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%15.7%
1 years$184,977$183,329$181,722$180,153$178,621$174,444
2 years$91,573$89,867$88,215$86,612$85,057$80,874
3 years$60,442$58,729$57,081$55,493$53,964$49,903
4 years$44,880$43,172$41,540$39,980$38,488$34,581
5 years$35,545$33,848$32,237$30,708$29,258$25,517
6 years$29,324$27,639$26,052$24,558$23,151$19,579
7 years$24,882$23,211$21,649$20,190$18,828$15,426
8 years$21,552$19,896$18,360$16,937$15,619$12,386
9 years$18,963$17,323$15,814$14,427$13,154$10,086
10 years$16,893$15,270$13,787$12,436$11,208$8,303
11 years$15,201$13,594$12,138$10,823$9,639$6,893
12 years$13,792$12,201$10,772$9,493$8,353$5,761
13 years$12,600$11,026$9,624$8,381$7,284$4,841
14 years$11,580$10,022$8,647$7,440$6,385$4,086
15 years$10,696$9,156$7,807$6,635$5,622$3,461
16 years$9,924$8,400$7,078$5,941$4,969$2,941
17 years$9,243$7,736$6,441$5,338$4,406$2,506
18 years$8,639$7,149$5,880$4,810$3,917$2,139
19 years$8,099$6,625$5,383$4,347$3,491$1,829
20 years$7,613$6,157$4,940$3,937$3,119$1,567
21 years$7,174$5,735$4,544$3,573$2,791$1,344
22 years$6,776$5,353$4,188$3,249$2,502$1,154
23 years$6,413$5,007$3,867$2,959$2,246$992
24 years$6,080$4,691$3,576$2,698$2,018$853
25 years$5,775$4,402$3,312$2,464$1,816$734
26 years$5,494$4,137$3,072$2,253$1,636$632
27 years$5,234$3,894$2,853$2,062$1,475$545
28 years$4,992$3,669$2,652$1,890$1,331$469
29 years$4,768$3,461$2,468$1,733$1,202$405
30 years$4,560$3,269$2,299$1,590$1,086$349
31 years$4,365$3,090$2,143$1,461$982$301
32 years$4,182$2,924$1,999$1,342$888$260
33 years$4,012$2,769$1,867$1,234$804$224
34 years$3,851$2,624$1,744$1,136$728$194
35 years$3,700$2,489$1,631$1,045$659$167
36 years$3,558$2,363$1,526$963$597$144
37 years$3,423$2,244$1,428$887$541$125
38 years$3,296$2,132$1,337$818$491$108
39 years$3,176$2,028$1,253$754$445$93
40 years$3,062$1,929$1,174$695$404$80
41 years$2,954$1,836$1,101$642$366$70
42 years$2,852$1,749$1,033$592$332$60
43 years$2,754$1,666$969$547$302$52
44 years$2,661$1,588$910$505$274$45
45 years$2,573$1,515$854$466$248$39
46 years$2,489$1,445$802$431$226$33
47 years$2,408$1,379$754$398$205$29
48 years$2,331$1,316$708$368$186$25
49 years$2,257$1,257$666$340$169$22
50 years$2,187$1,201$626$314$153$19

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 $2,502 every year, while hoping to spend $45,037 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: 47/36/17 Blend
44$2,240,000$2,240,000$2,240,000$2,240,000
45$2,471,061$2,352,341$2,317,621$2,575,210
46$2,675,190$2,419,686$2,347,342$2,715,190
47$2,898,631$2,488,823$2,376,550$2,862,267
48$3,143,306$2,559,790$2,405,179$3,020,935
49$3,411,331$2,632,628$2,433,161$3,192,293
50$3,705,039$2,707,378$2,460,423$3,377,553
51$4,026,996$2,784,083$2,486,890$3,578,046
52$4,380,030$2,862,783$2,512,482$3,795,239
53$4,767,256$2,943,522$2,537,112$4,030,745
54$5,192,102$3,026,341$2,560,692$4,286,343
55$5,658,349$3,111,284$2,583,128$4,563,988
56$6,170,158$3,198,394$2,604,319$4,865,836
57$6,732,112$3,287,714$2,624,162$5,194,259
58$7,349,263$3,379,287$2,642,547$5,551,869
59$8,027,173$3,473,158$2,659,358$5,941,545
60$8,771,971$3,569,369$2,674,473$6,366,455
61$9,590,408$3,667,964$2,687,764$6,830,091
62$10,489,922$3,768,987$2,699,096$7,336,298
63$11,478,708$3,872,480$2,708,329$7,889,312
64$12,565,792$3,978,488$2,715,314$8,493,798
65$13,761,121$4,087,052$2,719,895$9,154,898
66$15,075,652$4,198,214$2,721,909$9,878,273
67$16,521,459$4,312,017$2,721,183$10,670,164
68$18,111,843$4,428,501$2,717,538$11,537,442
69$19,861,459$4,547,706$2,710,784$12,487,681
70$21,786,456$4,669,672$2,700,723$13,529,225
71$23,904,626$4,794,437$2,687,148$14,671,268
72$26,235,571$4,922,037$2,669,841$15,923,937
73$28,800,891$5,052,510$2,648,573$17,298,395
74$31,624,388$5,185,888$2,623,106$18,806,940
75$34,732,283$5,322,204$2,593,188$20,463,122
76$38,153,474$5,461,490$2,558,557$22,281,873
77$41,919,798$5,603,773$2,518,939$24,279,647
78$46,066,340$5,749,080$2,474,046$26,474,575
79$50,631,757$5,897,436$2,423,576$28,886,634
80$55,658,646$6,048,860$2,367,216$31,537,842
81$61,193,944$6,203,370$2,304,634$34,452,458
82$67,289,374$6,360,983$2,235,487$37,657,215
83$74,001,927$6,521,709$2,159,413$41,181,574
84$81,394,406$6,685,554$2,076,036$45,057,999
85$89,536,012$6,852,523$1,984,960$49,322,265
86$98,503,003$7,022,614$1,885,773$54,013,795
87$108,379,407$7,195,821$1,778,045$59,176,035
88$119,257,822$7,372,131$1,661,324$64,856,859
89$131,240,282$7,551,527$1,535,141$71,109,027
90$144,439,224$7,733,986$1,399,002$77,990,681
91$158,978,551$7,919,477$1,252,394$85,565,891
92$174,994,794$8,107,962$1,094,780$93,905,266
93$192,638,408$8,299,397$925,600$103,086,617
94$212,075,186$8,493,728$744,268$113,195,692
95$233,487,827$8,690,893$550,173$124,326,987
96$257,077,657$8,890,819$342,676$136,584,640
97$283,066,534$9,093,424$121,111$150,083,410
98$311,698,935$9,298,617$0$164,949,766
99$343,244,269$9,506,291$0$181,344,001
100$377,999,416$9,716,331$0$199,423,586