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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,269,419
2 years$654,092$641,910$630,104$618,657$607,554$601,050
3 years$431,730$419,495$407,719$396,379$385,457$379,096
4 years$320,570$308,373$296,715$285,569$274,911$268,741
5 years$253,892$241,768$230,263$219,344$208,983$203,022
6 years$209,455$197,422$186,087$175,411$165,361$159,617
7 years$177,726$165,795$154,639$144,215$134,483$128,958
8 years$153,940$142,117$131,146$120,979$111,567$106,262
9 years$135,450$123,738$112,956$103,047$93,955$88,869
10 years$120,667$109,069$98,478$88,828$80,054$75,185
11 years$108,579$97,098$86,698$77,307$68,850$64,193
12 years$98,513$87,150$76,942$67,808$59,664$55,217
13 years$90,002$78,758$68,743$59,865$52,028$47,786
14 years$82,714$71,589$61,766$53,141$45,607$41,566
15 years$76,403$65,398$55,766$47,392$40,156$36,310
16 years$70,886$60,001$50,560$42,435$35,490$31,834
17 years$66,023$55,259$46,008$38,127$31,468$27,997
18 years$61,706$51,062$41,999$34,360$27,980$24,687
19 years$57,847$47,323$38,448$31,048$24,939$21,819
20 years$54,379$43,975$35,286$28,120$22,276$19,323
21 years$51,245$40,961$32,456$25,520$19,935$17,142
22 years$48,400$38,236$29,913$23,204$17,869$15,231
23 years$45,806$35,761$27,620$21,132$16,040$13,550
24 years$43,431$33,506$25,544$19,274$14,417$12,070
25 years$41,250$31,444$23,659$17,602$12,973$10,762
26 years$39,241$29,552$21,942$16,094$11,686$9,605
27 years$37,383$27,812$20,375$14,731$10,536$8,579
28 years$35,661$26,207$18,941$13,497$9,506$7,668
29 years$34,060$24,723$17,627$12,377$8,584$6,859
30 years$32,569$23,348$16,418$11,359$7,756$6,138
31 years$31,177$22,072$15,306$10,433$7,012$5,496
32 years$29,875$20,885$14,281$9,588$6,343$4,923
33 years$28,654$19,778$13,334$8,817$5,741$4,412
34 years$27,507$18,745$12,459$8,112$5,197$3,955
35 years$26,428$17,779$11,648$7,468$4,708$3,547
36 years$25,412$16,875$10,897$6,878$4,265$3,182
37 years$24,452$16,028$10,199$6,337$3,866$2,855
38 years$23,546$15,232$9,551$5,841$3,505$2,562
39 years$22,688$14,484$8,948$5,385$3,178$2,300
40 years$21,875$13,780$8,387$4,967$2,883$2,065
41 years$21,103$13,118$7,864$4,583$2,615$1,854
42 years$20,370$12,493$7,377$4,230$2,373$1,665
43 years$19,674$11,903$6,922$3,904$2,154$1,496
44 years$19,010$11,346$6,498$3,605$1,955$1,344
45 years$18,378$10,820$6,101$3,329$1,775$1,207
46 years$17,776$10,322$5,731$3,075$1,611$1,085
47 years$17,200$9,850$5,384$2,841$1,463$975
48 years$16,650$9,403$5,059$2,625$1,329$876
49 years$16,125$8,979$4,755$2,426$1,207$787
50 years$15,622$8,577$4,471$2,243$1,096$708

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 $3,956 every year, while hoping to spend $39,113 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: 59/26/15 Blend
44$16,000,000$16,000,000$16,000,000$16,000,000
45$17,636,081$16,788,081$16,540,081$18,609,216
46$19,393,345$17,569,081$17,052,557$20,047,773
47$21,328,539$18,387,039$17,580,891$21,611,094
48$23,459,771$19,243,725$18,125,572$23,314,976
49$25,806,994$20,140,993$18,687,105$25,172,974
50$28,392,195$21,080,789$19,266,010$27,199,997
51$31,239,602$22,065,152$19,862,825$29,412,436
52$34,375,914$23,096,217$20,478,102$31,828,319
53$37,830,551$24,176,225$21,112,412$34,467,473
54$41,635,932$25,307,525$21,766,343$37,351,709
55$45,827,782$26,492,578$22,440,500$40,505,020
56$50,445,468$27,733,966$23,135,509$43,953,802
57$55,532,370$29,034,395$23,852,013$47,727,098
58$61,136,292$30,396,701$24,590,676$51,856,866
59$67,309,912$31,823,857$25,352,182$56,378,274
60$74,111,280$33,318,983$26,137,236$61,330,024
61$81,604,363$34,885,346$26,946,567$66,754,711
62$89,859,653$36,526,374$27,780,922$72,699,218
63$98,954,830$38,245,658$28,641,075$79,215,151
64$108,975,494$40,046,967$29,527,823$86,359,316
65$120,015,975$41,934,248$30,441,985$94,194,250
66$132,180,222$43,911,644$31,384,409$102,788,798
67$145,582,784$45,983,494$32,355,966$112,218,758
68$160,349,893$48,154,351$33,357,556$122,567,584
69$176,620,654$50,428,986$34,390,106$133,927,165
70$194,548,358$52,812,402$35,454,571$146,398,679
71$214,301,927$55,309,847$36,551,937$160,093,542
72$236,067,514$57,926,820$37,683,217$175,134,443
73$260,050,255$60,669,089$38,849,459$191,656,494
74$286,476,207$63,542,700$40,051,742$209,808,488
75$315,594,483$66,553,995$41,291,177$229,754,296
76$347,679,599$69,709,620$42,568,911$251,674,394
77$383,034,074$73,016,547$43,886,126$275,767,558
78$421,991,277$76,482,085$45,244,038$302,252,720
79$464,918,578$80,113,897$46,643,904$331,371,023
80$512,220,815$83,920,021$48,087,017$363,388,077
81$564,344,118$87,908,881$49,574,712$398,596,451
82$621,780,116$92,089,315$51,108,363$437,318,416
83$685,070,582$96,470,586$52,689,387$479,908,970
84$754,812,546$101,062,409$54,319,246$526,759,165
85$831,663,930$105,874,972$55,999,446$578,299,781
86$916,349,762$110,918,956$57,731,538$635,005,371
87$1,009,669,015$116,205,563$59,517,122$697,398,716
88$1,112,502,158$121,746,538$61,357,849$766,055,737
89$1,225,819,458$127,554,199$63,255,417$841,610,907
90$1,350,690,149$133,641,460$65,211,579$924,763,214
91$1,488,292,518$140,021,866$67,228,141$1,016,282,733
92$1,639,925,037$146,709,619$69,306,966$1,117,017,864
93$1,807,018,613$153,719,613$71,449,971$1,227,903,316
94$1,991,150,102$161,067,465$73,659,136$1,349,968,895
95$2,194,057,194$168,769,552$75,936,499$1,484,349,197
96$2,417,654,818$176,843,050$78,284,162$1,632,294,279
97$2,664,053,219$185,305,969$80,704,291$1,795,181,430
98$2,935,577,881$194,177,196$83,199,118$1,974,528,131
99$3,234,791,483$203,476,536$85,770,947$2,172,006,343
100$3,564,518,089$213,224,761$88,422,148$2,389,458,250