Can I retire at age 45 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$176,719$175,145$173,609$172,110$170,647$169,429
2 years$87,485$85,855$84,276$82,745$81,260$80,033
3 years$57,744$56,107$54,532$53,016$51,555$50,355
4 years$42,876$41,245$39,686$38,195$36,769$35,607
5 years$33,958$32,337$30,798$29,337$27,951$26,829
6 years$28,015$26,405$24,889$23,461$22,117$21,037
7 years$23,771$22,175$20,683$19,289$17,987$16,949
8 years$20,590$19,008$17,541$16,181$14,922$13,927
9 years$18,116$16,550$15,108$13,783$12,567$11,613
10 years$16,139$14,588$13,171$11,881$10,707$9,796
11 years$14,522$12,987$11,596$10,340$9,209$8,338
12 years$13,176$11,656$10,291$9,069$7,980$7,150
13 years$12,038$10,534$9,194$8,007$6,959$6,168
14 years$11,063$9,575$8,261$7,108$6,100$5,348
15 years$10,219$8,747$7,459$6,339$5,371$4,656
16 years$9,481$8,025$6,762$5,676$4,747$4,068
17 years$8,831$7,391$6,154$5,100$4,209$3,565
18 years$8,253$6,829$5,617$4,596$3,742$3,133
19 years$7,737$6,330$5,142$4,153$3,336$2,759
20 years$7,273$5,882$4,719$3,761$2,979$2,435
21 years$6,854$5,479$4,341$3,413$2,666$2,152
22 years$6,473$5,114$4,001$3,104$2,390$1,905
23 years$6,127$4,783$3,694$2,826$2,145$1,688
24 years$5,809$4,481$3,416$2,578$1,928$1,498
25 years$5,517$4,206$3,164$2,354$1,735$1,331
26 years$5,248$3,953$2,935$2,153$1,563$1,183
27 years$5,000$3,720$2,725$1,970$1,409$1,052
28 years$4,770$3,505$2,533$1,805$1,271$937
29 years$4,556$3,307$2,358$1,655$1,148$835
30 years$4,356$3,123$2,196$1,519$1,037$744
31 years$4,170$2,952$2,047$1,395$938$663
32 years$3,996$2,793$1,910$1,282$848$592
33 years$3,832$2,645$1,783$1,179$768$528
34 years$3,679$2,507$1,666$1,085$695$472
35 years$3,535$2,378$1,558$999$630$421
36 years$3,399$2,257$1,457$920$570$376
37 years$3,271$2,144$1,364$848$517$336
38 years$3,149$2,037$1,277$781$469$300
39 years$3,034$1,937$1,197$720$425$268
40 years$2,926$1,843$1,122$664$386$240
41 years$2,823$1,754$1,052$613$350$215
42 years$2,725$1,671$987$566$317$192
43 years$2,631$1,592$926$522$288$172
44 years$2,543$1,518$869$482$261$154
45 years$2,458$1,447$816$445$237$137
46 years$2,377$1,381$766$411$216$123
47 years$2,301$1,317$720$380$196$110
48 years$2,227$1,258$677$351$178$98
49 years$2,157$1,201$636$325$161$88
50 years$2,089$1,147$598$300$147$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,140,000, adding $2,810 every year, while hoping to spend $22,856 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: 54/27/19 Blend
44$2,140,000$2,140,000$2,140,000$2,140,000
45$2,361,179$2,247,759$2,214,589$2,476,374
46$2,577,700$2,333,580$2,264,459$2,641,354
47$2,815,541$2,422,841$2,315,233$2,818,197
48$3,076,851$2,515,685$2,366,919$3,010,202
49$3,364,000$2,612,264$2,419,521$3,218,823
50$3,679,598$2,712,734$2,473,044$3,445,658
51$4,026,519$2,817,260$2,527,493$3,692,465
52$4,407,931$2,926,014$2,582,872$3,961,180
53$4,827,325$3,039,174$2,639,183$4,253,929
54$5,288,546$3,156,926$2,696,429$4,573,056
55$5,795,829$3,279,467$2,754,611$4,921,135
56$6,353,842$3,407,000$2,813,729$5,301,003
57$6,967,728$3,539,737$2,873,783$5,715,780
58$7,643,153$3,677,901$2,934,771$6,168,900
59$8,386,360$3,821,723$2,996,692$6,664,145
60$9,204,227$3,971,446$3,059,539$7,205,674
61$10,104,335$4,127,323$3,123,310$7,798,070
62$11,095,033$4,289,619$3,187,998$8,446,375
63$12,185,525$4,458,608$3,253,594$9,156,143
64$13,385,949$4,634,580$3,320,090$9,933,486
65$14,707,478$4,817,836$3,387,474$10,785,137
66$16,162,421$5,008,691$3,455,735$11,718,507
67$17,764,344$5,207,473$3,524,859$12,741,761
68$19,528,195$5,414,527$3,594,829$13,863,886
69$21,470,442$5,630,210$3,665,627$15,094,782
70$23,609,235$5,854,899$3,737,234$16,445,351
71$25,964,573$6,088,984$3,809,627$17,927,602
72$28,558,492$6,332,877$3,882,782$19,554,758
73$31,415,274$6,587,004$3,956,671$21,341,386
74$34,561,679$6,851,814$4,031,267$23,303,531
75$38,027,192$7,127,775$4,106,536$25,458,865
76$41,844,304$7,415,374$4,182,443$27,826,854
77$46,048,818$7,715,123$4,258,950$30,428,944
78$50,680,190$8,027,557$4,336,018$33,288,754
79$55,781,895$8,353,233$4,413,600$36,432,307
80$61,401,843$8,692,735$4,491,650$39,888,268
81$67,592,826$9,046,674$4,570,115$43,688,216
82$74,413,021$9,415,688$4,648,941$47,866,942
83$81,926,537$9,800,444$4,728,068$52,462,771
84$90,204,018$10,201,640$4,807,432$57,517,930
85$99,323,312$10,620,005$4,886,966$63,078,937
86$109,370,207$11,056,303$4,966,596$69,197,044
87$120,439,237$11,511,330$5,046,246$75,928,718
88$132,634,575$11,985,921$5,125,831$83,336,170
89$146,071,020$12,480,950$5,205,265$91,487,945
90$160,875,075$12,997,328$5,284,453$100,459,563
91$177,186,146$13,536,010$5,363,295$110,334,231
92$195,157,853$14,097,994$5,441,685$121,203,630
93$214,959,484$14,684,326$5,519,512$133,168,771
94$236,777,590$15,296,097$5,596,654$146,340,956
95$260,817,749$15,934,450$5,672,987$160,842,817
96$287,306,502$16,600,581$5,748,375$176,809,477
97$316,493,497$17,295,741$5,822,677$194,389,824
98$348,653,839$18,021,238$5,895,742$213,747,909
99$384,090,694$18,778,442$5,967,413$235,064,496
100$423,138,144$19,568,785$6,037,520$258,538,764