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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$511,990$507,430$502,980$498,637$494,397$483,230
2 years$253,460$248,740$244,165$239,729$235,427$224,237
3 years$167,295$162,554$157,991$153,597$149,365$138,500
4 years$124,221$119,495$114,977$110,658$106,528$96,073
5 years$98,383$93,685$89,227$84,996$80,981$70,965
6 years$81,164$76,501$72,109$67,972$64,077$54,510
7 years$68,869$64,245$59,923$55,883$52,112$42,996
8 years$59,652$55,070$50,819$46,879$43,232$34,563
9 years$52,487$47,949$43,770$39,931$36,408$28,180
10 years$46,758$42,264$38,160$34,421$31,021$23,225
11 years$42,074$37,625$33,596$29,956$26,679$19,305
12 years$38,174$33,771$29,815$26,276$23,120$16,156
13 years$34,876$30,519$26,638$23,198$20,161$13,594
14 years$32,052$27,741$23,934$20,592$17,673$11,490
15 years$29,606$25,342$21,609$18,365$15,561$9,747
16 years$27,468$23,250$19,592$16,443$13,752$8,294
17 years$25,584$21,413$17,828$14,774$12,194$7,076
18 years$23,911$19,786$16,275$13,315$10,842$6,050
19 years$22,416$18,338$14,899$12,031$9,664$5,182
20 years$21,072$17,040$13,673$10,896$8,632$4,445
21 years$19,857$15,872$12,577$9,889$7,725$3,818
22 years$18,755$14,816$11,591$8,991$6,924$3,283
23 years$17,750$13,857$10,703$8,189$6,215$2,826
24 years$16,830$12,984$9,898$7,469$5,587$2,434
25 years$15,985$12,184$9,168$6,821$5,027$2,099
26 years$15,206$11,451$8,503$6,237$4,528$1,810
27 years$14,486$10,777$7,895$5,708$4,083$1,562
28 years$13,818$10,155$7,340$5,230$3,684$1,349
29 years$13,198$9,580$6,830$4,796$3,326$1,165
30 years$12,621$9,048$6,362$4,402$3,006$1,007
31 years$12,081$8,553$5,931$4,043$2,717$870
32 years$11,576$8,093$5,534$3,715$2,458$752
33 years$11,103$7,664$5,167$3,416$2,224$650
34 years$10,659$7,264$4,828$3,143$2,014$562
35 years$10,241$6,890$4,514$2,894$1,824$486
36 years$9,847$6,539$4,222$2,665$1,653$421
37 years$9,475$6,211$3,952$2,455$1,498$364
38 years$9,124$5,902$3,701$2,263$1,358$315
39 years$8,791$5,613$3,467$2,087$1,232$272
40 years$8,476$5,340$3,250$1,925$1,117$236
41 years$8,177$5,083$3,047$1,776$1,013$204
42 years$7,894$4,841$2,859$1,639$920$177
43 years$7,624$4,612$2,682$1,513$835$153
44 years$7,366$4,397$2,518$1,397$758$132
45 years$7,122$4,193$2,364$1,290$688$115
46 years$6,888$4,000$2,221$1,192$624$99
47 years$6,665$3,817$2,086$1,101$567$86
48 years$6,452$3,644$1,960$1,017$515$74
49 years$6,248$3,480$1,843$940$468$64
50 years$6,053$3,324$1,732$869$425$56

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 $4,988 every year, while hoping to spend $51,351 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: 85/10/5 Blend
44$6,200,000$6,200,000$6,200,000$6,200,000
45$6,837,545$6,508,945$6,412,845$7,418,421
46$7,480,338$6,773,246$6,573,038$8,062,104
47$8,186,974$7,048,777$6,736,877$8,761,540
48$8,963,912$7,336,034$6,904,429$9,528,255
49$9,818,266$7,635,535$7,075,763$10,368,971
50$10,757,876$7,947,823$7,250,947$11,291,091
51$11,791,377$8,273,464$7,430,052$12,302,769
52$12,928,286$8,613,052$7,613,147$13,412,983
53$14,179,087$8,967,207$7,800,303$14,631,623
54$15,555,331$9,336,577$7,991,590$15,969,582
55$17,069,745$9,721,841$8,187,079$17,438,856
56$18,736,355$10,123,707$8,386,843$19,052,660
57$20,570,613$10,542,918$8,590,951$20,825,551
58$22,589,544$10,980,249$8,799,476$22,773,561
59$24,811,908$11,436,512$9,012,490$24,914,352
60$27,258,378$11,912,557$9,230,064$27,267,381
61$29,951,732$12,409,271$9,452,270$29,854,081
62$32,917,066$12,927,583$9,679,179$32,698,062
63$36,182,039$13,468,466$9,910,862$35,825,336
64$39,777,122$14,032,936$10,147,392$39,264,558
65$43,735,896$14,622,058$10,388,837$43,047,298
66$48,095,362$15,236,944$10,635,268$47,208,335
67$52,896,294$15,878,759$10,886,754$51,785,988
68$58,183,620$16,548,722$11,143,364$56,822,474
69$64,006,848$17,248,108$11,405,166$62,364,303
70$70,420,533$17,978,252$11,672,225$68,462,722
71$77,484,791$18,740,549$11,944,608$75,174,191
72$85,265,866$19,536,463$12,222,379$82,560,917
73$93,836,756$20,367,521$12,505,601$90,691,443
74$103,277,901$21,235,325$12,794,334$99,641,287
75$113,677,940$22,141,550$13,088,638$109,493,658
76$125,134,554$23,087,950$13,388,571$120,340,239
77$137,755,378$24,076,359$13,694,188$132,282,049
78$151,659,025$25,108,699$14,005,541$145,430,396
79$166,976,200$26,186,980$14,322,682$159,907,927
80$183,850,938$27,313,308$14,645,657$175,849,783
81$202,441,959$28,489,885$14,974,512$193,404,870
82$222,924,169$29,719,019$15,309,288$212,737,266
83$245,490,307$31,003,124$15,650,022$234,027,768
84$270,352,769$32,344,728$15,996,749$257,475,594
85$297,745,610$33,746,478$16,349,498$283,300,261
86$327,926,751$35,211,144$16,708,295$311,743,659
87$361,180,418$36,741,629$17,073,162$343,072,326
88$397,819,821$38,340,969$17,444,113$377,579,967
89$438,190,112$40,012,346$17,821,160$415,590,220
90$482,671,642$41,759,089$18,204,307$457,459,711
91$531,683,550$43,584,685$18,593,553$503,581,413
92$585,687,725$45,492,787$18,988,889$554,388,361
93$645,193,158$47,487,219$19,390,302$610,357,727
94$710,760,751$49,571,984$19,797,768$672,015,329
95$783,008,612$51,751,276$20,211,258$739,940,587
96$862,617,889$54,029,486$20,630,733$814,771,991
97$950,339,197$56,411,215$21,056,147$897,213,124
98$1,046,999,709$58,901,278$21,487,441$988,039,301
99$1,153,510,959$61,504,721$21,924,550$1,088,104,883
100$1,270,877,452$64,226,826$22,367,397$1,198,351,340