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%15.8%
1 years$170,939$169,416$167,930$166,481$165,065$161,140
2 years$84,623$83,047$81,520$80,039$78,602$74,671
3 years$55,855$54,272$52,749$51,282$49,868$46,054
4 years$41,474$39,896$38,387$36,945$35,567$31,897
5 years$32,847$31,279$29,790$28,378$27,037$23,524
6 years$27,098$25,541$24,075$22,694$21,394$18,040
7 years$22,993$21,450$20,006$18,658$17,399$14,205
8 years$19,916$18,386$16,967$15,652$14,434$11,399
9 years$17,524$16,009$14,614$13,332$12,155$9,277
10 years$15,611$14,111$12,741$11,492$10,357$7,632
11 years$14,047$12,562$11,217$10,002$8,907$6,332
12 years$12,745$11,275$9,954$8,773$7,719$5,288
13 years$11,644$10,189$8,894$7,745$6,731$4,441
14 years$10,701$9,262$7,991$6,875$5,900$3,746
15 years$9,885$8,461$7,215$6,131$5,195$3,171
16 years$9,171$7,763$6,541$5,490$4,592$2,693
17 years$8,542$7,149$5,952$4,933$4,071$2,292
18 years$7,983$6,606$5,434$4,445$3,620$1,955
19 years$7,484$6,122$4,974$4,017$3,226$1,671
20 years$7,035$5,689$4,565$3,638$2,882$1,430
21 years$6,630$5,299$4,199$3,302$2,579$1,226
22 years$6,262$4,947$3,870$3,002$2,312$1,052
23 years$5,926$4,627$3,573$2,734$2,075$903
24 years$5,619$4,335$3,305$2,494$1,865$776
25 years$5,337$4,068$3,061$2,277$1,678$667
26 years$5,077$3,823$2,839$2,082$1,512$574
27 years$4,836$3,598$2,636$1,906$1,363$494
28 years$4,614$3,391$2,451$1,746$1,230$426
29 years$4,407$3,199$2,280$1,601$1,111$367
30 years$4,214$3,021$2,124$1,470$1,003$316
31 years$4,034$2,856$1,980$1,350$907$273
32 years$3,865$2,702$1,848$1,240$821$235
33 years$3,707$2,559$1,725$1,141$743$203
34 years$3,559$2,425$1,612$1,050$672$175
35 years$3,419$2,300$1,507$966$609$151
36 years$3,288$2,183$1,410$890$552$130
37 years$3,164$2,074$1,320$820$500$112
38 years$3,046$1,971$1,236$756$453$97
39 years$2,935$1,874$1,158$697$411$84
40 years$2,830$1,783$1,085$643$373$72
41 years$2,730$1,697$1,017$593$338$62
42 years$2,635$1,616$954$547$307$54
43 years$2,545$1,540$896$505$279$46
44 years$2,459$1,468$841$466$253$40
45 years$2,378$1,400$789$431$230$35
46 years$2,300$1,335$741$398$208$30
47 years$2,225$1,274$697$368$189$26
48 years$2,154$1,217$655$340$172$22
49 years$2,086$1,162$615$314$156$19
50 years$2,021$1,110$578$290$142$17

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 $5,525 every year, while hoping to spend $29,292 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: 40/47/13 Blend
44$2,070,000$2,070,000$2,070,000$2,070,000
45$2,286,839$2,177,129$2,145,044$2,369,237
46$2,488,930$2,252,642$2,185,737$2,503,530
47$2,710,653$2,330,873$2,226,811$2,645,421
48$2,953,979$2,411,925$2,268,248$2,798,277
49$3,221,079$2,495,904$2,310,029$2,963,103
50$3,514,346$2,582,920$2,352,132$3,141,007
51$3,836,415$2,673,089$2,394,534$3,333,204
52$4,190,189$2,766,530$2,437,210$3,541,028
53$4,578,865$2,863,366$2,480,133$3,765,948
54$5,005,966$2,963,728$2,523,275$4,009,575
55$5,475,373$3,067,750$2,566,603$4,273,682
56$5,991,362$3,175,570$2,610,085$4,560,220
57$6,558,643$3,287,335$2,653,685$4,871,330
58$7,182,406$3,403,196$2,697,365$5,209,370
59$7,868,368$3,523,310$2,741,083$5,576,933
60$8,622,829$3,647,839$2,784,797$5,976,869
61$9,452,730$3,776,956$2,828,460$6,412,317
62$10,365,717$3,910,835$2,872,022$6,886,728
63$11,370,217$4,049,663$2,915,431$7,403,900
64$12,475,512$4,193,629$2,958,631$7,968,011
65$13,691,831$4,342,934$3,001,563$8,583,662
66$15,030,445$4,497,785$3,044,163$9,255,913
67$16,503,773$4,658,399$3,086,364$9,990,338
68$18,125,497$4,824,999$3,128,096$10,793,068
69$19,910,694$4,997,821$3,169,284$11,670,856
70$21,875,978$5,177,107$3,209,848$12,631,133
71$24,039,654$5,363,112$3,249,705$13,682,083
72$26,421,894$5,556,100$3,288,765$14,832,716
73$29,044,923$5,756,344$3,326,934$16,092,952
74$31,933,233$5,964,133$3,364,115$17,473,716
75$35,113,811$6,179,764$3,400,201$18,987,035
76$38,616,395$6,403,547$3,435,082$20,646,157
77$42,473,753$6,635,807$3,468,643$22,465,670
78$46,721,994$6,876,880$3,500,761$24,461,641
79$51,400,907$7,127,116$3,531,306$26,651,764
80$56,554,336$7,386,882$3,560,142$29,055,529
81$62,230,598$7,656,559$3,587,126$31,694,401
82$68,482,932$7,936,543$3,612,107$34,592,025
83$75,370,005$8,227,247$3,634,927$37,774,443
84$82,956,466$8,529,104$3,655,419$41,270,344
85$91,313,557$8,842,561$3,673,406$45,111,327
86$100,519,780$9,168,086$3,688,705$49,332,204
87$110,661,643$9,506,168$3,701,123$53,971,322
88$121,834,475$9,857,315$3,710,455$59,070,925
89$134,143,325$10,222,056$3,716,488$64,677,551
90$147,703,951$10,600,944$3,718,997$70,842,469
91$162,643,919$10,994,555$3,717,748$77,622,163
92$179,103,799$11,403,489$3,712,494$85,078,859
93$197,238,499$11,828,372$3,702,974$93,281,115
94$217,218,720$12,269,857$3,688,919$102,304,461
95$239,232,574$12,728,624$3,670,042$112,232,114
96$263,487,353$13,205,384$3,646,045$123,155,760
97$290,211,492$13,700,876$3,616,616$135,176,414
98$319,656,718$14,215,873$3,581,426$148,405,376
99$352,100,432$14,751,179$3,540,133$162,965,275
100$387,848,324$15,307,636$3,492,376$178,991,226