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%18.4%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$947,528
2 years$502,833$493,468$484,392$475,592$467,057$433,850
3 years$331,892$322,487$313,434$304,717$296,320$264,240
4 years$246,438$237,062$228,100$219,531$211,338$180,631
5 years$195,180$185,859$177,015$168,621$160,656$131,403
6 years$161,018$151,768$143,054$134,848$127,121$99,346
7 years$136,627$127,455$118,879$110,866$103,384$77,081
8 years$118,342$109,252$100,818$93,002$85,767$60,917
9 years$104,127$95,124$86,835$79,217$72,228$48,800
10 years$92,762$83,847$75,705$68,286$61,542$39,498
11 years$83,470$74,644$66,649$59,429$52,928$32,226
12 years$75,732$66,996$59,149$52,128$45,866$26,458
13 years$69,189$60,545$52,846$46,021$39,996$21,831
14 years$63,586$55,034$47,482$40,852$35,061$18,086
15 years$58,735$50,274$42,870$36,433$30,870$15,033
16 years$54,494$46,126$38,868$32,622$27,283$12,529
17 years$50,755$42,480$35,369$29,310$24,191$10,465
18 years$47,436$39,254$32,287$26,415$21,510$8,757
19 years$44,470$36,380$29,557$23,868$19,172$7,339
20 years$41,804$33,806$27,126$21,617$17,125$6,158
21 years$39,395$31,489$24,951$19,619$15,325$5,173
22 years$37,207$29,394$22,996$17,838$13,736$4,349
23 years$35,213$27,491$21,233$16,245$12,331$3,659
24 years$33,388$25,758$19,637$14,817$11,083$3,080
25 years$31,711$24,172$18,187$13,531$9,973$2,594
26 years$30,166$22,718$16,868$12,372$8,983$2,186
27 years$28,738$21,380$15,663$11,325$8,099$1,843
28 years$27,414$20,147$14,561$10,376$7,308$1,554
29 years$26,184$19,006$13,550$9,515$6,599$1,311
30 years$25,037$17,949$12,622$8,732$5,963$1,106
31 years$23,967$16,968$11,767$8,020$5,391$933
32 years$22,966$16,055$10,979$7,371$4,876$787
33 years$22,027$15,204$10,251$6,778$4,413$664
34 years$21,146$14,410$9,578$6,236$3,996$561
35 years$20,317$13,668$8,955$5,741$3,619$473
36 years$19,535$12,973$8,377$5,287$3,279$400
37 years$18,798$12,321$7,841$4,871$2,972$337
38 years$18,101$11,710$7,342$4,490$2,694$285
39 years$17,441$11,135$6,879$4,140$2,443$241
40 years$16,816$10,594$6,448$3,819$2,216$203
41 years$16,223$10,084$6,046$3,523$2,010$172
42 years$15,660$9,604$5,671$3,251$1,824$145
43 years$15,124$9,151$5,322$3,001$1,656$122
44 years$14,614$8,722$4,995$2,771$1,503$103
45 years$14,128$8,318$4,690$2,559$1,364$87
46 years$13,665$7,935$4,405$2,364$1,239$74
47 years$13,223$7,572$4,139$2,184$1,125$62
48 years$12,800$7,229$3,889$2,018$1,022$53
49 years$12,396$6,903$3,656$1,865$928$44
50 years$12,009$6,594$3,437$1,724$843$37

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 $4,234 every year, while hoping to spend $36,975 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: 41/43/16 Blend
44$12,300,000$12,300,000$12,300,000$12,300,000
45$13,558,967$12,907,067$12,716,417$14,050,692
46$14,902,641$13,500,173$13,103,076$14,992,244
47$16,382,130$14,121,101$13,501,449$16,006,748
48$18,011,249$14,771,176$13,911,889$17,104,003
49$19,805,219$15,451,786$14,334,760$18,291,574
50$21,780,814$16,164,387$14,770,437$19,577,756
51$23,956,517$16,910,501$15,219,307$20,971,653
52$26,352,694$17,691,729$15,681,766$22,483,253
53$28,991,789$18,509,743$16,158,225$24,123,520
54$31,898,531$19,366,301$16,649,106$25,904,489
55$35,100,174$20,263,242$17,154,843$27,839,375
56$38,626,745$21,202,495$17,675,884$29,942,691
57$42,511,337$22,186,081$18,212,690$32,230,375
58$46,790,414$23,216,119$18,765,736$34,719,938
59$51,504,160$24,294,832$19,335,511$37,430,618
60$56,696,852$25,424,547$19,922,519$40,383,555
61$62,417,286$26,607,705$20,527,279$43,601,982
62$68,719,231$27,846,865$21,150,324$47,111,436
63$75,661,939$29,144,707$21,792,207$50,939,989
64$83,310,704$30,504,045$22,453,492$55,118,504
65$91,737,477$31,927,824$23,134,765$59,680,915
66$101,021,547$33,419,135$23,836,627$64,664,542
67$111,250,287$34,981,215$24,559,697$70,110,423
68$122,519,982$36,617,461$25,304,613$76,063,699
69$134,936,735$38,331,430$26,072,032$82,574,024
70$148,617,467$40,126,856$26,862,630$89,696,021
71$163,691,025$42,007,648$27,677,104$97,489,785
72$180,299,395$43,977,908$28,516,173$106,021,436
73$198,599,043$46,041,936$29,380,575$115,363,731
74$218,762,393$48,204,238$30,271,071$125,596,733
75$240,979,451$50,469,539$31,188,446$136,808,552
76$265,459,602$52,842,794$32,133,506$149,096,161
77$292,433,587$55,329,196$33,107,084$162,566,294
78$322,155,677$57,934,191$34,110,035$177,336,433
79$354,906,077$60,663,487$35,143,242$193,535,901
80$390,993,569$63,523,071$36,207,613$211,307,064
81$430,758,428$66,519,216$37,304,084$230,806,649
82$474,575,633$69,658,504$38,433,616$252,207,207
83$522,858,409$72,947,831$39,597,203$275,698,717
84$576,062,124$76,394,432$40,795,866$301,490,355
85$634,688,590$80,005,889$42,030,658$329,812,445
86$699,290,802$83,790,153$43,302,661$360,918,606
87$770,478,155$87,755,562$44,612,991$395,088,121
88$848,922,198$91,910,856$45,962,797$432,628,543
89$935,362,975$96,265,200$47,353,263$473,878,568
90$1,030,616,008$100,828,205$48,785,608$519,211,201
91$1,135,580,000$105,609,946$50,261,085$569,037,248
92$1,251,245,316$110,620,989$51,780,987$623,809,154
93$1,378,703,333$115,872,412$53,346,644$684,025,244
94$1,519,156,743$121,375,831$54,959,428$750,234,385
95$1,673,930,911$127,143,426$56,620,748$823,041,129
96$1,844,486,379$133,187,969$58,332,059$903,111,382
97$2,032,432,662$139,522,852$60,094,855$991,178,642
98$2,239,543,439$146,162,118$61,910,678$1,088,050,882
99$2,467,773,299$153,120,491$63,781,115$1,194,618,131
100$2,719,276,192$160,413,411$65,707,799$1,311,860,819