Can I retire at age 45 with 2,140,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$176,719$175,145$173,609$172,110$170,647$167,338
2 years$87,485$85,855$84,276$82,745$81,260$77,940
3 years$57,744$56,107$54,532$53,016$51,555$48,327
4 years$42,876$41,245$39,686$38,195$36,769$33,659
5 years$33,958$32,337$30,798$29,337$27,951$24,967
6 years$28,015$26,405$24,889$23,461$22,117$19,261
7 years$23,771$22,175$20,683$19,289$17,987$15,261
8 years$20,590$19,008$17,541$16,181$14,922$12,325
9 years$18,116$16,550$15,108$13,783$12,567$10,097
10 years$16,139$14,588$13,171$11,881$10,707$8,363
11 years$14,522$12,987$11,596$10,340$9,209$6,987
12 years$13,176$11,656$10,291$9,069$7,980$5,878
13 years$12,038$10,534$9,194$8,007$6,959$4,972
14 years$11,063$9,575$8,261$7,108$6,100$4,225
15 years$10,219$8,747$7,459$6,339$5,371$3,605
16 years$9,481$8,025$6,762$5,676$4,747$3,085
17 years$8,831$7,391$6,154$5,100$4,209$2,647
18 years$8,253$6,829$5,617$4,596$3,742$2,276
19 years$7,737$6,330$5,142$4,153$3,336$1,961
20 years$7,273$5,882$4,719$3,761$2,979$1,693
21 years$6,854$5,479$4,341$3,413$2,666$1,463
22 years$6,473$5,114$4,001$3,104$2,390$1,266
23 years$6,127$4,783$3,694$2,826$2,145$1,096
24 years$5,809$4,481$3,416$2,578$1,928$950
25 years$5,517$4,206$3,164$2,354$1,735$824
26 years$5,248$3,953$2,935$2,153$1,563$716
27 years$5,000$3,720$2,725$1,970$1,409$622
28 years$4,770$3,505$2,533$1,805$1,271$540
29 years$4,556$3,307$2,358$1,655$1,148$470
30 years$4,356$3,123$2,196$1,519$1,037$408
31 years$4,170$2,952$2,047$1,395$938$355
32 years$3,996$2,793$1,910$1,282$848$309
33 years$3,832$2,645$1,783$1,179$768$269
34 years$3,679$2,507$1,666$1,085$695$234
35 years$3,535$2,378$1,558$999$630$204
36 years$3,399$2,257$1,457$920$570$178
37 years$3,271$2,144$1,364$848$517$155
38 years$3,149$2,037$1,277$781$469$135
39 years$3,034$1,937$1,197$720$425$117
40 years$2,926$1,843$1,122$664$386$102
41 years$2,823$1,754$1,052$613$350$89
42 years$2,725$1,671$987$566$317$78
43 years$2,631$1,592$926$522$288$68
44 years$2,543$1,518$869$482$261$59
45 years$2,458$1,447$816$445$237$51
46 years$2,377$1,381$766$411$216$45
47 years$2,301$1,317$720$380$196$39
48 years$2,227$1,258$677$351$178$34
49 years$2,157$1,201$636$325$161$30
50 years$2,089$1,147$598$300$147$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,140,000, adding $2,705 every year, while hoping to spend $47,990 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: 41/49/10 Blend
44$2,140,000$2,140,000$2,140,000$2,140,000
45$2,361,070$2,247,650$2,214,480$2,450,767
46$2,550,838$2,306,724$2,237,604$2,572,988
47$2,758,354$2,367,084$2,259,895$2,700,188
48$2,985,378$2,428,743$2,281,273$2,836,780
49$3,233,847$2,491,711$2,301,655$2,983,634
50$3,505,894$2,556,000$2,320,956$3,141,712
51$3,803,869$2,621,618$2,339,082$3,312,071
52$4,130,360$2,688,573$2,355,937$3,495,874
53$4,488,215$2,756,872$2,371,419$3,694,400
54$4,880,573$2,826,519$2,385,422$3,909,060
55$5,310,890$2,897,517$2,397,832$4,141,405
56$5,782,973$2,969,867$2,408,532$4,393,143
57$6,301,016$3,043,570$2,417,397$4,666,157
58$6,869,636$3,118,622$2,424,296$4,962,518
59$7,493,922$3,195,017$2,429,093$5,284,508
60$8,179,478$3,272,749$2,431,644$5,634,641
61$8,932,478$3,351,807$2,431,797$6,015,685
62$9,759,723$3,432,177$2,429,394$6,430,691
63$10,668,704$3,513,844$2,424,269$6,883,018
64$11,667,677$3,596,787$2,416,247$7,376,367
65$12,765,734$3,680,984$2,405,145$7,914,816
66$13,972,894$3,766,407$2,390,772$8,502,858
67$15,300,193$3,853,024$2,372,927$9,145,443
68$16,759,791$3,940,801$2,351,399$9,848,026
69$18,365,087$4,029,697$2,325,967$10,616,616
70$20,130,840$4,119,667$2,296,402$11,457,835
71$22,073,314$4,210,659$2,262,459$12,378,981
72$24,210,428$4,302,617$2,223,888$13,388,094
73$26,561,925$4,395,479$2,180,422$14,494,037
74$29,149,559$4,489,175$2,131,783$15,706,573
75$31,997,299$4,583,629$2,077,683$17,036,463
76$35,131,554$4,678,758$2,017,816$18,495,565
77$38,581,425$4,774,470$1,951,866$20,096,949
78$42,378,977$4,870,665$1,879,499$21,855,016
79$46,559,539$4,967,234$1,800,369$23,785,637
80$51,162,042$5,064,059$1,714,112$25,906,304
81$56,229,384$5,161,012$1,620,348$28,236,294
82$61,808,833$5,257,953$1,518,681$30,796,851
83$67,952,473$5,354,731$1,408,696$33,611,389
84$74,717,697$5,451,185$1,289,959$36,705,710
85$82,167,747$5,547,138$1,162,018$40,108,251
86$90,372,311$5,642,402$1,024,399$43,850,354
87$99,408,179$5,736,772$876,609$47,966,558
88$109,359,970$5,830,030$718,132$52,494,929
89$120,320,926$5,921,941$548,428$57,477,422
90$132,393,796$6,012,251$366,936$62,960,272
91$145,691,803$6,100,691$173,068$68,994,436
92$160,339,713$6,186,971$0$75,636,073
93$176,475,011$6,270,780$0$82,950,688
94$194,249,199$6,351,786$0$91,022,823
95$213,829,228$6,429,634$0$99,909,243
96$235,399,068$6,503,944$0$109,692,873
97$259,161,448$6,574,313$0$120,465,103
98$285,339,769$6,640,307$0$132,326,646
99$314,180,210$6,701,466$0$145,388,495
100$345,954,052$6,757,300$0$159,772,967