Can I retire at age 45 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$169,287$167,779$166,308$164,872$163,470$160,762
2 years$83,805$82,245$80,732$79,265$77,843$75,122
3 years$55,315$53,748$52,239$50,786$49,387$46,739
4 years$41,073$39,510$38,017$36,589$35,223$32,668
5 years$32,530$30,977$29,502$28,104$26,776$24,321
6 years$26,836$25,295$23,842$22,475$21,187$18,834
7 years$22,771$21,242$19,813$18,478$17,231$14,982
8 years$19,724$18,209$16,803$15,500$14,294$12,149
9 years$17,355$15,854$14,472$13,203$12,038$9,994
10 years$15,460$13,974$12,617$11,381$10,257$8,314
11 years$13,912$12,441$11,108$9,905$8,821$6,976
12 years$12,622$11,166$9,858$8,688$7,644$5,895
13 years$11,532$10,091$8,808$7,670$6,666$5,010
14 years$10,598$9,172$7,914$6,809$5,843$4,278
15 years$9,789$8,379$7,145$6,072$5,145$3,667
16 years$9,082$7,688$6,478$5,437$4,547$3,153
17 years$8,459$7,080$5,895$4,885$4,032$2,719
18 years$7,906$6,542$5,381$4,402$3,585$2,351
19 years$7,412$6,063$4,926$3,978$3,195$2,036
20 years$6,967$5,634$4,521$3,603$2,854$1,766
21 years$6,566$5,248$4,158$3,270$2,554$1,534
22 years$6,201$4,899$3,833$2,973$2,289$1,335
23 years$5,869$4,582$3,539$2,708$2,055$1,162
24 years$5,565$4,293$3,273$2,469$1,847$1,013
25 years$5,285$4,029$3,031$2,255$1,662$884
26 years$5,028$3,786$2,811$2,062$1,497$772
27 years$4,790$3,563$2,611$1,887$1,350$674
28 years$4,569$3,358$2,427$1,729$1,218$589
29 years$4,364$3,168$2,258$1,586$1,100$515
30 years$4,173$2,992$2,104$1,455$994$451
31 years$3,995$2,828$1,961$1,337$898$394
32 years$3,828$2,676$1,830$1,228$813$345
33 years$3,671$2,534$1,708$1,130$736$302
34 years$3,524$2,402$1,596$1,039$666$265
35 years$3,386$2,278$1,492$957$603$232
36 years$3,256$2,162$1,396$881$546$203
37 years$3,133$2,054$1,307$812$495$178
38 years$3,017$1,952$1,224$748$449$156
39 years$2,907$1,856$1,146$690$407$137
40 years$2,803$1,766$1,075$636$369$120
41 years$2,704$1,681$1,008$587$335$105
42 years$2,610$1,601$945$542$304$92
43 years$2,521$1,525$887$500$276$81
44 years$2,436$1,454$833$462$250$71
45 years$2,355$1,386$782$427$227$62
46 years$2,277$1,322$734$394$206$54
47 years$2,204$1,262$690$364$187$48
48 years$2,133$1,205$648$336$170$42
49 years$2,066$1,150$609$311$155$37
50 years$2,002$1,099$573$287$140$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,050,000, adding $5,324 every year, while hoping to spend $45,498 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: 59/20/21 Blend
44$2,050,000$2,050,000$2,050,000$2,050,000
45$2,264,592$2,155,942$2,124,167$2,385,304
46$2,447,171$2,213,173$2,146,917$2,525,109
47$2,646,848$2,271,684$2,168,904$2,672,100
48$2,865,319$2,331,490$2,190,055$2,831,405
49$3,104,451$2,392,603$2,210,292$3,004,223
50$3,366,302$2,455,037$2,229,533$3,191,876
51$3,653,135$2,518,804$2,247,693$3,395,822
52$3,967,444$2,583,915$2,264,680$3,617,664
53$4,311,976$2,650,380$2,280,400$3,859,169
54$4,689,756$2,718,206$2,294,751$4,122,285
55$5,104,115$2,787,402$2,307,629$4,409,156
56$5,558,723$2,857,973$2,318,923$4,722,145
57$6,057,621$2,929,922$2,328,516$5,063,855
58$6,605,262$3,003,252$2,336,285$5,437,156
59$7,206,550$3,077,963$2,342,101$5,845,209
60$7,866,888$3,154,052$2,345,831$6,291,496
61$8,592,225$3,231,516$2,347,331$6,779,855
62$9,389,119$3,310,347$2,346,454$7,314,515
63$10,264,791$3,390,536$2,343,042$7,900,135
64$11,227,199$3,472,071$2,336,933$8,541,853
65$12,285,107$3,554,936$2,327,954$9,245,325
66$13,448,173$3,639,113$2,315,925$10,016,788
67$14,727,036$3,724,579$2,300,658$10,863,115
68$16,133,418$3,811,308$2,281,955$11,791,878
69$17,680,234$3,899,270$2,259,608$12,811,424
70$19,381,714$3,988,430$2,233,401$13,930,950
71$21,253,535$4,078,749$2,203,105$15,160,591
72$23,312,970$4,170,182$2,168,484$16,511,518
73$25,579,052$4,262,680$2,129,288$17,996,042
74$28,072,752$4,356,188$2,085,255$19,627,728
75$30,817,175$4,450,643$2,036,113$21,421,528
76$33,837,780$4,545,979$1,981,577$23,393,919
77$37,162,621$4,642,119$1,921,347$25,563,060
78$40,822,608$4,738,982$1,855,111$27,948,964
79$44,851,799$4,836,477$1,782,543$30,573,685
80$49,287,724$4,934,506$1,703,300$33,461,529
81$54,171,736$5,032,962$1,617,025$36,639,285
82$59,549,403$5,131,726$1,523,344$40,136,473
83$65,470,934$5,230,673$1,421,868$43,985,628
84$71,991,657$5,329,664$1,312,189$48,222,606
85$79,172,539$5,428,550$1,193,880$52,886,922
86$87,080,760$5,527,170$1,066,497$58,022,126
87$95,790,346$5,625,351$929,573$63,676,212
88$105,382,872$5,722,903$782,624$69,902,073
89$115,948,225$5,819,626$625,143$76,758,000
90$127,585,458$5,915,302$456,599$84,308,235
91$140,403,720$6,009,697$276,440$92,623,575
92$154,523,288$6,102,561$84,090$101,782,046
93$170,076,701$6,193,624$0$111,869,635
94$187,210,011$6,282,598$0$123,008,258
95$206,084,162$6,369,175$0$135,297,071
96$226,876,507$6,453,024$0$148,832,453
97$249,782,480$6,533,793$0$163,741,398
98$275,017,447$6,611,103$0$180,163,850
99$302,818,731$6,684,551$0$198,254,027
100$333,447,856$6,753,708$0$218,181,875