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%17.3%
1 years$178,371$176,782$175,232$173,719$172,241$167,130
2 years$88,302$86,658$85,064$83,519$82,020$76,912
3 years$58,283$56,632$55,042$53,511$52,037$47,093
4 years$43,277$41,630$40,057$38,552$37,113$32,371
5 years$34,275$32,639$31,085$29,611$28,213$23,686
6 years$28,276$26,652$25,122$23,681$22,324$18,016
7 years$23,993$22,382$20,876$19,469$18,155$14,066
8 years$20,782$19,186$17,705$16,332$15,061$11,189
9 years$18,286$16,705$15,249$13,911$12,684$9,024
10 years$16,290$14,724$13,294$11,992$10,807$7,354
11 years$14,658$13,108$11,704$10,436$9,295$6,043
12 years$13,299$11,765$10,387$9,154$8,055$4,998
13 years$12,150$10,632$9,280$8,082$7,024$4,155
14 years$11,166$9,664$8,338$7,174$6,157$3,468
15 years$10,314$8,829$7,528$6,398$5,421$2,905
16 years$9,570$8,100$6,826$5,729$4,791$2,441
17 years$8,913$7,460$6,211$5,147$4,248$2,055
18 years$8,330$6,893$5,670$4,639$3,777$1,734
19 years$7,809$6,389$5,191$4,191$3,367$1,465
20 years$7,341$5,937$4,764$3,796$3,007$1,240
21 years$6,918$5,530$4,382$3,445$2,691$1,050
22 years$6,534$5,162$4,038$3,133$2,412$891
23 years$6,184$4,828$3,729$2,853$2,165$756
24 years$5,863$4,523$3,448$2,602$1,946$642
25 years$5,569$4,245$3,194$2,376$1,751$545
26 years$5,297$3,990$2,962$2,173$1,578$464
27 years$5,047$3,755$2,751$1,989$1,422$394
28 years$4,814$3,538$2,557$1,822$1,283$336
29 years$4,598$3,338$2,380$1,671$1,159$286
30 years$4,397$3,152$2,216$1,533$1,047$243
31 years$4,209$2,980$2,066$1,408$947$207
32 years$4,033$2,819$1,928$1,294$856$176
33 years$3,868$2,670$1,800$1,190$775$150
34 years$3,713$2,531$1,682$1,095$702$128
35 years$3,568$2,400$1,573$1,008$636$109
36 years$3,431$2,278$1,471$928$576$93
37 years$3,301$2,164$1,377$855$522$79
38 years$3,179$2,056$1,289$788$473$67
39 years$3,063$1,955$1,208$727$429$57
40 years$2,953$1,860$1,132$671$389$49
41 years$2,849$1,771$1,062$619$353$42
42 years$2,750$1,687$996$571$320$36
43 years$2,656$1,607$935$527$291$30
44 years$2,566$1,532$877$487$264$26
45 years$2,481$1,461$824$449$240$22
46 years$2,400$1,393$774$415$218$19
47 years$2,322$1,330$727$384$198$16
48 years$2,248$1,269$683$354$179$14
49 years$2,177$1,212$642$328$163$12
50 years$2,109$1,158$604$303$148$10

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 $3,453 every year, while hoping to spend $32,943 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: 25/46/29 Blend
44$2,160,000$2,160,000$2,160,000$2,160,000
45$2,383,882$2,269,402$2,235,922$2,421,770
46$2,591,987$2,345,551$2,275,774$2,530,023
47$2,820,214$2,424,328$2,315,857$2,642,990
48$3,070,582$2,505,826$2,356,144$2,763,432
49$3,345,312$2,590,143$2,396,606$2,892,002
50$3,646,853$2,677,379$2,437,212$3,029,411
51$3,977,902$2,767,640$2,477,928$3,176,445
52$4,341,428$2,861,035$2,518,719$3,333,963
53$4,740,704$2,957,676$2,559,546$3,502,910
54$5,179,334$3,057,680$2,600,369$3,684,324
55$5,661,290$3,161,170$2,641,145$3,879,343
56$6,190,945$3,268,271$2,681,827$4,089,221
57$6,773,119$3,379,114$2,722,366$4,315,334
58$7,413,123$3,493,836$2,762,711$4,559,194
59$8,116,804$3,612,577$2,802,805$4,822,465
60$8,890,609$3,735,484$2,842,590$5,106,975
61$9,741,638$3,862,709$2,882,003$5,414,736
62$10,677,713$3,994,410$2,920,978$5,747,959
63$11,707,455$4,130,751$2,959,446$6,109,076
64$12,840,359$4,271,902$2,997,331$6,500,766
65$14,086,890$4,418,040$3,034,556$6,925,971
66$15,458,577$4,569,348$3,071,038$7,387,932
67$16,968,123$4,726,017$3,106,689$7,890,215
68$18,629,525$4,888,246$3,141,417$8,436,743
69$20,458,206$5,056,239$3,175,123$9,031,837
70$22,471,159$5,230,210$3,207,706$9,680,249
71$24,687,109$5,410,382$3,239,056$10,387,213
72$27,126,688$5,596,985$3,269,058$11,158,492
73$29,812,632$5,790,259$3,297,593$12,000,426
74$32,769,991$5,990,452$3,324,533$12,920,002
75$36,026,369$6,197,823$3,349,744$13,924,907
76$39,612,184$6,412,642$3,373,085$15,023,610
77$43,560,952$6,635,187$3,394,409$16,225,435
78$47,909,607$6,865,749$3,413,560$17,540,652
79$52,698,846$7,104,630$3,430,374$18,980,568
80$57,973,515$7,352,143$3,444,678$20,557,639
81$63,783,031$7,608,616$3,456,292$22,285,583
82$70,181,848$7,874,386$3,465,026$24,179,508
83$77,229,973$8,149,807$3,470,680$26,256,058
84$84,993,528$8,435,245$3,473,046$28,533,563
85$93,545,378$8,731,082$3,471,902$31,032,215
86$102,965,815$9,037,714$3,467,020$33,774,258
87$113,343,319$9,355,553$3,458,157$36,784,194
88$124,775,392$9,685,029$3,445,058$40,089,017
89$137,369,473$10,026,587$3,427,460$43,718,462
90$151,243,962$10,380,692$3,405,081$47,705,288
91$166,529,326$10,747,826$3,377,632$52,085,586
92$183,369,340$11,128,492$3,344,805$56,899,115
93$201,922,436$11,523,212$3,306,280$62,189,680
94$222,363,206$11,932,530$3,261,721$68,005,544
95$244,884,041$12,357,013$3,210,777$74,399,877
96$269,696,955$12,797,248$3,153,080$81,431,265
97$297,035,580$13,253,849$3,088,244$89,164,253
98$327,157,376$13,727,454$3,015,867$97,669,959
99$360,346,056$14,218,727$2,935,526$107,026,740
100$396,914,268$14,728,359$2,846,781$117,320,932