Can I retire at age 45 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,237,997
2 years$654,092$641,910$630,104$618,657$607,554$569,718
3 years$431,730$419,495$407,719$396,379$385,457$348,837
4 years$320,570$308,373$296,715$285,569$274,911$239,787
5 years$253,892$241,768$230,263$219,344$208,983$175,451
6 years$209,455$197,422$186,087$175,411$165,361$133,451
7 years$177,726$165,795$154,639$144,215$134,483$104,194
8 years$153,940$142,117$131,146$120,979$111,567$82,880
9 years$135,450$123,738$112,956$103,047$93,955$66,842
10 years$120,667$109,069$98,478$88,828$80,054$54,476
11 years$108,579$97,098$86,698$77,307$68,850$44,763
12 years$98,513$87,150$76,942$67,808$59,664$37,020
13 years$90,002$78,758$68,743$59,865$52,028$30,775
14 years$82,714$71,589$61,766$53,141$45,607$25,692
15 years$76,403$65,398$55,766$47,392$40,156$21,522
16 years$70,886$60,001$50,560$42,435$35,490$18,080
17 years$66,023$55,259$46,008$38,127$31,468$15,224
18 years$61,706$51,062$41,999$34,360$27,980$12,844
19 years$57,847$47,323$38,448$31,048$24,939$10,854
20 years$54,379$43,975$35,286$28,120$22,276$9,184
21 years$51,245$40,961$32,456$25,520$19,935$7,780
22 years$48,400$38,236$29,913$23,204$17,869$6,598
23 years$45,806$35,761$27,620$21,132$16,040$5,599
24 years$43,431$33,506$25,544$19,274$14,417$4,755
25 years$41,250$31,444$23,659$17,602$12,973$4,040
26 years$39,241$29,552$21,942$16,094$11,686$3,435
27 years$37,383$27,812$20,375$14,731$10,536$2,921
28 years$35,661$26,207$18,941$13,497$9,506$2,486
29 years$34,060$24,723$17,627$12,377$8,584$2,115
30 years$32,569$23,348$16,418$11,359$7,756$1,801
31 years$31,177$22,072$15,306$10,433$7,012$1,533
32 years$29,875$20,885$14,281$9,588$6,343$1,306
33 years$28,654$19,778$13,334$8,817$5,741$1,112
34 years$27,507$18,745$12,459$8,112$5,197$947
35 years$26,428$17,779$11,648$7,468$4,708$807
36 years$25,412$16,875$10,897$6,878$4,265$688
37 years$24,452$16,028$10,199$6,337$3,866$586
38 years$23,546$15,232$9,551$5,841$3,505$499
39 years$22,688$14,484$8,948$5,385$3,178$426
40 years$21,875$13,780$8,387$4,967$2,883$363
41 years$21,103$13,118$7,864$4,583$2,615$309
42 years$20,370$12,493$7,377$4,230$2,373$264
43 years$19,674$11,903$6,922$3,904$2,154$225
44 years$19,010$11,346$6,498$3,605$1,955$191
45 years$18,378$10,820$6,101$3,329$1,775$163
46 years$17,776$10,322$5,731$3,075$1,611$139
47 years$17,200$9,850$5,384$2,841$1,463$119
48 years$16,650$9,403$5,059$2,625$1,329$101
49 years$16,125$8,979$4,755$2,426$1,207$86
50 years$15,622$8,577$4,471$2,243$1,096$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,000,000, adding $4,392 every year, while hoping to spend $31,408 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: 35/42/23 Blend
44$16,000,000$16,000,000$16,000,000$16,000,000
45$17,636,530$16,788,530$16,540,530$18,130,577
46$19,402,039$17,577,750$17,061,220$19,285,447
47$21,346,576$18,404,590$17,598,301$20,527,478
48$23,488,370$19,270,858$18,152,287$21,866,984
49$25,847,508$20,178,454$18,723,713$23,312,674
50$28,446,122$21,129,366$19,313,125$24,874,093
51$31,308,603$22,125,682$19,921,092$26,561,701
52$34,461,828$23,169,588$20,548,196$28,386,968
53$37,935,414$24,263,377$21,195,039$30,362,471
54$41,761,997$25,409,454$21,862,245$32,502,005
55$45,977,544$26,610,340$22,550,452$34,820,704
56$50,621,684$27,868,677$23,260,323$37,335,176
57$55,738,091$29,187,238$23,992,540$40,063,649
58$61,374,891$30,568,927$24,747,805$43,026,133
59$67,585,117$32,016,792$25,526,843$46,244,596
60$74,427,211$33,534,027$26,330,405$49,743,167
61$81,965,574$35,123,981$27,159,260$53,548,343
62$90,271,173$36,790,167$28,014,207$57,689,233
63$99,422,215$38,536,267$28,896,064$62,197,819
64$109,504,879$40,366,143$29,805,681$67,109,243
65$120,614,136$42,283,843$30,743,930$72,462,128
66$132,854,639$44,293,612$31,711,713$78,298,922
67$146,341,716$46,399,903$32,709,959$84,666,291
68$161,202,455$48,607,383$33,739,627$91,615,536
69$177,576,908$50,920,947$34,801,707$99,203,067
70$195,619,406$53,345,727$35,897,218$107,490,915
71$215,500,024$55,887,105$37,027,212$116,547,296
72$237,406,178$58,550,726$38,192,776$126,447,245
73$261,544,403$61,342,506$39,395,029$137,273,293
74$288,142,295$64,268,651$40,635,125$149,116,233
75$317,450,663$67,335,669$41,914,256$162,075,954
76$349,745,897$70,550,383$43,233,649$176,262,357
77$385,332,576$73,919,949$44,594,574$191,796,371
78$424,546,342$77,451,871$45,998,336$208,811,073
79$467,757,074$81,154,017$47,446,285$227,452,910
80$515,372,370$85,034,639$48,939,810$247,883,059
81$567,841,405$89,102,389$50,480,347$270,278,922
82$625,659,164$93,366,342$52,069,375$294,835,764
83$689,371,121$97,836,015$53,708,420$321,768,529
84$759,578,380$102,521,384$55,399,057$351,313,834
85$836,943,359$107,432,917$57,142,910$383,732,171
86$922,196,037$112,581,585$58,941,654$419,310,325
87$1,016,140,849$117,978,899$60,797,015$458,364,049
88$1,119,664,278$123,636,927$62,710,777$501,241,001
89$1,233,743,224$129,568,326$64,684,777$548,323,983
90$1,359,454,227$135,786,369$66,720,912$600,034,518
91$1,497,983,633$142,304,975$68,821,137$656,836,775
92$1,650,638,788$149,138,743$70,987,470$719,241,910
93$1,818,860,384$156,302,982$73,221,990$787,812,837
94$2,004,236,062$163,813,746$75,526,845$863,169,493
95$2,208,515,394$171,687,873$77,904,248$945,994,633
96$2,433,626,406$179,943,021$80,356,482$1,037,040,220
97$2,681,693,778$188,597,708$82,885,903$1,137,134,461
98$2,955,058,903$197,671,355$85,494,941$1,247,189,566
99$3,256,301,990$207,184,331$88,186,100$1,368,210,291
100$3,588,266,425$217,157,995$90,961,966$1,501,303,356