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%15.6%
1 years$170,939$169,416$167,930$166,481$165,065$161,271
2 years$84,623$83,047$81,520$80,039$78,602$74,801
3 years$55,855$54,272$52,749$51,282$49,868$46,179
4 years$41,474$39,896$38,387$36,945$35,567$32,016
5 years$32,847$31,279$29,790$28,378$27,037$23,637
6 years$27,098$25,541$24,075$22,694$21,394$18,146
7 years$22,993$21,450$20,006$18,658$17,399$14,305
8 years$19,916$18,386$16,967$15,652$14,434$11,493
9 years$17,524$16,009$14,614$13,332$12,155$9,365
10 years$15,611$14,111$12,741$11,492$10,357$7,713
11 years$14,047$12,562$11,217$10,002$8,907$6,407
12 years$12,745$11,275$9,954$8,773$7,719$5,359
13 years$11,644$10,189$8,894$7,745$6,731$4,506
14 years$10,701$9,262$7,991$6,875$5,900$3,806
15 years$9,885$8,461$7,215$6,131$5,195$3,226
16 years$9,171$7,763$6,541$5,490$4,592$2,744
17 years$8,542$7,149$5,952$4,933$4,071$2,339
18 years$7,983$6,606$5,434$4,445$3,620$1,998
19 years$7,484$6,122$4,974$4,017$3,226$1,710
20 years$7,035$5,689$4,565$3,638$2,882$1,466
21 years$6,630$5,299$4,199$3,302$2,579$1,258
22 years$6,262$4,947$3,870$3,002$2,312$1,081
23 years$5,926$4,627$3,573$2,734$2,075$930
24 years$5,619$4,335$3,305$2,494$1,865$800
25 years$5,337$4,068$3,061$2,277$1,678$689
26 years$5,077$3,823$2,839$2,082$1,512$594
27 years$4,836$3,598$2,636$1,906$1,363$512
28 years$4,614$3,391$2,451$1,746$1,230$442
29 years$4,407$3,199$2,280$1,601$1,111$381
30 years$4,214$3,021$2,124$1,470$1,003$329
31 years$4,034$2,856$1,980$1,350$907$284
32 years$3,865$2,702$1,848$1,240$821$246
33 years$3,707$2,559$1,725$1,141$743$212
34 years$3,559$2,425$1,612$1,050$672$183
35 years$3,419$2,300$1,507$966$609$158
36 years$3,288$2,183$1,410$890$552$137
37 years$3,164$2,074$1,320$820$500$118
38 years$3,046$1,971$1,236$756$453$102
39 years$2,935$1,874$1,158$697$411$88
40 years$2,830$1,783$1,085$643$373$77
41 years$2,730$1,697$1,017$593$338$66
42 years$2,635$1,616$954$547$307$57
43 years$2,545$1,540$896$505$279$49
44 years$2,459$1,468$841$466$253$43
45 years$2,378$1,400$789$431$230$37
46 years$2,300$1,335$741$398$208$32
47 years$2,225$1,274$697$368$189$28
48 years$2,154$1,217$655$340$172$24
49 years$2,086$1,162$615$314$156$21
50 years$2,021$1,110$578$290$142$18

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 $2,518 every year, while hoping to spend $37,292 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: 52/30/18 Blend
44$2,070,000$2,070,000$2,070,000$2,070,000
45$2,283,737$2,174,027$2,141,942$2,391,113
46$2,477,000$2,240,876$2,174,019$2,531,984
47$2,688,726$2,309,751$2,205,920$2,681,013
48$2,920,758$2,380,711$2,237,601$2,842,297
49$3,175,128$2,453,819$2,269,013$3,017,009
50$3,454,072$2,529,137$2,300,106$3,206,443
51$3,760,054$2,606,730$2,330,826$3,412,021
52$4,095,786$2,686,667$2,361,115$3,635,307
53$4,464,257$2,769,014$2,390,913$3,878,025
54$4,868,759$2,853,844$2,420,157$4,142,071
55$5,312,918$2,941,228$2,448,778$4,429,535
56$5,800,730$3,031,242$2,476,706$4,742,715
57$6,336,594$3,123,963$2,503,865$5,084,144
58$6,925,358$3,219,469$2,530,176$5,456,609
59$7,572,363$3,317,841$2,555,555$5,863,182
60$8,283,491$3,419,162$2,579,914$6,307,242
61$9,065,225$3,523,519$2,603,159$6,792,515
62$9,924,706$3,631,000$2,625,193$7,323,102
63$10,869,801$3,741,694$2,645,912$7,903,520
64$11,909,178$3,855,694$2,665,207$8,538,746
65$13,052,388$3,973,096$2,682,965$9,234,262
66$14,309,951$4,093,998$2,699,064$9,996,105
67$15,693,462$4,218,500$2,713,379$10,830,927
68$17,215,694$4,346,705$2,725,775$11,746,056
69$18,890,721$4,478,719$2,736,115$12,749,564
70$20,734,049$4,614,651$2,744,250$13,850,345
71$22,762,766$4,754,613$2,750,026$15,058,196
72$24,995,699$4,898,720$2,753,282$16,383,911
73$27,453,591$5,047,088$2,753,848$17,839,385
74$30,159,300$5,199,838$2,751,545$19,437,720
75$33,138,013$5,357,095$2,746,187$21,193,353
76$36,417,483$5,518,985$2,737,576$23,122,192
77$40,028,290$5,685,639$2,725,508$25,241,763
78$44,004,129$5,857,189$2,709,767$27,571,378
79$48,382,133$6,033,774$2,690,126$30,132,316
80$53,203,215$6,215,533$2,666,350$32,948,021
81$58,512,459$6,402,610$2,638,189$36,044,330
82$64,359,545$6,595,154$2,605,384$39,449,708
83$70,799,217$6,793,314$2,567,663$43,195,523
84$77,891,798$6,997,248$2,524,740$47,316,339
85$85,703,761$7,207,112$2,476,318$51,850,242
86$94,308,354$7,423,070$2,422,084$56,839,200
87$103,786,295$7,645,289$2,361,712$62,329,459
88$114,226,527$7,873,939$2,294,860$68,371,979
89$125,727,065$8,109,194$2,221,171$75,022,913
90$138,395,916$8,351,234$2,140,270$82,344,141
91$152,352,097$8,600,242$2,051,766$90,403,850
92$167,726,761$8,856,405$1,955,251$99,277,180
93$184,664,437$9,119,915$1,850,298$109,046,931
94$203,324,386$9,390,967$1,736,459$119,804,347
95$223,882,111$9,669,762$1,613,268$131,649,974
96$246,531,011$9,956,505$1,480,238$144,694,612
97$271,484,206$10,251,406$1,336,858$159,060,358
98$298,976,549$10,554,679$1,182,596$174,881,761
99$329,266,841$10,866,542$1,016,897$192,307,091
100$362,640,275$11,187,218$839,179$211,499,737