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%15.2%
1 years$169,287$167,779$166,308$164,872$163,470$159,973
2 years$83,805$82,245$80,732$79,265$77,843$74,337
3 years$55,315$53,748$52,239$50,786$49,387$45,981
4 years$41,073$39,510$38,017$36,589$35,223$31,944
5 years$32,530$30,977$29,502$28,104$26,776$23,633
6 years$26,836$25,295$23,842$22,475$21,187$18,183
7 years$22,771$21,242$19,813$18,478$17,231$14,366
8 years$19,724$18,209$16,803$15,500$14,294$11,569
9 years$17,355$15,854$14,472$13,203$12,038$9,449
10 years$15,460$13,974$12,617$11,381$10,257$7,802
11 years$13,912$12,441$11,108$9,905$8,821$6,498
12 years$12,622$11,166$9,858$8,688$7,644$5,448
13 years$11,532$10,091$8,808$7,670$6,666$4,594
14 years$10,598$9,172$7,914$6,809$5,843$3,891
15 years$9,789$8,379$7,145$6,072$5,145$3,307
16 years$9,082$7,688$6,478$5,437$4,547$2,820
17 years$8,459$7,080$5,895$4,885$4,032$2,411
18 years$7,906$6,542$5,381$4,402$3,585$2,066
19 years$7,412$6,063$4,926$3,978$3,195$1,774
20 years$6,967$5,634$4,521$3,603$2,854$1,525
21 years$6,566$5,248$4,158$3,270$2,554$1,313
22 years$6,201$4,899$3,833$2,973$2,289$1,132
23 years$5,869$4,582$3,539$2,708$2,055$976
24 years$5,565$4,293$3,273$2,469$1,847$843
25 years$5,285$4,029$3,031$2,255$1,662$728
26 years$5,028$3,786$2,811$2,062$1,497$630
27 years$4,790$3,563$2,611$1,887$1,350$545
28 years$4,569$3,358$2,427$1,729$1,218$472
29 years$4,364$3,168$2,258$1,586$1,100$408
30 years$4,173$2,992$2,104$1,455$994$354
31 years$3,995$2,828$1,961$1,337$898$306
32 years$3,828$2,676$1,830$1,228$813$266
33 years$3,671$2,534$1,708$1,130$736$230
34 years$3,524$2,402$1,596$1,039$666$200
35 years$3,386$2,278$1,492$957$603$173
36 years$3,256$2,162$1,396$881$546$150
37 years$3,133$2,054$1,307$812$495$130
38 years$3,017$1,952$1,224$748$449$113
39 years$2,907$1,856$1,146$690$407$98
40 years$2,803$1,766$1,075$636$369$85
41 years$2,704$1,681$1,008$587$335$74
42 years$2,610$1,601$945$542$304$64
43 years$2,521$1,525$887$500$276$56
44 years$2,436$1,454$833$462$250$48
45 years$2,355$1,386$782$427$227$42
46 years$2,277$1,322$734$394$206$36
47 years$2,204$1,262$690$364$187$31
48 years$2,133$1,205$648$336$170$27
49 years$2,066$1,150$609$311$155$24
50 years$2,002$1,099$573$287$140$21

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 $2,946 every year, while hoping to spend $54,128 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: 68/13/19 Blend
44$2,050,000$2,050,000$2,050,000$2,050,000
45$2,262,139$2,153,489$2,121,714$2,405,208
46$2,435,285$2,201,418$2,135,199$2,549,119
47$2,624,278$2,249,882$2,147,323$2,699,882
48$2,830,678$2,298,849$2,157,981$2,863,473
49$3,056,199$2,348,285$2,167,066$3,041,154
50$3,302,733$2,398,152$2,174,464$3,234,313
51$3,572,360$2,448,409$2,180,056$3,444,481
52$3,867,370$2,499,011$2,183,718$3,673,343
53$4,190,286$2,549,907$2,185,316$3,922,757
54$4,543,885$2,601,042$2,184,714$4,194,771
55$4,931,226$2,652,358$2,181,768$4,491,639
56$5,355,678$2,703,791$2,176,324$4,815,848
57$5,820,950$2,755,270$2,168,224$5,170,137
58$6,331,129$2,806,719$2,157,300$5,557,525
59$6,890,713$2,858,058$2,143,379$5,981,339
60$7,504,660$2,909,197$2,126,277$6,445,244
61$8,178,429$2,960,041$2,105,801$6,953,283
62$8,918,034$3,010,488$2,081,750$7,509,907
63$9,730,099$3,060,427$2,053,914$8,120,025
64$10,621,921$3,109,740$2,022,072$8,789,045
65$11,601,538$3,158,299$1,985,993$9,522,928
66$12,677,806$3,205,966$1,945,434$10,328,245
67$13,860,479$3,252,596$1,900,144$11,212,235
68$15,160,306$3,298,031$1,849,857$12,182,881
69$16,589,126$3,342,104$1,794,296$13,248,976
70$18,159,984$3,384,634$1,733,171$14,420,215
71$19,887,250$3,425,428$1,666,181$15,707,281
72$21,786,758$3,464,283$1,593,006$17,121,950
73$23,875,953$3,500,978$1,513,317$18,677,198
74$26,174,055$3,535,281$1,426,768$20,387,330
75$28,702,239$3,566,940$1,332,996$22,268,109
76$31,483,839$3,595,692$1,231,622$24,336,910
77$34,544,563$3,621,253$1,122,253$26,612,881
78$37,912,735$3,643,321$1,004,476$29,117,126
79$41,619,566$3,661,576$877,858$31,872,905
80$45,699,446$3,675,678$741,951$34,905,854
81$50,190,267$3,685,263$596,283$38,244,226
82$55,133,779$3,689,946$440,364$41,919,159
83$60,575,989$3,689,318$273,681$45,964,972
84$66,567,589$3,682,944$95,698$50,419,488
85$73,164,438$3,670,362$0$55,324,392
86$80,428,084$3,651,083$0$60,744,733
87$88,426,349$3,624,587$0$66,733,983
88$97,233,967$3,590,322$0$73,328,647
89$106,933,288$3,547,704$0$80,590,356
90$117,615,056$3,496,115$0$88,587,024
91$129,379,264$3,434,896$0$97,393,491
92$142,336,096$3,363,353$0$107,092,229
93$156,606,969$3,280,749$0$117,774,123
94$172,325,678$3,186,304$0$129,539,325
95$189,639,657$3,079,192$0$142,498,202
96$208,711,369$2,958,540$0$156,772,380
97$229,719,843$2,823,422$0$172,495,886
98$252,862,358$2,672,861$0$189,816,421
99$278,356,310$2,505,822$0$208,896,750
100$306,441,257$2,321,211$0$229,916,237