Can I retire at age 45 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$396,380$392,849$389,404$386,042$382,759$371,698
2 years$196,227$192,573$189,031$185,597$182,266$171,211
3 years$129,519$125,849$122,316$118,914$115,637$104,933
4 years$96,171$92,512$89,014$85,671$82,473$72,203
5 years$76,168$72,531$69,079$65,803$62,695$52,886
6 years$62,836$59,227$55,826$52,623$49,608$40,270
7 years$53,318$49,738$46,392$43,265$40,345$31,477
8 years$46,182$42,635$39,344$36,294$33,470$25,068
9 years$40,635$37,121$33,887$30,914$28,187$20,241
10 years$36,200$32,721$29,543$26,648$24,016$16,517
11 years$32,574$29,129$26,009$23,192$20,655$13,590
12 years$29,554$26,145$23,083$20,342$17,899$11,254
13 years$27,001$23,627$20,623$17,959$15,608$9,368
14 years$24,814$21,477$18,530$15,942$13,682$7,832
15 years$22,921$19,619$16,730$14,218$12,047$6,570
16 years$21,266$18,000$15,168$12,730$10,647$5,527
17 years$19,807$16,578$13,802$11,438$9,440$4,661
18 years$18,512$15,318$12,600$10,308$8,394$3,938
19 years$17,354$14,197$11,534$9,314$7,482$3,333
20 years$16,314$13,193$10,586$8,436$6,683$2,824
21 years$15,373$12,288$9,737$7,656$5,980$2,396
22 years$14,520$11,471$8,974$6,961$5,361$2,035
23 years$13,742$10,728$8,286$6,340$4,812$1,730
24 years$13,029$10,052$7,663$5,782$4,325$1,472
25 years$12,375$9,433$7,098$5,281$3,892$1,252
26 years$11,772$8,866$6,583$4,828$3,506$1,066
27 years$11,215$8,344$6,113$4,419$3,161$908
28 years$10,698$7,862$5,682$4,049$2,852$774
29 years$10,218$7,417$5,288$3,713$2,575$660
30 years$9,771$7,005$4,926$3,408$2,327$563
31 years$9,353$6,622$4,592$3,130$2,104$480
32 years$8,962$6,265$4,284$2,876$1,903$409
33 years$8,596$5,933$4,000$2,645$1,722$349
34 years$8,252$5,624$3,738$2,434$1,559$298
35 years$7,928$5,334$3,494$2,240$1,412$254
36 years$7,624$5,063$3,269$2,063$1,280$217
37 years$7,336$4,808$3,060$1,901$1,160$185
38 years$7,064$4,570$2,865$1,752$1,051$158
39 years$6,806$4,345$2,684$1,616$953$135
40 years$6,562$4,134$2,516$1,490$865$115
41 years$6,331$3,935$2,359$1,375$785$98
42 years$6,111$3,748$2,213$1,269$712$84
43 years$5,902$3,571$2,077$1,171$646$72
44 years$5,703$3,404$1,949$1,082$586$61
45 years$5,513$3,246$1,830$999$532$52
46 years$5,333$3,096$1,719$923$483$45
47 years$5,160$2,955$1,615$852$439$38
48 years$4,995$2,821$1,518$788$399$33
49 years$4,837$2,694$1,427$728$362$28
50 years$4,686$2,573$1,341$673$329$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $4,800,000, adding $6,034 every year, while hoping to spend $35,068 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: 35/48/17 Blend
44$4,800,000$4,800,000$4,800,000$4,800,000
45$5,295,824$5,041,424$4,967,024$5,453,334
46$5,798,686$5,251,142$5,096,107$5,778,391
47$6,351,665$5,469,960$5,228,339$6,125,163
48$6,959,835$5,698,289$5,363,789$6,498,579
49$7,628,787$5,936,554$5,502,526$6,901,022
50$8,364,684$6,185,205$5,644,620$7,335,107
51$9,174,310$6,444,710$5,790,144$7,803,699
52$10,065,147$6,715,557$5,939,171$8,309,945
53$11,045,433$6,998,260$6,091,774$8,857,291
54$12,124,248$7,293,356$6,248,029$9,449,524
55$13,311,595$7,601,405$6,408,012$10,090,799
56$14,618,499$7,922,994$6,571,801$10,785,676
57$16,057,103$8,258,739$6,739,475$11,539,164
58$17,640,793$8,609,282$6,911,112$12,356,761
59$19,384,313$8,975,296$7,086,793$13,244,510
60$21,303,913$9,357,486$7,266,601$14,209,045
61$23,417,499$9,756,589$7,450,619$15,257,660
62$25,744,798$10,173,376$7,638,929$16,398,367
63$28,307,552$10,608,656$7,831,617$17,639,973
64$31,129,715$11,063,273$8,028,769$18,992,158
65$34,237,684$11,538,112$8,230,472$20,465,564
66$37,660,548$12,034,099$8,436,813$22,071,893
67$41,430,359$12,552,205$8,647,880$23,824,011
68$45,582,436$13,093,443$8,863,765$25,736,067
69$50,155,699$13,658,877$9,084,556$27,823,625
70$55,193,037$14,249,618$9,310,345$30,103,802
71$60,741,709$14,866,832$9,541,223$32,595,429
72$66,853,793$15,511,737$9,777,285$35,319,222
73$73,586,678$16,185,609$10,018,621$38,297,977
74$81,003,601$16,889,787$10,265,327$41,556,773
75$89,174,250$17,625,668$10,517,497$45,123,210
76$98,175,416$18,394,718$10,775,226$49,027,661
77$108,091,720$19,198,471$11,038,608$53,303,554
78$119,016,414$20,038,534$11,307,740$57,987,681
79$131,052,255$20,916,590$11,582,716$63,120,542
80$144,312,482$21,834,399$11,863,634$68,746,715
81$158,921,878$22,793,807$12,150,588$74,915,275
82$175,017,952$23,796,747$12,443,676$81,680,251
83$192,752,236$24,845,240$12,742,992$89,101,124
84$212,291,715$25,941,408$13,048,633$97,243,382
85$233,820,401$27,087,468$13,360,693$106,179,136
86$257,541,073$28,285,745$13,679,268$115,987,784
87$283,677,190$29,538,674$14,004,451$126,756,756
88$312,475,000$30,848,805$14,336,336$138,582,331
89$344,205,861$32,218,808$14,675,015$151,570,533
90$379,168,811$33,651,482$15,020,580$165,838,126
91$417,693,382$35,149,756$15,373,121$181,513,702
92$460,142,712$36,716,700$15,732,726$198,738,886
93$506,916,980$38,355,530$16,099,484$217,669,659
94$558,457,174$40,069,612$16,473,478$238,477,824
95$615,249,260$41,862,477$16,854,794$261,352,608
96$677,828,766$43,737,820$17,243,511$286,502,441
97$746,785,841$45,699,514$17,639,709$314,156,906
98$822,770,821$47,751,614$18,043,464$344,568,895
99$906,500,372$49,898,372$18,454,848$378,016,980
100$998,764,257$52,144,238$18,873,932$414,808,024