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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$536,764$531,983$527,318$522,765$518,319$499,333
2 years$265,725$260,776$255,980$251,329$246,819$227,902
3 years$175,390$170,420$165,636$161,029$156,592$138,339
4 years$130,232$125,277$120,540$116,012$111,683$94,233
5 years$103,144$98,218$93,544$89,109$84,899$68,299
6 years$85,091$80,203$75,598$71,261$67,178$51,439
7 years$72,201$67,354$62,822$58,588$54,634$39,751
8 years$62,538$57,735$53,278$49,148$45,324$31,285
9 years$55,027$50,269$45,888$41,863$38,169$24,955
10 years$49,021$44,309$40,007$36,086$32,522$20,109
11 years$44,110$39,446$35,221$31,406$27,970$16,332
12 years$40,021$35,405$31,258$27,547$24,238$13,346
13 years$36,563$31,995$27,927$24,320$21,136$10,960
14 years$33,602$29,083$25,092$21,589$18,528$9,036
15 years$31,039$26,568$22,655$19,253$16,313$7,473
16 years$28,797$24,375$20,540$17,239$14,418$6,197
17 years$26,822$22,449$18,691$15,489$12,784$5,149
18 years$25,068$20,744$17,062$13,959$11,367$4,287
19 years$23,500$19,225$15,620$12,613$10,132$3,573
20 years$22,091$17,865$14,335$11,424$9,050$2,982
21 years$20,818$16,640$13,185$10,368$8,098$2,492
22 years$19,662$15,533$12,152$9,427$7,259$2,083
23 years$18,609$14,528$11,221$8,585$6,516$1,743
24 years$17,644$13,612$10,377$7,830$5,857$1,459
25 years$16,758$12,774$9,611$7,151$5,270$1,222
26 years$15,941$12,005$8,914$6,538$4,747$1,024
27 years$15,187$11,299$8,277$5,985$4,280$858
28 years$14,487$10,647$7,695$5,483$3,862$720
29 years$13,837$10,044$7,161$5,028$3,487$604
30 years$13,231$9,485$6,670$4,615$3,151$506
31 years$12,666$8,967$6,218$4,238$2,849$425
32 years$12,137$8,484$5,802$3,895$2,577$356
33 years$11,641$8,035$5,417$3,582$2,332$299
34 years$11,175$7,615$5,061$3,296$2,111$251
35 years$10,736$7,223$4,732$3,034$1,912$211
36 years$10,324$6,856$4,427$2,794$1,733$177
37 years$9,934$6,511$4,143$2,574$1,570$148
38 years$9,565$6,188$3,880$2,373$1,424$125
39 years$9,217$5,884$3,635$2,188$1,291$105
40 years$8,887$5,598$3,407$2,018$1,171$88
41 years$8,573$5,329$3,195$1,862$1,062$74
42 years$8,275$5,075$2,997$1,718$964$62
43 years$7,992$4,836$2,812$1,586$875$52
44 years$7,723$4,609$2,640$1,465$794$44
45 years$7,466$4,395$2,479$1,353$721$37
46 years$7,221$4,193$2,328$1,249$655$31
47 years$6,988$4,002$2,187$1,154$594$26
48 years$6,764$3,820$2,055$1,067$540$22
49 years$6,551$3,648$1,932$986$490$18
50 years$6,346$3,485$1,816$911$445$15

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 $3,582 every year, while hoping to spend $38,791 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: 66/17/17 Blend
44$6,500,000$6,500,000$6,500,000$6,500,000
45$7,166,695$6,822,195$6,721,445$7,609,706
46$7,856,424$7,115,209$6,905,340$8,199,581
47$8,615,206$7,421,281$7,094,095$8,839,309
48$9,450,043$7,741,009$7,287,833$9,537,667
49$10,368,649$8,075,021$7,486,678$10,300,401
50$11,379,527$8,423,972$7,690,757$11,133,833
51$12,492,042$8,788,550$7,900,201$12,044,921
52$13,716,516$9,169,474$8,115,143$13,041,323
53$15,064,320$9,567,498$8,335,719$14,131,468
54$16,547,984$9,983,409$8,562,070$15,324,637
55$18,181,316$10,418,034$8,794,337$16,631,042
56$19,979,530$10,872,237$9,032,666$18,061,930
57$21,959,388$11,346,923$9,277,206$19,629,680
58$24,139,363$11,843,039$9,528,110$21,347,923
59$26,539,809$12,361,579$9,785,533$23,231,668
60$29,183,155$12,903,582$10,049,634$25,297,441
61$32,094,115$13,470,136$10,320,575$27,563,441
62$35,299,923$14,062,381$10,598,523$30,049,706
63$38,830,588$14,681,510$10,883,646$32,778,307
64$42,719,178$15,328,774$11,176,118$35,773,548
65$47,002,132$16,005,482$11,476,116$39,062,197
66$51,719,604$16,713,005$11,783,820$42,673,734
67$56,915,840$17,452,779$12,099,415$46,640,629
68$62,639,599$18,226,309$12,423,088$50,998,648
69$68,944,609$19,035,169$12,755,033$55,787,182
70$75,890,077$19,881,010$13,095,444$61,049,623
71$83,541,246$20,765,560$13,444,523$66,833,767
72$91,970,011$21,690,631$13,802,472$73,192,263
73$101,255,598$22,658,118$14,169,501$80,183,111
74$111,485,311$23,670,008$14,545,822$87,870,198
75$122,755,357$24,728,382$14,931,651$96,323,908
76$135,171,752$25,835,421$15,327,209$105,621,776
77$148,851,322$26,993,409$15,732,723$115,849,220
78$163,922,808$28,204,737$16,148,420$127,100,342
79$180,528,079$29,471,913$16,574,536$139,478,815
80$198,823,469$30,797,563$17,011,309$153,098,854
81$218,981,256$32,184,437$17,458,982$168,086,295
82$241,191,289$33,635,419$17,917,802$184,579,775
83$265,662,774$35,153,529$18,388,022$202,732,038
84$292,626,255$36,741,929$18,869,899$222,711,373
85$322,335,786$38,403,937$19,363,694$244,703,196
86$355,071,332$40,143,025$19,869,673$268,911,797
87$391,141,407$41,962,833$20,388,107$295,562,263
88$430,885,994$43,867,175$20,919,271$324,902,597
89$474,679,746$45,860,047$21,463,447$357,206,055
90$522,935,526$47,945,636$22,020,920$392,773,719
91$576,108,308$50,128,330$22,591,978$431,937,333
92$634,699,464$52,412,727$23,176,918$475,062,427
93$699,261,503$54,803,645$23,776,039$522,551,765
94$770,403,286$57,306,132$24,389,645$574,849,136
95$848,795,769$59,925,481$25,018,046$632,443,541
96$935,178,342$62,667,234$25,661,556$695,873,796
97$1,030,365,809$65,537,204$26,320,493$765,733,617
98$1,135,256,074$68,541,480$26,995,183$842,677,211
99$1,250,838,624$71,686,443$27,685,952$927,425,448
100$1,378,203,867$74,978,782$28,393,135$1,020,772,655