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%14%
1 years$183,326$181,693$180,099$178,544$177,026$174,093
2 years$90,755$89,065$87,427$85,839$84,298$81,352
3 years$59,902$58,205$56,571$54,998$53,482$50,614
4 years$44,479$42,787$41,169$39,623$38,144$35,377
5 years$35,228$33,545$31,949$30,434$28,996$26,337
6 years$29,062$27,392$25,820$24,338$22,944$20,396
7 years$24,659$23,004$21,456$20,010$18,660$16,224
8 years$21,359$19,719$18,197$16,786$15,480$13,156
9 years$18,794$17,169$15,673$14,298$13,036$10,823
10 years$16,742$15,133$13,664$12,325$11,108$9,003
11 years$15,065$13,472$12,029$10,726$9,553$7,555
12 years$13,669$12,092$10,676$9,408$8,278$6,384
13 years$12,488$10,928$9,538$8,306$7,219$5,425
14 years$11,477$9,933$8,570$7,373$6,328$4,632
15 years$10,601$9,074$7,738$6,576$5,572$3,971
16 years$9,835$8,325$7,015$5,888$4,924$3,415
17 years$9,161$7,667$6,384$5,290$4,366$2,945
18 years$8,562$7,085$5,827$4,768$3,882$2,545
19 years$8,026$6,566$5,335$4,308$3,460$2,205
20 years$7,545$6,102$4,896$3,902$3,091$1,913
21 years$7,110$5,683$4,503$3,541$2,766$1,662
22 years$6,715$5,305$4,150$3,220$2,479$1,446
23 years$6,356$4,962$3,832$2,932$2,226$1,259
24 years$6,026$4,649$3,544$2,674$2,000$1,097
25 years$5,724$4,363$3,283$2,442$1,800$957
26 years$5,445$4,100$3,044$2,233$1,621$836
27 years$5,187$3,859$2,827$2,044$1,462$730
28 years$4,948$3,636$2,628$1,873$1,319$638
29 years$4,726$3,430$2,446$1,717$1,191$558
30 years$4,519$3,240$2,278$1,576$1,076$488
31 years$4,326$3,062$2,124$1,448$973$427
32 years$4,145$2,898$1,982$1,330$880$374
33 years$3,976$2,744$1,850$1,223$797$327
34 years$3,817$2,601$1,729$1,126$721$287
35 years$3,667$2,467$1,616$1,036$653$251
36 years$3,526$2,341$1,512$954$592$220
37 years$3,393$2,224$1,415$879$536$193
38 years$3,267$2,113$1,325$810$486$169
39 years$3,148$2,010$1,242$747$441$148
40 years$3,035$1,912$1,164$689$400$130
41 years$2,928$1,820$1,091$636$363$114
42 years$2,826$1,733$1,024$587$329$100
43 years$2,730$1,652$960$542$299$87
44 years$2,638$1,574$902$500$271$77
45 years$2,550$1,501$847$462$246$67
46 years$2,466$1,432$795$427$224$59
47 years$2,387$1,367$747$394$203$52
48 years$2,310$1,305$702$364$184$45
49 years$2,237$1,246$660$337$167$40
50 years$2,167$1,190$620$311$152$35

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 $3,733 every year, while hoping to spend $54,341 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: 52/26/22 Blend
44$2,220,000$2,220,000$2,220,000$2,220,000
45$2,450,291$2,332,631$2,298,221$2,562,581
46$2,642,402$2,389,111$2,317,393$2,696,943
47$2,852,287$2,446,538$2,335,386$2,837,103
48$3,081,702$2,504,900$2,352,103$2,988,423
49$3,332,580$2,564,184$2,367,442$3,151,984
50$3,607,048$2,624,374$2,381,296$3,328,978
51$3,907,450$2,685,451$2,393,553$3,520,716
52$4,236,366$2,747,395$2,404,093$3,728,645
53$4,596,638$2,810,180$2,412,793$3,954,357
54$4,991,394$2,873,778$2,419,521$4,199,610
55$5,424,082$2,938,159$2,424,141$4,466,338
56$5,898,497$3,003,286$2,426,507$4,756,673
57$6,418,817$3,069,122$2,426,469$5,072,967
58$6,989,649$3,135,621$2,423,869$5,417,809
59$7,616,064$3,202,737$2,418,538$5,794,056
60$8,303,647$3,270,415$2,410,304$6,204,855
61$9,058,552$3,338,599$2,398,982$6,653,673
62$9,887,557$3,407,223$2,384,381$7,144,335
63$10,798,129$3,476,218$2,366,299$7,681,054
64$11,798,493$3,545,508$2,344,525$8,268,477
65$12,897,712$3,615,011$2,318,840$8,911,722
66$14,105,769$3,684,636$2,289,010$9,616,434
67$15,433,660$3,754,286$2,254,795$10,388,833
68$16,893,503$3,823,856$2,215,940$11,235,777
69$18,498,647$3,893,231$2,172,181$12,164,824
70$20,263,798$3,962,289$2,123,238$13,184,306
71$22,205,161$4,030,897$2,068,823$14,303,404
72$24,340,589$4,098,912$2,008,629$15,532,243
73$26,689,751$4,166,181$1,942,340$16,881,980
74$29,274,320$4,232,538$1,869,623$18,364,914
75$32,118,174$4,297,806$1,790,129$19,994,600
76$35,247,625$4,361,795$1,703,495$21,785,983
77$38,691,662$4,424,302$1,609,341$23,755,532
78$42,482,226$4,485,108$1,507,270$25,921,402
79$46,654,516$4,543,981$1,396,865$28,303,604
80$51,247,310$4,600,669$1,277,694$30,924,195
81$56,303,341$4,654,908$1,149,302$33,807,486
82$61,869,695$4,706,411$1,011,217$36,980,274
83$67,998,255$4,754,876$862,944$40,472,096
84$74,746,189$4,799,978$703,965$44,315,507
85$82,176,495$4,841,371$533,742$48,546,388
86$90,358,587$4,878,688$351,712$53,204,291
87$99,368,956$4,911,536$157,287$58,332,805
88$109,291,886$4,939,499$0$63,979,979
89$120,220,255$4,962,131$0$70,210,550
90$132,256,407$4,978,961$0$77,111,271
91$145,513,117$4,989,486$0$84,709,667
92$160,114,658$4,993,174$0$93,076,806
93$176,197,971$4,989,458$0$102,291,005
94$193,913,958$4,977,736$0$112,438,570
95$213,428,906$4,957,368$0$123,614,616
96$234,926,053$4,927,678$0$135,923,960
97$258,607,322$4,887,946$0$149,482,113
98$284,695,223$4,837,410$0$164,416,375
99$313,434,954$4,775,261$0$180,867,031
100$345,096,713$4,700,643$0$198,988,681