Can I retire at age 45 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$169,287$167,779$166,308$164,872$163,470$162,033
2 years$83,805$82,245$80,732$79,265$77,843$76,394
3 years$55,315$53,748$52,239$50,786$49,387$47,972
4 years$41,073$39,510$38,017$36,589$35,223$33,853
5 years$32,530$30,977$29,502$28,104$26,776$25,455
6 years$26,836$25,295$23,842$22,475$21,187$19,916
7 years$22,771$21,242$19,813$18,478$17,231$16,011
8 years$19,724$18,209$16,803$15,500$14,294$13,126
9 years$17,355$15,854$14,472$13,203$12,038$10,920
10 years$15,460$13,974$12,617$11,381$10,257$9,189
11 years$13,912$12,441$11,108$9,905$8,821$7,802
12 years$12,622$11,166$9,858$8,688$7,644$6,673
13 years$11,532$10,091$8,808$7,670$6,666$5,742
14 years$10,598$9,172$7,914$6,809$5,843$4,965
15 years$9,789$8,379$7,145$6,072$5,145$4,312
16 years$9,082$7,688$6,478$5,437$4,547$3,757
17 years$8,459$7,080$5,895$4,885$4,032$3,284
18 years$7,906$6,542$5,381$4,402$3,585$2,877
19 years$7,412$6,063$4,926$3,978$3,195$2,527
20 years$6,967$5,634$4,521$3,603$2,854$2,223
21 years$6,566$5,248$4,158$3,270$2,554$1,959
22 years$6,201$4,899$3,833$2,973$2,289$1,729
23 years$5,869$4,582$3,539$2,708$2,055$1,528
24 years$5,565$4,293$3,273$2,469$1,847$1,351
25 years$5,285$4,029$3,031$2,255$1,662$1,197
26 years$5,028$3,786$2,811$2,062$1,497$1,061
27 years$4,790$3,563$2,611$1,887$1,350$941
28 years$4,569$3,358$2,427$1,729$1,218$835
29 years$4,364$3,168$2,258$1,586$1,100$741
30 years$4,173$2,992$2,104$1,455$994$659
31 years$3,995$2,828$1,961$1,337$898$585
32 years$3,828$2,676$1,830$1,228$813$520
33 years$3,671$2,534$1,708$1,130$736$463
34 years$3,524$2,402$1,596$1,039$666$412
35 years$3,386$2,278$1,492$957$603$367
36 years$3,256$2,162$1,396$881$546$326
37 years$3,133$2,054$1,307$812$495$291
38 years$3,017$1,952$1,224$748$449$259
39 years$2,907$1,856$1,146$690$407$231
40 years$2,803$1,766$1,075$636$369$205
41 years$2,704$1,681$1,008$587$335$183
42 years$2,610$1,601$945$542$304$163
43 years$2,521$1,525$887$500$276$145
44 years$2,436$1,454$833$462$250$130
45 years$2,355$1,386$782$427$227$116
46 years$2,277$1,322$734$394$206$103
47 years$2,204$1,262$690$364$187$92
48 years$2,133$1,205$648$336$170$82
49 years$2,066$1,150$609$311$155$73
50 years$2,002$1,099$573$287$140$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,050,000, adding $2,688 every year, while hoping to spend $21,102 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: 65/7/28 Blend
44$2,050,000$2,050,000$2,050,000$2,050,000
45$2,261,873$2,153,223$2,121,448$2,391,976
46$2,470,131$2,236,278$2,170,064$2,563,314
47$2,698,925$2,322,696$2,219,601$2,747,936
48$2,950,326$2,412,619$2,270,069$2,949,280
49$3,226,618$2,506,196$2,321,474$3,168,994
50$3,530,315$2,603,582$2,373,826$3,408,894
51$3,864,189$2,704,939$2,427,131$3,670,979
52$4,231,292$2,810,436$2,481,395$3,957,450
53$4,634,987$2,920,251$2,536,626$4,270,731
54$5,078,981$3,034,569$2,592,827$4,613,491
55$5,567,355$3,153,581$2,650,006$4,988,671
56$6,104,609$3,277,490$2,708,165$5,399,508
57$6,695,698$3,406,506$2,767,307$5,849,570
58$7,346,084$3,540,849$2,827,436$6,342,785
59$8,061,783$3,680,749$2,888,554$6,883,480
60$8,849,424$3,826,446$2,950,660$7,476,423
61$9,716,314$3,978,189$3,013,755$8,126,863
62$10,670,499$4,136,243$3,077,838$8,840,585
63$11,720,850$4,300,879$3,142,905$9,623,962
64$12,877,139$4,472,384$3,208,955$10,484,013
65$14,150,133$4,651,056$3,275,980$11,428,473
66$15,551,698$4,837,209$3,343,977$12,465,860
67$17,094,907$5,031,168$3,412,936$13,605,562
68$18,794,166$5,233,274$3,482,848$14,857,922
69$20,665,351$5,443,885$3,553,704$16,234,331
70$22,725,954$5,663,372$3,625,490$17,747,346
71$24,995,249$5,892,125$3,698,192$19,410,795
72$27,494,477$6,130,552$3,771,793$21,239,920
73$30,247,042$6,379,077$3,846,277$23,251,511
74$33,278,734$6,638,146$3,921,621$25,464,068
75$36,617,974$6,908,224$3,997,804$27,897,976
76$40,296,078$7,189,797$4,074,801$30,575,697
77$44,347,555$7,483,374$4,152,584$33,521,978
78$48,810,432$7,789,487$4,231,123$36,764,089
79$53,726,616$8,108,691$4,310,384$40,332,078
80$59,142,282$8,441,568$4,390,333$44,259,054
81$65,108,315$8,788,725$4,470,930$48,581,499
82$71,680,790$9,150,800$4,552,133$53,339,614
83$78,921,497$9,528,456$4,633,896$58,577,696
84$86,898,529$9,922,389$4,716,171$64,344,555
85$95,686,919$10,333,326$4,798,903$70,693,977
86$105,369,355$10,762,029$4,882,036$77,685,229
87$116,036,953$11,209,292$4,965,508$85,383,621
88$127,790,124$11,675,950$5,049,255$93,861,119
89$140,739,517$12,162,871$5,133,205$103,197,023
90$155,007,064$12,670,968$5,217,283$113,478,719
91$170,727,132$13,201,194$5,301,410$124,802,502
92$188,047,792$13,754,545$5,385,500$137,274,483
93$207,132,214$14,332,064$5,469,461$151,011,592
94$228,160,209$14,934,844$5,553,197$166,142,678
95$251,329,925$15,564,026$5,636,604$182,809,731
96$276,859,719$16,220,805$5,719,572$201,169,215
97$304,990,218$16,906,432$5,801,985$221,393,549
98$335,986,588$17,622,215$5,883,719$243,672,733
99$370,141,040$18,369,524$5,964,644$268,216,141
100$407,775,586$19,149,791$6,044,620$295,254,494