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

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$487,216$482,877$478,642$474,510$470,474$454,868
2 years$241,196$236,704$232,351$228,130$224,035$208,464
3 years$159,200$154,689$150,346$146,165$142,137$127,089
4 years$118,210$113,713$109,414$105,304$101,373$86,964
5 years$93,623$89,152$84,909$80,883$77,063$63,330
6 years$77,236$72,799$68,619$64,683$60,977$47,933
7 years$65,536$61,137$57,023$53,179$49,591$37,233
8 years$56,765$52,406$48,360$44,611$41,140$29,460
9 years$49,947$45,628$41,653$37,999$34,646$23,629
10 years$44,496$40,219$36,314$32,755$29,520$19,149
11 years$40,038$35,805$31,970$28,507$25,388$15,643
12 years$36,327$32,136$28,373$25,004$22,001$12,861
13 years$33,188$29,042$25,349$22,075$19,185$10,626
14 years$30,501$26,398$22,776$19,596$16,818$8,816
15 years$28,174$24,115$20,564$17,476$14,808$7,338
16 years$26,139$22,125$18,644$15,648$13,087$6,125
17 years$24,346$20,377$16,965$14,059$11,604$5,123
18 years$22,754$18,829$15,487$12,670$10,318$4,293
19 years$21,331$17,450$14,178$11,449$9,196$3,604
20 years$20,052$16,216$13,012$10,369$8,214$3,028
21 years$18,897$15,104$11,968$9,411$7,351$2,548
22 years$17,847$14,099$11,031$8,556$6,589$2,145
23 years$16,891$13,187$10,185$7,792$5,915$1,808
24 years$16,015$12,355$9,419$7,107$5,316$1,524
25 years$15,211$11,595$8,724$6,491$4,784$1,286
26 years$14,470$10,897$8,091$5,935$4,309$1,085
27 years$13,785$10,256$7,513$5,432$3,885$916
28 years$13,150$9,664$6,985$4,977$3,506$774
29 years$12,560$9,117$6,500$4,564$3,165$654
30 years$12,010$8,610$6,054$4,189$2,860$552
31 years$11,497$8,139$5,644$3,847$2,586$467
32 years$11,016$7,701$5,266$3,535$2,339$395
33 years$10,566$7,293$4,917$3,251$2,117$334
34 years$10,143$6,912$4,594$2,991$1,917$282
35 years$9,745$6,556$4,295$2,754$1,736$239
36 years$9,371$6,223$4,018$2,536$1,573$202
37 years$9,017$5,910$3,761$2,337$1,426$171
38 years$8,682$5,617$3,522$2,154$1,292$144
39 years$8,366$5,341$3,300$1,986$1,172$122
40 years$8,066$5,082$3,093$1,832$1,063$103
41 years$7,782$4,837$2,900$1,690$964$87
42 years$7,512$4,607$2,720$1,560$875$74
43 years$7,255$4,389$2,553$1,440$794$62
44 years$7,010$4,184$2,396$1,329$721$53
45 years$6,777$3,990$2,250$1,228$654$45
46 years$6,555$3,806$2,113$1,134$594$38
47 years$6,343$3,632$1,985$1,048$540$32
48 years$6,140$3,467$1,866$968$490$27
49 years$5,946$3,311$1,754$895$445$23
50 years$5,760$3,163$1,649$827$404$19

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 $3,485 every year, while hoping to spend $47,522 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: 59/25/16 Blend
44$5,900,000$5,900,000$5,900,000$5,900,000
45$6,505,395$6,192,695$6,101,245$6,862,334
46$7,118,382$6,445,574$6,255,073$7,356,854
47$7,792,301$6,709,251$6,412,463$7,890,322
48$8,533,317$6,984,206$6,573,481$8,470,976
49$9,348,222$7,270,938$6,738,200$9,103,376
50$10,244,500$7,569,973$6,906,688$9,792,537
51$11,230,394$7,881,857$7,079,018$10,543,974
52$12,314,990$8,207,164$7,255,260$11,363,756
53$13,508,296$8,546,492$7,435,489$12,258,561
54$14,821,340$8,900,468$7,619,776$13,235,734
55$16,266,274$9,269,748$7,808,195$14,303,360
56$17,856,485$9,655,017$8,000,821$15,470,337
57$19,606,726$10,056,993$8,197,728$16,746,456
58$21,533,252$10,476,425$8,398,991$18,142,496
59$23,653,972$10,914,098$8,604,686$19,670,319
60$25,988,621$11,370,833$8,814,887$21,342,985
61$28,558,947$11,847,490$9,029,672$23,174,870
62$31,388,909$12,344,967$9,249,116$25,181,803
63$34,504,911$12,864,204$9,473,295$27,381,209
64$37,936,048$13,406,185$9,702,286$29,792,275
65$41,714,376$13,971,940$9,936,164$32,436,129
66$45,875,223$14,562,545$10,175,006$35,336,033
67$50,457,515$15,179,129$10,418,887$38,517,605
68$55,504,145$15,822,870$10,667,884$42,009,056
69$61,062,381$16,495,004$10,922,071$45,841,454
70$67,184,306$17,196,821$11,181,523$50,049,015
71$73,927,315$17,929,675$11,446,314$54,669,422
72$81,354,653$18,694,981$11,716,517$59,744,180
73$89,536,011$19,494,219$11,992,204$65,319,001
74$98,548,189$20,328,940$12,273,447$71,444,236
75$108,475,812$21,200,766$12,560,316$78,175,347
76$119,412,139$22,111,398$12,852,880$85,573,424
77$131,459,932$23,062,611$13,151,207$93,705,759
78$144,732,434$24,056,268$13,455,361$102,646,480
79$159,354,435$25,094,318$13,765,408$112,477,245
80$175,463,447$26,178,799$14,081,409$123,288,006
81$193,211,007$27,311,848$14,403,425$135,177,861
82$212,764,102$28,495,701$14,731,511$148,255,977
83$234,306,748$29,732,698$15,065,725$162,642,621
84$258,041,726$31,025,290$15,406,117$178,470,289
85$284,192,496$32,376,044$15,752,736$195,884,952
86$313,005,307$33,787,646$16,105,628$215,047,426
87$344,751,516$35,262,909$16,464,835$236,134,892
88$379,730,159$36,804,779$16,830,395$259,342,552
89$418,270,764$38,416,342$17,202,342$284,885,476
90$460,736,466$40,100,827$17,580,705$313,000,619
91$507,527,436$41,861,618$17,965,509$343,949,055
92$559,084,655$43,702,257$18,356,773$378,018,435
93$615,894,076$45,626,454$18,754,511$415,525,691
94$678,491,215$47,638,095$19,158,731$456,820,026
95$747,466,206$49,741,248$19,569,435$502,286,200
96$823,469,365$51,940,175$19,986,618$552,348,154
97$907,217,337$54,239,340$20,410,266$607,473,006
98$999,499,857$56,643,419$20,840,361$668,175,447
99$1,101,187,203$59,157,308$21,276,874$735,022,596
100$1,213,238,417$61,786,135$21,719,769$808,639,343