Can I retire at age 45 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$412,895$409,217$405,629$402,127$398,707$385,174
2 years$204,404$200,597$196,907$193,330$189,860$176,362
3 years$134,915$131,092$127,412$123,869$120,455$107,415
4 years$100,178$96,367$92,723$89,240$85,910$73,427
5 years$79,341$75,553$71,957$68,545$65,307$53,416
6 years$65,455$61,694$58,152$54,816$51,675$40,385
7 years$55,539$51,811$48,325$45,067$42,026$31,334
8 years$48,106$44,411$40,983$37,806$34,865$24,763
9 years$42,328$38,668$35,299$32,202$29,361$19,838
10 years$37,708$34,084$30,774$27,759$25,017$16,056
11 years$33,931$30,343$27,093$24,158$21,515$13,100
12 years$30,785$27,234$24,044$21,190$18,645$10,755
13 years$28,126$24,612$21,482$18,708$16,259$8,874
14 years$25,848$22,371$19,302$16,607$14,252$7,352
15 years$23,876$20,437$17,427$14,810$12,549$6,111
16 years$22,152$18,750$15,800$13,261$11,091$5,093
17 years$20,632$17,268$14,377$11,915$9,834$4,254
18 years$19,283$15,957$13,125$10,738$8,744$3,560
19 years$18,077$14,789$12,015$9,702$7,793$2,983
20 years$16,993$13,742$11,027$8,787$6,961$2,503
21 years$16,014$12,800$10,143$7,975$6,230$2,103
22 years$15,125$11,949$9,348$7,251$5,584$1,768
23 years$14,314$11,175$8,631$6,604$5,012$1,487
24 years$13,572$10,471$7,982$6,023$4,505$1,252
25 years$12,891$9,826$7,393$5,501$4,054$1,055
26 years$12,263$9,235$6,857$5,029$3,652$889
27 years$11,682$8,691$6,367$4,604$3,292$749
28 years$11,144$8,190$5,919$4,218$2,971$632
29 years$10,644$7,726$5,508$3,868$2,683$533
30 years$10,178$7,296$5,131$3,550$2,424$449
31 years$9,743$6,898$4,783$3,260$2,191$379
32 years$9,336$6,526$4,463$2,996$1,982$320
33 years$8,954$6,181$4,167$2,755$1,794$270
34 years$8,596$5,858$3,893$2,535$1,624$228
35 years$8,259$5,556$3,640$2,334$1,471$192
36 years$7,941$5,274$3,405$2,149$1,333$162
37 years$7,641$5,009$3,187$1,980$1,208$137
38 years$7,358$4,760$2,985$1,825$1,095$116
39 years$7,090$4,526$2,796$1,683$993$98
40 years$6,836$4,306$2,621$1,552$901$83
41 years$6,595$4,099$2,458$1,432$817$70
42 years$6,366$3,904$2,305$1,322$742$59
43 years$6,148$3,720$2,163$1,220$673$50
44 years$5,941$3,546$2,031$1,127$611$42
45 years$5,743$3,381$1,907$1,040$555$35
46 years$5,555$3,225$1,791$961$504$30
47 years$5,375$3,078$1,682$888$457$25
48 years$5,203$2,938$1,581$820$415$21
49 years$5,039$2,806$1,486$758$377$18
50 years$4,882$2,680$1,397$701$343$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $5,000,000, adding $2,524 every year, while hoping to spend $47,823 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: 31/46/23 Blend
44$5,000,000$5,000,000$5,000,000$5,000,000
45$5,512,604$5,247,604$5,170,104$5,644,193
46$6,024,006$5,453,853$5,292,419$5,950,805
47$6,585,968$5,668,605$5,417,229$6,276,177
48$7,203,598$5,892,228$5,544,566$6,625,449
49$7,882,520$6,125,102$5,674,464$7,000,736
50$8,628,933$6,367,628$5,806,955$7,404,357
51$9,449,665$6,620,223$5,942,070$7,838,853
52$10,352,241$6,883,324$6,079,839$8,307,012
53$11,344,949$7,157,386$6,220,293$8,811,892
54$12,436,921$7,442,886$6,363,460$9,356,852
55$13,638,221$7,740,321$6,509,370$9,945,575
56$14,959,934$8,050,211$6,658,048$10,582,106
57$16,414,277$8,373,101$6,809,522$11,270,886
58$18,014,707$8,709,557$6,963,815$12,016,795
59$19,776,057$9,060,175$7,120,952$12,825,190
60$21,714,665$9,425,573$7,280,954$13,701,959
61$23,848,536$9,806,402$7,443,842$14,653,570
62$26,197,511$10,203,340$7,609,635$15,687,132
63$28,783,448$10,617,095$7,778,349$16,810,460
64$31,630,435$11,048,408$7,949,999$18,032,144
65$34,765,014$11,498,054$8,124,598$19,361,627
66$38,216,430$11,966,844$8,302,157$20,809,295
67$42,016,911$12,455,624$8,482,684$22,386,568
68$46,201,966$12,965,280$8,666,184$24,106,005
69$50,810,726$13,496,738$8,852,661$25,981,422
70$55,886,309$14,050,966$9,042,113$28,028,016
71$61,476,226$14,628,978$9,234,538$30,262,507
72$67,632,835$15,231,832$9,429,930$32,703,289
73$74,413,829$15,860,636$9,628,276$35,370,605
74$81,882,780$16,516,548$9,829,565$38,286,729
75$90,109,745$17,200,780$10,033,776$41,476,172
76$99,171,921$17,914,600$10,240,889$44,965,915
77$109,154,374$18,659,332$10,450,876$48,785,650
78$120,150,845$19,436,365$10,663,706$52,968,064
79$132,264,633$20,247,148$10,879,341$57,549,136
80$145,609,566$21,093,199$11,097,740$62,568,476
81$160,311,081$21,976,105$11,318,854$68,069,690
82$176,507,406$22,897,529$11,542,630$74,100,788
83$194,350,860$23,859,206$11,769,006$80,714,631
84$214,009,297$24,862,957$11,997,917$87,969,422
85$235,667,686$25,910,682$12,229,288$95,929,250
86$259,529,858$27,004,374$12,463,038$104,664,691
87$285,820,430$28,146,114$12,699,076$114,253,462
88$314,786,923$29,338,084$12,937,305$124,781,150
89$346,702,103$30,582,563$13,177,618$136,342,013
90$381,866,548$31,881,940$13,419,899$149,039,860
91$420,611,494$33,238,712$13,664,023$162,989,023
92$463,301,952$34,655,495$13,909,853$178,315,427
93$510,340,161$36,135,025$14,157,244$195,157,772
94$562,169,383$37,680,166$14,406,037$213,668,828
95$619,278,082$39,293,917$14,656,062$234,016,873
96$682,204,543$40,979,415$14,907,136$256,387,265
97$751,541,946$42,739,946$15,159,064$280,984,188
98$827,943,969$44,578,947$15,411,637$308,032,559
99$912,130,957$46,500,020$15,664,631$337,780,147
100$1,004,896,725$48,506,931$15,917,806$370,499,898