Can I retire at age 45 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$495,474$491,061$486,755$482,552$478,448$476,032
2 years$245,284$240,716$236,289$231,996$227,833$225,394
3 years$161,899$157,311$152,895$148,642$144,546$142,161
4 years$120,214$115,640$111,268$107,088$103,092$100,778
5 years$95,210$90,663$86,349$82,254$78,369$76,133
6 years$78,545$74,033$69,782$65,779$62,010$59,856
7 years$66,647$62,173$57,990$54,081$50,431$48,359
8 years$57,728$53,294$49,180$45,367$41,837$39,848
9 years$50,794$46,402$42,359$38,643$35,233$33,326
10 years$45,250$40,901$36,929$33,310$30,020$28,194
11 years$40,717$36,412$32,512$28,990$25,819$24,073
12 years$36,942$32,681$28,853$25,428$22,374$20,706
13 years$33,751$29,534$25,779$22,449$19,510$17,920
14 years$31,018$26,846$23,162$19,928$17,103$15,587
15 years$28,651$24,524$20,912$17,772$15,059$13,616
16 years$26,582$22,500$18,960$15,913$13,309$11,938
17 years$24,759$20,722$17,253$14,298$11,801$10,499
18 years$23,140$19,148$15,750$12,885$10,492$9,258
19 years$21,693$17,746$14,418$11,643$9,352$8,182
20 years$20,392$16,491$13,232$10,545$8,354$7,246
21 years$19,217$15,360$12,171$9,570$7,475$6,428
22 years$18,150$14,338$11,218$8,701$6,701$5,711
23 years$17,177$13,410$10,357$7,925$6,015$5,081
24 years$16,287$12,565$9,579$7,228$5,406$4,526
25 years$15,469$11,791$8,872$6,601$4,865$4,036
26 years$14,715$11,082$8,228$6,035$4,382$3,602
27 years$14,018$10,429$7,641$5,524$3,951$3,217
28 years$13,373$9,828$7,103$5,061$3,565$2,876
29 years$12,773$9,271$6,610$4,641$3,219$2,572
30 years$12,213$8,756$6,157$4,260$2,909$2,302
31 years$11,691$8,277$5,740$3,912$2,630$2,061
32 years$11,203$7,832$5,355$3,595$2,379$1,846
33 years$10,745$7,417$5,000$3,306$2,153$1,655
34 years$10,315$7,029$4,672$3,042$1,949$1,483
35 years$9,911$6,667$4,368$2,800$1,765$1,330
36 years$9,529$6,328$4,086$2,579$1,599$1,193
37 years$9,170$6,010$3,825$2,376$1,450$1,071
38 years$8,830$5,712$3,582$2,190$1,314$961
39 years$8,508$5,432$3,356$2,020$1,192$862
40 years$8,203$5,168$3,145$1,863$1,081$774
41 years$7,914$4,919$2,949$1,719$981$695
42 years$7,639$4,685$2,766$1,586$890$624
43 years$7,378$4,464$2,596$1,464$808$561
44 years$7,129$4,255$2,437$1,352$733$504
45 years$6,892$4,057$2,288$1,248$666$453
46 years$6,666$3,871$2,149$1,153$604$407
47 years$6,450$3,694$2,019$1,065$549$366
48 years$6,244$3,526$1,897$985$498$328
49 years$6,047$3,367$1,783$910$453$295
50 years$5,858$3,217$1,677$841$411$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,000,000, adding $2,293 every year, while hoping to spend $57,083 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: 86/9/5 Blend
44$6,000,000$6,000,000$6,000,000$6,000,000
45$6,614,365$6,296,365$6,203,365$7,183,343
46$7,228,295$6,544,151$6,350,442$7,802,089
47$7,902,932$6,802,166$6,500,533$8,473,751
48$8,644,408$7,070,849$6,653,678$9,209,928
49$9,459,480$7,350,663$6,809,918$10,017,070
50$10,355,589$7,642,087$6,969,293$10,902,276
51$11,340,935$7,945,626$7,131,840$11,873,368
52$12,424,553$8,261,804$7,297,599$12,938,960
53$13,616,395$8,591,170$7,466,607$14,108,538
54$14,927,428$8,934,298$7,638,898$15,392,551
55$16,369,734$9,291,787$7,814,510$16,802,509
56$17,956,627$9,664,264$7,993,476$18,351,089
57$19,702,773$10,052,384$8,175,828$20,052,257
58$21,624,336$10,456,831$8,361,598$21,921,396
59$23,739,122$10,878,319$8,550,815$23,975,453
60$26,066,753$11,317,597$8,743,508$26,233,093
61$28,628,849$11,775,447$8,939,703$28,714,884
62$31,449,232$12,252,685$9,139,424$31,443,480
63$34,554,152$12,750,165$9,342,693$34,443,841
64$37,972,533$13,268,780$9,549,530$37,743,463
65$41,736,245$13,809,463$9,759,953$41,372,641
66$45,880,406$14,373,192$9,973,976$45,364,751
67$50,443,715$14,960,985$10,191,612$49,756,563
68$55,468,812$15,573,911$10,412,868$54,588,592
69$61,002,683$16,213,085$10,637,752$59,905,473
70$67,097,105$16,879,675$10,866,265$65,756,386
71$73,809,130$17,574,900$11,098,406$72,195,516
72$81,201,628$18,300,037$11,334,169$79,282,567
73$89,343,876$19,056,420$11,573,545$87,083,320
74$98,312,213$19,845,446$11,816,520$95,670,255
75$108,190,761$20,668,575$12,063,076$105,123,233
76$119,072,218$21,527,335$12,313,189$115,530,248
77$131,058,733$22,423,323$12,566,829$126,988,260
78$144,262,868$23,358,210$12,823,962$139,604,103
79$158,808,664$24,333,746$13,084,548$153,495,495
80$174,832,807$25,351,758$13,348,540$168,792,147
81$192,485,921$26,414,162$13,615,883$185,636,988
82$211,933,987$27,522,959$13,886,518$204,187,507
83$233,359,914$28,680,243$14,160,376$224,617,245
84$256,965,257$29,888,207$14,437,381$247,117,425
85$282,972,128$31,149,145$14,717,448$271,898,758
86$311,625,288$32,465,455$15,000,485$299,193,430
87$343,194,455$33,839,650$15,286,389$329,257,293
88$377,976,853$35,274,357$15,575,047$362,372,275
89$416,300,018$36,772,326$15,866,337$398,849,041
90$458,524,886$38,336,436$16,160,125$439,029,923
91$505,049,201$39,969,699$16,456,267$483,292,149
92$556,311,272$41,675,267$16,754,604$532,051,403
93$612,794,107$43,456,440$17,054,968$585,765,744
94$675,029,972$45,316,671$17,357,176$644,939,930
95$743,605,418$47,259,577$17,661,030$710,130,178
96$819,166,814$49,288,939$17,966,318$781,949,413
97$902,426,452$51,408,721$18,272,813$861,073,050
98$994,169,270$53,623,067$18,580,271$948,245,370
99$1,095,260,257$55,936,319$18,888,432$1,044,286,539
100$1,206,652,625$58,353,020$19,197,016$1,150,100,349