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%12.4%
1 years$511,990$507,430$502,980$498,637$494,397$489,437
2 years$253,460$248,740$244,165$239,729$235,427$230,432
3 years$167,295$162,554$157,991$153,597$149,365$144,489
4 years$124,221$119,495$114,977$110,658$106,528$101,809
5 years$98,383$93,685$89,227$84,996$80,981$76,432
6 years$81,164$76,501$72,109$67,972$64,077$59,705
7 years$68,869$64,245$59,923$55,883$52,112$47,918
8 years$59,652$55,070$50,819$46,879$43,232$39,216
9 years$52,487$47,949$43,770$39,931$36,408$32,568
10 years$46,758$42,264$38,160$34,421$31,021$27,356
11 years$42,074$37,625$33,596$29,956$26,679$23,185
12 years$38,174$33,771$29,815$26,276$23,120$19,793
13 years$34,876$30,519$26,638$23,198$20,161$16,998
14 years$32,052$27,741$23,934$20,592$17,673$14,669
15 years$29,606$25,342$21,609$18,365$15,561$12,712
16 years$27,468$23,250$19,592$16,443$13,752$11,054
17 years$25,584$21,413$17,828$14,774$12,194$9,641
18 years$23,911$19,786$16,275$13,315$10,842$8,430
19 years$22,416$18,338$14,899$12,031$9,664$7,387
20 years$21,072$17,040$13,673$10,896$8,632$6,485
21 years$19,857$15,872$12,577$9,889$7,725$5,702
22 years$18,755$14,816$11,591$8,991$6,924$5,021
23 years$17,750$13,857$10,703$8,189$6,215$4,427
24 years$16,830$12,984$9,898$7,469$5,587$3,907
25 years$15,985$12,184$9,168$6,821$5,027$3,451
26 years$15,206$11,451$8,503$6,237$4,528$3,051
27 years$14,486$10,777$7,895$5,708$4,083$2,700
28 years$13,818$10,155$7,340$5,230$3,684$2,390
29 years$13,198$9,580$6,830$4,796$3,326$2,117
30 years$12,621$9,048$6,362$4,402$3,006$1,877
31 years$12,081$8,553$5,931$4,043$2,717$1,664
32 years$11,576$8,093$5,534$3,715$2,458$1,476
33 years$11,103$7,664$5,167$3,416$2,224$1,309
34 years$10,659$7,264$4,828$3,143$2,014$1,162
35 years$10,241$6,890$4,514$2,894$1,824$1,032
36 years$9,847$6,539$4,222$2,665$1,653$916
37 years$9,475$6,211$3,952$2,455$1,498$814
38 years$9,124$5,902$3,701$2,263$1,358$723
39 years$8,791$5,613$3,467$2,087$1,232$642
40 years$8,476$5,340$3,250$1,925$1,117$571
41 years$8,177$5,083$3,047$1,776$1,013$507
42 years$7,894$4,841$2,859$1,639$920$451
43 years$7,624$4,612$2,682$1,513$835$401
44 years$7,366$4,397$2,518$1,397$758$356
45 years$7,122$4,193$2,364$1,290$688$317
46 years$6,888$4,000$2,221$1,192$624$282
47 years$6,665$3,817$2,086$1,101$567$251
48 years$6,452$3,644$1,960$1,017$515$223
49 years$6,248$3,480$1,843$940$468$198
50 years$6,053$3,324$1,732$869$425$176

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 $5,578 every year, while hoping to spend $23,526 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: 35/43/22 Blend
44$6,200,000$6,200,000$6,200,000$6,200,000
45$6,838,154$6,509,554$6,413,454$7,031,598
46$7,510,614$6,803,490$6,603,273$7,468,686
47$8,250,877$7,111,041$6,798,663$7,937,409
48$9,065,833$7,432,849$6,999,784$8,442,676
49$9,963,075$7,769,586$7,206,805$8,987,759
50$10,950,971$8,121,959$7,419,895$9,576,241
51$12,038,740$8,490,704$7,639,232$10,212,051
52$13,236,541$8,876,598$7,864,995$10,899,498
53$14,555,567$9,280,450$8,097,371$11,643,309
54$16,008,154$9,703,112$8,336,553$12,448,668
55$17,607,895$10,145,473$8,582,736$13,321,263
56$19,369,767$10,608,468$8,836,125$14,267,340
57$21,310,275$11,093,075$9,096,926$15,293,753
58$23,447,605$11,600,318$9,365,356$16,408,027
59$25,801,799$12,131,272$9,641,634$17,618,428
60$28,394,941$12,687,062$9,925,987$18,934,032
61$31,251,366$13,268,870$10,218,648$20,364,812
62$34,397,891$13,877,930$10,519,859$21,921,722
63$37,864,067$14,515,539$10,829,864$23,616,801
64$41,682,456$15,183,055$11,148,919$25,463,279
65$45,888,943$15,881,901$11,477,285$27,475,699
66$50,523,071$16,613,569$11,815,229$29,670,045
67$55,628,413$17,379,623$12,163,028$32,063,893
68$61,252,988$18,181,701$12,520,966$34,676,566
69$67,449,709$19,021,522$12,889,335$37,529,315
70$74,276,887$19,900,884$13,268,436$40,645,511
71$81,798,777$20,821,675$13,658,576$44,050,858
72$90,086,188$21,785,872$14,060,074$47,773,631
73$99,217,149$22,795,550$14,473,256$51,844,937
74$109,277,647$23,852,880$14,898,458$56,298,995
75$120,362,435$24,960,140$15,336,026$61,173,460
76$132,575,935$26,119,717$15,786,313$66,509,764
77$146,033,211$27,334,115$16,249,686$72,353,499
78$160,861,068$28,605,956$16,726,520$78,754,843
79$177,199,239$29,937,990$17,217,200$85,769,018
80$195,201,709$31,333,099$17,722,124$93,456,808
81$215,038,168$32,794,305$18,241,700$101,885,118
82$236,895,611$34,324,776$18,776,346$111,127,595
83$260,980,105$35,927,831$19,326,495$121,265,316
84$287,518,733$37,606,953$19,892,591$132,387,539
85$316,761,739$39,365,789$20,475,088$144,592,531
86$348,984,888$41,208,164$21,074,455$157,988,488
87$384,492,073$43,138,091$21,691,176$172,694,540
88$423,618,178$45,159,771$22,325,744$188,841,860
89$466,732,245$47,277,613$22,978,669$206,574,892
90$514,240,956$49,496,237$23,650,476$226,052,697
91$566,592,468$51,820,487$24,341,701$247,450,437
92$624,280,651$54,255,442$25,052,900$270,961,014
93$687,849,744$56,806,426$25,784,639$296,796,872
94$757,899,498$59,479,021$26,537,504$325,191,985
95$835,090,833$62,279,079$27,312,097$356,404,049
96$920,152,080$65,212,736$28,109,034$390,716,887
97$1,013,885,857$68,286,425$28,928,951$428,443,116
98$1,117,176,644$71,506,889$29,772,501$469,927,072
99$1,230,999,136$74,881,201$30,640,354$515,548,035
100$1,356,427,442$78,416,774$31,533,200$565,723,792