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%17.1%
1 years$536,764$531,983$527,318$522,765$518,319$503,341
2 years$265,725$260,776$255,980$251,329$246,819$231,848
3 years$175,390$170,420$165,636$161,029$156,592$142,097
4 years$130,232$125,277$120,540$116,012$111,683$97,775
5 years$103,144$98,218$93,544$89,109$84,899$71,617
6 years$85,091$80,203$75,598$71,261$67,178$54,533
7 years$72,201$67,354$62,822$58,588$54,634$42,626
8 years$62,538$57,735$53,278$49,148$45,324$33,946
9 years$55,027$50,269$45,888$41,863$38,169$27,410
10 years$49,021$44,309$40,007$36,086$32,522$22,367
11 years$44,110$39,446$35,221$31,406$27,970$18,403
12 years$40,021$35,405$31,258$27,547$24,238$15,240
13 years$36,563$31,995$27,927$24,320$21,136$12,686
14 years$33,602$29,083$25,092$21,589$18,528$10,605
15 years$31,039$26,568$22,655$19,253$16,313$8,897
16 years$28,797$24,375$20,540$17,239$14,418$7,484
17 years$26,822$22,449$18,691$15,489$12,784$6,311
18 years$25,068$20,744$17,062$13,959$11,367$5,333
19 years$23,500$19,225$15,620$12,613$10,132$4,513
20 years$22,091$17,865$14,335$11,424$9,050$3,825
21 years$20,818$16,640$13,185$10,368$8,098$3,245
22 years$19,662$15,533$12,152$9,427$7,259$2,756
23 years$18,609$14,528$11,221$8,585$6,516$2,343
24 years$17,644$13,612$10,377$7,830$5,857$1,993
25 years$16,758$12,774$9,611$7,151$5,270$1,696
26 years$15,941$12,005$8,914$6,538$4,747$1,444
27 years$15,187$11,299$8,277$5,985$4,280$1,230
28 years$14,487$10,647$7,695$5,483$3,862$1,048
29 years$13,837$10,044$7,161$5,028$3,487$894
30 years$13,231$9,485$6,670$4,615$3,151$762
31 years$12,666$8,967$6,218$4,238$2,849$650
32 years$12,137$8,484$5,802$3,895$2,577$554
33 years$11,641$8,035$5,417$3,582$2,332$473
34 years$11,175$7,615$5,061$3,296$2,111$404
35 years$10,736$7,223$4,732$3,034$1,912$344
36 years$10,324$6,856$4,427$2,794$1,733$294
37 years$9,934$6,511$4,143$2,574$1,570$251
38 years$9,565$6,188$3,880$2,373$1,424$214
39 years$9,217$5,884$3,635$2,188$1,291$183
40 years$8,887$5,598$3,407$2,018$1,171$156
41 years$8,573$5,329$3,195$1,862$1,062$133
42 years$8,275$5,075$2,997$1,718$964$114
43 years$7,992$4,836$2,812$1,586$875$97
44 years$7,723$4,609$2,640$1,465$794$83
45 years$7,466$4,395$2,479$1,353$721$71
46 years$7,221$4,193$2,328$1,249$655$60
47 years$6,988$4,002$2,187$1,154$594$52
48 years$6,764$3,820$2,055$1,067$540$44
49 years$6,551$3,648$1,932$986$490$38
50 years$6,346$3,485$1,816$911$445$32

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 $6,239 every year, while hoping to spend $21,142 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: 62/22/16 Blend
44$6,500,000$6,500,000$6,500,000$6,500,000
45$7,169,436$6,824,936$6,724,186$7,584,904
46$7,878,223$7,136,862$6,926,951$8,176,988
47$8,658,598$7,463,365$7,135,800$8,820,114
48$9,517,841$7,805,136$7,350,915$9,521,686
49$10,463,972$8,162,899$7,572,482$10,287,384
50$11,505,831$8,537,415$7,800,694$11,123,453
51$12,653,158$8,929,480$8,035,749$12,036,766
52$13,916,684$9,339,929$8,277,851$13,034,881
53$15,308,237$9,769,636$8,527,210$14,126,115
54$16,840,848$10,219,519$8,784,042$15,319,619
55$18,528,876$10,690,538$9,048,570$16,625,464
56$20,388,147$11,183,699$9,321,023$18,054,731
57$22,436,098$11,700,060$9,601,636$19,619,617
58$24,691,942$12,240,726$9,890,654$21,333,546
59$27,176,855$12,806,856$10,188,325$23,211,294
60$29,914,168$13,399,666$10,494,908$25,269,126
61$32,929,594$14,020,429$10,810,668$27,524,946
62$36,251,464$14,670,482$11,135,877$29,998,466
63$39,911,001$15,351,224$11,470,817$32,711,388
64$43,942,611$16,064,122$11,815,777$35,687,605
65$48,384,206$16,810,713$12,171,054$38,953,426
66$53,277,567$17,592,609$12,536,956$42,537,819
67$58,668,733$18,411,501$12,913,799$46,472,682
68$64,608,439$19,269,160$13,301,906$50,793,143
69$71,152,593$20,167,442$13,701,613$55,537,883
70$78,362,805$21,108,294$14,113,264$60,749,503
71$86,306,966$22,093,756$14,537,214$66,474,920
72$95,059,894$23,125,967$14,973,828$72,765,804
73$104,704,033$24,207,169$15,423,481$79,679,066
74$115,330,237$25,339,713$15,886,560$87,277,387
75$127,038,626$26,526,063$16,363,464$95,629,807
76$139,939,528$27,768,803$16,854,603$104,812,372
77$154,154,525$29,070,640$17,360,397$114,908,846
78$169,817,599$30,434,414$17,881,283$126,011,497
79$187,076,395$31,863,101$18,417,707$138,221,964
80$206,093,616$33,359,821$18,970,129$151,652,208
81$227,048,560$34,927,848$19,539,023$166,425,567
82$250,138,810$36,570,609$20,124,877$182,677,909
83$275,582,101$38,291,701$20,728,193$200,558,913
84$303,618,376$40,094,895$21,349,488$220,233,473
85$334,512,048$41,984,143$21,989,294$241,883,247
86$368,554,499$43,963,588$22,648,158$265,708,366
87$406,066,831$46,037,577$23,326,643$291,929,316
88$447,402,893$48,210,663$24,025,331$320,789,007
89$492,952,627$50,487,624$24,744,818$352,555,066
90$543,145,744$52,873,468$25,485,720$387,522,345
91$598,455,786$55,373,444$26,248,667$426,015,704
92$659,404,592$57,993,058$27,034,313$468,393,062
93$726,567,224$60,738,082$27,843,326$515,048,768
94$800,577,401$63,614,568$28,676,398$566,417,315
95$882,133,476$66,628,862$29,534,237$622,977,428
96$972,005,032$69,787,617$30,417,576$685,256,574
97$1,071,040,146$73,097,811$31,327,165$753,835,926
98$1,180,173,395$76,566,758$32,263,779$829,355,843
99$1,300,434,682$80,202,129$33,228,216$912,521,897
100$1,432,958,952$84,011,966$34,221,294$1,004,111,520