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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$169,287$167,779$166,308$164,872$163,470$156,984
2 years$83,805$82,245$80,732$79,265$77,843$71,389
3 years$55,315$53,748$52,239$50,786$49,387$43,168
4 years$41,073$39,510$38,017$36,589$35,223$29,287
5 years$32,530$30,977$29,502$28,104$26,776$21,137
6 years$26,836$25,295$23,842$22,475$21,187$15,849
7 years$22,771$21,242$19,813$18,478$17,231$12,192
8 years$19,724$18,209$16,803$15,500$14,294$9,550
9 years$17,355$15,854$14,472$13,203$12,038$7,580
10 years$15,460$13,974$12,617$11,381$10,257$6,077
11 years$13,912$12,441$11,108$9,905$8,821$4,910
12 years$12,622$11,166$9,858$8,688$7,644$3,991
13 years$11,532$10,091$8,808$7,670$6,666$3,260
14 years$10,598$9,172$7,914$6,809$5,843$2,672
15 years$9,789$8,379$7,145$6,072$5,145$2,198
16 years$9,082$7,688$6,478$5,437$4,547$1,812
17 years$8,459$7,080$5,895$4,885$4,032$1,497
18 years$7,906$6,542$5,381$4,402$3,585$1,238
19 years$7,412$6,063$4,926$3,978$3,195$1,026
20 years$6,967$5,634$4,521$3,603$2,854$851
21 years$6,566$5,248$4,158$3,270$2,554$707
22 years$6,201$4,899$3,833$2,973$2,289$587
23 years$5,869$4,582$3,539$2,708$2,055$488
24 years$5,565$4,293$3,273$2,469$1,847$406
25 years$5,285$4,029$3,031$2,255$1,662$338
26 years$5,028$3,786$2,811$2,062$1,497$281
27 years$4,790$3,563$2,611$1,887$1,350$234
28 years$4,569$3,358$2,427$1,729$1,218$195
29 years$4,364$3,168$2,258$1,586$1,100$163
30 years$4,173$2,992$2,104$1,455$994$136
31 years$3,995$2,828$1,961$1,337$898$113
32 years$3,828$2,676$1,830$1,228$813$94
33 years$3,671$2,534$1,708$1,130$736$78
34 years$3,524$2,402$1,596$1,039$666$65
35 years$3,386$2,278$1,492$957$603$55
36 years$3,256$2,162$1,396$881$546$45
37 years$3,133$2,054$1,307$812$495$38
38 years$3,017$1,952$1,224$748$449$32
39 years$2,907$1,856$1,146$690$407$26
40 years$2,803$1,766$1,075$636$369$22
41 years$2,704$1,681$1,008$587$335$18
42 years$2,610$1,601$945$542$304$15
43 years$2,521$1,525$887$500$276$13
44 years$2,436$1,454$833$462$250$11
45 years$2,355$1,386$782$427$227$9
46 years$2,277$1,322$734$394$206$7
47 years$2,204$1,262$690$364$187$6
48 years$2,133$1,205$648$336$170$5
49 years$2,066$1,150$609$311$155$4
50 years$2,002$1,099$573$287$140$4

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 $5,056 every year, while hoping to spend $48,346 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: 63/25/12 Blend
44$2,050,000$2,050,000$2,050,000$2,050,000
45$2,264,315$2,155,665$2,123,890$2,400,332
46$2,443,836$2,209,853$2,143,601$2,546,183
47$2,640,047$2,265,076$2,162,351$2,699,343
48$2,854,600$2,321,333$2,180,059$2,865,383
49$3,089,314$2,378,623$2,196,635$3,045,554
50$3,346,190$2,436,941$2,211,988$3,241,234
51$3,627,433$2,496,283$2,226,022$3,453,940
52$3,935,471$2,556,641$2,238,633$3,685,344
53$4,272,976$2,618,004$2,249,715$3,937,285
54$4,642,895$2,680,361$2,259,155$4,211,790
55$5,048,468$2,743,696$2,266,835$4,511,093
56$5,493,267$2,807,993$2,272,629$4,837,652
57$5,981,227$2,873,231$2,276,409$5,194,178
58$6,516,679$2,939,387$2,278,036$5,583,656
59$7,104,397$3,006,433$2,277,366$6,009,374
60$7,749,636$3,074,339$2,274,249$6,474,955
61$8,458,189$3,143,072$2,268,527$6,984,392
62$9,236,434$3,212,592$2,260,032$7,542,082
63$10,091,399$3,282,857$2,248,591$8,152,873
64$11,030,825$3,353,820$2,234,022$8,822,103
65$12,063,240$3,425,429$2,216,133$9,555,656
66$13,198,041$3,497,625$2,194,724$10,360,016
67$14,445,578$3,570,346$2,169,584$11,242,328
68$15,817,257$3,643,523$2,140,495$12,210,462
69$17,325,640$3,717,079$2,107,225$13,273,095
70$18,984,573$3,790,933$2,069,534$14,439,785
71$20,809,305$3,864,994$2,027,170$15,721,067
72$22,816,642$3,939,167$1,979,867$17,128,550
73$25,025,098$4,013,344$1,927,351$18,675,024
74$27,455,073$4,087,413$1,869,333$20,374,589
75$30,129,044$4,161,250$1,805,509$22,242,780
76$33,071,777$4,234,722$1,735,564$24,296,716
77$36,310,560$4,307,685$1,659,167$26,555,264
78$39,875,461$4,379,986$1,575,973$29,039,216
79$43,799,610$4,451,457$1,485,621$31,771,487
80$48,119,514$4,521,922$1,387,732$34,777,325
81$52,875,397$4,591,189$1,281,914$38,084,560
82$58,111,582$4,659,051$1,167,752$41,723,859
83$63,876,909$4,725,290$1,044,818$45,729,019
84$70,225,194$4,789,671$912,660$50,137,284
85$77,215,740$4,851,940$770,810$54,989,702
86$84,913,889$4,911,829$618,776$60,331,507
87$93,391,647$4,969,050$456,046$66,212,551
88$102,728,358$5,023,297$282,087$72,687,773
89$113,011,452$5,074,240$96,338$79,817,718
90$124,337,274$5,121,530$0$87,669,108
91$136,811,986$5,164,796$0$96,328,525
92$150,552,577$5,203,639$0$105,877,969
93$165,687,960$5,237,638$0$116,394,483
94$182,360,191$5,266,341$0$127,976,571
95$200,725,809$5,289,271$0$140,732,786
96$220,957,314$5,305,918$0$154,782,755
97$243,244,794$5,315,741$0$170,258,304
98$267,797,715$5,318,165$0$187,304,708
99$294,846,907$5,312,579$0$206,082,061
100$324,646,731$5,298,336$0$226,766,787