Can I retire at age 45 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$170,939$169,416$167,930$166,481$165,065$160,813
2 years$84,623$83,047$81,520$80,039$78,602$74,347
3 years$55,855$54,272$52,749$51,282$49,868$45,743
4 years$41,474$39,896$38,387$36,945$35,567$31,603
5 years$32,847$31,279$29,790$28,378$27,037$23,245
6 years$27,098$25,541$24,075$22,694$21,394$17,778
7 years$22,993$21,450$20,006$18,658$17,399$13,959
8 years$19,916$18,386$16,967$15,652$14,434$11,169
9 years$17,524$16,009$14,614$13,332$12,155$9,063
10 years$15,611$14,111$12,741$11,492$10,357$7,432
11 years$14,047$12,562$11,217$10,002$8,907$6,146
12 years$12,745$11,275$9,954$8,773$7,719$5,117
13 years$11,644$10,189$8,894$7,745$6,731$4,282
14 years$10,701$9,262$7,991$6,875$5,900$3,600
15 years$9,885$8,461$7,215$6,131$5,195$3,037
16 years$9,171$7,763$6,541$5,490$4,592$2,569
17 years$8,542$7,149$5,952$4,933$4,071$2,179
18 years$7,983$6,606$5,434$4,445$3,620$1,852
19 years$7,484$6,122$4,974$4,017$3,226$1,577
20 years$7,035$5,689$4,565$3,638$2,882$1,345
21 years$6,630$5,299$4,199$3,302$2,579$1,148
22 years$6,262$4,947$3,870$3,002$2,312$981
23 years$5,926$4,627$3,573$2,734$2,075$839
24 years$5,619$4,335$3,305$2,494$1,865$718
25 years$5,337$4,068$3,061$2,277$1,678$615
26 years$5,077$3,823$2,839$2,082$1,512$527
27 years$4,836$3,598$2,636$1,906$1,363$452
28 years$4,614$3,391$2,451$1,746$1,230$388
29 years$4,407$3,199$2,280$1,601$1,111$333
30 years$4,214$3,021$2,124$1,470$1,003$286
31 years$4,034$2,856$1,980$1,350$907$245
32 years$3,865$2,702$1,848$1,240$821$211
33 years$3,707$2,559$1,725$1,141$743$181
34 years$3,559$2,425$1,612$1,050$672$155
35 years$3,419$2,300$1,507$966$609$133
36 years$3,288$2,183$1,410$890$552$115
37 years$3,164$2,074$1,320$820$500$99
38 years$3,046$1,971$1,236$756$453$85
39 years$2,935$1,874$1,158$697$411$73
40 years$2,830$1,783$1,085$643$373$63
41 years$2,730$1,697$1,017$593$338$54
42 years$2,635$1,616$954$547$307$46
43 years$2,545$1,540$896$505$279$40
44 years$2,459$1,468$841$466$253$34
45 years$2,378$1,400$789$431$230$29
46 years$2,300$1,335$741$398$208$25
47 years$2,225$1,274$697$368$189$22
48 years$2,154$1,217$655$340$172$19
49 years$2,086$1,162$615$314$156$16
50 years$2,021$1,110$578$290$142$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,070,000, adding $5,878 every year, while hoping to spend $46,546 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: 74/20/6 Blend
44$2,070,000$2,070,000$2,070,000$2,070,000
45$2,287,203$2,177,493$2,145,408$2,454,514
46$2,470,973$2,234,666$2,167,755$2,622,608
47$2,671,928$2,293,080$2,189,290$2,800,209
48$2,891,771$2,352,747$2,209,937$2,993,425
49$3,132,378$2,413,678$2,229,617$3,203,784
50$3,395,815$2,475,882$2,248,243$3,432,967
51$3,684,356$2,539,369$2,265,727$3,682,824
52$4,000,507$2,604,144$2,281,976$3,955,395
53$4,347,026$2,670,215$2,296,889$4,252,925
54$4,726,951$2,737,584$2,310,364$4,577,886
55$5,143,630$2,806,256$2,322,291$4,933,000
56$5,600,748$2,876,230$2,332,555$5,321,268
57$6,102,364$2,947,505$2,341,036$5,745,991
58$6,652,951$3,020,079$2,347,607$6,210,809
59$7,257,435$3,093,945$2,352,134$6,719,728
60$7,921,241$3,169,096$2,354,478$7,277,165
61$8,650,347$3,245,521$2,354,493$7,887,981
62$9,451,338$3,323,207$2,352,024$8,557,536
63$10,331,468$3,402,138$2,346,910$9,291,730
64$11,298,727$3,482,292$2,338,981$10,097,066
65$12,361,921$3,563,648$2,328,061$10,980,709
66$13,530,749$3,646,179$2,313,962$11,950,550
67$14,815,896$3,729,852$2,296,491$13,015,287
68$16,229,136$3,814,633$2,275,442$14,184,499
69$17,783,440$3,900,483$2,250,601$15,468,743
70$19,493,099$3,987,355$2,221,745$16,879,650
71$21,373,860$4,075,200$2,188,638$18,430,036
72$23,443,071$4,163,962$2,151,034$20,134,022
73$25,719,847$4,253,579$2,108,677$22,007,168
74$28,225,250$4,343,983$2,061,297$24,066,618
75$30,982,487$4,435,100$2,008,611$26,331,263
76$34,017,127$4,526,846$1,950,326$28,821,920
77$37,357,345$4,619,133$1,886,133$31,561,528
78$41,034,185$4,711,861$1,815,710$34,575,361
79$45,081,854$4,804,924$1,738,718$37,891,272
80$49,538,044$4,898,206$1,654,806$41,539,952
81$54,444,288$4,991,581$1,563,605$45,555,221
82$59,846,349$5,084,913$1,464,729$49,974,346
83$65,794,656$5,178,053$1,357,777$54,838,396
84$72,344,775$5,270,842$1,242,327$60,192,625
85$79,557,937$5,363,108$1,117,940$66,086,901
86$87,501,613$5,454,666$984,157$72,576,179
87$96,250,150$5,545,317$840,498$79,721,017
88$105,885,473$5,634,846$686,463$87,588,147
89$116,497,861$5,723,023$521,529$96,251,110
90$128,186,792$5,809,600$345,150$105,790,943
91$141,061,888$5,894,314$156,756$116,296,950
92$155,243,945$5,976,880$0$127,867,542
93$170,866,075$6,056,994$0$140,614,002
94$188,074,960$6,134,333$0$154,663,899
95$207,032,239$6,208,548$0$170,138,926
96$227,916,030$6,279,269$0$187,184,257
97$250,922,612$6,346,100$0$205,959,872
98$276,268,279$6,408,620$0$226,642,065
99$304,191,378$6,466,377$0$249,425,109
100$334,954,560$6,518,891$0$274,523,091