Can I retire at age 45 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$487,216$482,877$478,642$474,510$470,474$452,881
2 years$241,196$236,704$232,351$228,130$224,035$206,512
3 years$159,200$154,689$150,346$146,165$142,137$125,235
4 years$118,210$113,713$109,414$105,304$101,373$85,221
5 years$93,623$89,152$84,909$80,883$77,063$61,702
6 years$77,236$72,799$68,619$64,683$60,977$46,419
7 years$65,536$61,137$57,023$53,179$49,591$35,831
8 years$56,765$52,406$48,360$44,611$41,140$28,166
9 years$49,947$45,628$41,653$37,999$34,646$22,440
10 years$44,496$40,219$36,314$32,755$29,520$18,060
11 years$40,038$35,805$31,970$28,507$25,388$14,648
12 years$36,327$32,136$28,373$25,004$22,001$11,954
13 years$33,188$29,042$25,349$22,075$19,185$9,804
14 years$30,501$26,398$22,776$19,596$16,818$8,071
15 years$28,174$24,115$20,564$17,476$14,808$6,666
16 years$26,139$22,125$18,644$15,648$13,087$5,519
17 years$24,346$20,377$16,965$14,059$11,604$4,580
18 years$22,754$18,829$15,487$12,670$10,318$3,807
19 years$21,331$17,450$14,178$11,449$9,196$3,168
20 years$20,052$16,216$13,012$10,369$8,214$2,640
21 years$18,897$15,104$11,968$9,411$7,351$2,202
22 years$17,847$14,099$11,031$8,556$6,589$1,839
23 years$16,891$13,187$10,185$7,792$5,915$1,536
24 years$16,015$12,355$9,419$7,107$5,316$1,284
25 years$15,211$11,595$8,724$6,491$4,784$1,074
26 years$14,470$10,897$8,091$5,935$4,309$898
27 years$13,785$10,256$7,513$5,432$3,885$752
28 years$13,150$9,664$6,985$4,977$3,506$629
29 years$12,560$9,117$6,500$4,564$3,165$527
30 years$12,010$8,610$6,054$4,189$2,860$441
31 years$11,497$8,139$5,644$3,847$2,586$369
32 years$11,016$7,701$5,266$3,535$2,339$309
33 years$10,566$7,293$4,917$3,251$2,117$259
34 years$10,143$6,912$4,594$2,991$1,917$217
35 years$9,745$6,556$4,295$2,754$1,736$182
36 years$9,371$6,223$4,018$2,536$1,573$152
37 years$9,017$5,910$3,761$2,337$1,426$128
38 years$8,682$5,617$3,522$2,154$1,292$107
39 years$8,366$5,341$3,300$1,986$1,172$90
40 years$8,066$5,082$3,093$1,832$1,063$75
41 years$7,782$4,837$2,900$1,690$964$63
42 years$7,512$4,607$2,720$1,560$875$53
43 years$7,255$4,389$2,553$1,440$794$44
44 years$7,010$4,184$2,396$1,329$721$37
45 years$6,777$3,990$2,250$1,228$654$31
46 years$6,555$3,806$2,113$1,134$594$26
47 years$6,343$3,632$1,985$1,048$540$22
48 years$6,140$3,467$1,866$968$490$18
49 years$5,946$3,311$1,754$895$445$15
50 years$5,760$3,163$1,649$827$404$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $5,900,000, adding $2,490 every year, while hoping to spend $24,996 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: 42/46/12 Blend
44$5,900,000$5,900,000$5,900,000$5,900,000
45$6,504,368$6,191,668$6,100,218$6,754,580
46$7,141,218$6,468,465$6,277,980$7,206,975
47$7,842,189$6,757,986$6,460,859$7,693,857
48$8,613,795$7,060,830$6,649,001$8,220,515
49$9,463,214$7,377,622$6,842,553$8,790,591
50$10,398,353$7,709,017$7,041,670$9,408,080
51$11,427,928$8,055,702$7,246,510$10,077,368
52$12,561,542$8,418,397$7,457,233$10,803,266
53$13,809,775$8,797,854$7,674,006$11,591,056
54$15,184,288$9,194,864$7,897,000$12,446,537
55$16,697,926$9,610,253$8,126,391$13,376,075
56$18,364,849$10,044,890$8,362,359$14,386,664
57$20,200,655$10,499,681$8,605,090$15,485,986
58$22,222,534$10,975,578$8,854,773$16,682,480
59$24,449,431$11,473,579$9,111,606$17,985,419
60$26,902,216$11,994,729$9,375,788$19,404,993
61$29,603,893$12,540,121$9,647,528$20,952,401
62$32,579,807$13,110,903$9,927,037$22,639,956
63$35,857,887$13,708,278$10,214,533$24,481,191
64$39,468,913$14,333,505$10,510,241$26,490,987
65$43,446,799$14,987,904$10,814,391$28,685,708
66$47,828,920$15,672,858$11,127,220$31,083,348
67$52,656,459$16,389,817$11,448,971$33,703,699
68$57,974,800$17,140,300$11,779,894$36,568,531
69$63,833,954$17,925,900$12,120,245$39,701,791
70$70,289,033$18,748,284$12,470,289$43,129,823
71$77,400,766$19,609,202$12,830,295$46,881,615
72$85,236,076$20,510,485$13,200,542$50,989,060
73$93,868,712$21,454,055$13,581,317$55,487,254
74$103,379,942$22,441,924$13,972,911$60,414,817
75$113,859,320$23,476,203$14,375,628$65,814,257
76$125,405,535$24,559,102$14,789,777$71,732,355
77$138,127,341$25,692,938$15,215,675$78,220,604
78$152,144,579$26,880,142$15,653,650$85,335,686
79$167,589,316$28,123,258$16,104,036$93,139,995
80$184,607,084$29,424,956$16,567,180$101,702,221
81$203,358,260$30,788,032$17,043,434$111,097,986
82$224,019,575$32,215,419$17,533,161$121,410,548
83$246,785,786$33,710,189$18,036,736$132,731,578
84$271,871,511$35,275,563$18,554,542$145,162,012
85$299,513,258$36,914,918$19,086,972$158,812,994
86$329,971,654$38,631,793$19,634,430$173,806,910
87$363,533,911$40,429,899$20,197,331$190,278,534
88$400,516,530$42,313,124$20,776,101$208,376,287
89$441,268,294$44,285,545$21,371,179$228,263,621
90$486,173,558$46,351,435$21,983,012$250,120,549
91$535,655,881$48,515,276$22,612,063$274,145,329
92$590,182,018$50,781,761$23,258,804$300,556,320
93$650,266,332$53,155,816$23,923,722$329,594,026
94$716,475,648$55,642,600$24,607,316$361,523,347
95$789,434,601$58,247,525$25,310,098$396,636,066
96$869,831,538$60,976,261$26,032,595$435,253,579
97$958,425,013$63,834,756$26,775,344$477,729,910
98$1,056,050,947$66,829,242$27,538,902$524,455,037
99$1,163,630,525$69,966,256$28,323,836$575,858,543
100$1,282,178,885$73,252,649$29,130,731$632,413,653