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

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 $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%12.8%
1 years$990,949$982,122$973,510$965,105$956,897$945,724
2 years$490,569$481,432$472,578$463,993$455,665$444,419
3 years$323,797$314,621$305,789$297,285$289,093$278,123
4 years$240,428$231,280$222,536$214,177$206,183$195,574
5 years$190,419$181,326$172,697$164,508$156,737$146,519
6 years$157,091$148,067$139,565$131,559$124,021$114,207
7 years$133,294$124,346$115,979$108,162$100,862$91,456
8 years$115,455$106,588$98,360$90,734$83,675$74,676
9 years$101,588$92,804$84,717$77,285$70,466$61,871
10 years$90,500$81,802$73,858$66,621$60,041$51,844
11 years$81,434$72,823$65,024$57,980$51,637$43,830
12 years$73,885$65,362$57,707$50,856$44,748$37,323
13 years$67,502$59,068$51,557$44,898$39,021$31,970
14 years$62,035$53,692$46,324$39,856$34,205$27,517
15 years$57,302$49,048$41,825$35,544$30,117$23,781
16 years$53,165$45,001$37,920$31,826$26,618$20,623
17 years$49,518$41,444$34,506$28,595$23,601$17,936
18 years$46,279$38,296$31,499$25,770$20,985$15,638
19 years$43,385$35,493$28,836$23,286$18,704$13,663
20 years$40,784$32,981$26,464$21,090$16,707$11,959
21 years$38,434$30,721$24,342$19,140$14,951$10,485
22 years$36,300$28,677$22,435$17,403$13,401$9,205
23 years$34,354$26,821$20,715$15,849$12,030$8,090
24 years$32,574$25,129$19,158$14,455$10,813$7,118
25 years$30,938$23,583$17,744$13,201$9,730$6,269
26 years$29,430$22,164$16,457$12,071$8,764$5,525
27 years$28,037$20,859$15,281$11,049$7,902$4,873
28 years$26,745$19,655$14,206$10,123$7,130$4,300
29 years$25,545$18,542$13,220$9,283$6,438$3,797
30 years$24,427$17,511$12,314$8,519$5,817$3,354
31 years$23,383$16,554$11,480$7,824$5,259$2,964
32 years$22,406$15,663$10,711$7,191$4,757$2,621
33 years$21,490$14,834$10,001$6,613$4,305$2,317
34 years$20,630$14,059$9,344$6,084$3,898$2,050
35 years$19,821$13,335$8,736$5,601$3,531$1,814
36 years$19,059$12,656$8,172$5,158$3,199$1,605
37 years$18,339$12,021$7,649$4,753$2,899$1,421
38 years$17,659$11,424$7,163$4,381$2,629$1,258
39 years$17,016$10,863$6,711$4,039$2,384$1,114
40 years$16,406$10,335$6,290$3,725$2,162$987
41 years$15,827$9,838$5,898$3,437$1,961$874
42 years$15,278$9,370$5,533$3,172$1,780$774
43 years$14,755$8,927$5,192$2,928$1,615$686
44 years$14,258$8,510$4,873$2,704$1,466$608
45 years$13,784$8,115$4,576$2,497$1,331$538
46 years$13,332$7,741$4,298$2,307$1,209$477
47 years$12,900$7,387$4,038$2,131$1,097$423
48 years$12,488$7,052$3,794$1,969$997$375
49 years$12,094$6,735$3,567$1,820$905$332
50 years$11,716$6,433$3,353$1,682$822$294

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 $6,523 every year, while hoping to spend $44,743 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: 36/50/14 Blend
44$12,000,000$12,000,000$12,000,000$12,000,000
45$13,230,728$12,594,728$12,408,728$13,649,805
46$14,532,657$13,164,264$12,776,815$14,521,867
47$15,965,882$13,760,207$13,155,732$15,457,953
48$17,543,749$14,383,805$13,545,797$16,467,541
49$19,280,963$15,036,363$13,947,333$17,557,199
50$21,193,728$15,719,251$14,360,674$18,734,121
51$23,299,896$16,433,902$14,786,165$20,006,191
52$25,619,143$17,181,821$15,224,159$21,382,054
53$28,173,146$17,964,581$15,675,019$22,871,190
54$30,985,795$18,783,833$16,139,120$24,483,995
55$34,083,412$19,641,307$16,616,846$26,231,876
56$37,495,003$20,538,814$17,108,594$28,127,347
57$41,252,532$21,478,254$17,614,770$30,184,143
58$45,391,219$22,461,618$18,135,794$32,417,344
59$49,949,877$23,490,991$18,672,097$34,843,501
60$54,971,274$24,568,559$19,224,121$37,480,795
61$60,502,538$25,696,612$19,792,324$40,349,188
62$66,595,603$26,877,553$20,377,173$43,470,611
63$73,307,698$28,113,896$20,979,152$46,869,158
64$80,701,886$29,408,279$21,598,756$50,571,302
65$88,847,660$30,763,467$22,236,496$54,606,137
66$97,821,600$32,182,355$22,892,897$59,005,638
67$107,708,093$33,667,981$23,568,499$63,804,955
68$118,600,133$35,223,526$24,263,858$69,042,729
69$130,600,193$36,852,326$24,979,544$74,761,447
70$143,821,200$38,557,877$25,716,146$81,007,827
71$158,387,592$40,343,843$26,474,267$87,833,246
72$174,436,500$42,214,065$27,254,529$95,294,211
73$192,119,039$44,172,569$28,057,571$103,452,876
74$211,601,731$46,223,576$28,884,050$112,377,615
75$233,068,085$48,371,508$29,734,642$122,143,645
76$256,720,320$50,621,002$30,610,044$132,833,724
77$282,781,281$52,976,920$31,510,969$144,538,913
78$311,496,538$55,444,355$32,438,152$157,359,412
79$343,136,706$58,028,649$33,392,351$171,405,491
80$377,999,997$60,735,401$34,374,342$186,798,507
81$416,415,040$63,570,478$35,384,926$203,672,026
82$458,743,977$66,540,035$36,424,924$222,173,064
83$505,385,885$69,650,519$37,495,181$242,463,449
84$556,780,544$72,908,693$38,596,569$264,721,321
85$613,412,585$76,321,645$39,729,979$289,142,792
86$675,816,067$79,896,804$40,896,332$315,943,763
87$744,579,520$83,641,961$42,096,573$345,361,940
88$820,351,497$87,565,283$43,331,674$377,659,040
89$903,846,699$91,675,331$44,602,634$413,123,235
90$995,852,720$95,981,081$45,910,481$452,071,837
91$1,097,237,486$100,491,942$47,256,271$494,854,258
92$1,208,957,444$105,217,781$48,641,090$541,855,271
93$1,332,066,592$110,168,941$50,066,055$593,498,605
94$1,467,726,431$115,356,266$51,532,314$650,250,906
95$1,617,216,928$120,791,124$53,041,048$712,626,096
96$1,781,948,602$126,485,437$54,593,470$781,190,184
97$1,963,475,836$132,451,700$56,190,828$856,566,561
98$2,163,511,555$138,703,017$57,834,405$939,441,837
99$2,383,943,395$145,253,126$59,525,519$1,030,572,272
100$2,626,851,523$152,116,431$61,265,525$1,130,790,861