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%12%
1 years$462,443$458,324$454,305$450,382$446,552$442,810
2 years$228,932$224,668$220,536$216,530$212,644$208,873
3 years$151,105$146,823$142,702$138,733$134,910$131,226
4 years$112,200$107,931$103,850$99,949$96,219$92,651
5 years$88,862$84,619$80,592$76,771$73,144$69,703
6 years$73,309$69,098$65,130$61,394$57,876$54,566
7 years$62,204$58,028$54,124$50,475$47,069$43,890
8 years$53,879$49,741$45,901$42,343$39,048$36,002
9 years$47,408$43,308$39,535$36,066$32,884$29,969
10 years$42,233$38,174$34,467$31,090$28,019$25,233
11 years$38,003$33,984$30,344$27,057$24,097$21,439
12 years$34,480$30,502$26,930$23,733$20,882$18,349
13 years$31,501$27,565$24,060$20,953$18,210$15,798
14 years$28,950$25,056$21,618$18,599$15,963$13,670
15 years$26,741$22,889$19,518$16,587$14,055$11,878
16 years$24,810$21,000$17,696$14,852$12,422$10,357
17 years$23,108$19,341$16,103$13,345$11,014$9,058
18 years$21,597$17,872$14,700$12,026$9,793$7,943
19 years$20,247$16,563$13,457$10,867$8,729$6,980
20 years$19,033$15,391$12,350$9,842$7,797$6,146
21 years$17,936$14,336$11,360$8,932$6,977$5,420
22 years$16,940$13,383$10,470$8,121$6,254$4,787
23 years$16,032$12,516$9,667$7,396$5,614$4,233
24 years$15,201$11,727$8,940$6,746$5,046$3,748
25 years$14,438$11,005$8,280$6,161$4,541$3,321
26 years$13,734$10,343$7,680$5,633$4,090$2,946
27 years$13,084$9,734$7,131$5,156$3,687$2,614
28 years$12,481$9,172$6,629$4,724$3,327$2,322
29 years$11,921$8,653$6,169$4,332$3,004$2,064
30 years$11,399$8,172$5,746$3,976$2,715$1,835
31 years$10,912$7,725$5,357$3,651$2,454$1,632
32 years$10,456$7,310$4,998$3,356$2,220$1,453
33 years$10,029$6,922$4,667$3,086$2,009$1,293
34 years$9,627$6,561$4,361$2,839$1,819$1,152
35 years$9,250$6,223$4,077$2,614$1,648$1,026
36 years$8,894$5,906$3,814$2,407$1,493$914
37 years$8,558$5,610$3,570$2,218$1,353$815
38 years$8,241$5,331$3,343$2,044$1,227$726
39 years$7,941$5,069$3,132$1,885$1,112$647
40 years$7,656$4,823$2,936$1,739$1,009$577
41 years$7,386$4,591$2,753$1,604$915$515
42 years$7,130$4,372$2,582$1,480$831$459
43 years$6,886$4,166$2,423$1,367$754$410
44 years$6,654$3,971$2,274$1,262$684$365
45 years$6,432$3,787$2,135$1,165$621$326
46 years$6,221$3,613$2,006$1,076$564$291
47 years$6,020$3,447$1,884$994$512$260
48 years$5,828$3,291$1,771$919$465$232
49 years$5,644$3,143$1,664$849$422$207
50 years$5,468$3,002$1,565$785$384$185

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 $6,910 every year, while hoping to spend $33,354 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: 30/45/25 Blend
44$5,600,000$5,600,000$5,600,000$5,600,000
45$6,178,328$5,881,528$5,794,728$6,315,708
46$6,773,029$6,134,234$5,953,363$6,675,194
47$7,427,271$6,398,205$6,116,194$7,058,234
48$8,147,094$6,673,958$6,283,327$7,469,630
49$8,939,148$6,962,033$6,454,870$7,911,864
50$9,810,766$7,262,997$6,630,932$8,387,656
51$10,770,023$7,577,443$6,811,627$8,899,984
52$11,825,818$7,905,991$6,997,070$9,452,115
53$12,987,959$8,249,291$7,187,379$10,047,627
54$14,267,248$8,608,024$7,382,674$10,690,444
55$15,675,593$8,982,903$7,583,079$11,384,871
56$17,226,111$9,374,672$7,788,719$12,135,630
57$18,933,257$9,784,114$7,999,725$12,947,901
58$20,812,960$10,212,047$8,216,226$13,827,371
59$22,882,771$10,659,326$8,438,358$14,780,281
60$25,162,029$11,126,849$8,666,259$15,813,484
61$27,672,046$11,615,554$8,900,069$16,934,505
62$30,436,305$12,126,426$9,139,931$18,151,609
63$33,480,682$12,660,495$9,385,993$19,473,875
64$36,833,692$13,218,839$9,638,403$20,911,279
65$40,526,754$13,802,589$9,897,316$22,474,780
66$44,594,494$14,412,927$10,162,887$24,176,425
67$49,075,065$15,051,092$10,435,276$26,029,453
68$54,010,510$15,718,384$10,714,646$28,048,419
69$59,447,159$16,416,162$11,001,164$30,249,325
70$65,436,065$17,145,849$11,294,998$32,649,765
71$72,033,485$17,908,938$11,596,323$35,269,086
72$79,301,415$18,706,990$11,905,314$38,128,569
73$87,308,171$19,541,644$12,222,153$41,251,616
74$96,129,033$20,414,613$12,547,024$44,663,974
75$105,846,958$21,327,693$12,880,113$48,393,965
76$116,553,364$22,282,766$13,221,613$52,472,748
77$128,348,989$23,281,804$13,571,719$56,934,609
78$141,344,844$24,326,870$13,930,630$61,817,274
79$155,663,261$25,420,129$14,298,548$67,162,260
80$171,439,045$26,563,847$14,675,681$73,015,258
81$188,820,750$27,760,398$15,062,239$79,426,554
82$207,972,079$29,012,270$15,458,437$86,451,499
83$229,073,430$30,322,070$15,864,493$94,151,020
84$252,323,596$31,692,528$16,280,630$102,592,184
85$277,941,647$33,126,506$16,707,075$111,848,825
86$306,168,992$34,627,001$17,144,059$122,002,229
87$337,271,661$36,197,156$17,591,817$133,141,888
88$371,542,815$37,840,262$18,050,587$145,366,338
89$409,305,514$39,559,767$18,520,614$158,784,073
90$450,915,767$41,359,286$19,002,145$173,514,560
91$496,765,890$43,242,605$19,495,432$189,689,351
92$547,288,212$45,213,694$20,000,730$207,453,315
93$602,959,155$47,276,711$20,518,300$226,965,987
94$664,303,732$49,436,013$21,048,406$248,403,062
95$731,900,502$51,696,167$21,591,317$271,958,037
96$806,387,033$54,061,959$22,147,306$297,844,022
97$888,465,920$56,538,404$22,716,650$326,295,734
98$978,911,417$59,130,759$23,299,631$357,571,695
99$1,078,576,746$61,844,531$23,896,533$391,956,656
100$1,188,402,154$64,685,493$24,507,647$429,764,262