Can I retire at age 45 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$161,029$159,595$158,195$156,829$155,496$151,675
2 years$79,717$78,233$76,794$75,399$74,046$70,220
3 years$52,617$51,126$49,691$48,309$46,978$43,267
4 years$39,070$37,583$36,162$34,804$33,505$29,937
5 years$30,943$29,466$28,063$26,733$25,470$22,055
6 years$25,527$24,061$22,679$21,378$20,153$16,895
7 years$21,660$20,206$18,847$17,576$16,390$13,289
8 years$18,761$17,320$15,983$14,744$13,597$10,651
9 years$16,508$15,081$13,767$12,559$11,451$8,658
10 years$14,706$13,293$12,002$10,826$9,757$7,114
11 years$13,233$11,834$10,566$9,422$8,391$5,894
12 years$12,006$10,621$9,377$8,264$7,271$4,917
13 years$10,969$9,599$8,378$7,296$6,341$4,123
14 years$10,081$8,725$7,528$6,477$5,558$3,473
15 years$9,312$7,970$6,797$5,776$4,894$2,936
16 years$8,639$7,313$6,162$5,172$4,325$2,490
17 years$8,047$6,735$5,607$4,647$3,835$2,116
18 years$7,520$6,223$5,119$4,188$3,410$1,803
19 years$7,050$5,768$4,686$3,784$3,039$1,538
20 years$6,627$5,359$4,300$3,427$2,715$1,315
21 years$6,245$4,992$3,956$3,110$2,430$1,125
22 years$5,899$4,660$3,646$2,828$2,178$964
23 years$5,583$4,358$3,366$2,575$1,955$826
24 years$5,293$4,084$3,113$2,349$1,757$709
25 years$5,027$3,832$2,883$2,145$1,581$609
26 years$4,782$3,602$2,674$1,961$1,424$523
27 years$4,556$3,390$2,483$1,795$1,284$449
28 years$4,346$3,194$2,308$1,645$1,159$386
29 years$4,151$3,013$2,148$1,508$1,046$332
30 years$3,969$2,846$2,001$1,384$945$286
31 years$3,800$2,690$1,865$1,271$855$246
32 years$3,641$2,545$1,741$1,169$773$212
33 years$3,492$2,410$1,625$1,075$700$182
34 years$3,352$2,285$1,518$989$633$157
35 years$3,221$2,167$1,420$910$574$135
36 years$3,097$2,057$1,328$838$520$117
37 years$2,980$1,953$1,243$772$471$100
38 years$2,870$1,856$1,164$712$427$87
39 years$2,765$1,765$1,091$656$387$75
40 years$2,666$1,679$1,022$605$351$64
41 years$2,572$1,599$958$559$319$55
42 years$2,483$1,523$899$515$289$48
43 years$2,398$1,451$844$476$262$41
44 years$2,317$1,383$792$439$238$35
45 years$2,240$1,319$744$406$216$31
46 years$2,166$1,258$698$375$196$26
47 years$2,096$1,200$656$346$178$23
48 years$2,029$1,146$617$320$162$20
49 years$1,965$1,094$580$296$147$17
50 years$1,904$1,045$545$273$134$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,950,000, adding $5,088 every year, while hoping to spend $55,431 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: 52/37/11 Blend
44$1,950,000$1,950,000$1,950,000$1,950,000
45$2,154,148$2,050,798$2,020,573$2,259,705
46$2,314,893$2,092,309$2,029,284$2,373,728
47$2,490,176$2,133,996$2,036,429$2,491,304
48$2,681,422$2,175,810$2,041,897$2,617,890
49$2,890,198$2,217,696$2,045,572$2,754,349
50$3,118,230$2,259,595$2,047,331$2,901,636
51$3,367,419$2,301,444$2,047,045$3,060,799
52$3,639,855$2,343,174$2,044,581$3,232,994
53$3,937,842$2,384,711$2,039,796$3,419,498
54$4,263,915$2,425,975$2,032,542$3,621,715
55$4,620,867$2,466,880$2,022,665$3,841,195
56$5,011,771$2,507,334$2,010,000$4,079,644
57$5,440,015$2,547,236$1,994,378$4,338,946
58$5,909,327$2,586,481$1,975,620$4,621,175
59$6,423,812$2,624,953$1,953,538$4,928,619
60$6,987,995$2,662,530$1,927,935$5,263,801
61$7,606,857$2,699,080$1,898,607$5,629,500
62$8,285,884$2,734,463$1,865,339$6,028,782
63$9,031,121$2,768,528$1,827,904$6,465,027
64$9,849,224$2,801,114$1,786,067$6,941,960
65$10,747,527$2,832,051$1,739,583$7,463,690
66$11,734,108$2,861,154$1,688,192$8,034,744
67$12,817,865$2,888,230$1,631,625$8,660,117
68$14,008,603$2,913,068$1,569,599$9,345,313
69$15,317,120$2,935,448$1,501,821$10,096,402
70$16,755,314$2,955,133$1,427,980$10,920,074
71$18,336,294$2,971,872$1,347,755$11,823,708
72$20,074,499$2,985,397$1,260,808$12,815,436
73$21,985,840$2,995,424$1,166,787$13,904,226
74$24,087,847$3,001,651$1,065,325$15,099,963
75$26,399,830$3,003,755$956,037$16,413,545
76$28,943,069$3,001,395$838,520$17,856,989
77$31,741,008$2,994,209$712,356$19,443,540
78$34,819,477$2,981,812$577,107$21,187,803
79$38,206,938$2,963,795$432,315$23,105,875
80$41,934,751$2,939,726$277,502$25,215,506
81$46,037,467$2,909,144$112,170$27,536,260
82$50,553,160$2,871,563$0$30,089,707
83$55,523,779$2,826,467$0$32,907,168
84$60,995,549$2,773,308$0$36,021,851
85$67,019,402$2,711,507$0$39,449,539
86$73,651,460$2,640,450$0$43,222,153
87$80,953,565$2,559,489$0$47,374,878
88$88,993,860$2,467,934$0$51,946,496
89$97,847,429$2,365,059$0$56,979,751
90$107,597,013$2,250,092$0$62,521,757
91$118,333,782$2,122,221$0$68,624,442
92$130,158,201$1,980,583$0$75,345,042
93$143,180,974$1,824,268$0$82,746,640
94$157,524,088$1,652,312$0$90,898,767
95$173,321,967$1,463,697$0$99,878,057
96$190,722,739$1,257,349$0$109,768,976
97$209,889,630$1,032,131$0$120,664,617
98$231,002,509$786,842$0$132,667,586
99$254,259,581$520,214$0$145,890,971
100$279,879,262$230,908$0$160,459,411