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%19.9%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,508,578
2 years$805,350$790,351$775,815$761,721$748,050$686,029
3 years$531,567$516,503$502,004$488,042$474,594$414,832
4 years$394,702$379,685$365,330$351,607$338,484$281,436
5 years$312,605$297,677$283,511$270,068$257,310$203,121
6 years$257,891$243,076$229,119$215,975$203,601$152,305
7 years$218,825$204,135$190,399$177,565$165,582$117,162
8 years$189,539$174,981$161,474$148,955$137,366$91,772
9 years$166,773$152,353$139,077$126,877$115,682$72,844
10 years$148,571$134,291$121,251$109,369$98,567$58,402
11 years$133,688$119,552$106,747$95,184$84,771$47,186
12 years$121,294$107,303$94,735$83,489$73,461$38,354
13 years$110,815$96,971$84,640$73,708$64,059$31,324
14 years$101,841$88,144$76,049$65,430$56,154$25,680
15 years$94,071$80,521$68,662$58,352$49,442$21,118
16 years$87,278$73,876$62,253$52,248$43,697$17,410
17 years$81,291$68,037$56,647$46,944$38,745$14,382
18 years$75,975$62,870$51,712$42,306$34,450$11,900
19 years$71,225$58,267$47,339$38,227$30,706$9,860
20 years$66,954$54,144$43,446$34,622$27,427$8,179
21 years$63,095$50,433$39,962$31,422$24,544$6,791
22 years$59,592$47,078$36,831$28,570$22,001$5,643
23 years$56,398$44,031$34,007$26,019$19,749$4,692
24 years$53,475$41,254$31,451$23,731$17,751$3,903
25 years$50,790$38,715$29,130$21,672$15,973$3,248
26 years$48,315$36,386$27,016$19,816$14,388$2,704
27 years$46,027$34,243$25,087$18,138$12,972$2,252
28 years$43,907$32,267$23,322$16,618$11,705$1,876
29 years$41,936$30,440$21,703$15,239$10,569$1,563
30 years$40,101$28,748$20,215$13,986$9,550$1,302
31 years$38,387$27,176$18,846$12,845$8,634$1,085
32 years$36,783$25,714$17,584$11,805$7,810$905
33 years$35,280$24,352$16,418$10,856$7,068$754
34 years$33,868$23,080$15,340$9,988$6,399$629
35 years$32,540$21,891$14,342$9,195$5,796$524
36 years$31,288$20,778$13,416$8,468$5,252$437
37 years$30,107$19,734$12,558$7,802$4,760$364
38 years$28,991$18,754$11,760$7,191$4,315$304
39 years$27,934$17,834$11,017$6,631$3,913$253
40 years$26,933$16,967$10,327$6,116$3,549$211
41 years$25,983$16,151$9,683$5,643$3,220$176
42 years$25,081$15,382$9,083$5,208$2,922$147
43 years$24,223$14,656$8,523$4,807$2,652$123
44 years$23,406$13,970$8,001$4,439$2,407$102
45 years$22,628$13,322$7,512$4,099$2,185$85
46 years$21,886$12,708$7,056$3,787$1,984$71
47 years$21,178$12,128$6,629$3,498$1,802$59
48 years$20,501$11,577$6,229$3,233$1,636$49
49 years$19,854$11,056$5,855$2,987$1,486$41
50 years$19,234$10,561$5,505$2,761$1,350$34

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 $4,619 every year, while hoping to spend $34,129 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: 54/16/30 Blend
44$19,700,000$19,700,000$19,700,000$19,700,000
45$21,714,164$20,670,064$20,364,714$22,704,661
46$23,892,696$21,646,585$21,010,619$24,368,221
47$26,292,294$22,669,810$21,677,018$26,174,612
48$28,935,472$23,741,994$22,364,562$28,140,729
49$31,847,036$24,865,498$23,073,921$30,281,937
50$35,054,325$26,042,799$23,805,788$32,615,135
51$38,587,462$27,276,492$24,560,878$35,158,907
52$42,479,643$28,569,300$25,339,927$37,933,693
53$46,767,449$29,924,078$26,143,697$40,961,976
54$51,491,190$31,343,819$26,972,972$44,268,490
55$56,695,286$32,831,661$27,828,562$47,880,445
56$62,428,688$34,390,895$28,711,302$51,827,784
57$68,745,338$36,024,973$29,622,053$56,143,452
58$75,704,676$37,737,510$30,561,706$60,863,704
59$83,372,208$39,532,303$31,531,178$66,028,443
60$91,820,116$41,413,329$32,531,416$71,681,584
61$101,127,945$43,384,759$33,563,395$77,871,465
62$111,383,351$45,450,968$34,628,124$84,651,297
63$122,682,929$47,616,542$35,726,643$92,079,653
64$135,133,127$49,886,291$36,860,025$100,221,018
65$148,851,246$52,265,259$38,029,375$109,146,385
66$163,966,551$54,758,735$39,235,837$118,933,919
67$180,621,490$57,372,264$40,480,589$129,669,686
68$198,973,038$60,111,662$41,764,845$141,448,450
69$219,194,182$62,983,027$43,089,861$154,374,564
70$241,475,548$65,992,755$44,456,931$168,562,943
71$266,027,206$69,147,551$45,867,390$184,140,132
72$293,080,649$72,454,449$47,322,615$201,245,499
73$322,890,981$75,920,823$48,824,029$220,032,528
74$355,739,324$79,554,407$50,373,097$240,670,262
75$391,935,472$83,363,310$51,971,333$263,344,884
76$431,820,816$87,356,038$53,620,299$288,261,461
77$475,771,565$91,541,509$55,321,604$315,645,863
78$524,202,298$95,929,076$57,076,911$345,746,884
79$577,569,880$100,528,548$58,887,935$378,838,574
80$636,377,772$105,350,212$60,756,445$415,222,806
81$701,180,786$110,404,853$62,684,267$455,232,115
82$772,590,320$115,703,785$64,673,284$499,232,815
83$851,280,133$121,258,871$66,725,440$547,628,441
84$937,992,704$127,082,553$68,842,739$600,863,536
85$1,033,546,239$133,187,878$71,027,251$659,427,831
86$1,138,842,402$139,588,530$73,281,110$723,860,845
87$1,254,874,817$146,298,859$75,606,518$794,756,958
88$1,382,738,460$153,333,914$78,005,747$872,770,997
89$1,523,639,986$160,709,479$80,481,143$958,624,395
90$1,678,909,127$168,442,106$83,035,124$1,053,111,979
91$1,850,011,244$176,549,155$85,670,186$1,157,109,441
92$2,038,561,158$185,048,830$88,388,904$1,271,581,585
93$2,246,338,399$193,960,226$91,193,936$1,397,591,402
94$2,475,304,005$203,303,366$94,088,022$1,536,310,077
95$2,727,619,034$213,099,252$97,073,991$1,689,028,015
96$3,005,664,967$223,369,907$100,154,762$1,857,166,991
97$3,312,066,193$234,138,432$103,333,345$2,042,293,535
98$3,649,714,781$245,429,051$106,612,849$2,246,133,690
99$4,021,797,787$257,267,173$109,996,477$2,470,589,268
100$4,431,827,340$269,679,443$113,487,538$2,717,755,766