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%15.8%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$957,497
2 years$502,833$493,468$484,392$475,592$467,057$443,697
3 years$331,892$322,487$313,434$304,717$296,320$273,652
4 years$246,438$237,062$228,100$219,531$211,338$189,536
5 years$195,180$185,859$177,015$168,621$160,656$139,781
6 years$161,018$151,768$143,054$134,848$127,121$107,195
7 years$136,627$127,455$118,879$110,866$103,384$84,409
8 years$118,342$109,252$100,818$93,002$85,767$67,735
9 years$104,127$95,124$86,835$79,217$72,228$55,126
10 years$92,762$83,847$75,705$68,286$61,542$45,350
11 years$83,470$74,644$66,649$59,429$52,928$37,623
12 years$75,732$66,996$59,149$52,128$45,866$31,424
13 years$69,189$60,545$52,846$46,021$39,996$26,388
14 years$63,586$55,034$47,482$40,852$35,061$22,258
15 years$58,735$50,274$42,870$36,433$30,870$18,843
16 years$54,494$46,126$38,868$32,622$27,283$16,000
17 years$50,755$42,480$35,369$29,310$24,191$13,620
18 years$47,436$39,254$32,287$26,415$21,510$11,619
19 years$44,470$36,380$29,557$23,868$19,172$9,930
20 years$41,804$33,806$27,126$21,617$17,125$8,499
21 years$39,395$31,489$24,951$19,619$15,325$7,283
22 years$37,207$29,394$22,996$17,838$13,736$6,249
23 years$35,213$27,491$21,233$16,245$12,331$5,366
24 years$33,388$25,758$19,637$14,817$11,083$4,611
25 years$31,711$24,172$18,187$13,531$9,973$3,966
26 years$30,166$22,718$16,868$12,372$8,983$3,412
27 years$28,738$21,380$15,663$11,325$8,099$2,938
28 years$27,414$20,147$14,561$10,376$7,308$2,530
29 years$26,184$19,006$13,550$9,515$6,599$2,180
30 years$25,037$17,949$12,622$8,732$5,963$1,879
31 years$23,967$16,968$11,767$8,020$5,391$1,620
32 years$22,966$16,055$10,979$7,371$4,876$1,397
33 years$22,027$15,204$10,251$6,778$4,413$1,205
34 years$21,146$14,410$9,578$6,236$3,996$1,039
35 years$20,317$13,668$8,955$5,741$3,619$897
36 years$19,535$12,973$8,377$5,287$3,279$774
37 years$18,798$12,321$7,841$4,871$2,972$668
38 years$18,101$11,710$7,342$4,490$2,694$576
39 years$17,441$11,135$6,879$4,140$2,443$497
40 years$16,816$10,594$6,448$3,819$2,216$429
41 years$16,223$10,084$6,046$3,523$2,010$371
42 years$15,660$9,604$5,671$3,251$1,824$320
43 years$15,124$9,151$5,322$3,001$1,656$276
44 years$14,614$8,722$4,995$2,771$1,503$238
45 years$14,128$8,318$4,690$2,559$1,364$206
46 years$13,665$7,935$4,405$2,364$1,239$178
47 years$13,223$7,572$4,139$2,184$1,125$153
48 years$12,800$7,229$3,889$2,018$1,022$132
49 years$12,396$6,903$3,656$1,865$928$114
50 years$12,009$6,594$3,437$1,724$843$99

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 $3,582 every year, while hoping to spend $30,770 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: 77/5/18 Blend
44$12,300,000$12,300,000$12,300,000$12,300,000
45$13,558,295$12,906,395$12,715,745$14,546,884
46$14,908,502$13,506,069$13,108,983$15,800,367
47$16,395,399$14,134,096$13,514,364$17,170,501
48$18,032,895$14,791,833$13,932,261$18,672,314
49$19,836,319$15,480,701$14,363,060$20,318,960
50$21,822,561$16,202,192$14,807,160$22,124,922
51$24,010,231$16,957,869$15,264,969$24,106,151
52$26,419,840$17,749,370$15,736,910$26,280,214
53$29,073,986$18,578,412$16,223,420$28,666,460
54$31,997,574$19,446,795$16,724,946$31,286,199
55$35,218,047$20,356,408$17,241,951$34,162,901
56$38,765,644$21,309,229$17,774,913$37,322,421
57$42,673,690$22,307,331$18,324,323$40,793,233
58$46,978,906$23,352,890$18,890,687$44,606,708
59$51,721,758$24,448,185$19,474,529$48,797,398
60$56,946,837$25,595,606$20,076,386$53,403,367
61$62,703,282$26,797,659$20,696,812$58,466,545
62$69,045,243$28,056,970$21,336,381$64,033,125
63$76,032,390$29,376,293$21,995,682$70,153,994
64$83,730,478$30,758,517$22,675,322$76,885,213
65$92,211,970$32,206,666$23,375,928$84,288,544
66$101,556,714$33,723,916$24,098,145$92,432,029
67$111,852,704$35,313,594$24,842,639$101,390,632
68$123,196,908$36,979,188$25,610,095$111,246,945
69$135,696,180$38,724,355$26,401,220$122,091,962
70$149,468,273$40,552,932$27,216,744$134,025,938
71$164,642,949$42,468,937$28,057,417$147,159,331
72$181,363,202$44,476,588$28,924,013$161,613,844
73$199,786,612$46,580,303$29,817,330$177,523,568
74$220,086,827$48,784,719$30,738,191$195,036,249
75$242,455,206$51,094,692$31,687,443$214,314,675
76$267,102,624$53,515,320$32,665,960$235,538,212
77$294,261,465$56,051,943$33,674,642$258,904,493
78$324,187,809$58,710,164$34,714,418$284,631,281
79$357,163,859$61,495,855$35,786,245$312,958,522
80$393,500,596$64,415,176$36,891,107$344,150,602
81$433,540,720$67,474,582$38,030,022$378,498,845
82$477,661,883$70,680,846$39,204,038$416,324,253
83$526,280,255$74,041,068$40,414,233$457,980,537
84$579,854,452$77,562,691$41,661,721$503,857,448
85$638,889,866$81,253,523$42,947,648$554,384,455
86$703,943,435$85,121,748$44,273,197$610,034,791
87$775,628,903$89,175,951$45,639,587$671,329,921
88$854,622,610$93,425,132$47,048,072$738,844,451
89$941,669,882$97,878,729$48,499,948$813,211,557
90$1,037,592,061$102,546,638$49,996,548$895,128,948
91$1,143,294,267$107,439,239$51,539,247$985,365,454
92$1,259,773,933$112,567,413$53,129,463$1,084,768,273
93$1,388,130,231$117,942,573$54,768,657$1,194,270,966
94$1,529,574,441$123,576,685$56,458,333$1,314,902,261
95$1,685,441,390$129,482,299$58,200,044$1,447,795,760
96$1,857,202,054$135,672,574$59,995,388$1,594,200,632
97$2,046,477,444$142,161,310$61,846,013$1,755,493,401
98$2,255,053,909$148,962,979$63,753,620$1,933,190,929
99$2,484,899,999$156,092,757$65,719,957$2,128,964,736
100$2,738,185,054$163,566,557$67,746,831$2,344,656,761