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%11.1%
1 years$184,151$182,511$180,911$179,349$177,823$177,000
2 years$91,164$89,466$87,821$86,225$84,678$83,846
3 years$60,172$58,467$56,826$55,245$53,723$52,910
4 years$44,679$42,980$41,355$39,801$38,316$37,527
5 years$35,386$33,696$32,093$30,571$29,127$28,364
6 years$29,193$27,516$25,936$24,448$23,047$22,312
7 years$24,771$23,108$21,553$20,100$18,744$18,037
8 years$21,455$19,808$18,278$16,861$15,550$14,871
9 years$18,878$17,246$15,743$14,362$13,095$12,444
10 years$16,818$15,202$13,725$12,380$11,158$10,534
11 years$15,133$13,533$12,084$10,775$9,596$8,999
12 years$13,730$12,147$10,724$9,451$8,316$7,746
13 years$12,544$10,977$9,581$8,344$7,251$6,708
14 years$11,528$9,978$8,609$7,407$6,357$5,838
15 years$10,649$9,115$7,772$6,605$5,597$5,104
16 years$9,880$8,363$7,047$5,914$4,946$4,477
17 years$9,202$7,702$6,412$5,314$4,386$3,940
18 years$8,600$7,117$5,854$4,789$3,900$3,477
19 years$8,062$6,596$5,359$4,327$3,476$3,075
20 years$7,579$6,129$4,918$3,919$3,105$2,725
21 years$7,142$5,709$4,524$3,557$2,778$2,420
22 years$6,746$5,329$4,169$3,234$2,490$2,151
23 years$6,384$4,984$3,850$2,945$2,236$1,915
24 years$6,053$4,670$3,560$2,686$2,009$1,707
25 years$5,749$4,382$3,297$2,453$1,808$1,524
26 years$5,469$4,119$3,058$2,243$1,629$1,361
27 years$5,210$3,876$2,840$2,053$1,468$1,216
28 years$4,970$3,653$2,640$1,881$1,325$1,088
29 years$4,747$3,446$2,457$1,725$1,196$974
30 years$4,539$3,254$2,288$1,583$1,081$872
31 years$4,345$3,076$2,133$1,454$977$782
32 years$4,164$2,911$1,990$1,336$884$701
33 years$3,994$2,757$1,858$1,229$800$629
34 years$3,834$2,613$1,736$1,131$724$564
35 years$3,683$2,478$1,623$1,041$656$506
36 years$3,542$2,352$1,519$959$594$454
37 years$3,408$2,234$1,421$883$539$408
38 years$3,282$2,123$1,331$814$488$367
39 years$3,162$2,019$1,247$751$443$329
40 years$3,049$1,921$1,169$692$402$296
41 years$2,941$1,828$1,096$639$365$266
42 years$2,839$1,741$1,028$589$331$239
43 years$2,742$1,659$965$544$300$215
44 years$2,650$1,581$906$502$272$193
45 years$2,561$1,508$850$464$247$174
46 years$2,477$1,439$799$429$225$156
47 years$2,397$1,373$750$396$204$141
48 years$2,321$1,311$705$366$185$126
49 years$2,247$1,252$663$338$168$114
50 years$2,177$1,195$623$313$153$102

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 $4,556 every year, while hoping to spend $50,558 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: 44/50/6 Blend
44$2,230,000$2,230,000$2,230,000$2,230,000
45$2,462,160$2,343,970$2,309,405$2,566,135
46$2,659,506$2,405,031$2,332,976$2,699,488
47$2,875,288$2,467,389$2,355,643$2,838,350
48$3,111,332$2,531,056$2,377,322$2,987,665
49$3,369,649$2,596,039$2,397,923$3,148,408
50$3,652,455$2,662,347$2,417,355$3,321,651
51$3,962,189$2,729,985$2,435,520$3,508,574
52$4,301,537$2,798,959$2,452,315$3,710,477
53$4,673,457$2,869,271$2,467,631$3,928,788
54$5,081,208$2,940,924$2,481,355$4,165,081
55$5,528,378$3,013,916$2,493,367$4,421,089
56$6,018,919$3,088,244$2,503,541$4,698,719
57$6,557,185$3,163,904$2,511,746$5,000,071
58$7,147,970$3,240,888$2,517,841$5,327,457
59$7,796,557$3,319,185$2,521,683$5,683,424
60$8,508,764$3,398,783$2,523,118$6,070,778
61$9,291,000$3,479,666$2,521,984$6,492,608
62$10,150,326$3,561,814$2,518,115$6,952,318
63$11,094,520$3,645,203$2,511,332$7,453,654
64$12,132,151$3,729,808$2,501,452$8,000,748
65$13,272,659$3,815,597$2,488,279$8,598,149
66$14,526,444$3,902,536$2,471,610$9,250,868
67$15,904,965$3,990,583$2,451,232$9,964,427
68$17,420,844$4,079,695$2,426,922$10,744,910
69$19,087,991$4,169,820$2,398,444$11,599,021
70$20,921,729$4,260,904$2,365,555$12,534,144
71$22,938,941$4,352,884$2,327,997$13,558,419
72$25,158,229$4,445,692$2,285,501$14,680,813
73$27,600,090$4,539,252$2,237,786$15,911,206
74$30,287,105$4,633,481$2,184,558$17,260,489
75$33,244,158$4,728,290$2,125,509$18,740,658
76$36,498,665$4,823,579$2,060,316$20,364,937
77$40,080,835$4,919,241$1,988,643$22,147,897
78$44,023,955$5,015,158$1,910,137$24,105,594
79$48,364,701$5,111,204$1,824,430$26,255,722
80$53,143,488$5,207,240$1,731,136$28,617,783
81$58,404,847$5,303,119$1,629,853$31,213,266
82$64,197,848$5,398,678$1,520,159$34,065,853
83$70,576,560$5,493,744$1,401,615$37,201,644
84$77,600,562$5,588,131$1,273,762$40,649,400
85$85,335,505$5,681,635$1,136,120$44,440,821
86$93,853,734$5,774,042$988,186$48,610,839
87$103,234,962$5,865,118$829,438$53,197,953
88$113,567,033$5,954,613$659,329$58,244,590
89$124,946,741$6,042,260$477,287$63,797,510
90$137,480,749$6,127,771$282,717$69,908,245
91$151,286,593$6,210,840$74,996$76,633,585
92$166,493,792$6,291,138$0$84,036,119
93$183,245,069$6,368,313$0$92,194,217
94$201,697,696$6,441,990$0$101,180,238
95$222,024,982$6,511,769$0$111,073,202
96$244,417,906$6,577,222$0$121,965,486
97$269,086,920$6,637,893$0$133,958,894
98$296,263,932$6,693,296$0$147,165,620
99$326,204,499$6,742,913$0$161,709,306
100$359,190,235$6,786,194$0$177,726,213