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

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$170,113$168,598$167,119$165,676$164,267$162,755
2 years$84,214$82,646$81,126$79,652$78,223$76,699
3 years$55,585$54,010$52,494$51,034$49,628$48,140
4 years$41,273$39,703$38,202$36,767$35,395$33,954
5 years$32,689$31,128$29,646$28,241$26,907$25,518
6 years$26,967$25,418$23,959$22,584$21,290$19,955
7 years$22,882$21,346$19,910$18,568$17,315$16,033
8 years$19,820$18,298$16,885$15,576$14,364$13,136
9 years$17,439$15,931$14,543$13,267$12,097$10,922
10 years$15,536$14,043$12,679$11,437$10,307$9,185
11 years$13,980$12,501$11,162$9,953$8,864$7,794
12 years$12,684$11,221$9,906$8,730$7,682$6,662
13 years$11,588$10,140$8,851$7,708$6,699$5,729
14 years$10,649$9,217$7,952$6,842$5,872$4,951
15 years$9,837$8,420$7,180$6,102$5,170$4,296
16 years$9,127$7,725$6,510$5,463$4,569$3,741
17 years$8,501$7,115$5,924$4,909$4,052$3,267
18 years$7,945$6,574$5,407$4,424$3,602$2,861
19 years$7,448$6,093$4,950$3,997$3,211$2,510
20 years$7,001$5,662$4,543$3,620$2,868$2,207
21 years$6,598$5,274$4,179$3,286$2,567$1,944
22 years$6,231$4,923$3,851$2,987$2,301$1,714
23 years$5,897$4,604$3,556$2,721$2,065$1,513
24 years$5,592$4,314$3,289$2,481$1,856$1,338
25 years$5,311$4,048$3,046$2,266$1,670$1,184
26 years$5,052$3,805$2,825$2,072$1,505$1,048
27 years$4,813$3,581$2,623$1,897$1,356$929
28 years$4,591$3,374$2,439$1,738$1,224$824
29 years$4,385$3,183$2,269$1,594$1,105$731
30 years$4,193$3,006$2,114$1,462$999$649
31 years$4,014$2,842$1,971$1,343$903$576
32 years$3,846$2,689$1,839$1,234$817$512
33 years$3,689$2,546$1,717$1,135$739$455
34 years$3,542$2,413$1,604$1,044$669$404
35 years$3,403$2,289$1,500$961$606$360
36 years$3,272$2,173$1,403$885$549$320
37 years$3,148$2,064$1,313$816$498$285
38 years$3,032$1,961$1,230$752$451$253
39 years$2,921$1,865$1,152$693$409$225
40 years$2,816$1,774$1,080$640$371$201
41 years$2,717$1,689$1,013$590$337$179
42 years$2,623$1,608$950$545$306$159
43 years$2,533$1,533$891$503$277$142
44 years$2,448$1,461$837$464$252$126
45 years$2,366$1,393$786$429$228$112
46 years$2,289$1,329$738$396$207$100
47 years$2,215$1,268$693$366$188$89
48 years$2,144$1,211$651$338$171$79
49 years$2,076$1,156$612$312$155$71
50 years$2,011$1,104$576$289$141$63

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 $2,115 every year, while hoping to spend $46,725 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: 58/18/24 Blend
44$2,060,000$2,060,000$2,060,000$2,060,000
45$2,272,302$2,163,122$2,131,192$2,389,260
46$2,454,361$2,219,400$2,152,872$2,525,574
47$2,653,425$2,276,869$2,173,712$2,668,947
48$2,871,178$2,335,539$2,193,635$2,824,269
49$3,109,476$2,395,418$2,212,559$2,992,706
50$3,370,361$2,456,512$2,230,398$3,175,545
51$3,656,083$2,518,827$2,247,062$3,374,202
52$3,969,121$2,582,367$2,262,456$3,590,238
53$4,312,202$2,647,133$2,276,479$3,825,372
54$4,688,332$2,713,128$2,289,026$4,081,500
55$5,100,819$2,780,349$2,299,986$4,360,710
56$5,553,311$2,848,794$2,309,243$4,665,302
57$6,049,821$2,918,457$2,316,675$4,997,810
58$6,594,772$2,989,331$2,322,154$5,361,030
59$7,193,036$3,061,406$2,325,543$5,758,039
60$7,849,980$3,134,668$2,326,703$6,192,231
61$8,571,514$3,209,103$2,325,483$6,667,343
62$9,364,151$3,284,692$2,321,730$7,187,496
63$10,235,064$3,361,412$2,315,278$7,757,230
64$11,192,158$3,439,239$2,305,957$8,381,551
65$12,244,139$3,518,142$2,293,587$9,065,973
66$13,400,598$3,598,088$2,277,979$9,816,575
67$14,672,105$3,679,040$2,258,937$10,640,054
68$16,070,301$3,760,954$2,236,253$11,543,794
69$17,608,015$3,843,785$2,209,711$12,535,932
70$19,299,380$3,927,478$2,179,084$13,625,434
71$21,159,968$4,011,975$2,144,134$14,822,184
72$23,206,935$4,097,212$2,104,614$16,137,074
73$25,459,186$4,183,119$2,060,261$17,582,108
74$27,937,548$4,269,617$2,010,805$19,170,519
75$30,664,971$4,356,621$1,955,960$20,916,887
76$33,666,742$4,444,039$1,895,429$22,837,283
77$36,970,722$4,531,770$1,828,898$24,949,420
78$40,607,613$4,619,704$1,756,043$27,272,820
79$44,611,242$4,707,722$1,676,523$29,828,995
80$49,018,883$4,795,694$1,589,981$32,641,659
81$53,871,608$4,883,482$1,496,044$35,736,945
82$59,214,674$4,970,935$1,394,324$39,143,653
83$65,097,950$5,057,890$1,284,413$42,893,528
84$71,576,386$5,144,172$1,165,886$47,021,553
85$78,710,534$5,229,593$1,038,300$51,566,285
86$86,567,116$5,313,951$901,191$56,570,217
87$95,219,655$5,397,027$754,073$62,080,180
88$104,749,167$5,478,589$596,442$68,147,790
89$115,244,929$5,558,387$427,770$74,829,929
90$126,805,316$5,636,152$247,504$82,189,288
91$139,538,732$5,711,597$55,070$90,294,958
92$153,564,634$5,784,417$0$99,223,086
93$169,014,656$5,854,283$0$109,096,075
94$186,033,853$5,920,844$0$119,985,475
95$204,782,068$5,983,728$0$131,979,265
96$225,435,443$6,042,535$0$145,189,949
97$248,188,079$6,096,840$0$159,741,507
98$273,253,869$6,146,190$0$175,770,565
99$300,868,512$6,190,103$0$193,427,681
100$331,291,746$6,228,063$0$212,878,769