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

Use the below retirement simulation to view the chances of a successful retirement.
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%13%
1 years$183,326$181,693$180,099$178,544$177,026$174,814
2 years$90,755$89,065$87,427$85,839$84,298$82,072
3 years$59,902$58,205$56,571$54,998$53,482$51,312
4 years$44,479$42,787$41,169$39,623$38,144$36,046
5 years$35,228$33,545$31,949$30,434$28,996$26,976
6 years$29,062$27,392$25,820$24,338$22,944$21,004
7 years$24,659$23,004$21,456$20,010$18,660$16,801
8 years$21,359$19,719$18,197$16,786$15,480$13,703
9 years$18,794$17,169$15,673$14,298$13,036$11,340
10 years$16,742$15,133$13,664$12,325$11,108$9,491
11 years$15,065$13,472$12,029$10,726$9,553$8,014
12 years$13,669$12,092$10,676$9,408$8,278$6,815
13 years$12,488$10,928$9,538$8,306$7,219$5,830
14 years$11,477$9,933$8,570$7,373$6,328$5,011
15 years$10,601$9,074$7,738$6,576$5,572$4,325
16 years$9,835$8,325$7,015$5,888$4,924$3,746
17 years$9,161$7,667$6,384$5,290$4,366$3,253
18 years$8,562$7,085$5,827$4,768$3,882$2,832
19 years$8,026$6,566$5,335$4,308$3,460$2,471
20 years$7,545$6,102$4,896$3,902$3,091$2,160
21 years$7,110$5,683$4,503$3,541$2,766$1,890
22 years$6,715$5,305$4,150$3,220$2,479$1,657
23 years$6,356$4,962$3,832$2,932$2,226$1,454
24 years$6,026$4,649$3,544$2,674$2,000$1,278
25 years$5,724$4,363$3,283$2,442$1,800$1,123
26 years$5,445$4,100$3,044$2,233$1,621$988
27 years$5,187$3,859$2,827$2,044$1,462$870
28 years$4,948$3,636$2,628$1,873$1,319$767
29 years$4,726$3,430$2,446$1,717$1,191$676
30 years$4,519$3,240$2,278$1,576$1,076$596
31 years$4,326$3,062$2,124$1,448$973$526
32 years$4,145$2,898$1,982$1,330$880$464
33 years$3,976$2,744$1,850$1,223$797$410
34 years$3,817$2,601$1,729$1,126$721$362
35 years$3,667$2,467$1,616$1,036$653$320
36 years$3,526$2,341$1,512$954$592$283
37 years$3,393$2,224$1,415$879$536$250
38 years$3,267$2,113$1,325$810$486$221
39 years$3,148$2,010$1,242$747$441$195
40 years$3,035$1,912$1,164$689$400$172
41 years$2,928$1,820$1,091$636$363$152
42 years$2,826$1,733$1,024$587$329$135
43 years$2,730$1,652$960$542$299$119
44 years$2,638$1,574$902$500$271$105
45 years$2,550$1,501$847$462$246$93
46 years$2,466$1,432$795$427$224$83
47 years$2,387$1,367$747$394$203$73
48 years$2,310$1,305$702$364$184$65
49 years$2,237$1,246$660$337$167$57
50 years$2,167$1,190$620$311$152$51

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 $3,831 every year, while hoping to spend $54,001 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: 59/35/6 Blend
44$2,220,000$2,220,000$2,220,000$2,220,000
45$2,450,392$2,332,732$2,298,322$2,591,863
46$2,642,875$2,389,579$2,317,859$2,743,967
47$2,853,182$2,447,402$2,336,241$2,903,218
48$3,083,073$2,506,191$2,353,371$3,075,483
49$3,334,487$2,565,935$2,369,150$3,262,014
50$3,609,559$2,626,621$2,383,471$3,464,187
51$3,910,640$2,688,231$2,396,223$3,683,517
52$4,240,317$2,750,746$2,407,288$3,921,673
53$4,601,442$2,814,145$2,416,545$4,180,492
54$4,997,152$2,878,401$2,423,862$4,461,999
55$5,430,905$2,943,486$2,429,105$4,768,422
56$5,906,509$3,009,368$2,432,132$5,102,216
57$6,428,156$3,076,011$2,432,791$5,466,085
58$7,000,465$3,143,373$2,430,927$5,863,008
59$7,628,524$3,211,409$2,426,375$6,296,265
60$8,317,937$3,280,071$2,418,961$6,769,471
61$9,074,875$3,349,304$2,408,505$7,286,609
62$9,906,139$3,419,046$2,394,817$7,852,067
63$10,819,220$3,489,234$2,377,698$8,470,677
64$11,822,368$3,559,794$2,356,938$9,147,766
65$12,924,674$3,630,649$2,332,321$9,889,202
66$14,136,153$3,701,713$2,303,616$10,701,452
67$15,467,838$3,772,894$2,270,584$11,591,639
68$16,931,883$3,844,091$2,232,973$12,567,615
69$18,541,679$3,915,196$2,190,523$13,638,031
70$20,311,982$3,986,092$2,142,956$14,812,419
71$22,259,045$4,056,651$2,089,987$16,101,284
72$24,400,779$4,126,739$2,031,313$17,516,203
73$26,756,916$4,196,207$1,966,619$19,069,931
74$29,349,198$4,264,897$1,895,577$20,776,527
75$32,201,579$4,332,640$1,817,842$22,651,482
76$35,340,454$4,399,254$1,733,054$24,711,868
77$38,794,906$4,464,542$1,640,836$26,976,500
78$42,596,978$4,528,296$1,540,796$29,466,110
79$46,781,978$4,590,291$1,432,521$32,203,548
80$51,388,812$4,650,288$1,315,583$35,213,996
81$56,460,348$4,708,029$1,189,532$38,525,202
82$62,043,821$4,763,240$1,053,899$42,167,750
83$68,191,281$4,815,629$908,195$46,175,344
84$74,960,080$4,864,883$751,908$50,585,126
85$82,413,416$4,910,670$584,504$55,438,032
86$90,620,924$4,952,633$405,425$60,779,174
87$99,659,341$4,990,395$214,089$66,658,268
88$109,613,222$5,023,552$9,889$73,130,105
89$120,575,740$5,051,675$0$80,255,069
90$132,649,567$5,074,309$0$88,113,025
91$145,947,840$5,090,967$0$96,765,536
92$160,595,230$5,101,134$0$106,292,835
93$176,729,115$5,104,262$0$116,784,043
94$194,500,882$5,099,768$0$128,337,376
95$214,077,349$5,087,034$0$141,061,066
96$235,642,343$5,065,403$0$155,074,396
97$259,398,433$5,034,179$0$170,508,815
98$285,568,843$4,992,623$0$187,509,187
99$314,399,555$4,939,951$0$206,235,158
100$346,161,634$4,875,333$0$226,862,664