Can I retire at age 45 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$962,158
2 years$506,921$497,480$488,330$479,459$470,854$444,210
3 years$334,590$325,109$315,982$307,194$298,729$272,910
4 years$248,442$238,989$229,954$221,316$213,056$188,260
5 years$196,766$187,371$178,454$169,992$161,962$138,257
6 years$162,327$153,002$144,217$135,944$128,155$105,564
7 years$137,738$128,491$119,845$111,767$104,224$82,749
8 years$119,304$110,140$101,638$93,759$86,464$66,093
9 years$104,974$95,897$87,541$79,861$72,815$53,530
10 years$93,517$84,529$76,320$68,841$62,042$43,818
11 years$84,149$75,251$67,191$59,913$53,358$36,168
12 years$76,348$67,541$59,630$52,551$46,239$30,050
13 years$69,752$61,037$53,276$46,395$40,322$25,099
14 years$64,103$55,481$47,869$41,184$35,346$21,055
15 years$59,212$50,683$43,219$36,729$31,121$17,725
16 years$54,937$46,501$39,184$32,887$27,505$14,965
17 years$51,168$42,826$35,656$29,549$24,388$12,665
18 years$47,822$39,573$32,549$26,629$21,684$10,741
19 years$44,832$36,676$29,797$24,062$19,328$9,125
20 years$42,144$34,081$27,347$21,793$17,264$7,762
21 years$39,715$31,745$25,154$19,778$15,449$6,612
22 years$37,510$29,633$23,183$17,983$13,848$5,637
23 years$35,499$27,715$21,405$16,377$12,431$4,810
24 years$33,659$25,967$19,796$14,937$11,173$4,108
25 years$31,969$24,369$18,335$13,641$10,054$3,510
26 years$30,411$22,903$17,005$12,473$9,056$3,001
27 years$28,972$21,554$15,791$11,417$8,165$2,567
28 years$27,637$20,310$14,680$10,460$7,368$2,196
29 years$26,397$19,160$13,661$9,592$6,653$1,880
30 years$25,241$18,095$12,724$8,803$6,011$1,610
31 years$24,162$17,106$11,863$8,085$5,435$1,379
32 years$23,153$16,186$11,068$7,431$4,916$1,181
33 years$22,207$15,328$10,334$6,833$4,449$1,012
34 years$21,318$14,527$9,656$6,287$4,028$867
35 years$20,482$13,779$9,027$5,787$3,648$743
36 years$19,694$13,078$8,445$5,330$3,306$637
37 years$18,951$12,421$7,904$4,911$2,996$546
38 years$18,248$11,805$7,402$4,527$2,716$468
39 years$17,583$11,225$6,935$4,174$2,463$401
40 years$16,953$10,680$6,500$3,850$2,234$344
41 years$16,355$10,166$6,095$3,552$2,027$295
42 years$15,787$9,682$5,717$3,278$1,839$253
43 years$15,247$9,225$5,365$3,026$1,669$217
44 years$14,733$8,793$5,036$2,794$1,515$186
45 years$14,243$8,385$4,729$2,580$1,375$159
46 years$13,776$7,999$4,441$2,383$1,249$137
47 years$13,330$7,634$4,172$2,202$1,134$117
48 years$12,904$7,287$3,921$2,035$1,030$100
49 years$12,497$6,959$3,685$1,880$935$86
50 years$12,107$6,648$3,465$1,738$850$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $12,400,000, adding $3,193 every year, while hoping to spend $39,453 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: 32/46/22 Blend
44$12,400,000$12,400,000$12,400,000$12,400,000
45$13,668,094$13,010,894$12,818,694$14,012,573
46$15,020,261$13,606,450$13,206,142$14,867,707
47$16,509,028$14,229,866$13,605,248$15,784,357
48$18,148,285$14,882,465$14,016,360$16,770,889
49$19,953,339$15,565,635$14,439,837$17,833,455
50$21,941,058$16,280,829$14,876,049$18,978,786
51$24,130,027$17,029,571$15,325,378$20,214,259
52$26,540,726$17,813,457$15,788,215$21,547,956
53$29,195,725$18,634,160$16,264,964$22,988,735
54$32,119,890$19,493,435$16,756,042$24,546,307
55$35,340,625$20,393,120$17,261,876$26,231,318
56$38,888,127$21,335,142$17,782,907$28,055,448
57$42,795,672$22,321,519$18,319,590$30,031,510
58$47,099,926$23,354,369$18,872,392$32,173,560
59$51,841,295$24,435,910$19,441,794$34,497,029
60$57,064,305$25,568,468$20,028,292$37,018,851
61$62,818,021$26,754,479$20,632,397$39,757,623
62$69,156,511$27,996,500$21,254,634$42,733,762
63$76,139,354$29,297,208$21,895,543$45,969,695
64$83,832,207$30,659,410$22,555,683$49,490,056
65$92,307,421$32,086,050$23,235,627$53,321,909
66$101,644,722$33,580,211$23,935,965$57,494,992
67$111,931,970$35,145,127$24,657,305$62,041,987
68$123,265,980$36,784,188$25,400,275$66,998,812
69$135,753,444$38,500,946$26,165,517$72,404,953
70$149,511,930$40,299,128$26,953,697$78,303,818
71$164,670,999$42,182,637$27,765,498$84,743,133
72$181,373,421$44,155,566$28,601,622$91,775,382
73$199,776,528$46,222,208$29,462,795$99,458,281
74$220,053,698$48,387,060$30,349,763$107,855,311
75$242,395,988$50,654,838$31,263,292$117,036,296
76$267,013,941$53,030,488$32,204,175$127,078,049
77$294,139,573$55,519,191$33,173,224$138,065,073
78$324,028,560$58,126,383$34,171,279$150,090,343
79$356,962,657$60,857,759$35,199,200$163,256,163
80$393,252,352$63,719,293$36,257,877$177,675,108
81$433,239,801$66,717,247$37,348,225$193,471,064
82$477,302,053$69,858,186$38,471,184$210,780,377
83$525,854,618$73,148,991$39,627,723$229,753,114
84$579,355,378$76,596,881$40,818,841$250,554,452
85$638,308,918$80,209,420$42,045,564$273,366,212
86$703,271,288$83,994,542$43,308,950$298,388,548
87$774,855,247$87,960,562$44,610,088$325,841,804
88$853,736,054$92,116,202$45,950,098$355,968,567
89$940,657,839$96,470,603$47,330,133$389,035,921
90$1,036,440,628$101,033,352$48,751,383$425,337,936
91$1,141,988,086$105,814,500$50,215,068$465,198,409
92$1,258,296,046$110,824,586$51,722,448$508,973,882
93$1,386,461,911$116,074,659$53,274,818$557,056,969
94$1,527,695,014$121,576,305$54,873,512$609,880,025
95$1,683,328,034$127,341,672$56,519,903$667,919,180
96$1,854,829,577$133,383,498$58,215,404$731,698,792
97$2,043,818,044$139,715,140$59,961,470$801,796,348
98$2,252,076,904$146,350,601$61,759,599$878,847,870
99$2,481,571,534$153,304,566$63,611,331$963,553,866
100$2,734,467,775$160,592,434$65,518,255$1,056,685,889