50,531,032$6,974,848$3,441,783$24,730,020
80$55,595,848$7,227,266$3,467,733$26,931,210
81$61,174,460$7,489,238$3,491,738$29,346,650
82$67,319,188$7,761,144$3,513,644$31,997,852
83$74,087,683$8,043,378$3,533,290$34,908,509
84$81,543,476$8,336,353$3,550,504$38,104,718
85$89,756,574$8,640,497$3,565,109$41,615,224
86$98,804,120$8,956,258$3,576,916$45,471,693
87$108,771,127$9,284,100$3,585,729$49,709,003
88$119,751,271$9,624,510$3,591,340$54,365,579
89$131,847,783$9,977,994$3,593,532$59,483,748
90$145,174,418$10,345,077$3,592,077$65,110,137
91$159,856,532$10,726,309$3,586,735$71,296,117
92$176,032,263$11,122,263$3,577,256$78,098,277
93$193,853,835$11,533,535$3,563,375$85,578,964
94$213,488,995$11,960,747$3,544,817$93,806,864
95$235,122,597$12,404,548$3,521,293$102,857,651
96$258,958,345$12,865,613$3,492,498$112,814,698
97$285,220,715$13,344,648$3,458,117$123,769,859
98$314,157,080$13,842,387$3,417,815$135,824,339
99$346,040,034$14,359,597$3,371,244$149,089,642
100$381,169,977$14,897,076$3,318,040$163,688,622