Can I retire at age 45 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$511,990$507,430$502,980$498,637$494,397$481,468
2 years$253,460$248,740$244,165$239,729$235,427$222,490
3 years$167,295$162,554$157,991$153,597$149,365$136,824
4 years$124,221$119,495$114,977$110,658$106,528$94,480
5 years$98,383$93,685$89,227$84,996$80,981$69,459
6 years$81,164$76,501$72,109$67,972$64,077$53,092
7 years$68,869$64,245$59,923$55,883$52,112$41,665
8 years$59,652$55,070$50,819$46,879$43,232$33,317
9 years$52,487$47,949$43,770$39,931$36,408$27,017
10 years$46,758$42,264$38,160$34,421$31,021$22,143
11 years$42,074$37,625$33,596$29,956$26,679$18,300
12 years$38,174$33,771$29,815$26,276$23,120$15,225
13 years$34,876$30,519$26,638$23,198$20,161$12,734
14 years$32,052$27,741$23,934$20,592$17,673$10,697
15 years$29,606$25,342$21,609$18,365$15,561$9,017
16 years$27,468$23,250$19,592$16,443$13,752$7,624
17 years$25,584$21,413$17,828$14,774$12,194$6,462
18 years$23,911$19,786$16,275$13,315$10,842$5,488
19 years$22,416$18,338$14,899$12,031$9,664$4,669
20 years$21,072$17,040$13,673$10,896$8,632$3,978
21 years$19,857$15,872$12,577$9,889$7,725$3,394
22 years$18,755$14,816$11,591$8,991$6,924$2,898
23 years$17,750$13,857$10,703$8,189$6,215$2,477
24 years$16,830$12,984$9,898$7,469$5,587$2,119
25 years$15,985$12,184$9,168$6,821$5,027$1,813
26 years$15,206$11,451$8,503$6,237$4,528$1,553
27 years$14,486$10,777$7,895$5,708$4,083$1,330
28 years$13,818$10,155$7,340$5,230$3,684$1,140
29 years$13,198$9,580$6,830$4,796$3,326$978
30 years$12,621$9,048$6,362$4,402$3,006$838
31 years$12,081$8,553$5,931$4,043$2,717$719
32 years$11,576$8,093$5,534$3,715$2,458$617
33 years$11,103$7,664$5,167$3,416$2,224$529
34 years$10,659$7,264$4,828$3,143$2,014$454
35 years$10,241$6,890$4,514$2,894$1,824$390
36 years$9,847$6,539$4,222$2,665$1,653$335
37 years$9,475$6,211$3,952$2,455$1,498$288
38 years$9,124$5,902$3,701$2,263$1,358$247
39 years$8,791$5,613$3,467$2,087$1,232$212
40 years$8,476$5,340$3,250$1,925$1,117$182
41 years$8,177$5,083$3,047$1,776$1,013$156
42 years$7,894$4,841$2,859$1,639$920$134
43 years$7,624$4,612$2,682$1,513$835$115
44 years$7,366$4,397$2,518$1,397$758$99
45 years$7,122$4,193$2,364$1,290$688$85
46 years$6,888$4,000$2,221$1,192$624$73
47 years$6,665$3,817$2,086$1,101$567$63
48 years$6,452$3,644$1,960$1,017$515$54
49 years$6,248$3,480$1,843$940$468$46
50 years$6,053$3,324$1,732$869$425$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,200,000, adding $4,039 every year, while hoping to spend $45,153 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: 23/47/30 Blend
44$6,200,000$6,200,000$6,200,000$6,200,000
45$6,836,566$6,507,966$6,411,866$6,929,182
46$7,485,854$6,778,814$6,578,621$7,281,941
47$8,199,855$7,061,420$6,749,449$7,655,296
48$8,985,123$7,356,313$6,924,439$8,054,065
49$9,848,879$7,664,045$7,103,681$8,480,379
50$10,799,077$7,985,196$7,287,266$8,936,567
51$11,844,481$8,320,369$7,475,289$9,425,179
52$12,994,750$8,670,199$7,667,843$9,949,004
53$14,260,524$9,035,348$7,865,024$10,511,095
54$15,653,526$9,416,508$8,066,931$11,114,797
55$17,186,674$9,814,406$8,273,662$11,763,771
56$18,874,204$10,229,801$8,485,319$12,462,031
57$20,731,797$10,663,486$8,702,002$13,213,976
58$22,776,737$11,116,293$8,923,815$14,024,428
59$25,028,065$11,589,092$9,150,863$14,898,674
60$27,506,763$12,082,793$9,383,253$15,842,515
61$30,235,953$12,598,350$9,621,092$16,862,314
62$33,241,110$13,136,759$9,864,488$17,965,054
63$36,550,307$13,699,064$10,113,553$19,158,400
64$40,194,479$14,286,359$10,368,397$20,450,765
65$44,207,711$14,899,786$10,629,134$21,851,387
66$48,627,565$15,540,543$10,895,877$23,370,414
67$53,495,430$16,209,883$11,168,743$25,018,989
68$58,856,915$16,909,118$11,447,846$26,809,355
69$64,762,277$17,639,622$11,733,306$28,754,964
70$71,266,897$18,402,831$12,025,240$30,870,600
71$78,431,804$19,200,253$12,323,769$33,172,508
72$86,324,244$20,033,462$12,629,012$35,678,550
73$95,018,325$20,904,109$12,941,091$38,408,358
74$104,595,705$21,813,922$13,260,128$41,383,521
75$115,146,371$22,764,708$13,586,247$44,627,777
76$126,769,486$23,758,364$13,919,571$48,167,231
77$139,574,321$24,796,871$14,260,224$52,030,596
78$153,681,291$25,882,307$14,608,331$56,249,455
79$169,223,090$27,016,847$14,964,017$60,858,553
80$186,345,940$28,202,768$15,327,407$65,896,112
81$205,210,977$29,442,455$15,698,626$71,404,190
82$225,995,767$30,738,405$16,077,801$77,429,061
83$248,895,984$32,093,236$16,465,056$84,021,652
84$274,127,255$33,509,685$16,860,516$91,238,004
85$301,927,199$34,990,623$17,264,307$99,139,798
86$332,557,664$36,539,054$17,676,551$107,794,922
87$366,307,203$38,158,126$18,097,374$117,278,103
88$403,493,799$39,851,135$18,526,897$127,671,600
89$444,467,860$41,621,534$18,965,241$139,065,969
90$489,615,533$43,472,940$19,412,528$151,560,903
91$539,362,344$45,409,141$19,868,875$165,266,161
92$594,177,220$47,434,107$20,334,399$180,302,589
93$654,576,912$49,551,992$20,809,216$196,803,249
94$721,130,870$51,767,153$21,293,439$214,914,657
95$794,466,626$54,084,152$21,787,176$234,798,150
96$875,275,712$56,507,765$22,290,537$256,631,394
97$964,320,190$59,043,001$22,803,625$280,610,041
98$1,062,439,845$61,695,104$23,326,542$306,949,561
99$1,170,560,113$64,469,568$23,859,385$335,887,255
100$1,289,700,818$67,372,149$24,402,248$367,684,476