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%12.4%
1 years$169,287$167,779$166,308$164,872$163,470$161,830
2 years$83,805$82,245$80,732$79,265$77,843$76,191
3 years$55,315$53,748$52,239$50,786$49,387$47,774
4 years$41,073$39,510$38,017$36,589$35,223$33,663
5 years$32,530$30,977$29,502$28,104$26,776$25,272
6 years$26,836$25,295$23,842$22,475$21,187$19,741
7 years$22,771$21,242$19,813$18,478$17,231$15,844
8 years$19,724$18,209$16,803$15,500$14,294$12,967
9 years$17,355$15,854$14,472$13,203$12,038$10,768
10 years$15,460$13,974$12,617$11,381$10,257$9,045
11 years$13,912$12,441$11,108$9,905$8,821$7,666
12 years$12,622$11,166$9,858$8,688$7,644$6,544
13 years$11,532$10,091$8,808$7,670$6,666$5,620
14 years$10,598$9,172$7,914$6,809$5,843$4,850
15 years$9,789$8,379$7,145$6,072$5,145$4,203
16 years$9,082$7,688$6,478$5,437$4,547$3,655
17 years$8,459$7,080$5,895$4,885$4,032$3,188
18 years$7,906$6,542$5,381$4,402$3,585$2,787
19 years$7,412$6,063$4,926$3,978$3,195$2,442
20 years$6,967$5,634$4,521$3,603$2,854$2,144
21 years$6,566$5,248$4,158$3,270$2,554$1,885
22 years$6,201$4,899$3,833$2,973$2,289$1,660
23 years$5,869$4,582$3,539$2,708$2,055$1,464
24 years$5,565$4,293$3,273$2,469$1,847$1,292
25 years$5,285$4,029$3,031$2,255$1,662$1,141
26 years$5,028$3,786$2,811$2,062$1,497$1,009
27 years$4,790$3,563$2,611$1,887$1,350$893
28 years$4,569$3,358$2,427$1,729$1,218$790
29 years$4,364$3,168$2,258$1,586$1,100$700
30 years$4,173$2,992$2,104$1,455$994$620
31 years$3,995$2,828$1,961$1,337$898$550
32 years$3,828$2,676$1,830$1,228$813$488
33 years$3,671$2,534$1,708$1,130$736$433
34 years$3,524$2,402$1,596$1,039$666$384
35 years$3,386$2,278$1,492$957$603$341
36 years$3,256$2,162$1,396$881$546$303
37 years$3,133$2,054$1,307$812$495$269
38 years$3,017$1,952$1,224$748$449$239
39 years$2,907$1,856$1,146$690$407$212
40 years$2,803$1,766$1,075$636$369$189
41 years$2,704$1,681$1,008$587$335$168
42 years$2,610$1,601$945$542$304$149
43 years$2,521$1,525$887$500$276$133
44 years$2,436$1,454$833$462$250$118
45 years$2,355$1,386$782$427$227$105
46 years$2,277$1,322$734$394$206$93
47 years$2,204$1,262$690$364$187$83
48 years$2,133$1,205$648$336$170$74
49 years$2,066$1,150$609$311$155$66
50 years$2,002$1,099$573$287$140$58

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 $2,966 every year, while hoping to spend $23,627 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: 56/20/24 Blend
44$2,050,000$2,050,000$2,050,000$2,050,000
45$2,262,159$2,153,509$2,121,734$2,373,876
46$2,467,761$2,233,892$2,167,674$2,531,129
47$2,693,542$2,317,422$2,214,360$2,699,627
48$2,941,535$2,404,228$2,261,793$2,882,707
49$3,213,982$2,494,445$2,309,973$3,081,781
50$3,513,348$2,588,214$2,358,898$3,298,399
51$3,842,354$2,685,681$2,408,565$3,534,270
52$4,203,994$2,786,999$2,458,972$3,791,274
53$4,601,567$2,892,327$2,510,113$4,071,479
54$5,038,708$3,001,833$2,561,984$4,377,162
55$5,519,424$3,115,690$2,614,577$4,710,829
56$6,048,125$3,234,079$2,667,885$5,075,241
57$6,629,674$3,357,189$2,721,900$5,473,433
58$7,269,427$3,485,218$2,776,610$5,908,752
59$7,973,286$3,618,371$2,832,004$6,384,879
60$8,747,754$3,756,863$2,888,069$6,905,870
61$9,599,995$3,900,920$2,944,789$7,476,188
62$10,537,904$4,050,774$3,002,148$8,100,751
63$11,570,178$4,206,670$3,060,129$8,784,975
64$12,706,403$4,368,864$3,118,710$9,534,821
65$13,957,139$4,537,621$3,177,869$10,356,858
66$15,334,023$4,713,220$3,237,583$11,258,320
67$16,849,876$4,895,951$3,297,825$12,247,173
68$18,518,827$5,086,116$3,358,567$13,332,193
69$20,356,445$5,284,033$3,419,776$14,523,046
70$22,379,884$5,490,032$3,481,420$15,830,381
71$24,608,046$5,704,458$3,543,462$17,265,925
72$27,061,762$5,927,672$3,605,863$18,842,599
73$29,763,983$6,160,049$3,668,581$20,574,636
74$32,740,001$6,401,983$3,731,570$22,477,715
75$36,017,686$6,653,885$3,794,782$24,569,110
76$39,627,749$6,916,184$3,858,166$26,867,849
77$43,604,029$7,189,327$3,921,665$29,394,898
78$47,983,820$7,473,784$3,985,220$32,173,352
79$52,808,212$7,770,042$4,048,768$35,228,659
80$58,122,489$8,078,613$4,112,241$38,588,853
81$63,976,549$8,400,031$4,175,567$42,284,822
82$70,425,379$8,734,855$4,238,670$46,350,597
83$77,529,570$9,083,665$4,301,468$50,823,674
84$85,355,895$9,447,073$4,363,876$55,745,365
85$93,977,931$9,825,715$4,425,801$61,161,188
86$103,476,761$10,220,256$4,487,146$67,121,295
87$113,941,733$10,631,391$4,547,808$73,680,947
88$125,471,308$11,059,848$4,607,678$80,901,031
89$138,173,987$11,506,386$4,666,640$88,848,635
90$152,169,334$11,971,799$4,724,573$97,597,682
91$167,589,107$12,456,918$4,781,347$107,229,625
92$184,578,499$12,962,610$4,836,826$117,834,214
93$203,297,512$13,489,784$4,890,865$129,510,343
94$223,922,462$14,039,387$4,943,313$142,366,983
95$246,647,648$14,612,412$4,994,009$156,524,208
96$271,687,184$15,209,896$5,042,784$172,114,328
97$299,277,018$15,832,922$5,089,459$189,283,134
98$329,677,165$16,482,626$5,133,846$208,191,279
99$363,174,154$17,160,193$5,175,749$229,015,786
100$400,083,738$17,866,863$5,214,957$251,951,720