Can I retire at age 45 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$175,068$173,508$171,987$170,502$169,052$167,217
2 years$86,667$85,053$83,489$81,972$80,501$78,653
3 years$57,204$55,583$54,023$52,520$51,073$49,270
4 years$42,476$40,859$39,315$37,838$36,426$34,681
5 years$33,641$32,034$30,510$29,063$27,690$26,010
6 years$27,753$26,158$24,656$23,242$21,910$20,296
7 years$23,549$21,968$20,490$19,109$17,819$16,271
8 years$20,397$18,830$17,377$16,030$14,783$13,301
9 years$17,947$16,395$14,967$13,654$12,449$11,033
10 years$15,988$14,452$13,048$11,770$10,607$9,256
11 years$14,387$12,865$11,488$10,243$9,123$7,835
12 years$13,053$11,547$10,195$8,985$7,905$6,680
13 years$11,925$10,435$9,108$7,932$6,894$5,729
14 years$10,960$9,486$8,184$7,041$6,043$4,938
15 years$10,123$8,665$7,389$6,280$5,321$4,273
16 years$9,392$7,950$6,699$5,623$4,702$3,711
17 years$8,748$7,322$6,096$5,052$4,170$3,232
18 years$8,176$6,766$5,565$4,553$3,707$2,822
19 years$7,665$6,270$5,094$4,114$3,304$2,469
20 years$7,205$5,827$4,675$3,726$2,952$2,164
21 years$6,790$5,427$4,300$3,381$2,641$1,900
22 years$6,413$5,066$3,964$3,075$2,368$1,671
23 years$6,069$4,738$3,660$2,800$2,125$1,471
24 years$5,755$4,440$3,385$2,554$1,910$1,296
25 years$5,466$4,166$3,135$2,332$1,719$1,143
26 years$5,199$3,916$2,907$2,132$1,548$1,009
27 years$4,953$3,685$2,700$1,952$1,396$891
28 years$4,725$3,472$2,510$1,788$1,260$788
29 years$4,513$3,276$2,336$1,640$1,137$697
30 years$4,315$3,094$2,175$1,505$1,028$617
31 years$4,131$2,925$2,028$1,382$929$546
32 years$3,958$2,767$1,892$1,270$840$483
33 years$3,797$2,621$1,767$1,168$761$428
34 years$3,645$2,484$1,651$1,075$689$379
35 years$3,502$2,356$1,543$989$624$336
36 years$3,367$2,236$1,444$911$565$298
37 years$3,240$2,124$1,351$840$512$264
38 years$3,120$2,018$1,266$774$464$234
39 years$3,006$1,919$1,186$714$421$208
40 years$2,898$1,826$1,111$658$382$184
41 years$2,796$1,738$1,042$607$347$164
42 years$2,699$1,655$977$560$314$145
43 years$2,607$1,577$917$517$285$129
44 years$2,519$1,503$861$478$259$114
45 years$2,435$1,434$808$441$235$102
46 years$2,355$1,368$759$407$214$90
47 years$2,279$1,305$713$376$194$80
48 years$2,206$1,246$670$348$176$71
49 years$2,137$1,190$630$321$160$63
50 years$2,070$1,137$592$297$145$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,120,000, adding $5,292 every year, while hoping to spend $34,230 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: 47/31/22 Blend
44$2,120,000$2,120,000$2,120,000$2,120,000
45$2,341,699$2,229,339$2,196,479$2,436,847
46$2,544,132$2,302,156$2,233,640$2,576,776
47$2,766,065$2,377,394$2,270,900$2,724,743
48$3,009,453$2,455,135$2,308,224$2,884,654
49$3,276,445$2,535,465$2,345,577$3,057,642
50$3,569,412$2,618,472$2,382,923$3,244,954
51$3,890,962$2,704,247$2,420,222$3,447,963
52$4,243,971$2,792,886$2,457,430$3,668,180
53$4,631,605$2,884,486$2,494,502$3,907,265
54$5,057,352$2,979,150$2,531,392$4,167,048
55$5,525,055$3,076,981$2,568,046$4,449,541
56$6,038,947$3,178,089$2,604,412$4,756,962
57$6,603,692$3,282,588$2,640,432$5,091,748
58$7,224,427$3,390,593$2,676,045$5,456,584
59$7,906,812$3,502,226$2,711,187$5,854,428
60$8,657,084$3,617,612$2,745,788$6,288,535
61$9,482,112$3,736,881$2,779,778$6,762,488
62$10,389,467$3,860,167$2,813,080$7,280,235
63$11,387,487$3,987,610$2,845,613$7,846,123
64$12,485,362$4,119,354$2,877,292$8,464,938
65$13,693,215$4,255,548$2,908,027$9,141,952
66$15,022,201$4,396,348$2,937,724$9,882,972
67$16,484,610$4,541,914$2,966,282$10,694,392
68$18,093,984$4,692,412$2,993,597$11,583,258
69$19,865,245$4,848,015$3,019,557$12,557,328
70$21,814,833$5,008,901$3,044,045$13,625,149
71$23,960,865$5,175,255$3,066,939$14,796,137
72$26,323,300$5,347,270$3,088,109$16,080,663
73$28,924,134$5,525,144$3,107,418$17,490,153
74$31,787,603$5,709,083$3,124,724$19,037,195
75$34,940,412$5,899,301$3,139,875$20,735,656
76$38,411,987$6,096,020$3,152,714$22,600,812
77$42,234,754$6,299,469$3,163,074$24,649,496
78$46,444,442$6,509,887$3,170,781$26,900,252
79$51,080,424$6,727,520$3,175,651$29,373,510
80$56,186,083$6,952,624$3,177,491$32,091,780
81$61,809,226$7,185,466$3,176,100$35,079,865
82$68,002,533$7,426,320$3,171,265$38,365,089
83$74,824,054$7,675,471$3,162,764$41,977,564
84$82,337,755$7,933,217$3,150,365$45,950,462
85$90,614,126$8,199,865$3,133,822$50,320,338
86$99,730,841$8,475,732$3,112,879$55,127,468
87$109,773,494$8,761,151$3,087,268$60,416,232
88$120,836,407$9,056,463$3,056,707$66,235,529
89$133,023,516$9,362,025$3,020,903$72,639,243
90$146,449,356$9,678,206$2,979,545$79,686,745
91$161,240,142$10,005,390$2,932,311$87,443,458
92$177,534,956$10,343,973$2,878,863$95,981,472
93$195,487,063$10,694,369$2,818,846$105,380,223
94$215,265,356$11,057,007$2,751,890$115,727,242
95$237,055,952$11,432,329$2,677,608$127,118,983
96$261,063,945$11,820,799$2,595,594$139,661,731
97$287,515,344$12,222,894$2,505,422$153,472,605
98$316,659,206$12,639,113$2,406,651$168,680,663
99$348,769,987$13,069,972$2,298,816$185,428,119
100$384,150,131$13,516,006$2,181,432$203,871,686