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%17.2%
1 years$388,122$384,664$381,291$377,999$374,785$363,808
2 years$192,139$188,561$185,093$181,730$178,469$167,499
3 years$126,821$123,227$119,767$116,436$113,228$102,609
4 years$94,168$90,585$87,160$83,886$80,755$70,568
5 years$74,581$71,019$67,640$64,432$61,389$51,661
6 years$61,527$57,993$54,663$51,527$48,575$39,316
7 years$52,207$48,702$45,425$42,363$39,504$30,714
8 years$45,220$41,747$38,524$35,538$32,773$24,446
9 years$39,788$36,348$33,181$30,270$27,599$19,727
10 years$35,446$32,039$28,928$26,093$23,516$16,088
11 years$31,895$28,522$25,468$22,709$20,225$13,228
12 years$28,938$25,600$22,602$19,919$17,526$10,947
13 years$26,438$23,135$20,193$17,585$15,283$9,106
14 years$24,297$21,029$18,144$15,610$13,397$7,608
15 years$22,443$19,211$16,381$13,922$11,796$6,377
16 years$20,823$17,625$14,852$12,465$10,425$5,361
17 years$19,394$16,232$13,515$11,200$9,244$4,518
18 years$18,126$14,999$12,337$10,093$8,219$3,814
19 years$16,993$13,901$11,294$9,120$7,326$3,226
20 years$15,974$12,918$10,365$8,260$6,544$2,732
21 years$15,053$12,032$9,534$7,497$5,856$2,316
22 years$14,217$11,232$8,787$6,816$5,249$1,965
23 years$13,455$10,505$8,113$6,208$4,712$1,669
24 years$12,758$9,842$7,503$5,662$4,235$1,419
25 years$12,117$9,237$6,950$5,171$3,811$1,206
26 years$11,527$8,681$6,445$4,728$3,433$1,026
27 years$10,981$8,170$5,985$4,327$3,095$874
28 years$10,475$7,698$5,564$3,965$2,793$744
29 years$10,005$7,262$5,178$3,636$2,522$634
30 years$9,567$6,859$4,823$3,337$2,278$540
31 years$9,158$6,484$4,496$3,065$2,060$460
32 years$8,776$6,135$4,195$2,816$1,863$392
33 years$8,417$5,810$3,917$2,590$1,686$334
34 years$8,080$5,506$3,660$2,383$1,527$285
35 years$7,763$5,223$3,422$2,194$1,383$243
36 years$7,465$4,957$3,201$2,020$1,253$207
37 years$7,183$4,708$2,996$1,861$1,136$177
38 years$6,917$4,474$2,806$1,716$1,030$151
39 years$6,664$4,255$2,629$1,582$934$129
40 years$6,426$4,048$2,464$1,459$847$110
41 years$6,199$3,853$2,310$1,346$768$94
42 years$5,984$3,670$2,167$1,242$697$80
43 years$5,779$3,497$2,033$1,147$633$68
44 years$5,584$3,333$1,909$1,059$574$58
45 years$5,399$3,178$1,792$978$521$50
46 years$5,222$3,032$1,683$903$473$42
47 years$5,053$2,893$1,581$835$430$36
48 years$4,891$2,762$1,486$771$390$31
49 years$4,737$2,638$1,397$713$355$26
50 years$4,589$2,520$1,313$659$322$22

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 $6,072 every year, while hoping to spend $36,629 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: 55/27/18 Blend
44$4,700,000$4,700,000$4,700,000$4,700,000
45$5,185,663$4,936,563$4,863,713$5,445,538
46$5,675,628$5,139,482$4,987,675$5,826,448
47$6,214,341$5,351,116$5,114,561$6,236,600
48$6,806,737$5,571,854$5,244,432$6,682,426
49$7,458,251$5,802,101$5,377,347$7,167,347
50$8,174,872$6,042,284$5,513,368$7,695,123
51$8,963,199$6,292,845$5,652,556$8,269,892
52$9,830,502$6,554,251$5,794,972$8,896,204
53$10,784,790$6,826,987$5,940,681$9,579,063
54$11,834,891$7,111,561$6,089,746$10,323,974
55$12,990,528$7,408,506$6,242,231$11,136,995
56$14,262,418$7,718,379$6,398,202$12,024,790
57$15,662,366$8,041,761$6,557,723$12,994,693
58$17,203,383$8,379,262$6,720,862$14,054,772
59$18,899,802$8,731,520$6,887,685$15,213,910
60$20,767,418$9,099,201$7,058,259$16,481,881
61$22,823,636$9,483,003$7,232,652$17,869,444
62$25,087,634$9,883,657$7,410,932$19,388,443
63$27,580,542$10,301,926$7,593,169$21,051,914
64$30,325,648$10,738,611$7,779,430$22,874,212
65$33,348,609$11,194,548$7,969,786$24,871,137
66$36,677,698$11,670,612$8,164,305$27,060,087
67$40,344,072$12,167,721$8,363,058$29,460,219
68$44,382,062$12,686,834$8,566,115$32,092,625
69$48,829,498$13,228,954$8,773,545$34,980,532
70$53,728,067$13,795,133$8,985,419$38,149,517
71$59,123,705$14,386,470$9,201,807$41,627,747
72$65,067,034$15,004,118$9,422,777$45,446,243
73$71,613,832$15,649,280$9,648,401$49,639,166
74$78,825,567$16,323,219$9,878,747$54,244,144
75$86,769,973$17,027,255$10,113,883$59,302,616
76$95,521,691$17,762,772$10,353,879$64,860,226
77$105,162,972$18,531,216$10,598,803$70,967,251
78$115,784,453$19,334,103$10,848,720$77,679,066
79$127,486,012$20,173,019$11,103,697$85,056,670
80$140,377,715$21,049,626$11,363,800$93,167,257
81$154,580,846$21,965,663$11,629,092$102,084,842
82$170,229,063$22,922,950$11,899,637$111,890,962
83$187,469,648$23,923,396$12,175,496$122,675,437
84$206,464,905$24,968,995$12,456,728$134,537,217
85$227,393,690$26,061,840$12,743,392$147,585,308
86$250,453,095$27,204,119$13,035,545$161,939,800
87$275,860,314$28,398,125$13,333,239$177,732,995
88$303,854,692$29,646,259$13,636,529$195,110,647
89$334,699,980$30,951,035$13,945,462$214,233,339
90$368,686,829$32,315,086$14,260,086$235,277,989
91$406,135,531$33,741,171$14,580,444$258,439,515
92$447,399,044$35,232,177$14,906,578$283,932,673
93$492,866,323$36,791,130$15,238,524$311,994,070
94$542,965,990$38,421,198$15,576,317$342,884,399
95$598,170,383$40,125,699$15,919,986$376,890,890
96$659,000,013$41,908,109$16,269,556$414,330,015
97$726,028,477$43,772,069$16,625,049$455,550,465
98$799,887,874$45,721,393$16,986,481$500,936,439
99$881,274,772$47,760,075$17,353,862$550,911,262
100$970,956,780$49,892,300$17,727,198$605,941,367