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%15.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$968,038
2 years$506,921$497,480$488,330$479,459$470,854$450,041
3 years$334,590$325,109$315,982$307,194$298,729$278,508
4 years$248,442$238,989$229,954$221,316$213,056$193,582
5 years$196,766$187,371$178,454$169,992$161,962$143,291
6 years$162,327$153,002$144,217$135,944$128,155$110,307
7 years$137,738$128,491$119,845$111,767$104,224$87,203
8 years$119,304$110,140$101,638$93,759$86,464$70,263
9 years$104,974$95,897$87,541$79,861$72,815$57,424
10 years$93,517$84,529$76,320$68,841$62,042$47,446
11 years$84,149$75,251$67,191$59,913$53,358$39,538
12 years$76,348$67,541$59,630$52,551$46,239$33,173
13 years$69,752$61,037$53,276$46,395$40,322$27,988
14 years$64,103$55,481$47,869$41,184$35,346$23,721
15 years$59,212$50,683$43,219$36,729$31,121$20,179
16 years$54,937$46,501$39,184$32,887$27,505$17,220
17 years$51,168$42,826$35,656$29,549$24,388$14,733
18 years$47,822$39,573$32,549$26,629$21,684$12,633
19 years$44,832$36,676$29,797$24,062$19,328$10,853
20 years$42,144$34,081$27,347$21,793$17,264$9,338
21 years$39,715$31,745$25,154$19,778$15,449$8,046
22 years$37,510$29,633$23,183$17,983$13,848$6,940
23 years$35,499$27,715$21,405$16,377$12,431$5,992
24 years$33,659$25,967$19,796$14,937$11,173$5,178
25 years$31,969$24,369$18,335$13,641$10,054$4,478
26 years$30,411$22,903$17,005$12,473$9,056$3,875
27 years$28,972$21,554$15,791$11,417$8,165$3,355
28 years$27,637$20,310$14,680$10,460$7,368$2,906
29 years$26,397$19,160$13,661$9,592$6,653$2,518
30 years$25,241$18,095$12,724$8,803$6,011$2,183
31 years$24,162$17,106$11,863$8,085$5,435$1,893
32 years$23,153$16,186$11,068$7,431$4,916$1,642
33 years$22,207$15,328$10,334$6,833$4,449$1,424
34 years$21,318$14,527$9,656$6,287$4,028$1,236
35 years$20,482$13,779$9,027$5,787$3,648$1,073
36 years$19,694$13,078$8,445$5,330$3,306$931
37 years$18,951$12,421$7,904$4,911$2,996$808
38 years$18,248$11,805$7,402$4,527$2,716$702
39 years$17,583$11,225$6,935$4,174$2,463$609
40 years$16,953$10,680$6,500$3,850$2,234$529
41 years$16,355$10,166$6,095$3,552$2,027$459
42 years$15,787$9,682$5,717$3,278$1,839$399
43 years$15,247$9,225$5,365$3,026$1,669$346
44 years$14,733$8,793$5,036$2,794$1,515$301
45 years$14,243$8,385$4,729$2,580$1,375$261
46 years$13,776$7,999$4,441$2,383$1,249$227
47 years$13,330$7,634$4,172$2,202$1,134$197
48 years$12,904$7,287$3,921$2,035$1,030$171
49 years$12,497$6,959$3,685$1,880$935$149
50 years$12,107$6,648$3,465$1,738$850$129

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 $5,298 every year, while hoping to spend $26,704 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: 73/10/17 Blend
44$12,400,000$12,400,000$12,400,000$12,400,000
45$13,670,265$13,013,065$12,820,865$14,614,349
46$15,036,219$13,622,292$13,221,951$15,850,463
47$16,540,606$14,260,477$13,635,579$17,200,375
48$18,197,516$14,929,009$14,062,139$18,678,446
49$20,022,480$15,629,347$14,502,038$20,297,390
50$22,032,607$16,363,020$14,955,690$22,071,208
51$24,246,754$17,131,629$15,423,527$24,015,310
52$26,685,699$17,936,854$15,905,991$26,146,667
53$29,372,338$18,780,458$16,403,540$28,483,964
54$32,331,903$19,664,287$16,916,645$31,047,773
55$35,592,196$20,590,276$17,445,791$33,860,751
56$39,183,855$21,560,455$17,991,481$36,947,845
57$43,140,644$22,576,953$18,554,231$40,336,530
58$47,499,766$23,642,000$19,134,574$44,057,063
59$52,302,220$24,757,936$19,733,060$48,142,768
60$57,593,185$25,927,213$20,350,256$52,630,347
61$63,422,447$27,152,403$20,986,746$57,560,223
62$69,844,868$28,436,203$21,643,134$62,976,920
63$76,920,906$29,781,438$22,320,041$68,929,479
64$84,717,184$31,191,074$23,018,107$75,471,919
65$93,307,118$32,668,218$23,737,995$82,663,743
66$102,771,611$34,216,128$24,480,386$90,570,497
67$113,199,819$35,838,222$25,245,982$99,264,384
68$124,689,988$37,538,081$26,035,509$108,824,942
69$137,350,382$39,319,464$26,849,715$119,339,793
70$151,300,311$41,186,307$27,689,370$130,905,463
71$166,671,248$43,142,742$28,555,270$143,628,292
72$183,608,078$45,193,098$29,448,233$157,625,431
73$202,270,460$47,341,918$30,369,107$173,025,945
74$222,834,336$49,593,961$31,318,762$189,972,026
75$245,493,596$51,954,223$32,298,097$208,620,331
76$270,461,900$54,427,937$33,308,041$229,143,454
77$297,974,701$57,020,593$34,349,548$251,731,553
78$328,291,467$59,737,949$35,423,604$276,594,135
79$361,698,129$62,586,041$36,531,227$303,962,032
80$398,509,780$65,571,198$37,673,465$334,089,573
81$439,073,650$68,700,060$38,851,399$367,256,977
82$483,772,385$71,979,585$40,066,143$403,772,993
83$533,027,657$75,417,074$41,318,848$443,977,808
84$587,304,148$79,020,180$42,610,699$488,246,251
85$647,113,932$82,796,929$43,942,918$536,991,323
86$713,021,314$86,755,740$45,316,767$590,668,088
87$785,648,154$90,905,438$46,733,545$649,777,964
88$865,679,740$95,255,279$48,194,593$714,873,442
89$953,871,256$99,814,969$49,701,294$786,563,300
90$1,051,054,909$104,594,688$51,255,073$865,518,334
91$1,158,147,792$109,605,110$52,857,400$952,477,687
92$1,276,160,536$114,857,429$54,509,792$1,048,255,812
93$1,406,206,852$120,363,385$56,213,811$1,153,750,150
94$1,549,514,047$126,135,287$57,971,070$1,269,949,598
95$1,707,434,611$132,186,047$59,783,231$1,397,943,824
96$1,881,458,981$138,529,202$61,652,009$1,538,933,549
97$2,073,229,616$145,178,953$63,579,171$1,694,241,865
98$2,284,556,505$152,150,189$65,566,541$1,865,326,717
99$2,517,434,245$159,458,526$67,615,997$2,053,794,650
100$2,774,060,885$167,120,340$69,729,479$2,261,415,963