Can I retire at age 45 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,295,180
2 years$670,444$657,958$645,856$634,123$622,742$610,071
3 years$442,523$429,982$417,912$406,289$395,093$382,722
4 years$328,585$316,083$304,133$292,708$281,784$269,808
5 years$260,239$247,813$236,019$224,828$214,208$202,662
6 years$214,691$202,358$190,739$179,797$169,495$158,395
7 years$182,169$169,940$158,505$147,821$137,845$127,195
8 years$157,789$145,670$134,425$124,003$114,356$104,155
9 years$138,836$126,832$115,780$105,623$96,304$86,549
10 years$123,683$111,796$100,940$91,048$82,056$72,741
11 years$111,293$99,525$88,866$79,239$70,571$61,689
12 years$100,976$89,329$78,866$69,503$61,155$52,697
13 years$92,252$80,727$70,462$61,361$53,328$45,285
14 years$84,782$73,379$63,310$54,470$46,747$39,107
15 years$78,313$67,033$57,160$48,577$41,160$33,912
16 years$72,658$61,501$51,824$43,496$36,377$29,510
17 years$67,674$56,640$47,158$39,081$32,255$25,755
18 years$63,249$52,338$43,049$35,219$28,679$22,535
19 years$59,294$48,506$39,409$31,824$25,563$19,761
20 years$55,738$45,075$36,168$28,823$22,833$17,360
21 years$52,526$41,985$33,268$26,158$20,433$15,277
22 years$49,610$39,192$30,661$23,784$18,315$13,462
23 years$46,951$36,655$28,310$21,660$16,441$11,878
24 years$44,517$34,343$26,182$19,756$14,777$10,491
25 years$42,282$32,230$24,250$18,042$13,297$9,275
26 years$40,222$30,291$22,491$16,497$11,978$8,207
27 years$38,317$28,507$20,885$15,100$10,799$7,267
28 years$36,552$26,862$19,415$13,835$9,744$6,439
29 years$34,912$25,341$18,067$12,687$8,799$5,708
30 years$33,383$23,932$16,829$11,643$7,950$5,063
31 years$31,956$22,624$15,689$10,693$7,188$4,493
32 years$30,621$21,407$14,638$9,827$6,502$3,989
33 years$29,370$20,273$13,668$9,037$5,884$3,542
34 years$28,195$19,214$12,770$8,315$5,327$3,146
35 years$27,089$18,224$11,939$7,654$4,825$2,796
36 years$26,047$17,297$11,169$7,049$4,372$2,485
37 years$25,064$16,428$10,454$6,495$3,962$2,209
38 years$24,134$15,613$9,790$5,987$3,592$1,964
39 years$23,255$14,846$9,172$5,520$3,258$1,746
40 years$22,421$14,125$8,597$5,091$2,955$1,553
41 years$21,631$13,446$8,061$4,698$2,681$1,382
42 years$20,880$12,805$7,562$4,335$2,432$1,229
43 years$20,165$12,201$7,096$4,002$2,208$1,094
44 years$19,486$11,630$6,660$3,695$2,004$973
45 years$18,838$11,090$6,254$3,413$1,819$866
46 years$18,220$10,580$5,874$3,152$1,652$771
47 years$17,630$10,096$5,518$2,912$1,500$686
48 years$17,067$9,638$5,186$2,691$1,362$610
49 years$16,528$9,204$4,874$2,487$1,237$543
50 years$16,012$8,792$4,582$2,299$1,124$484

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,400,000, adding $2,733 every year, while hoping to spend $37,078 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: 65/12/23 Blend
44$16,400,000$16,400,000$16,400,000$16,400,000
45$18,075,619$17,206,419$16,952,219$19,142,912
46$19,879,882$18,010,083$17,480,668$20,665,462
47$21,866,936$18,851,884$18,025,577$22,324,382
48$24,055,388$19,733,651$18,587,458$24,136,632
49$26,465,740$20,657,302$19,166,841$26,117,264
50$29,120,585$21,624,849$19,764,268$28,282,844
51$32,044,816$22,638,398$20,380,303$30,651,603
52$35,265,868$23,700,160$21,015,524$33,243,609
53$38,813,970$24,812,452$21,670,528$36,080,947
54$42,722,435$25,977,702$22,345,931$39,187,932
55$47,027,971$27,198,456$23,042,366$42,591,329
56$51,771,028$28,477,385$23,760,490$46,320,605
57$56,996,183$29,817,287$24,500,976$50,408,203
58$62,752,555$31,221,096$25,264,521$54,889,842
59$69,094,275$32,691,888$26,051,841$59,804,853
60$76,080,990$34,232,890$26,863,677$65,196,545
61$83,778,431$35,847,482$27,700,791$71,112,606
62$92,259,033$37,539,210$28,563,969$77,605,556
63$101,602,615$39,311,792$29,454,023$84,733,230
64$111,897,138$41,169,126$30,371,788$92,559,323
65$123,239,529$43,115,296$31,318,126$101,153,985
66$135,736,604$45,154,589$32,293,927$110,594,477
67$149,506,071$47,291,497$33,300,106$120,965,898
68$164,677,639$49,530,729$34,337,609$132,361,977
69$181,394,249$51,877,225$35,407,409$144,885,955
70$199,813,417$54,336,164$36,510,512$158,651,552
71$220,108,724$56,912,974$37,647,952$173,784,033
72$242,471,453$59,613,350$38,820,799$190,421,387
73$267,112,399$62,443,261$40,030,153$208,715,617
74$294,263,849$65,408,967$41,277,149$228,834,171
75$324,181,786$68,517,031$42,562,957$250,961,512
76$357,148,298$71,774,335$43,888,786$275,300,854
77$393,474,243$75,188,096$45,255,879$302,076,069
78$433,502,184$78,765,881$46,665,520$331,533,793
79$477,609,623$82,515,625$48,119,030$363,945,744
80$526,212,562$86,445,649$49,617,776$399,611,276
81$579,769,434$90,564,676$51,163,162$438,860,198
82$638,785,428$94,881,856$52,756,639$482,055,872
83$703,817,257$99,406,783$54,399,702$529,598,636
84$775,478,418$104,149,516$56,093,892$581,929,572
85$854,444,979$109,120,605$57,840,800$639,534,651
86$941,461,964$114,331,111$59,642,064$702,949,318
87$1,037,350,384$119,792,636$61,499,373$772,763,526
88$1,143,014,992$125,517,343$63,414,471$849,627,292
89$1,259,452,817$131,517,990$65,389,152$934,256,825
90$1,387,762,586$137,807,952$67,425,270$1,027,441,265
91$1,529,155,086$144,401,259$69,524,733$1,130,050,119
92$1,684,964,604$151,312,619$71,689,511$1,243,041,459
93$1,856,661,517$158,557,462$73,921,633$1,367,470,939
94$2,045,866,178$166,151,963$76,223,193$1,504,501,751
95$2,254,364,206$174,113,087$78,596,349$1,655,415,586
96$2,484,123,354$182,458,627$81,043,325$1,821,624,713
97$2,737,312,076$191,207,239$83,566,416$2,004,685,289
98$3,016,320,003$200,378,490$86,167,987$2,206,312,033
99$3,323,780,505$209,992,898$88,850,476$2,428,394,392
100$3,662,595,548$220,071,982$91,616,399$2,673,014,350