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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$947,150
2 years$502,833$493,468$484,392$475,592$467,057$433,478
3 years$331,892$322,487$313,434$304,717$296,320$263,887
4 years$246,438$237,062$228,100$219,531$211,338$180,298
5 years$195,180$185,859$177,015$168,621$160,656$131,092
6 years$161,018$151,768$143,054$134,848$127,121$99,056
7 years$136,627$127,455$118,879$110,866$103,384$76,813
8 years$118,342$109,252$100,818$93,002$85,767$60,669
9 years$104,127$95,124$86,835$79,217$72,228$48,572
10 years$92,762$83,847$75,705$68,286$61,542$39,289
11 years$83,470$74,644$66,649$59,429$52,928$32,034
12 years$75,732$66,996$59,149$52,128$45,866$26,282
13 years$69,189$60,545$52,846$46,021$39,996$21,672
14 years$63,586$55,034$47,482$40,852$35,061$17,942
15 years$58,735$50,274$42,870$36,433$30,870$14,903
16 years$54,494$46,126$38,868$32,622$27,283$12,411
17 years$50,755$42,480$35,369$29,310$24,191$10,359
18 years$47,436$39,254$32,287$26,415$21,510$8,662
19 years$44,470$36,380$29,557$23,868$19,172$7,254
20 years$41,804$33,806$27,126$21,617$17,125$6,082
21 years$39,395$31,489$24,951$19,619$15,325$5,105
22 years$37,207$29,394$22,996$17,838$13,736$4,288
23 years$35,213$27,491$21,233$16,245$12,331$3,605
24 years$33,388$25,758$19,637$14,817$11,083$3,033
25 years$31,711$24,172$18,187$13,531$9,973$2,552
26 years$30,166$22,718$16,868$12,372$8,983$2,149
27 years$28,738$21,380$15,663$11,325$8,099$1,810
28 years$27,414$20,147$14,561$10,376$7,308$1,525
29 years$26,184$19,006$13,550$9,515$6,599$1,285
30 years$25,037$17,949$12,622$8,732$5,963$1,083
31 years$23,967$16,968$11,767$8,020$5,391$913
32 years$22,966$16,055$10,979$7,371$4,876$770
33 years$22,027$15,204$10,251$6,778$4,413$649
34 years$21,146$14,410$9,578$6,236$3,996$548
35 years$20,317$13,668$8,955$5,741$3,619$462
36 years$19,535$12,973$8,377$5,287$3,279$390
37 years$18,798$12,321$7,841$4,871$2,972$329
38 years$18,101$11,710$7,342$4,490$2,694$277
39 years$17,441$11,135$6,879$4,140$2,443$234
40 years$16,816$10,594$6,448$3,819$2,216$197
41 years$16,223$10,084$6,046$3,523$2,010$167
42 years$15,660$9,604$5,671$3,251$1,824$141
43 years$15,124$9,151$5,322$3,001$1,656$119
44 years$14,614$8,722$4,995$2,771$1,503$100
45 years$14,128$8,318$4,690$2,559$1,364$84
46 years$13,665$7,935$4,405$2,364$1,239$71
47 years$13,223$7,572$4,139$2,184$1,125$60
48 years$12,800$7,229$3,889$2,018$1,022$51
49 years$12,396$6,903$3,656$1,865$928$43
50 years$12,009$6,594$3,437$1,724$843$36

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 $5,746 every year, while hoping to spend $42,493 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: 41/45/14 Blend
44$12,300,000$12,300,000$12,300,000$12,300,000
45$13,560,527$12,908,627$12,717,977$14,060,192
46$14,898,489$13,495,937$13,098,817$15,000,560
47$16,371,498$14,110,602$13,490,991$16,013,089
48$17,993,285$14,753,916$13,894,834$17,108,054
49$19,778,980$15,427,237$14,310,690$18,292,982
50$21,745,252$16,131,988$14,738,914$19,576,127
51$23,910,471$16,869,659$15,179,872$20,966,547
52$26,294,880$17,641,813$15,633,938$22,474,179
53$28,920,783$18,450,088$16,101,500$24,109,930
54$31,812,759$19,296,198$16,582,957$25,885,771
55$34,997,891$20,181,942$17,078,716$27,814,850
56$38,506,024$21,109,205$17,589,201$29,911,600
57$42,370,044$22,079,962$18,114,845$32,191,876
58$46,626,191$23,096,283$18,656,095$34,673,094
59$51,314,399$24,160,337$19,213,410$37,374,386
60$56,478,672$25,274,398$19,787,265$40,316,778
61$62,167,503$26,440,850$20,378,144$43,523,374
62$68,434,327$27,662,190$20,986,551$47,019,570
63$75,338,028$28,941,037$21,612,999$50,833,281
64$82,943,493$30,280,134$22,258,021$54,995,196
65$91,322,227$31,682,358$22,922,162$59,539,061
66$100,553,024$33,150,723$23,605,985$64,501,980
67$110,722,714$34,688,391$24,310,067$69,924,761
68$121,926,981$36,298,672$25,035,005$75,852,284
69$134,271,266$37,985,040$25,781,410$82,333,920
70$147,871,761$39,751,133$26,549,913$89,423,974
71$162,856,509$41,600,767$27,341,164$97,182,194
72$179,366,609$43,537,940$28,155,829$105,674,315
73$197,557,549$45,566,845$28,994,595$114,972,670
74$217,600,675$47,691,876$29,858,169$125,156,853
75$239,684,805$49,917,640$30,747,280$136,314,454
76$264,018,016$52,248,965$31,662,675$148,541,876
77$290,829,604$54,690,914$32,605,124$161,945,220
78$320,372,248$57,248,794$33,575,420$176,641,273
79$352,924,400$59,928,167$34,574,380$192,758,587
80$388,792,908$62,734,867$35,602,841$210,438,679
81$428,315,916$65,675,007$36,661,667$229,837,339
82$471,866,054$68,754,997$37,751,748$251,126,084
83$519,853,957$71,981,556$38,873,996$274,493,752
84$572,732,138$75,361,730$40,029,353$300,148,260
85$630,999,266$78,902,905$41,218,786$328,318,541
86$695,204,868$82,612,824$42,443,292$359,256,684
87$765,954,516$86,499,604$43,703,894$393,240,279
88$843,915,550$90,571,757$45,001,647$430,575,013
89$929,823,369$94,838,207$46,337,636$471,597,525
90$1,024,488,382$99,308,308$47,712,975$516,678,551
91$1,128,803,651$103,991,870$49,128,815$566,226,391
92$1,243,753,328$108,899,175$50,586,334$620,690,730
93$1,370,421,940$114,041,008$52,086,749$680,566,847
94$1,510,004,632$119,428,672$53,631,310$746,400,248
95$1,663,818,449$125,074,021$55,221,303$818,791,782
96$1,833,314,765$130,989,482$56,858,051$898,403,268
97$2,020,092,990$137,188,086$58,542,915$985,963,700
98$2,225,915,669$143,683,496$60,277,296$1,082,276,083
99$2,452,725,116$150,490,036$62,062,634$1,188,224,965
100$2,702,661,757$157,622,727$63,900,412$1,304,784,739