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%15.1%
1 years$495,474$491,061$486,755$482,552$478,448$468,405
2 years$245,284$240,716$236,289$231,996$227,833$217,762
3 years$161,899$157,311$152,895$148,642$144,546$134,762
4 years$120,214$115,640$111,268$107,088$103,092$93,669
5 years$95,210$90,663$86,349$82,254$78,369$69,334
6 years$78,545$74,033$69,782$65,779$62,010$53,374
7 years$66,647$62,173$57,990$54,081$50,431$42,195
8 years$57,728$53,294$49,180$45,367$41,837$33,998
9 years$50,794$46,402$42,359$38,643$35,233$27,786
10 years$45,250$40,901$36,929$33,310$30,020$22,958
11 years$40,717$36,412$32,512$28,990$25,819$19,131
12 years$36,942$32,681$28,853$25,428$22,374$16,052
13 years$33,751$29,534$25,779$22,449$19,510$13,543
14 years$31,018$26,846$23,162$19,928$17,103$11,478
15 years$28,651$24,524$20,912$17,772$15,059$9,764
16 years$26,582$22,500$18,960$15,913$13,309$8,332
17 years$24,759$20,722$17,253$14,298$11,801$7,129
18 years$23,140$19,148$15,750$12,885$10,492$6,113
19 years$21,693$17,746$14,418$11,643$9,352$5,251
20 years$20,392$16,491$13,232$10,545$8,354$4,518
21 years$19,217$15,360$12,171$9,570$7,475$3,893
22 years$18,150$14,338$11,218$8,701$6,701$3,358
23 years$17,177$13,410$10,357$7,925$6,015$2,899
24 years$16,287$12,565$9,579$7,228$5,406$2,506
25 years$15,469$11,791$8,872$6,601$4,865$2,167
26 years$14,715$11,082$8,228$6,035$4,382$1,875
27 years$14,018$10,429$7,641$5,524$3,951$1,623
28 years$13,373$9,828$7,103$5,061$3,565$1,406
29 years$12,773$9,271$6,610$4,641$3,219$1,219
30 years$12,213$8,756$6,157$4,260$2,909$1,056
31 years$11,691$8,277$5,740$3,912$2,630$916
32 years$11,203$7,832$5,355$3,595$2,379$794
33 years$10,745$7,417$5,000$3,306$2,153$689
34 years$10,315$7,029$4,672$3,042$1,949$598
35 years$9,911$6,667$4,368$2,800$1,765$519
36 years$9,529$6,328$4,086$2,579$1,599$450
37 years$9,170$6,010$3,825$2,376$1,450$391
38 years$8,830$5,712$3,582$2,190$1,314$339
39 years$8,508$5,432$3,356$2,020$1,192$295
40 years$8,203$5,168$3,145$1,863$1,081$256
41 years$7,914$4,919$2,949$1,719$981$222
42 years$7,639$4,685$2,766$1,586$890$193
43 years$7,378$4,464$2,596$1,464$808$168
44 years$7,129$4,255$2,437$1,352$733$146
45 years$6,892$4,057$2,288$1,248$666$126
46 years$6,666$3,871$2,149$1,153$604$110
47 years$6,450$3,694$2,019$1,065$549$95
48 years$6,244$3,526$1,897$985$498$83
49 years$6,047$3,367$1,783$910$453$72
50 years$5,858$3,217$1,677$841$411$63

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 $4,018 every year, while hoping to spend $40,863 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: 65/5/30 Blend
44$6,000,000$6,000,000$6,000,000$6,000,000
45$6,616,145$6,298,145$6,205,145$6,993,061
46$7,247,513$6,563,276$6,369,539$7,513,939
47$7,941,912$6,840,029$6,538,071$8,078,214
48$8,705,727$7,128,930$6,710,836$8,694,165
49$9,545,994$7,430,530$6,887,932$9,366,890
50$10,470,465$7,745,406$7,069,457$10,102,004
51$11,487,681$8,074,160$7,255,513$10,905,688
52$12,607,055$8,417,423$7,446,203$11,784,749
53$13,838,955$8,775,857$7,641,631$12,746,681
54$15,194,806$9,150,153$7,841,904$13,799,738
55$16,687,200$9,541,034$8,047,131$14,953,011
56$18,330,007$9,949,257$8,257,422$16,216,508
57$20,138,513$10,375,616$8,472,891$17,601,257
58$22,129,560$10,820,940$8,693,652$19,119,400
59$24,321,707$11,286,098$8,919,821$20,784,313
60$26,735,404$11,771,999$9,151,517$22,610,728
61$29,393,183$12,279,595$9,388,861$24,614,873
62$32,319,874$12,809,882$9,631,975$26,814,626
63$35,542,839$13,363,904$9,880,984$29,229,676
64$39,092,226$13,942,752$10,136,014$31,881,718
65$43,001,257$14,547,571$10,397,195$34,794,647
66$47,306,540$15,179,557$10,664,656$37,994,790
67$52,048,416$15,839,964$10,938,530$41,511,149
68$57,271,336$16,530,103$11,218,952$45,375,676
69$63,024,284$17,251,350$11,506,059$49,623,573
70$69,361,238$18,005,143$11,799,989$54,293,623
71$76,341,678$18,792,989$12,100,883$59,428,554
72$84,031,149$19,616,466$12,408,882$65,075,443
73$92,501,879$20,477,226$12,724,133$71,286,159
74$101,833,460$21,376,999$13,046,780$78,117,849
75$112,113,597$22,317,596$13,376,972$85,633,480
76$123,438,943$23,300,917$13,714,859$93,902,427
77$135,916,001$24,328,948$14,060,592$103,001,132
78$149,662,137$25,403,770$14,414,326$113,013,821
79$164,806,683$26,527,563$14,776,215$124,033,297
80$181,492,163$27,702,612$15,146,415$136,161,819
81$199,875,630$28,931,306$15,525,087$149,512,058
82$220,130,155$30,216,151$15,912,389$164,208,167
83$242,446,460$31,559,771$16,308,482$180,386,947
84$267,034,712$32,964,914$16,713,530$198,199,138
85$294,126,516$34,434,458$17,127,697$217,810,837
86$323,977,094$35,971,419$17,551,147$239,405,072
87$356,867,695$37,578,956$17,984,048$263,183,519
88$393,108,252$39,260,378$18,426,566$289,368,409
89$433,040,309$41,019,151$18,878,871$318,204,622
90$477,040,238$42,858,907$19,341,131$349,962,000
91$525,522,799$44,783,450$19,813,515$384,937,886
92$578,945,051$46,796,766$20,296,195$423,459,934
93$637,810,670$48,903,031$20,789,341$465,889,200
94$702,674,698$51,106,619$21,293,124$512,623,543
95$774,148,788$53,412,115$21,807,714$564,101,384
96$852,906,976$55,824,319$22,333,284$620,805,840
97$939,692,041$58,348,265$22,870,003$683,269,282
98$1,035,322,523$60,989,223$23,418,041$752,078,358
99$1,140,700,443$63,752,718$23,977,569$827,879,531
100$1,256,819,824$66,644,538$24,548,754$911,385,174