Can I retire at age 45 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,007,465$998,491$989,735$981,190$972,845$966,309
2 years$498,745$489,456$480,454$471,726$463,260$456,668
3 years$329,194$319,865$310,886$302,239$293,911$287,467
4 years$244,435$235,135$226,245$217,746$209,620$203,374
5 years$193,593$184,348$175,575$167,250$159,350$153,320
6 years$159,709$150,534$141,891$133,751$126,088$120,283
7 years$135,516$126,419$117,912$109,964$102,543$96,965
8 years$117,379$108,364$99,999$92,246$85,069$79,718
9 years$103,281$94,350$86,129$78,573$71,641$66,515
10 years$92,008$83,165$75,089$67,731$61,042$56,139
11 years$82,791$74,037$66,107$58,946$52,498$47,814
12 years$75,116$66,452$58,669$51,704$45,493$41,026
13 years$68,627$60,053$52,416$45,647$39,671$35,414
14 years$63,069$54,586$47,096$40,520$34,776$30,724
15 years$58,257$49,866$42,522$36,137$30,619$26,768
16 years$54,051$45,751$38,552$32,357$27,061$23,405
17 years$50,343$42,135$35,081$29,072$23,994$20,526
18 years$47,051$38,934$32,024$26,200$21,335$18,049
19 years$44,109$36,084$29,317$23,674$19,016$15,907
20 years$41,464$33,531$26,906$21,441$16,986$14,046
21 years$39,074$31,233$24,748$19,459$15,200$12,424
22 years$36,905$29,155$22,809$17,693$13,625$11,006
23 years$34,927$27,268$21,060$16,113$12,230$9,763
24 years$33,116$25,548$19,477$14,696$10,993$8,669
25 years$31,453$23,976$18,040$13,421$9,892$7,706
26 years$29,921$22,533$16,731$12,272$8,910$6,856
27 years$28,504$21,206$15,536$11,233$8,033$6,105
28 years$27,191$19,983$14,443$10,292$7,249$5,439
29 years$25,971$18,851$13,440$9,438$6,545$4,850
30 years$24,834$17,803$12,519$8,661$5,914$4,326
31 years$23,772$16,830$11,671$7,955$5,347$3,861
32 years$22,779$15,925$10,889$7,311$4,837$3,447
33 years$21,848$15,081$10,167$6,723$4,377$3,079
34 years$20,974$14,293$9,500$6,186$3,963$2,751
35 years$20,152$13,557$8,882$5,694$3,590$2,459
36 years$19,376$12,867$8,309$5,244$3,252$2,198
37 years$18,645$12,221$7,777$4,832$2,948$1,966
38 years$17,954$11,614$7,283$4,454$2,672$1,758
39 years$17,299$11,044$6,823$4,106$2,423$1,573
40 years$16,679$10,508$6,395$3,788$2,198$1,407
41 years$16,091$10,002$5,997$3,495$1,994$1,259
42 years$15,532$9,526$5,625$3,225$1,809$1,127
43 years$15,001$9,076$5,278$2,977$1,642$1,009
44 years$14,495$8,651$4,955$2,749$1,491$903
45 years$14,013$8,250$4,652$2,539$1,353$809
46 years$13,554$7,870$4,370$2,345$1,229$724
47 years$13,115$7,511$4,105$2,166$1,116$648
48 years$12,696$7,170$3,858$2,002$1,013$581
49 years$12,295$6,847$3,626$1,850$920$520
50 years$11,911$6,540$3,409$1,710$836$466

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $12,200,000, adding $2,009 every year, while hoping to spend $23,275 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: 61/12/27 Blend
44$12,200,000$12,200,000$12,200,000$12,200,000
45$13,446,472$12,799,872$12,610,772$14,169,049
46$14,793,248$13,402,302$13,008,469$15,263,258
47$16,276,615$14,033,470$13,418,708$16,454,393
48$17,910,480$14,694,761$13,841,886$17,754,101
49$19,710,170$15,387,625$14,278,410$19,172,980
50$21,692,572$16,113,583$14,728,701$20,722,692
51$23,876,296$16,874,230$15,193,194$22,416,068
52$26,281,849$17,671,238$15,672,337$24,267,229
53$28,931,829$18,506,360$16,166,591$26,291,715
54$31,851,137$19,381,434$16,676,434$28,506,630
55$35,067,215$20,298,386$17,202,356$30,930,801
56$38,610,302$21,259,238$17,744,866$33,584,951
57$42,513,720$22,266,107$18,304,486$36,491,893
58$46,814,189$23,321,216$18,881,756$39,676,741
59$51,552,175$24,426,894$19,477,233$43,167,144
60$56,772,267$25,585,582$20,091,491$46,993,546
61$62,523,605$26,799,842$20,725,122$51,189,466
62$68,860,337$28,072,359$21,378,738$55,791,812
63$75,842,134$29,405,947$22,052,969$60,841,227
64$83,534,753$30,803,560$22,748,465$66,382,468
65$92,010,656$32,268,293$23,465,896$72,464,820
66$101,349,694$33,803,391$24,205,955$79,142,565
67$111,639,864$35,412,258$24,969,356$86,475,483
68$122,978,135$37,098,464$25,756,835$94,529,413
69$135,471,367$38,865,750$26,569,150$103,376,870
70$149,237,316$40,718,042$27,407,087$113,097,728
71$164,405,750$42,659,454$28,271,452$123,779,961
72$181,119,670$44,694,301$29,163,079$135,520,474
73$199,536,663$46,827,108$30,082,829$148,426,009
74$219,830,388$49,062,621$31,031,588$162,614,148
75$242,192,213$51,405,815$32,010,272$178,214,416
76$266,833,026$53,861,907$33,019,824$195,369,495
77$293,985,225$56,436,371$34,061,218$214,236,567
78$323,904,907$59,134,943$35,135,458$234,988,791
79$356,874,293$61,963,640$36,243,581$257,816,927
80$393,204,385$64,928,773$37,386,656$282,931,129
81$433,237,908$68,036,958$38,565,784$310,562,924
82$477,352,540$71,295,134$39,782,103$340,967,387
83$525,964,482$74,710,578$41,036,786$374,425,540
84$579,532,384$78,290,922$42,331,044$411,246,995
85$638,561,678$82,044,168$43,666,124$451,772,868
86$703,609,344$85,978,707$45,043,315$496,378,991
87$775,289,176$90,103,343$46,463,945$545,479,444
88$854,277,568$94,427,303$47,929,383$599,530,459
89$941,319,907$98,960,267$49,441,044$659,034,712
90$1,037,237,604$103,712,387$51,000,385$724,546,058
91$1,142,935,852$108,694,306$52,608,911$796,674,745
92$1,259,412,172$113,917,191$54,268,173$876,093,165
93$1,387,765,829$119,392,748$55,979,772$963,542,187
94$1,529,208,207$125,133,256$57,745,357$1,059,838,134
95$1,685,074,250$131,151,592$59,566,634$1,165,880,479
96$1,856,835,065$137,461,261$61,445,357$1,282,660,318
97$2,046,111,805$144,076,426$63,383,340$1,411,269,713
98$2,254,690,979$151,011,941$65,382,451$1,552,911,983
99$2,484,541,315$158,283,382$67,444,619$1,708,913,044
100$2,737,832,348$165,907,088$69,571,834$1,880,733,915