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

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$396,380$392,849$389,404$386,042$382,759$381,146
2 years$196,227$192,573$189,031$185,597$182,266$180,638
3 years$129,519$125,849$122,316$118,914$115,637$114,044
4 years$96,171$92,512$89,014$85,671$82,473$80,927
5 years$76,168$72,531$69,079$65,803$62,695$61,201
6 years$62,836$59,227$55,826$52,623$49,608$48,168
7 years$53,318$49,738$46,392$43,265$40,345$38,959
8 years$46,182$42,635$39,344$36,294$33,470$32,139
9 years$40,635$37,121$33,887$30,914$28,187$26,910
10 years$36,200$32,721$29,543$26,648$24,016$22,793
11 years$32,574$29,129$26,009$23,192$20,655$19,485
12 years$29,554$26,145$23,083$20,342$17,899$16,781
13 years$27,001$23,627$20,623$17,959$15,608$14,541
14 years$24,814$21,477$18,530$15,942$13,682$12,665
15 years$22,921$19,619$16,730$14,218$12,047$11,078
16 years$21,266$18,000$15,168$12,730$10,647$9,726
17 years$19,807$16,578$13,802$11,438$9,440$8,565
18 years$18,512$15,318$12,600$10,308$8,394$7,563
19 years$17,354$14,197$11,534$9,314$7,482$6,694
20 years$16,314$13,193$10,586$8,436$6,683$5,937
21 years$15,373$12,288$9,737$7,656$5,980$5,274
22 years$14,520$11,471$8,974$6,961$5,361$4,693
23 years$13,742$10,728$8,286$6,340$4,812$4,182
24 years$13,029$10,052$7,663$5,782$4,325$3,730
25 years$12,375$9,433$7,098$5,281$3,892$3,331
26 years$11,772$8,866$6,583$4,828$3,506$2,978
27 years$11,215$8,344$6,113$4,419$3,161$2,664
28 years$10,698$7,862$5,682$4,049$2,852$2,385
29 years$10,218$7,417$5,288$3,713$2,575$2,137
30 years$9,771$7,005$4,926$3,408$2,327$1,915
31 years$9,353$6,622$4,592$3,130$2,104$1,718
32 years$8,962$6,265$4,284$2,876$1,903$1,541
33 years$8,596$5,933$4,000$2,645$1,722$1,383
34 years$8,252$5,624$3,738$2,434$1,559$1,242
35 years$7,928$5,334$3,494$2,240$1,412$1,116
36 years$7,624$5,063$3,269$2,063$1,280$1,003
37 years$7,336$4,808$3,060$1,901$1,160$901
38 years$7,064$4,570$2,865$1,752$1,051$810
39 years$6,806$4,345$2,684$1,616$953$728
40 years$6,562$4,134$2,516$1,490$865$655
41 years$6,331$3,935$2,359$1,375$785$589
42 years$6,111$3,748$2,213$1,269$712$530
43 years$5,902$3,571$2,077$1,171$646$477
44 years$5,703$3,404$1,949$1,082$586$429
45 years$5,513$3,246$1,830$999$532$386
46 years$5,333$3,096$1,719$923$483$348
47 years$5,160$2,955$1,615$852$439$313
48 years$4,995$2,821$1,518$788$399$282
49 years$4,837$2,694$1,427$728$362$254
50 years$4,686$2,573$1,341$673$329$228

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 $5,221 every year, while hoping to spend $25,902 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: 56/32/12 Blend
44$4,800,000$4,800,000$4,800,000$4,800,000
45$5,294,985$5,040,585$4,966,185$5,575,158
46$5,807,514$5,260,015$5,104,993$5,984,853
47$6,371,453$5,489,328$5,247,583$6,427,598
48$6,992,018$5,728,982$5,394,054$6,909,242
49$7,674,957$5,979,455$5,544,508$7,433,507
50$8,426,604$6,241,249$5,699,049$8,004,481
51$9,253,935$6,514,887$5,857,785$8,626,660
52$10,164,640$6,800,921$6,020,825$9,304,989
53$11,167,191$7,099,924$6,188,280$10,044,901
54$12,270,925$7,412,500$6,360,267$10,852,375
55$13,486,126$7,739,280$6,536,903$11,733,985
56$14,824,130$8,080,924$6,718,309$12,696,963
57$16,297,427$8,438,124$6,904,608$13,749,265
58$17,919,779$8,811,607$7,095,927$14,899,643
59$19,706,351$9,202,131$7,292,395$16,157,726
60$21,673,855$9,610,491$7,494,146$17,534,111
61$23,840,704$10,037,521$7,701,316$19,040,458
62$26,227,189$10,484,092$7,914,043$20,689,600
63$28,855,669$10,951,120$8,132,471$22,495,659
64$31,750,784$11,439,562$8,356,745$24,474,179
65$34,939,684$11,950,419$8,587,015$26,642,272
66$38,452,286$12,484,744$8,823,435$29,018,773
67$42,321,559$13,043,637$9,066,160$31,624,414
68$46,583,833$13,628,250$9,315,352$34,482,025
69$51,279,142$14,239,792$9,571,173$37,616,735
70$56,451,600$14,879,528$9,833,794$41,056,215
71$62,149,822$15,548,783$10,103,384$44,830,932
72$68,427,377$16,248,947$10,380,121$48,974,434
73$75,343,299$16,981,475$10,664,184$53,523,661
74$82,962,639$17,747,890$10,955,758$58,519,294
75$91,357,082$18,549,792$11,255,030$64,006,130
76$100,605,625$19,388,852$11,562,195$70,033,505
77$110,795,319$20,266,825$11,877,448$76,655,753
78$122,022,090$21,185,549$12,200,991$83,932,716
79$134,391,650$22,146,947$12,533,031$91,930,301
80$148,020,490$23,153,039$12,873,779$100,721,100
81$163,036,979$24,205,937$13,223,449$110,385,070
82$179,582,579$25,307,857$13,582,264$121,010,281
83$197,813,180$26,461,119$13,950,447$132,693,742
84$217,900,566$27,668,156$14,328,229$145,542,311
85$240,034,045$28,931,517$14,715,846$159,673,697
86$264,422,229$30,253,873$15,113,538$175,217,567
87$291,295,006$31,638,022$15,521,552$192,316,759
88$320,905,711$33,086,899$15,940,137$211,128,627
89$353,533,513$34,603,577$16,369,552$231,826,516
90$389,486,057$36,191,278$16,810,057$254,601,394
91$429,102,363$37,853,378$17,261,922$279,663,644
92$472,756,026$39,593,416$17,725,419$307,245,041
93$520,858,748$41,415,101$18,200,828$337,600,933
94$573,864,218$43,322,318$18,688,433$371,012,643
95$632,272,399$45,319,143$19,188,526$407,790,111
96$696,634,247$47,409,844$19,701,405$448,274,813
97$767,556,910$49,598,896$20,227,372$492,842,972
98$845,709,463$51,890,990$20,766,737$541,909,102
99$931,829,221$54,291,041$21,319,815$595,929,904
100$1,026,728,702$56,804,203$21,886,930$655,408,569