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%11.3%
1 years$168,461$166,961$165,497$164,068$162,672$161,783
2 years$83,397$81,843$80,338$78,879$77,463$76,566
3 years$55,046$53,486$51,984$50,538$49,146$48,268
4 years$40,873$39,318$37,831$36,410$35,051$34,200
5 years$32,371$30,825$29,359$27,966$26,645$25,823
6 years$26,705$25,171$23,726$22,365$21,084$20,291
7 years$22,660$21,139$19,716$18,387$17,147$16,385
8 years$19,627$18,120$16,721$15,425$14,225$13,493
9 years$17,270$15,777$14,402$13,138$11,979$11,278
10 years$15,385$13,906$12,556$11,326$10,207$9,536
11 years$13,844$12,380$11,054$9,857$8,778$8,137
12 years$12,560$11,112$9,810$8,646$7,607$6,995
13 years$11,475$10,042$8,765$7,633$6,634$6,050
14 years$10,546$9,128$7,875$6,775$5,815$5,259
15 years$9,741$8,338$7,110$6,043$5,120$4,591
16 years$9,038$7,650$6,446$5,410$4,525$4,022
17 years$8,418$7,045$5,866$4,861$4,012$3,535
18 years$7,867$6,510$5,355$4,381$3,567$3,115
19 years$7,376$6,034$4,902$3,959$3,180$2,751
20 years$6,933$5,607$4,499$3,585$2,840$2,434
21 years$6,534$5,223$4,138$3,254$2,542$2,158
22 years$6,171$4,875$3,814$2,958$2,278$1,916
23 years$5,840$4,560$3,522$2,694$2,045$1,703
24 years$5,538$4,272$3,257$2,457$1,838$1,516
25 years$5,259$4,009$3,016$2,244$1,654$1,351
26 years$5,003$3,768$2,798$2,052$1,490$1,205
27 years$4,766$3,546$2,598$1,878$1,343$1,075
28 years$4,547$3,341$2,415$1,721$1,212$960
29 years$4,343$3,152$2,247$1,578$1,094$858
30 years$4,153$2,977$2,093$1,448$989$767
31 years$3,975$2,814$1,952$1,330$894$687
32 years$3,809$2,663$1,821$1,222$809$615
33 years$3,653$2,522$1,700$1,124$732$550
34 years$3,507$2,390$1,589$1,034$663$493
35 years$3,370$2,267$1,485$952$600$442
36 years$3,240$2,152$1,389$877$544$396
37 years$3,118$2,044$1,300$808$493$355
38 years$3,002$1,942$1,218$745$447$318
39 years$2,893$1,847$1,141$687$405$285
40 years$2,789$1,757$1,069$633$368$256
41 years$2,691$1,673$1,003$584$333$230
42 years$2,597$1,593$941$539$303$206
43 years$2,508$1,518$883$498$275$185
44 years$2,424$1,447$828$460$249$166
45 years$2,343$1,380$778$424$226$149
46 years$2,266$1,316$731$392$205$134
47 years$2,193$1,256$686$362$187$120
48 years$2,123$1,199$645$335$169$108
49 years$2,056$1,145$606$309$154$97
50 years$1,992$1,094$570$286$140$87

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 $3,387 every year, while hoping to spend $27,807 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: 86/5/9 Blend
44$2,040,000$2,040,000$2,040,000$2,040,000
45$2,251,574$2,143,454$2,111,834$2,442,392
46$2,451,648$2,218,896$2,152,994$2,642,874
47$2,671,197$2,297,104$2,194,601$2,859,005
48$2,912,180$2,378,182$2,236,640$3,095,641
49$3,176,751$2,462,242$2,279,096$3,354,831
50$3,467,285$2,549,398$2,321,952$3,638,829
51$3,786,399$2,639,769$2,365,188$3,950,119
52$4,136,974$2,733,480$2,408,784$4,291,438
53$4,522,185$2,830,660$2,452,718$4,665,799
54$4,945,530$2,931,445$2,496,966$5,076,521
55$5,410,862$3,035,973$2,541,502$5,527,261
56$5,922,425$3,144,391$2,586,298$6,022,048
57$6,484,897$3,256,851$2,631,323$6,565,319
58$7,103,430$3,373,510$2,676,546$7,161,963
59$7,783,702$3,494,534$2,721,932$7,817,365
60$8,531,966$3,620,093$2,767,443$8,537,459
61$9,355,115$3,750,365$2,813,041$9,328,781
62$10,260,740$3,885,537$2,858,682$10,198,534
63$11,257,209$4,025,802$2,904,321$11,154,652
64$12,353,739$4,171,360$2,949,910$12,205,877
65$13,560,486$4,322,422$2,995,397$13,361,841
66$14,888,641$4,479,207$3,040,729$14,633,157
67$16,350,535$4,641,940$3,085,846$16,031,516
68$17,959,754$4,810,860$3,130,686$17,569,803
69$19,731,270$4,986,214$3,175,186$19,262,213
70$21,681,579$5,168,257$3,219,274$21,124,385
71$23,828,857$5,357,259$3,262,877$23,173,556
72$26,193,135$5,553,499$3,305,917$25,428,713
73$28,796,481$5,757,266$3,348,311$27,910,782
74$31,663,215$5,968,866$3,389,973$30,642,817
75$34,820,135$6,188,612$3,430,809$33,650,225
76$38,296,770$6,416,835$3,470,722$36,960,998
77$42,125,659$6,653,879$3,509,610$40,605,982
78$46,342,657$6,900,099$3,547,362$44,619,169
79$50,987,274$7,155,871$3,583,865$49,038,010
80$56,103,049$7,421,581$3,618,998$53,903,778
81$61,737,957$7,697,636$3,652,632$59,261,951
82$67,944,867$7,984,459$3,684,633$65,162,641
83$74,782,035$8,282,489$3,714,860$71,661,070
84$82,313,659$8,592,186$3,743,164$78,818,090
85$90,610,479$8,914,031$3,769,387$86,700,755
86$99,750,451$9,248,522$3,793,365$95,382,955
87$109,819,478$9,596,180$3,814,923$104,946,113
88$120,912,222$9,957,550$3,833,880$115,479,955
89$133,132,997$10,333,198$3,850,044$127,083,354
90$146,596,755$10,723,717$3,863,212$139,865,264
91$161,430,168$11,129,723$3,873,174$153,945,747
92$177,772,826$11,551,861$3,879,706$169,457,111
93$195,778,554$11,990,801$3,882,576$186,545,150
94$215,616,862$12,447,247$3,881,538$205,370,529
95$237,474,549$12,921,928$3,876,336$226,110,294
96$261,557,459$13,415,609$3,866,700$248,959,544
97$288,092,432$13,929,086$3,852,347$274,133,275
98$317,329,440$14,463,191$3,832,980$301,868,407
99$349,543,948$15,018,792$3,808,290$332,426,020
100$385,039,513$15,596,795$3,777,950$366,093,820