Can I retire at age 45 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$462,443$458,324$454,305$450,382$446,552$433,473
2 years$228,932$224,668$220,536$216,530$212,644$199,573
3 years$151,105$146,823$142,702$138,733$134,910$122,257
4 years$112,200$107,931$103,850$99,949$96,219$84,081
5 years$88,862$84,619$80,592$76,771$73,144$61,554
6 years$73,309$69,098$65,130$61,394$57,876$46,845
7 years$62,204$58,028$54,124$50,475$47,069$36,595
8 years$53,879$49,741$45,901$42,343$39,048$29,127
9 years$47,408$43,308$39,535$36,066$32,884$23,505
10 years$42,233$38,174$34,467$31,090$28,019$19,168
11 years$38,003$33,984$30,344$27,057$24,097$15,761
12 years$34,480$30,502$26,930$23,733$20,882$13,043
13 years$31,501$27,565$24,060$20,953$18,210$10,850
14 years$28,950$25,056$21,618$18,599$15,963$9,064
15 years$26,741$22,889$19,518$16,587$14,055$7,598
16 years$24,810$21,000$17,696$14,852$12,422$6,388
17 years$23,108$19,341$16,103$13,345$11,014$5,383
18 years$21,597$17,872$14,700$12,026$9,793$4,545
19 years$20,247$16,563$13,457$10,867$8,729$3,843
20 years$19,033$15,391$12,350$9,842$7,797$3,255
21 years$17,936$14,336$11,360$8,932$6,977$2,759
22 years$16,940$13,383$10,470$8,121$6,254$2,342
23 years$16,032$12,516$9,667$7,396$5,614$1,989
24 years$15,201$11,727$8,940$6,746$5,046$1,690
25 years$14,438$11,005$8,280$6,161$4,541$1,437
26 years$13,734$10,343$7,680$5,633$4,090$1,223
27 years$13,084$9,734$7,131$5,156$3,687$1,041
28 years$12,481$9,172$6,629$4,724$3,327$886
29 years$11,921$8,653$6,169$4,332$3,004$755
30 years$11,399$8,172$5,746$3,976$2,715$643
31 years$10,912$7,725$5,357$3,651$2,454$548
32 years$10,456$7,310$4,998$3,356$2,220$467
33 years$10,029$6,922$4,667$3,086$2,009$398
34 years$9,627$6,561$4,361$2,839$1,819$340
35 years$9,250$6,223$4,077$2,614$1,648$290
36 years$8,894$5,906$3,814$2,407$1,493$247
37 years$8,558$5,610$3,570$2,218$1,353$211
38 years$8,241$5,331$3,343$2,044$1,227$180
39 years$7,941$5,069$3,132$1,885$1,112$153
40 years$7,656$4,823$2,936$1,739$1,009$131
41 years$7,386$4,591$2,753$1,604$915$111
42 years$7,130$4,372$2,582$1,480$831$95
43 years$6,886$4,166$2,423$1,367$754$81
44 years$6,654$3,971$2,274$1,262$684$69
45 years$6,432$3,787$2,135$1,165$621$59
46 years$6,221$3,613$2,006$1,076$564$50
47 years$6,020$3,447$1,884$994$512$43
48 years$5,828$3,291$1,771$919$465$37
49 years$5,644$3,143$1,664$849$422$31
50 years$5,468$3,002$1,565$785$384$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $5,600,000, adding $3,699 every year, while hoping to spend $58,643 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: 40/49/11 Blend
44$5,600,000$5,600,000$5,600,000$5,600,000
45$6,175,016$5,878,216$5,791,416$6,401,544
46$6,742,471$6,103,852$5,923,032$6,787,156
47$7,365,842$6,338,580$6,057,093$7,197,966
48$8,050,770$6,582,782$6,193,617$7,641,064
49$8,803,468$6,836,858$6,332,623$8,119,397
50$9,630,785$7,101,228$6,474,129$8,636,202
51$10,540,263$7,376,326$6,618,150$9,195,028
52$11,540,213$7,662,609$6,764,701$9,799,776
53$12,639,790$7,960,552$6,913,794$10,454,728
54$13,849,082$8,270,652$7,065,440$11,164,585
55$15,179,203$8,593,429$7,219,647$11,934,517
56$16,642,398$8,929,423$7,376,421$12,770,198
57$18,252,159$9,279,201$7,535,767$13,677,869
58$20,023,351$9,643,353$7,697,687$14,664,385
59$21,972,352$10,022,497$7,862,179$15,737,285
60$24,117,211$10,417,278$8,029,240$16,904,853
61$26,477,810$10,828,369$8,198,864$18,176,202
62$29,076,061$11,256,473$8,371,041$19,561,349
63$31,936,106$11,702,327$8,545,757$21,071,314
64$35,084,545$12,166,697$8,722,996$22,718,214
65$38,550,690$12,650,387$8,902,738$24,515,381
66$42,366,839$13,154,234$9,084,958$26,477,480
67$46,568,580$13,679,115$9,269,627$28,620,647
68$51,195,129$14,225,945$9,456,714$30,962,633
69$56,289,697$14,795,682$9,646,179$33,522,974
70$61,899,900$15,389,324$9,837,980$36,323,170
71$68,078,207$16,007,918$10,032,069$39,386,879
72$74,882,433$16,652,555$10,228,392$42,740,143
73$82,376,288$17,324,377$10,426,890$46,411,626
74$90,629,976$18,024,578$10,627,497$50,432,878
75$99,720,855$18,754,404$10,830,141$54,838,635
76$109,734,173$19,515,161$11,034,741$59,667,133
77$120,763,866$20,308,211$11,241,212$64,960,471
78$132,913,447$21,134,980$11,449,460$70,765,001
79$146,296,983$21,996,958$11,659,381$77,131,757
80$161,040,170$22,895,704$11,870,865$84,116,935
81$177,281,520$23,832,846$12,083,792$91,782,416
82$195,173,669$24,810,089$12,298,032$100,196,342
83$214,884,813$25,829,214$12,513,446$109,433,755
84$236,600,303$26,892,084$12,729,885$119,577,299
85$260,524,385$28,000,648$12,947,188$130,717,989
86$286,882,136$29,156,943$13,165,182$142,956,066
87$315,921,582$30,363,101$13,383,683$156,401,937
88$347,916,041$31,621,350$13,602,495$171,177,203
89$383,166,704$32,934,024$13,821,406$187,415,805
90$422,005,477$34,303,560$14,040,192$205,265,275
91$464,798,111$35,732,510$14,258,614$224,888,121
92$511,947,659$37,223,543$14,476,417$246,463,352
93$563,898,274$38,779,451$14,693,332$270,188,156
94$621,139,410$40,403,155$14,909,069$296,279,753
95$684,210,431$42,097,712$15,123,325$324,977,433
96$753,705,713$43,866,317$15,335,774$356,544,801
97$830,280,247$45,712,318$15,546,074$391,272,261
98$914,655,824$47,639,214$15,753,860$429,479,737
99$1,007,627,851$49,650,669$15,958,747$471,519,682
100$1,110,072,854$51,750,514$16,160,327$517,780,394