Can I retire at age 45 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$167,636$166,142$164,685$163,264$161,875$159,522
2 years$82,988$81,442$79,944$78,492$77,083$74,718
3 years$54,776$53,223$51,729$50,291$48,905$46,600
4 years$40,672$39,125$37,646$36,232$34,879$32,653
5 years$32,213$30,674$29,215$27,829$26,515$24,374
6 years$26,575$25,048$23,610$22,255$20,980$18,927
7 years$22,549$21,035$19,620$18,297$17,063$15,097
8 years$19,531$18,031$16,639$15,349$14,155$12,278
9 years$17,185$15,699$14,331$13,074$11,921$10,130
10 years$15,310$13,838$12,494$11,270$10,157$8,453
11 years$13,776$12,319$11,000$9,808$8,735$7,115
12 years$12,499$11,057$9,762$8,603$7,570$6,032
13 years$11,419$9,992$8,722$7,595$6,601$5,143
14 years$10,494$9,083$7,837$6,742$5,786$4,406
15 years$9,694$8,297$7,075$6,013$5,095$3,790
16 years$8,994$7,613$6,415$5,384$4,503$3,271
17 years$8,377$7,011$5,837$4,837$3,993$2,830
18 years$7,829$6,478$5,329$4,359$3,550$2,455
19 years$7,339$6,004$4,878$3,939$3,164$2,134
20 years$6,899$5,579$4,477$3,568$2,826$1,859
21 years$6,502$5,197$4,118$3,238$2,529$1,621
22 years$6,141$4,851$3,795$2,944$2,267$1,415
23 years$5,812$4,537$3,504$2,681$2,035$1,237
24 years$5,510$4,251$3,241$2,445$1,829$1,083
25 years$5,234$3,989$3,002$2,233$1,646$948
26 years$4,979$3,749$2,784$2,042$1,483$831
27 years$4,743$3,529$2,585$1,869$1,337$729
28 years$4,524$3,325$2,403$1,712$1,206$640
29 years$4,321$3,137$2,236$1,570$1,089$562
30 years$4,132$2,962$2,083$1,441$984$493
31 years$3,956$2,800$1,942$1,324$890$433
32 years$3,790$2,650$1,812$1,216$805$381
33 years$3,635$2,509$1,692$1,119$728$335
34 years$3,490$2,378$1,581$1,029$659$295
35 years$3,353$2,256$1,478$947$597$259
36 years$3,224$2,141$1,383$873$541$228
37 years$3,102$2,034$1,294$804$490$201
38 years$2,987$1,933$1,212$741$445$177
39 years$2,878$1,838$1,135$683$403$155
40 years$2,775$1,748$1,064$630$366$137
41 years$2,677$1,664$998$581$332$120
42 years$2,584$1,585$936$537$301$106
43 years$2,496$1,510$878$495$273$93
44 years$2,412$1,440$824$457$248$82
45 years$2,332$1,373$774$422$225$72
46 years$2,255$1,310$727$390$204$64
47 years$2,182$1,250$683$360$186$56
48 years$2,113$1,193$642$333$169$49
49 years$2,046$1,139$603$308$153$44
50 years$1,982$1,088$567$285$139$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,030,000, adding $2,374 every year, while hoping to spend $55,629 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: 62/23/15 Blend
44$2,030,000$2,030,000$2,030,000$2,030,000
45$2,239,509$2,131,919$2,100,454$2,369,918
46$2,408,750$2,177,194$2,111,630$2,503,109
47$2,593,389$2,222,823$2,121,316$2,641,921
48$2,794,938$2,268,765$2,129,404$2,792,118
49$3,015,062$2,314,974$2,135,779$2,954,810
50$3,255,592$2,361,402$2,140,321$3,131,218
51$3,518,545$2,407,993$2,142,905$3,322,688
52$3,806,142$2,454,691$2,143,398$3,530,702
53$4,120,828$2,501,430$2,141,661$3,756,895
54$4,465,296$2,548,144$2,137,550$4,003,067
55$4,842,510$2,594,757$2,130,912$4,271,202
56$5,255,736$2,641,189$2,121,587$4,563,487
57$5,708,567$2,687,354$2,109,407$4,882,332
58$6,204,965$2,733,158$2,094,196$5,230,393
59$6,749,291$2,778,502$2,075,771$5,610,597
60$7,346,348$2,823,278$2,053,938$6,026,170
61$8,001,426$2,867,369$2,028,496$6,480,668
62$8,720,353$2,910,652$1,999,232$6,978,010
63$9,509,549$2,952,993$1,965,926$7,522,516
64$10,376,083$2,994,251$1,928,345$8,118,947
65$11,327,746$3,034,271$1,886,247$8,772,549
66$12,373,117$3,072,892$1,839,377$9,489,108
67$13,521,650$3,109,938$1,787,471$10,274,999
68$14,783,756$3,145,223$1,730,250$11,137,247
69$16,170,909$3,178,549$1,667,423$12,083,600
70$17,695,747$3,209,703$1,598,686$13,122,593
71$19,372,193$3,238,458$1,523,722$14,263,637
72$21,215,588$3,264,574$1,442,199$15,517,103
73$23,242,834$3,287,794$1,353,768$16,894,424
74$25,472,552$3,307,845$1,258,068$18,408,200
75$27,925,257$3,324,434$1,154,718$20,072,321
76$30,623,555$3,337,253$1,043,323$21,902,095
77$33,592,353$3,345,974$923,469$23,914,395
78$36,859,091$3,350,245$794,724$26,127,821
79$40,454,007$3,349,695$656,635$28,562,872
80$44,410,415$3,343,930$508,733$31,242,141
81$48,765,026$3,332,530$350,523$34,190,534
82$53,558,286$3,315,052$181,493$37,435,500
83$58,834,764$3,291,023$1,107$41,007,292
84$64,643,570$3,259,943$0$44,939,257
85$71,038,815$3,221,281$0$49,298,781
86$78,080,125$3,174,475$0$54,097,921
87$85,833,203$3,118,929$0$59,381,246
88$94,370,445$3,054,012$0$65,198,067
89$103,771,627$2,979,055$0$71,602,727
90$114,124,654$2,893,350$0$78,655,118
91$125,526,392$2,796,147$0$86,421,238
92$138,083,580$2,686,654$0$94,973,826
93$151,913,836$2,564,031$0$104,393,038
94$167,146,769$2,427,390$0$114,767,215
95$183,925,199$2,275,792$0$126,193,710
96$202,406,506$2,108,243$0$138,779,811
97$222,764,117$1,923,694$0$152,643,755
98$245,189,137$1,721,035$0$167,915,846
99$269,892,156$1,499,093$0$184,739,682
100$297,105,235$1,256,627$0$203,273,518