Can I retire at age 45 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$168,461$166,961$165,497$164,068$162,672$160,440
2 years$83,397$81,843$80,338$78,879$77,463$75,218
3 years$55,046$53,486$51,984$50,538$49,146$46,958
4 years$40,873$39,318$37,831$36,410$35,051$32,937
5 years$32,371$30,825$29,359$27,966$26,645$24,611
6 years$26,705$25,171$23,726$22,365$21,084$19,132
7 years$22,660$21,139$19,716$18,387$17,147$15,278
8 years$19,627$18,120$16,721$15,425$14,225$12,439
9 years$17,270$15,777$14,402$13,138$11,979$10,276
10 years$15,385$13,906$12,556$11,326$10,207$8,584
11 years$13,844$12,380$11,054$9,857$8,778$7,235
12 years$12,560$11,112$9,810$8,646$7,607$6,141
13 years$11,475$10,042$8,765$7,633$6,634$5,243
14 years$10,546$9,128$7,875$6,775$5,815$4,498
15 years$9,741$8,338$7,110$6,043$5,120$3,874
16 years$9,038$7,650$6,446$5,410$4,525$3,348
17 years$8,418$7,045$5,866$4,861$4,012$2,902
18 years$7,867$6,510$5,355$4,381$3,567$2,521
19 years$7,376$6,034$4,902$3,959$3,180$2,194
20 years$6,933$5,607$4,499$3,585$2,840$1,914
21 years$6,534$5,223$4,138$3,254$2,542$1,671
22 years$6,171$4,875$3,814$2,958$2,278$1,462
23 years$5,840$4,560$3,522$2,694$2,045$1,280
24 years$5,538$4,272$3,257$2,457$1,838$1,122
25 years$5,259$4,009$3,016$2,244$1,654$984
26 years$5,003$3,768$2,798$2,052$1,490$864
27 years$4,766$3,546$2,598$1,878$1,343$759
28 years$4,547$3,341$2,415$1,721$1,212$667
29 years$4,343$3,152$2,247$1,578$1,094$587
30 years$4,153$2,977$2,093$1,448$989$516
31 years$3,975$2,814$1,952$1,330$894$454
32 years$3,809$2,663$1,821$1,222$809$400
33 years$3,653$2,522$1,700$1,124$732$352
34 years$3,507$2,390$1,589$1,034$663$310
35 years$3,370$2,267$1,485$952$600$273
36 years$3,240$2,152$1,389$877$544$241
37 years$3,118$2,044$1,300$808$493$212
38 years$3,002$1,942$1,218$745$447$187
39 years$2,893$1,847$1,141$687$405$165
40 years$2,789$1,757$1,069$633$368$146
41 years$2,691$1,673$1,003$584$333$128
42 years$2,597$1,593$941$539$303$113
43 years$2,508$1,518$883$498$275$100
44 years$2,424$1,447$828$460$249$88
45 years$2,343$1,380$778$424$226$78
46 years$2,266$1,316$731$392$205$69
47 years$2,193$1,256$686$362$187$60
48 years$2,123$1,199$645$335$169$53
49 years$2,056$1,145$606$309$154$47
50 years$1,992$1,094$570$286$140$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,040,000, adding $5,039 every year, while hoping to spend $42,295 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: 57/17/26 Blend
44$2,040,000$2,040,000$2,040,000$2,040,000
45$2,253,278$2,145,158$2,113,538$2,365,458
46$2,438,111$2,205,269$2,139,340$2,502,986
47$2,640,379$2,266,908$2,164,588$2,647,922
48$2,861,816$2,330,105$2,189,221$2,805,014
49$3,104,332$2,394,891$2,213,170$2,975,450
50$3,370,028$2,461,295$2,236,366$3,160,536
51$3,661,221$2,529,348$2,258,734$3,361,713
52$3,980,460$2,599,081$2,280,196$3,580,567
53$4,330,554$2,670,523$2,300,670$3,818,845
54$4,714,596$2,743,705$2,320,068$4,078,473
55$5,135,994$2,818,655$2,338,300$4,361,571
56$5,598,501$2,895,404$2,355,268$4,670,477
57$6,106,250$2,973,981$2,370,871$5,007,766
58$6,663,796$3,054,415$2,385,004$5,376,274
59$7,276,155$3,136,733$2,397,553$5,779,127
60$7,948,852$3,220,963$2,408,401$6,219,771
61$8,687,977$3,307,132$2,417,424$6,702,000
62$9,500,235$3,395,266$2,424,493$7,229,998
63$10,393,016$3,485,390$2,429,469$7,808,373
64$11,374,458$3,577,528$2,432,211$8,442,205
65$12,453,530$3,671,704$2,432,568$9,137,089
66$13,640,111$3,767,940$2,430,380$9,899,195
67$14,945,089$3,866,255$2,425,484$10,735,318
68$16,380,455$3,966,668$2,417,705$11,652,950
69$17,959,424$4,069,198$2,406,861$12,660,344
70$19,696,555$4,173,858$2,392,760$13,766,598
71$21,607,889$4,280,663$2,375,203$14,981,737
72$23,711,101$4,389,623$2,353,980$16,316,808
73$26,025,666$4,500,747$2,328,871$17,783,988
74$28,573,042$4,614,042$2,299,646$19,396,693
75$31,376,872$4,729,509$2,266,064$21,169,712
76$34,463,208$4,847,150$2,227,872$23,119,342
77$37,860,756$4,966,961$2,184,806$25,263,541
78$41,601,146$5,088,936$2,136,591$27,622,105
79$45,719,232$5,213,062$2,082,935$30,216,844
80$50,253,418$5,339,327$2,023,538$33,071,800
81$55,246,022$5,467,709$1,958,082$36,213,466
82$60,743,674$5,598,184$1,886,235$39,671,039
83$66,797,757$5,730,724$1,807,652$43,476,696
84$73,464,891$5,865,292$1,721,971$47,665,899
85$80,807,466$6,001,847$1,628,814$52,277,730
86$88,894,232$6,140,342$1,527,783$57,355,258
87$97,800,947$6,280,722$1,418,468$62,945,951
88$107,611,091$6,422,926$1,300,434$69,102,117
89$118,416,655$6,566,882$1,173,231$75,881,407
90$130,319,008$6,712,513$1,036,388$83,347,354
91$143,429,851$6,859,731$889,412$91,569,976
92$157,872,278$7,008,439$731,789$100,626,437
93$173,781,928$7,158,531$562,982$110,601,774
94$191,308,273$7,309,887$382,430$121,589,705
95$210,616,024$7,462,378$189,548$133,693,513
96$231,886,686$7,615,862$0$147,027,017
97$255,320,272$7,770,183$0$161,720,177
98$281,137,189$7,925,173$0$177,963,121
99$309,580,322$8,080,645$0$195,855,739
100$340,917,318$8,236,400$0$215,566,117