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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$388,122$384,664$381,291$377,999$374,785$365,428
2 years$192,139$188,561$185,093$181,730$178,469$169,101
3 years$126,821$123,227$119,767$116,436$113,228$104,142
4 years$94,168$90,585$87,160$83,886$80,755$72,022
5 years$74,581$71,019$67,640$64,432$61,389$53,032
6 years$61,527$57,993$54,663$51,527$48,575$40,602
7 years$52,207$48,702$45,425$42,363$39,504$31,917
8 years$45,220$41,747$38,524$35,538$32,773$25,568
9 years$39,788$36,348$33,181$30,270$27,599$20,770
10 years$35,446$32,039$28,928$26,093$23,516$17,055
11 years$31,895$28,522$25,468$22,709$20,225$14,122
12 years$28,938$25,600$22,602$19,919$17,526$11,772
13 years$26,438$23,135$20,193$17,585$15,283$9,866
14 years$24,297$21,029$18,144$15,610$13,397$8,305
15 years$22,443$19,211$16,381$13,922$11,796$7,016
16 years$20,823$17,625$14,852$12,465$10,425$5,944
17 years$19,394$16,232$13,515$11,200$9,244$5,049
18 years$18,126$14,999$12,337$10,093$8,219$4,298
19 years$16,993$13,901$11,294$9,120$7,326$3,665
20 years$15,974$12,918$10,365$8,260$6,544$3,130
21 years$15,053$12,032$9,534$7,497$5,856$2,676
22 years$14,217$11,232$8,787$6,816$5,249$2,290
23 years$13,455$10,505$8,113$6,208$4,712$1,962
24 years$12,758$9,842$7,503$5,662$4,235$1,682
25 years$12,117$9,237$6,950$5,171$3,811$1,443
26 years$11,527$8,681$6,445$4,728$3,433$1,239
27 years$10,981$8,170$5,985$4,327$3,095$1,064
28 years$10,475$7,698$5,564$3,965$2,793$914
29 years$10,005$7,262$5,178$3,636$2,522$786
30 years$9,567$6,859$4,823$3,337$2,278$675
31 years$9,158$6,484$4,496$3,065$2,060$581
32 years$8,776$6,135$4,195$2,816$1,863$500
33 years$8,417$5,810$3,917$2,590$1,686$430
34 years$8,080$5,506$3,660$2,383$1,527$370
35 years$7,763$5,223$3,422$2,194$1,383$318
36 years$7,465$4,957$3,201$2,020$1,253$274
37 years$7,183$4,708$2,996$1,861$1,136$236
38 years$6,917$4,474$2,806$1,716$1,030$203
39 years$6,664$4,255$2,629$1,582$934$175
40 years$6,426$4,048$2,464$1,459$847$150
41 years$6,199$3,853$2,310$1,346$768$130
42 years$5,984$3,670$2,167$1,242$697$112
43 years$5,779$3,497$2,033$1,147$633$96
44 years$5,584$3,333$1,909$1,059$574$83
45 years$5,399$3,178$1,792$978$521$71
46 years$5,222$3,032$1,683$903$473$61
47 years$5,053$2,893$1,581$835$430$53
48 years$4,891$2,762$1,486$771$390$46
49 years$4,737$2,638$1,397$713$355$39
50 years$4,589$2,520$1,313$659$322$34

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 $3,732 every year, while hoping to spend $42,919 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: 49/40/11 Blend
44$4,700,000$4,700,000$4,700,000$4,700,000
45$5,183,250$4,934,150$4,861,300$5,421,595
46$5,666,276$5,130,257$4,978,488$5,781,657
47$6,197,132$5,334,536$5,098,163$6,167,734
48$6,780,651$5,547,341$5,220,364$6,586,117
49$7,422,160$5,769,042$5,345,128$7,039,841
50$8,127,523$6,000,028$5,472,493$7,532,240
51$8,903,205$6,240,704$5,602,496$8,066,979
52$9,756,327$6,491,493$5,735,174$8,648,085
53$10,694,734$6,752,839$5,870,565$9,279,986
54$11,727,072$7,025,203$6,008,703$9,967,547
55$12,862,865$7,309,069$6,149,626$10,716,118
56$14,112,607$7,604,943$6,293,369$11,531,583
57$15,487,861$7,913,354$6,439,965$12,420,412
58$17,001,367$8,234,853$6,589,449$13,389,718
59$18,667,165$8,570,019$6,741,853$14,447,330
60$20,500,721$8,919,455$6,897,210$15,601,857
61$22,519,079$9,283,793$7,055,551$16,862,770
62$24,741,019$9,663,693$7,216,906$18,240,490
63$27,187,234$10,059,845$7,381,304$19,746,486
64$29,880,527$10,472,972$7,548,772$21,393,375
65$32,846,021$10,903,828$7,719,336$23,195,044
66$36,111,402$11,353,203$7,893,021$25,166,778
67$39,707,178$11,821,922$8,069,850$27,325,398
68$43,666,963$12,310,850$8,249,844$29,689,422
69$48,027,801$12,820,889$8,433,021$32,279,233
70$52,830,509$13,352,985$8,619,399$35,117,270
71$58,120,065$13,908,125$8,808,993$38,228,237
72$63,946,032$14,487,344$9,001,815$41,639,333
73$70,363,026$15,091,722$9,197,875$45,380,503
74$77,431,230$15,722,392$9,397,179$49,484,723
75$85,216,963$16,380,537$9,599,732$53,988,299
76$93,793,305$17,067,395$9,805,535$58,931,213
77$103,240,787$17,784,262$10,014,584$64,357,495
78$113,648,149$18,532,492$10,226,875$70,315,630
79$125,113,181$19,313,506$10,442,396$76,859,017
80$137,743,644$20,128,786$10,661,135$84,046,466
81$151,658,285$20,979,886$10,883,072$91,942,749
82$166,987,960$21,868,430$11,108,185$100,619,204
83$183,876,869$22,796,120$11,336,446$110,154,408
84$202,483,915$23,764,735$11,567,823$120,634,907
85$222,984,205$24,776,138$11,802,275$132,156,035
86$245,570,703$25,832,278$12,039,761$144,822,800
87$270,456,050$26,935,195$12,280,228$158,750,876
88$297,874,572$28,087,024$12,523,621$174,067,683
89$328,084,492$29,290,002$12,769,875$190,913,588
90$361,370,365$30,546,467$13,018,921$209,443,219
91$398,045,767$31,858,868$13,270,679$229,826,920
92$438,456,251$33,229,769$13,525,064$252,252,348
93$482,982,615$34,661,854$13,781,979$276,926,243
94$532,044,488$36,157,931$14,041,322$304,076,363
95$586,104,298$37,720,942$14,302,978$333,953,632
96$645,671,633$39,353,965$14,566,825$366,834,496
97$711,308,055$41,060,224$14,832,729$403,023,523
98$783,632,396$42,843,095$15,100,545$442,856,273
99$863,326,604$44,706,110$15,370,116$486,702,447
100$951,142,178$46,652,969$15,641,275$534,969,375