Can I retire at age 45 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$160,203$158,776$157,384$156,025$154,698$149,806
2 years$79,309$77,832$76,400$75,012$73,666$68,782
3 years$52,347$50,864$49,436$48,061$46,737$42,013
4 years$38,869$37,390$35,977$34,625$33,333$28,807
5 years$30,784$29,314$27,919$26,596$25,339$21,022
6 years$25,396$23,937$22,563$21,269$20,050$15,946
7 years$21,549$20,103$18,750$17,486$16,306$12,415
8 years$18,665$17,232$15,901$14,669$13,527$9,846
9 years$16,423$15,003$13,696$12,494$11,392$7,917
10 years$14,631$13,225$11,940$10,770$9,707$6,432
11 years$13,165$11,773$10,512$9,373$8,348$5,268
12 years$11,945$10,567$9,329$8,222$7,234$4,342
13 years$10,913$9,549$8,335$7,259$6,308$3,598
14 years$10,029$8,680$7,489$6,443$5,530$2,993
15 years$9,264$7,929$6,762$5,746$4,869$2,498
16 years$8,595$7,275$6,130$5,145$4,303$2,091
17 years$8,005$6,700$5,578$4,623$3,816$1,755
18 years$7,482$6,191$5,092$4,166$3,393$1,475
19 years$7,014$5,738$4,662$3,765$3,024$1,242
20 years$6,593$5,332$4,278$3,409$2,701$1,047
21 years$6,213$4,967$3,935$3,094$2,417$883
22 years$5,868$4,636$3,627$2,813$2,167$746
23 years$5,554$4,336$3,349$2,562$1,945$631
24 years$5,266$4,063$3,097$2,337$1,748$533
25 years$5,002$3,813$2,869$2,134$1,573$451
26 years$4,758$3,583$2,660$1,951$1,417$382
27 years$4,533$3,372$2,470$1,786$1,277$324
28 years$4,324$3,178$2,297$1,637$1,153$274
29 years$4,130$2,998$2,137$1,501$1,041$233
30 years$3,949$2,831$1,991$1,377$940$197
31 years$3,780$2,676$1,856$1,265$850$167
32 years$3,622$2,532$1,732$1,163$769$142
33 years$3,474$2,398$1,617$1,069$696$120
34 years$3,335$2,273$1,511$984$630$102
35 years$3,204$2,156$1,412$905$571$87
36 years$3,081$2,046$1,321$834$517$73
37 years$2,965$1,943$1,237$768$469$62
38 years$2,855$1,847$1,158$708$425$53
39 years$2,751$1,756$1,085$653$385$45
40 years$2,652$1,671$1,017$602$350$38
41 years$2,559$1,591$954$556$317$32
42 years$2,470$1,515$894$513$288$27
43 years$2,385$1,443$839$473$261$23
44 years$2,305$1,376$788$437$237$20
45 years$2,228$1,312$740$404$215$17
46 years$2,155$1,251$695$373$195$14
47 years$2,086$1,194$653$345$177$12
48 years$2,019$1,140$613$318$161$10
49 years$1,955$1,089$577$294$146$9
50 years$1,894$1,040$542$272$133$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,940,000, adding $6,812 every year, while hoping to spend $29,430 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: 27/46/27 Blend
44$1,940,000$1,940,000$1,940,000$1,940,000
45$2,144,907$2,042,087$2,012,017$2,184,612
46$2,332,374$2,110,836$2,048,106$2,285,902
47$2,537,976$2,181,967$2,084,418$2,391,592
48$2,763,533$2,255,566$2,120,929$2,504,467
49$3,011,046$2,331,722$2,157,613$2,625,159
50$3,282,724$2,410,527$2,194,444$2,754,362
51$3,580,996$2,492,078$2,231,392$2,892,837
52$3,908,540$2,576,472$2,268,426$3,041,421
53$4,268,305$2,663,813$2,305,513$3,201,030
54$4,663,541$2,754,209$2,342,616$3,372,674
55$5,097,827$2,847,770$2,379,698$3,557,461
56$5,575,106$2,944,611$2,416,719$3,756,608
57$6,099,723$3,044,853$2,453,635$3,971,453
58$6,676,463$3,148,619$2,490,400$4,203,469
59$7,310,599$3,256,038$2,526,965$4,454,272
60$8,007,941$3,367,245$2,563,280$4,725,642
61$8,774,889$3,482,378$2,599,288$5,019,534
62$9,618,496$3,601,582$2,634,932$5,338,100
63$10,546,530$3,725,007$2,670,149$5,683,708
64$11,567,552$3,852,809$2,704,876$6,058,962
65$12,690,995$3,985,149$2,739,042$6,466,726
66$13,927,251$4,122,196$2,772,574$6,910,154
67$15,287,771$4,264,124$2,805,395$7,392,717
68$16,785,172$4,411,115$2,837,425$7,918,232
69$18,433,357$4,563,356$2,868,575$8,490,903
70$20,247,644$4,721,045$2,898,757$9,115,358
71$22,244,911$4,884,384$2,927,873$9,796,690
72$24,443,758$5,053,585$2,955,823$10,540,507
73$26,864,678$5,228,867$2,982,499$11,352,983
74$29,530,253$5,410,459$3,007,791$12,240,916
75$32,465,366$5,598,599$3,031,579$13,211,791
76$35,697,436$5,793,533$3,053,740$14,273,852
77$39,256,676$5,995,518$3,074,142$15,436,175
78$43,176,379$6,204,820$3,092,648$16,708,757
79$47,493,231$6,421,717$3,109,112$18,102,606
80$52,247,656$6,646,498$3,123,383$19,629,848
81$57,484,202$6,879,461$3,135,301$21,303,836
82$63,251,954$7,120,918$3,144,698$23,139,281
83$69,605,005$7,371,195$3,151,397$25,152,384
84$76,602,960$7,630,627$3,155,213$27,360,990
85$84,311,501$7,899,567$3,155,951$29,784,759
86$92,803,006$8,178,378$3,153,408$32,445,345
87$102,157,235$8,467,441$3,147,370$35,366,603
88$112,462,077$8,767,150$3,137,611$38,574,812
89$123,814,385$9,077,916$3,123,896$42,098,923
90$136,320,884$9,400,166$3,105,979$45,970,827
91$150,099,186$9,734,346$3,083,601$50,225,662
92$165,278,893$10,080,918$3,056,491$54,902,137
93$182,002,821$10,440,365$3,024,365$60,042,900
94$200,428,353$10,813,186$2,986,925$65,694,937
95$220,728,918$11,199,906$2,943,860$71,910,017
96$243,095,632$11,601,066$2,894,844$78,745,173
97$267,739,101$12,017,232$2,839,536$86,263,249
98$294,891,406$12,448,994$2,777,577$94,533,483
99$324,808,299$12,896,963$2,708,595$103,632,162
100$357,771,610$13,361,779$2,632,198$113,643,342