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

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,326,396
2 years$690,884$678,017$665,547$653,456$641,728$620,391
3 years$456,014$443,092$430,653$418,676$407,139$386,362
4 years$338,602$325,719$313,405$301,632$290,375$270,318
5 years$268,174$255,368$243,215$231,683$220,738$201,459
6 years$221,236$208,527$196,554$185,278$174,663$156,184
7 years$187,723$175,121$163,337$152,328$142,048$124,375
8 years$162,599$150,111$138,523$127,784$117,842$100,973
9 years$143,069$130,698$119,310$108,843$99,240$83,165
10 years$127,454$115,204$104,017$93,824$84,558$69,264
11 years$114,686$102,560$91,575$81,655$72,722$58,194
12 years$104,054$92,052$81,270$71,622$63,020$49,239
13 years$95,065$83,188$72,610$63,232$54,954$41,901
14 years$87,366$75,616$65,240$56,130$48,173$35,825
15 years$80,700$69,076$58,903$50,058$42,415$30,751
16 years$74,873$63,376$53,404$44,822$37,487$26,483
17 years$69,737$58,367$48,596$40,272$33,238$22,870
18 years$65,177$53,934$44,362$36,293$29,554$19,797
19 years$61,101$49,985$40,611$32,794$26,342$17,171
20 years$57,438$46,449$37,271$29,701$23,529$14,919
21 years$54,127$43,265$34,282$26,956$21,056$12,981
22 years$51,122$40,386$31,596$24,509$18,874$11,310
23 years$48,382$37,773$29,173$22,321$16,942$9,865
24 years$45,874$35,391$26,980$20,358$15,228$8,612
25 years$43,571$33,212$24,989$18,592$13,703$7,525
26 years$41,448$31,214$23,176$17,000$12,343$6,579
27 years$39,485$29,376$21,521$15,560$11,128$5,757
28 years$37,666$27,681$20,007$14,256$10,041$5,039
29 years$35,976$26,114$18,618$13,073$9,067$4,413
30 years$34,401$24,662$17,342$11,998$8,193$3,867
31 years$32,931$23,314$16,167$11,019$7,407$3,389
32 years$31,555$22,059$15,084$10,127$6,700$2,972
33 years$30,265$20,891$14,084$9,313$6,064$2,606
34 years$29,054$19,800$13,160$8,568$5,490$2,286
35 years$27,915$18,780$12,303$7,888$4,972$2,006
36 years$26,841$17,825$11,510$7,264$4,505$1,760
37 years$25,828$16,929$10,773$6,693$4,083$1,545
38 years$24,870$16,089$10,088$6,169$3,702$1,356
39 years$23,964$15,299$9,452$5,688$3,357$1,191
40 years$23,105$14,556$8,859$5,247$3,045$1,046
41 years$22,290$13,856$8,307$4,841$2,762$918
42 years$21,516$13,196$7,792$4,467$2,507$806
43 years$20,780$12,573$7,312$4,124$2,275$708
44 years$20,080$11,984$6,863$3,808$2,065$622
45 years$19,412$11,428$6,445$3,517$1,875$546
46 years$18,775$10,902$6,053$3,248$1,702$480
47 years$18,168$10,404$5,687$3,001$1,545$422
48 years$17,587$9,932$5,344$2,773$1,404$370
49 years$17,032$9,484$5,023$2,563$1,275$325
50 years$16,500$9,060$4,722$2,369$1,158$286

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 $4,706 every year, while hoping to spend $38,908 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: 31/45/24 Blend
44$16,900,000$16,900,000$16,900,000$16,900,000
45$18,628,654$17,732,954$17,471,004$19,067,970
46$20,487,379$18,560,471$18,014,885$20,231,336
47$22,534,390$19,427,232$18,575,682$21,478,971
48$24,788,851$20,335,120$19,153,920$22,821,217
49$27,271,879$21,286,106$19,750,142$24,266,355
50$30,006,745$22,282,260$20,364,906$25,823,449
51$33,019,091$23,325,749$20,998,789$27,502,424
52$36,337,174$24,418,846$21,652,384$29,314,156
53$39,992,130$25,563,934$22,326,303$31,270,557
54$44,018,272$26,763,511$23,021,179$33,384,685
55$48,453,409$28,020,196$23,737,661$35,670,854
56$53,339,206$29,336,735$24,476,422$38,144,761
57$58,721,576$30,716,006$25,238,153$40,823,620
58$64,651,114$32,161,027$26,023,568$43,726,319
59$71,183,572$33,674,962$26,833,403$46,873,578
60$78,380,390$35,261,129$27,668,415$50,288,142
61$86,309,270$36,923,004$28,529,387$53,994,974
62$95,044,819$38,664,235$29,417,125$58,021,483
63$104,669,252$40,488,645$30,332,461$62,397,767
64$115,273,169$42,400,241$31,276,251$67,156,879
65$126,956,405$44,403,226$32,249,379$72,335,131
66$139,828,981$46,502,007$33,252,756$77,972,413
67$154,012,136$48,701,204$34,287,321$84,112,556
68$169,639,470$51,005,659$35,354,043$90,803,728
69$186,858,213$53,420,454$36,453,921$98,098,872
70$205,830,607$55,950,912$37,587,983$106,056,180
71$226,735,439$58,602,617$38,757,291$114,739,631
72$249,769,733$61,381,424$39,962,939$124,219,567
73$275,150,604$64,293,472$41,206,056$134,573,335
74$303,117,312$67,345,198$42,487,805$145,886,000
75$333,933,516$70,543,351$43,809,384$158,251,116
76$367,889,767$73,895,008$45,172,031$171,771,589
77$405,306,249$77,407,590$46,577,020$186,560,619
78$446,535,802$81,088,877$48,025,666$202,742,743
79$491,967,251$84,947,029$49,519,323$220,454,980
80$542,029,080$88,990,602$51,059,389$239,848,092
81$597,193,471$93,228,567$52,647,304$261,087,980
82$657,980,770$97,670,331$54,284,553$284,357,213
83$724,964,390$102,325,759$55,972,667$309,856,718
84$798,776,231$107,205,195$57,713,225$337,807,638
85$880,112,642$112,319,485$59,507,854$368,453,385
86$969,740,996$117,680,005$61,358,232$402,061,894
87$1,068,506,934$123,298,681$63,266,088$438,928,113
88$1,177,342,346$129,188,021$65,233,208$479,376,741
89$1,297,274,173$135,361,142$67,261,428$523,765,249
90$1,429,434,099$141,831,798$69,352,645$572,487,207
91$1,575,069,232$148,614,411$71,508,814$625,975,945
92$1,735,553,884$155,724,107$73,731,949$684,708,595
93$1,912,402,539$163,176,748$76,024,129$749,210,539
94$2,107,284,155$170,988,966$78,387,495$820,060,309
95$2,322,037,918$179,178,204$80,824,254$897,894,990
96$2,558,690,604$187,762,754$83,336,685$983,416,168
97$2,819,475,716$196,761,799$85,927,134$1,077,396,492
98$3,106,854,567$206,195,456$88,598,022$1,180,686,891
99$3,423,539,519$216,084,820$91,351,842$1,294,224,540
100$3,772,519,589$226,452,015$94,191,168$1,419,041,628