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%17.9%
1 years$528,506$523,798$519,205$514,722$510,345$494,008
2 years$261,637$256,764$252,041$247,463$243,021$226,713
3 years$172,692$167,798$163,088$158,552$154,183$138,415
4 years$128,228$123,349$118,686$114,228$109,964$94,858
5 years$101,557$96,707$92,105$87,738$83,593$69,188
6 years$83,782$78,969$74,435$70,165$66,144$52,453
7 years$71,090$66,318$61,856$57,686$53,793$40,813
8 years$61,576$56,847$52,458$48,392$44,627$32,350
9 years$54,180$49,495$45,182$41,219$37,582$25,995
10 years$48,267$43,628$39,391$35,531$32,022$21,106
11 years$43,432$38,839$34,679$30,923$27,540$17,276
12 years$39,405$34,860$30,777$27,123$23,865$14,231
13 years$36,001$31,503$27,497$23,946$20,811$11,782
14 years$33,086$28,636$24,706$21,256$18,243$9,795
15 years$30,561$26,159$22,306$18,957$16,062$8,171
16 years$28,354$24,000$20,224$16,974$14,196$6,834
17 years$26,409$22,104$18,403$15,251$12,587$5,730
18 years$24,682$20,425$16,800$13,744$11,192$4,812
19 years$23,139$18,929$15,379$12,419$9,976$4,048
20 years$21,752$17,590$14,114$11,248$8,910$3,410
21 years$20,498$16,384$12,982$10,208$7,974$2,875
22 years$19,360$15,294$11,965$9,282$7,147$2,427
23 years$18,322$14,304$11,048$8,453$6,416$2,050
24 years$17,373$13,402$10,217$7,709$5,767$1,733
25 years$16,500$12,577$9,463$7,041$5,189$1,465
26 years$15,696$11,821$8,777$6,438$4,674$1,240
27 years$14,953$11,125$8,150$5,893$4,214$1,049
28 years$14,264$10,483$7,577$5,399$3,803$888
29 years$13,624$9,889$7,051$4,951$3,434$752
30 years$13,028$9,339$6,567$4,544$3,103$637
31 years$12,471$8,829$6,123$4,173$2,805$540
32 years$11,950$8,354$5,712$3,835$2,537$457
33 years$11,461$7,911$5,334$3,527$2,296$388
34 years$11,003$7,498$4,984$3,245$2,079$329
35 years$10,571$7,112$4,659$2,987$1,883$279
36 years$10,165$6,750$4,359$2,751$1,706$236
37 years$9,781$6,411$4,080$2,535$1,546$200
38 years$9,418$6,093$3,820$2,336$1,402$170
39 years$9,075$5,794$3,579$2,154$1,271$144
40 years$8,750$5,512$3,355$1,987$1,153$122
41 years$8,441$5,247$3,146$1,833$1,046$104
42 years$8,148$4,997$2,951$1,692$949$88
43 years$7,869$4,761$2,769$1,562$861$74
44 years$7,604$4,538$2,599$1,442$782$63
45 years$7,351$4,328$2,441$1,332$710$54
46 years$7,110$4,129$2,292$1,230$645$45
47 years$6,880$3,940$2,153$1,137$585$39
48 years$6,660$3,761$2,024$1,050$532$33
49 years$6,450$3,592$1,902$971$483$28
50 years$6,249$3,431$1,788$897$438$23

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 $3,261 every year, while hoping to spend $32,805 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: 59/19/22 Blend
44$6,400,000$6,400,000$6,400,000$6,400,000
45$7,056,164$6,716,964$6,617,764$7,430,957
46$7,740,988$7,011,191$6,804,555$7,980,270
47$8,494,565$7,318,735$6,996,503$8,575,256
48$9,323,873$7,640,215$7,193,748$9,223,464
49$10,236,600$7,976,278$7,396,431$9,930,056
50$11,241,219$8,327,602$7,604,697$10,700,707
51$12,347,064$8,694,895$7,818,696$11,541,663
52$13,564,422$9,078,902$8,038,579$12,459,795
53$14,904,626$9,480,401$8,264,504$13,462,662
54$16,380,164$9,900,207$8,496,631$14,558,582
55$18,004,798$10,339,174$8,735,126$15,756,713
56$19,793,691$10,798,198$8,980,157$17,067,128
57$21,763,553$11,278,214$9,231,896$18,500,917
58$23,932,793$11,780,205$9,490,523$20,070,289
59$26,321,701$12,305,198$9,756,219$21,788,679
60$28,952,632$12,854,270$10,029,169$23,670,881
61$31,850,221$13,428,549$10,309,567$25,733,179
62$35,041,613$14,029,218$10,597,607$27,993,503
63$38,556,721$14,657,513$10,893,490$30,471,596
64$42,428,507$15,314,732$11,197,423$33,189,192
65$46,693,294$16,002,233$11,509,616$36,170,228
66$51,391,107$16,721,440$11,830,285$39,441,061
67$56,566,053$17,473,843$12,159,652$43,030,714
68$62,266,734$18,261,005$12,497,945$46,971,152
69$68,546,710$19,084,563$12,845,395$51,297,576
70$75,464,999$19,946,232$13,202,240$56,048,757
71$83,086,640$20,847,808$13,568,726$61,267,394
72$91,483,300$21,791,173$13,945,101$67,000,517
73$100,733,957$22,778,301$14,331,622$73,299,926
74$110,925,641$23,811,258$14,728,552$80,222,679
75$122,154,257$24,892,210$15,136,159$87,831,624
76$134,525,489$26,023,426$15,554,718$96,195,990
77$148,155,798$27,207,283$15,984,510$105,392,035
78$163,173,523$28,446,274$16,425,826$115,503,766
79$179,720,091$29,743,010$16,878,959$126,623,722
80$197,951,348$31,100,225$17,344,212$138,853,848
81$218,039,038$32,520,788$17,821,895$152,306,447
82$240,172,416$34,007,704$18,312,325$167,105,244
83$264,560,041$35,564,120$18,815,827$183,386,539
84$291,431,740$37,193,337$19,332,732$201,300,494
85$321,040,780$38,898,812$19,863,380$221,012,546
86$353,666,256$40,684,170$20,408,120$242,704,958
87$389,615,729$42,553,210$20,967,307$266,578,539
88$429,228,127$44,509,911$21,541,306$292,854,530
89$472,876,945$46,558,445$22,130,488$321,776,685
90$520,973,770$48,703,186$22,735,236$353,613,569
91$573,972,168$50,948,715$23,355,940$388,661,084
92$632,371,963$53,299,836$23,992,998$427,245,254
93$696,723,958$55,761,583$24,646,818$469,725,296
94$767,635,133$58,339,232$25,317,818$516,497,003
95$845,774,376$61,038,314$26,006,424$567,996,473
96$931,878,796$63,864,625$26,713,073$624,704,214
97$1,026,760,684$66,824,242$27,438,212$687,149,674
98$1,131,315,177$69,923,533$28,182,295$755,916,227
99$1,246,528,712$73,169,173$28,945,789$831,646,672
100$1,373,488,339$76,568,161$29,729,171$915,049,289