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%12.5%
1 years$176,719$175,145$173,609$172,110$170,647$168,864
2 years$87,485$85,855$84,276$82,745$81,260$79,466
3 years$57,744$56,107$54,532$53,016$51,555$49,803
4 years$42,876$41,245$39,686$38,195$36,769$35,074
5 years$33,958$32,337$30,798$29,337$27,951$26,318
6 years$28,015$26,405$24,889$23,461$22,117$20,547
7 years$23,771$22,175$20,683$19,289$17,987$16,482
8 years$20,590$19,008$17,541$16,181$14,922$13,481
9 years$18,116$16,550$15,108$13,783$12,567$11,189
10 years$16,139$14,588$13,171$11,881$10,707$9,393
11 years$14,522$12,987$11,596$10,340$9,209$7,956
12 years$13,176$11,656$10,291$9,069$7,980$6,787
13 years$12,038$10,534$9,194$8,007$6,959$5,825
14 years$11,063$9,575$8,261$7,108$6,100$5,024
15 years$10,219$8,747$7,459$6,339$5,371$4,351
16 years$9,481$8,025$6,762$5,676$4,747$3,781
17 years$8,831$7,391$6,154$5,100$4,209$3,295
18 years$8,253$6,829$5,617$4,596$3,742$2,879
19 years$7,737$6,330$5,142$4,153$3,336$2,521
20 years$7,273$5,882$4,719$3,761$2,979$2,211
21 years$6,854$5,479$4,341$3,413$2,666$1,943
22 years$6,473$5,114$4,001$3,104$2,390$1,710
23 years$6,127$4,783$3,694$2,826$2,145$1,506
24 years$5,809$4,481$3,416$2,578$1,928$1,328
25 years$5,517$4,206$3,164$2,354$1,735$1,173
26 years$5,248$3,953$2,935$2,153$1,563$1,036
27 years$5,000$3,720$2,725$1,970$1,409$916
28 years$4,770$3,505$2,533$1,805$1,271$810
29 years$4,556$3,307$2,358$1,655$1,148$717
30 years$4,356$3,123$2,196$1,519$1,037$635
31 years$4,170$2,952$2,047$1,395$938$563
32 years$3,996$2,793$1,910$1,282$848$499
33 years$3,832$2,645$1,783$1,179$768$442
34 years$3,679$2,507$1,666$1,085$695$392
35 years$3,535$2,378$1,558$999$630$348
36 years$3,399$2,257$1,457$920$570$309
37 years$3,271$2,144$1,364$848$517$274
38 years$3,149$2,037$1,277$781$469$243
39 years$3,034$1,937$1,197$720$425$216
40 years$2,926$1,843$1,122$664$386$192
41 years$2,823$1,754$1,052$613$350$170
42 years$2,725$1,671$987$566$317$151
43 years$2,631$1,592$926$522$288$134
44 years$2,543$1,518$869$482$261$119
45 years$2,458$1,447$816$445$237$106
46 years$2,377$1,381$766$411$216$94
47 years$2,301$1,317$720$380$196$84
48 years$2,227$1,258$677$351$178$74
49 years$2,157$1,201$636$325$161$66
50 years$2,089$1,147$598$300$147$59

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 $6,422 every year, while hoping to spend $32,477 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: 53/39/8 Blend
44$2,140,000$2,140,000$2,140,000$2,140,000
45$2,364,904$2,251,484$2,218,314$2,485,259
46$2,571,569$2,327,252$2,258,073$2,643,371
47$2,798,226$2,405,643$2,298,074$2,811,213
48$3,046,878$2,486,753$2,338,293$2,993,034
49$3,319,735$2,570,680$2,378,701$3,190,163
50$3,619,229$2,657,523$2,419,268$3,404,058
51$3,948,038$2,747,391$2,459,962$3,636,327
52$4,309,115$2,840,390$2,500,748$3,888,733
53$4,705,712$2,936,635$2,541,590$4,163,220
54$5,141,408$3,036,244$2,582,447$4,461,924
55$5,620,150$3,139,339$2,623,278$4,787,198
56$6,146,285$3,246,047$2,664,037$5,141,626
57$6,724,602$3,356,498$2,704,678$5,528,058
58$7,360,376$3,470,831$2,745,149$5,949,625
59$8,059,420$3,589,187$2,785,397$6,409,776
60$8,828,137$3,711,714$2,825,364$6,912,308
61$9,673,583$3,838,564$2,864,990$7,461,398
62$10,603,531$3,969,896$2,904,210$8,061,647
63$11,626,546$4,105,876$2,942,955$8,718,119
64$12,752,064$4,246,674$2,981,155$9,436,390
65$13,990,483$4,392,470$3,018,732$10,222,598
66$15,353,258$4,543,447$3,055,606$11,083,505
67$16,853,013$4,699,798$3,091,691$12,026,553
68$18,503,654$4,861,722$3,126,897$13,059,941
69$20,320,508$5,029,428$3,161,129$14,192,696
70$22,320,460$5,203,129$3,194,286$15,434,761
71$24,522,115$5,383,051$3,226,263$16,797,085
72$26,945,975$5,569,425$3,256,947$18,291,728
73$29,614,631$5,762,494$3,286,222$19,931,975
74$32,552,976$5,962,508$3,313,962$21,732,457
75$35,788,437$6,169,729$3,340,038$23,709,290
76$39,351,240$6,384,428$3,364,312$25,880,226
77$43,274,689$6,606,887$3,386,639$28,264,821
78$47,595,483$6,837,400$3,406,867$30,884,617
79$52,354,061$7,076,272$3,424,836$33,763,346
80$57,594,986$7,323,819$3,440,378$36,927,149
81$63,367,360$7,580,372$3,453,316$40,404,827
82$69,725,293$7,846,272$3,463,464$44,228,107
83$76,728,411$8,121,878$3,470,628$48,431,946
84$84,442,417$8,407,559$3,474,603$53,054,852
85$92,939,716$8,703,701$3,475,174$58,139,254
86$102,300,090$9,010,705$3,472,116$63,731,897
87$112,611,459$9,328,990$3,465,191$69,884,281
88$123,970,705$9,658,988$3,454,153$76,653,150
89$136,484,590$10,001,151$3,438,740$84,101,022
90$150,270,761$10,355,950$3,418,681$92,296,780
91$165,458,861$10,723,874$3,393,689$101,316,319
92$182,191,752$11,105,431$3,363,465$111,243,265
93$200,626,865$11,501,152$3,327,695$122,169,756
94$220,937,683$11,911,586$3,286,051$134,197,317
95$243,315,382$12,337,308$3,238,188$147,437,812
96$267,970,630$12,778,916$3,183,747$162,014,498
97$295,135,582$13,237,030$3,122,350$178,063,192
98$325,066,065$13,712,298$3,053,602$195,733,544
99$358,043,997$14,205,394$2,977,091$215,190,454
100$394,380,045$14,717,020$2,892,385$236,615,621