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%19.1%
1 years$178,371$176,782$175,232$173,719$172,241$165,932
2 years$88,302$86,658$85,064$83,519$82,020$75,734
3 years$58,283$56,632$55,042$53,511$52,037$45,971
4 years$43,277$41,630$40,057$38,552$37,113$31,315
5 years$34,275$32,639$31,085$29,611$28,213$22,696
6 years$28,276$26,652$25,122$23,681$22,324$17,093
7 years$23,993$22,382$20,876$19,469$18,155$13,210
8 years$20,782$19,186$17,705$16,332$15,061$10,396
9 years$18,286$16,705$15,249$13,911$12,684$8,293
10 years$16,290$14,724$13,294$11,992$10,807$6,682
11 years$14,658$13,108$11,704$10,436$9,295$5,427
12 years$13,299$11,765$10,387$9,154$8,055$4,435
13 years$12,150$10,632$9,280$8,082$7,024$3,642
14 years$11,166$9,664$8,338$7,174$6,157$3,003
15 years$10,314$8,829$7,528$6,398$5,421$2,483
16 years$9,570$8,100$6,826$5,729$4,791$2,059
17 years$8,913$7,460$6,211$5,147$4,248$1,711
18 years$8,330$6,893$5,670$4,639$3,777$1,424
19 years$7,809$6,389$5,191$4,191$3,367$1,187
20 years$7,341$5,937$4,764$3,796$3,007$991
21 years$6,918$5,530$4,382$3,445$2,691$828
22 years$6,534$5,162$4,038$3,133$2,412$692
23 years$6,184$4,828$3,729$2,853$2,165$579
24 years$5,863$4,523$3,448$2,602$1,946$485
25 years$5,569$4,245$3,194$2,376$1,751$406
26 years$5,297$3,990$2,962$2,173$1,578$340
27 years$5,047$3,755$2,751$1,989$1,422$285
28 years$4,814$3,538$2,557$1,822$1,283$239
29 years$4,598$3,338$2,380$1,671$1,159$201
30 years$4,397$3,152$2,216$1,533$1,047$168
31 years$4,209$2,980$2,066$1,408$947$141
32 years$4,033$2,819$1,928$1,294$856$118
33 years$3,868$2,670$1,800$1,190$775$99
34 years$3,713$2,531$1,682$1,095$702$83
35 years$3,568$2,400$1,573$1,008$636$70
36 years$3,431$2,278$1,471$928$576$59
37 years$3,301$2,164$1,377$855$522$49
38 years$3,179$2,056$1,289$788$473$41
39 years$3,063$1,955$1,208$727$429$35
40 years$2,953$1,860$1,132$671$389$29
41 years$2,849$1,771$1,062$619$353$24
42 years$2,750$1,687$996$571$320$21
43 years$2,656$1,607$935$527$291$17
44 years$2,566$1,532$877$487$264$14
45 years$2,481$1,461$824$449$240$12
46 years$2,400$1,393$774$415$218$10
47 years$2,322$1,330$727$384$198$9
48 years$2,248$1,269$683$354$179$7
49 years$2,177$1,212$642$328$163$6
50 years$2,109$1,158$604$303$148$5

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 $4,527 every year, while hoping to spend $39,343 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: 66/22/12 Blend
44$2,160,000$2,160,000$2,160,000$2,160,000
45$2,384,990$2,270,510$2,237,030$2,535,692
46$2,586,398$2,339,904$2,270,109$2,706,119
47$2,807,031$2,411,380$2,302,979$2,887,270
48$3,048,809$2,484,998$2,335,589$3,084,265
49$3,313,845$2,560,821$2,367,889$3,298,650
50$3,604,468$2,638,911$2,399,824$3,532,127
51$3,923,241$2,719,336$2,431,336$3,786,568
52$4,272,990$2,802,161$2,462,363$4,064,036
53$4,656,824$2,887,456$2,492,842$4,366,802
54$5,078,171$2,975,293$2,522,703$4,697,365
55$5,540,806$3,065,744$2,551,875$5,058,479
56$6,048,886$3,158,883$2,580,281$5,453,177
57$6,606,993$3,254,788$2,607,841$5,884,798
58$7,220,171$3,353,538$2,634,469$6,357,019
59$7,893,981$3,455,214$2,660,075$6,873,892
60$8,634,546$3,559,898$2,684,567$7,439,878
61$9,448,613$3,667,676$2,707,843$8,059,892
62$10,343,615$3,778,636$2,729,799$8,739,348
63$11,327,741$3,892,867$2,750,325$9,484,208
64$12,410,015$4,010,461$2,769,305$10,301,043
65$13,600,375$4,131,513$2,786,616$11,197,088
66$14,909,776$4,256,119$2,802,129$12,180,317
67$16,350,283$4,384,379$2,815,711$13,259,513
68$17,935,193$4,516,395$2,827,218$14,444,351
69$19,679,155$4,652,271$2,836,503$15,745,493
70$21,598,311$4,792,114$2,843,407$17,174,683
71$23,710,444$4,936,033$2,847,767$18,744,862
72$26,035,152$5,084,141$2,849,409$20,470,288
73$28,594,026$5,236,553$2,848,154$22,366,669
74$31,410,860$5,393,387$2,843,810$24,451,314
75$34,511,868$5,554,763$2,836,178$26,743,293
76$37,925,938$5,720,806$2,825,049$29,263,619
77$41,684,899$5,891,641$2,810,204$32,035,446
78$45,823,825$6,067,398$2,791,412$35,084,284
79$50,381,365$6,248,210$2,768,434$38,438,244
80$55,400,104$6,434,212$2,741,017$42,128,300
81$60,926,970$6,625,544$2,708,896$46,188,582
82$67,013,672$6,822,346$2,671,794$50,656,700
83$73,717,190$7,024,765$2,629,423$55,574,092
84$81,100,312$7,232,947$2,581,478$60,986,424
85$89,232,228$7,447,046$2,527,642$66,944,015
86$98,189,180$7,667,216$2,467,582$73,502,310
87$108,055,182$7,893,615$2,400,952$80,722,409
88$118,922,813$8,126,404$2,327,386$88,671,641
89$130,894,091$8,365,750$2,246,505$97,424,194
90$144,081,437$8,611,819$2,157,911$107,061,826
91$158,608,730$8,864,785$2,061,187$117,674,624
92$174,612,483$9,124,822$1,955,899$129,361,864
93$192,243,127$9,392,109$1,841,593$142,232,944
94$211,666,432$9,666,829$1,717,793$156,408,413
95$233,065,071$9,949,167$1,584,002$172,021,117
96$256,640,345$10,239,312$1,439,702$189,217,443
97$282,614,079$10,537,458$1,284,352$208,158,710
98$311,230,722$10,843,799$1,117,384$229,022,683
99$342,759,647$11,158,537$938,208$252,005,258
100$377,497,699$11,481,874$746,206$277,322,306