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%16.7%
1 years$495,474$491,061$486,755$482,552$478,448$465,372
2 years$245,284$240,716$236,289$231,996$227,833$214,754
3 years$161,899$157,311$152,895$148,642$144,546$131,875
4 years$120,214$115,640$111,268$107,088$103,092$90,925
5 years$95,210$90,663$86,349$82,254$78,369$66,740
6 years$78,545$74,033$69,782$65,779$62,010$50,930
7 years$66,647$62,173$57,990$54,081$50,431$39,900
8 years$57,728$53,294$49,180$45,367$41,837$31,850
9 years$50,794$46,402$42,359$38,643$35,233$25,781
10 years$45,250$40,901$36,929$33,310$30,020$21,090
11 years$40,717$36,412$32,512$28,990$25,819$17,397
12 years$36,942$32,681$28,853$25,428$22,374$14,444
13 years$33,751$29,534$25,779$22,449$19,510$12,057
14 years$31,018$26,846$23,162$19,928$17,103$10,107
15 years$28,651$24,524$20,912$17,772$15,059$8,502
16 years$26,582$22,500$18,960$15,913$13,309$7,173
17 years$24,759$20,722$17,253$14,298$11,801$6,067
18 years$23,140$19,148$15,750$12,885$10,492$5,141
19 years$21,693$17,746$14,418$11,643$9,352$4,364
20 years$20,392$16,491$13,232$10,545$8,354$3,710
21 years$19,217$15,360$12,171$9,570$7,475$3,157
22 years$18,150$14,338$11,218$8,701$6,701$2,690
23 years$17,177$13,410$10,357$7,925$6,015$2,294
24 years$16,287$12,565$9,579$7,228$5,406$1,957
25 years$15,469$11,791$8,872$6,601$4,865$1,671
26 years$14,715$11,082$8,228$6,035$4,382$1,428
27 years$14,018$10,429$7,641$5,524$3,951$1,220
28 years$13,373$9,828$7,103$5,061$3,565$1,043
29 years$12,773$9,271$6,610$4,641$3,219$892
30 years$12,213$8,756$6,157$4,260$2,909$763
31 years$11,691$8,277$5,740$3,912$2,630$653
32 years$11,203$7,832$5,355$3,595$2,379$559
33 years$10,745$7,417$5,000$3,306$2,153$478
34 years$10,315$7,029$4,672$3,042$1,949$410
35 years$9,911$6,667$4,368$2,800$1,765$351
36 years$9,529$6,328$4,086$2,579$1,599$300
37 years$9,170$6,010$3,825$2,376$1,450$257
38 years$8,830$5,712$3,582$2,190$1,314$220
39 years$8,508$5,432$3,356$2,020$1,192$189
40 years$8,203$5,168$3,145$1,863$1,081$162
41 years$7,914$4,919$2,949$1,719$981$138
42 years$7,639$4,685$2,766$1,586$890$119
43 years$7,378$4,464$2,596$1,464$808$102
44 years$7,129$4,255$2,437$1,352$733$87
45 years$6,892$4,057$2,288$1,248$666$75
46 years$6,666$3,871$2,149$1,153$604$64
47 years$6,450$3,694$2,019$1,065$549$55
48 years$6,244$3,526$1,897$985$498$47
49 years$6,047$3,367$1,783$910$453$40
50 years$5,858$3,217$1,677$841$411$34

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 $4,290 every year, while hoping to spend $39,796 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: 78/12/10 Blend
44$6,000,000$6,000,000$6,000,000$6,000,000
45$6,616,425$6,298,425$6,205,425$7,120,998
46$7,248,958$6,564,705$6,370,964$7,719,478
47$7,944,675$6,842,699$6,540,715$8,370,145
48$8,709,980$7,132,940$6,714,777$9,082,617
49$9,551,926$7,435,982$6,893,250$9,863,039
50$10,478,288$7,752,410$7,076,239$10,718,176
51$11,497,628$8,082,833$7,263,848$11,655,477
52$12,619,383$8,427,889$7,456,184$12,683,145
53$13,853,951$8,788,246$7,653,357$13,810,212
54$15,212,787$9,164,604$7,855,478$15,046,626
55$16,708,516$9,557,694$8,062,661$16,403,340
56$18,355,045$9,968,281$8,275,021$17,892,420
57$20,167,702$10,397,169$8,492,676$19,527,152
58$22,163,373$10,845,197$8,715,747$21,322,170
59$24,360,668$11,313,242$8,944,355$23,293,593
60$26,780,091$11,802,226$9,178,626$25,459,174
61$29,444,236$12,313,110$9,418,685$27,838,470
62$32,378,000$12,846,905$9,664,663$30,453,020
63$35,608,817$13,404,664$9,916,690$33,326,554
64$39,166,918$13,987,494$10,174,901$36,485,208
65$43,085,614$14,596,552$10,439,430$39,957,777
66$47,401,613$15,233,049$10,710,417$43,775,979
67$52,155,363$15,898,254$10,988,002$47,974,757
68$57,391,438$16,593,496$11,272,328$52,592,607
69$63,158,953$17,320,166$11,563,539$57,671,936
70$69,512,033$18,079,721$11,861,785$63,259,468
71$76,510,320$18,873,686$12,167,214$69,406,675
72$84,219,535$19,703,660$12,479,978$76,170,267
73$92,712,103$20,571,315$12,800,233$83,612,723
74$102,067,832$21,478,403$13,128,135$91,802,879
75$112,374,666$22,426,761$13,463,843$100,816,579
76$123,729,519$23,418,309$13,807,519$110,737,382
77$136,239,185$24,455,061$14,159,326$121,657,357
78$150,021,349$25,539,126$14,519,430$133,677,942
79$165,205,695$26,672,711$14,887,999$146,910,905
80$181,935,132$27,858,130$15,265,203$161,479,394
81$200,367,143$29,097,807$15,651,215$177,519,098
82$220,675,271$30,394,278$16,046,210$195,179,525
83$243,050,753$31,750,202$16,450,363$214,625,410
84$267,704,333$33,168,365$16,863,853$236,038,267
85$294,868,244$34,651,684$17,286,861$259,618,101
86$324,798,403$36,203,214$17,719,569$285,585,292
87$357,776,826$37,826,158$18,162,161$314,182,673
88$394,114,292$39,523,869$18,614,822$345,677,818
89$434,153,272$41,299,861$19,077,741$380,365,564
90$478,271,167$43,157,816$19,551,107$418,570,793
91$526,883,866$45,101,589$20,035,109$460,651,492
92$580,449,676$47,135,222$20,529,941$507,002,132
93$639,473,643$49,262,949$21,035,794$558,057,385
94$704,512,325$51,489,204$21,552,864$614,296,223
95$776,179,043$53,818,635$22,081,345$676,246,439
96$855,149,669$56,256,112$22,621,434$744,489,620
97$942,169,010$58,806,736$23,173,327$819,666,634
98$1,038,057,838$61,475,855$23,737,222$902,483,677
99$1,143,720,635$64,269,069$24,313,316$993,718,935
100$1,260,154,135$67,192,250$24,901,808$1,094,229,918