Can I retire at age 45 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$388,122$384,664$381,291$377,999$374,785$368,879
2 years$192,139$188,561$185,093$181,730$178,469$172,535
3 years$126,821$123,227$119,767$116,436$113,228$107,450
4 years$94,168$90,585$87,160$83,886$80,755$75,177
5 years$74,581$71,019$67,640$64,432$61,389$56,027
6 years$61,527$57,993$54,663$51,527$48,575$43,436
7 years$52,207$48,702$45,425$42,363$39,504$34,589
8 years$45,220$41,747$38,524$35,538$32,773$28,081
9 years$39,788$36,348$33,181$30,270$27,599$23,129
10 years$35,446$32,039$28,928$26,093$23,516$19,263
11 years$31,895$28,522$25,468$22,709$20,225$16,184
12 years$28,938$25,600$22,602$19,919$17,526$13,694
13 years$26,438$23,135$20,193$17,585$15,283$11,653
14 years$24,297$21,029$18,144$15,610$13,397$9,963
15 years$22,443$19,211$16,381$13,922$11,796$8,552
16 years$20,823$17,625$14,852$12,465$10,425$7,365
17 years$19,394$16,232$13,515$11,200$9,244$6,360
18 years$18,126$14,999$12,337$10,093$8,219$5,506
19 years$16,993$13,901$11,294$9,120$7,326$4,775
20 years$15,974$12,918$10,365$8,260$6,544$4,149
21 years$15,053$12,032$9,534$7,497$5,856$3,610
22 years$14,217$11,232$8,787$6,816$5,249$3,145
23 years$13,455$10,505$8,113$6,208$4,712$2,743
24 years$12,758$9,842$7,503$5,662$4,235$2,395
25 years$12,117$9,237$6,950$5,171$3,811$2,093
26 years$11,527$8,681$6,445$4,728$3,433$1,830
27 years$10,981$8,170$5,985$4,327$3,095$1,601
28 years$10,475$7,698$5,564$3,965$2,793$1,401
29 years$10,005$7,262$5,178$3,636$2,522$1,227
30 years$9,567$6,859$4,823$3,337$2,278$1,075
31 years$9,158$6,484$4,496$3,065$2,060$943
32 years$8,776$6,135$4,195$2,816$1,863$826
33 years$8,417$5,810$3,917$2,590$1,686$725
34 years$8,080$5,506$3,660$2,383$1,527$636
35 years$7,763$5,223$3,422$2,194$1,383$558
36 years$7,465$4,957$3,201$2,020$1,253$490
37 years$7,183$4,708$2,996$1,861$1,136$430
38 years$6,917$4,474$2,806$1,716$1,030$377
39 years$6,664$4,255$2,629$1,582$934$331
40 years$6,426$4,048$2,464$1,459$847$291
41 years$6,199$3,853$2,310$1,346$768$255
42 years$5,984$3,670$2,167$1,242$697$224
43 years$5,779$3,497$2,033$1,147$633$197
44 years$5,584$3,333$1,909$1,059$574$173
45 years$5,399$3,178$1,792$978$521$152
46 years$5,222$3,032$1,683$903$473$133
47 years$5,053$2,893$1,581$835$430$117
48 years$4,891$2,762$1,486$771$390$103
49 years$4,737$2,638$1,397$713$355$90
50 years$4,589$2,520$1,313$659$322$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $4,700,000, adding $2,883 every year, while hoping to spend $36,237 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: 61/27/12 Blend
44$4,700,000$4,700,000$4,700,000$4,700,000
45$5,182,374$4,933,274$4,860,424$5,483,500
46$5,672,420$5,136,448$4,984,692$5,889,176
47$6,211,237$5,348,364$5,111,909$6,327,274
48$6,803,759$5,569,411$5,242,135$6,804,437
49$7,455,428$5,799,996$5,375,431$7,324,444
50$8,172,233$6,040,548$5,511,859$7,891,452
51$8,960,777$6,291,511$5,651,483$8,510,033
52$9,828,335$6,553,354$5,794,367$9,185,218
53$10,782,921$6,826,564$5,940,574$9,922,540
54$11,833,365$7,111,652$6,090,169$10,728,088
55$12,989,399$7,409,153$6,243,220$11,608,563
56$14,261,742$7,719,626$6,399,793$12,571,338
57$15,662,208$8,043,656$6,559,954$13,624,530
58$17,203,814$8,381,856$6,723,773$14,777,068
59$18,900,901$8,734,865$6,891,317$16,038,786
60$20,769,273$9,103,353$7,062,657$17,420,504
61$22,826,344$9,488,023$7,237,861$18,934,136
62$25,091,303$9,889,608$7,417,001$20,592,798
63$27,585,293$10,308,876$7,600,147$22,410,930
64$30,331,611$10,746,630$7,787,371$24,404,428
65$33,355,932$11,203,711$7,978,745$26,590,799
66$36,686,545$11,681,000$8,174,340$28,989,318
67$40,354,621$12,179,418$8,374,229$31,621,209
68$44,394,512$12,699,929$8,578,486$34,509,846
69$48,844,069$13,243,542$8,787,181$37,680,968
70$53,745,002$13,811,314$9,000,390$41,162,922
71$59,143,274$14,404,350$9,218,185$44,986,928
72$65,089,532$15,023,807$9,440,638$49,187,369
73$71,639,588$15,670,898$9,667,824$53,802,115
74$78,854,945$16,346,890$9,899,814$58,872,877
75$86,803,373$17,053,112$10,136,682$64,445,599
76$95,559,556$17,790,953$10,378,499$70,570,886
77$105,205,789$18,561,868$10,625,338$77,304,482
78$115,832,762$19,367,382$10,877,269$84,707,788
79$127,540,410$20,209,090$11,134,364$92,848,446
80$140,438,858$21,088,662$11,396,691$101,800,964
81$154,649,462$22,007,846$11,664,321$111,647,425
82$170,305,951$22,968,475$11,937,319$122,478,252
83$187,555,692$23,972,465$12,215,754$134,393,059
84$206,561,082$25,021,824$12,499,690$147,501,590
85$227,501,074$26,118,655$12,789,192$161,924,745
86$250,572,874$27,265,160$13,084,321$177,795,720
87$275,993,799$28,463,645$13,385,137$195,261,262
88$304,003,327$29,716,523$13,691,699$214,483,044
89$334,865,358$31,026,325$14,004,063$235,639,188
90$368,870,708$32,395,698$14,322,283$258,925,944
91$406,339,850$33,827,417$14,646,409$284,559,532
92$447,625,940$35,324,387$14,976,490$312,778,181
93$493,118,154$36,889,649$15,312,570$343,844,369
94$543,245,356$38,526,393$15,654,691$378,047,296
95$598,480,151$40,237,955$16,002,892$415,705,607
96$659,343,344$42,027,832$16,357,206$457,170,393
97$726,408,856$43,899,687$16,717,664$502,828,496
98$800,309,144$45,857,356$17,084,291$553,106,156
99$881,741,169$47,904,859$17,457,106$608,473,027
100$971,472,976$50,046,404$17,836,127$669,446,598