Can I retire at age 45 with 5,500,000?

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 $5,500,000?

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$454,185$450,139$446,192$442,340$438,578$436,730
2 years$224,844$220,656$216,598$212,663$208,847$206,981
3 years$148,407$144,201$140,153$136,255$132,501$130,675
4 years$110,196$106,003$101,996$98,164$94,501$92,729
5 years$87,275$83,108$79,153$75,400$71,838$70,126
6 years$72,000$67,864$63,967$60,298$56,843$55,192
7 years$61,093$56,992$53,157$49,574$46,229$44,640
8 years$52,917$48,853$45,081$41,586$38,351$36,826
9 years$46,561$42,535$38,829$35,422$32,297$30,834
10 years$41,479$37,493$33,852$30,534$27,519$26,117
11 years$37,324$33,377$29,802$26,574$23,667$22,326
12 years$33,864$29,958$26,449$23,309$20,509$19,228
13 years$30,938$27,073$23,630$20,578$17,885$16,662
14 years$28,433$24,609$21,232$18,267$15,677$14,512
15 years$26,263$22,480$19,170$16,291$13,804$12,694
16 years$24,367$20,625$17,380$14,587$12,200$11,144
17 years$22,696$18,995$15,815$13,106$10,817$9,814
18 years$21,211$17,552$14,437$11,811$9,618$8,666
19 years$19,885$16,267$13,217$10,673$8,573$7,670
20 years$18,693$15,116$12,130$9,666$7,657$6,802
21 years$17,615$14,080$11,157$8,773$6,853$6,043
22 years$16,637$13,144$10,283$7,976$6,142$5,377
23 years$15,746$12,293$9,494$7,264$5,514$4,791
24 years$14,930$11,518$8,781$6,625$4,956$4,274
25 years$14,180$10,809$8,133$6,051$4,459$3,817
26 years$13,489$10,158$7,543$5,532$4,017$3,412
27 years$12,850$9,560$7,004$5,064$3,622$3,052
28 years$12,258$9,009$6,511$4,640$3,268$2,733
29 years$11,708$8,499$6,059$4,255$2,951$2,448
30 years$11,196$8,026$5,644$3,905$2,666$2,194
31 years$10,717$7,587$5,262$3,586$2,411$1,968
32 years$10,269$7,179$4,909$3,296$2,180$1,766
33 years$9,850$6,799$4,584$3,031$1,973$1,585
34 years$9,456$6,444$4,283$2,789$1,787$1,423
35 years$9,085$6,112$4,004$2,567$1,618$1,279
36 years$8,735$5,801$3,746$2,364$1,466$1,149
37 years$8,405$5,510$3,506$2,178$1,329$1,033
38 years$8,094$5,236$3,283$2,008$1,205$928
39 years$7,799$4,979$3,076$1,851$1,092$835
40 years$7,519$4,737$2,883$1,708$991$751
41 years$7,254$4,509$2,703$1,575$899$675
42 years$7,002$4,294$2,536$1,454$816$607
43 years$6,763$4,092$2,380$1,342$740$547
44 years$6,535$3,900$2,234$1,239$672$492
45 years$6,318$3,719$2,097$1,144$610$443
46 years$6,110$3,548$1,970$1,057$554$398
47 years$5,913$3,386$1,851$977$503$359
48 years$5,724$3,232$1,739$902$457$323
49 years$5,543$3,087$1,635$834$415$291
50 years$5,370$2,949$1,537$771$377$262

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $5,500,000, adding $6,585 every year, while hoping to spend $39,399 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: 64/25/11 Blend
44$5,500,000$5,500,000$5,500,000$5,500,000
45$6,067,792$5,776,292$5,691,042$6,440,760
46$6,644,787$6,017,411$5,839,772$6,931,800
47$7,279,315$6,269,023$5,992,164$7,462,737
48$7,977,202$6,531,602$6,148,298$8,041,665
49$8,744,869$6,805,643$6,308,259$8,673,252
50$9,589,388$7,091,662$6,472,128$9,362,630
51$10,518,554$7,390,202$6,639,993$10,115,449
52$11,540,952$7,701,828$6,811,938$10,937,923
53$12,666,045$8,027,133$6,988,054$11,836,891
54$13,904,257$8,366,737$7,168,429$12,819,877
55$15,267,073$8,721,290$7,353,154$13,895,164
56$16,767,152$9,091,470$7,542,321$15,071,866
57$18,418,437$9,477,988$7,736,025$16,360,017
58$20,236,297$9,881,589$7,934,361$17,770,660
59$22,237,662$10,303,050$8,137,425$19,315,951
60$24,441,191$10,743,186$8,345,315$21,009,276
61$26,867,440$11,202,850$8,558,132$22,865,368
62$29,539,065$11,682,936$8,775,975$24,900,450
63$32,481,026$12,184,376$8,998,947$27,132,384
64$35,720,830$12,708,150$9,227,151$29,580,838
65$39,288,787$13,255,281$9,460,692$32,267,469
66$43,218,295$13,826,841$9,699,677$35,216,126
67$47,546,157$14,423,953$9,944,212$38,453,073
68$52,312,928$15,047,790$10,194,406$42,007,231
69$57,563,297$15,699,582$10,450,370$45,910,456
70$63,346,510$16,380,618$10,712,213$50,197,828
71$69,716,830$17,092,244$10,980,049$54,907,986
72$76,734,056$17,835,873$11,253,989$60,083,488
73$84,464,081$18,612,983$11,534,150$65,771,207
74$92,979,518$19,425,119$11,820,644$72,022,775
75$102,360,383$20,273,904$12,113,590$78,895,064
76$112,694,850$21,161,034$12,413,103$86,450,721
77$124,080,084$22,088,284$12,719,302$94,758,752
78$136,623,159$23,057,516$13,032,305$103,895,177
79$150,442,065$24,070,678$13,352,230$113,943,737
80$165,666,824$25,129,810$13,679,199$124,996,683
81$182,440,719$26,237,049$14,013,331$137,155,642
82$200,921,641$27,394,634$14,354,746$150,532,575
83$221,283,584$28,604,906$14,703,566$165,250,823
84$243,718,285$29,870,323$15,059,911$181,446,274
85$268,437,035$31,193,453$15,423,903$199,268,633
86$295,672,671$32,576,991$15,795,662$218,882,838
87$325,681,776$34,023,756$16,175,309$240,470,605
88$358,747,101$35,536,703$16,562,966$264,232,141
89$395,180,230$37,118,927$16,958,750$290,388,026
90$435,324,528$38,773,669$17,362,783$319,181,292
91$479,558,376$40,504,325$17,775,182$350,879,708
92$528,298,745$42,314,451$18,196,065$385,778,302
93$582,005,132$44,207,774$18,625,549$424,202,139
94$641,183,898$46,188,198$19,063,747$466,509,383
95$706,393,046$48,259,810$19,510,773$513,094,667
96$778,247,492$50,426,896$19,966,739$564,392,815
97$857,424,866$52,693,944$20,431,755$620,882,937
98$944,671,910$55,065,654$20,905,926$683,092,941
99$1,040,811,528$57,546,955$21,389,358$751,604,509
100$1,146,750,554$60,143,006$21,882,152$827,058,578