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%20%
1 years$536,764$531,983$527,318$522,765$518,319$497,558
2 years$265,725$260,776$255,980$251,329$246,819$226,163
3 years$175,390$170,420$165,636$161,029$156,592$136,692
4 years$130,232$125,277$120,540$116,012$111,683$92,690
5 years$103,144$98,218$93,544$89,109$84,899$66,862
6 years$85,091$80,203$75,598$71,261$67,178$50,107
7 years$72,201$67,354$62,822$58,588$54,634$38,523
8 years$62,538$57,735$53,278$49,148$45,324$30,157
9 years$55,027$50,269$45,888$41,863$38,169$23,922
10 years$49,021$44,309$40,007$36,086$32,522$19,167
11 years$44,110$39,446$35,221$31,406$27,970$15,476
12 years$40,021$35,405$31,258$27,547$24,238$12,571
13 years$36,563$31,995$27,927$24,320$21,136$10,260
14 years$33,602$29,083$25,092$21,589$18,528$8,405
15 years$31,039$26,568$22,655$19,253$16,313$6,907
16 years$28,797$24,375$20,540$17,239$14,418$5,690
17 years$26,822$22,449$18,691$15,489$12,784$4,697
18 years$25,068$20,744$17,062$13,959$11,367$3,884
19 years$23,500$19,225$15,620$12,613$10,132$3,215
20 years$22,091$17,865$14,335$11,424$9,050$2,665
21 years$20,818$16,640$13,185$10,368$8,098$2,211
22 years$19,662$15,533$12,152$9,427$7,259$1,836
23 years$18,609$14,528$11,221$8,585$6,516$1,525
24 years$17,644$13,612$10,377$7,830$5,857$1,268
25 years$16,758$12,774$9,611$7,151$5,270$1,054
26 years$15,941$12,005$8,914$6,538$4,747$877
27 years$15,187$11,299$8,277$5,985$4,280$730
28 years$14,487$10,647$7,695$5,483$3,862$607
29 years$13,837$10,044$7,161$5,028$3,487$506
30 years$13,231$9,485$6,670$4,615$3,151$421
31 years$12,666$8,967$6,218$4,238$2,849$351
32 years$12,137$8,484$5,802$3,895$2,577$292
33 years$11,641$8,035$5,417$3,582$2,332$243
34 years$11,175$7,615$5,061$3,296$2,111$203
35 years$10,736$7,223$4,732$3,034$1,912$169
36 years$10,324$6,856$4,427$2,794$1,733$141
37 years$9,934$6,511$4,143$2,574$1,570$117
38 years$9,565$6,188$3,880$2,373$1,424$98
39 years$9,217$5,884$3,635$2,188$1,291$81
40 years$8,887$5,598$3,407$2,018$1,171$68
41 years$8,573$5,329$3,195$1,862$1,062$56
42 years$8,275$5,075$2,997$1,718$964$47
43 years$7,992$4,836$2,812$1,586$875$39
44 years$7,723$4,609$2,640$1,465$794$33
45 years$7,466$4,395$2,479$1,353$721$27
46 years$7,221$4,193$2,328$1,249$655$23
47 years$6,988$4,002$2,187$1,154$594$19
48 years$6,764$3,820$2,055$1,067$540$16
49 years$6,551$3,648$1,932$986$490$13
50 years$6,346$3,485$1,816$911$445$11

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 $3,997 every year, while hoping to spend $43,383 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: 61/12/27 Blend
44$6,500,000$6,500,000$6,500,000$6,500,000
45$7,167,123$6,822,623$6,721,873$7,552,102
46$7,852,010$7,110,772$6,900,896$8,102,604
47$8,605,302$7,411,587$7,084,463$8,698,184
48$9,433,930$7,725,642$7,272,680$9,347,374
49$10,345,531$8,053,538$7,465,655$10,055,414
50$11,348,519$8,395,906$7,663,498$10,828,070
51$12,452,166$8,753,403$7,866,323$11,671,690
52$13,666,687$9,126,720$8,074,245$12,593,259
53$15,003,338$9,516,578$8,287,381$13,600,467
54$16,474,521$9,923,733$8,505,851$14,701,781
55$18,093,901$10,348,974$8,729,776$15,906,518
56$19,876,535$10,793,130$8,959,280$17,224,942
57$21,839,015$11,257,068$9,194,489$18,668,348
58$23,999,624$11,741,693$9,435,533$20,249,176
59$26,378,504$12,247,955$9,682,543$21,981,125
60$28,997,855$12,776,848$9,935,651$23,879,278
61$31,882,134$13,329,412$10,194,994$25,960,247
62$35,058,295$13,906,736$10,460,709$28,242,325
63$38,556,036$14,509,961$10,732,938$30,745,658
64$42,408,084$15,140,280$11,011,823$33,492,438
65$46,650,498$15,798,944$11,297,509$36,507,102
66$51,323,019$16,487,262$11,590,145$39,816,570
67$56,469,432$17,206,604$11,889,881$43,450,491
68$62,137,991$17,958,404$12,196,869$47,441,524
69$68,381,866$18,744,166$12,511,264$51,825,646
70$75,259,649$19,565,463$12,833,224$56,642,485
71$82,835,906$20,423,942$13,162,909$61,935,694
72$91,181,783$21,321,330$13,500,481$67,753,365
73$100,375,683$22,259,434$13,846,106$74,148,473
74$110,504,002$23,240,145$14,199,949$81,179,380
75$121,661,944$24,265,446$14,562,181$88,910,383
76$133,954,422$25,337,413$14,932,974$97,412,316
77$147,497,046$26,458,219$15,312,502$106,763,215
78$162,417,215$27,630,142$15,700,941$117,049,058
79$178,855,318$28,855,567$16,098,470$128,364,568
80$196,966,062$30,136,991$16,505,270$140,814,105
81$216,919,928$31,477,031$16,921,524$154,512,653
82$238,904,782$32,878,427$17,347,417$169,586,895
83$263,127,652$34,344,052$17,783,137$186,176,413
84$289,816,673$35,876,911$18,228,873$204,434,997
85$319,223,250$37,480,156$18,684,816$224,532,096
86$351,624,423$39,157,085$19,151,160$246,654,411
87$387,325,489$40,911,157$19,628,098$271,007,659
88$426,662,878$42,745,993$20,115,829$297,818,507
89$470,007,331$44,665,387$20,614,549$327,336,707
90$517,767,401$46,673,313$21,124,459$359,837,452
91$570,393,308$48,773,936$21,645,759$395,623,971
92$628,381,185$50,971,620$22,178,652$435,030,380
93$692,277,771$53,270,934$22,723,342$478,424,841
94$762,685,562$55,676,668$23,280,033$526,213,024
95$840,268,505$58,193,841$23,848,929$578,841,936
96$925,758,262$60,827,708$24,430,238$636,804,136
97$1,019,961,119$63,583,780$25,024,165$700,642,376
98$1,123,765,596$66,467,828$25,630,918$770,954,722
99$1,238,150,836$69,485,901$26,250,702$848,400,194
100$1,364,195,846$72,644,335$26,883,726$933,704,977