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%13%
1 years$511,990$507,430$502,980$498,637$494,397$488,219
2 years$253,460$248,740$244,165$239,729$235,427$229,211
3 years$167,295$162,554$157,991$153,597$149,365$143,303
4 years$124,221$119,495$114,977$110,658$106,528$100,668
5 years$98,383$93,685$89,227$84,996$80,981$75,339
6 years$81,164$76,501$72,109$67,972$64,077$58,661
7 years$68,869$64,245$59,923$55,883$52,112$46,923
8 years$59,652$55,070$50,819$46,879$43,232$38,270
9 years$52,487$47,949$43,770$39,931$36,408$31,670
10 years$46,758$42,264$38,160$34,421$31,021$26,505
11 years$42,074$37,625$33,596$29,956$26,679$22,381
12 years$38,174$33,771$29,815$26,276$23,120$19,034
13 years$34,876$30,519$26,638$23,198$20,161$16,282
14 years$32,052$27,741$23,934$20,592$17,673$13,996
15 years$29,606$25,342$21,609$18,365$15,561$12,079
16 years$27,468$23,250$19,592$16,443$13,752$10,461
17 years$25,584$21,413$17,828$14,774$12,194$9,085
18 years$23,911$19,786$16,275$13,315$10,842$7,910
19 years$22,416$18,338$14,899$12,031$9,664$6,901
20 years$21,072$17,040$13,673$10,896$8,632$6,031
21 years$19,857$15,872$12,577$9,889$7,725$5,280
22 years$18,755$14,816$11,591$8,991$6,924$4,628
23 years$17,750$13,857$10,703$8,189$6,215$4,062
24 years$16,830$12,984$9,898$7,469$5,587$3,568
25 years$15,985$12,184$9,168$6,821$5,027$3,137
26 years$15,206$11,451$8,503$6,237$4,528$2,761
27 years$14,486$10,777$7,895$5,708$4,083$2,431
28 years$13,818$10,155$7,340$5,230$3,684$2,142
29 years$13,198$9,580$6,830$4,796$3,326$1,888
30 years$12,621$9,048$6,362$4,402$3,006$1,665
31 years$12,081$8,553$5,931$4,043$2,717$1,469
32 years$11,576$8,093$5,534$3,715$2,458$1,297
33 years$11,103$7,664$5,167$3,416$2,224$1,145
34 years$10,659$7,264$4,828$3,143$2,014$1,011
35 years$10,241$6,890$4,514$2,894$1,824$893
36 years$9,847$6,539$4,222$2,665$1,653$789
37 years$9,475$6,211$3,952$2,455$1,498$697
38 years$9,124$5,902$3,701$2,263$1,358$616
39 years$8,791$5,613$3,467$2,087$1,232$545
40 years$8,476$5,340$3,250$1,925$1,117$482
41 years$8,177$5,083$3,047$1,776$1,013$426
42 years$7,894$4,841$2,859$1,639$920$377
43 years$7,624$4,612$2,682$1,513$835$333
44 years$7,366$4,397$2,518$1,397$758$295
45 years$7,122$4,193$2,364$1,290$688$260
46 years$6,888$4,000$2,221$1,192$624$230
47 years$6,665$3,817$2,086$1,101$567$204
48 years$6,452$3,644$1,960$1,017$515$180
49 years$6,248$3,480$1,843$940$468$160
50 years$6,053$3,324$1,732$869$425$141

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 $5,334 every year, while hoping to spend $20,283 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: 51/29/20 Blend
44$6,200,000$6,200,000$6,200,000$6,200,000
45$6,837,902$6,509,302$6,413,202$7,148,440
46$7,513,787$6,806,677$6,606,463$7,660,688
47$8,257,933$7,117,943$6,805,519$8,214,797
48$9,077,280$7,443,761$7,010,542$8,816,833
49$9,979,477$7,784,820$7,221,710$9,471,340
50$10,972,952$8,141,844$7,439,206$10,183,315
51$12,066,993$8,515,594$7,663,218$10,958,245
52$13,271,831$8,906,863$7,893,941$11,802,165
53$14,598,744$9,316,486$8,131,575$12,721,706
54$16,060,158$9,745,335$8,376,324$13,724,162
55$17,669,764$10,194,327$8,628,402$14,817,549
56$19,442,652$10,664,421$8,888,025$16,010,684
57$21,395,448$11,156,623$9,155,419$17,313,264
58$23,546,472$11,671,986$9,430,814$18,735,956
59$25,915,914$12,211,616$9,714,448$20,290,490
60$28,526,023$12,776,670$10,006,568$21,989,773
61$31,401,313$13,368,362$10,307,423$23,848,006
62$34,568,800$13,987,965$10,617,275$25,880,811
63$38,058,254$14,636,812$10,936,390$28,105,383
64$41,902,480$15,316,300$11,265,044$30,540,639
65$46,137,630$16,027,896$11,603,520$33,207,402
66$50,803,540$16,773,134$11,952,109$36,128,588
67$55,944,108$17,553,625$12,311,112$39,329,421
68$61,607,710$18,371,056$12,680,837$42,837,667
69$67,847,655$19,227,196$13,061,604$46,683,890
70$74,722,687$20,123,899$13,453,739$50,901,737
71$82,297,541$21,063,111$13,857,579$55,528,252
72$90,643,554$22,046,867$14,273,472$60,604,220
73$99,839,338$23,077,305$14,701,774$66,174,545
74$109,971,522$24,156,664$15,142,855$72,288,672
75$121,135,568$25,287,291$15,597,091$79,001,046
76$133,436,675$26,471,648$16,064,874$86,371,620
77$146,990,772$27,712,315$16,546,603$94,466,417
78$161,925,609$29,011,997$17,042,692$103,358,141
79$178,381,966$30,373,529$17,553,567$113,126,866
80$196,514,978$31,799,884$18,079,664$123,860,775
81$216,495,607$33,294,179$18,621,433$135,656,994
82$238,512,247$34,859,682$19,179,340$148,622,494
83$262,772,509$36,499,819$19,753,860$162,875,096
84$289,505,175$38,218,180$20,345,484$178,544,577
85$318,962,364$40,018,532$20,954,719$195,773,882
86$351,421,908$41,904,823$21,582,085$214,720,466
87$387,189,975$43,881,191$22,228,117$235,557,772
88$426,603,960$45,951,978$22,893,367$258,476,858
89$470,035,671$48,121,731$23,578,401$283,688,187
90$517,894,836$50,395,223$24,283,805$311,423,610
91$570,632,976$52,777,456$25,010,179$341,938,533
92$628,747,661$55,273,672$25,758,141$375,514,327
93$692,787,213$57,889,373$26,528,329$412,460,962
94$763,355,878$60,630,322$27,321,398$453,119,928
95$841,119,536$63,502,566$28,138,023$497,867,440
96$926,811,979$66,512,442$28,978,897$547,117,977
97$1,021,241,846$69,666,597$29,844,736$601,328,179
98$1,125,300,254$72,972,000$30,736,274$661,001,144
99$1,239,969,209$76,435,957$31,654,268$726,691,158
100$1,366,330,880$80,066,130$32,599,497$799,008,915