Can I retire at age 45 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$404,637$401,033$397,517$394,084$390,733$386,974
2 years$200,316$196,585$192,969$189,464$186,063$182,277
3 years$132,217$128,470$124,864$121,391$118,046$114,350
4 years$98,175$94,439$90,869$87,456$84,192$80,613
5 years$77,754$74,042$70,518$67,174$64,001$60,552
6 years$64,145$60,461$56,989$53,720$50,642$47,325
7 years$54,429$50,775$47,358$44,166$41,185$38,003
8 years$47,144$43,523$40,163$37,050$34,167$31,119
9 years$41,482$37,895$34,593$31,558$28,774$25,859
10 years$36,954$33,402$30,159$27,203$24,517$21,734
11 years$33,252$29,736$26,551$23,675$21,085$18,431
12 years$30,170$26,690$23,564$20,766$18,272$15,745
13 years$27,563$24,120$21,053$18,334$15,934$13,530
14 years$25,331$21,924$18,916$16,274$13,967$11,684
15 years$23,398$20,028$17,078$14,514$12,298$10,132
16 years$21,709$18,375$15,484$12,996$10,869$8,817
17 years$20,220$16,923$14,090$11,676$9,637$7,695
18 years$18,897$15,638$12,862$10,523$8,569$6,733
19 years$17,716$14,493$11,775$9,508$7,638$5,904
20 years$16,654$13,467$10,806$8,612$6,822$5,187
21 years$15,694$12,544$9,940$7,816$6,105$4,564
22 years$14,822$11,710$9,161$7,106$5,472$4,022
23 years$14,028$10,952$8,459$6,472$4,912$3,549
24 years$13,301$10,261$7,823$5,903$4,415$3,135
25 years$12,633$9,630$7,245$5,391$3,973$2,771
26 years$12,017$9,050$6,720$4,929$3,579$2,452
27 years$11,448$8,517$6,240$4,512$3,227$2,171
28 years$10,921$8,026$5,801$4,134$2,911$1,924
29 years$10,431$7,571$5,398$3,791$2,629$1,706
30 years$9,974$7,150$5,028$3,479$2,375$1,513
31 years$9,548$6,760$4,688$3,195$2,148$1,342
32 years$9,149$6,396$4,374$2,936$1,943$1,192
33 years$8,775$6,057$4,084$2,700$1,758$1,058
34 years$8,424$5,741$3,816$2,484$1,592$940
35 years$8,094$5,445$3,567$2,287$1,442$835
36 years$7,782$5,168$3,337$2,106$1,306$742
37 years$7,489$4,908$3,123$1,941$1,184$660
38 years$7,211$4,665$2,925$1,789$1,073$587
39 years$6,948$4,436$2,740$1,649$973$522
40 years$6,699$4,220$2,569$1,521$883$464
41 years$6,463$4,017$2,408$1,404$801$413
42 years$6,238$3,826$2,259$1,295$727$367
43 years$6,025$3,645$2,120$1,196$660$327
44 years$5,822$3,475$1,990$1,104$599$291
45 years$5,628$3,314$1,869$1,020$544$259
46 years$5,444$3,161$1,755$942$493$230
47 years$5,268$3,017$1,649$870$448$205
48 years$5,099$2,880$1,549$804$407$182
49 years$4,938$2,750$1,456$743$370$162
50 years$4,784$2,627$1,369$687$336$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $4,900,000, adding $5,835 every year, while hoping to spend $34,324 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: 51/24/25 Blend
44$4,900,000$4,900,000$4,900,000$4,900,000
45$5,405,819$5,146,119$5,070,169$5,643,336
46$5,920,692$5,361,758$5,203,499$6,024,513
47$6,486,932$5,586,813$5,340,145$6,434,800
48$7,109,741$5,821,710$5,480,183$6,880,236
49$7,794,853$6,066,892$5,623,687$7,364,176
50$8,548,584$6,322,826$5,770,737$7,890,307
51$9,377,893$6,589,998$5,921,410$8,462,683
52$10,290,449$6,868,918$6,075,788$9,085,762
53$11,294,699$7,160,119$6,233,951$9,764,449
54$12,399,953$7,464,160$6,395,984$10,504,138
55$13,616,470$7,781,625$6,561,970$11,310,763
56$14,955,550$8,113,125$6,731,996$12,190,851
57$16,429,647$8,459,299$6,906,149$13,151,586
58$18,052,484$8,820,818$7,084,518$14,200,872
59$19,839,182$9,198,383$7,267,194$15,347,407
60$21,806,401$9,592,726$7,454,267$16,600,762
61$23,972,500$10,004,616$7,645,832$17,971,475
62$26,357,710$10,434,857$7,841,982$19,471,140
63$28,984,322$10,884,290$8,042,814$21,112,524
64$31,876,899$11,353,797$8,248,424$22,909,678
65$35,062,508$11,844,299$8,458,912$24,878,073
66$38,570,976$12,356,761$8,674,378$27,034,741
67$42,435,169$12,892,195$8,894,922$29,398,432
68$46,691,302$13,451,659$9,120,649$31,989,797
69$51,379,286$14,036,261$9,351,661$34,831,568
70$56,543,095$14,647,161$9,588,064$37,948,783
71$62,231,192$15,285,573$9,829,966$41,369,010
72$68,496,977$15,952,769$10,077,473$45,122,609
73$75,399,295$16,650,081$10,330,695$49,243,018
74$83,002,992$17,378,904$10,589,742$53,767,059
75$91,379,525$18,140,698$10,854,725$58,735,290
76$100,607,636$18,936,991$11,125,758$64,192,380
77$110,774,097$19,769,386$11,402,954$70,187,529
78$121,974,529$20,639,560$11,686,426$76,774,930
79$134,314,301$21,549,269$11,976,292$84,014,275
80$147,909,529$22,500,352$12,272,666$91,971,316
81$162,888,167$23,494,736$12,575,667$100,718,483
82$179,391,221$24,534,438$12,885,413$110,335,561
83$197,574,072$25,621,573$13,202,021$120,910,441
84$217,607,951$26,758,353$13,525,612$132,539,946
85$239,681,546$27,947,096$13,856,304$145,330,739
86$264,002,792$29,190,233$14,194,219$159,400,325
87$290,800,828$30,490,305$14,539,476$174,878,156
88$320,328,160$31,849,978$14,892,196$191,906,849
89$352,863,049$33,272,043$15,252,501$210,643,525
90$388,712,130$34,759,423$15,620,510$231,261,288
91$428,213,315$36,315,183$15,996,345$253,950,853
92$471,738,976$37,942,529$16,380,125$278,922,340
93$519,699,463$39,644,825$16,771,971$306,407,252
94$572,546,978$41,425,591$17,172,002$336,660,653
95$630,779,842$43,288,518$17,580,336$369,963,568
96$694,947,200$45,237,469$17,997,092$406,625,633
97$765,654,205$47,276,495$18,422,384$446,988,006
98$843,567,729$49,409,839$18,856,330$491,426,579
99$929,422,662$51,641,945$19,299,041$540,355,526
100$1,024,028,845$53,977,472$19,750,631$594,231,194