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%18.9%
1 years$176,719$175,145$173,609$172,110$170,647$164,526
2 years$87,485$85,855$84,276$82,745$81,260$75,161
3 years$57,744$56,107$54,532$53,016$51,555$45,667
4 years$42,876$41,245$39,686$38,195$36,769$31,139
5 years$33,958$32,337$30,798$29,337$27,951$22,593
6 years$28,015$26,405$24,889$23,461$22,117$17,034
7 years$23,771$22,175$20,683$19,289$17,987$13,179
8 years$20,590$19,008$17,541$16,181$14,922$10,384
9 years$18,116$16,550$15,108$13,783$12,567$8,294
10 years$16,139$14,588$13,171$11,881$10,707$6,692
11 years$14,522$12,987$11,596$10,340$9,209$5,442
12 years$13,176$11,656$10,291$9,069$7,980$4,453
13 years$12,038$10,534$9,194$8,007$6,959$3,662
14 years$11,063$9,575$8,261$7,108$6,100$3,023
15 years$10,219$8,747$7,459$6,339$5,371$2,504
16 years$9,481$8,025$6,762$5,676$4,747$2,079
17 years$8,831$7,391$6,154$5,100$4,209$1,730
18 years$8,253$6,829$5,617$4,596$3,742$1,443
19 years$7,737$6,330$5,142$4,153$3,336$1,204
20 years$7,273$5,882$4,719$3,761$2,979$1,007
21 years$6,854$5,479$4,341$3,413$2,666$842
22 years$6,473$5,114$4,001$3,104$2,390$705
23 years$6,127$4,783$3,694$2,826$2,145$591
24 years$5,809$4,481$3,416$2,578$1,928$496
25 years$5,517$4,206$3,164$2,354$1,735$416
26 years$5,248$3,953$2,935$2,153$1,563$349
27 years$5,000$3,720$2,725$1,970$1,409$293
28 years$4,770$3,505$2,533$1,805$1,271$246
29 years$4,556$3,307$2,358$1,655$1,148$207
30 years$4,356$3,123$2,196$1,519$1,037$174
31 years$4,170$2,952$2,047$1,395$938$146
32 years$3,996$2,793$1,910$1,282$848$123
33 years$3,832$2,645$1,783$1,179$768$103
34 years$3,679$2,507$1,666$1,085$695$87
35 years$3,535$2,378$1,558$999$630$73
36 years$3,399$2,257$1,457$920$570$61
37 years$3,271$2,144$1,364$848$517$51
38 years$3,149$2,037$1,277$781$469$43
39 years$3,034$1,937$1,197$720$425$36
40 years$2,926$1,843$1,122$664$386$31
41 years$2,823$1,754$1,052$613$350$26
42 years$2,725$1,671$987$566$317$22
43 years$2,631$1,592$926$522$288$18
44 years$2,543$1,518$869$482$261$15
45 years$2,458$1,447$816$445$237$13
46 years$2,377$1,381$766$411$216$11
47 years$2,301$1,317$720$380$196$9
48 years$2,227$1,258$677$351$178$8
49 years$2,157$1,201$636$325$161$6
50 years$2,089$1,147$598$300$147$5

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 $6,740 every year, while hoping to spend $28,945 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: 60/20/20 Blend
44$2,140,000$2,140,000$2,140,000$2,140,000
45$2,365,232$2,251,812$2,218,642$2,494,375
46$2,575,689$2,331,354$2,262,170$2,662,147
47$2,806,642$2,413,823$2,306,185$2,841,328
48$3,060,151$2,499,332$2,350,674$3,036,162
49$3,338,486$2,587,999$2,395,621$3,248,171
50$3,644,147$2,679,946$2,441,010$3,479,028
51$3,979,887$2,775,300$2,486,820$3,730,579
52$4,348,739$2,874,194$2,533,033$4,004,852
53$4,754,046$2,976,765$2,579,625$4,304,082
54$5,199,489$3,083,157$2,626,572$4,630,728
55$5,689,123$3,193,518$2,673,849$4,987,497
56$6,227,418$3,308,005$2,721,428$5,377,371
57$6,819,296$3,426,779$2,769,277$5,803,632
58$7,470,182$3,550,008$2,817,365$6,269,897
59$8,186,050$3,677,867$2,865,656$6,780,145
60$8,973,484$3,810,540$2,914,113$7,338,760
61$9,839,740$3,948,217$2,962,696$7,950,571
62$10,792,808$4,091,095$3,011,361$8,620,895
63$11,841,497$4,239,380$3,060,064$9,355,589
64$12,995,507$4,393,288$3,108,754$10,161,103
65$14,265,532$4,553,042$3,157,380$11,044,542
66$15,663,350$4,718,875$3,205,886$12,013,733
67$17,201,942$4,891,030$3,254,214$13,077,298
68$18,895,610$5,069,760$3,302,299$14,244,732
69$20,760,112$5,255,328$3,350,077$15,526,498
70$22,812,814$5,448,010$3,397,474$16,934,120
71$25,072,849$5,648,091$3,444,418$18,480,294
72$27,561,301$5,855,869$3,490,828$20,179,007
73$30,301,403$6,071,655$3,536,620$22,045,669
74$33,318,754$6,295,774$3,581,704$24,097,254
75$36,641,563$6,528,563$3,625,987$26,352,467
76$40,300,913$6,770,374$3,669,369$28,831,914
77$44,331,058$7,021,573$3,711,744$31,558,297
78$48,769,739$7,282,545$3,753,001$34,556,631
79$53,658,550$7,553,686$3,793,024$37,854,474
80$59,043,319$7,835,414$3,831,687$41,482,191
81$64,974,550$8,128,162$3,868,861$45,473,240
82$71,507,894$8,432,382$3,904,408$49,864,483
83$78,704,677$8,748,546$3,938,183$54,696,538
84$86,632,475$9,077,146$3,970,033$60,014,160
85$95,365,756$9,418,694$3,999,798$65,866,659
86$104,986,580$9,773,727$4,027,308$72,308,373
87$115,585,373$10,142,802$4,052,385$79,399,171
88$127,261,784$10,526,502$4,074,843$87,205,025
89$140,125,620$10,925,434$4,094,484$95,798,626
90$154,297,886$11,340,233$4,111,102$105,260,074
91$169,911,925$11,771,560$4,124,479$115,677,630
92$187,114,680$12,220,105$4,134,387$127,148,548
93$206,068,076$12,686,588$4,140,587$139,779,997
94$226,950,550$13,171,761$4,142,828$153,690,065
95$249,958,738$13,676,410$4,140,844$169,008,878
96$275,309,327$14,201,351$4,134,360$185,879,825
97$303,241,102$14,747,441$4,123,085$204,460,909
98$334,017,200$15,315,572$4,106,714$224,926,242
99$367,927,594$15,906,674$4,084,928$247,467,682
100$405,291,828$16,521,721$4,057,393$272,296,649