Can I retire at age 45 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$175,068$173,508$171,987$170,502$169,052$163,706
2 years$86,667$85,053$83,489$81,972$80,501$75,163
3 years$57,204$55,583$54,023$52,520$51,073$45,911
4 years$42,476$40,859$39,315$37,838$36,426$31,480
5 years$33,641$32,034$30,510$29,063$27,690$22,973
6 years$27,753$26,158$24,656$23,242$21,910$17,426
7 years$23,549$21,968$20,490$19,109$17,819$13,567
8 years$20,397$18,830$17,377$16,030$14,783$10,760
9 years$17,947$16,395$14,967$13,654$12,449$8,651
10 years$15,988$14,452$13,048$11,770$10,607$7,029
11 years$14,387$12,865$11,488$10,243$9,123$5,757
12 years$13,053$11,547$10,195$8,985$7,905$4,745
13 years$11,925$10,435$9,108$7,932$6,894$3,932
14 years$10,960$9,486$8,184$7,041$6,043$3,271
15 years$10,123$8,665$7,389$6,280$5,321$2,730
16 years$9,392$7,950$6,699$5,623$4,702$2,285
17 years$8,748$7,322$6,096$5,052$4,170$1,917
18 years$8,176$6,766$5,565$4,553$3,707$1,612
19 years$7,665$6,270$5,094$4,114$3,304$1,357
20 years$7,205$5,827$4,675$3,726$2,952$1,144
21 years$6,790$5,427$4,300$3,381$2,641$965
22 years$6,413$5,066$3,964$3,075$2,368$815
23 years$6,069$4,738$3,660$2,800$2,125$689
24 years$5,755$4,440$3,385$2,554$1,910$583
25 years$5,466$4,166$3,135$2,332$1,719$493
26 years$5,199$3,916$2,907$2,132$1,548$418
27 years$4,953$3,685$2,700$1,952$1,396$354
28 years$4,725$3,472$2,510$1,788$1,260$300
29 years$4,513$3,276$2,336$1,640$1,137$254
30 years$4,315$3,094$2,175$1,505$1,028$215
31 years$4,131$2,925$2,028$1,382$929$183
32 years$3,958$2,767$1,892$1,270$840$155
33 years$3,797$2,621$1,767$1,168$761$131
34 years$3,645$2,484$1,651$1,075$689$111
35 years$3,502$2,356$1,543$989$624$95
36 years$3,367$2,236$1,444$911$565$80
37 years$3,240$2,124$1,351$840$512$68
38 years$3,120$2,018$1,266$774$464$58
39 years$3,006$1,919$1,186$714$421$49
40 years$2,898$1,826$1,111$658$382$42
41 years$2,796$1,738$1,042$607$347$35
42 years$2,699$1,655$977$560$314$30
43 years$2,607$1,577$917$517$285$25
44 years$2,519$1,503$861$478$259$22
45 years$2,435$1,434$808$441$235$18
46 years$2,355$1,368$759$407$214$16
47 years$2,279$1,305$713$376$194$13
48 years$2,206$1,246$670$348$176$11
49 years$2,137$1,190$630$321$160$10
50 years$2,070$1,137$592$297$145$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,120,000, adding $2,175 every year, while hoping to spend $54,598 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: 21/49/30 Blend
44$2,120,000$2,120,000$2,120,000$2,120,000
45$2,338,484$2,226,124$2,193,264$2,365,318
46$2,518,917$2,277,112$2,208,646$2,441,400
47$2,715,925$2,328,768$2,222,714$2,518,006
48$2,931,140$2,381,069$2,235,366$2,598,722
49$3,166,360$2,433,985$2,246,494$2,683,914
50$3,423,564$2,487,486$2,255,987$2,773,991
51$3,704,931$2,541,536$2,263,726$2,869,402
52$4,012,861$2,596,098$2,269,588$2,970,645
53$4,349,996$2,651,130$2,273,442$3,078,269
54$4,719,245$2,706,585$2,275,152$3,192,881
55$5,123,812$2,762,411$2,274,573$3,315,152
56$5,567,226$2,818,555$2,271,557$3,445,824
57$6,053,372$2,874,954$2,265,943$3,585,715
58$6,586,532$2,931,542$2,257,568$3,735,732
59$7,171,419$2,988,249$2,246,258$3,896,875
60$7,813,226$3,044,995$2,231,830$4,070,249
61$8,517,673$3,101,697$2,214,094$4,257,075
62$9,291,059$3,158,264$2,192,849$4,458,703
63$10,140,325$3,214,597$2,167,888$4,676,623
64$11,073,116$3,270,590$2,138,990$4,912,483
65$12,097,854$3,326,129$2,105,926$5,168,101
66$13,223,816$3,381,090$2,068,455$5,445,487
67$14,461,223$3,435,342$2,026,327$5,746,861
68$15,821,337$3,488,742$1,979,278$6,074,674
69$17,316,562$3,541,139$1,927,032$6,431,633
70$18,960,565$3,592,369$1,869,301$6,820,729
71$20,768,405$3,642,257$1,805,785$7,245,262
72$22,756,670$3,690,616$1,736,167$7,708,880
73$24,943,641$3,737,246$1,660,119$8,215,605
74$27,349,455$3,781,934$1,577,296$8,769,884
75$29,996,301$3,824,450$1,487,337$9,376,621
76$32,908,627$3,864,552$1,389,866$10,041,233
77$36,113,371$3,901,979$1,284,490$10,769,698
78$39,640,213$3,936,454$1,170,798$11,568,616
79$43,521,855$3,967,681$1,048,361$12,445,269
80$47,794,333$3,995,346$916,730$13,407,696
81$52,497,351$4,019,114$775,437$14,464,769
82$57,674,659$4,038,629$623,992$15,626,277
83$63,374,464$4,053,511$461,885$16,903,024
84$69,649,883$4,063,357$288,582$18,306,930
85$76,559,449$4,067,739$103,527$19,851,148
86$84,167,657$4,066,203$0$21,550,190
87$92,545,575$4,058,264$0$23,450,143
88$101,771,515$4,043,410$0$25,575,913
89$111,931,769$4,021,096$0$27,914,016
90$123,121,424$3,990,745$0$30,486,157
91$135,445,262$3,951,744$0$33,316,270
92$149,018,743$3,903,444$0$36,430,737
93$163,969,098$3,845,156$0$39,858,648
94$180,436,529$3,776,151$0$43,632,070
95$198,575,528$3,695,656$0$47,786,358
96$218,556,342$3,602,852$0$52,360,487
97$240,566,571$3,496,874$0$57,397,424
98$264,812,944$3,376,804$0$62,944,536
99$291,523,267$3,241,670$0$69,054,043
100$320,948,575$3,090,446$0$75,783,506