Can I retire at age 45 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,324,759
2 years$690,884$678,017$665,547$653,456$641,728$618,757
3 years$456,014$443,092$430,653$418,676$407,139$384,782
4 years$338,602$325,719$313,405$301,632$290,375$268,805
5 years$268,174$255,368$243,215$231,683$220,738$200,017
6 years$221,236$208,527$196,554$185,278$174,663$154,814
7 years$187,723$175,121$163,337$152,328$142,048$123,077
8 years$162,599$150,111$138,523$127,784$117,842$99,746
9 years$143,069$130,698$119,310$108,843$99,240$82,008
10 years$127,454$115,204$104,017$93,824$84,558$68,175
11 years$114,686$102,560$91,575$81,655$72,722$57,172
12 years$104,054$92,052$81,270$71,622$63,020$48,281
13 years$95,065$83,188$72,610$63,232$54,954$41,005
14 years$87,366$75,616$65,240$56,130$48,173$34,988
15 years$80,700$69,076$58,903$50,058$42,415$29,971
16 years$74,873$63,376$53,404$44,822$37,487$25,756
17 years$69,737$58,367$48,596$40,272$33,238$22,195
18 years$65,177$53,934$44,362$36,293$29,554$19,171
19 years$61,101$49,985$40,611$32,794$26,342$16,592
20 years$57,438$46,449$37,271$29,701$23,529$14,383
21 years$54,127$43,265$34,282$26,956$21,056$12,487
22 years$51,122$40,386$31,596$24,509$18,874$10,854
23 years$48,382$37,773$29,173$22,321$16,942$9,445
24 years$45,874$35,391$26,980$20,358$15,228$8,227
25 years$43,571$33,212$24,989$18,592$13,703$7,171
26 years$41,448$31,214$23,176$17,000$12,343$6,255
27 years$39,485$29,376$21,521$15,560$11,128$5,460
28 years$37,666$27,681$20,007$14,256$10,041$4,768
29 years$35,976$26,114$18,618$13,073$9,067$4,165
30 years$34,401$24,662$17,342$11,998$8,193$3,641
31 years$32,931$23,314$16,167$11,019$7,407$3,183
32 years$31,555$22,059$15,084$10,127$6,700$2,784
33 years$30,265$20,891$14,084$9,313$6,064$2,435
34 years$29,054$19,800$13,160$8,568$5,490$2,131
35 years$27,915$18,780$12,303$7,888$4,972$1,865
36 years$26,841$17,825$11,510$7,264$4,505$1,632
37 years$25,828$16,929$10,773$6,693$4,083$1,429
38 years$24,870$16,089$10,088$6,169$3,702$1,251
39 years$23,964$15,299$9,452$5,688$3,357$1,096
40 years$23,105$14,556$8,859$5,247$3,045$960
41 years$22,290$13,856$8,307$4,841$2,762$841
42 years$21,516$13,196$7,792$4,467$2,507$736
43 years$20,780$12,573$7,312$4,124$2,275$645
44 years$20,080$11,984$6,863$3,808$2,065$565
45 years$19,412$11,428$6,445$3,517$1,875$495
46 years$18,775$10,902$6,053$3,248$1,702$434
47 years$18,168$10,404$5,687$3,001$1,545$380
48 years$17,587$9,932$5,344$2,773$1,404$333
49 years$17,032$9,484$5,023$2,563$1,275$292
50 years$16,500$9,060$4,722$2,369$1,158$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,900,000, adding $4,142 every year, while hoping to spend $27,449 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: 53/17/30 Blend
44$16,900,000$16,900,000$16,900,000$16,900,000
45$18,628,072$17,732,372$17,470,422$19,458,521
46$20,498,930$18,572,053$18,026,476$20,875,784
47$22,559,696$19,451,958$18,600,238$22,414,270
48$24,829,710$20,374,030$19,192,271$24,088,156
49$27,330,287$21,340,304$19,803,159$25,910,435
50$30,084,914$22,352,916$20,433,502$27,895,392
51$33,119,470$23,414,104$21,083,920$30,058,735
52$36,462,478$24,526,217$21,755,052$32,417,737
53$40,145,364$25,691,714$22,447,559$34,991,399
54$44,202,761$26,913,179$23,162,123$37,800,619
55$48,672,833$28,193,315$23,899,445$40,868,389
56$53,597,637$29,534,963$24,660,251$44,220,002
57$59,023,517$30,941,096$25,445,290$47,883,289
58$65,001,542$32,414,836$26,255,334$51,888,874
59$71,587,991$33,959,455$27,091,179$56,270,458
60$78,844,880$35,578,383$27,953,648$61,065,128
61$86,840,553$37,275,218$28,843,590$66,313,707
62$95,650,319$39,053,734$29,761,880$72,061,123
63$105,357,170$40,917,885$30,709,421$78,356,836
64$116,052,561$42,871,821$31,687,147$85,255,288
65$127,837,275$44,919,893$32,696,019$92,816,417
66$140,822,370$47,066,661$33,737,029$101,106,211
67$155,130,235$49,316,911$34,811,203$110,197,321
68$170,895,738$51,675,658$35,919,596$120,169,741
69$188,267,502$54,148,164$37,063,301$131,111,553
70$207,409,308$56,739,945$38,243,443$143,119,748
71$228,501,642$59,456,787$39,461,183$156,301,131
72$251,743,396$62,304,756$40,717,719$170,773,322
73$277,353,749$65,290,215$42,014,289$186,665,853
74$305,574,232$68,419,837$43,352,169$204,121,377
75$336,671,012$71,700,617$44,732,675$223,297,009
76$370,937,402$75,139,895$46,157,167$244,365,791
77$408,696,632$78,745,364$47,627,046$267,518,315
78$450,304,897$82,525,095$49,143,761$292,964,509
79$496,154,723$86,487,551$50,708,803$320,935,604
80$546,678,670$90,641,608$52,323,714$351,686,303
81$602,353,420$94,996,572$53,990,084$385,497,167
82$663,704,271$99,562,205$55,709,553$422,677,253
83$731,310,098$104,348,745$57,483,815$463,567,010
84$805,808,822$109,366,927$59,314,617$508,541,476
85$887,903,425$114,628,011$61,203,760$558,013,805
86$978,368,595$120,143,804$63,153,106$612,439,142
87$1,078,058,031$125,926,689$65,164,575$672,318,902
88$1,187,912,509$131,989,655$67,240,147$738,205,486
89$1,308,968,759$138,346,322$69,381,865$810,707,468
90$1,442,369,255$145,010,975$71,591,841$890,495,326
91$1,589,373,001$151,998,595$73,872,249$978,307,737
92$1,751,367,414$159,324,893$76,225,337$1,074,958,537
93$1,929,881,427$167,006,349$78,653,422$1,181,344,370
94$2,126,599,916$175,060,244$81,158,896$1,298,453,131
95$2,343,379,615$183,504,704$83,744,226$1,427,373,259
96$2,582,266,638$192,358,737$86,411,960$1,569,303,989
97$2,845,515,800$201,642,279$89,164,725$1,725,566,638
98$3,135,611,902$211,376,242$92,005,234$1,897,617,049
99$3,455,293,192$221,582,553$94,936,285$2,087,059,301
100$3,807,577,213$232,284,214$97,960,766$2,295,660,819