Can I retire at age 45 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$178,371$176,782$175,232$173,719$172,241$168,695
2 years$88,302$86,658$85,064$83,519$82,020$78,463
3 years$58,283$56,632$55,042$53,511$52,037$48,580
4 years$43,277$41,630$40,057$38,552$37,113$33,784
5 years$34,275$32,639$31,085$29,611$28,213$25,020
6 years$28,276$26,652$25,122$23,681$22,324$19,271
7 years$23,993$22,382$20,876$19,469$18,155$15,243
8 years$20,782$19,186$17,705$16,332$15,061$12,289
9 years$18,286$16,705$15,249$13,911$12,684$10,050
10 years$16,290$14,724$13,294$11,992$10,807$8,309
11 years$14,658$13,108$11,704$10,436$9,295$6,928
12 years$13,299$11,765$10,387$9,154$8,055$5,817
13 years$12,150$10,632$9,280$8,082$7,024$4,911
14 years$11,166$9,664$8,338$7,174$6,157$4,165
15 years$10,314$8,829$7,528$6,398$5,421$3,545
16 years$9,570$8,100$6,826$5,729$4,791$3,028
17 years$8,913$7,460$6,211$5,147$4,248$2,592
18 years$8,330$6,893$5,670$4,639$3,777$2,224
19 years$7,809$6,389$5,191$4,191$3,367$1,912
20 years$7,341$5,937$4,764$3,796$3,007$1,647
21 years$6,918$5,530$4,382$3,445$2,691$1,420
22 years$6,534$5,162$4,038$3,133$2,412$1,226
23 years$6,184$4,828$3,729$2,853$2,165$1,059
24 years$5,863$4,523$3,448$2,602$1,946$916
25 years$5,569$4,245$3,194$2,376$1,751$793
26 years$5,297$3,990$2,962$2,173$1,578$687
27 years$5,047$3,755$2,751$1,989$1,422$595
28 years$4,814$3,538$2,557$1,822$1,283$516
29 years$4,598$3,338$2,380$1,671$1,159$447
30 years$4,397$3,152$2,216$1,533$1,047$388
31 years$4,209$2,980$2,066$1,408$947$337
32 years$4,033$2,819$1,928$1,294$856$292
33 years$3,868$2,670$1,800$1,190$775$254
34 years$3,713$2,531$1,682$1,095$702$220
35 years$3,568$2,400$1,573$1,008$636$191
36 years$3,431$2,278$1,471$928$576$166
37 years$3,301$2,164$1,377$855$522$144
38 years$3,179$2,056$1,289$788$473$126
39 years$3,063$1,955$1,208$727$429$109
40 years$2,953$1,860$1,132$671$389$95
41 years$2,849$1,771$1,062$619$353$82
42 years$2,750$1,687$996$571$320$72
43 years$2,656$1,607$935$527$291$62
44 years$2,566$1,532$877$487$264$54
45 years$2,481$1,461$824$449$240$47
46 years$2,400$1,393$774$415$218$41
47 years$2,322$1,330$727$384$198$36
48 years$2,248$1,269$683$354$179$31
49 years$2,177$1,212$642$328$163$27
50 years$2,109$1,158$604$303$148$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,160,000, adding $4,948 every year, while hoping to spend $47,480 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: 58/16/26 Blend
44$2,160,000$2,160,000$2,160,000$2,160,000
45$2,385,424$2,270,944$2,237,464$2,506,665
46$2,578,219$2,331,702$2,261,901$2,650,867
47$2,789,087$2,393,845$2,285,565$2,802,555
48$3,019,823$2,457,393$2,308,380$2,966,953
49$3,272,401$2,522,361$2,330,266$3,145,304
50$3,548,995$2,588,766$2,351,139$3,338,979
51$3,852,000$2,656,623$2,370,910$3,549,486
52$4,184,054$2,725,947$2,389,485$3,778,488
53$4,548,060$2,796,751$2,406,766$4,027,819
54$4,947,217$2,869,047$2,422,648$4,299,496
55$5,385,049$2,942,846$2,437,022$4,595,744
56$5,865,437$3,018,158$2,449,775$4,919,015
57$6,392,654$3,094,990$2,460,785$5,272,009
58$6,971,408$3,173,349$2,469,925$5,657,703
59$7,606,887$3,253,238$2,477,063$6,079,377
60$8,304,803$3,334,661$2,482,058$6,540,646
61$9,071,451$3,417,616$2,484,764$7,045,492
62$9,913,762$3,502,102$2,485,027$7,598,307
63$10,839,375$3,588,115$2,482,685$8,203,926
64$11,856,704$3,675,646$2,477,568$8,867,683
65$12,975,020$3,764,685$2,469,499$9,595,452
66$14,204,536$3,855,218$2,458,291$10,393,710
67$15,556,503$3,947,228$2,443,748$11,269,593
68$17,043,319$4,040,695$2,425,666$12,230,966
69$18,678,642$4,135,593$2,403,830$13,286,497
70$20,477,520$4,231,893$2,378,015$14,445,740
71$22,456,533$4,329,563$2,347,985$15,719,224
72$24,633,951$4,428,563$2,313,494$17,118,552
73$27,029,901$4,528,850$2,274,283$18,656,513
74$29,666,562$4,630,374$2,230,082$20,347,202
75$32,568,370$4,733,081$2,180,609$22,206,153
76$35,762,251$4,836,909$2,125,566$24,250,486
77$39,277,872$4,941,789$2,064,644$26,499,068
78$43,147,925$5,047,646$1,997,519$28,972,697
79$47,408,430$5,154,398$1,923,853$31,694,288
80$52,099,078$5,261,952$1,843,290$34,689,102
81$57,263,604$5,370,208$1,755,461$37,984,975
82$62,950,200$5,479,056$1,659,978$41,612,589
83$69,211,969$5,588,379$1,556,435$45,605,755
84$76,107,426$5,698,044$1,444,411$50,001,739
85$83,701,047$5,807,913$1,323,463$54,841,609
86$92,063,884$5,917,830$1,193,129$60,170,630
87$101,274,228$6,027,632$1,052,927$66,038,686
88$111,418,351$6,137,138$902,352$72,500,752
89$122,591,321$6,246,156$740,879$79,617,419
90$134,897,896$6,354,477$567,958$87,455,461
91$148,453,512$6,461,878$383,015$96,088,471
92$163,385,376$6,568,115$185,452$105,597,551
93$179,833,662$6,672,931$0$116,072,086
94$197,952,838$6,776,047$0$127,617,623
95$217,913,118$6,877,164$0$140,391,046
96$239,902,073$6,975,962$0$154,460,685
97$264,126,399$7,072,099$0$169,958,593
98$290,813,867$7,165,206$0$187,030,288
99$320,215,473$7,254,894$0$205,836,132
100$352,607,810$7,340,742$0$226,552,837