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%19.1%
1 years$184,151$182,511$180,911$179,349$177,823$171,310
2 years$91,164$89,466$87,821$86,225$84,678$78,188
3 years$60,172$58,467$56,826$55,245$53,723$47,461
4 years$44,679$42,980$41,355$39,801$38,316$32,329
5 years$35,386$33,696$32,093$30,571$29,127$23,432
6 years$29,193$27,516$25,936$24,448$23,047$17,647
7 years$24,771$23,108$21,553$20,100$18,744$13,638
8 years$21,455$19,808$18,278$16,861$15,550$10,733
9 years$18,878$17,246$15,743$14,362$13,095$8,562
10 years$16,818$15,202$13,725$12,380$11,158$6,899
11 years$15,133$13,533$12,084$10,775$9,596$5,603
12 years$13,730$12,147$10,724$9,451$8,316$4,579
13 years$12,544$10,977$9,581$8,344$7,251$3,760
14 years$11,528$9,978$8,609$7,407$6,357$3,100
15 years$10,649$9,115$7,772$6,605$5,597$2,564
16 years$9,880$8,363$7,047$5,914$4,946$2,126
17 years$9,202$7,702$6,412$5,314$4,386$1,767
18 years$8,600$7,117$5,854$4,789$3,900$1,471
19 years$8,062$6,596$5,359$4,327$3,476$1,226
20 years$7,579$6,129$4,918$3,919$3,105$1,023
21 years$7,142$5,709$4,524$3,557$2,778$855
22 years$6,746$5,329$4,169$3,234$2,490$715
23 years$6,384$4,984$3,850$2,945$2,236$598
24 years$6,053$4,670$3,560$2,686$2,009$501
25 years$5,749$4,382$3,297$2,453$1,808$419
26 years$5,469$4,119$3,058$2,243$1,629$351
27 years$5,210$3,876$2,840$2,053$1,468$295
28 years$4,970$3,653$2,640$1,881$1,325$247
29 years$4,747$3,446$2,457$1,725$1,196$207
30 years$4,539$3,254$2,288$1,583$1,081$174
31 years$4,345$3,076$2,133$1,454$977$146
32 years$4,164$2,911$1,990$1,336$884$122
33 years$3,994$2,757$1,858$1,229$800$103
34 years$3,834$2,613$1,736$1,131$724$86
35 years$3,683$2,478$1,623$1,041$656$72
36 years$3,542$2,352$1,519$959$594$61
37 years$3,408$2,234$1,421$883$539$51
38 years$3,282$2,123$1,331$814$488$43
39 years$3,162$2,019$1,247$751$443$36
40 years$3,049$1,921$1,169$692$402$30
41 years$2,941$1,828$1,096$639$365$25
42 years$2,839$1,741$1,028$589$331$21
43 years$2,742$1,659$965$544$300$18
44 years$2,650$1,581$906$502$272$15
45 years$2,561$1,508$850$464$247$13
46 years$2,477$1,439$799$429$225$11
47 years$2,397$1,373$750$396$204$9
48 years$2,321$1,311$705$366$185$7
49 years$2,247$1,252$663$338$168$6
50 years$2,177$1,195$623$313$153$5

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 $4,954 every year, while hoping to spend $32,577 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: 51/41/8 Blend
44$2,230,000$2,230,000$2,230,000$2,230,000
45$2,462,570$2,344,380$2,309,815$2,582,901
46$2,679,091$2,424,593$2,352,532$2,745,595
47$2,916,604$2,507,645$2,395,588$2,918,444
48$3,177,218$2,593,639$2,438,961$3,105,570
49$3,463,253$2,682,686$2,482,625$3,308,322
50$3,777,265$2,774,898$2,526,553$3,528,184
51$4,122,070$2,870,392$2,570,717$3,766,787
52$4,500,770$2,969,291$2,615,085$4,025,923
53$4,916,783$3,071,720$2,659,624$4,307,565
54$5,373,872$3,177,812$2,704,299$4,613,883
55$5,876,186$3,287,703$2,749,071$4,947,262
56$6,428,291$3,401,535$2,793,900$5,310,329
57$7,035,223$3,519,456$2,838,741$5,705,972
58$7,702,526$3,641,619$2,883,549$6,137,371
59$8,436,309$3,768,185$2,928,274$6,608,023
60$9,243,305$3,899,318$2,972,863$7,121,778
61$10,130,928$4,035,191$3,017,261$7,682,875
62$11,107,351$4,175,983$3,061,407$8,295,977
63$12,181,575$4,321,881$3,105,239$8,966,220
64$13,363,521$4,473,078$3,148,689$9,699,256
65$14,664,116$4,629,775$3,191,686$10,501,308
66$16,095,405$4,792,182$3,234,156$11,379,229
67$17,670,654$4,960,517$3,276,019$12,340,563
68$19,404,485$5,135,007$3,317,189$13,393,617
69$21,313,006$5,315,886$3,357,579$14,547,540
70$23,413,968$5,503,400$3,397,093$15,812,404
71$25,726,930$5,697,803$3,435,633$17,199,305
72$28,273,443$5,899,362$3,473,093$18,720,459
73$31,077,255$6,108,352$3,509,363$20,389,323
74$34,164,534$6,325,060$3,544,325$22,220,719
75$37,564,113$6,549,784$3,577,856$24,230,969
76$41,307,765$6,782,836$3,609,827$26,438,054
77$45,430,501$7,024,539$3,640,100$28,861,778
78$49,970,901$7,275,230$3,668,532$31,523,958
79$54,971,476$7,535,259$3,694,971$34,448,623
80$60,479,071$7,804,992$3,719,257$37,662,246
81$66,545,306$8,084,807$3,741,223$41,193,988
82$73,227,065$8,375,100$3,760,691$45,075,973
83$80,587,029$8,676,282$3,777,477$49,343,593
84$88,694,269$8,988,784$3,791,386$54,035,835
85$97,624,899$9,313,049$3,802,212$59,195,652
86$107,462,795$9,649,544$3,809,742$64,870,365
87$118,300,380$9,998,752$3,813,748$71,112,109
88$130,239,505$10,361,177$3,813,995$77,978,323
89$143,392,404$10,737,344$3,810,233$85,532,290
90$157,882,755$11,127,800$3,802,202$93,843,734
91$173,846,849$11,533,115$3,789,629$102,989,476
92$191,434,871$11,953,881$3,772,225$113,054,155
93$210,812,325$12,390,718$3,749,692$124,131,028
94$232,161,589$12,844,270$3,721,713$136,322,847
95$255,683,639$13,315,208$3,687,959$149,742,826
96$281,599,948$13,804,231$3,648,083$164,515,710
97$310,154,573$14,312,068$3,601,724$180,778,948
98$341,616,459$14,839,479$3,548,502$198,683,989
99$376,281,981$15,387,257$3,488,019$218,397,708
100$414,477,736$15,956,225$3,419,861$240,103,981