Can I retire at age 45 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$170,113$168,598$167,119$165,676$164,267$157,812
2 years$84,214$82,646$81,126$79,652$78,223$71,798
3 years$55,585$54,010$52,494$51,034$49,628$43,436
4 years$41,273$39,703$38,202$36,767$35,395$29,483
5 years$32,689$31,128$29,646$28,241$26,907$21,290
6 years$26,967$25,418$23,959$22,584$21,290$15,973
7 years$22,882$21,346$19,910$18,568$17,315$12,294
8 years$19,820$18,298$16,885$15,576$14,364$9,636
9 years$17,439$15,931$14,543$13,267$12,097$7,653
10 years$15,536$14,043$12,679$11,437$10,307$6,140
11 years$13,980$12,501$11,162$9,953$8,864$4,964
12 years$12,684$11,221$9,906$8,730$7,682$4,037
13 years$11,588$10,140$8,851$7,708$6,699$3,300
14 years$10,649$9,217$7,952$6,842$5,872$2,707
15 years$9,837$8,420$7,180$6,102$5,170$2,228
16 years$9,127$7,725$6,510$5,463$4,569$1,838
17 years$8,501$7,115$5,924$4,909$4,052$1,519
18 years$7,945$6,574$5,407$4,424$3,602$1,258
19 years$7,448$6,093$4,950$3,997$3,211$1,043
20 years$7,001$5,662$4,543$3,620$2,868$866
21 years$6,598$5,274$4,179$3,286$2,567$720
22 years$6,231$4,923$3,851$2,987$2,301$598
23 years$5,897$4,604$3,556$2,721$2,065$498
24 years$5,592$4,314$3,289$2,481$1,856$415
25 years$5,311$4,048$3,046$2,266$1,670$345
26 years$5,052$3,805$2,825$2,072$1,505$288
27 years$4,813$3,581$2,623$1,897$1,356$240
28 years$4,591$3,374$2,439$1,738$1,224$200
29 years$4,385$3,183$2,269$1,594$1,105$167
30 years$4,193$3,006$2,114$1,462$999$139
31 years$4,014$2,842$1,971$1,343$903$116
32 years$3,846$2,689$1,839$1,234$817$97
33 years$3,689$2,546$1,717$1,135$739$81
34 years$3,542$2,413$1,604$1,044$669$67
35 years$3,403$2,289$1,500$961$606$56
36 years$3,272$2,173$1,403$885$549$47
37 years$3,148$2,064$1,313$816$498$39
38 years$3,032$1,961$1,230$752$451$33
39 years$2,921$1,865$1,152$693$409$27
40 years$2,816$1,774$1,080$640$371$23
41 years$2,717$1,689$1,013$590$337$19
42 years$2,623$1,608$950$545$306$16
43 years$2,533$1,533$891$503$277$13
44 years$2,448$1,461$837$464$252$11
45 years$2,366$1,393$786$429$228$9
46 years$2,289$1,329$738$396$207$8
47 years$2,215$1,268$693$366$188$6
48 years$2,144$1,211$651$338$171$5
49 years$2,076$1,156$612$312$155$4
50 years$2,011$1,104$576$289$141$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,060,000, adding $4,465 every year, while hoping to spend $47,128 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: 63/32/5 Blend
44$2,060,000$2,060,000$2,060,000$2,060,000
45$2,274,726$2,165,546$2,133,616$2,416,060
46$2,456,604$2,221,514$2,154,948$2,566,689
47$2,655,454$2,278,644$2,175,415$2,725,107
48$2,872,958$2,336,945$2,194,939$2,896,823
49$3,110,966$2,396,422$2,213,436$3,083,121
50$3,371,518$2,457,080$2,230,820$3,285,413
51$3,656,858$2,518,922$2,246,997$3,505,254
52$3,969,458$2,581,950$2,261,872$3,744,357
53$4,312,041$2,646,164$2,275,343$4,004,605
54$4,687,604$2,711,561$2,287,302$4,288,074
55$5,099,451$2,778,139$2,297,638$4,597,051
56$5,551,218$2,845,890$2,306,232$4,934,052
57$6,046,911$2,914,808$2,312,960$5,301,850
58$6,590,944$2,984,881$2,317,691$5,703,498
59$7,188,176$3,056,096$2,320,290$6,142,359
60$7,843,962$3,128,437$2,320,611$6,622,138
61$8,564,199$3,201,884$2,318,505$7,146,915
62$9,355,386$3,276,414$2,313,814$7,721,185
63$10,224,679$3,352,003$2,306,370$8,349,901
64$11,179,964$3,428,618$2,296,002$9,038,518
65$12,229,928$3,506,228$2,282,525$9,793,047
66$13,384,140$3,584,793$2,265,750$10,620,109
67$14,653,146$3,664,271$2,245,475$11,527,000
68$16,048,560$3,744,614$2,221,492$12,521,758
69$17,583,182$3,825,768$2,193,580$13,613,239
70$19,271,111$3,907,676$2,161,510$14,811,201
71$21,127,884$3,990,272$2,125,041$16,126,397
72$23,170,619$4,073,486$2,083,920$17,570,674
73$25,418,174$4,157,239$2,037,884$19,157,086
74$27,891,331$4,241,447$1,986,656$20,900,018
75$30,612,986$4,326,017$1,929,948$22,815,319
76$33,608,367$4,410,848$1,867,458$24,920,456
77$36,905,272$4,495,831$1,798,869$27,234,675
78$40,534,330$4,580,847$1,723,851$29,779,184
79$44,529,291$4,665,767$1,642,059$32,577,352
80$48,927,342$4,750,453$1,553,132$35,654,934
81$53,769,460$4,834,755$1,456,691$39,040,308
82$59,100,797$4,918,511$1,352,343$42,764,747
83$64,971,107$5,001,546$1,239,675$46,862,713
84$71,435,212$5,083,674$1,118,256$51,372,183
85$78,553,523$5,164,693$987,637$56,335,007
86$86,392,608$5,244,388$847,348$61,797,305
87$95,025,817$5,322,527$696,897$67,809,898
88$104,533,981$5,398,861$535,774$74,428,793
89$115,006,166$5,473,124$363,441$81,715,710
90$126,540,521$5,545,033$179,342$89,738,665
91$139,245,197$5,614,283$0$98,572,612
92$153,239,372$5,680,548$0$108,301,066
93$168,654,376$5,743,482$0$119,024,408
94$185,634,924$5,802,715$0$130,833,410
95$204,340,488$5,857,850$0$143,838,653
96$224,946,801$5,908,468$0$158,161,999
97$247,647,510$5,954,118$0$173,937,740
98$272,656,010$5,994,324$0$191,313,868
99$300,207,454$6,028,576$0$210,453,468
100$330,560,971$6,056,333$0$231,536,263