Can I retire at age 45 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,299,897
2 years$686,796$674,005$661,609$649,590$637,931$598,204
3 years$453,316$440,470$428,105$416,198$404,730$366,279
4 years$336,599$323,792$311,551$299,847$288,657$251,777
5 years$266,587$253,857$241,776$230,312$219,432$184,224
6 years$219,927$207,293$195,391$184,182$173,629$140,124
7 years$186,612$174,085$162,371$151,426$141,207$109,404
8 years$161,637$149,223$137,703$127,028$117,145$87,024
9 years$142,223$129,925$118,604$108,199$98,653$70,184
10 years$126,700$114,523$103,402$93,269$84,057$57,200
11 years$114,008$101,953$91,033$81,172$72,292$47,001
12 years$103,439$91,507$80,790$71,199$62,647$38,871
13 years$94,503$82,696$72,180$62,858$54,629$32,314
14 years$86,849$75,168$64,854$55,798$47,888$26,976
15 years$80,223$68,668$58,555$49,762$42,164$22,598
16 years$74,430$63,001$53,088$44,557$37,265$18,984
17 years$69,325$58,022$48,308$40,034$33,041$15,985
18 years$64,791$53,615$44,099$36,078$29,379$13,486
19 years$60,740$49,690$40,371$32,600$26,186$11,396
20 years$57,098$46,174$37,050$29,526$23,390$9,643
21 years$53,807$43,009$34,079$26,796$20,931$8,169
22 years$50,820$40,148$31,409$24,364$18,762$6,927
23 years$48,096$37,549$29,001$22,189$16,842$5,879
24 years$45,603$35,181$26,821$20,237$15,138$4,993
25 years$43,313$33,016$24,841$18,482$13,622$4,242
26 years$41,203$31,029$23,039$16,899$12,270$3,607
27 years$39,252$29,202$21,394$15,468$11,062$3,068
28 years$37,444$27,517$19,888$14,172$9,982$2,610
29 years$35,763$25,959$18,508$12,996$9,013$2,221
30 years$34,198$24,516$17,239$11,927$8,144$1,891
31 years$32,736$23,176$16,072$10,954$7,363$1,610
32 years$31,368$21,929$14,995$10,067$6,660$1,371
33 years$30,086$20,767$14,001$9,258$6,028$1,168
34 years$28,882$19,682$13,082$8,518$5,457$995
35 years$27,750$18,668$12,231$7,841$4,943$848
36 years$26,682$17,719$11,441$7,221$4,479$722
37 years$25,675$16,829$10,709$6,654$4,059$615
38 years$24,723$15,994$10,028$6,133$3,680$524
39 years$23,822$15,208$9,396$5,655$3,337$447
40 years$22,968$14,469$8,807$5,216$3,027$381
41 years$22,158$13,774$8,258$4,812$2,746$325
42 years$21,389$13,117$7,746$4,441$2,492$277
43 years$20,657$12,498$7,269$4,100$2,261$236
44 years$19,961$11,913$6,823$3,785$2,053$201
45 years$19,297$11,361$6,406$3,496$1,863$171
46 years$18,664$10,838$6,017$3,229$1,692$146
47 years$18,060$10,342$5,653$2,983$1,536$125
48 years$17,483$9,873$5,312$2,757$1,395$106
49 years$16,931$9,428$4,993$2,548$1,267$90
50 years$16,403$9,006$4,694$2,355$1,151$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,800,000, adding $6,161 every year, while hoping to spend $30,476 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: 46/48/6 Blend
44$16,800,000$16,800,000$16,800,000$16,800,000
45$18,519,955$17,629,555$17,369,155$19,341,570
46$20,376,564$18,460,977$17,918,596$20,738,241
47$22,421,526$19,332,117$18,485,421$22,248,732
48$24,674,021$20,244,890$19,070,181$23,886,503
49$27,155,183$21,201,301$19,673,444$25,663,313
50$29,888,302$22,203,456$20,295,796$27,592,064
51$32,899,044$23,253,560$20,937,839$29,686,914
52$36,215,688$24,353,926$21,600,199$31,963,404
53$39,869,400$25,506,980$22,283,517$34,438,590
54$43,894,521$26,715,265$22,988,457$37,131,206
55$48,328,895$27,981,446$23,715,704$40,061,818
56$53,214,226$29,308,320$24,465,963$43,253,018
57$58,596,467$30,698,818$25,239,963$46,729,624
58$64,526,260$32,156,013$26,038,455$50,518,901
59$71,059,410$33,683,129$26,862,215$54,650,807
60$78,257,413$35,283,546$27,712,042$59,158,269
61$86,188,035$36,960,806$28,588,762$64,077,473
62$94,925,954$38,718,625$29,493,225$69,448,200
63$104,553,463$40,560,899$30,426,310$75,314,181
64$115,161,248$42,491,715$31,388,922$81,723,501
65$126,849,242$44,515,355$32,381,998$88,729,032
66$139,727,569$46,636,312$33,406,500$96,388,921
67$153,917,587$48,859,297$34,463,423$104,767,119
68$169,553,028$51,189,250$35,553,794$113,933,970
69$186,781,262$53,631,349$36,678,672$123,966,853
70$205,764,692$56,191,026$37,839,149$134,950,894
71$226,682,282$58,873,977$39,036,352$146,979,753
72$249,731,248$61,686,176$40,271,443$160,156,481
73$275,128,921$64,633,884$41,545,622$174,594,477
74$303,114,796$67,723,670$42,860,126$190,418,530
75$333,952,797$70,962,421$44,216,231$207,765,974
76$367,933,763$74,357,361$45,615,256$226,787,960
77$405,378,198$77,916,062$47,058,558$247,650,857
78$446,639,294$81,646,468$48,547,539$270,537,791
79$492,106,265$85,556,909$50,083,645$295,650,347
80$542,208,026$89,656,119$51,668,369$323,210,441
81$597,417,234$93,953,258$53,303,248$353,462,379
82$658,254,757$98,457,933$54,989,872$386,675,137
83$725,294,587$103,180,217$56,729,878$423,144,856
84$799,169,262$108,130,675$58,524,957$463,197,607
85$880,575,836$113,320,386$60,376,851$507,192,427
86$970,282,455$118,760,970$62,287,360$555,524,668
87$1,069,135,619$124,464,610$64,258,339$608,629,687
88$1,178,068,162$130,444,086$66,291,704$666,986,910
89$1,298,108,066$136,712,799$68,389,428$731,124,313
90$1,430,388,165$143,284,802$70,553,550$801,623,354
91$1,576,156,837$150,174,836$72,786,173$879,124,413
92$1,736,789,788$157,398,357$75,089,463$964,332,782
93$1,913,803,047$164,971,576$77,465,661$1,058,025,266
94$2,108,867,270$172,911,496$79,917,073$1,161,057,461
95$2,323,823,517$181,235,945$82,446,081$1,274,371,760
96$2,560,700,634$189,963,624$85,055,142$1,399,006,195
97$2,821,734,400$199,114,143$87,746,791$1,536,104,159
98$3,109,388,643$208,708,070$90,523,642$1,686,925,135
99$3,426,378,494$218,766,976$93,388,394$1,852,856,505
100$3,775,696,026$229,313,483$96,343,830$2,035,426,574