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

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$168,461$166,961$165,497$164,068$162,672$157,655
2 years$83,397$81,843$80,338$78,879$77,463$72,452
3 years$55,046$53,486$51,984$50,538$49,146$44,298
4 years$40,873$39,318$37,831$36,410$35,051$30,404
5 years$32,371$30,825$29,359$27,966$26,645$22,211
6 years$26,705$25,171$23,726$22,365$21,084$16,866
7 years$22,660$21,139$19,716$18,387$17,147$13,146
8 years$19,627$18,120$16,721$15,425$14,225$10,439
9 years$17,270$15,777$14,402$13,138$11,979$8,403
10 years$15,385$13,906$12,556$11,326$10,207$6,836
11 years$13,844$12,380$11,054$9,857$8,778$5,606
12 years$12,560$11,112$9,810$8,646$7,607$4,627
13 years$11,475$10,042$8,765$7,633$6,634$3,839
14 years$10,546$9,128$7,875$6,775$5,815$3,198
15 years$9,741$8,338$7,110$6,043$5,120$2,673
16 years$9,038$7,650$6,446$5,410$4,525$2,241
17 years$8,418$7,045$5,866$4,861$4,012$1,883
18 years$7,867$6,510$5,355$4,381$3,567$1,585
19 years$7,376$6,034$4,902$3,959$3,180$1,336
20 years$6,933$5,607$4,499$3,585$2,840$1,128
21 years$6,534$5,223$4,138$3,254$2,542$954
22 years$6,171$4,875$3,814$2,958$2,278$807
23 years$5,840$4,560$3,522$2,694$2,045$683
24 years$5,538$4,272$3,257$2,457$1,838$579
25 years$5,259$4,009$3,016$2,244$1,654$491
26 years$5,003$3,768$2,798$2,052$1,490$416
27 years$4,766$3,546$2,598$1,878$1,343$353
28 years$4,547$3,341$2,415$1,721$1,212$300
29 years$4,343$3,152$2,247$1,578$1,094$254
30 years$4,153$2,977$2,093$1,448$989$216
31 years$3,975$2,814$1,952$1,330$894$183
32 years$3,809$2,663$1,821$1,222$809$156
33 years$3,653$2,522$1,700$1,124$732$132
34 years$3,507$2,390$1,589$1,034$663$112
35 years$3,370$2,267$1,485$952$600$96
36 years$3,240$2,152$1,389$877$544$81
37 years$3,118$2,044$1,300$808$493$69
38 years$3,002$1,942$1,218$745$447$59
39 years$2,893$1,847$1,141$687$405$50
40 years$2,789$1,757$1,069$633$368$42
41 years$2,691$1,673$1,003$584$333$36
42 years$2,597$1,593$941$539$303$31
43 years$2,508$1,518$883$498$275$26
44 years$2,424$1,447$828$460$249$22
45 years$2,343$1,380$778$424$226$19
46 years$2,266$1,316$731$392$205$16
47 years$2,193$1,256$686$362$187$14
48 years$2,123$1,199$645$335$169$12
49 years$2,056$1,145$606$309$154$10
50 years$1,992$1,094$570$286$140$8

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 $2,235 every year, while hoping to spend $25,591 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: 36/34/30 Blend
44$2,040,000$2,040,000$2,040,000$2,040,000
45$2,250,385$2,142,265$2,110,645$2,311,093
46$2,452,696$2,220,008$2,154,123$2,434,435
47$2,674,785$2,300,702$2,198,200$2,565,042
48$2,918,642$2,384,465$2,242,869$2,705,566
49$3,186,460$2,471,420$2,288,121$2,856,917
50$3,480,653$2,561,695$2,333,948$3,020,095
51$3,803,884$2,655,422$2,380,340$3,196,201
52$4,159,083$2,752,740$2,427,284$3,386,443
53$4,549,479$2,853,794$2,474,767$3,592,151
54$4,978,629$2,958,733$2,522,775$3,814,784
55$5,450,454$3,067,716$2,571,293$4,055,948
56$5,969,271$3,180,904$2,620,302$4,317,410
57$6,539,837$3,298,470$2,669,783$4,601,112
58$7,167,395$3,420,589$2,719,715$4,909,190
59$7,857,720$3,547,448$2,770,076$5,243,994
60$8,617,174$3,679,240$2,820,840$5,608,110
61$9,452,768$3,816,165$2,871,980$6,004,383
62$10,372,227$3,958,434$2,923,469$6,435,943
63$11,384,062$4,106,265$2,975,273$6,906,235
64$12,497,651$4,259,887$3,027,359$7,419,051
65$13,723,328$4,419,537$3,079,692$7,978,563
66$15,072,477$4,585,465$3,132,231$8,589,364
67$16,557,644$4,757,927$3,184,935$9,256,513
68$18,192,654$4,937,195$3,237,761$9,985,574
69$19,992,737$5,123,551$3,290,658$10,782,678
70$21,974,679$5,317,287$3,343,578$11,654,570
71$24,156,973$5,518,711$3,396,465$12,608,682
72$26,559,999$5,728,143$3,449,261$13,653,194
73$29,206,213$5,945,915$3,501,905$14,797,115
74$32,120,358$6,172,377$3,554,331$16,050,365
75$35,329,703$6,407,892$3,606,469$17,423,870
76$38,864,292$6,652,838$3,658,245$18,929,661
77$42,757,235$6,907,612$3,709,581$20,580,992
78$47,045,015$7,172,627$3,760,394$22,392,457
79$51,767,834$7,448,313$3,810,595$24,380,132
80$56,969,994$7,735,122$3,860,091$26,561,723
81$62,700,312$8,033,521$3,908,783$28,956,735
82$69,012,583$8,344,003$3,956,566$31,586,652
83$75,966,086$8,667,079$4,003,331$34,475,140
84$83,626,145$9,003,284$4,048,960$37,648,268
85$92,064,742$9,353,175$4,093,331$41,134,754
86$101,361,201$9,717,336$4,136,313$44,966,236
87$111,602,934$10,096,375$4,177,769$49,177,566
88$122,886,264$10,490,929$4,217,556$53,807,140
89$135,317,338$10,901,660$4,255,519$58,897,258
90$149,013,128$11,329,262$4,291,500$64,494,523
91$164,102,531$11,774,460$4,325,329$70,650,276
92$180,727,589$12,238,009$4,356,828$77,421,085
93$199,044,832$12,720,700$4,385,811$84,869,271
94$219,226,749$13,223,358$4,412,079$93,063,497
95$241,463,421$13,746,846$4,435,427$102,079,417
96$265,964,313$14,292,065$4,455,637$112,000,383
97$292,960,252$14,859,955$4,472,480$122,918,234
98$322,705,605$15,451,501$4,485,716$134,934,160
99$355,480,682$16,067,729$4,495,093$148,159,653
100$391,594,379$16,709,715$4,500,345$162,717,559