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%16.1%
1 years$184,977$183,329$181,722$180,153$178,621$174,161
2 years$91,573$89,867$88,215$86,612$85,057$80,593
3 years$60,442$58,729$57,081$55,493$53,964$49,634
4 years$44,880$43,172$41,540$39,980$38,488$34,325
5 years$35,545$33,848$32,237$30,708$29,258$25,275
6 years$29,324$27,639$26,052$24,558$23,151$19,351
7 years$24,882$23,211$21,649$20,190$18,828$15,212
8 years$21,552$19,896$18,360$16,937$15,619$12,185
9 years$18,963$17,323$15,814$14,427$13,154$9,899
10 years$16,893$15,270$13,787$12,436$11,208$8,128
11 years$15,201$13,594$12,138$10,823$9,639$6,731
12 years$13,792$12,201$10,772$9,493$8,353$5,611
13 years$12,600$11,026$9,624$8,381$7,284$4,702
14 years$11,580$10,022$8,647$7,440$6,385$3,958
15 years$10,696$9,156$7,807$6,635$5,622$3,344
16 years$9,924$8,400$7,078$5,941$4,969$2,833
17 years$9,243$7,736$6,441$5,338$4,406$2,407
18 years$8,639$7,149$5,880$4,810$3,917$2,048
19 years$8,099$6,625$5,383$4,347$3,491$1,747
20 years$7,613$6,157$4,940$3,937$3,119$1,492
21 years$7,174$5,735$4,544$3,573$2,791$1,275
22 years$6,776$5,353$4,188$3,249$2,502$1,092
23 years$6,413$5,007$3,867$2,959$2,246$935
24 years$6,080$4,691$3,576$2,698$2,018$802
25 years$5,775$4,402$3,312$2,464$1,816$688
26 years$5,494$4,137$3,072$2,253$1,636$590
27 years$5,234$3,894$2,853$2,062$1,475$507
28 years$4,992$3,669$2,652$1,890$1,331$436
29 years$4,768$3,461$2,468$1,733$1,202$374
30 years$4,560$3,269$2,299$1,590$1,086$322
31 years$4,365$3,090$2,143$1,461$982$277
32 years$4,182$2,924$1,999$1,342$888$238
33 years$4,012$2,769$1,867$1,234$804$205
34 years$3,851$2,624$1,744$1,136$728$176
35 years$3,700$2,489$1,631$1,045$659$152
36 years$3,558$2,363$1,526$963$597$131
37 years$3,423$2,244$1,428$887$541$112
38 years$3,296$2,132$1,337$818$491$97
39 years$3,176$2,028$1,253$754$445$83
40 years$3,062$1,929$1,174$695$404$72
41 years$2,954$1,836$1,101$642$366$62
42 years$2,852$1,749$1,033$592$332$53
43 years$2,754$1,666$969$547$302$46
44 years$2,661$1,588$910$505$274$39
45 years$2,573$1,515$854$466$248$34
46 years$2,489$1,445$802$431$226$29
47 years$2,408$1,379$754$398$205$25
48 years$2,331$1,316$708$368$186$22
49 years$2,257$1,257$666$340$169$19
50 years$2,187$1,201$626$314$153$16

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 $3,553 every year, while hoping to spend $47,113 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: 53/21/26 Blend
44$2,240,000$2,240,000$2,240,000$2,240,000
45$2,472,145$2,353,425$2,318,705$2,585,108
46$2,674,176$2,418,615$2,346,254$2,728,800
47$2,895,235$2,485,420$2,373,146$2,879,970
48$3,137,213$2,553,870$2,399,311$3,043,528
49$3,402,193$2,623,994$2,424,672$3,220,678
50$3,692,468$2,695,821$2,449,150$3,412,742
51$4,010,564$2,769,380$2,472,660$3,621,182
52$4,359,261$2,844,699$2,495,114$3,847,602
53$4,741,623$2,921,807$2,516,418$4,093,775
54$5,161,025$3,000,732$2,536,474$4,361,649
55$5,621,182$3,081,500$2,555,178$4,653,374
56$6,126,187$3,164,138$2,572,422$4,971,318
57$6,680,550$3,248,673$2,588,089$5,318,089
58$7,289,236$3,335,128$2,602,061$5,696,560
59$7,957,718$3,423,529$2,614,210$6,109,899
60$8,692,022$3,513,898$2,624,402$6,561,596
61$9,498,787$3,606,258$2,632,498$7,055,494
62$10,385,328$3,700,630$2,638,352$7,595,833
63$11,359,702$3,797,031$2,641,807$8,187,280
64$12,430,787$3,895,482$2,642,704$8,834,982
65$13,608,364$3,995,996$2,640,870$9,544,609
66$14,903,206$4,098,590$2,636,129$10,322,409
67$16,327,187$4,203,274$2,628,293$11,175,269
68$17,893,385$4,310,060$2,617,166$12,110,778
69$19,616,211$4,418,954$2,602,542$13,137,299
70$21,511,543$4,529,961$2,584,206$14,264,048
71$23,596,876$4,643,084$2,561,931$15,501,185
72$25,891,483$4,758,321$2,535,482$16,859,902
73$28,416,603$4,875,668$2,504,610$18,352,537
74$31,195,638$4,995,117$2,469,056$19,992,686
75$34,254,372$5,116,656$2,428,547$21,795,334
76$37,621,215$5,240,269$2,382,801$23,776,994
77$41,327,472$5,365,935$2,331,517$25,955,866
78$45,407,637$5,493,629$2,274,387$28,352,007
79$49,899,719$5,623,320$2,211,082$30,987,523
80$54,845,600$5,754,972$2,141,262$33,886,775
81$60,291,427$5,888,543$2,064,571$37,076,613
82$66,288,054$6,023,982$1,980,636$40,586,626
83$72,891,515$6,161,236$1,889,066$44,449,425
84$80,163,553$6,300,241$1,789,453$48,700,950
85$88,172,208$6,440,926$1,681,373$53,380,809
86$96,992,454$6,583,211$1,564,379$58,532,655
87$106,706,905$6,727,009$1,438,006$64,204,596
88$117,406,598$6,872,221$1,301,768$70,449,650
89$129,191,851$7,018,740$1,155,158$77,326,250
90$142,173,208$7,166,446$997,643$84,898,792
91$156,472,482$7,315,210$828,672$93,238,245
92$172,223,907$7,464,887$647,664$102,422,822
93$189,575,402$7,615,322$454,017$112,538,720
94$208,689,965$7,766,345$247,099$123,680,936
95$229,747,217$7,917,772$26,252$135,954,160
96$252,945,091$8,069,401$0$149,473,769
97$278,501,704$8,221,015$0$164,425,016
98$306,657,412$8,372,378$0$180,901,480
99$337,677,080$8,523,238$0$199,050,510
100$371,852,585$8,673,318$0$219,042,518