Can I retire at age 45 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$170,113$168,598$167,119$165,676$164,267$158,376
2 years$84,214$82,646$81,126$79,652$78,223$72,351
3 years$55,585$54,010$52,494$51,034$49,628$43,960
4 years$41,273$39,703$38,202$36,767$35,395$29,975
5 years$32,689$31,128$29,646$28,241$26,907$21,748
6 years$26,967$25,418$23,959$22,584$21,290$16,397
7 years$22,882$21,346$19,910$18,568$17,315$12,686
8 years$19,820$18,298$16,885$15,576$14,364$9,996
9 years$17,439$15,931$14,543$13,267$12,097$7,983
10 years$15,536$14,043$12,679$11,437$10,307$6,441
11 years$13,980$12,501$11,162$9,953$8,864$5,238
12 years$12,684$11,221$9,906$8,730$7,682$4,286
13 years$11,588$10,140$8,851$7,708$6,699$3,525
14 years$10,649$9,217$7,952$6,842$5,872$2,910
15 years$9,837$8,420$7,180$6,102$5,170$2,410
16 years$9,127$7,725$6,510$5,463$4,569$2,001
17 years$8,501$7,115$5,924$4,909$4,052$1,666
18 years$7,945$6,574$5,407$4,424$3,602$1,389
19 years$7,448$6,093$4,950$3,997$3,211$1,159
20 years$7,001$5,662$4,543$3,620$2,868$969
21 years$6,598$5,274$4,179$3,286$2,567$811
22 years$6,231$4,923$3,851$2,987$2,301$679
23 years$5,897$4,604$3,556$2,721$2,065$569
24 years$5,592$4,314$3,289$2,481$1,856$477
25 years$5,311$4,048$3,046$2,266$1,670$400
26 years$5,052$3,805$2,825$2,072$1,505$336
27 years$4,813$3,581$2,623$1,897$1,356$282
28 years$4,591$3,374$2,439$1,738$1,224$237
29 years$4,385$3,183$2,269$1,594$1,105$199
30 years$4,193$3,006$2,114$1,462$999$167
31 years$4,014$2,842$1,971$1,343$903$140
32 years$3,846$2,689$1,839$1,234$817$118
33 years$3,689$2,546$1,717$1,135$739$99
34 years$3,542$2,413$1,604$1,044$669$83
35 years$3,403$2,289$1,500$961$606$70
36 years$3,272$2,173$1,403$885$549$59
37 years$3,148$2,064$1,313$816$498$50
38 years$3,032$1,961$1,230$752$451$42
39 years$2,921$1,865$1,152$693$409$35
40 years$2,816$1,774$1,080$640$371$29
41 years$2,717$1,689$1,013$590$337$25
42 years$2,623$1,608$950$545$306$21
43 years$2,533$1,533$891$503$277$18
44 years$2,448$1,461$837$464$252$15
45 years$2,366$1,393$786$429$228$12
46 years$2,289$1,329$738$396$207$10
47 years$2,215$1,268$693$366$188$9
48 years$2,144$1,211$651$338$171$7
49 years$2,076$1,156$612$312$155$6
50 years$2,011$1,104$576$289$141$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,060,000, adding $6,144 every year, while hoping to spend $32,822 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: 67/13/20 Blend
44$2,060,000$2,060,000$2,060,000$2,060,000
45$2,276,458$2,167,278$2,135,348$2,417,212
46$2,473,734$2,238,552$2,171,959$2,583,515
47$2,690,032$2,312,218$2,208,698$2,760,946
48$2,927,258$2,388,360$2,245,532$2,954,189
49$3,187,511$2,467,062$2,282,430$3,164,799
50$3,473,103$2,548,413$2,319,356$3,394,487
51$3,786,579$2,632,505$2,356,274$3,645,139
52$4,130,745$2,719,433$2,393,145$3,918,831
53$4,508,691$2,809,296$2,429,925$4,217,849
54$4,923,821$2,902,194$2,466,571$4,544,710
55$5,379,884$2,998,236$2,503,035$4,902,189
56$5,881,012$3,097,528$2,539,266$5,293,339
57$6,431,754$3,200,186$2,575,210$5,721,526
58$7,037,125$3,306,328$2,610,812$6,190,455
59$7,702,648$3,416,073$2,646,010$6,704,208
60$8,434,407$3,529,551$2,680,741$7,267,283
61$9,239,108$3,646,890$2,714,937$7,884,634
62$10,124,137$3,768,227$2,748,527$8,561,719
63$11,097,632$3,893,703$2,781,436$9,304,549
64$12,168,560$4,023,464$2,813,583$10,119,750
65$13,346,799$4,157,660$2,844,884$11,014,619
66$14,643,236$4,296,449$2,875,252$11,997,195
67$16,069,865$4,439,993$2,904,591$13,076,338
68$17,639,899$4,588,461$2,932,803$14,261,807
69$19,367,901$4,742,028$2,959,783$15,564,355
70$21,269,913$4,900,874$2,985,423$16,995,832
71$23,363,616$5,065,188$3,009,606$18,569,290
72$25,668,487$5,235,165$3,032,210$20,299,116
73$28,205,991$5,411,006$3,053,108$22,201,156
74$30,999,780$5,592,923$3,072,164$24,292,876
75$34,075,913$5,781,132$3,089,238$26,593,517
76$37,463,108$5,975,859$3,104,179$29,124,281
77$41,193,007$6,177,339$3,116,831$31,908,533
78$45,300,479$6,385,813$3,127,030$34,972,016
79$49,823,945$6,601,536$3,134,603$38,343,097
80$54,805,744$6,824,767$3,139,369$42,053,035
81$60,292,528$7,055,779$3,141,136$46,136,273
82$66,335,708$7,294,854$3,139,705$50,630,766
83$72,991,932$7,542,283$3,134,867$55,578,338
84$80,323,625$7,798,371$3,126,401$61,025,075
85$88,399,576$8,063,433$3,114,077$67,021,763
86$97,295,586$8,337,795$3,097,653$73,624,363
87$107,095,187$8,621,798$3,076,875$80,894,544
88$117,890,423$8,915,793$3,051,477$88,900,261
89$129,782,726$9,220,147$3,021,182$97,716,396
90$142,883,870$9,535,240$2,985,697$107,425,470
91$157,317,025$9,861,467$2,944,718$118,118,413
92$173,217,920$10,199,237$2,897,925$129,895,431
93$190,736,125$10,548,977$2,844,982$142,866,946
94$210,036,462$10,911,129$2,785,541$157,154,641
95$231,300,558$11,286,151$2,719,233$172,892,607
96$254,728,563$11,674,521$2,645,676$190,228,607
97$280,541,039$12,076,734$2,564,469$209,325,477
98$308,981,037$12,493,307$2,475,191$230,362,655
99$340,316,397$12,924,773$2,377,403$253,537,880
100$374,842,271$13,371,688$2,270,648$279,069,057