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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$176,719$175,145$173,609$172,110$170,647$168,654
2 years$87,485$85,855$84,276$82,745$81,260$79,255
3 years$57,744$56,107$54,532$53,016$51,555$49,599
4 years$42,876$41,245$39,686$38,195$36,769$34,877
5 years$33,958$32,337$30,798$29,337$27,951$26,129
6 years$28,015$26,405$24,889$23,461$22,117$20,367
7 years$23,771$22,175$20,683$19,289$17,987$16,310
8 years$20,590$19,008$17,541$16,181$14,922$13,317
9 years$18,116$16,550$15,108$13,783$12,567$11,034
10 years$16,139$14,588$13,171$11,881$10,707$9,245
11 years$14,522$12,987$11,596$10,340$9,209$7,816
12 years$13,176$11,656$10,291$9,069$7,980$6,656
13 years$12,038$10,534$9,194$8,007$6,959$5,701
14 years$11,063$9,575$8,261$7,108$6,100$4,907
15 years$10,219$8,747$7,459$6,339$5,371$4,241
16 years$9,481$8,025$6,762$5,676$4,747$3,678
17 years$8,831$7,391$6,154$5,100$4,209$3,199
18 years$8,253$6,829$5,617$4,596$3,742$2,789
19 years$7,737$6,330$5,142$4,153$3,336$2,437
20 years$7,273$5,882$4,719$3,761$2,979$2,133
21 years$6,854$5,479$4,341$3,413$2,666$1,870
22 years$6,473$5,114$4,001$3,104$2,390$1,641
23 years$6,127$4,783$3,694$2,826$2,145$1,443
24 years$5,809$4,481$3,416$2,578$1,928$1,269
25 years$5,517$4,206$3,164$2,354$1,735$1,118
26 years$5,248$3,953$2,935$2,153$1,563$985
27 years$5,000$3,720$2,725$1,970$1,409$869
28 years$4,770$3,505$2,533$1,805$1,271$767
29 years$4,556$3,307$2,358$1,655$1,148$677
30 years$4,356$3,123$2,196$1,519$1,037$598
31 years$4,170$2,952$2,047$1,395$938$529
32 years$3,996$2,793$1,910$1,282$848$467
33 years$3,832$2,645$1,783$1,179$768$413
34 years$3,679$2,507$1,666$1,085$695$366
35 years$3,535$2,378$1,558$999$630$323
36 years$3,399$2,257$1,457$920$570$286
37 years$3,271$2,144$1,364$848$517$253
38 years$3,149$2,037$1,277$781$469$224
39 years$3,034$1,937$1,197$720$425$199
40 years$2,926$1,843$1,122$664$386$176
41 years$2,823$1,754$1,052$613$350$156
42 years$2,725$1,671$987$566$317$138
43 years$2,631$1,592$926$522$288$122
44 years$2,543$1,518$869$482$261$108
45 years$2,458$1,447$816$445$237$96
46 years$2,377$1,381$766$411$216$85
47 years$2,301$1,317$720$380$196$75
48 years$2,227$1,258$677$351$178$67
49 years$2,157$1,201$636$325$161$59
50 years$2,089$1,147$598$300$147$52

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 $5,823 every year, while hoping to spend $33,699 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: 58/23/19 Blend
44$2,140,000$2,140,000$2,140,000$2,140,000
45$2,364,286$2,250,866$2,217,696$2,489,241
46$2,569,588$2,325,303$2,256,134$2,649,183
47$2,794,701$2,402,258$2,294,729$2,819,299
48$3,041,611$2,481,819$2,333,453$3,004,003
49$3,312,503$2,564,077$2,372,272$3,204,708
50$3,609,788$2,649,125$2,411,152$3,422,969
51$3,936,116$2,737,062$2,450,055$3,660,499
52$4,294,411$2,827,990$2,488,943$3,919,183
53$4,687,892$2,922,012$2,527,774$4,201,094
54$5,120,104$3,019,238$2,566,502$4,508,517
55$5,594,955$3,119,781$2,605,080$4,843,967
56$6,116,747$3,223,757$2,643,457$5,210,213
57$6,690,222$3,331,287$2,681,579$5,610,303
58$7,320,603$3,442,499$2,719,390$6,047,596
59$8,013,644$3,557,520$2,756,829$6,525,789
60$8,775,684$3,676,488$2,793,832$7,048,954
61$9,613,710$3,799,542$2,830,331$7,621,577
62$10,535,415$3,926,826$2,866,254$8,248,596
63$11,549,280$4,058,493$2,901,525$8,935,453
64$12,664,644$4,194,697$2,936,065$9,688,141
65$13,891,803$4,335,602$2,969,788$10,513,261
66$15,242,095$4,481,375$3,002,604$11,418,085
67$16,728,017$4,632,190$3,034,420$12,410,623
68$18,363,337$4,788,230$3,065,135$13,499,699
69$20,163,225$4,949,681$3,094,644$14,695,035
70$22,144,396$5,116,738$3,122,837$16,007,340
71$24,325,270$5,289,603$3,149,598$17,448,411
72$26,726,140$5,468,486$3,174,802$19,031,248
73$29,369,369$5,653,605$3,198,320$20,770,171
74$32,279,598$5,845,185$3,220,018$22,680,956
75$35,483,979$6,043,461$3,239,750$24,780,988
76$39,012,431$6,248,676$3,257,368$27,089,418
77$42,897,921$6,461,083$3,272,711$29,627,348
78$47,176,776$6,680,944$3,285,615$32,418,028
79$51,889,028$6,908,531$3,295,904$35,487,075
80$57,078,787$7,144,127$3,303,394$38,862,716
81$62,794,659$7,388,025$3,307,894$42,576,050
82$69,090,206$7,640,529$3,309,200$46,661,347
83$76,024,448$7,901,957$3,307,100$51,156,365
84$83,662,426$8,172,637$3,301,371$56,102,710
85$92,075,807$8,452,910$3,291,781$61,546,227
86$101,343,567$8,743,130$3,278,083$67,537,431
87$111,552,733$9,043,666$3,260,022$74,131,985
88$122,799,207$9,354,900$3,237,327$81,391,225
89$135,188,665$9,677,229$3,209,717$89,382,737
90$148,837,562$10,011,067$3,176,896$98,180,995
91$163,874,226$10,356,842$3,138,554$107,868,065
92$180,440,070$10,714,999$3,094,368$118,534,376
93$198,690,925$11,086,003$3,043,998$130,279,575
94$218,798,516$11,470,334$2,987,088$143,213,468
95$240,952,077$11,868,492$2,923,268$157,457,054
96$265,360,138$12,280,997$2,852,146$173,143,666
97$292,252,496$12,708,390$2,773,317$190,420,232
98$321,882,382$13,151,233$2,686,355$209,448,660
99$354,528,850$13,610,108$2,590,813$230,407,364
100$390,499,414$14,085,625$2,486,226$253,492,949