Can I retire at age 45 with 12,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$990,949$982,122$973,510$965,105$956,897$937,960
2 years$490,569$481,432$472,578$463,993$455,665$436,667
3 years$323,797$314,621$305,789$297,285$289,093$270,625
4 years$240,428$231,280$222,536$214,177$206,183$188,389
5 years$190,419$181,326$172,697$164,508$156,737$139,666
6 years$157,091$148,067$139,565$131,559$124,021$107,692
7 years$133,294$124,346$115,979$108,162$100,862$85,279
8 years$115,455$106,588$98,360$90,734$83,675$68,834
9 years$101,588$92,804$84,717$77,285$70,466$56,357
10 years$90,500$81,802$73,858$66,621$60,041$46,650
11 years$81,434$72,823$65,024$57,980$51,637$38,948
12 years$73,885$65,362$57,707$50,856$44,748$32,743
13 years$67,502$59,068$51,557$44,898$39,021$27,680
14 years$62,035$53,692$46,324$39,856$34,205$23,507
15 years$57,302$49,048$41,825$35,544$30,117$20,039
16 years$53,165$45,001$37,920$31,826$26,618$17,137
17 years$49,518$41,444$34,506$28,595$23,601$14,694
18 years$46,279$38,296$31,499$25,770$20,985$12,627
19 years$43,385$35,493$28,836$23,286$18,704$10,872
20 years$40,784$32,981$26,464$21,090$16,707$9,375
21 years$38,434$30,721$24,342$19,140$14,951$8,096
22 years$36,300$28,677$22,435$17,403$13,401$7,000
23 years$34,354$26,821$20,715$15,849$12,030$6,058
24 years$32,574$25,129$19,158$14,455$10,813$5,248
25 years$30,938$23,583$17,744$13,201$9,730$4,549
26 years$29,430$22,164$16,457$12,071$8,764$3,946
27 years$28,037$20,859$15,281$11,049$7,902$3,425
28 years$26,745$19,655$14,206$10,123$7,130$2,974
29 years$25,545$18,542$13,220$9,283$6,438$2,583
30 years$24,427$17,511$12,314$8,519$5,817$2,245
31 years$23,383$16,554$11,480$7,824$5,259$1,951
32 years$22,406$15,663$10,711$7,191$4,757$1,697
33 years$21,490$14,834$10,001$6,613$4,305$1,476
34 years$20,630$14,059$9,344$6,084$3,898$1,284
35 years$19,821$13,335$8,736$5,601$3,531$1,117
36 years$19,059$12,656$8,172$5,158$3,199$972
37 years$18,339$12,021$7,649$4,753$2,899$846
38 years$17,659$11,424$7,163$4,381$2,629$736
39 years$17,016$10,863$6,711$4,039$2,384$641
40 years$16,406$10,335$6,290$3,725$2,162$558
41 years$15,827$9,838$5,898$3,437$1,961$486
42 years$15,278$9,370$5,533$3,172$1,780$423
43 years$14,755$8,927$5,192$2,928$1,615$368
44 years$14,258$8,510$4,873$2,704$1,466$321
45 years$13,784$8,115$4,576$2,497$1,331$279
46 years$13,332$7,741$4,298$2,307$1,209$243
47 years$12,900$7,387$4,038$2,131$1,097$212
48 years$12,488$7,052$3,794$1,969$997$184
49 years$12,094$6,735$3,567$1,820$905$161
50 years$11,716$6,433$3,353$1,682$822$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $12,000,000, adding $2,270 every year, while hoping to spend $57,415 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: 54/22/24 Blend
44$12,000,000$12,000,000$12,000,000$12,000,000
45$13,226,342$12,590,342$12,404,342$13,852,930
46$14,514,339$13,146,179$12,758,798$14,840,275
47$15,931,788$13,727,328$13,123,204$15,908,418
48$17,491,832$14,334,969$13,497,833$17,070,070
49$19,208,954$14,970,337$13,882,965$18,334,204
50$21,099,109$15,634,726$14,278,886$19,710,686
51$23,179,882$16,329,491$14,685,893$21,210,365
52$25,470,647$17,056,053$15,104,287$22,845,173
53$27,992,752$17,815,898$15,534,379$24,628,236
54$30,769,720$18,610,585$15,976,489$26,573,990
55$33,827,473$19,441,746$16,430,943$28,698,318
56$37,194,573$20,311,089$16,898,078$31,018,695
57$40,902,494$21,220,406$17,378,237$33,554,349
58$44,985,915$22,171,573$17,871,775$36,326,439
59$49,483,054$23,166,556$18,379,055$39,358,251
60$54,436,021$24,207,412$18,900,449$42,675,410
61$59,891,220$25,296,300$19,436,338$46,306,125
62$65,899,785$26,435,479$19,987,116$50,281,443
63$72,518,063$27,627,318$20,553,185$54,635,542
64$79,808,145$28,874,296$21,134,956$59,406,045
65$87,838,452$30,179,013$21,732,854$64,634,374
66$96,684,382$31,544,193$22,347,312$70,366,133
67$106,429,019$32,972,688$22,978,777$76,651,532
68$117,163,917$34,467,488$23,627,704$83,545,858
69$128,989,969$36,031,727$24,294,564$91,109,989
70$142,018,350$37,668,686$24,979,837$99,410,961
71$156,371,575$39,381,806$25,684,015$108,522,596
72$172,184,652$41,174,690$26,407,605$118,526,191
73$189,606,352$43,051,115$27,151,125$129,511,279
74$208,800,619$45,015,039$27,915,108$141,576,465
75$229,948,116$47,070,610$28,700,098$154,830,350
76$253,247,928$49,222,174$29,506,655$169,392,548
77$278,919,441$51,474,285$30,335,353$185,394,805
78$307,204,416$53,831,717$31,186,778$202,982,235
79$338,369,267$56,299,471$32,061,536$222,314,681
80$372,707,577$58,882,790$32,960,242$243,568,212
81$410,542,871$61,587,168$33,883,532$266,936,777
82$452,231,668$64,418,363$34,832,054$292,634,022
83$498,166,845$67,382,410$35,806,475$320,895,299
84$548,781,347$70,485,632$36,807,476$351,979,875
85$604,552,276$73,734,660$37,835,757$386,173,367
86$666,005,389$77,136,439$38,892,036$423,790,424
87$733,720,066$80,698,252$39,977,047$465,177,687
88$808,334,778$84,427,731$41,091,543$510,717,045
89$890,553,110$88,332,875$42,236,295$560,829,227
90$981,150,411$92,422,069$43,412,094$615,977,758
91$1,080,981,104$96,704,101$44,619,750$676,673,318
92$1,190,986,758$101,188,184$45,860,093$743,478,548
93$1,312,204,975$105,883,972$47,133,974$817,013,344
94$1,445,779,183$110,801,588$48,442,263$897,960,690
95$1,592,969,433$115,951,639$49,785,852$987,073,087
96$1,755,164,294$121,345,248$51,165,656$1,085,179,638
97$1,933,893,957$126,994,070$52,582,611$1,193,193,854
98$2,130,844,688$132,910,327$54,037,676$1,312,122,254
99$2,347,874,739$139,106,827$55,531,832$1,443,073,849
100$2,587,031,899$145,596,997$57,066,084$1,587,270,585