Can I retire at age 45 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$180,848$179,237$177,666$176,132$174,634$168,773
2 years$89,529$87,861$86,245$84,679$83,159$77,313
3 years$59,093$57,418$55,807$54,254$52,759$47,111
4 years$43,878$42,209$40,613$39,087$37,628$32,220
5 years$34,751$33,092$31,517$30,023$28,605$23,452
6 years$28,669$27,022$25,471$24,009$22,634$17,740
7 years$24,326$22,693$21,166$19,739$18,407$13,772
8 years$21,071$19,452$17,951$16,559$15,271$10,891
9 years$18,540$16,937$15,461$14,105$12,860$8,730
10 years$16,516$14,929$13,479$12,158$10,957$7,070
11 years$14,862$13,290$11,867$10,581$9,424$5,772
12 years$13,484$11,929$10,531$9,281$8,166$4,742
13 years$12,319$10,780$9,409$8,194$7,121$3,916
14 years$11,321$9,799$8,454$7,274$6,242$3,246
15 years$10,458$8,951$7,633$6,487$5,496$2,700
16 years$9,703$8,213$6,920$5,808$4,858$2,252
17 years$9,037$7,564$6,297$5,219$4,307$1,882
18 years$8,446$6,989$5,749$4,703$3,830$1,576
19 years$7,918$6,477$5,263$4,250$3,414$1,322
20 years$7,443$6,019$4,830$3,849$3,049$1,110
21 years$7,014$5,607$4,442$3,493$2,729$933
22 years$6,625$5,234$4,094$3,176$2,446$785
23 years$6,270$4,895$3,780$2,892$2,195$661
24 years$5,945$4,586$3,496$2,638$1,973$557
25 years$5,646$4,304$3,238$2,409$1,776$470
26 years$5,371$4,045$3,003$2,203$1,599$396
27 years$5,117$3,807$2,789$2,016$1,442$334
28 years$4,881$3,587$2,593$1,847$1,301$282
29 years$4,662$3,384$2,413$1,694$1,175$238
30 years$4,458$3,196$2,247$1,555$1,062$201
31 years$4,267$3,021$2,095$1,428$960$170
32 years$4,089$2,859$1,955$1,312$868$143
33 years$3,922$2,707$1,825$1,207$786$121
34 years$3,765$2,566$1,705$1,110$711$102
35 years$3,617$2,434$1,594$1,022$644$86
36 years$3,478$2,310$1,491$941$584$73
37 years$3,347$2,194$1,396$867$529$62
38 years$3,223$2,085$1,307$799$480$52
39 years$3,105$1,983$1,225$737$435$44
40 years$2,994$1,886$1,148$680$395$37
41 years$2,888$1,795$1,076$627$358$31
42 years$2,788$1,710$1,010$579$325$27
43 years$2,693$1,629$948$534$295$22
44 years$2,602$1,553$889$493$268$19
45 years$2,516$1,481$835$456$243$16
46 years$2,433$1,413$784$421$221$14
47 years$2,354$1,348$737$389$200$11
48 years$2,279$1,287$692$359$182$10
49 years$2,207$1,229$651$332$165$8
50 years$2,138$1,174$612$307$150$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,190,000, adding $2,403 every year, while hoping to spend $56,035 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: 42/42/16 Blend
44$2,190,000$2,190,000$2,190,000$2,190,000
45$2,415,859$2,299,789$2,265,844$2,505,906
46$2,602,655$2,352,858$2,282,129$2,622,709
47$2,806,627$2,406,649$2,297,081$2,743,416
48$3,029,467$2,461,138$2,310,597$2,872,931
49$3,273,039$2,516,300$2,322,568$3,012,085
50$3,539,393$2,572,103$2,332,878$3,161,797
51$3,830,790$2,628,515$2,341,408$3,323,078
52$4,149,716$2,685,497$2,348,031$3,497,040
53$4,498,910$2,743,010$2,352,613$3,684,914
54$4,881,388$2,801,007$2,355,015$3,888,050
55$5,300,473$2,859,439$2,355,091$4,107,941
56$5,759,821$2,918,251$2,352,687$4,346,231
57$6,263,462$2,977,385$2,347,641$4,604,731
58$6,815,832$3,036,774$2,339,784$4,885,438
59$7,421,820$3,096,349$2,328,940$5,190,555
60$8,086,808$3,156,032$2,314,921$5,522,508
61$8,816,725$3,215,740$2,297,534$5,883,974
62$9,618,103$3,275,384$2,276,574$6,277,901
63$10,498,137$3,334,865$2,251,826$6,707,543
64$11,464,753$3,394,080$2,223,068$7,176,483
65$12,526,681$3,452,913$2,190,065$7,688,675
66$13,693,541$3,511,244$2,152,570$8,248,476
67$14,975,928$3,568,941$2,110,327$8,860,691
68$16,385,516$3,625,862$2,063,067$9,530,617
69$17,935,167$3,681,858$2,010,507$10,264,092
70$19,639,050$3,736,764$1,952,355$11,067,555
71$21,512,775$3,790,408$1,888,301$11,948,104
72$23,573,542$3,842,602$1,818,023$12,913,565
73$25,840,301$3,893,147$1,741,185$13,972,564
74$28,333,931$3,941,830$1,657,433$15,134,614
75$31,077,435$3,988,423$1,566,401$16,410,200
76$34,096,160$4,032,683$1,467,702$17,810,883
77$37,418,033$4,074,349$1,360,935$19,349,409
78$41,073,825$4,113,145$1,245,679$21,039,827
79$45,097,442$4,148,776$1,121,495$22,897,630
80$49,526,241$4,180,925$987,925$24,939,892
81$54,401,386$4,209,260$844,490$27,185,440
82$59,768,236$4,233,422$690,688$29,655,028
83$65,676,769$4,253,032$525,999$32,371,534
84$72,182,055$4,267,686$349,876$35,360,181
85$79,344,777$4,276,956$161,749$38,648,770
86$87,231,802$4,280,384$0$42,267,953
87$95,916,810$4,277,487$0$46,258,175
88$105,480,991$4,267,750$0$50,679,924
89$116,013,809$4,250,627$0$55,546,722
90$127,613,849$4,225,539$0$60,903,943
91$140,389,740$4,191,869$0$66,801,592
92$154,461,191$4,148,968$0$73,294,789
93$169,960,107$4,096,142$0$80,444,278
94$187,031,845$4,032,660$0$88,317,013
95$205,836,579$3,957,746$0$96,986,786
96$226,550,811$3,870,576$0$106,534,927
97$249,369,040$3,770,281$0$117,051,073
98$274,505,594$3,655,937$0$128,634,016
99$302,196,656$3,526,570$0$141,392,641
100$332,702,489$3,381,145$0$155,446,951