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%12.7%
1 years$184,151$182,511$180,911$179,349$177,823$175,820
2 years$91,164$89,466$87,821$86,225$84,678$82,661
3 years$60,172$58,467$56,826$55,245$53,723$51,755
4 years$44,679$42,980$41,355$39,801$38,316$36,412
5 years$35,386$33,696$32,093$30,571$29,127$27,294
6 years$29,193$27,516$25,936$24,448$23,047$21,286
7 years$24,771$23,108$21,553$20,100$18,744$17,055
8 years$21,455$19,808$18,278$16,861$15,550$13,934
9 years$18,878$17,246$15,743$14,362$13,095$11,551
10 years$16,818$15,202$13,725$12,380$11,158$9,685
11 years$15,133$13,533$12,084$10,775$9,596$8,193
12 years$13,730$12,147$10,724$9,451$8,316$6,981
13 years$12,544$10,977$9,581$8,344$7,251$5,984
14 years$11,528$9,978$8,609$7,407$6,357$5,154
15 years$10,649$9,115$7,772$6,605$5,597$4,457
16 years$9,880$8,363$7,047$5,914$4,946$3,868
17 years$9,202$7,702$6,412$5,314$4,386$3,366
18 years$8,600$7,117$5,854$4,789$3,900$2,937
19 years$8,062$6,596$5,359$4,327$3,476$2,568
20 years$7,579$6,129$4,918$3,919$3,105$2,249
21 years$7,142$5,709$4,524$3,557$2,778$1,974
22 years$6,746$5,329$4,169$3,234$2,490$1,734
23 years$6,384$4,984$3,850$2,945$2,236$1,525
24 years$6,053$4,670$3,560$2,686$2,009$1,343
25 years$5,749$4,382$3,297$2,453$1,808$1,184
26 years$5,469$4,119$3,058$2,243$1,629$1,044
27 years$5,210$3,876$2,840$2,053$1,468$921
28 years$4,970$3,653$2,640$1,881$1,325$814
29 years$4,747$3,446$2,457$1,725$1,196$719
30 years$4,539$3,254$2,288$1,583$1,081$636
31 years$4,345$3,076$2,133$1,454$977$562
32 years$4,164$2,911$1,990$1,336$884$498
33 years$3,994$2,757$1,858$1,229$800$440
34 years$3,834$2,613$1,736$1,131$724$390
35 years$3,683$2,478$1,623$1,041$656$345
36 years$3,542$2,352$1,519$959$594$306
37 years$3,408$2,234$1,421$883$539$271
38 years$3,282$2,123$1,331$814$488$240
39 years$3,162$2,019$1,247$751$443$213
40 years$3,049$1,921$1,169$692$402$189
41 years$2,941$1,828$1,096$639$365$167
42 years$2,839$1,741$1,028$589$331$148
43 years$2,742$1,659$965$544$300$131
44 years$2,650$1,581$906$502$272$117
45 years$2,561$1,508$850$464$247$103
46 years$2,477$1,439$799$429$225$92
47 years$2,397$1,373$750$396$204$81
48 years$2,321$1,311$705$366$185$72
49 years$2,247$1,252$663$338$168$64
50 years$2,177$1,195$623$313$153$57

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 $5,538 every year, while hoping to spend $39,149 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: 39/41/20 Blend
44$2,230,000$2,230,000$2,230,000$2,230,000
45$2,463,172$2,344,982$2,310,417$2,544,359
46$2,672,762$2,418,232$2,346,162$2,676,482
47$2,902,417$2,493,759$2,381,792$2,815,119
48$3,154,144$2,571,634$2,417,263$2,964,221
49$3,430,151$2,651,928$2,452,525$3,124,758
50$3,732,870$2,734,717$2,487,529$3,297,799
51$4,064,982$2,820,076$2,522,220$3,484,515
52$4,429,436$2,908,087$2,556,540$3,686,199
53$4,829,485$2,998,829$2,590,431$3,904,270
54$5,268,708$3,092,387$2,623,826$4,140,289
55$5,751,050$3,188,848$2,656,658$4,395,975
56$6,280,857$3,288,302$2,688,856$4,673,220
57$6,862,915$3,390,839$2,720,343$4,974,105
58$7,502,497$3,496,555$2,751,039$5,300,919
59$8,205,413$3,605,547$2,780,860$5,656,186
60$8,978,062$3,717,916$2,809,716$6,042,679
61$9,827,497$3,833,766$2,837,514$6,463,455
62$10,761,484$3,953,203$2,864,153$6,921,879
63$11,788,583$4,076,337$2,889,529$7,421,653
64$12,918,223$4,203,282$2,913,533$7,966,857
65$14,160,793$4,334,154$2,936,048$8,561,982
66$15,527,739$4,469,074$2,956,951$9,211,974
67$17,031,675$4,608,165$2,976,115$9,922,280
68$18,686,495$4,751,554$2,993,405$10,698,901
69$20,507,512$4,899,374$3,008,677$11,548,443
70$22,511,594$5,051,759$3,021,784$12,478,184
71$24,717,330$5,208,850$3,032,568$13,496,141
72$27,145,203$5,370,788$3,040,863$14,611,145
73$29,817,779$5,537,723$3,046,498$15,832,922
74$32,759,927$5,709,806$3,049,291$17,172,188
75$35,999,048$5,887,194$3,049,050$18,640,749
76$39,565,333$6,070,049$3,045,575$20,251,608
77$43,492,053$6,258,537$3,038,658$22,019,091
78$47,815,866$6,452,829$3,028,076$23,958,984
79$52,577,168$6,653,101$3,013,601$26,088,675
80$57,820,472$6,859,536$2,994,989$28,427,324
81$63,594,826$7,072,319$2,971,987$30,996,038
82$69,954,279$7,291,644$2,944,330$33,818,075
83$76,958,389$7,517,708$2,911,739$36,919,060
84$84,672,785$7,750,716$2,873,922$40,327,226
85$93,169,786$7,990,878$2,830,575$44,073,682
86$102,529,082$8,238,409$2,781,377$48,192,704
87$112,838,490$8,493,532$2,725,995$52,722,062
88$124,194,778$8,756,477$2,664,078$57,703,371
89$136,704,580$9,027,479$2,595,259$63,182,485
90$150,485,403$9,306,782$2,519,156$69,209,933
91$165,666,734$9,594,634$2,435,368$75,841,391
92$182,391,263$9,891,293$2,343,475$83,138,208
93$200,816,229$10,197,024$2,243,039$91,167,985
94$221,114,905$10,512,100$2,133,602$100,005,216
95$243,478,233$10,836,799$2,014,684$109,731,983
96$268,116,622$11,171,412$1,885,785$120,438,740
97$295,261,940$11,516,234$1,746,382$132,225,156
98$325,169,700$11,871,571$1,595,928$145,201,066
99$358,121,469$12,237,738$1,433,851$159,487,499
100$394,427,529$12,615,057$1,259,555$175,217,824