Can I retire at age 45 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$170,939$169,416$167,930$166,481$165,065$160,944
2 years$84,623$83,047$81,520$80,039$78,602$74,476
3 years$55,855$54,272$52,749$51,282$49,868$45,867
4 years$41,474$39,896$38,387$36,945$35,567$31,720
5 years$32,847$31,279$29,790$28,378$27,037$23,356
6 years$27,098$25,541$24,075$22,694$21,394$17,882
7 years$22,993$21,450$20,006$18,658$17,399$14,057
8 years$19,916$18,386$16,967$15,652$14,434$11,261
9 years$17,524$16,009$14,614$13,332$12,155$9,148
10 years$15,611$14,111$12,741$11,492$10,357$7,512
11 years$14,047$12,562$11,217$10,002$8,907$6,220
12 years$12,745$11,275$9,954$8,773$7,719$5,185
13 years$11,644$10,189$8,894$7,745$6,731$4,345
14 years$10,701$9,262$7,991$6,875$5,900$3,658
15 years$9,885$8,461$7,215$6,131$5,195$3,090
16 years$9,171$7,763$6,541$5,490$4,592$2,618
17 years$8,542$7,149$5,952$4,933$4,071$2,224
18 years$7,983$6,606$5,434$4,445$3,620$1,893
19 years$7,484$6,122$4,974$4,017$3,226$1,614
20 years$7,035$5,689$4,565$3,638$2,882$1,378
21 years$6,630$5,299$4,199$3,302$2,579$1,179
22 years$6,262$4,947$3,870$3,002$2,312$1,009
23 years$5,926$4,627$3,573$2,734$2,075$864
24 years$5,619$4,335$3,305$2,494$1,865$741
25 years$5,337$4,068$3,061$2,277$1,678$636
26 years$5,077$3,823$2,839$2,082$1,512$546
27 years$4,836$3,598$2,636$1,906$1,363$469
28 years$4,614$3,391$2,451$1,746$1,230$403
29 years$4,407$3,199$2,280$1,601$1,111$346
30 years$4,214$3,021$2,124$1,470$1,003$298
31 years$4,034$2,856$1,980$1,350$907$256
32 years$3,865$2,702$1,848$1,240$821$220
33 years$3,707$2,559$1,725$1,141$743$189
34 years$3,559$2,425$1,612$1,050$672$163
35 years$3,419$2,300$1,507$966$609$140
36 years$3,288$2,183$1,410$890$552$121
37 years$3,164$2,074$1,320$820$500$104
38 years$3,046$1,971$1,236$756$453$89
39 years$2,935$1,874$1,158$697$411$77
40 years$2,830$1,783$1,085$643$373$66
41 years$2,730$1,697$1,017$593$338$57
42 years$2,635$1,616$954$547$307$49
43 years$2,545$1,540$896$505$279$42
44 years$2,459$1,468$841$466$253$36
45 years$2,378$1,400$789$431$230$31
46 years$2,300$1,335$741$398$208$27
47 years$2,225$1,274$697$368$189$23
48 years$2,154$1,217$655$340$172$20
49 years$2,086$1,162$615$314$156$17
50 years$2,021$1,110$578$290$142$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,070,000, adding $2,024 every year, while hoping to spend $58,485 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: 38/40/22 Blend
44$2,070,000$2,070,000$2,070,000$2,070,000
45$2,283,228$2,173,518$2,141,433$2,354,893
46$2,453,889$2,217,793$2,150,943$2,451,327
47$2,639,998$2,262,277$2,158,812$2,549,845
48$2,843,069$2,306,919$2,164,923$2,655,137
49$3,064,766$2,351,662$2,169,152$2,767,848
50$3,306,926$2,396,447$2,171,372$2,888,693
51$3,571,567$2,441,207$2,171,448$3,018,458
52$3,860,912$2,485,872$2,169,236$3,158,013
53$4,177,409$2,530,364$2,164,590$3,308,317
54$4,523,754$2,574,601$2,157,353$3,470,429
55$4,902,913$2,618,493$2,147,361$3,645,516
56$5,318,156$2,661,944$2,134,443$3,834,869
57$5,773,080$2,704,852$2,118,419$4,039,909
58$6,271,650$2,747,105$2,099,102$4,262,209
59$6,818,230$2,788,585$2,076,293$4,503,500
60$7,417,627$2,829,163$2,049,787$4,765,697
61$8,075,137$2,868,704$2,019,366$5,050,909
62$8,796,591$2,907,061$1,984,806$5,361,467
63$9,588,415$2,944,079$1,945,868$5,699,942
64$10,457,683$2,979,588$1,902,304$6,069,170
65$11,412,191$3,013,413$1,853,856$6,472,282
66$12,460,525$3,045,361$1,800,251$6,912,732
67$13,612,145$3,075,229$1,741,206$7,394,331
68$14,877,470$3,102,802$1,676,422$7,921,286
69$16,267,981$3,127,848$1,605,591$8,498,235
70$17,796,323$3,150,120$1,528,386$9,130,298
71$19,476,429$3,169,358$1,444,469$9,823,122
72$21,323,651$3,185,282$1,353,484$10,582,939
73$23,354,898$3,197,596$1,255,061$11,416,622
74$25,588,805$3,205,985$1,148,812$12,331,752
75$28,045,898$3,210,114$1,034,333$13,336,695
76$30,748,797$3,209,627$911,200$14,440,676
77$33,722,421$3,204,145$778,973$15,653,873
78$36,994,229$3,193,269$637,188$16,987,511
79$40,594,472$3,176,571$485,366$18,453,970
80$44,556,485$3,153,600$323,003$20,066,906
81$48,916,997$3,123,877$149,574$21,841,380
82$53,716,478$3,086,894$0$23,794,001
83$58,999,519$3,042,112$0$25,951,421
84$64,815,254$2,988,960$0$28,363,517
85$71,217,825$2,926,834$0$31,017,560
86$78,266,888$2,855,094$0$33,938,262
87$86,028,178$2,773,060$0$37,152,863
88$94,574,128$2,680,017$0$40,691,394
89$103,984,555$2,575,203$0$44,586,958
90$114,347,406$2,457,815$0$48,876,048
91$125,759,596$2,327,002$0$53,598,887
92$138,327,915$2,181,865$0$58,799,818
93$152,170,039$2,021,453$0$64,527,717
94$167,415,639$1,844,760$0$70,836,463
95$184,207,604$1,650,724$0$77,785,445
96$202,703,390$1,438,220$0$85,440,125
97$223,076,505$1,206,061$0$93,872,663
98$245,518,144$952,994$0$103,162,596
99$270,238,997$677,693$0$113,397,595
100$297,471,235$378,760$0$124,674,295