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%15.1%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,280,308
2 years$670,444$657,958$645,856$634,123$622,742$595,215
3 years$442,523$429,982$417,912$406,289$395,093$368,349
4 years$328,585$316,083$304,133$292,708$281,784$256,028
5 years$260,239$247,813$236,019$224,828$214,208$189,514
6 years$214,691$202,358$190,739$179,797$169,495$145,890
7 years$182,169$169,940$158,505$147,821$137,845$115,332
8 years$157,789$145,670$134,425$124,003$114,356$92,929
9 years$138,836$126,832$115,780$105,623$96,304$75,948
10 years$123,683$111,796$100,940$91,048$82,056$62,751
11 years$111,293$99,525$88,866$79,239$70,571$52,292
12 years$100,976$89,329$78,866$69,503$61,155$43,875
13 years$92,252$80,727$70,462$61,361$53,328$37,017
14 years$84,782$73,379$63,310$54,470$46,747$31,372
15 years$78,313$67,033$57,160$48,577$41,160$26,688
16 years$72,658$61,501$51,824$43,496$36,377$22,775
17 years$67,674$56,640$47,158$39,081$32,255$19,486
18 years$63,249$52,338$43,049$35,219$28,679$16,708
19 years$59,294$48,506$39,409$31,824$25,563$14,354
20 years$55,738$45,075$36,168$28,823$22,833$12,350
21 years$52,526$41,985$33,268$26,158$20,433$10,641
22 years$49,610$39,192$30,661$23,784$18,315$9,179
23 years$46,951$36,655$28,310$21,660$16,441$7,925
24 years$44,517$34,343$26,182$19,756$14,777$6,849
25 years$42,282$32,230$24,250$18,042$13,297$5,923
26 years$40,222$30,291$22,491$16,497$11,978$5,125
27 years$38,317$28,507$20,885$15,100$10,799$4,437
28 years$36,552$26,862$19,415$13,835$9,744$3,844
29 years$34,912$25,341$18,067$12,687$8,799$3,331
30 years$33,383$23,932$16,829$11,643$7,950$2,887
31 years$31,956$22,624$15,689$10,693$7,188$2,503
32 years$30,621$21,407$14,638$9,827$6,502$2,171
33 years$29,370$20,273$13,668$9,037$5,884$1,884
34 years$28,195$19,214$12,770$8,315$5,327$1,635
35 years$27,089$18,224$11,939$7,654$4,825$1,419
36 years$26,047$17,297$11,169$7,049$4,372$1,231
37 years$25,064$16,428$10,454$6,495$3,962$1,069
38 years$24,134$15,613$9,790$5,987$3,592$928
39 years$23,255$14,846$9,172$5,520$3,258$806
40 years$22,421$14,125$8,597$5,091$2,955$700
41 years$21,631$13,446$8,061$4,698$2,681$608
42 years$20,880$12,805$7,562$4,335$2,432$528
43 years$20,165$12,201$7,096$4,002$2,208$458
44 years$19,486$11,630$6,660$3,695$2,004$398
45 years$18,838$11,090$6,254$3,413$1,819$346
46 years$18,220$10,580$5,874$3,152$1,652$300
47 years$17,630$10,096$5,518$2,912$1,500$261
48 years$17,067$9,638$5,186$2,691$1,362$227
49 years$16,528$9,204$4,874$2,487$1,237$197
50 years$16,012$8,792$4,582$2,299$1,124$171

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 $5,995 every year, while hoping to spend $57,739 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: 40/31/29 Blend
44$16,400,000$16,400,000$16,400,000$16,400,000
45$18,078,984$17,209,784$16,955,584$18,647,102
46$19,861,606$17,991,629$17,462,162$19,843,402
47$21,824,121$18,809,850$17,983,775$21,131,019
48$23,984,816$19,666,168$18,520,867$22,523,025
49$26,363,844$20,562,386$19,073,892$24,029,026
50$28,983,408$21,500,395$19,643,319$25,659,566
51$31,867,976$22,482,175$20,229,632$27,426,220
52$35,044,511$23,509,803$20,833,326$29,341,696
53$38,542,722$24,585,454$21,454,913$31,419,950
54$42,395,346$25,711,408$22,094,918$33,676,313
55$46,638,457$26,890,053$22,753,884$36,127,625
56$51,311,808$28,123,893$23,432,367$38,792,390
57$56,459,201$29,415,553$24,130,940$41,690,942
58$62,128,906$30,767,782$24,850,194$44,845,629
59$68,374,114$32,183,462$25,590,734$48,281,018
60$75,253,437$33,665,615$26,353,187$52,024,113
61$82,831,463$35,217,406$27,138,195$56,104,609
62$91,179,367$36,842,153$27,946,419$60,555,156
63$100,375,578$38,543,335$28,778,540$65,411,661
64$110,506,525$40,324,595$29,635,258$70,713,617
65$121,667,445$42,189,756$30,517,294$76,504,464
66$133,963,291$44,142,821$31,425,390$82,831,989
67$147,509,716$46,187,987$32,360,309$89,748,767
68$162,434,163$48,329,655$33,322,837$97,312,640
69$178,877,076$50,572,437$34,313,780$105,587,258
70$196,993,217$52,921,165$35,333,970$114,642,662
71$216,953,130$55,380,907$36,384,264$124,555,931
72$238,944,753$57,956,975$37,465,540$135,411,901
73$263,175,187$60,654,936$38,578,704$147,303,943
74$289,872,654$63,480,626$39,724,689$160,334,835
75$319,288,652$66,440,164$40,904,453$174,617,715
76$351,700,324$69,539,961$42,118,982$190,277,128
77$387,413,080$72,786,742$43,369,291$207,450,191
78$426,763,475$76,187,554$44,656,424$226,287,861
79$470,122,391$79,749,785$45,981,455$246,956,347
80$517,898,530$83,481,180$47,345,489$269,638,657
81$570,542,281$87,389,859$48,749,664$294,536,303
82$628,549,965$91,484,333$50,195,148$321,871,182
83$692,468,522$95,773,526$51,683,146$351,887,648
84$762,900,675$100,266,793$53,214,896$384,854,796
85$840,510,620$104,973,941$54,791,670$421,068,973
86$926,030,292$109,905,253$56,414,780$460,856,554
87$1,020,266,280$115,071,509$58,085,574$504,576,994
88$1,124,107,436$120,484,009$59,805,437$552,626,189
89$1,238,533,272$126,154,603$61,575,796$605,440,189
90$1,364,623,200$132,095,712$63,398,119$663,499,278
91$1,503,566,725$138,320,361$65,273,915$727,332,480
92$1,656,674,677$144,842,205$67,204,737$797,522,513
93$1,825,391,581$151,675,560$69,192,182$874,711,259
94$2,011,309,295$158,835,435$71,237,894$959,605,784
95$2,216,182,041$166,337,569$73,343,561$1,052,984,974
96$2,441,942,963$174,198,463$75,510,923$1,155,706,844
97$2,690,722,374$182,435,417$77,741,768$1,268,716,600
98$2,964,867,873$191,066,570$80,037,935$1,393,055,515
99$3,266,966,506$200,110,942$82,401,316$1,529,870,710
100$3,599,869,186$209,588,474$84,833,856$1,680,425,937