Can I retire at age 45 with 14,800,000?

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 $14,800,000?

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$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,148,382
2 years$605,035$593,767$582,846$572,257$561,987$530,186
3 years$399,350$388,033$377,140$366,651$356,548$325,731
4 years$296,528$285,245$274,461$264,151$254,293$224,697
5 years$234,850$223,636$212,993$202,894$193,309$165,017
6 years$193,746$182,615$172,130$162,256$152,959$125,996
7 years$164,396$153,360$143,041$133,399$124,397$98,765
8 years$142,395$131,458$121,310$111,905$103,199$78,886
9 years$125,291$114,458$104,484$95,319$86,909$63,891
10 years$111,617$100,889$91,092$82,165$74,050$52,299
11 years$100,435$89,816$80,196$71,509$63,686$43,168
12 years$91,125$80,614$71,172$62,723$55,189$35,866
13 years$83,252$72,851$63,587$55,375$48,126$29,957
14 years$76,510$66,220$57,133$49,155$42,187$25,130
15 years$70,673$60,493$51,584$43,838$37,144$21,155
16 years$65,570$55,501$46,768$39,252$32,828$17,861
17 years$61,072$51,114$42,557$35,268$29,108$15,117
18 years$57,078$47,232$38,849$31,783$25,881$12,820
19 years$53,509$43,774$35,565$28,719$23,069$10,891
20 years$50,301$40,677$32,639$26,011$20,605$9,265
21 years$47,402$37,889$30,022$23,606$18,439$7,891
22 years$44,770$35,368$27,670$21,463$16,528$6,728
23 years$42,370$33,079$25,548$19,547$14,837$5,741
24 years$40,174$30,993$23,628$17,828$13,336$4,903
25 years$38,157$29,085$21,884$16,282$12,000$4,190
26 years$36,298$27,336$20,296$14,887$10,809$3,582
27 years$34,579$25,726$18,847$13,627$9,745$3,064
28 years$32,986$24,241$17,521$12,485$8,793$2,622
29 years$31,506$22,869$16,305$11,449$7,940$2,244
30 years$30,126$21,597$15,187$10,507$7,175$1,921
31 years$28,839$20,417$14,158$9,650$6,486$1,645
32 years$27,634$19,318$13,210$8,869$5,867$1,409
33 years$26,505$18,295$12,334$8,155$5,310$1,207
34 years$25,444$17,339$11,524$7,504$4,808$1,035
35 years$24,446$16,446$10,775$6,908$4,354$887
36 years$23,506$15,610$10,079$6,362$3,945$760
37 years$22,618$14,826$9,434$5,861$3,576$651
38 years$21,780$14,090$8,835$5,403$3,242$558
39 years$20,986$13,398$8,277$4,982$2,940$479
40 years$20,234$12,747$7,758$4,595$2,666$410
41 years$19,520$12,134$7,275$4,239$2,419$352
42 years$18,843$11,556$6,824$3,912$2,195$302
43 years$18,198$11,010$6,403$3,612$1,992$259
44 years$17,585$10,495$6,011$3,335$1,808$222
45 years$17,000$10,008$5,644$3,080$1,642$190
46 years$16,442$9,547$5,301$2,845$1,491$163
47 years$15,910$9,111$4,980$2,628$1,353$140
48 years$15,402$8,698$4,680$2,429$1,229$120
49 years$14,915$8,306$4,399$2,244$1,116$103
50 years$14,450$7,934$4,135$2,075$1,014$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $14,800,000, adding $2,423 every year, while hoping to spend $21,360 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: 65/18/17 Blend
44$14,800,000$14,800,000$14,800,000$14,800,000
45$16,312,099$15,527,699$15,298,299$17,303,930
46$17,953,207$16,265,830$15,788,065$18,706,917
47$19,760,991$17,039,413$16,293,523$20,236,765
48$21,752,431$17,850,163$16,815,175$21,908,030
49$23,946,236$18,699,878$17,353,540$23,734,546
50$26,363,023$19,590,443$17,909,155$25,731,529
51$29,025,512$20,523,836$18,482,573$27,915,726
52$31,958,740$21,502,129$19,074,364$30,305,560
53$35,190,294$22,527,495$19,685,118$32,921,308
54$38,750,577$23,602,216$20,315,442$35,785,284
55$42,673,091$24,728,680$20,965,965$38,922,048
56$46,994,756$25,909,395$21,637,334$42,358,631
57$51,756,254$27,146,988$22,330,218$46,124,790
58$57,002,418$28,444,217$23,045,306$50,253,279
59$62,782,652$29,803,971$23,783,312$54,780,157
60$69,151,399$31,229,281$24,544,969$59,745,123
61$76,168,652$32,723,327$25,331,036$65,191,885
62$83,900,526$34,289,441$26,142,296$71,168,566
63$92,419,874$35,931,118$26,979,558$77,728,155
64$101,806,983$37,652,025$27,843,656$84,928,999
65$112,150,327$39,456,006$28,735,449$92,835,348
66$123,547,401$41,347,090$29,655,827$101,517,956
67$136,105,645$43,329,507$30,605,707$111,054,743
68$149,943,457$45,407,689$31,586,034$121,531,520
69$165,191,309$47,586,286$32,597,786$133,042,794
70$181,992,982$49,870,173$33,641,971$145,692,651
71$200,506,918$52,264,463$34,719,629$159,595,734
72$220,907,721$54,774,519$35,831,834$174,878,313
73$243,387,802$57,405,965$36,979,694$191,679,468
74$268,159,198$60,164,697$38,164,354$210,152,395
75$295,455,570$63,056,901$39,386,994$230,465,842
76$325,534,413$66,089,063$40,648,833$252,805,691
77$358,679,482$69,267,987$41,951,127$277,376,701
78$395,203,476$72,600,805$43,295,177$304,404,435
79$435,450,986$76,094,999$44,682,321$334,137,370
80$479,801,749$79,758,417$46,113,941$366,849,238
81$528,674,236$83,599,288$47,591,466$402,841,593
82$582,529,596$87,626,241$49,116,369$442,446,646
83$641,876,017$91,848,329$50,690,169$486,030,388
84$707,273,517$96,275,044$52,314,437$533,996,027
85$779,339,236$100,916,341$53,990,790$586,787,787
86$858,753,259$105,782,662$55,720,902$644,895,076
87$946,265,036$110,884,958$57,506,498$708,857,098
88$1,042,700,462$116,234,713$59,349,358$779,267,922
89$1,148,969,668$121,843,972$61,251,320$856,782,072
90$1,266,075,615$127,725,369$63,214,281$942,120,690
91$1,395,123,568$133,892,152$65,240,199$1,036,078,320
92$1,537,331,521$140,358,216$67,331,094$1,139,530,393
93$1,694,041,704$147,138,137$69,489,054$1,253,441,465
94$1,866,733,250$154,247,197$71,716,229$1,378,874,304
95$2,057,036,161$161,701,430$74,014,843$1,516,999,899
96$2,266,746,698$169,517,648$76,387,188$1,669,108,488
97$2,497,844,333$177,713,485$78,835,631$1,836,621,715
98$2,752,510,446$186,307,437$81,362,616$2,021,106,021
99$3,033,148,911$195,318,901$83,970,663$2,224,287,409
100$3,342,408,795$204,768,222$86,662,375$2,448,067,705