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%18.7%
1 years$1,007,465$998,491$989,735$981,190$972,845$938,701
2 years$498,745$489,456$480,454$471,726$463,260$429,219
3 years$329,194$319,865$310,886$302,239$293,911$261,043
4 years$244,435$235,135$226,245$217,746$209,620$178,175
5 years$193,593$184,348$175,575$167,250$159,350$129,412
6 years$159,709$150,534$141,891$133,751$126,088$97,679
7 years$135,516$126,419$117,912$109,964$102,543$75,658
8 years$117,379$108,364$99,999$92,246$85,069$59,686
9 years$103,281$94,350$86,129$78,573$71,641$47,727
10 years$92,008$83,165$75,089$67,731$61,042$38,556
11 years$82,791$74,037$66,107$58,946$52,498$31,396
12 years$75,116$66,452$58,669$51,704$45,493$25,725
13 years$68,627$60,053$52,416$45,647$39,671$21,183
14 years$63,069$54,586$47,096$40,520$34,776$17,513
15 years$58,257$49,866$42,522$36,137$30,619$14,526
16 years$54,051$45,751$38,552$32,357$27,061$12,080
17 years$50,343$42,135$35,081$29,072$23,994$10,068
18 years$47,051$38,934$32,024$26,200$21,335$8,406
19 years$44,109$36,084$29,317$23,674$19,016$7,028
20 years$41,464$33,531$26,906$21,441$16,986$5,884
21 years$39,074$31,233$24,748$19,459$15,200$4,931
22 years$36,905$29,155$22,809$17,693$13,625$4,136
23 years$34,927$27,268$21,060$16,113$12,230$3,471
24 years$33,116$25,548$19,477$14,696$10,993$2,915
25 years$31,453$23,976$18,040$13,421$9,892$2,450
26 years$29,921$22,533$16,731$12,272$8,910$2,059
27 years$28,504$21,206$15,536$11,233$8,033$1,732
28 years$27,191$19,983$14,443$10,292$7,249$1,457
29 years$25,971$18,851$13,440$9,438$6,545$1,226
30 years$24,834$17,803$12,519$8,661$5,914$1,031
31 years$23,772$16,830$11,671$7,955$5,347$868
32 years$22,779$15,925$10,889$7,311$4,837$731
33 years$21,848$15,081$10,167$6,723$4,377$615
34 years$20,974$14,293$9,500$6,186$3,963$518
35 years$20,152$13,557$8,882$5,694$3,590$436
36 years$19,376$12,867$8,309$5,244$3,252$367
37 years$18,645$12,221$7,777$4,832$2,948$309
38 years$17,954$11,614$7,283$4,454$2,672$261
39 years$17,299$11,044$6,823$4,106$2,423$219
40 years$16,679$10,508$6,395$3,788$2,198$185
41 years$16,091$10,002$5,997$3,495$1,994$156
42 years$15,532$9,526$5,625$3,225$1,809$131
43 years$15,001$9,076$5,278$2,977$1,642$110
44 years$14,495$8,651$4,955$2,749$1,491$93
45 years$14,013$8,250$4,652$2,539$1,353$78
46 years$13,554$7,870$4,370$2,345$1,229$66
47 years$13,115$7,511$4,105$2,166$1,116$56
48 years$12,696$7,170$3,858$2,002$1,013$47
49 years$12,295$6,847$3,626$1,850$920$39
50 years$11,911$6,540$3,409$1,710$836$33

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 $6,832 every year, while hoping to spend $22,521 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: 35/41/24 Blend
44$12,200,000$12,200,000$12,200,000$12,200,000
45$13,451,447$12,804,847$12,615,747$13,824,220
46$14,799,533$13,408,323$13,014,413$14,704,590
47$16,284,368$14,040,613$13,425,678$15,651,291
48$17,919,878$14,703,108$13,849,943$16,672,324
49$19,721,407$15,397,261$14,287,617$17,774,334
50$21,705,863$16,124,600$14,739,126$18,964,605
51$23,891,880$16,886,724$15,204,905$20,251,120
52$26,299,988$17,685,311$15,685,406$21,642,631
53$28,952,815$18,522,119$16,181,095$23,148,738
54$31,875,292$19,398,992$16,692,452$24,779,969
55$35,094,895$20,317,866$17,219,971$26,547,875
56$38,641,899$21,280,766$17,764,165$28,465,134
57$42,549,668$22,289,819$18,325,560$30,545,658
58$46,854,968$23,347,254$18,904,700$32,804,722
59$51,598,313$24,455,408$19,502,146$35,259,097
60$56,824,350$25,616,732$20,118,477$37,927,200
61$62,582,278$26,833,796$20,754,290$40,829,261
62$68,926,312$28,109,294$21,410,201$43,987,503
63$75,916,198$29,446,051$22,086,845$47,426,342
64$83,617,774$30,847,031$22,784,877$51,172,609
65$92,103,591$32,315,340$23,504,975$55,255,791
66$101,453,601$33,854,235$24,247,835$59,708,299
67$111,755,908$35,467,132$25,014,178$64,565,763
68$123,107,603$37,157,614$25,804,745$69,867,356
69$135,615,677$38,929,436$26,620,303$75,656,149
70$149,398,035$40,786,537$27,461,641$81,979,509
71$164,584,604$42,733,047$28,329,576$88,889,527
72$181,318,564$44,773,297$29,224,948$96,443,499
73$199,757,698$46,911,828$30,148,623$104,704,450
74$220,075,879$49,153,404$31,101,498$113,741,715
75$242,464,716$51,503,019$32,084,496$123,631,572
76$267,135,359$53,965,909$33,098,569$134,457,953
77$294,320,494$56,547,566$34,144,699$146,313,209
78$324,276,538$59,253,751$35,223,901$159,298,969
79$357,286,063$62,090,502$36,337,219$173,527,079
80$393,660,459$65,064,154$37,485,733$189,120,633
81$433,742,876$68,181,348$38,670,555$206,215,117
82$477,911,465$71,449,050$39,892,835$224,959,664
83$526,582,945$74,874,564$41,153,755$245,518,439
84$580,216,537$78,465,550$42,454,538$268,072,161
85$639,318,304$82,230,041$43,796,445$292,819,785
86$704,445,920$86,176,463$45,180,775$319,980,354
87$776,213,944$90,313,649$46,608,871$349,795,035
88$855,299,613$94,650,865$48,082,115$382,529,366
89$942,449,245$99,197,829$49,601,937$418,475,736
90$1,038,485,274$103,964,729$51,169,809$457,956,107
91$1,144,314,025$108,962,253$52,787,249$501,325,019
92$1,260,934,260$114,201,608$54,455,827$548,972,907
93$1,389,446,615$119,694,547$56,177,158$601,329,740
94$1,531,063,988$125,453,399$57,952,911$658,869,050
95$1,687,122,989$131,491,089$59,784,807$722,112,354
96$1,859,096,557$137,821,176$61,674,622$791,634,036
97$2,048,607,871$144,457,878$63,624,186$868,066,726
98$2,257,445,668$151,416,108$65,635,391$952,107,223
99$2,487,581,133$158,711,505$67,710,184$1,044,523,023
100$2,741,186,510$166,360,471$69,850,577$1,146,159,513