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%16.6%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,272,532
2 years$670,444$657,958$645,856$634,123$622,742$587,503
3 years$442,523$429,982$417,912$406,289$395,093$360,945
4 years$328,585$316,083$304,133$292,708$281,784$248,989
5 years$260,239$247,813$236,019$224,828$214,208$182,856
6 years$214,691$202,358$190,739$179,797$169,495$139,617
7 years$182,169$169,940$158,505$147,821$137,845$109,442
8 years$157,789$145,670$134,425$124,003$114,356$87,414
9 years$138,836$126,832$115,780$105,623$96,304$70,798
10 years$123,683$111,796$100,940$91,048$82,056$57,953
11 years$111,293$99,525$88,866$79,239$70,571$47,834
12 years$100,976$89,329$78,866$69,503$61,155$39,743
13 years$92,252$80,727$70,462$61,361$53,328$33,196
14 years$84,782$73,379$63,310$54,470$46,747$27,847
15 years$78,313$67,033$57,160$48,577$41,160$23,442
16 years$72,658$61,501$51,824$43,496$36,377$19,792
17 years$67,674$56,640$47,158$39,081$32,255$16,751
18 years$63,249$52,338$43,049$35,219$28,679$14,206
19 years$59,294$48,506$39,409$31,824$25,563$12,068
20 years$55,738$45,075$36,168$28,823$22,833$10,266
21 years$52,526$41,985$33,268$26,158$20,433$8,744
22 years$49,610$39,192$30,661$23,784$18,315$7,455
23 years$46,951$36,655$28,310$21,660$16,441$6,362
24 years$44,517$34,343$26,182$19,756$14,777$5,433
25 years$42,282$32,230$24,250$18,042$13,297$4,643
26 years$40,222$30,291$22,491$16,497$11,978$3,969
27 years$38,317$28,507$20,885$15,100$10,799$3,395
28 years$36,552$26,862$19,415$13,835$9,744$2,905
29 years$34,912$25,341$18,067$12,687$8,799$2,487
30 years$33,383$23,932$16,829$11,643$7,950$2,129
31 years$31,956$22,624$15,689$10,693$7,188$1,823
32 years$30,621$21,407$14,638$9,827$6,502$1,562
33 years$29,370$20,273$13,668$9,037$5,884$1,338
34 years$28,195$19,214$12,770$8,315$5,327$1,147
35 years$27,089$18,224$11,939$7,654$4,825$983
36 years$26,047$17,297$11,169$7,049$4,372$842
37 years$25,064$16,428$10,454$6,495$3,962$722
38 years$24,134$15,613$9,790$5,987$3,592$619
39 years$23,255$14,846$9,172$5,520$3,258$530
40 years$22,421$14,125$8,597$5,091$2,955$455
41 years$21,631$13,446$8,061$4,698$2,681$390
42 years$20,880$12,805$7,562$4,335$2,432$334
43 years$20,165$12,201$7,096$4,002$2,208$287
44 years$19,486$11,630$6,660$3,695$2,004$246
45 years$18,838$11,090$6,254$3,413$1,819$211
46 years$18,220$10,580$5,874$3,152$1,652$181
47 years$17,630$10,096$5,518$2,912$1,500$155
48 years$17,067$9,638$5,186$2,691$1,362$133
49 years$16,528$9,204$4,874$2,487$1,237$114
50 years$16,012$8,792$4,582$2,299$1,124$98

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 $3,172 every year, while hoping to spend $42,216 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: 36/40/24 Blend
44$16,400,000$16,400,000$16,400,000$16,400,000
45$18,076,072$17,206,872$16,952,672$18,595,873
46$19,874,914$18,005,091$17,475,669$19,777,268
47$21,855,823$18,841,008$18,014,771$21,047,695
48$24,037,325$19,716,426$18,570,474$22,418,396
49$26,439,834$20,633,233$19,143,288$23,898,390
50$29,085,847$21,593,412$19,733,738$25,497,562
51$32,000,152$22,599,037$20,342,366$27,226,752
52$35,210,063$23,652,285$20,969,731$29,097,849
53$38,745,681$24,755,439$21,616,409$31,123,895
54$42,640,174$25,910,889$22,282,992$33,319,197
55$46,930,092$27,121,143$22,970,093$35,699,461
56$51,655,711$28,388,828$23,678,340$38,281,924
57$56,861,414$29,716,701$24,408,385$41,085,510
58$62,596,109$31,107,650$25,160,896$44,131,001
59$68,913,689$32,564,702$25,936,564$47,441,219
60$75,873,545$34,091,032$26,736,098$51,041,235
61$83,541,122$35,689,969$27,560,233$54,958,588
62$91,988,539$37,365,000$28,409,724$59,223,543
63$101,295,269$39,119,783$29,285,348$63,869,356
64$111,548,888$40,958,154$30,187,909$68,932,577
65$122,845,903$42,884,132$31,118,232$74,453,386
66$135,292,663$44,901,933$32,077,171$80,475,954
67$149,006,362$47,015,975$33,065,604$87,048,844
68$164,116,145$49,230,891$34,084,435$94,225,461
69$180,764,325$51,551,539$35,134,597$102,064,534
70$199,107,733$53,983,011$36,217,053$110,630,655
71$219,319,190$56,530,647$37,332,793$119,994,871
72$241,589,144$59,200,044$38,482,837$130,235,341
73$266,127,463$61,997,073$39,668,239$141,438,048
74$293,165,422$64,927,888$40,890,083$153,697,594
75$322,957,882$67,998,941$42,149,487$167,118,071
76$355,785,694$71,216,997$43,447,603$181,814,026
77$391,958,355$74,589,150$44,785,618$197,911,512
78$431,816,927$78,122,839$46,164,756$215,549,260
79$475,737,257$81,825,861$47,586,279$234,879,961
80$524,133,522$85,706,393$49,051,484$256,071,682
81$577,462,146$89,773,010$50,561,713$279,309,425
82$636,226,099$94,034,703$52,118,345$304,796,843
83$700,979,654$98,500,896$53,722,803$332,758,136
84$772,333,615$103,181,476$55,376,553$363,440,133
85$850,961,082$108,086,806$57,081,105$397,114,592
86$937,603,807$113,227,755$58,838,017$434,080,726
87$1,033,079,199$118,615,718$60,648,894$474,667,997
88$1,138,288,034$124,262,645$62,515,389$519,239,187
89$1,254,222,965$130,181,066$64,439,206$568,193,781
90$1,381,977,890$136,384,121$66,422,102$621,971,700
91$1,522,758,279$142,885,588$68,465,887$681,057,408
92$1,677,892,555$149,699,913$70,572,426$745,984,442
93$1,848,844,635$156,842,248$72,743,641$817,340,403
94$2,037,227,749$164,328,479$74,981,514$895,772,447
95$2,244,819,670$172,175,265$77,288,086$981,993,351
96$2,473,579,500$180,400,077$79,665,460$1,076,788,182
97$2,725,666,162$189,021,234$82,115,806$1,181,021,653
98$3,003,458,782$198,057,946$84,641,357$1,295,646,227
99$3,309,579,152$207,530,359$87,244,417$1,421,711,044
100$3,646,916,478$217,459,599$89,927,357$1,560,371,765