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

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$184,151$182,511$180,911$179,349$177,823$174,304
2 years$91,164$89,466$87,821$86,225$84,678$81,147
3 years$60,172$58,467$56,826$55,245$53,723$50,291
4 years$44,679$42,980$41,355$39,801$38,316$35,009
5 years$35,386$33,696$32,093$30,571$29,127$25,955
6 years$29,193$27,516$25,936$24,448$23,047$20,013
7 years$24,771$23,108$21,553$20,100$18,744$15,848
8 years$21,455$19,808$18,278$16,861$15,550$12,792
9 years$18,878$17,246$15,743$14,362$13,095$10,473
10 years$16,818$15,202$13,725$12,380$11,158$8,669
11 years$15,133$13,533$12,084$10,775$9,596$7,238
12 years$13,730$12,147$10,724$9,451$8,316$6,085
13 years$12,544$10,977$9,581$8,344$7,251$5,144
14 years$11,528$9,978$8,609$7,407$6,357$4,368
15 years$10,649$9,115$7,772$6,605$5,597$3,724
16 years$9,880$8,363$7,047$5,914$4,946$3,185
17 years$9,202$7,702$6,412$5,314$4,386$2,731
18 years$8,600$7,117$5,854$4,789$3,900$2,347
19 years$8,062$6,596$5,359$4,327$3,476$2,020
20 years$7,579$6,129$4,918$3,919$3,105$1,742
21 years$7,142$5,709$4,524$3,557$2,778$1,505
22 years$6,746$5,329$4,169$3,234$2,490$1,301
23 years$6,384$4,984$3,850$2,945$2,236$1,126
24 years$6,053$4,670$3,560$2,686$2,009$975
25 years$5,749$4,382$3,297$2,453$1,808$845
26 years$5,469$4,119$3,058$2,243$1,629$733
27 years$5,210$3,876$2,840$2,053$1,468$636
28 years$4,970$3,653$2,640$1,881$1,325$553
29 years$4,747$3,446$2,457$1,725$1,196$480
30 years$4,539$3,254$2,288$1,583$1,081$417
31 years$4,345$3,076$2,133$1,454$977$363
32 years$4,164$2,911$1,990$1,336$884$315
33 years$3,994$2,757$1,858$1,229$800$274
34 years$3,834$2,613$1,736$1,131$724$239
35 years$3,683$2,478$1,623$1,041$656$208
36 years$3,542$2,352$1,519$959$594$181
37 years$3,408$2,234$1,421$883$539$157
38 years$3,282$2,123$1,331$814$488$137
39 years$3,162$2,019$1,247$751$443$119
40 years$3,049$1,921$1,169$692$402$104
41 years$2,941$1,828$1,096$639$365$90
42 years$2,839$1,741$1,028$589$331$79
43 years$2,742$1,659$965$544$300$68
44 years$2,650$1,581$906$502$272$60
45 years$2,561$1,508$850$464$247$52
46 years$2,477$1,439$799$429$225$45
47 years$2,397$1,373$750$396$204$39
48 years$2,321$1,311$705$366$185$34
49 years$2,247$1,252$663$338$168$30
50 years$2,177$1,195$623$313$153$26

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 $3,291 every year, while hoping to spend $59,517 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: 55/27/18 Blend
44$2,230,000$2,230,000$2,230,000$2,230,000
45$2,460,855$2,342,665$2,308,100$2,584,157
46$2,648,536$2,394,130$2,322,095$2,720,119
47$2,853,367$2,446,122$2,334,565$2,861,462
48$3,077,032$2,498,604$2,345,395$3,014,060
49$3,321,389$2,551,535$2,354,466$3,179,004
50$3,588,481$2,604,870$2,361,650$3,357,496
51$3,880,558$2,658,561$2,366,818$3,550,862
52$4,200,098$2,712,553$2,369,829$3,760,563
53$4,549,828$2,766,789$2,370,538$3,988,209
54$4,932,752$2,821,203$2,368,793$4,235,573
55$5,352,178$2,875,727$2,364,433$4,504,611
56$5,811,748$2,930,286$2,357,289$4,797,479
57$6,315,474$2,984,798$2,347,187$5,116,553
58$6,867,775$3,039,175$2,333,940$5,464,450
59$7,473,516$3,093,323$2,317,355$5,844,059
60$8,138,057$3,147,138$2,297,229$6,258,561
61$8,867,303$3,200,511$2,273,349$6,711,463
62$9,667,755$3,253,324$2,245,494$7,206,632
63$10,546,576$3,305,447$2,213,428$7,748,331
64$11,511,658$3,356,745$2,176,909$8,341,257
65$12,571,692$3,407,071$2,135,681$8,990,591
66$13,736,254$3,456,266$2,089,475$9,702,041
67$15,015,892$3,504,163$2,038,013$10,481,901
68$16,422,227$3,550,581$1,981,000$11,337,110
69$17,968,061$3,595,327$1,918,131$12,275,315
70$19,667,500$3,638,195$1,849,085$13,304,949
71$21,536,083$3,678,964$1,773,527$14,435,304
72$23,590,929$3,717,400$1,691,107$15,676,627
73$25,850,903$3,753,251$1,601,457$17,040,210
74$28,336,785$3,786,250$1,504,196$18,538,503
75$31,071,473$3,816,112$1,398,923$20,185,230
76$34,080,196$3,842,535$1,285,220$21,995,518
77$37,390,752$3,865,194$1,162,650$23,986,043
78$41,033,766$3,883,747$1,030,756$26,175,185
79$45,042,987$3,897,827$889,063$28,583,208
80$49,455,597$3,907,045$737,072$31,232,446
81$54,312,567$3,910,990$574,263$34,147,517
82$59,659,042$3,909,222$400,094$37,355,559
83$65,544,765$3,901,274$213,998$40,886,484
84$72,024,548$3,886,653$15,384$44,773,265
85$79,158,786$3,864,834$0$49,052,243
86$87,014,030$3,835,259$0$53,801,233
87$95,663,612$3,797,338$0$59,032,241
88$105,188,337$3,750,444$0$64,791,108
89$115,677,246$3,693,914$0$71,131,612
90$127,228,454$3,627,045$0$78,113,022
91$139,950,078$3,549,091$0$85,800,655
92$153,961,253$3,459,264$0$94,266,495
93$169,393,260$3,356,727$0$103,589,874
94$186,390,763$3,240,597$0$113,858,221
95$205,113,172$3,109,938$0$125,167,888
96$225,736,149$2,963,758$0$137,625,063
97$248,453,265$2,801,011$0$151,346,771
98$273,477,826$2,620,588$0$166,461,983
99$301,044,885$2,421,318$0$183,112,830
100$331,413,462$2,201,961$0$201,455,954