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%
1 years$170,113$168,598$167,119$165,676$164,267$158,313
2 years$84,214$82,646$81,126$79,652$78,223$72,289
3 years$55,585$54,010$52,494$51,034$49,628$43,901
4 years$41,273$39,703$38,202$36,767$35,395$29,920
5 years$32,689$31,128$29,646$28,241$26,907$21,697
6 years$26,967$25,418$23,959$22,584$21,290$16,350
7 years$22,882$21,346$19,910$18,568$17,315$12,642
8 years$19,820$18,298$16,885$15,576$14,364$9,956
9 years$17,439$15,931$14,543$13,267$12,097$7,946
10 years$15,536$14,043$12,679$11,437$10,307$6,407
11 years$13,980$12,501$11,162$9,953$8,864$5,207
12 years$12,684$11,221$9,906$8,730$7,682$4,258
13 years$11,588$10,140$8,851$7,708$6,699$3,499
14 years$10,649$9,217$7,952$6,842$5,872$2,887
15 years$9,837$8,420$7,180$6,102$5,170$2,389
16 years$9,127$7,725$6,510$5,463$4,569$1,983
17 years$8,501$7,115$5,924$4,909$4,052$1,649
18 years$7,945$6,574$5,407$4,424$3,602$1,373
19 years$7,448$6,093$4,950$3,997$3,211$1,146
20 years$7,001$5,662$4,543$3,620$2,868$957
21 years$6,598$5,274$4,179$3,286$2,567$800
22 years$6,231$4,923$3,851$2,987$2,301$670
23 years$5,897$4,604$3,556$2,721$2,065$561
24 years$5,592$4,314$3,289$2,481$1,856$470
25 years$5,311$4,048$3,046$2,266$1,670$394
26 years$5,052$3,805$2,825$2,072$1,505$330
27 years$4,813$3,581$2,623$1,897$1,356$277
28 years$4,591$3,374$2,439$1,738$1,224$232
29 years$4,385$3,183$2,269$1,594$1,105$195
30 years$4,193$3,006$2,114$1,462$999$164
31 years$4,014$2,842$1,971$1,343$903$137
32 years$3,846$2,689$1,839$1,234$817$115
33 years$3,689$2,546$1,717$1,135$739$97
34 years$3,542$2,413$1,604$1,044$669$81
35 years$3,403$2,289$1,500$961$606$68
36 years$3,272$2,173$1,403$885$549$57
37 years$3,148$2,064$1,313$816$498$48
38 years$3,032$1,961$1,230$752$451$41
39 years$2,921$1,865$1,152$693$409$34
40 years$2,816$1,774$1,080$640$371$29
41 years$2,717$1,689$1,013$590$337$24
42 years$2,623$1,608$950$545$306$20
43 years$2,533$1,533$891$503$277$17
44 years$2,448$1,461$837$464$252$14
45 years$2,366$1,393$786$429$228$12
46 years$2,289$1,329$738$396$207$10
47 years$2,215$1,268$693$366$188$8
48 years$2,144$1,211$651$338$171$7
49 years$2,076$1,156$612$312$155$6
50 years$2,011$1,104$576$289$141$5

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 $6,732 every year, while hoping to spend $32,791 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: 59/28/13 Blend
44$2,060,000$2,060,000$2,060,000$2,060,000
45$2,277,064$2,167,884$2,135,954$2,403,685
46$2,474,435$2,239,221$2,172,619$2,561,165
47$2,690,839$2,312,954$2,209,414$2,728,553
48$2,928,183$2,389,167$2,246,307$2,910,300
49$3,188,566$2,467,945$2,283,267$3,107,792
50$3,474,302$2,549,377$2,320,259$3,322,554
51$3,787,939$2,633,555$2,357,246$3,556,266
52$4,132,284$2,720,574$2,394,188$3,810,775
53$4,510,428$2,810,533$2,431,045$4,088,115
54$4,925,778$2,903,535$2,467,770$4,390,525
55$5,382,084$2,999,685$2,504,318$4,720,468
56$5,883,481$3,099,094$2,540,637$5,080,658
57$6,434,522$3,201,875$2,576,674$5,474,081
58$7,040,223$3,308,147$2,612,372$5,904,027
59$7,706,111$3,418,031$2,647,672$6,374,117
60$8,438,274$3,531,655$2,682,509$6,888,338
61$9,243,422$3,649,150$2,716,817$7,451,082
62$10,128,945$3,770,652$2,750,524$8,067,185
63$11,102,986$3,896,303$2,783,556$8,741,972
64$12,174,518$4,026,249$2,815,832$9,481,310
65$13,353,425$4,160,641$2,847,268$10,291,660
66$14,650,599$4,299,637$2,877,777$11,180,136
67$16,078,041$4,443,401$2,907,263$12,154,579
68$17,648,975$4,592,101$2,935,630$13,223,621
69$19,377,970$4,745,913$2,962,773$14,396,773
70$21,281,079$4,905,019$2,988,582$15,684,512
71$23,375,992$5,069,608$3,012,942$17,098,380
72$25,682,199$5,239,875$3,035,732$18,651,089
73$28,221,178$5,416,024$3,056,824$20,356,648
74$31,016,594$5,598,265$3,076,084$22,230,485
75$34,094,524$5,786,817$3,093,370$24,289,602
76$37,483,701$5,981,906$3,108,533$26,552,728
77$41,215,787$6,183,768$3,121,417$29,040,495
78$45,325,671$6,392,647$3,131,859$31,775,640
79$49,851,799$6,608,796$3,139,685$34,783,208
80$54,836,533$6,832,478$3,144,716$38,090,798
81$60,326,556$7,063,966$3,146,760$41,728,815
82$66,373,307$7,303,542$3,145,619$45,730,761
83$73,033,470$7,551,501$3,141,082$50,133,550
84$80,369,507$7,808,148$3,132,932$54,977,852
85$88,450,248$8,073,799$3,120,937$60,308,484
86$97,351,542$8,348,783$3,104,856$66,174,823
87$107,156,967$8,633,442$3,084,437$72,631,278
88$117,958,626$8,928,129$3,059,414$79,737,801
89$129,858,012$9,233,213$3,029,510$87,560,452
90$142,966,964$9,549,075$2,994,434$96,172,019
91$157,408,727$9,876,113$2,953,881$105,652,710
92$173,319,113$10,214,739$2,907,531$116,090,906
93$190,847,782$10,565,380$2,855,053$127,583,994
94$210,159,653$10,928,481$2,796,094$140,239,284
95$231,436,465$11,304,504$2,730,291$154,175,028
96$254,878,489$11,693,929$2,657,260$169,521,526
97$280,706,418$12,097,254$2,576,601$186,422,361
98$309,163,450$12,514,997$2,487,895$205,035,754
99$340,517,586$12,947,697$2,390,704$225,536,053
100$375,064,158$13,395,912$2,284,570$248,115,378