Can I retire at age 45 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,141,084
2 years$600,947$589,755$578,908$568,391$558,190$527,060
3 years$396,652$385,411$374,592$364,174$354,139$323,967
4 years$294,524$283,318$272,607$262,367$252,575$223,593
5 years$233,263$222,125$211,554$201,523$192,003$164,292
6 years$192,436$181,382$170,967$161,159$151,926$125,512
7 years$163,286$152,324$142,074$132,498$123,556$98,441
8 years$141,433$130,570$120,490$111,149$102,502$78,673
9 years$124,445$113,684$103,778$94,674$86,321$63,757
10 years$110,862$100,207$90,476$81,610$73,550$52,223
11 years$99,757$89,209$79,654$71,025$63,256$43,132
12 years$90,509$80,069$70,691$62,299$54,816$35,860
13 years$82,690$72,359$63,158$55,001$47,801$29,972
14 years$75,993$65,772$56,747$48,823$41,902$25,160
15 years$70,195$60,084$51,235$43,542$36,894$21,195
16 years$65,127$55,126$46,452$38,987$32,607$17,908
17 years$60,659$50,769$42,270$35,029$28,911$15,167
18 years$56,692$46,913$38,587$31,569$25,707$12,872
19 years$53,147$43,478$35,324$28,525$22,913$10,943
20 years$49,961$40,402$32,419$25,835$20,466$9,317
21 years$47,081$37,633$29,819$23,447$18,315$7,941
22 years$44,467$35,129$27,483$21,318$16,417$6,776
23 years$42,084$32,856$25,376$19,415$14,737$5,787
24 years$39,903$30,784$23,468$17,708$13,246$4,946
25 years$37,899$28,889$21,736$16,172$11,919$4,230
26 years$36,052$27,151$20,159$14,787$10,736$3,619
27 years$34,345$25,552$18,720$13,535$9,680$3,098
28 years$32,763$24,078$17,402$12,401$8,734$2,653
29 years$31,293$22,714$16,194$11,372$7,887$2,273
30 years$29,923$21,451$15,084$10,436$7,126$1,948
31 years$28,644$20,279$14,063$9,585$6,443$1,669
32 years$27,447$19,188$13,121$8,809$5,828$1,431
33 years$26,326$18,171$12,251$8,100$5,274$1,227
34 years$25,272$17,222$11,447$7,453$4,775$1,052
35 years$24,281$16,335$10,702$6,861$4,325$903
36 years$23,347$15,504$10,011$6,319$3,919$774
37 years$22,466$14,725$9,370$5,822$3,552$664
38 years$21,633$13,994$8,775$5,366$3,220$570
39 years$20,844$13,307$8,221$4,948$2,920$489
40 years$20,097$12,661$7,706$4,564$2,648$419
41 years$19,388$12,052$7,225$4,211$2,403$360
42 years$18,715$11,478$6,778$3,886$2,180$309
43 years$18,075$10,936$6,360$3,587$1,979$265
44 years$17,466$10,424$5,970$3,312$1,796$228
45 years$16,885$9,941$5,606$3,059$1,631$195
46 years$16,331$9,483$5,265$2,825$1,480$168
47 years$15,803$9,050$4,946$2,610$1,344$144
48 years$15,298$8,639$4,648$2,412$1,221$123
49 years$14,815$8,250$4,369$2,229$1,109$106
50 years$14,352$7,881$4,107$2,060$1,007$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $14,700,000, adding $3,466 every year, while hoping to spend $32,113 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: 80/7/13 Blend
44$14,700,000$14,700,000$14,700,000$14,700,000
45$16,202,975$15,423,875$15,196,025$17,458,460
46$17,821,511$16,145,477$15,670,924$19,005,527
47$19,604,060$16,901,361$16,160,656$20,698,422
48$21,567,320$17,693,173$16,665,683$22,555,327
49$23,729,687$18,522,639$17,186,484$24,592,652
50$26,111,434$19,391,568$17,723,550$26,828,468
51$28,734,901$20,301,855$18,277,390$29,282,679
52$31,624,705$21,255,490$18,848,526$31,977,203
53$34,807,973$22,254,556$19,437,499$34,936,181
54$38,314,596$23,301,240$20,044,866$38,186,200
55$42,177,516$24,397,831$20,671,200$41,756,547
56$46,433,030$25,546,733$21,317,093$45,679,479
57$51,121,139$26,750,463$21,983,156$49,990,526
58$56,285,922$28,011,662$22,670,018$54,728,827
59$61,975,951$29,333,099$23,378,328$59,937,494
60$68,244,752$30,717,675$24,108,756$65,664,019
61$75,151,310$32,168,433$24,861,992$71,960,719
62$82,760,622$33,688,565$25,638,748$78,885,226
63$91,144,316$35,281,416$26,439,757$86,501,032
64$100,381,324$36,950,493$27,265,776$94,878,081
65$110,558,626$38,699,474$28,117,586$104,093,430
66$121,772,072$40,532,214$28,995,992$114,231,974
67$134,127,288$42,452,758$29,901,822$125,387,240
68$147,740,672$44,465,344$30,835,934$137,662,271
69$162,740,492$46,574,417$31,799,209$151,170,593
70$179,268,097$48,784,638$32,792,558$166,037,283
71$197,479,252$51,100,894$33,816,917$182,400,151
72$217,545,608$53,528,310$34,873,256$200,411,028
73$239,656,321$56,072,259$35,962,572$220,237,206
74$264,019,841$58,738,375$37,085,893$242,063,004
75$290,865,875$61,532,565$38,244,281$266,091,509
76$320,447,559$64,461,025$39,438,828$292,546,489
77$353,043,845$67,530,251$40,670,665$321,674,495
78$388,962,138$70,747,054$41,940,952$353,747,193
79$428,541,192$74,118,576$43,250,891$389,063,915
80$472,154,316$77,652,308$44,601,717$427,954,484
81$520,212,888$81,356,103$45,994,707$470,782,323
82$573,170,248$85,238,198$47,431,175$517,947,875
83$631,525,972$89,307,227$48,912,478$569,892,384
84$695,830,588$93,572,249$50,440,013$627,102,049
85$766,690,778$98,042,759$52,015,224$690,112,612
86$844,775,100$102,728,717$53,639,596$759,514,405
87$930,820,301$107,640,565$55,314,663$835,957,918
88$1,025,638,274$112,789,255$57,042,007$920,159,931
89$1,130,123,721$118,186,271$58,823,257$1,012,910,278
90$1,245,262,599$123,843,657$60,660,095$1,115,079,288
91$1,372,141,430$129,774,042$62,554,254$1,227,626,000
92$1,511,957,556$135,990,671$64,507,522$1,351,607,204
93$1,666,030,444$142,507,431$66,521,741$1,488,187,409
94$1,835,814,144$149,338,890$68,598,814$1,638,649,831
95$2,022,911,012$156,500,320$70,740,699$1,804,408,493
96$2,229,086,840$164,007,741$72,949,418$1,987,021,565
97$2,456,287,529$171,877,951$75,227,054$2,188,206,067
98$2,706,657,453$180,128,568$77,575,757$2,409,854,063
99$2,982,559,711$188,778,065$79,997,743$2,654,050,515
100$3,286,598,429$197,845,818$82,495,295$2,923,092,951