Can I retire at age 45 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$184,151$182,511$180,911$179,349$177,823$176,333
2 years$91,164$89,466$87,821$86,225$84,678$83,176
3 years$60,172$58,467$56,826$55,245$53,723$52,256
4 years$44,679$42,980$41,355$39,801$38,316$36,895
5 years$35,386$33,696$32,093$30,571$29,127$27,757
6 years$29,193$27,516$25,936$24,448$23,047$21,729
7 years$24,771$23,108$21,553$20,100$18,744$17,478
8 years$21,455$19,808$18,278$16,861$15,550$14,336
9 years$18,878$17,246$15,743$14,362$13,095$11,934
10 years$16,818$15,202$13,725$12,380$11,158$10,048
11 years$15,133$13,533$12,084$10,775$9,596$8,537
12 years$13,730$12,147$10,724$9,451$8,316$7,307
13 years$12,544$10,977$9,581$8,344$7,251$6,291
14 years$11,528$9,978$8,609$7,407$6,357$5,444
15 years$10,649$9,115$7,772$6,605$5,597$4,730
16 years$9,880$8,363$7,047$5,914$4,946$4,124
17 years$9,202$7,702$6,412$5,314$4,386$3,607
18 years$8,600$7,117$5,854$4,789$3,900$3,163
19 years$8,062$6,596$5,359$4,327$3,476$2,780
20 years$7,579$6,129$4,918$3,919$3,105$2,447
21 years$7,142$5,709$4,524$3,557$2,778$2,158
22 years$6,746$5,329$4,169$3,234$2,490$1,906
23 years$6,384$4,984$3,850$2,945$2,236$1,686
24 years$6,053$4,670$3,560$2,686$2,009$1,492
25 years$5,749$4,382$3,297$2,453$1,808$1,322
26 years$5,469$4,119$3,058$2,243$1,629$1,173
27 years$5,210$3,876$2,840$2,053$1,468$1,041
28 years$4,970$3,653$2,640$1,881$1,325$925
29 years$4,747$3,446$2,457$1,725$1,196$822
30 years$4,539$3,254$2,288$1,583$1,081$731
31 years$4,345$3,076$2,133$1,454$977$650
32 years$4,164$2,911$1,990$1,336$884$578
33 years$3,994$2,757$1,858$1,229$800$515
34 years$3,834$2,613$1,736$1,131$724$459
35 years$3,683$2,478$1,623$1,041$656$408
36 years$3,542$2,352$1,519$959$594$364
37 years$3,408$2,234$1,421$883$539$324
38 years$3,282$2,123$1,331$814$488$289
39 years$3,162$2,019$1,247$751$443$258
40 years$3,049$1,921$1,169$692$402$230
41 years$2,941$1,828$1,096$639$365$205
42 years$2,839$1,741$1,028$589$331$183
43 years$2,742$1,659$965$544$300$163
44 years$2,650$1,581$906$502$272$146
45 years$2,561$1,508$850$464$247$130
46 years$2,477$1,439$799$429$225$116
47 years$2,397$1,373$750$396$204$103
48 years$2,321$1,311$705$366$185$92
49 years$2,247$1,252$663$338$168$82
50 years$2,177$1,195$623$313$153$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,230,000, adding $2,756 every year, while hoping to spend $46,918 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: 82/12/6 Blend
44$2,230,000$2,230,000$2,230,000$2,230,000
45$2,460,303$2,342,113$2,307,548$2,660,884
46$2,661,333$2,406,956$2,334,930$2,857,233
47$2,881,296$2,473,404$2,361,658$3,066,166
48$3,122,074$2,541,486$2,387,658$3,294,073
49$3,385,737$2,611,231$2,412,857$3,542,825
50$3,674,569$2,682,667$2,437,174$3,814,483
51$3,991,081$2,755,824$2,460,525$4,111,316
52$4,338,040$2,830,729$2,482,822$4,435,823
53$4,718,496$2,907,410$2,503,972$4,790,755
54$5,135,805$2,985,895$2,523,877$5,179,145
55$5,593,663$3,066,210$2,542,434$5,604,329
56$6,096,145$3,148,382$2,559,533$6,069,986
57$6,647,735$3,232,437$2,575,061$6,580,165
58$7,253,375$3,318,398$2,588,897$7,139,327
59$7,918,510$3,406,289$2,600,915$7,752,387
60$8,649,135$3,496,134$2,610,982$8,424,758
61$9,451,856$3,587,954$2,618,960$9,162,404
62$10,333,950$3,681,769$2,624,700$9,971,894
63$11,303,436$3,777,598$2,628,050$10,860,467
64$12,369,144$3,875,459$2,628,848$11,836,096
65$13,540,807$3,975,366$2,626,925$12,907,567
66$14,829,145$4,077,335$2,622,102$14,084,556
67$16,245,969$4,181,376$2,614,194$15,377,729
68$17,804,294$4,287,499$2,603,005$16,798,835
69$19,518,456$4,395,711$2,588,330$18,360,817
70$21,404,254$4,506,016$2,569,954$20,077,939
71$23,479,093$4,618,416$2,547,653$21,965,915
72$25,762,151$4,732,909$2,521,190$24,042,062
73$28,274,559$4,849,490$2,490,318$26,325,457
74$31,039,600$4,968,151$2,454,780$28,837,125
75$34,082,928$5,088,878$2,414,303$31,600,227
76$37,432,809$5,211,656$2,368,605$34,640,290
77$41,120,391$5,336,463$2,317,390$37,985,436
78$45,179,994$5,463,273$2,260,345$41,666,658
79$49,649,435$5,592,054$2,197,147$45,718,103
80$54,570,382$5,722,769$2,127,457$50,177,401
81$59,988,751$5,855,376$2,050,917$55,086,016
82$65,955,139$5,989,824$1,967,158$60,489,640
83$72,525,295$6,126,058$1,875,790$66,438,619
84$79,760,654$6,264,013$1,776,407$72,988,435
85$87,728,909$6,403,618$1,668,585$80,200,224
86$96,504,655$6,544,793$1,551,880$88,141,356
87$106,170,091$6,687,448$1,425,829$96,886,068
88$116,815,792$6,831,486$1,289,946$106,516,169
89$128,541,570$6,976,796$1,143,727$117,121,805
90$141,457,410$7,123,259$986,642$128,802,317
91$155,684,511$7,270,744$818,139$141,667,174
92$171,356,428$7,419,106$637,643$155,837,009
93$188,620,330$7,568,189$444,551$171,444,754
94$207,638,396$7,717,823$238,236$188,636,900
95$228,589,336$7,867,820$18,040$207,574,872
96$251,670,085$8,017,979$0$228,436,563
97$277,097,655$8,168,082$0$251,431,890
98$305,111,191$8,317,893$0$276,765,126
99$335,974,219$8,467,156$0$304,673,214
100$369,977,139$8,615,597$0$335,418,539