Can I retire at age 45 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$184,977$183,329$181,722$180,153$178,621$174,943
2 years$91,573$89,867$88,215$86,612$85,057$81,369
3 years$60,442$58,729$57,081$55,493$53,964$50,379
4 years$44,880$43,172$41,540$39,980$38,488$35,035
5 years$35,545$33,848$32,237$30,708$29,258$25,947
6 years$29,324$27,639$26,052$24,558$23,151$19,985
7 years$24,882$23,211$21,649$20,190$18,828$15,808
8 years$21,552$19,896$18,360$16,937$15,619$12,745
9 years$18,963$17,323$15,814$14,427$13,154$10,422
10 years$16,893$15,270$13,787$12,436$11,208$8,616
11 years$15,201$13,594$12,138$10,823$9,639$7,185
12 years$13,792$12,201$10,772$9,493$8,353$6,032
13 years$12,600$11,026$9,624$8,381$7,284$5,093
14 years$11,580$10,022$8,647$7,440$6,385$4,319
15 years$10,696$9,156$7,807$6,635$5,622$3,677
16 years$9,924$8,400$7,078$5,941$4,969$3,140
17 years$9,243$7,736$6,441$5,338$4,406$2,688
18 years$8,639$7,149$5,880$4,810$3,917$2,307
19 years$8,099$6,625$5,383$4,347$3,491$1,983
20 years$7,613$6,157$4,940$3,937$3,119$1,708
21 years$7,174$5,735$4,544$3,573$2,791$1,472
22 years$6,776$5,353$4,188$3,249$2,502$1,271
23 years$6,413$5,007$3,867$2,959$2,246$1,098
24 years$6,080$4,691$3,576$2,698$2,018$950
25 years$5,775$4,402$3,312$2,464$1,816$822
26 years$5,494$4,137$3,072$2,253$1,636$712
27 years$5,234$3,894$2,853$2,062$1,475$617
28 years$4,992$3,669$2,652$1,890$1,331$535
29 years$4,768$3,461$2,468$1,733$1,202$464
30 years$4,560$3,269$2,299$1,590$1,086$402
31 years$4,365$3,090$2,143$1,461$982$349
32 years$4,182$2,924$1,999$1,342$888$303
33 years$4,012$2,769$1,867$1,234$804$263
34 years$3,851$2,624$1,744$1,136$728$229
35 years$3,700$2,489$1,631$1,045$659$199
36 years$3,558$2,363$1,526$963$597$172
37 years$3,423$2,244$1,428$887$541$150
38 years$3,296$2,132$1,337$818$491$130
39 years$3,176$2,028$1,253$754$445$113
40 years$3,062$1,929$1,174$695$404$98
41 years$2,954$1,836$1,101$642$366$85
42 years$2,852$1,749$1,033$592$332$74
43 years$2,754$1,666$969$547$302$65
44 years$2,661$1,588$910$505$274$56
45 years$2,573$1,515$854$466$248$49
46 years$2,489$1,445$802$431$226$42
47 years$2,408$1,379$754$398$205$37
48 years$2,331$1,316$708$368$186$32
49 years$2,257$1,257$666$340$169$28
50 years$2,187$1,201$626$314$153$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,240,000, adding $2,236 every year, while hoping to spend $34,614 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: 58/26/16 Blend
44$2,240,000$2,240,000$2,240,000$2,240,000
45$2,470,786$2,352,066$2,317,346$2,603,749
46$2,685,978$2,430,489$2,358,149$2,772,450
47$2,921,958$2,511,593$2,399,157$2,952,271
48$3,180,812$2,595,476$2,440,343$3,147,501
49$3,464,835$2,682,234$2,481,675$3,359,629
50$3,776,555$2,771,970$2,523,117$3,590,294
51$4,118,756$2,864,790$2,564,635$3,841,298
52$4,494,508$2,960,803$2,606,189$4,114,626
53$4,907,189$3,060,124$2,647,737$4,412,462
54$5,360,522$3,162,869$2,689,236$4,737,211
55$5,858,608$3,269,163$2,730,639$5,091,520
56$6,405,966$3,379,131$2,771,894$5,478,302
57$7,007,572$3,492,906$2,812,950$5,900,766
58$7,668,910$3,610,624$2,853,750$6,362,446
59$8,396,021$3,732,427$2,894,233$6,867,231
60$9,195,561$3,858,462$2,934,336$7,419,406
61$10,074,864$3,988,882$2,973,991$8,023,688
62$11,042,008$4,123,845$3,013,128$8,685,272
63$12,105,895$4,263,516$3,051,670$9,409,880
64$13,276,333$4,408,065$3,089,538$10,203,816
65$14,564,129$4,557,670$3,126,647$11,074,019
66$15,981,188$4,712,514$3,162,908$12,028,137
67$17,540,630$4,872,789$3,198,227$13,074,590
68$19,256,911$5,038,691$3,232,503$14,222,656
69$21,145,956$5,210,428$3,265,633$15,482,553
70$23,225,317$5,388,212$3,297,505$16,865,540
71$25,514,330$5,572,265$3,328,002$18,384,016
72$28,034,304$5,762,819$3,357,002$20,051,644
73$30,808,717$5,960,110$3,384,376$21,883,474
74$33,863,440$6,164,389$3,409,986$23,896,088
75$37,226,979$6,375,913$3,433,689$26,107,752
76$40,930,748$6,594,950$3,455,335$28,538,593
77$45,009,360$6,821,778$3,474,764$31,210,784
78$49,500,956$7,056,687$3,491,810$34,148,754
79$54,447,566$7,299,976$3,506,297$37,379,421
80$59,895,500$7,551,958$3,518,042$40,932,440
81$65,895,795$7,812,957$3,526,849$44,840,487
82$72,504,684$8,083,310$3,532,517$49,139,563
83$79,784,136$8,363,367$3,534,831$53,869,337
84$87,802,438$8,653,492$3,533,568$59,073,517
85$96,634,837$8,954,063$3,528,492$64,800,263
86$106,364,252$9,265,474$3,519,359$71,102,640
87$117,082,056$9,588,133$3,505,907$78,039,119
88$128,888,939$9,922,464$3,487,868$85,674,129
89$141,895,856$10,268,910$3,464,957$94,078,660
90$156,225,076$10,627,929$3,436,876$103,330,940
91$172,011,335$11,000,000$3,403,313$113,517,165
92$189,403,109$11,385,617$3,363,942$124,732,316
93$208,564,013$11,785,299$3,318,420$137,081,054
94$229,674,345$12,199,581$3,266,389$150,678,707
95$252,932,790$12,629,022$3,207,475$165,652,355
96$278,558,293$13,074,204$3,141,285$182,142,035
97$306,792,129$13,535,729$3,067,407$200,302,056
98$337,900,173$14,014,227$2,985,413$220,302,457
99$372,175,419$14,510,352$2,894,852$242,330,611
100$409,940,736$15,024,784$2,795,255$266,592,991