Can I retire at age 45 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$955,171
2 years$502,833$493,468$484,392$475,592$467,057$441,391
3 years$331,892$322,487$313,434$304,717$296,320$271,440
4 years$246,438$237,062$228,100$219,531$211,338$187,436
5 years$195,180$185,859$177,015$168,621$160,656$137,797
6 years$161,018$151,768$143,054$134,848$127,121$105,328
7 years$136,627$127,455$118,879$110,866$103,384$82,657
8 years$118,342$109,252$100,818$93,002$85,767$66,098
9 years$104,127$95,124$86,835$79,217$72,228$53,598
10 years$92,762$83,847$75,705$68,286$61,542$43,929
11 years$83,470$74,644$66,649$59,429$52,928$36,305
12 years$75,732$66,996$59,149$52,128$45,866$30,204
13 years$69,189$60,545$52,846$46,021$39,996$25,262
14 years$63,586$55,034$47,482$40,852$35,061$21,221
15 years$58,735$50,274$42,870$36,433$30,870$17,889
16 years$54,494$46,126$38,868$32,622$27,283$15,125
17 years$50,755$42,480$35,369$29,310$24,191$12,820
18 years$47,436$39,254$32,287$26,415$21,510$10,888
19 years$44,470$36,380$29,557$23,868$19,172$9,263
20 years$41,804$33,806$27,126$21,617$17,125$7,892
21 years$39,395$31,489$24,951$19,619$15,325$6,733
22 years$37,207$29,394$22,996$17,838$13,736$5,749
23 years$35,213$27,491$21,233$16,245$12,331$4,914
24 years$33,388$25,758$19,637$14,817$11,083$4,203
25 years$31,711$24,172$18,187$13,531$9,973$3,597
26 years$30,166$22,718$16,868$12,372$8,983$3,080
27 years$28,738$21,380$15,663$11,325$8,099$2,639
28 years$27,414$20,147$14,561$10,376$7,308$2,262
29 years$26,184$19,006$13,550$9,515$6,599$1,939
30 years$25,037$17,949$12,622$8,732$5,963$1,663
31 years$23,967$16,968$11,767$8,020$5,391$1,427
32 years$22,966$16,055$10,979$7,371$4,876$1,224
33 years$22,027$15,204$10,251$6,778$4,413$1,050
34 years$21,146$14,410$9,578$6,236$3,996$902
35 years$20,317$13,668$8,955$5,741$3,619$774
36 years$19,535$12,973$8,377$5,287$3,279$664
37 years$18,798$12,321$7,841$4,871$2,972$570
38 years$18,101$11,710$7,342$4,490$2,694$490
39 years$17,441$11,135$6,879$4,140$2,443$421
40 years$16,816$10,594$6,448$3,819$2,216$361
41 years$16,223$10,084$6,046$3,523$2,010$310
42 years$15,660$9,604$5,671$3,251$1,824$266
43 years$15,124$9,151$5,322$3,001$1,656$229
44 years$14,614$8,722$4,995$2,771$1,503$197
45 years$14,128$8,318$4,690$2,559$1,364$169
46 years$13,665$7,935$4,405$2,364$1,239$145
47 years$13,223$7,572$4,139$2,184$1,125$125
48 years$12,800$7,229$3,889$2,018$1,022$107
49 years$12,396$6,903$3,656$1,865$928$92
50 years$12,009$6,594$3,437$1,724$843$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $12,300,000, adding $5,563 every year, while hoping to spend $53,841 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: 43/45/12 Blend
44$12,300,000$12,300,000$12,300,000$12,300,000
45$13,560,338$12,908,438$12,717,788$14,095,989
46$14,886,206$13,483,665$13,086,548$15,045,942
47$16,345,508$14,085,274$13,465,856$16,068,604
48$17,951,798$14,714,500$13,856,010$17,175,304
49$19,720,009$15,372,638$14,257,314$18,373,766
50$21,666,597$16,061,045$14,670,081$19,672,469
51$23,809,695$16,781,140$15,094,633$21,080,714
52$26,169,281$17,534,413$15,531,301$22,608,712
53$28,767,371$18,322,423$15,980,423$24,267,676
54$31,628,224$19,146,804$16,442,349$26,069,913
55$34,778,572$20,009,266$16,917,436$28,028,944
56$38,247,869$20,911,603$17,406,054$30,159,619
57$42,068,575$21,855,694$17,908,579$32,478,252
58$46,276,454$22,843,508$18,425,401$35,002,769
59$50,910,918$23,877,106$18,956,918$37,752,868
60$56,015,398$24,958,650$19,503,540$40,750,200
61$61,637,748$26,090,404$20,065,689$44,018,564
62$67,830,705$27,274,740$20,643,796$47,584,122
63$74,652,380$28,514,145$21,238,306$51,475,641
64$82,166,808$29,811,223$21,849,675$55,724,749
65$90,444,554$31,168,705$22,478,370$60,366,232
66$99,563,377$32,589,450$23,124,875$65,438,348
67$109,608,965$34,076,456$23,789,681$70,983,175
68$120,675,742$35,632,865$24,473,298$77,047,005
69$132,867,759$37,261,968$25,176,245$83,680,761
70$146,299,680$38,967,213$25,899,059$90,940,474
71$161,097,858$40,752,218$26,642,288$98,887,791
72$177,401,533$42,620,769$27,406,498$107,590,551
73$195,364,140$44,576,838$28,192,266$117,123,408
74$215,154,764$46,624,585$29,000,189$127,568,522
75$236,959,732$48,768,371$29,830,877$139,016,321
76$260,984,370$51,012,767$30,684,957$151,566,336
77$287,454,946$53,362,563$31,563,074$165,328,129
78$316,620,801$55,822,779$32,465,887$180,422,303
79$348,756,706$58,398,678$33,394,077$196,981,630
80$384,165,450$61,095,774$34,348,339$215,152,281
81$423,180,707$63,919,848$35,329,390$235,095,186
82$466,170,177$66,876,958$36,337,962$256,987,537
83$513,539,062$69,973,456$37,374,810$281,024,434
84$565,733,888$73,215,997$38,440,708$307,420,706
85$623,246,722$76,611,558$39,536,450$336,412,916
86$686,619,817$80,167,454$40,662,850$368,261,571
87$756,450,728$83,891,349$41,820,745$403,253,549
88$833,397,956$87,791,279$43,010,994$441,704,790
89$918,187,163$91,875,667$44,234,478$483,963,239
90$1,011,618,022$96,153,342$45,492,101$530,412,112
91$1,114,571,765$100,633,561$46,784,791$581,473,473
92$1,228,019,504$105,326,024$48,113,500$637,612,192
93$1,353,031,396$110,240,903$49,479,206$699,340,296
94$1,490,786,750$115,388,858$50,882,910$767,221,770
95$1,642,585,154$120,781,067$52,325,643$841,877,841
96$1,809,858,747$126,429,247$53,808,459$923,992,804
97$1,994,185,738$132,345,679$55,332,442$1,014,320,444
98$2,197,305,307$138,543,241$56,898,702$1,113,691,103
99$2,421,134,019$145,035,430$58,508,379$1,223,019,479
100$2,667,783,922$151,836,400$60,162,643$1,343,313,215