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%14.5%
1 years$175,068$173,508$171,987$170,502$169,052$165,910
2 years$86,667$85,053$83,489$81,972$80,501$77,347
3 years$57,204$55,583$54,023$52,520$51,073$48,006
4 years$42,476$40,859$39,315$37,838$36,426$33,469
5 years$33,641$32,034$30,510$29,063$27,690$24,852
6 years$27,753$26,158$24,656$23,242$21,910$19,194
7 years$23,549$21,968$20,490$19,109$17,819$15,225
8 years$20,397$18,830$17,377$16,030$14,783$12,310
9 years$17,947$16,395$14,967$13,654$12,449$10,097
10 years$15,988$14,452$13,048$11,770$10,607$8,373
11 years$14,387$12,865$11,488$10,243$9,123$7,004
12 years$13,053$11,547$10,195$8,985$7,905$5,900
13 years$11,925$10,435$9,108$7,932$6,894$4,997
14 years$10,960$9,486$8,184$7,041$6,043$4,253
15 years$10,123$8,665$7,389$6,280$5,321$3,633
16 years$9,392$7,950$6,699$5,623$4,702$3,113
17 years$8,748$7,322$6,096$5,052$4,170$2,675
18 years$8,176$6,766$5,565$4,553$3,707$2,304
19 years$7,665$6,270$5,094$4,114$3,304$1,988
20 years$7,205$5,827$4,675$3,726$2,952$1,718
21 years$6,790$5,427$4,300$3,381$2,641$1,487
22 years$6,413$5,066$3,964$3,075$2,368$1,289
23 years$6,069$4,738$3,660$2,800$2,125$1,118
24 years$5,755$4,440$3,385$2,554$1,910$971
25 years$5,466$4,166$3,135$2,332$1,719$843
26 years$5,199$3,916$2,907$2,132$1,548$733
27 years$4,953$3,685$2,700$1,952$1,396$638
28 years$4,725$3,472$2,510$1,788$1,260$555
29 years$4,513$3,276$2,336$1,640$1,137$484
30 years$4,315$3,094$2,175$1,505$1,028$421
31 years$4,131$2,925$2,028$1,382$929$367
32 years$3,958$2,767$1,892$1,270$840$320
33 years$3,797$2,621$1,767$1,168$761$279
34 years$3,645$2,484$1,651$1,075$689$243
35 years$3,502$2,356$1,543$989$624$212
36 years$3,367$2,236$1,444$911$565$185
37 years$3,240$2,124$1,351$840$512$162
38 years$3,120$2,018$1,266$774$464$141
39 years$3,006$1,919$1,186$714$421$123
40 years$2,898$1,826$1,111$658$382$107
41 years$2,796$1,738$1,042$607$347$94
42 years$2,699$1,655$977$560$314$82
43 years$2,607$1,577$917$517$285$71
44 years$2,519$1,503$861$478$259$62
45 years$2,435$1,434$808$441$235$54
46 years$2,355$1,368$759$407$214$48
47 years$2,279$1,305$713$376$194$42
48 years$2,206$1,246$670$348$176$36
49 years$2,137$1,190$630$321$160$32
50 years$2,070$1,137$592$297$145$28

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 $5,222 every year, while hoping to spend $48,316 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: 56/17/27 Blend
44$2,120,000$2,120,000$2,120,000$2,120,000
45$2,341,626$2,229,266$2,196,406$2,455,105
46$2,529,065$2,287,093$2,218,578$2,591,506
47$2,734,002$2,346,133$2,239,873$2,734,569
48$2,958,173$2,406,396$2,260,212$2,889,456
49$3,203,486$2,467,889$2,279,508$3,057,322
50$3,472,043$2,530,618$2,297,674$3,239,442
51$3,766,161$2,594,587$2,314,615$3,437,220
52$4,088,387$2,659,800$2,330,233$3,652,200
53$4,441,530$2,726,257$2,344,423$3,886,088
54$4,828,682$2,793,959$2,357,077$4,140,761
55$5,253,248$2,862,904$2,368,079$4,418,289
56$5,718,978$2,933,085$2,377,309$4,720,951
57$6,230,005$3,004,498$2,384,640$5,051,261
58$6,790,879$3,077,132$2,389,939$5,411,989
59$7,406,613$3,150,975$2,393,066$5,806,187
60$8,082,728$3,226,013$2,393,874$6,237,218
61$8,825,307$3,302,229$2,392,210$6,708,792
62$9,641,050$3,379,600$2,387,911$7,224,994
63$10,537,340$3,458,103$2,380,808$7,790,328
64$11,522,307$3,537,709$2,370,724$8,409,757
65$12,604,911$3,618,385$2,357,472$9,088,754
66$13,795,022$3,700,096$2,340,857$9,833,348
67$15,103,513$3,782,799$2,320,674$10,650,184
68$16,542,364$3,866,449$2,296,709$11,546,589
69$18,124,774$3,950,994$2,268,738$12,530,636
70$19,865,285$4,036,376$2,236,525$13,611,224
71$21,779,919$4,122,534$2,199,824$14,798,160
72$23,886,330$4,209,397$2,158,377$16,102,255
73$26,203,968$4,296,890$2,111,915$17,535,424
74$28,754,263$4,384,929$2,060,155$19,110,798
75$31,560,830$4,473,422$2,002,802$20,842,851
76$34,649,686$4,562,271$1,939,547$22,747,536
77$38,049,500$4,651,368$1,870,068$24,842,435
78$41,791,859$4,740,595$1,794,025$27,146,928
79$45,911,570$4,829,826$1,711,066$29,682,372
80$50,446,985$4,918,922$1,620,822$32,472,310
81$55,440,364$5,007,736$1,522,906$35,542,686
82$60,938,273$5,096,107$1,416,915$38,922,096
83$66,992,024$5,183,863$1,302,428$42,642,057
84$73,658,155$5,270,817$1,179,004$46,737,305
85$80,998,969$5,356,769$1,046,184$51,246,125
86$89,083,118$5,441,505$903,485$56,210,712
87$97,986,252$5,524,794$750,407$61,677,568
88$107,791,729$5,606,389$586,426$67,697,947
89$118,591,409$5,686,025$410,994$74,328,337
90$130,486,510$5,763,418$223,540$81,630,993
91$143,588,574$5,838,265$23,468$89,674,529
92$158,020,509$5,910,242$0$98,534,564
93$173,917,759$5,979,001$0$108,349,189
94$191,429,571$6,044,172$0$119,166,277
95$210,720,412$6,105,362$0$131,080,485
96$231,971,517$6,162,147$0$144,203,580
97$255,382,600$6,214,081$0$158,658,727
98$281,173,738$6,260,684$0$174,581,654
99$309,587,449$6,301,447$0$192,121,931
100$340,890,979$6,335,828$0$211,444,383