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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,305,152
2 years$686,796$674,005$661,609$649,590$637,931$603,399
3 years$453,316$440,470$428,105$416,198$404,730$371,249
4 years$336,599$323,792$311,551$299,847$288,657$256,485
5 years$266,587$253,857$241,776$230,312$219,432$188,659
6 years$219,927$207,293$195,391$184,182$173,629$144,284
7 years$186,612$174,085$162,371$151,426$141,207$113,293
8 years$161,637$149,223$137,703$127,028$117,145$90,649
9 years$142,223$129,925$118,604$108,199$98,653$73,551
10 years$126,700$114,523$103,402$93,269$84,057$60,320
11 years$114,008$101,953$91,033$81,172$72,292$49,883
12 years$103,439$91,507$80,790$71,199$62,647$41,527
13 years$94,503$82,696$72,180$62,858$54,629$34,756
14 years$86,849$75,168$64,854$55,798$47,888$29,216
15 years$80,223$68,668$58,555$49,762$42,164$24,647
16 years$74,430$63,001$53,088$44,557$37,265$20,854
17 years$69,325$58,022$48,308$40,034$33,041$17,688
18 years$64,791$53,615$44,099$36,078$29,379$15,034
19 years$60,740$49,690$40,371$32,600$26,186$12,800
20 years$57,098$46,174$37,050$29,526$23,390$10,914
21 years$53,807$43,009$34,079$26,796$20,931$9,317
22 years$50,820$40,148$31,409$24,364$18,762$7,963
23 years$48,096$37,549$29,001$22,189$16,842$6,811
24 years$45,603$35,181$26,821$20,237$15,138$5,830
25 years$43,313$33,016$24,841$18,482$13,622$4,994
26 years$41,203$31,029$23,039$16,899$12,270$4,280
27 years$39,252$29,202$21,394$15,468$11,062$3,670
28 years$37,444$27,517$19,888$14,172$9,982$3,148
29 years$35,763$25,959$18,508$12,996$9,013$2,701
30 years$34,198$24,516$17,239$11,927$8,144$2,318
31 years$32,736$23,176$16,072$10,954$7,363$1,990
32 years$31,368$21,929$14,995$10,067$6,660$1,709
33 years$30,086$20,767$14,001$9,258$6,028$1,468
34 years$28,882$19,682$13,082$8,518$5,457$1,261
35 years$27,750$18,668$12,231$7,841$4,943$1,083
36 years$26,682$17,719$11,441$7,221$4,479$931
37 years$25,675$16,829$10,709$6,654$4,059$800
38 years$24,723$15,994$10,028$6,133$3,680$687
39 years$23,822$15,208$9,396$5,655$3,337$591
40 years$22,968$14,469$8,807$5,216$3,027$508
41 years$22,158$13,774$8,258$4,812$2,746$436
42 years$21,389$13,117$7,746$4,441$2,492$375
43 years$20,657$12,498$7,269$4,100$2,261$323
44 years$19,961$11,913$6,823$3,785$2,053$277
45 years$19,297$11,361$6,406$3,496$1,863$238
46 years$18,664$10,838$6,017$3,229$1,692$205
47 years$18,060$10,342$5,653$2,983$1,536$176
48 years$17,483$9,873$5,312$2,757$1,395$151
49 years$16,931$9,428$4,993$2,548$1,267$130
50 years$16,403$9,006$4,694$2,355$1,151$112

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 $6,396 every year, while hoping to spend $29,591 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: 65/9/26 Blend
44$16,800,000$16,800,000$16,800,000$16,800,000
45$18,520,197$17,629,797$17,369,397$19,597,253
46$20,377,773$18,462,173$17,919,788$21,157,339
47$22,423,830$19,334,343$18,487,624$22,857,933
48$24,677,561$20,248,227$19,073,460$24,716,062
49$27,160,117$21,205,835$19,677,867$26,747,219
50$29,894,806$22,209,278$20,301,432$28,968,456
51$32,907,311$23,260,767$20,944,764$31,398,543
52$36,225,932$24,362,620$21,608,490$34,058,140
53$39,881,859$25,517,270$22,293,256$36,969,989
54$43,909,458$26,727,266$22,999,729$40,159,128
55$48,346,601$27,995,280$23,728,598$43,653,122
56$53,235,021$29,324,116$24,480,573$47,482,320
57$58,620,708$30,716,712$25,256,387$51,680,139
58$64,554,340$32,176,151$26,056,796$56,283,373
59$71,091,763$33,705,663$26,882,579$61,332,542
60$78,294,520$35,308,637$27,734,542$66,872,262
61$86,230,426$36,988,625$28,613,515$72,951,670
62$94,974,216$38,749,354$29,520,354$79,624,879
63$104,608,243$40,594,730$30,455,943$86,951,486
64$115,223,261$42,528,849$31,421,194$94,997,129
65$126,919,277$44,556,006$32,417,048$103,834,103
66$139,806,500$46,680,706$33,444,475$113,542,036
67$154,006,374$48,907,673$34,504,477$124,208,633
68$169,652,734$51,241,858$35,598,086$135,930,506
69$186,893,060$53,688,457$36,726,370$148,814,072
70$205,889,876$56,252,915$37,890,426$162,976,556
71$226,822,279$58,940,943$39,091,391$178,547,090
72$249,887,634$61,758,532$40,330,435$195,667,927
73$275,303,434$64,711,961$41,608,766$214,495,774
74$303,309,354$67,807,817$42,927,629$235,203,268
75$334,169,514$71,053,006$44,288,311$257,980,596
76$368,174,973$74,454,771$45,692,138$283,037,282
77$405,646,474$78,020,709$47,140,478$310,604,162
78$446,937,474$81,758,783$48,634,744$340,935,547
79$492,437,480$85,677,348$50,176,392$374,311,622
80$542,575,727$89,785,162$51,766,925$411,041,079
81$597,825,229$94,091,413$53,407,895$451,464,021
82$658,707,243$98,605,733$55,100,900$495,955,165
83$725,796,194$103,338,225$56,847,592$544,927,369
84$799,725,093$108,299,486$58,649,674$598,835,518
85$881,191,517$113,500,625$60,508,903$658,180,806
86$970,964,192$118,953,296$62,427,091$723,515,461
87$1,069,890,251$124,669,719$64,406,110$795,447,938
88$1,178,903,230$130,662,709$66,447,888$874,648,661
89$1,299,031,885$136,945,707$68,554,418$961,856,330
90$1,431,409,900$143,532,809$70,727,753$1,057,884,886
91$1,577,286,589$150,438,797$72,970,013$1,163,631,179
92$1,738,038,697$157,679,174$75,283,384$1,280,083,422
93$1,915,183,390$165,270,199$77,670,123$1,408,330,502
94$2,110,392,581$173,228,923$80,132,557$1,549,572,248
95$2,325,508,714$181,573,231$82,673,088$1,705,130,735
96$2,562,562,160$190,321,876$85,294,194$1,876,462,755
97$2,823,790,381$199,494,529$87,998,430$2,065,173,547
98$3,111,659,058$209,111,819$90,788,435$2,273,031,934
99$3,428,885,364$219,195,380$93,666,931$2,501,987,002
100$3,778,463,622$229,767,905$96,636,723$2,754,186,481