Can I retire at age 45 with 19,700,000?

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 $19,700,000?

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$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,524,284
2 years$805,350$790,351$775,815$761,721$748,050$701,465
3 years$531,567$516,503$502,004$488,042$474,594$429,505
4 years$394,702$379,685$365,330$351,607$338,484$295,238
5 years$312,605$297,677$283,511$270,068$257,310$216,024
6 years$257,891$243,076$229,119$215,975$203,601$164,312
7 years$218,825$204,135$190,399$177,565$165,582$128,289
8 years$189,539$174,981$161,474$148,955$137,366$102,046
9 years$166,773$152,353$139,077$126,877$115,682$82,299
10 years$148,571$134,291$121,251$109,369$98,567$67,074
11 years$133,688$119,552$106,747$95,184$84,771$55,114
12 years$121,294$107,303$94,735$83,489$73,461$45,580
13 years$110,815$96,971$84,640$73,708$64,059$37,892
14 years$101,841$88,144$76,049$65,430$56,154$31,633
15 years$94,071$80,521$68,662$58,352$49,442$26,499
16 years$87,278$73,876$62,253$52,248$43,697$22,261
17 years$81,291$68,037$56,647$46,944$38,745$18,744
18 years$75,975$62,870$51,712$42,306$34,450$15,814
19 years$71,225$58,267$47,339$38,227$30,706$13,363
20 years$66,954$54,144$43,446$34,622$27,427$11,308
21 years$63,095$50,433$39,962$31,422$24,544$9,580
22 years$59,592$47,078$36,831$28,570$22,001$8,123
23 years$56,398$44,031$34,007$26,019$19,749$6,894
24 years$53,475$41,254$31,451$23,731$17,751$5,855
25 years$50,790$38,715$29,130$21,672$15,973$4,975
26 years$48,315$36,386$27,016$19,816$14,388$4,229
27 years$46,027$34,243$25,087$18,138$12,972$3,597
28 years$43,907$32,267$23,322$16,618$11,705$3,060
29 years$41,936$30,440$21,703$15,239$10,569$2,605
30 years$40,101$28,748$20,215$13,986$9,550$2,217
31 years$38,387$27,176$18,846$12,845$8,634$1,888
32 years$36,783$25,714$17,584$11,805$7,810$1,608
33 years$35,280$24,352$16,418$10,856$7,068$1,369
34 years$33,868$23,080$15,340$9,988$6,399$1,167
35 years$32,540$21,891$14,342$9,195$5,796$994
36 years$31,288$20,778$13,416$8,468$5,252$847
37 years$30,107$19,734$12,558$7,802$4,760$722
38 years$28,991$18,754$11,760$7,191$4,315$615
39 years$27,934$17,834$11,017$6,631$3,913$524
40 years$26,933$16,967$10,327$6,116$3,549$447
41 years$25,983$16,151$9,683$5,643$3,220$381
42 years$25,081$15,382$9,083$5,208$2,922$324
43 years$24,223$14,656$8,523$4,807$2,652$277
44 years$23,406$13,970$8,001$4,439$2,407$236
45 years$22,628$13,322$7,512$4,099$2,185$201
46 years$21,886$12,708$7,056$3,787$1,984$171
47 years$21,178$12,128$6,629$3,498$1,802$146
48 years$20,501$11,577$6,229$3,233$1,636$124
49 years$19,854$11,056$5,855$2,987$1,486$106
50 years$19,234$10,561$5,505$2,761$1,350$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $19,700,000, adding $5,573 every year, while hoping to spend $46,183 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: 66/23/11 Blend
44$19,700,000$19,700,000$19,700,000$19,700,000
45$21,715,149$20,671,049$20,365,699$23,095,967
46$23,880,955$21,634,792$20,998,811$24,980,215
47$26,266,127$22,644,210$21,651,585$27,032,878
48$28,892,989$23,701,494$22,324,630$29,275,185
49$31,786,144$24,808,937$23,018,576$31,725,654
50$34,972,702$25,968,946$23,734,069$34,404,658
51$38,482,537$27,184,044$24,471,780$37,334,608
52$42,348,567$28,456,874$25,232,396$40,540,164
53$46,607,068$29,790,208$26,016,629$44,048,460
54$51,298,013$31,186,952$26,825,210$47,889,352
55$56,465,451$32,650,153$27,658,895$52,095,700
56$62,157,921$34,183,005$28,518,462$56,703,667
57$68,428,912$35,788,855$29,404,714$61,753,055
58$75,337,368$37,471,216$30,318,478$67,287,676
59$82,948,240$39,233,766$31,260,608$73,355,757
60$91,333,104$41,080,364$32,231,982$80,010,387
61$100,570,835$43,015,057$33,233,508$87,310,012
62$110,748,350$45,042,084$34,266,120$95,318,978
63$121,961,430$47,165,894$35,330,783$104,108,132
64$134,315,621$49,391,148$36,428,489$113,755,477
65$147,927,234$51,722,734$37,560,263$124,346,906
66$162,924,441$54,165,777$38,727,162$135,976,997
67$179,448,486$56,725,652$39,930,273$148,749,898
68$197,655,014$59,407,992$41,170,720$162,780,303
69$217,715,546$62,218,704$42,449,659$178,194,517
70$239,819,093$65,163,982$43,768,284$195,131,644
71$264,173,943$68,250,320$45,127,825$213,744,883
72$291,009,628$71,484,528$46,529,550$234,202,961
73$320,579,085$74,873,745$47,974,765$256,691,720
74$353,161,052$78,425,458$49,464,819$281,415,849
75$389,062,690$82,147,516$51,001,101$308,600,805
76$428,622,490$86,048,150$52,585,044$338,494,928
77$472,213,465$90,135,991$54,218,124$371,371,769
78$520,246,671$94,420,087$55,901,864$407,532,654
79$573,175,089$98,909,928$57,637,833$447,309,511
80$631,497,897$103,615,464$59,427,650$491,067,991
81$695,765,189$108,547,129$61,272,983$539,210,893
82$766,583,162$113,715,861$63,175,551$592,181,951
83$844,619,840$119,133,135$65,137,128$650,470,004
84$930,611,384$124,810,978$67,159,542$714,613,586
85$1,025,369,034$130,762,005$69,244,676$785,205,988
86$1,129,786,777$136,999,445$71,394,474$862,900,834
87$1,244,849,778$143,537,167$73,610,939$948,418,231
88$1,371,643,685$150,389,718$75,896,134$1,042,551,537
89$1,511,364,875$157,572,349$78,252,190$1,146,174,823
90$1,665,331,754$165,101,055$80,681,299$1,260,251,101
91$1,834,997,195$172,992,609$83,185,725$1,385,841,379
92$2,021,962,262$181,264,600$85,767,800$1,524,114,653
93$2,227,991,320$189,935,472$88,429,928$1,676,358,902
94$2,455,028,692$199,024,568$91,174,588$1,843,993,223
95$2,705,217,017$208,552,170$94,004,335$2,028,581,184
96$2,980,917,476$218,539,550$96,921,803$2,231,845,552
97$3,284,732,084$229,009,013$99,929,709$2,455,684,514
98$3,619,528,254$239,983,953$103,030,853$2,702,189,561
99$3,988,465,869$251,488,899$106,228,119$2,973,665,186
100$4,395,027,111$263,549,579$109,524,485$3,272,650,595