Can I retire at age 45 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$183,326$181,693$180,099$178,544$177,026$174,022
2 years$90,755$89,065$87,427$85,839$84,298$81,281
3 years$59,902$58,205$56,571$54,998$53,482$50,545
4 years$44,479$42,787$41,169$39,623$38,144$35,310
5 years$35,228$33,545$31,949$30,434$28,996$26,274
6 years$29,062$27,392$25,820$24,338$22,944$20,337
7 years$24,659$23,004$21,456$20,010$18,660$16,168
8 years$21,359$19,719$18,197$16,786$15,480$13,103
9 years$18,794$17,169$15,673$14,298$13,036$10,773
10 years$16,742$15,133$13,664$12,325$11,108$8,956
11 years$15,065$13,472$12,029$10,726$9,553$7,510
12 years$13,669$12,092$10,676$9,408$8,278$6,342
13 years$12,488$10,928$9,538$8,306$7,219$5,386
14 years$11,477$9,933$8,570$7,373$6,328$4,596
15 years$10,601$9,074$7,738$6,576$5,572$3,937
16 years$9,835$8,325$7,015$5,888$4,924$3,383
17 years$9,161$7,667$6,384$5,290$4,366$2,916
18 years$8,562$7,085$5,827$4,768$3,882$2,518
19 years$8,026$6,566$5,335$4,308$3,460$2,179
20 years$7,545$6,102$4,896$3,902$3,091$1,889
21 years$7,110$5,683$4,503$3,541$2,766$1,640
22 years$6,715$5,305$4,150$3,220$2,479$1,426
23 years$6,356$4,962$3,832$2,932$2,226$1,241
24 years$6,026$4,649$3,544$2,674$2,000$1,081
25 years$5,724$4,363$3,283$2,442$1,800$942
26 years$5,445$4,100$3,044$2,233$1,621$822
27 years$5,187$3,859$2,827$2,044$1,462$717
28 years$4,948$3,636$2,628$1,873$1,319$626
29 years$4,726$3,430$2,446$1,717$1,191$547
30 years$4,519$3,240$2,278$1,576$1,076$478
31 years$4,326$3,062$2,124$1,448$973$418
32 years$4,145$2,898$1,982$1,330$880$366
33 years$3,976$2,744$1,850$1,223$797$320
34 years$3,817$2,601$1,729$1,126$721$280
35 years$3,667$2,467$1,616$1,036$653$245
36 years$3,526$2,341$1,512$954$592$214
37 years$3,393$2,224$1,415$879$536$188
38 years$3,267$2,113$1,325$810$486$164
39 years$3,148$2,010$1,242$747$441$144
40 years$3,035$1,912$1,164$689$400$126
41 years$2,928$1,820$1,091$636$363$110
42 years$2,826$1,733$1,024$587$329$97
43 years$2,730$1,652$960$542$299$85
44 years$2,638$1,574$902$500$271$74
45 years$2,550$1,501$847$462$246$65
46 years$2,466$1,432$795$427$224$57
47 years$2,387$1,367$747$394$203$50
48 years$2,310$1,305$702$364$184$44
49 years$2,237$1,246$660$337$167$38
50 years$2,167$1,190$620$311$152$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,220,000, adding $2,133 every year, while hoping to spend $35,570 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: 59/19/22 Blend
44$2,220,000$2,220,000$2,220,000$2,220,000
45$2,448,640$2,330,980$2,296,570$2,578,647
46$2,660,555$2,407,352$2,335,659$2,743,617
47$2,892,894$2,486,274$2,374,865$2,919,414
48$3,147,701$2,567,833$2,414,155$3,110,368
49$3,427,230$2,652,121$2,453,493$3,317,953
50$3,733,962$2,739,230$2,492,840$3,543,793
51$4,070,632$2,829,257$2,532,156$3,789,676
52$4,440,249$2,922,304$2,571,396$4,057,568
53$4,846,132$3,018,475$2,610,515$4,349,637
54$5,291,934$3,117,876$2,649,464$4,668,270
55$5,781,679$3,220,620$2,688,189$5,016,093
56$6,319,803$3,326,823$2,726,636$5,396,000
57$6,911,190$3,436,604$2,764,745$5,811,178
58$7,561,221$3,550,087$2,802,453$6,265,137
59$8,275,825$3,667,402$2,839,696$6,761,741
60$9,061,536$3,788,680$2,876,401$7,305,249
61$9,925,548$3,914,061$2,912,496$7,900,350
62$10,875,791$4,043,687$2,947,902$8,552,211
63$11,921,001$4,177,707$2,982,536$9,266,523
64$13,070,802$4,316,274$3,016,311$10,049,553
65$14,335,800$4,459,548$3,049,133$10,908,208
66$15,727,678$4,607,692$3,080,906$11,850,095
67$17,259,312$4,760,879$3,111,526$12,883,597
68$18,944,885$4,919,286$3,140,886$14,017,946
69$20,800,028$5,083,096$3,168,870$15,263,316
70$22,841,963$5,252,499$3,195,359$16,630,915
71$25,089,666$5,427,694$3,220,226$18,133,092
72$27,564,045$5,608,885$3,243,338$19,783,451
73$30,288,142$5,796,284$3,264,553$21,596,983
74$33,287,342$5,990,112$3,283,726$23,590,206
75$36,589,619$6,190,596$3,300,699$25,781,316
76$40,225,798$6,397,973$3,315,310$28,190,367
77$44,229,845$6,612,489$3,327,388$30,839,452
78$48,639,186$6,834,398$3,336,753$33,752,915
79$53,495,064$7,063,964$3,343,215$36,957,581
80$58,842,924$7,301,462$3,346,576$40,483,008
81$64,732,844$7,547,175$3,346,628$44,361,763
82$71,220,005$7,801,398$3,343,151$48,629,736
83$78,365,216$8,064,437$3,335,917$53,326,471
84$86,235,483$8,336,609$3,324,685$58,495,542
85$94,904,643$8,618,244$3,309,203$64,184,967
86$104,454,061$8,909,682$3,289,206$70,447,654
87$114,973,398$9,211,279$3,264,417$77,341,909
88$126,561,455$9,523,403$3,234,546$84,931,976
89$139,327,109$9,846,435$3,199,288$93,288,653
90$153,390,335$10,180,771$3,158,326$102,489,952
91$168,883,344$10,526,824$3,111,325$112,621,841
92$185,951,827$10,885,020$3,057,935$123,779,050
93$204,756,330$11,255,802$2,997,793$136,065,969
94$225,473,771$11,639,632$2,930,514$149,597,632
95$248,299,108$12,036,986$2,855,699$164,500,802
96$273,447,181$12,448,362$2,772,928$180,915,166
97$301,154,736$12,874,275$2,681,764$198,994,657
98$331,682,664$13,315,259$2,581,748$218,908,903
99$365,318,460$13,771,871$2,472,401$240,844,829
100$402,378,938$14,244,688$2,353,222$265,008,425