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%15.2%
1 years$536,764$531,983$527,318$522,765$518,319$507,232
2 years$265,725$260,776$255,980$251,329$246,819$235,703
3 years$175,390$170,420$165,636$161,029$156,592$145,794
4 years$130,232$125,277$120,540$116,012$111,683$101,286
5 years$103,144$98,218$93,544$89,109$84,899$74,933
6 years$85,091$80,203$75,598$71,261$67,178$57,653
7 years$72,201$67,354$62,822$58,588$54,634$45,552
8 years$62,538$57,735$53,278$49,148$45,324$36,682
9 years$55,027$50,269$45,888$41,863$38,169$29,961
10 years$49,021$44,309$40,007$36,086$32,522$24,739
11 years$44,110$39,446$35,221$31,406$27,970$20,603
12 years$40,021$35,405$31,258$27,547$24,238$17,275
13 years$36,563$31,995$27,927$24,320$21,136$14,565
14 years$33,602$29,083$25,092$21,589$18,528$12,336
15 years$31,039$26,568$22,655$19,253$16,313$10,487
16 years$28,797$24,375$20,540$17,239$14,418$8,943
17 years$26,822$22,449$18,691$15,489$12,784$7,646
18 years$25,068$20,744$17,062$13,959$11,367$6,551
19 years$23,500$19,225$15,620$12,613$10,132$5,624
20 years$22,091$17,865$14,335$11,424$9,050$4,835
21 years$20,818$16,640$13,185$10,368$8,098$4,163
22 years$19,662$15,533$12,152$9,427$7,259$3,588
23 years$18,609$14,528$11,221$8,585$6,516$3,096
24 years$17,644$13,612$10,377$7,830$5,857$2,673
25 years$16,758$12,774$9,611$7,151$5,270$2,310
26 years$15,941$12,005$8,914$6,538$4,747$1,997
27 years$15,187$11,299$8,277$5,985$4,280$1,728
28 years$14,487$10,647$7,695$5,483$3,862$1,495
29 years$13,837$10,044$7,161$5,028$3,487$1,295
30 years$13,231$9,485$6,670$4,615$3,151$1,121
31 years$12,666$8,967$6,218$4,238$2,849$972
32 years$12,137$8,484$5,802$3,895$2,577$842
33 years$11,641$8,035$5,417$3,582$2,332$730
34 years$11,175$7,615$5,061$3,296$2,111$633
35 years$10,736$7,223$4,732$3,034$1,912$549
36 years$10,324$6,856$4,427$2,794$1,733$476
37 years$9,934$6,511$4,143$2,574$1,570$413
38 years$9,565$6,188$3,880$2,373$1,424$358
39 years$9,217$5,884$3,635$2,188$1,291$311
40 years$8,887$5,598$3,407$2,018$1,171$269
41 years$8,573$5,329$3,195$1,862$1,062$234
42 years$8,275$5,075$2,997$1,718$964$203
43 years$7,992$4,836$2,812$1,586$875$176
44 years$7,723$4,609$2,640$1,465$794$153
45 years$7,466$4,395$2,479$1,353$721$133
46 years$7,221$4,193$2,328$1,249$655$115
47 years$6,988$4,002$2,187$1,154$594$100
48 years$6,764$3,820$2,055$1,067$540$87
49 years$6,551$3,648$1,932$986$490$75
50 years$6,346$3,485$1,816$911$445$65

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 $6,543 every year, while hoping to spend $45,953 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: 70/17/13 Blend
44$6,500,000$6,500,000$6,500,000$6,500,000
45$7,169,749$6,825,249$6,724,499$7,650,794
46$7,852,170$7,110,793$6,900,876$8,256,510
47$8,602,657$7,408,788$7,081,622$8,912,991
48$9,428,106$7,719,796$7,266,834$9,630,222
49$10,336,112$8,044,405$7,456,611$10,414,180
50$11,335,044$8,383,229$7,651,056$11,271,446
51$12,434,123$8,736,912$7,850,272$12,209,260
52$13,643,510$9,106,127$8,054,362$13,235,595
53$14,974,399$9,491,579$8,263,435$14,359,227
54$16,439,126$9,894,004$8,477,598$15,589,816
55$18,051,280$10,314,174$8,696,961$16,938,000
56$19,825,839$10,752,896$8,921,637$18,415,489
57$21,779,302$11,211,016$9,151,739$20,035,179
58$23,929,852$11,689,417$9,387,384$21,811,269
59$26,297,524$12,189,025$9,628,688$23,759,394
60$28,904,393$12,710,809$9,875,771$25,896,773
61$31,774,785$13,255,783$10,128,753$28,242,368
62$34,935,505$13,825,008$10,387,758$30,817,063
63$38,416,089$14,419,596$10,652,910$33,643,855
64$42,249,083$15,040,709$10,924,336$36,748,076
65$46,470,350$15,689,564$11,202,162$40,157,626
66$51,119,411$16,367,438$11,486,519$43,903,234
67$56,239,811$17,075,663$11,777,538$48,018,750
68$61,879,539$17,815,637$12,075,353$52,541,457
69$68,091,472$18,588,823$12,380,097$57,512,424
70$74,933,878$19,396,752$12,691,907$62,976,892
71$82,470,968$20,241,028$13,010,920$68,984,697
72$90,773,498$21,123,329$13,337,276$75,590,737
73$99,919,435$22,045,413$13,671,116$82,855,492
74$109,994,700$23,009,120$14,012,581$90,845,586
75$121,093,972$24,016,379$14,361,814$99,634,418
76$133,321,583$25,069,208$14,718,962$109,302,852
77$146,792,506$26,169,721$15,084,168$119,939,972
78$161,633,435$27,320,130$15,457,581$131,643,925
79$177,983,983$28,522,755$15,839,348$144,522,844
80$195,998,001$29,780,022$16,229,618$158,695,861
81$215,845,028$31,094,474$16,628,541$174,294,233
82$237,711,892$32,468,774$17,036,268$191,462,574
83$261,804,472$33,905,710$17,452,950$210,360,218
84$288,349,643$35,408,205$17,878,739$231,162,718
85$317,597,417$36,979,317$18,313,786$254,063,498
86$349,823,301$38,622,251$18,758,246$279,275,679
87$385,330,900$40,340,364$19,212,269$307,034,080
88$424,454,781$42,137,171$19,676,010$337,597,435
89$467,563,632$44,016,356$20,149,620$371,250,826
90$515,063,742$45,981,777$20,633,251$408,308,373
91$567,402,834$48,037,474$21,127,055$449,116,194
92$625,074,295$50,187,683$21,631,184$494,055,661
93$688,621,831$52,436,837$22,145,787$543,547,001
94$758,644,600$54,789,584$22,671,012$598,053,252
95$835,802,866$57,250,790$23,207,008$658,084,633
96$920,824,235$59,825,556$23,753,920$724,203,348
97$1,014,510,523$62,519,224$24,311,892$797,028,889
98$1,117,745,322$65,337,392$24,881,066$877,243,878
99$1,231,502,344$68,285,923$25,461,581$965,600,501
100$1,356,854,613$71,370,963$26,053,574$1,062,927,604