Can I retire at age 45 with 6,500,000?

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 $6,500,000?

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$536,764$531,983$527,318$522,765$518,319$513,120
2 years$265,725$260,776$255,980$251,329$246,819$241,582
3 years$175,390$170,420$165,636$161,029$156,592$151,480
4 years$130,232$125,277$120,540$116,012$111,683$106,735
5 years$103,144$98,218$93,544$89,109$84,899$80,131
6 years$85,091$80,203$75,598$71,261$67,178$62,594
7 years$72,201$67,354$62,822$58,588$54,634$50,237
8 years$62,538$57,735$53,278$49,148$45,324$41,113
9 years$55,027$50,269$45,888$41,863$38,169$34,144
10 years$49,021$44,309$40,007$36,086$32,522$28,679
11 years$44,110$39,446$35,221$31,406$27,970$24,307
12 years$40,021$35,405$31,258$27,547$24,238$20,751
13 years$36,563$31,995$27,927$24,320$21,136$17,820
14 years$33,602$29,083$25,092$21,589$18,528$15,379
15 years$31,039$26,568$22,655$19,253$16,313$13,327
16 years$28,797$24,375$20,540$17,239$14,418$11,589
17 years$26,822$22,449$18,691$15,489$12,784$10,107
18 years$25,068$20,744$17,062$13,959$11,367$8,838
19 years$23,500$19,225$15,620$12,613$10,132$7,744
20 years$22,091$17,865$14,335$11,424$9,050$6,798
21 years$20,818$16,640$13,185$10,368$8,098$5,978
22 years$19,662$15,533$12,152$9,427$7,259$5,264
23 years$18,609$14,528$11,221$8,585$6,516$4,641
24 years$17,644$13,612$10,377$7,830$5,857$4,096
25 years$16,758$12,774$9,611$7,151$5,270$3,618
26 years$15,941$12,005$8,914$6,538$4,747$3,199
27 years$15,187$11,299$8,277$5,985$4,280$2,830
28 years$14,487$10,647$7,695$5,483$3,862$2,506
29 years$13,837$10,044$7,161$5,028$3,487$2,220
30 years$13,231$9,485$6,670$4,615$3,151$1,967
31 years$12,666$8,967$6,218$4,238$2,849$1,744
32 years$12,137$8,484$5,802$3,895$2,577$1,547
33 years$11,641$8,035$5,417$3,582$2,332$1,373
34 years$11,175$7,615$5,061$3,296$2,111$1,218
35 years$10,736$7,223$4,732$3,034$1,912$1,082
36 years$10,324$6,856$4,427$2,794$1,733$961
37 years$9,934$6,511$4,143$2,574$1,570$853
38 years$9,565$6,188$3,880$2,373$1,424$758
39 years$9,217$5,884$3,635$2,188$1,291$673
40 years$8,887$5,598$3,407$2,018$1,171$598
41 years$8,573$5,329$3,195$1,862$1,062$532
42 years$8,275$5,075$2,997$1,718$964$473
43 years$7,992$4,836$2,812$1,586$875$420
44 years$7,723$4,609$2,640$1,465$794$374
45 years$7,466$4,395$2,479$1,353$721$332
46 years$7,221$4,193$2,328$1,249$655$295
47 years$6,988$4,002$2,187$1,154$594$263
48 years$6,764$3,820$2,055$1,067$540$234
49 years$6,551$3,648$1,932$986$490$208
50 years$6,346$3,485$1,816$911$445$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,500,000, adding $4,283 every year, while hoping to spend $20,515 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: 46/25/29 Blend
44$6,500,000$6,500,000$6,500,000$6,500,000
45$7,167,418$6,822,918$6,722,168$7,437,048
46$7,876,667$7,135,413$6,925,533$7,941,292
47$8,657,571$7,462,533$7,135,023$8,485,770
48$9,517,419$7,804,972$7,350,821$9,076,175
49$10,464,240$8,163,460$7,573,118$9,716,827
50$11,506,881$8,538,759$7,802,106$10,412,468
51$12,655,094$8,931,669$8,037,988$11,168,312
52$13,919,621$9,343,028$8,280,968$11,990,085
53$15,312,302$9,773,716$8,531,260$12,884,084
54$16,846,183$10,224,654$8,789,083$13,857,229
55$18,535,638$10,696,806$9,054,661$14,917,128
56$20,396,508$11,191,185$9,328,228$16,072,146
57$22,446,249$11,708,851$9,610,021$17,331,481
58$24,704,097$12,250,915$9,900,287$18,705,250
59$27,191,248$12,818,543$10,199,280$20,204,578
60$29,931,059$13,412,955$10,507,260$21,841,705
61$32,949,270$14,035,432$10,824,495$23,630,094
62$36,274,243$14,687,316$11,151,264$25,584,559
63$39,937,234$15,370,013$11,487,849$27,721,397
64$43,972,685$16,084,997$11,834,546$30,058,543
65$48,418,551$16,833,814$12,191,655$32,615,732
66$53,316,656$17,618,083$12,559,487$35,414,684
67$58,713,088$18,439,503$12,938,364$38,479,304
68$64,658,638$19,299,853$13,328,614$41,835,904
69$71,209,274$20,201,001$13,730,577$45,513,446
70$78,426,671$21,144,901$14,144,603$49,543,813
71$86,378,796$22,133,605$14,571,051$53,962,105
72$95,140,544$23,169,263$15,010,293$58,806,962
73$104,794,451$24,254,128$15,462,709$64,120,928
74$115,431,468$25,390,563$15,928,692$69,950,846
75$127,151,821$26,581,045$16,408,647$76,348,294
76$140,065,961$27,828,170$16,902,991$83,370,067
77$154,295,599$29,134,661$17,412,152$91,078,706
78$169,974,863$30,503,371$17,936,571$99,543,082
79$187,251,556$31,937,294$18,476,703$108,839,043
80$206,288,559$33,439,565$19,033,017$119,050,119
81$227,265,362$35,013,474$19,605,993$130,268,303
82$250,379,763$36,662,468$20,196,128$142,594,916
83$275,849,733$38,390,164$20,803,933$156,141,555
84$303,915,474$40,200,350$21,429,933$171,031,132
85$334,841,686$42,097,001$22,074,669$187,399,036
86$368,920,068$44,084,283$22,738,700$205,394,392
87$406,472,066$46,166,565$23,422,598$225,181,468
88$447,851,917$48,348,426$24,126,955$246,941,210
89$493,449,982$50,634,669$24,852,378$270,872,943
90$543,696,441$53,030,329$25,599,493$297,196,241
91$599,065,348$55,540,684$26,368,946$326,152,990
92$660,079,107$58,171,272$27,161,399$358,009,658
93$727,313,406$60,927,894$27,977,536$393,059,799
94$801,402,650$63,816,637$28,818,060$431,626,812
95$883,045,949$66,843,882$29,683,694$474,066,982
96$973,013,723$70,016,318$30,575,185$520,772,827
97$1,072,154,968$73,340,963$31,493,298$572,176,790
98$1,181,405,275$76,825,171$32,438,825$628,755,309
99$1,301,795,665$80,476,656$33,412,577$691,033,293
100$1,434,462,317$84,303,506$34,415,393$759,589,067