Can I retire at age 45 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$178,371$176,782$175,232$173,719$172,241$167,399
2 years$88,302$86,658$85,064$83,519$82,020$77,178
3 years$58,283$56,632$55,042$53,511$52,037$47,347
4 years$43,277$41,630$40,057$38,552$37,113$32,612
5 years$34,275$32,639$31,085$29,611$28,213$23,912
6 years$28,276$26,652$25,122$23,681$22,324$18,228
7 years$23,993$22,382$20,876$19,469$18,155$14,264
8 years$20,782$19,186$17,705$16,332$15,061$11,373
9 years$18,286$16,705$15,249$13,911$12,684$9,194
10 years$16,290$14,724$13,294$11,992$10,807$7,512
11 years$14,658$13,108$11,704$10,436$9,295$6,189
12 years$13,299$11,765$10,387$9,154$8,055$5,132
13 years$12,150$10,632$9,280$8,082$7,024$4,278
14 years$11,166$9,664$8,338$7,174$6,157$3,581
15 years$10,314$8,829$7,528$6,398$5,421$3,008
16 years$9,570$8,100$6,826$5,729$4,791$2,534
17 years$8,913$7,460$6,211$5,147$4,248$2,140
18 years$8,330$6,893$5,670$4,639$3,777$1,811
19 years$7,809$6,389$5,191$4,191$3,367$1,535
20 years$7,341$5,937$4,764$3,796$3,007$1,303
21 years$6,918$5,530$4,382$3,445$2,691$1,107
22 years$6,534$5,162$4,038$3,133$2,412$942
23 years$6,184$4,828$3,729$2,853$2,165$802
24 years$5,863$4,523$3,448$2,602$1,946$683
25 years$5,569$4,245$3,194$2,376$1,751$582
26 years$5,297$3,990$2,962$2,173$1,578$497
27 years$5,047$3,755$2,751$1,989$1,422$424
28 years$4,814$3,538$2,557$1,822$1,283$362
29 years$4,598$3,338$2,380$1,671$1,159$309
30 years$4,397$3,152$2,216$1,533$1,047$264
31 years$4,209$2,980$2,066$1,408$947$225
32 years$4,033$2,819$1,928$1,294$856$193
33 years$3,868$2,670$1,800$1,190$775$165
34 years$3,713$2,531$1,682$1,095$702$141
35 years$3,568$2,400$1,573$1,008$636$120
36 years$3,431$2,278$1,471$928$576$103
37 years$3,301$2,164$1,377$855$522$88
38 years$3,179$2,056$1,289$788$473$75
39 years$3,063$1,955$1,208$727$429$64
40 years$2,953$1,860$1,132$671$389$55
41 years$2,849$1,771$1,062$619$353$47
42 years$2,750$1,687$996$571$320$40
43 years$2,656$1,607$935$527$291$34
44 years$2,566$1,532$877$487$264$29
45 years$2,481$1,461$824$449$240$25
46 years$2,400$1,393$774$415$218$22
47 years$2,322$1,330$727$384$198$18
48 years$2,248$1,269$683$354$179$16
49 years$2,177$1,212$642$328$163$13
50 years$2,109$1,158$604$303$148$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,160,000, adding $3,210 every year, while hoping to spend $51,341 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: 54/18/28 Blend
44$2,160,000$2,160,000$2,160,000$2,160,000
45$2,383,631$2,269,151$2,235,671$2,493,628
46$2,572,135$2,325,713$2,255,940$2,626,594
47$2,778,146$2,383,326$2,275,166$2,765,755
48$3,003,394$2,441,987$2,293,262$2,916,239
49$3,249,788$2,501,691$2,310,134$3,079,153
50$3,519,425$2,562,433$2,325,682$3,255,715
51$3,814,616$2,624,202$2,339,803$3,447,270
52$4,137,909$2,686,989$2,352,387$3,655,300
53$4,492,104$2,750,780$2,363,321$3,881,435
54$4,880,289$2,815,559$2,372,483$4,127,475
55$5,305,864$2,881,307$2,379,746$4,395,404
56$5,772,572$2,948,001$2,384,978$4,687,407
57$6,284,539$3,015,617$2,388,039$5,005,893
58$6,846,305$3,084,126$2,388,782$5,353,518
59$7,462,876$3,153,496$2,387,053$5,733,207
60$8,139,761$3,223,689$2,382,691$6,148,189
61$8,883,032$3,294,665$2,375,527$6,602,018
62$9,699,377$3,366,380$2,365,383$7,098,615
63$10,596,163$3,438,782$2,352,073$7,642,300
64$11,581,505$3,511,816$2,335,401$8,237,837
65$12,664,345$3,585,422$2,315,164$8,890,476
66$13,854,534$3,659,532$2,291,147$9,606,004
67$15,162,921$3,734,074$2,263,125$10,390,800
68$16,601,464$3,808,969$2,230,865$11,251,896
69$18,183,334$3,884,129$2,194,119$12,197,043
70$19,923,043$3,959,460$2,152,631$13,234,784
71$21,836,580$4,034,860$2,106,131$14,374,538
72$23,941,561$4,110,219$2,054,337$15,626,685
73$26,257,397$4,185,416$1,996,953$17,002,668
74$28,805,472$4,260,322$1,933,672$18,515,100
75$31,609,350$4,334,798$1,864,170$20,177,882
76$34,694,995$4,408,694$1,788,110$22,006,340
77$38,091,011$4,481,847$1,705,139$24,017,364
78$41,828,922$4,554,084$1,614,888$26,229,573
79$45,943,456$4,625,219$1,516,972$28,663,487
80$50,472,885$4,695,051$1,410,987$31,341,726
81$55,459,376$4,763,365$1,296,511$34,289,221
82$60,949,394$4,829,932$1,173,107$37,533,453
83$66,994,139$4,894,505$1,040,312$41,104,709
84$73,650,027$4,956,822$897,648$45,036,375
85$80,979,223$5,016,600$744,613$49,365,245
86$89,050,230$5,073,539$580,684$54,131,876
87$97,938,530$5,127,319$405,313$59,380,967
88$107,727,300$5,177,597$217,931$65,161,787
89$118,508,194$5,224,009$17,941$71,528,635
90$130,382,209$5,266,165$0$78,541,361
91$143,460,639$5,303,652$0$86,324,330
92$157,866,121$5,336,027$0$94,901,356
93$173,733,796$5,362,823$0$104,347,403
94$191,212,581$5,383,540$0$114,750,993
95$210,466,578$5,397,647$0$126,209,678
96$231,676,617$5,404,580$0$138,830,957
97$255,041,968$5,403,740$0$152,733,298
98$280,782,215$5,394,490$0$168,047,250
99$309,139,336$5,376,155$0$184,916,678
100$340,379,979$5,348,017$0$203,500,123