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%11.2%
1 years$168,461$166,961$165,497$164,068$162,672$161,851
2 years$83,397$81,843$80,338$78,879$77,463$76,634
3 years$55,046$53,486$51,984$50,538$49,146$48,335
4 years$40,873$39,318$37,831$36,410$35,051$34,264
5 years$32,371$30,825$29,359$27,966$26,645$25,885
6 years$26,705$25,171$23,726$22,365$21,084$20,351
7 years$22,660$21,139$19,716$18,387$17,147$16,442
8 years$19,627$18,120$16,721$15,425$14,225$13,548
9 years$17,270$15,777$14,402$13,138$11,979$11,331
10 years$15,385$13,906$12,556$11,326$10,207$9,586
11 years$13,844$12,380$11,054$9,857$8,778$8,185
12 years$12,560$11,112$9,810$8,646$7,607$7,040
13 years$11,475$10,042$8,765$7,633$6,634$6,093
14 years$10,546$9,128$7,875$6,775$5,815$5,300
15 years$9,741$8,338$7,110$6,043$5,120$4,630
16 years$9,038$7,650$6,446$5,410$4,525$4,059
17 years$8,418$7,045$5,866$4,861$4,012$3,570
18 years$7,867$6,510$5,355$4,381$3,567$3,148
19 years$7,376$6,034$4,902$3,959$3,180$2,782
20 years$6,933$5,607$4,499$3,585$2,840$2,464
21 years$6,534$5,223$4,138$3,254$2,542$2,186
22 years$6,171$4,875$3,814$2,958$2,278$1,942
23 years$5,840$4,560$3,522$2,694$2,045$1,728
24 years$5,538$4,272$3,257$2,457$1,838$1,539
25 years$5,259$4,009$3,016$2,244$1,654$1,372
26 years$5,003$3,768$2,798$2,052$1,490$1,225
27 years$4,766$3,546$2,598$1,878$1,343$1,094
28 years$4,547$3,341$2,415$1,721$1,212$978
29 years$4,343$3,152$2,247$1,578$1,094$874
30 years$4,153$2,977$2,093$1,448$989$783
31 years$3,975$2,814$1,952$1,330$894$701
32 years$3,809$2,663$1,821$1,222$809$628
33 years$3,653$2,522$1,700$1,124$732$563
34 years$3,507$2,390$1,589$1,034$663$504
35 years$3,370$2,267$1,485$952$600$452
36 years$3,240$2,152$1,389$877$544$406
37 years$3,118$2,044$1,300$808$493$364
38 years$3,002$1,942$1,218$745$447$327
39 years$2,893$1,847$1,141$687$405$293
40 years$2,789$1,757$1,069$633$368$263
41 years$2,691$1,673$1,003$584$333$236
42 years$2,597$1,593$941$539$303$212
43 years$2,508$1,518$883$498$275$191
44 years$2,424$1,447$828$460$249$171
45 years$2,343$1,380$778$424$226$154
46 years$2,266$1,316$731$392$205$138
47 years$2,193$1,256$686$362$187$124
48 years$2,123$1,199$645$335$169$112
49 years$2,056$1,145$606$309$154$100
50 years$1,992$1,094$570$286$140$90

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 $5,419 every year, while hoping to spend $30,824 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: 87/5/8 Blend
44$2,040,000$2,040,000$2,040,000$2,040,000
45$2,253,670$2,145,550$2,113,930$2,447,472
46$2,450,748$2,217,885$2,151,950$2,646,960
47$2,666,894$2,292,732$2,190,211$2,861,374
48$2,904,022$2,370,181$2,228,687$3,096,062
49$3,164,238$2,450,325$2,267,354$3,353,045
50$3,449,862$2,533,263$2,306,182$3,634,551
51$3,763,450$2,619,095$2,345,141$3,943,033
52$4,107,818$2,707,926$2,384,200$4,281,194
53$4,486,067$2,799,866$2,423,322$4,652,010
54$4,901,614$2,895,027$2,462,471$5,058,760
55$5,358,222$2,993,528$2,501,607$5,505,055
56$5,860,039$3,095,489$2,540,689$5,994,874
57$6,411,632$3,201,037$2,579,672$6,532,600
58$7,018,035$3,310,304$2,618,507$7,123,061
59$7,684,792$3,423,426$2,657,145$7,771,576
60$8,418,012$3,540,546$2,695,530$8,484,005
61$9,224,426$3,661,809$2,733,607$9,266,805
62$10,111,449$3,787,369$2,771,314$10,127,087
63$11,087,251$3,917,385$2,808,588$11,072,688
64$12,160,835$4,052,021$2,845,360$12,112,242
65$13,342,119$4,191,449$2,881,558$13,255,261
66$14,642,031$4,335,846$2,917,107$14,512,227
67$16,072,614$4,485,398$2,951,926$15,894,687
68$17,647,135$4,640,297$2,985,929$17,415,365
69$19,380,213$4,800,741$3,019,028$19,088,280
70$21,287,956$4,966,940$3,051,128$20,928,879
71$23,388,115$5,139,107$3,082,127$22,954,183
72$25,700,247$5,317,467$3,111,923$25,182,945
73$28,245,902$5,502,253$3,140,402$27,635,830
74$31,048,827$5,693,707$3,167,449$30,335,609
75$34,135,189$5,892,080$3,192,940$33,307,371
76$37,533,820$6,097,634$3,216,745$36,578,762
77$41,276,493$6,310,640$3,238,729$40,180,248
78$45,398,215$6,531,382$3,258,747$44,145,395
79$49,937,566$6,760,153$3,276,648$48,511,193
80$54,937,057$6,997,259$3,292,274$53,318,402
81$60,443,529$7,243,018$3,305,458$58,611,936
82$66,508,604$7,497,760$3,316,025$64,441,288
83$73,189,160$7,761,829$3,323,791$70,860,993
84$80,547,879$8,035,583$3,328,562$77,931,149
85$88,653,829$8,319,393$3,330,136$85,717,980
86$97,583,124$8,613,648$3,328,300$94,294,459
87$107,419,635$8,918,749$3,322,831$103,741,001
88$118,255,786$9,235,115$3,313,493$114,146,219
89$130,193,423$9,563,183$3,300,042$125,607,761
90$143,344,779$9,903,406$3,282,221$138,233,232
91$157,833,530$10,256,256$3,259,758$152,141,206
92$173,795,962$10,622,225$3,232,373$167,462,351
93$191,382,260$11,001,824$3,199,767$184,340,656
94$210,757,922$11,395,585$3,161,630$202,934,794
95$232,105,324$11,804,062$3,117,639$223,419,620
96$255,625,439$12,227,833$3,067,451$245,987,815
97$281,539,734$12,667,497$3,010,712$270,851,713
98$310,092,264$13,123,681$2,947,047$298,245,300
99$341,551,969$13,597,036$2,876,067$328,426,423
100$376,215,218$14,088,239$2,797,364$361,679,225