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%19.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,227,666
2 years$654,092$641,910$630,104$618,657$607,554$559,556
3 years$431,730$419,495$407,719$396,379$385,457$339,168
4 years$320,570$308,373$296,715$285,569$274,911$230,684
5 years$253,892$241,768$230,263$219,344$208,983$166,932
6 years$209,455$197,422$186,087$175,411$165,361$125,515
7 years$177,726$165,795$154,639$144,215$134,483$96,830
8 years$153,940$142,117$131,146$120,979$111,567$76,072
9 years$135,450$123,738$112,956$103,047$93,955$60,569
10 years$120,667$109,069$98,478$88,828$80,054$48,715
11 years$108,579$97,098$86,698$77,307$68,850$39,487
12 years$98,513$87,150$76,942$67,808$59,664$32,204
13 years$90,002$78,758$68,743$59,865$52,028$26,392
14 years$82,714$71,589$61,766$53,141$45,607$21,713
15 years$76,403$65,398$55,766$47,392$40,156$17,919
16 years$70,886$60,001$50,560$42,435$35,490$14,827
17 years$66,023$55,259$46,008$38,127$31,468$12,293
18 years$61,706$51,062$41,999$34,360$27,980$10,210
19 years$57,847$47,323$38,448$31,048$24,939$8,492
20 years$54,379$43,975$35,286$28,120$22,276$7,071
21 years$51,245$40,961$32,456$25,520$19,935$5,894
22 years$48,400$38,236$29,913$23,204$17,869$4,917
23 years$45,806$35,761$27,620$21,132$16,040$4,104
24 years$43,431$33,506$25,544$19,274$14,417$3,428
25 years$41,250$31,444$23,659$17,602$12,973$2,864
26 years$39,241$29,552$21,942$16,094$11,686$2,394
27 years$37,383$27,812$20,375$14,731$10,536$2,002
28 years$35,661$26,207$18,941$13,497$9,506$1,674
29 years$34,060$24,723$17,627$12,377$8,584$1,401
30 years$32,569$23,348$16,418$11,359$7,756$1,172
31 years$31,177$22,072$15,306$10,433$7,012$981
32 years$29,875$20,885$14,281$9,588$6,343$821
33 years$28,654$19,778$13,334$8,817$5,741$687
34 years$27,507$18,745$12,459$8,112$5,197$575
35 years$26,428$17,779$11,648$7,468$4,708$482
36 years$25,412$16,875$10,897$6,878$4,265$403
37 years$24,452$16,028$10,199$6,337$3,866$338
38 years$23,546$15,232$9,551$5,841$3,505$283
39 years$22,688$14,484$8,948$5,385$3,178$237
40 years$21,875$13,780$8,387$4,967$2,883$198
41 years$21,103$13,118$7,864$4,583$2,615$166
42 years$20,370$12,493$7,377$4,230$2,373$139
43 years$19,674$11,903$6,922$3,904$2,154$116
44 years$19,010$11,346$6,498$3,605$1,955$97
45 years$18,378$10,820$6,101$3,329$1,775$82
46 years$17,776$10,322$5,731$3,075$1,611$68
47 years$17,200$9,850$5,384$2,841$1,463$57
48 years$16,650$9,403$5,059$2,625$1,329$48
49 years$16,125$8,979$4,755$2,426$1,207$40
50 years$15,622$8,577$4,471$2,243$1,096$34

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 $5,870 every year, while hoping to spend $53,567 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: 54/37/9 Blend
44$16,000,000$16,000,000$16,000,000$16,000,000
45$17,638,055$16,790,055$16,542,055$18,550,975
46$19,380,142$17,555,773$17,039,219$19,935,904
47$21,298,126$18,357,215$17,551,242$21,436,085
48$23,409,893$19,196,077$18,078,567$23,067,533
49$25,735,149$20,074,132$18,621,647$24,842,706
50$28,295,612$20,993,242$19,180,949$26,775,294
51$31,115,209$21,955,356$19,756,956$28,880,337
52$34,220,309$22,962,516$20,350,162$31,174,366
53$37,639,966$24,016,866$20,961,078$33,675,549
54$41,406,198$25,120,647$21,590,230$36,403,860
55$45,554,284$26,276,213$22,238,156$39,381,255
56$50,123,102$27,486,028$22,905,416$42,631,879
57$55,155,491$28,752,676$23,592,580$46,182,280
58$60,698,658$30,078,865$24,300,238$50,061,657
59$66,804,624$31,467,432$25,028,999$54,302,124
60$73,530,711$32,921,352$25,779,486$58,939,006
61$80,940,088$34,443,742$26,552,343$64,011,161
62$89,102,363$36,037,871$27,348,232$69,561,344
63$98,094,240$37,707,163$28,167,835$75,636,593
64$108,000,248$39,455,209$29,011,852$82,288,667
65$118,913,530$41,285,772$29,881,006$89,574,523
66$130,936,731$43,202,795$30,776,041$97,556,842
67$144,182,960$45,210,415$31,697,720$106,304,610
68$158,776,861$47,312,964$32,646,833$115,893,756
69$174,855,788$49,514,986$33,624,189$126,407,854
70$192,571,101$51,821,244$34,630,623$137,938,903
71$212,089,598$54,236,729$35,666,992$150,588,178
72$233,595,082$56,766,674$36,734,182$164,467,171
73$257,290,105$59,416,565$37,833,102$179,698,630
74$283,397,872$62,192,154$38,964,687$196,417,700
75$312,164,354$65,099,468$40,129,903$214,773,182
76$343,860,603$68,144,827$41,329,739$234,928,920
77$378,785,317$71,334,856$42,565,219$257,065,331
78$417,267,657$74,676,501$43,837,391$281,381,083
79$459,670,351$78,177,043$45,147,337$308,094,958
80$506,393,125$81,844,116$46,496,170$337,447,889
81$557,876,468$85,685,722$47,885,036$369,705,218
82$614,605,796$89,710,251$49,315,113$405,159,170
83$677,116,032$93,926,498$50,787,614$444,131,596
84$745,996,656$98,343,685$52,303,789$486,976,979
85$821,897,270$102,971,481$53,864,920$534,085,756
86$905,533,729$107,820,020$55,472,332$585,887,976
87$997,694,899$112,899,931$57,127,385$642,857,328
88$1,099,250,105$118,222,354$58,831,479$705,515,587
89$1,211,157,337$123,798,971$60,586,055$774,437,501
90$1,334,472,295$129,642,030$62,392,597$850,256,187
91$1,470,358,350$135,764,371$64,252,631$933,669,072
92$1,620,097,535$142,179,458$66,167,727$1,025,444,439
93$1,785,102,639$148,901,407$68,139,501$1,126,428,641
94$1,966,930,552$155,945,020$70,169,618$1,237,554,051
95$2,167,296,956$163,325,813$72,259,788$1,359,847,822
96$2,388,092,527$171,060,060$74,411,772$1,494,441,536
97$2,631,400,782$179,164,820$76,627,384$1,642,581,843
98$2,899,517,747$187,657,981$78,908,487$1,805,642,180
99$3,194,973,637$196,558,302$81,257,000$1,985,135,686
100$3,520,556,737$205,885,448$83,674,899$2,182,729,431