Can I retire at age 45 with 6,400,000?

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 $6,400,000?

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$528,506$523,798$519,205$514,722$510,345$496,999
2 years$261,637$256,764$252,041$247,463$243,021$229,667
3 years$172,692$167,798$163,088$158,552$154,183$141,237
4 years$128,228$123,349$118,686$114,228$109,964$97,527
5 years$101,557$96,707$92,105$87,738$83,593$71,699
6 years$83,782$78,969$74,435$70,165$66,144$54,805
7 years$71,090$66,318$61,856$57,686$53,793$43,009
8 years$61,576$56,847$52,458$48,392$44,627$34,392
9 years$54,180$49,495$45,182$41,219$37,582$27,889
10 years$48,267$43,628$39,391$35,531$32,022$22,857
11 years$43,432$38,839$34,679$30,923$27,540$18,891
12 years$39,405$34,860$30,777$27,123$23,865$15,716
13 years$36,001$31,503$27,497$23,946$20,811$13,144
14 years$33,086$28,636$24,706$21,256$18,243$11,042
15 years$30,561$26,159$22,306$18,957$16,062$9,308
16 years$28,354$24,000$20,224$16,974$14,196$7,870
17 years$26,409$22,104$18,403$15,251$12,587$6,671
18 years$24,682$20,425$16,800$13,744$11,192$5,665
19 years$23,139$18,929$15,379$12,419$9,976$4,820
20 years$21,752$17,590$14,114$11,248$8,910$4,107
21 years$20,498$16,384$12,982$10,208$7,974$3,503
22 years$19,360$15,294$11,965$9,282$7,147$2,991
23 years$18,322$14,304$11,048$8,453$6,416$2,557
24 years$17,373$13,402$10,217$7,709$5,767$2,187
25 years$16,500$12,577$9,463$7,041$5,189$1,872
26 years$15,696$11,821$8,777$6,438$4,674$1,603
27 years$14,953$11,125$8,150$5,893$4,214$1,373
28 years$14,264$10,483$7,577$5,399$3,803$1,177
29 years$13,624$9,889$7,051$4,951$3,434$1,009
30 years$13,028$9,339$6,567$4,544$3,103$865
31 years$12,471$8,829$6,123$4,173$2,805$742
32 years$11,950$8,354$5,712$3,835$2,537$637
33 years$11,461$7,911$5,334$3,527$2,296$547
34 years$11,003$7,498$4,984$3,245$2,079$469
35 years$10,571$7,112$4,659$2,987$1,883$403
36 years$10,165$6,750$4,359$2,751$1,706$346
37 years$9,781$6,411$4,080$2,535$1,546$297
38 years$9,418$6,093$3,820$2,336$1,402$255
39 years$9,075$5,794$3,579$2,154$1,271$219
40 years$8,750$5,512$3,355$1,987$1,153$188
41 years$8,441$5,247$3,146$1,833$1,046$161
42 years$8,148$4,997$2,951$1,692$949$139
43 years$7,869$4,761$2,769$1,562$861$119
44 years$7,604$4,538$2,599$1,442$782$102
45 years$7,351$4,328$2,441$1,332$710$88
46 years$7,110$4,129$2,292$1,230$645$75
47 years$6,880$3,940$2,153$1,137$585$65
48 years$6,660$3,761$2,024$1,050$532$56
49 years$6,450$3,592$1,902$971$483$48
50 years$6,249$3,431$1,788$897$438$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,400,000, adding $6,127 every year, while hoping to spend $50,941 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$6,400,000$6,400,000$6,400,000$6,400,000
45$7,059,120$6,719,920$6,620,720$7,379,675
46$7,724,949$6,994,995$6,788,313$7,876,621
47$8,456,986$7,281,842$6,959,814$8,410,875
48$9,261,929$7,580,983$7,135,298$8,990,672
49$10,147,160$7,892,965$7,314,845$9,620,343
50$11,120,811$8,218,361$7,498,532$10,304,647
51$12,191,841$8,557,768$7,686,441$11,048,821
52$13,370,123$8,911,812$7,878,650$11,858,617
53$14,666,533$9,281,149$8,075,242$12,740,367
54$16,093,055$9,666,461$8,276,299$13,701,030
55$17,662,895$10,068,465$8,481,903$14,748,263
56$19,390,601$10,487,911$8,692,138$15,890,488
57$21,292,205$10,925,581$8,907,087$17,136,971
58$23,385,371$11,382,296$9,126,836$18,497,906
59$25,689,563$11,858,913$9,351,469$19,984,512
60$28,226,227$12,356,328$9,581,072$21,609,132
61$31,018,996$12,875,482$9,815,731$23,385,352
62$34,093,908$13,417,355$10,055,533$25,328,123
63$37,479,657$13,982,976$10,300,563$27,453,901
64$41,207,860$14,573,419$10,550,910$29,780,802
65$45,313,355$15,189,811$10,806,659$32,328,766
66$49,834,534$15,833,328$11,067,899$35,119,746
67$54,813,698$16,505,202$11,334,715$38,177,909
68$60,297,462$17,206,724$11,607,195$41,529,865
69$66,337,192$17,939,243$11,885,425$45,204,910
70$72,989,490$18,704,170$12,169,491$49,235,304
71$80,316,729$19,502,985$12,459,480$53,656,569
72$88,387,639$20,337,235$12,755,476$58,507,821
73$97,277,957$21,208,539$13,057,564$63,832,138
74$107,071,144$22,118,593$13,365,828$69,676,958
75$117,859,167$23,069,170$13,680,349$76,094,526
76$129,743,372$24,062,129$14,001,210$83,142,383
77$142,835,436$25,099,414$14,328,492$90,883,902
78$157,258,426$26,183,060$14,662,271$99,388,885
79$173,147,954$27,315,199$15,002,626$108,734,213
80$190,653,464$28,498,062$15,349,632$119,004,571
81$209,939,634$29,733,984$15,703,362$130,293,237
82$231,187,938$31,025,411$16,063,886$142,702,963
83$254,598,355$32,374,904$16,431,274$156,346,934
84$280,391,256$33,785,142$16,805,590$171,349,833
85$308,809,485$35,258,935$17,186,898$187,849,009
86$340,120,650$36,799,220$17,575,256$205,995,771
87$374,619,650$38,409,076$17,970,722$225,956,807
88$412,631,460$40,091,726$18,373,346$247,915,750
89$454,514,193$41,850,545$18,783,178$272,074,904
90$500,662,487$43,689,068$19,200,260$298,657,148
91$551,511,223$45,610,995$19,624,631$327,908,029
92$607,539,637$47,620,203$20,056,325$360,098,074
93$669,275,839$49,720,751$20,495,371$395,525,331
94$737,301,798$51,916,892$20,941,790$434,518,179
95$812,258,841$54,213,079$21,395,599$477,438,412
96$894,853,697$56,613,975$21,856,806$524,684,651
97$985,865,180$59,124,465$22,325,415$576,696,089
98$1,086,151,530$61,749,665$22,801,418$633,956,631
99$1,196,658,523$64,494,936$23,284,803$696,999,451
100$1,318,428,395$67,365,891$23,775,546$766,412,008