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%13.8%
1 years$184,151$182,511$180,911$179,349$177,823$175,022
2 years$91,164$89,466$87,821$86,225$84,678$81,862
3 years$60,172$58,467$56,826$55,245$53,723$50,981
4 years$44,679$42,980$41,355$39,801$38,316$35,669
5 years$35,386$33,696$32,093$30,571$29,127$26,583
6 years$29,193$27,516$25,936$24,448$23,047$20,609
7 years$24,771$23,108$21,553$20,100$18,744$16,412
8 years$21,455$19,808$18,278$16,861$15,550$13,324
9 years$18,878$17,246$15,743$14,362$13,095$10,974
10 years$16,818$15,202$13,725$12,380$11,158$9,140
11 years$15,133$13,533$12,084$10,775$9,596$7,679
12 years$13,730$12,147$10,724$9,451$8,316$6,497
13 years$12,544$10,977$9,581$8,344$7,251$5,529
14 years$11,528$9,978$8,609$7,407$6,357$4,727
15 years$10,649$9,115$7,772$6,605$5,597$4,058
16 years$9,880$8,363$7,047$5,914$4,946$3,494
17 years$9,202$7,702$6,412$5,314$4,386$3,018
18 years$8,600$7,117$5,854$4,789$3,900$2,612
19 years$8,062$6,596$5,359$4,327$3,476$2,266
20 years$7,579$6,129$4,918$3,919$3,105$1,969
21 years$7,142$5,709$4,524$3,557$2,778$1,713
22 years$6,746$5,329$4,169$3,234$2,490$1,492
23 years$6,384$4,984$3,850$2,945$2,236$1,302
24 years$6,053$4,670$3,560$2,686$2,009$1,136
25 years$5,749$4,382$3,297$2,453$1,808$993
26 years$5,469$4,119$3,058$2,243$1,629$868
27 years$5,210$3,876$2,840$2,053$1,468$760
28 years$4,970$3,653$2,640$1,881$1,325$665
29 years$4,747$3,446$2,457$1,725$1,196$582
30 years$4,539$3,254$2,288$1,583$1,081$510
31 years$4,345$3,076$2,133$1,454$977$447
32 years$4,164$2,911$1,990$1,336$884$392
33 years$3,994$2,757$1,858$1,229$800$344
34 years$3,834$2,613$1,736$1,131$724$302
35 years$3,683$2,478$1,623$1,041$656$265
36 years$3,542$2,352$1,519$959$594$232
37 years$3,408$2,234$1,421$883$539$204
38 years$3,282$2,123$1,331$814$488$179
39 years$3,162$2,019$1,247$751$443$157
40 years$3,049$1,921$1,169$692$402$138
41 years$2,941$1,828$1,096$639$365$121
42 years$2,839$1,741$1,028$589$331$106
43 years$2,742$1,659$965$544$300$93
44 years$2,650$1,581$906$502$272$82
45 years$2,561$1,508$850$464$247$72
46 years$2,477$1,439$799$429$225$63
47 years$2,397$1,373$750$396$204$56
48 years$2,321$1,311$705$366$185$49
49 years$2,247$1,252$663$338$168$43
50 years$2,177$1,195$623$313$153$38

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 $2,676 every year, while hoping to spend $54,388 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: 80/6/14 Blend
44$2,230,000$2,230,000$2,230,000$2,230,000
45$2,460,220$2,342,030$2,307,465$2,649,958
46$2,653,294$2,398,921$2,326,897$2,831,975
47$2,864,239$2,456,777$2,345,157$3,024,390
48$3,094,820$2,515,588$2,362,148$3,233,998
49$3,346,981$2,575,341$2,377,769$3,462,496
50$3,622,861$2,636,021$2,391,912$3,711,757
51$3,924,817$2,697,610$2,404,466$3,983,839
52$4,255,445$2,760,089$2,415,312$4,281,012
53$4,617,601$2,823,434$2,424,325$4,605,775
54$5,014,432$2,887,618$2,431,376$4,960,883
55$5,449,403$2,952,611$2,436,326$5,349,369
56$5,926,332$3,018,378$2,439,033$5,774,576
57$6,449,422$3,084,883$2,439,345$6,240,185
58$7,023,303$3,152,082$2,437,103$6,750,252
59$7,653,075$3,219,930$2,432,141$7,309,248
60$8,344,356$3,288,373$2,424,285$7,922,095
61$9,103,333$3,357,357$2,413,352$8,594,221
62$9,936,824$3,426,818$2,399,150$9,331,602
63$10,852,337$3,496,689$2,381,478$10,140,826
64$11,858,143$3,566,895$2,360,125$11,029,150
65$12,963,356$3,637,355$2,334,872$12,004,571
66$14,178,015$3,707,982$2,305,487$13,075,901
67$15,513,180$3,778,680$2,271,728$14,252,850
68$16,981,035$3,849,346$2,233,341$15,546,116
69$18,595,005$3,919,868$2,190,063$16,967,491
70$20,369,880$3,990,126$2,141,614$18,529,964
71$22,321,955$4,059,990$2,087,705$20,247,853
72$24,469,183$4,129,318$2,028,033$22,136,932
73$26,831,346$4,197,961$1,962,278$24,214,586
74$29,430,239$4,265,756$1,890,109$26,499,970
75$32,289,874$4,332,529$1,811,179$29,014,195
76$35,436,711$4,398,093$1,725,124$31,780,521
77$38,899,904$4,462,248$1,631,563$34,824,585
78$42,711,575$4,524,779$1,530,101$38,174,635
79$46,907,118$4,585,456$1,420,322$41,861,800
80$51,525,534$4,644,033$1,301,793$45,920,385
81$56,609,796$4,700,248$1,174,061$50,388,194
82$62,207,256$4,753,821$1,036,653$55,306,886
83$68,370,089$4,804,451$889,074$60,722,370
84$75,155,789$4,851,820$730,808$66,685,237
85$82,627,706$4,895,586$561,317$73,251,239
86$90,855,649$4,935,386$380,038$80,481,814
87$99,916,539$4,970,834$186,383$88,444,669
88$109,895,139$5,001,518$0$97,214,414
89$120,884,850$5,026,999$0$106,876,304
90$132,988,595$5,046,812$0$117,547,829
91$146,319,786$5,060,461$0$129,301,071
92$161,003,399$5,067,418$0$142,246,174
93$177,177,149$5,067,125$0$156,504,512
94$194,992,790$5,058,986$0$172,209,835
95$214,617,550$5,042,372$0$189,509,530
96$236,235,703$5,016,611$0$208,566,010
97$260,050,314$4,980,994$0$229,558,252
98$286,285,149$4,934,766$0$252,683,482
99$315,186,794$4,877,129$0$278,159,037
100$347,026,974$4,807,235$0$306,224,417