Can I retire at age 45 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$158,552$157,140$155,762$154,417$153,103$150,505
2 years$78,491$77,029$75,612$74,239$72,906$70,297
3 years$51,808$50,339$48,926$47,566$46,255$43,715
4 years$38,468$37,005$35,606$34,268$32,989$30,539
5 years$30,467$29,012$27,632$26,321$25,078$22,724
6 years$25,135$23,691$22,330$21,049$19,843$17,588
7 years$21,327$19,895$18,557$17,306$16,138$13,983
8 years$18,473$17,054$15,738$14,517$13,388$11,332
9 years$16,254$14,849$13,555$12,366$11,275$9,317
10 years$14,480$13,088$11,817$10,659$9,607$7,745
11 years$13,029$11,652$10,404$9,277$8,262$6,495
12 years$11,822$10,458$9,233$8,137$7,160$5,485
13 years$10,800$9,451$8,249$7,184$6,243$4,659
14 years$9,926$8,591$7,412$6,377$5,473$3,975
15 years$9,168$7,848$6,692$5,687$4,819$3,405
16 years$8,506$7,200$6,067$5,092$4,259$2,926
17 years$7,923$6,631$5,521$4,575$3,776$2,522
18 years$7,405$6,127$5,040$4,123$3,358$2,178
19 years$6,942$5,679$4,614$3,726$2,993$1,885
20 years$6,525$5,277$4,234$3,374$2,673$1,634
21 years$6,149$4,915$3,895$3,062$2,392$1,419
22 years$5,808$4,588$3,590$2,784$2,144$1,233
23 years$5,497$4,291$3,314$2,536$1,925$1,073
24 years$5,212$4,021$3,065$2,313$1,730$935
25 years$4,950$3,773$2,839$2,112$1,557$815
26 years$4,709$3,546$2,633$1,931$1,402$711
27 years$4,486$3,337$2,445$1,768$1,264$620
28 years$4,279$3,145$2,273$1,620$1,141$542
29 years$4,087$2,967$2,115$1,485$1,030$473
30 years$3,908$2,802$1,970$1,363$931$414
31 years$3,741$2,649$1,837$1,252$841$362
32 years$3,585$2,506$1,714$1,151$761$316
33 years$3,438$2,373$1,600$1,058$689$277
34 years$3,301$2,249$1,495$973$624$242
35 years$3,171$2,134$1,398$896$565$212
36 years$3,049$2,025$1,308$825$512$185
37 years$2,934$1,923$1,224$760$464$162
38 years$2,825$1,828$1,146$701$421$142
39 years$2,723$1,738$1,074$646$381$125
40 years$2,625$1,654$1,006$596$346$109
41 years$2,532$1,574$944$550$314$96
42 years$2,444$1,499$885$508$285$84
43 years$2,361$1,428$831$469$258$73
44 years$2,281$1,362$780$433$235$64
45 years$2,205$1,298$732$400$213$56
46 years$2,133$1,239$688$369$193$49
47 years$2,064$1,182$646$341$176$43
48 years$1,998$1,128$607$315$159$38
49 years$1,935$1,078$571$291$145$33
50 years$1,875$1,029$536$269$132$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,920,000, adding $3,325 every year, while hoping to spend $36,919 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: 61/26/13 Blend
44$1,920,000$1,920,000$1,920,000$1,920,000
45$2,119,270$2,017,510$1,987,750$2,241,663
46$2,296,154$2,077,086$2,015,058$2,383,874
47$2,489,843$2,138,345$2,042,043$2,534,507
48$2,702,011$2,201,328$2,068,657$2,697,986
49$2,934,505$2,266,081$2,094,845$2,875,556
50$3,189,354$2,332,650$2,120,552$3,068,588
51$3,468,798$2,401,079$2,145,720$3,278,592
52$3,775,300$2,471,416$2,170,286$3,507,228
53$4,111,574$2,543,710$2,194,185$3,756,324
54$4,480,611$2,618,008$2,217,347$4,027,897
55$4,885,704$2,694,361$2,239,699$4,324,162
56$5,330,481$2,772,820$2,261,164$4,647,562
57$5,818,938$2,853,436$2,281,660$5,000,788
58$6,355,477$2,936,262$2,301,103$5,386,800
59$6,944,948$3,021,350$2,319,402$5,808,862
60$7,592,693$3,108,757$2,336,462$6,270,567
61$8,304,598$3,198,536$2,352,184$6,775,874
62$9,087,146$3,290,744$2,366,462$7,329,142
63$9,947,483$3,385,438$2,379,186$7,935,175
64$10,893,477$3,482,675$2,390,239$8,599,263
65$11,933,800$3,582,515$2,399,501$9,327,235
66$13,078,005$3,685,016$2,406,842$10,125,513
67$14,336,619$3,790,239$2,412,128$11,001,169
68$15,721,238$3,898,244$2,415,218$11,961,998
69$17,244,640$4,009,094$2,415,964$13,016,587
70$18,920,904$4,122,850$2,414,209$14,174,396
71$20,765,542$4,239,576$2,409,791$15,445,847
72$22,795,646$4,359,334$2,402,538$16,842,425
73$25,030,050$4,482,189$2,392,271$18,376,784
74$27,489,504$4,608,205$2,378,801$20,062,865
75$30,196,874$4,737,448$2,361,931$21,916,030
76$33,177,353$4,869,981$2,341,455$23,953,205
77$36,458,705$5,005,871$2,317,155$26,193,042
78$40,071,517$5,145,184$2,288,804$28,656,091
79$44,049,499$5,287,985$2,256,166$31,364,996
80$48,429,791$5,434,339$2,218,991$34,344,712
81$53,253,321$5,584,313$2,177,018$37,622,731
82$58,565,188$5,737,972$2,129,976$41,229,354
83$64,415,085$5,895,382$2,077,579$45,197,964
84$70,857,775$6,056,606$2,019,528$49,565,350
85$77,953,597$6,221,709$1,955,512$54,372,052
86$85,769,046$6,390,755$1,885,204$59,662,741
87$94,377,392$6,563,805$1,808,262$65,486,644
88$103,859,377$6,740,922$1,724,329$71,898,003
89$114,303,972$6,922,166$1,633,032$78,956,596
90$125,809,220$7,107,595$1,533,982$86,728,293
91$138,483,160$7,297,267$1,426,770$95,285,680
92$152,444,846$7,491,237$1,310,971$104,708,746
93$167,825,471$7,689,558$1,186,139$115,085,636
94$184,769,604$7,892,282$1,051,810$126,513,486
95$203,436,556$8,099,455$907,497$139,099,335
96$224,001,881$8,311,125$752,695$152,961,138
97$246,659,035$8,527,332$586,872$168,228,882
98$271,621,201$8,748,116$409,477$185,045,809
99$299,123,300$8,973,511$219,932$203,569,771
100$329,424,212$9,203,548$17,634$223,974,718