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%11.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$984,213
2 years$506,921$497,480$488,330$479,459$470,854$466,231
3 years$334,590$325,109$315,982$307,194$298,729$294,206
4 years$248,442$238,989$229,954$221,316$213,056$208,668
5 years$196,766$187,371$178,454$169,992$161,962$157,721
6 years$162,327$153,002$144,217$135,944$128,155$124,068
7 years$137,738$128,491$119,845$111,767$104,224$100,293
8 years$119,304$110,140$101,638$93,759$86,464$82,688
9 years$104,974$95,897$87,541$79,861$72,815$69,194
10 years$93,517$84,529$76,320$68,841$62,042$58,575
11 years$84,149$75,251$67,191$59,913$53,358$50,042
12 years$76,348$67,541$59,630$52,551$46,239$43,071
13 years$69,752$61,037$53,276$46,395$40,322$37,299
14 years$64,103$55,481$47,869$41,184$35,346$32,465
15 years$59,212$50,683$43,219$36,729$31,121$28,379
16 years$54,937$46,501$39,184$32,887$27,505$24,897
17 years$51,168$42,826$35,656$29,549$24,388$21,911
18 years$47,822$39,573$32,549$26,629$21,684$19,334
19 years$44,832$36,676$29,797$24,062$19,328$17,100
20 years$42,144$34,081$27,347$21,793$17,264$15,155
21 years$39,715$31,745$25,154$19,778$15,449$13,454
22 years$37,510$29,633$23,183$17,983$13,848$11,963
23 years$35,499$27,715$21,405$16,377$12,431$10,651
24 years$33,659$25,967$19,796$14,937$11,173$9,494
25 years$31,969$24,369$18,335$13,641$10,054$8,472
26 years$30,411$22,903$17,005$12,473$9,056$7,567
27 years$28,972$21,554$15,791$11,417$8,165$6,764
28 years$27,637$20,310$14,680$10,460$7,368$6,051
29 years$26,397$19,160$13,661$9,592$6,653$5,417
30 years$25,241$18,095$12,724$8,803$6,011$4,851
31 years$24,162$17,106$11,863$8,085$5,435$4,347
32 years$23,153$16,186$11,068$7,431$4,916$3,897
33 years$22,207$15,328$10,334$6,833$4,449$3,496
34 years$21,318$14,527$9,656$6,287$4,028$3,136
35 years$20,482$13,779$9,027$5,787$3,648$2,815
36 years$19,694$13,078$8,445$5,330$3,306$2,527
37 years$18,951$12,421$7,904$4,911$2,996$2,269
38 years$18,248$11,805$7,402$4,527$2,716$2,038
39 years$17,583$11,225$6,935$4,174$2,463$1,831
40 years$16,953$10,680$6,500$3,850$2,234$1,646
41 years$16,355$10,166$6,095$3,552$2,027$1,479
42 years$15,787$9,682$5,717$3,278$1,839$1,329
43 years$15,247$9,225$5,365$3,026$1,669$1,195
44 years$14,733$8,793$5,036$2,794$1,515$1,075
45 years$14,243$8,385$4,729$2,580$1,375$966
46 years$13,776$7,999$4,441$2,383$1,249$869
47 years$13,330$7,634$4,172$2,202$1,134$782
48 years$12,904$7,287$3,921$2,035$1,030$703
49 years$12,497$6,959$3,685$1,880$935$632
50 years$12,107$6,648$3,465$1,738$850$569

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 $5,403 every year, while hoping to spend $22,597 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: 61/26/13 Blend
44$12,400,000$12,400,000$12,400,000$12,400,000
45$13,670,373$13,013,173$12,820,973$14,460,831
46$15,040,708$13,626,776$13,226,433$15,606,176
47$16,550,060$14,269,687$13,644,718$16,852,399
48$18,212,585$14,943,320$14,076,234$18,211,746
49$20,043,881$15,649,156$14,521,401$19,695,164
50$22,061,138$16,388,746$14,980,649$21,314,689
51$24,283,298$17,163,718$15,454,425$23,083,557
52$26,731,234$17,975,780$15,943,188$25,016,328
53$29,427,947$18,826,720$16,447,412$27,129,016
54$32,398,784$19,718,416$16,967,586$29,439,236
55$35,671,676$20,652,834$17,504,216$31,966,368
56$39,277,401$21,632,038$18,057,822$34,731,736
57$43,249,878$22,658,189$18,628,941$37,758,801
58$47,626,482$23,733,557$19,218,127$41,073,382
59$52,448,401$24,860,519$19,825,952$44,703,892
60$57,761,022$26,041,569$20,453,005$48,681,599
61$63,614,362$27,279,321$21,099,896$53,040,921
62$70,063,536$28,576,516$21,767,252$57,819,740
63$77,169,281$29,936,031$22,455,720$63,059,757
64$84,998,530$31,360,878$23,165,968$68,806,874
65$93,625,039$32,854,220$23,898,687$75,111,629
66$103,130,086$34,419,370$24,654,586$82,029,658
67$113,603,239$36,059,804$25,434,400$89,622,217
68$125,143,202$37,779,166$26,238,884$97,956,751
69$137,858,743$39,581,280$27,068,821$107,107,525
70$151,869,723$41,470,151$27,925,015$117,156,313
71$167,308,228$43,449,982$28,808,297$128,193,165
72$184,319,817$45,525,181$29,719,524$140,317,243
73$203,064,892$47,700,368$30,659,581$153,637,754
74$223,720,214$49,980,389$31,629,381$168,274,964
75$246,480,575$52,370,327$32,629,864$184,361,328
76$271,560,631$54,875,510$33,662,001$202,042,727
77$299,196,932$57,501,527$34,726,795$221,479,834
78$329,650,155$60,254,237$35,825,278$242,849,618
79$363,207,563$63,139,788$36,958,518$266,347,002
80$400,185,719$66,164,622$38,127,613$292,186,693
81$440,933,474$69,335,500$39,333,699$320,605,190
82$485,835,257$72,659,508$40,577,947$351,863,005
83$535,314,709$76,144,080$41,861,564$386,247,108
84$589,838,679$79,797,009$43,185,796$424,073,617
85$649,921,632$83,626,471$44,551,928$465,690,770
86$716,130,509$87,641,038$45,961,288$511,482,189
87$789,090,072$91,849,700$47,415,242$561,870,491
88$869,488,809$96,261,886$48,915,203$617,321,251
89$958,085,432$100,887,482$50,462,626$678,347,383
90$1,055,716,036$105,736,859$52,059,014$745,513,958
91$1,163,301,997$110,820,890$53,705,917$819,443,516
92$1,281,858,669$116,150,982$55,404,933$900,821,925
93$1,412,504,966$121,739,093$57,157,712$990,404,825
94$1,556,473,933$127,597,769$58,965,955$1,089,024,744
95$1,715,124,378$133,740,164$60,831,419$1,197,598,923
96$1,889,953,707$140,180,074$62,755,914$1,317,137,956
97$2,082,612,057$146,931,969$64,741,308$1,448,755,295
98$2,294,917,875$154,011,024$66,789,531$1,593,677,734
99$2,528,875,087$161,433,153$68,902,569$1,753,256,962
100$2,786,692,016$169,215,048$71,082,475$1,928,982,284