Can I retire at age 45 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$179,197$177,600$176,043$174,523$173,039$168,650
2 years$88,711$87,059$85,458$83,905$82,399$78,007
3 years$58,553$56,894$55,297$53,759$52,278$48,018
4 years$43,477$41,823$40,242$38,730$37,285$33,191
5 years$34,434$32,790$31,229$29,749$28,343$24,427
6 years$28,407$26,775$25,238$23,790$22,427$18,691
7 years$24,104$22,486$20,973$19,559$18,239$14,685
8 years$20,878$19,275$17,787$16,408$15,131$11,757
9 years$18,370$16,782$15,320$13,976$12,743$9,545
10 years$16,365$14,793$13,356$12,047$10,857$7,833
11 years$14,726$13,169$11,758$10,485$9,338$6,482
12 years$13,361$11,820$10,435$9,196$8,092$5,399
13 years$12,207$10,682$9,323$8,119$7,056$4,522
14 years$11,218$9,709$8,377$7,207$6,185$3,804
15 years$10,362$8,870$7,563$6,428$5,446$3,211
16 years$9,614$8,138$6,857$5,755$4,813$2,719
17 years$8,954$7,494$6,240$5,171$4,268$2,308
18 years$8,369$6,925$5,696$4,660$3,795$1,963
19 years$7,846$6,418$5,215$4,211$3,382$1,673
20 years$7,375$5,964$4,786$3,814$3,021$1,427
21 years$6,950$5,555$4,402$3,461$2,704$1,219
22 years$6,564$5,186$4,057$3,147$2,423$1,043
23 years$6,212$4,850$3,746$2,866$2,175$893
24 years$5,890$4,544$3,464$2,614$1,955$765
25 years$5,595$4,265$3,209$2,387$1,759$656
26 years$5,322$4,008$2,976$2,183$1,585$562
27 years$5,070$3,772$2,763$1,998$1,429$483
28 years$4,836$3,554$2,569$1,831$1,289$414
29 years$4,619$3,353$2,391$1,679$1,164$356
30 years$4,417$3,167$2,227$1,541$1,052$306
31 years$4,228$2,994$2,076$1,415$951$263
32 years$4,052$2,832$1,937$1,300$860$226
33 years$3,886$2,682$1,808$1,196$779$194
34 years$3,731$2,542$1,690$1,100$705$167
35 years$3,584$2,411$1,580$1,013$638$143
36 years$3,446$2,289$1,478$933$578$123
37 years$3,316$2,174$1,383$859$524$106
38 years$3,193$2,066$1,295$792$475$91
39 years$3,077$1,964$1,214$730$431$78
40 years$2,967$1,869$1,138$674$391$68
41 years$2,862$1,779$1,067$622$355$58
42 years$2,763$1,694$1,001$574$322$50
43 years$2,668$1,614$939$530$292$43
44 years$2,578$1,539$881$489$265$37
45 years$2,493$1,467$827$452$241$32
46 years$2,411$1,400$777$417$219$27
47 years$2,333$1,336$730$385$198$24
48 years$2,258$1,275$686$356$180$20
49 years$2,187$1,218$645$329$164$17
50 years$2,119$1,163$606$304$149$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,170,000, adding $4,888 every year, while hoping to spend $40,049 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: 77/7/16 Blend
44$2,170,000$2,170,000$2,170,000$2,170,000
45$2,396,382$2,281,372$2,247,737$2,572,193
46$2,598,201$2,350,547$2,280,424$2,758,091
47$2,819,264$2,421,770$2,312,864$2,956,382
48$3,061,490$2,495,098$2,345,007$3,172,741
49$3,326,995$2,570,591$2,376,798$3,408,958
50$3,618,108$2,648,310$2,408,180$3,667,005
51$3,937,396$2,728,318$2,439,095$3,949,053
52$4,287,683$2,810,678$2,469,478$4,257,494
53$4,672,083$2,895,458$2,499,261$4,594,964
54$5,094,024$2,982,724$2,528,375$4,964,366
55$5,557,283$3,072,546$2,556,744$5,368,897
56$6,066,020$3,164,994$2,584,289$5,812,078
57$6,624,817$3,260,142$2,610,926$6,297,792
58$7,238,724$3,358,065$2,636,567$6,830,311
59$7,913,302$3,458,838$2,661,120$7,414,348
60$8,654,678$3,562,540$2,684,487$8,055,089
61$9,469,602$3,669,252$2,706,564$8,758,252
62$10,365,511$3,779,055$2,727,244$9,530,136
63$11,350,598$3,892,033$2,746,412$10,377,680
64$12,433,890$4,008,274$2,763,947$11,308,530
65$13,625,332$4,127,864$2,779,725$12,331,112
66$14,935,881$4,250,895$2,793,611$13,454,707
67$16,377,611$4,377,459$2,805,466$14,689,544
68$17,963,822$4,507,649$2,815,144$16,046,893
69$19,709,171$4,641,563$2,822,491$17,539,171
70$21,629,807$4,779,300$2,827,345$19,180,063
71$23,743,522$4,920,960$2,829,535$20,984,646
72$26,069,921$5,066,647$2,828,885$22,969,534
73$28,630,606$5,216,467$2,825,206$25,153,033
74$31,449,381$5,370,526$2,818,303$27,555,318
75$34,552,472$5,528,936$2,807,970$30,198,618
76$37,968,778$5,691,808$2,793,992$33,107,427
77$41,730,144$5,859,258$2,776,141$36,308,738
78$45,871,660$6,031,402$2,754,183$39,832,295
79$50,431,988$6,208,359$2,727,867$43,710,875
80$55,453,734$6,390,253$2,696,934$47,980,595
81$60,983,846$6,577,206$2,661,112$52,681,257
82$67,074,055$6,769,346$2,620,116$57,856,719
83$73,781,366$6,966,801$2,573,647$63,555,314
84$81,168,593$7,169,702$2,521,392$69,830,299
85$89,304,956$7,378,184$2,463,025$76,740,367
86$98,266,729$7,592,382$2,398,204$84,350,192
87$108,137,961$7,812,435$2,326,570$92,731,046
88$119,011,272$8,038,484$2,247,749$101,961,469
89$130,988,723$8,270,670$2,161,350$112,128,009
90$144,182,781$8,509,141$2,066,963$123,326,042
91$158,717,378$8,754,042$1,964,159$135,660,671
92$174,729,085$9,005,524$1,852,493$149,247,719
93$192,368,395$9,263,739$1,731,495$164,214,821
94$211,801,149$9,528,840$1,600,678$180,702,628
95$233,210,096$9,800,983$1,459,531$198,866,139
96$256,796,621$10,080,326$1,307,519$218,876,159
97$282,782,642$10,367,028$1,144,087$240,920,918
98$311,412,710$10,661,250$968,652$265,207,840
99$342,956,311$10,963,156$780,607$291,965,509
100$377,710,413$11,272,910$579,316$321,445,822