Can I retire at age 45 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$162,681$161,232$159,818$158,438$157,091$154,871
2 years$80,535$79,035$77,582$76,172$74,805$72,573
3 years$53,157$51,650$50,200$48,804$47,459$45,284
4 years$39,470$37,968$36,533$35,161$33,848$31,747
5 years$31,260$29,768$28,351$27,007$25,731$23,710
6 years$25,789$24,308$22,912$21,598$20,360$18,421
7 years$21,883$20,413$19,040$17,757$16,558$14,702
8 years$18,954$17,498$16,147$14,896$13,737$11,964
9 years$16,677$15,235$13,908$12,688$11,568$9,877
10 years$14,857$13,429$12,125$10,937$9,857$8,246
11 years$13,369$11,955$10,675$9,518$8,477$6,946
12 years$12,129$10,730$9,474$8,349$7,346$5,892
13 years$11,082$9,697$8,464$7,371$6,406$5,027
14 years$10,184$8,814$7,605$6,543$5,615$4,310
15 years$9,407$8,052$6,866$5,835$4,944$3,709
16 years$8,728$7,388$6,225$5,225$4,370$3,203
17 years$8,129$6,804$5,665$4,694$3,875$2,774
18 years$7,598$6,287$5,171$4,231$3,445$2,408
19 years$7,122$5,827$4,734$3,823$3,071$2,095
20 years$6,695$5,414$4,345$3,462$2,743$1,826
21 years$6,310$5,043$3,996$3,142$2,454$1,593
22 years$5,959$4,708$3,683$2,857$2,200$1,392
23 years$5,640$4,403$3,401$2,602$1,975$1,218
24 years$5,347$4,125$3,145$2,373$1,775$1,067
25 years$5,079$3,871$2,913$2,167$1,597$935
26 years$4,831$3,639$2,702$1,982$1,439$820
27 years$4,603$3,424$2,509$1,814$1,297$720
28 years$4,391$3,227$2,332$1,662$1,170$632
29 years$4,194$3,044$2,170$1,524$1,057$556
30 years$4,010$2,875$2,022$1,399$955$488
31 years$3,839$2,718$1,885$1,285$863$430
32 years$3,678$2,571$1,758$1,180$781$378
33 years$3,528$2,435$1,642$1,086$707$332
34 years$3,387$2,308$1,534$999$640$293
35 years$3,254$2,189$1,434$919$580$258
36 years$3,129$2,078$1,342$847$525$227
37 years$3,011$1,973$1,256$780$476$200
38 years$2,899$1,875$1,176$719$432$176
39 years$2,793$1,783$1,102$663$391$155
40 years$2,693$1,697$1,033$612$355$137
41 years$2,598$1,615$968$564$322$120
42 years$2,508$1,538$908$521$292$106
43 years$2,422$1,466$852$481$265$93
44 years$2,341$1,397$800$444$241$82
45 years$2,263$1,332$751$410$219$73
46 years$2,189$1,271$706$379$198$64
47 years$2,118$1,213$663$350$180$56
48 years$2,050$1,158$623$323$164$50
49 years$1,985$1,106$586$299$149$44
50 years$1,923$1,056$550$276$135$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,970,000, adding $4,150 every year, while hoping to spend $30,722 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: 27/48/25 Blend
44$1,970,000$1,970,000$1,970,000$1,970,000
45$2,175,221$2,070,811$2,040,276$2,216,812
46$2,364,405$2,139,592$2,075,937$2,319,146
47$2,571,857$2,210,715$2,111,763$2,426,000
48$2,799,407$2,284,260$2,147,728$2,540,092
49$3,049,071$2,360,314$2,183,801$2,662,057
50$3,323,071$2,438,964$2,219,953$2,792,593
51$3,623,853$2,520,302$2,256,150$2,932,465
52$3,954,112$2,604,423$2,292,358$3,082,514
53$4,316,818$2,691,426$2,328,538$3,243,663
54$4,715,241$2,781,413$2,364,651$3,416,926
55$5,152,982$2,874,490$2,400,655$3,603,419
56$5,634,013$2,970,766$2,436,503$3,804,365
57$6,162,704$3,070,355$2,472,147$4,021,110
58$6,743,874$3,173,376$2,507,538$4,255,135
59$7,382,829$3,279,952$2,542,621$4,508,065
60$8,085,416$3,390,208$2,577,337$4,781,691
61$8,858,078$3,504,278$2,611,627$5,077,979
62$9,707,911$3,622,297$2,645,427$5,399,094
63$10,642,737$3,744,408$2,678,667$5,747,416
64$11,671,170$3,870,758$2,711,276$6,125,565
65$12,802,704$4,001,500$2,743,178$6,536,422
66$14,047,798$4,136,791$2,774,293$6,983,160
67$15,417,977$4,276,798$2,804,536$7,469,266
68$16,925,939$4,421,690$2,833,816$7,998,584
69$18,585,677$4,571,644$2,862,041$8,575,341
70$20,412,606$4,726,845$2,889,110$9,204,191
71$22,423,715$4,887,483$2,914,918$9,890,258
72$24,637,721$5,053,757$2,939,354$10,639,182
73$27,075,249$5,225,872$2,962,303$11,457,174
74$29,759,026$5,404,042$2,983,643$12,351,072
75$32,714,095$5,588,488$3,003,243$13,328,406
76$35,968,050$5,779,441$3,020,969$14,397,467
77$39,551,297$5,977,140$3,036,677$15,567,385
78$43,497,343$6,181,833$3,050,219$16,848,218
79$47,843,107$6,393,778$3,061,437$18,251,039
80$52,629,274$6,613,243$3,070,165$19,788,045
81$57,900,675$6,840,506$3,076,230$21,472,672
82$63,706,709$7,075,857$3,079,449$23,319,716
83$70,101,814$7,319,595$3,079,632$25,345,476
84$77,145,976$7,572,032$3,076,576$27,567,907
85$84,905,297$7,833,492$3,070,072$30,006,784
86$93,452,616$8,104,313$3,059,899$32,683,894
87$102,868,203$8,384,843$3,045,825$35,623,235
88$113,240,506$8,675,448$3,027,607$38,851,247
89$124,666,997$8,976,504$3,004,991$42,397,055
90$137,255,083$9,288,404$2,977,710$46,292,745
91$151,123,122$9,611,558$2,945,485$50,573,669
92$166,401,545$9,946,388$2,908,023$55,278,773
93$183,234,078$10,293,337$2,865,018$60,450,964
94$201,779,107$10,652,863$2,816,148$66,137,516
95$222,211,166$11,025,443$2,761,079$72,390,515
96$244,722,588$11,411,573$2,699,458$79,267,346
97$269,525,320$11,811,769$2,630,919$86,831,238
98$296,852,924$12,226,566$2,555,076$95,151,854
99$326,962,778$12,656,524$2,471,527$104,305,952
100$360,138,509$13,102,221$2,379,850$114,378,106