Can I retire at age 45 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$183,326$181,693$180,099$178,544$177,026$172,327
2 years$90,755$89,065$87,427$85,839$84,298$79,597
3 years$59,902$58,205$56,571$54,998$53,482$48,926
4 years$44,479$42,787$41,169$39,623$38,144$33,767
5 years$35,228$33,545$31,949$30,434$28,996$24,811
6 years$29,062$27,392$25,820$24,338$22,944$18,955
7 years$24,659$23,004$21,456$20,010$18,660$14,867
8 years$21,359$19,719$18,197$16,786$15,480$11,881
9 years$18,794$17,169$15,673$14,298$13,036$9,629
10 years$16,742$15,133$13,664$12,325$11,108$7,887
11 years$15,065$13,472$12,029$10,726$9,553$6,514
12 years$13,669$12,092$10,676$9,408$8,278$5,416
13 years$12,488$10,928$9,538$8,306$7,219$4,526
14 years$11,477$9,933$8,570$7,373$6,328$3,800
15 years$10,601$9,074$7,738$6,576$5,572$3,201
16 years$9,835$8,325$7,015$5,888$4,924$2,704
17 years$9,161$7,667$6,384$5,290$4,366$2,291
18 years$8,562$7,085$5,827$4,768$3,882$1,944
19 years$8,026$6,566$5,335$4,308$3,460$1,653
20 years$7,545$6,102$4,896$3,902$3,091$1,407
21 years$7,110$5,683$4,503$3,541$2,766$1,199
22 years$6,715$5,305$4,150$3,220$2,479$1,023
23 years$6,356$4,962$3,832$2,932$2,226$874
24 years$6,026$4,649$3,544$2,674$2,000$747
25 years$5,724$4,363$3,283$2,442$1,800$639
26 years$5,445$4,100$3,044$2,233$1,621$547
27 years$5,187$3,859$2,827$2,044$1,462$468
28 years$4,948$3,636$2,628$1,873$1,319$401
29 years$4,726$3,430$2,446$1,717$1,191$343
30 years$4,519$3,240$2,278$1,576$1,076$294
31 years$4,326$3,062$2,124$1,448$973$252
32 years$4,145$2,898$1,982$1,330$880$216
33 years$3,976$2,744$1,850$1,223$797$185
34 years$3,817$2,601$1,729$1,126$721$159
35 years$3,667$2,467$1,616$1,036$653$136
36 years$3,526$2,341$1,512$954$592$117
37 years$3,393$2,224$1,415$879$536$100
38 years$3,267$2,113$1,325$810$486$86
39 years$3,148$2,010$1,242$747$441$74
40 years$3,035$1,912$1,164$689$400$63
41 years$2,928$1,820$1,091$636$363$54
42 years$2,826$1,733$1,024$587$329$47
43 years$2,730$1,652$960$542$299$40
44 years$2,638$1,574$902$500$271$34
45 years$2,550$1,501$847$462$246$29
46 years$2,466$1,432$795$427$224$25
47 years$2,387$1,367$747$394$203$22
48 years$2,310$1,305$702$364$184$19
49 years$2,237$1,246$660$337$167$16
50 years$2,167$1,190$620$311$152$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,220,000, adding $4,974 every year, while hoping to spend $28,763 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: 46/27/27 Blend
44$2,220,000$2,220,000$2,220,000$2,220,000
45$2,451,571$2,333,911$2,299,501$2,545,093
46$2,671,027$2,417,669$2,345,930$2,695,491
47$2,911,904$2,504,567$2,392,951$2,855,397
48$3,176,357$2,594,729$2,440,553$3,028,341
49$3,466,757$2,688,283$2,488,724$3,215,561
50$3,785,721$2,785,363$2,537,451$3,418,416
51$4,136,127$2,886,108$2,586,718$3,638,402
52$4,521,150$2,990,665$2,636,510$3,877,163
53$4,944,283$3,099,184$2,686,810$4,136,510
54$5,409,378$3,211,822$2,737,596$4,418,433
55$5,920,677$3,328,744$2,788,848$4,725,124
56$6,482,855$3,450,121$2,840,543$5,058,994
57$7,101,060$3,576,131$2,892,655$5,422,696
58$7,780,966$3,706,959$2,945,157$5,819,153
59$8,528,824$3,842,799$2,998,019$6,251,579
60$9,351,520$3,983,853$3,051,209$6,723,513
61$10,256,644$4,130,330$3,104,693$7,238,852
62$11,252,555$4,282,449$3,158,434$7,801,886
63$12,348,465$4,440,439$3,212,391$8,417,339
64$13,554,525$4,604,538$3,266,523$9,090,411
65$14,881,919$4,774,992$3,320,783$9,826,828
66$16,342,969$4,952,060$3,375,123$10,632,899
67$17,951,253$5,136,013$3,429,492$11,515,566
68$19,721,733$5,327,130$3,483,832$12,482,480
69$21,670,895$5,525,705$3,538,086$13,542,062
70$23,816,905$5,732,042$3,592,190$14,703,592
71$26,179,778$5,946,461$3,646,077$15,977,287
72$28,781,570$6,169,293$3,699,676$17,374,402
73$31,646,587$6,400,885$3,752,911$18,907,334
74$34,801,608$6,641,598$3,805,703$20,589,740
75$38,276,144$6,891,808$3,857,966$22,436,661
76$42,102,713$7,151,908$3,909,610$24,464,669
77$46,317,147$7,422,310$3,960,540$26,692,016
78$50,958,933$7,703,439$4,010,654$29,138,813
79$56,071,580$7,995,744$4,059,847$31,827,213
80$61,703,034$8,299,688$4,108,005$34,781,619
81$67,906,129$8,615,759$4,155,009$38,028,921
82$74,739,086$8,944,463$4,200,733$41,598,739
83$82,266,060$9,286,329$4,245,045$45,523,708
84$90,557,749$9,641,909$4,287,805$49,839,784
85$99,692,057$10,011,780$4,328,864$54,586,580
86$109,754,833$10,396,544$4,368,067$59,807,742
87$120,840,679$10,796,827$4,405,250$65,551,358
88$133,053,843$11,213,287$4,440,241$71,870,411
89$146,509,203$11,646,607$4,472,858$78,823,278
90$161,333,353$12,097,501$4,502,909$86,474,281
91$177,665,792$12,566,716$4,530,194$94,894,292
92$195,660,247$13,055,030$4,554,500$104,161,398
93$215,486,123$13,563,256$4,575,606$114,361,643
94$237,330,096$14,092,244$4,593,277$125,589,833
95$261,397,883$14,642,881$4,607,269$137,950,432
96$287,916,177$15,216,093$4,617,323$151,558,548
97$317,134,793$15,812,847$4,623,169$166,541,013
98$349,329,019$16,434,154$4,624,522$183,037,585
99$384,802,220$17,081,069$4,621,085$201,202,261
100$423,888,700$17,754,694$4,612,545$221,204,732