Can I retire at age 45 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$545,022$540,167$535,431$530,807$526,293$509,446
2 years$269,813$264,788$259,918$255,196$250,616$233,798
3 years$178,088$173,042$168,184$163,506$159,001$142,740
4 years$132,235$127,204$122,395$117,797$113,401$97,822
5 years$104,731$99,729$94,983$90,480$86,206$71,350
6 years$86,400$81,437$76,761$72,357$68,211$54,092
7 years$73,312$68,390$63,789$59,489$55,474$42,089
8 years$63,500$58,623$54,098$49,904$46,021$33,361
9 years$55,873$51,042$46,594$42,507$38,757$26,807
10 years$49,775$44,991$40,622$36,641$33,022$21,766
11 years$44,789$40,053$35,763$31,889$28,400$17,816
12 years$40,637$35,949$31,739$27,971$24,611$14,675
13 years$37,126$32,488$28,356$24,694$21,461$12,151
14 years$34,119$29,530$25,478$21,921$18,813$10,101
15 years$31,516$26,977$23,004$19,549$16,564$8,426
16 years$29,240$24,750$20,856$17,504$14,640$7,048
17 years$27,235$22,794$18,978$15,728$12,981$5,909
18 years$25,454$21,063$17,325$14,174$11,542$4,963
19 years$23,862$19,521$15,860$12,807$10,287$4,175
20 years$22,431$18,140$14,555$11,599$9,189$3,516
21 years$21,139$16,896$13,388$10,527$8,223$2,965
22 years$19,965$15,772$12,339$9,572$7,371$2,503
23 years$18,895$14,751$11,393$8,717$6,616$2,114
24 years$17,915$13,821$10,537$7,950$5,947$1,787
25 years$17,016$12,970$9,759$7,261$5,351$1,511
26 years$16,187$12,190$9,051$6,639$4,820$1,278
27 years$15,420$11,472$8,405$6,077$4,346$1,082
28 years$14,710$10,810$7,813$5,568$3,921$916
29 years$14,050$10,198$7,271$5,106$3,541$776
30 years$13,435$9,631$6,773$4,686$3,199$657
31 years$12,861$9,105$6,314$4,303$2,893$557
32 years$12,323$8,615$5,891$3,955$2,617$472
33 years$11,820$8,158$5,500$3,637$2,368$400
34 years$11,347$7,732$5,139$3,346$2,144$339
35 years$10,902$7,334$4,805$3,080$1,942$287
36 years$10,482$6,961$4,495$2,837$1,759$244
37 years$10,087$6,611$4,207$2,614$1,595$207
38 years$9,713$6,283$3,940$2,409$1,446$175
39 years$9,359$5,975$3,691$2,221$1,311$148
40 years$9,023$5,684$3,460$2,049$1,189$126
41 years$8,705$5,411$3,244$1,890$1,079$107
42 years$8,403$5,153$3,043$1,745$979$91
43 years$8,115$4,910$2,856$1,611$888$77
44 years$7,842$4,680$2,680$1,487$806$65
45 years$7,581$4,463$2,517$1,373$732$55
46 years$7,332$4,258$2,364$1,269$665$47
47 years$7,095$4,063$2,221$1,172$604$40
48 years$6,868$3,879$2,087$1,083$548$34
49 years$6,651$3,704$1,962$1,001$498$29
50 years$6,444$3,538$1,844$925$452$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,600,000, adding $6,962 every year, while hoping to spend $29,526 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: 30/42/28 Blend
44$6,600,000$6,600,000$6,600,000$6,600,000
45$7,280,381$6,930,581$6,828,281$7,435,903
46$7,991,565$7,238,764$7,025,613$7,866,241
47$8,774,299$7,561,059$7,228,566$8,325,800
48$9,635,852$7,898,125$7,437,298$8,819,598
49$10,584,230$8,250,654$7,651,968$9,350,634
50$11,628,257$8,619,372$7,872,744$9,922,193
51$12,777,654$9,005,036$8,099,796$10,537,872
52$14,043,134$9,408,442$8,333,299$11,201,613
53$15,436,501$9,830,423$8,573,432$11,917,739
54$16,970,762$10,271,851$8,820,380$12,690,986
55$18,660,250$10,733,642$9,074,332$13,526,552
56$20,520,757$11,216,752$9,335,483$14,430,135
57$22,569,686$11,722,184$9,604,034$15,407,990
58$24,826,214$12,250,992$9,880,189$16,466,978
59$27,311,472$12,804,274$10,164,160$17,614,632
60$30,048,745$13,383,187$10,456,162$18,859,221
61$33,063,693$13,988,939$10,756,420$20,209,826
62$36,384,589$14,622,797$11,065,160$21,676,418
63$40,042,592$15,286,088$11,382,617$23,269,951
64$44,072,034$15,980,204$11,709,032$25,002,458
65$48,510,750$16,706,603$12,044,653$26,887,161
66$53,400,431$17,466,811$12,389,734$28,938,589
67$58,787,020$18,262,429$12,744,534$31,172,712
68$64,721,142$19,095,135$13,109,323$33,607,084
69$71,258,587$19,966,685$13,484,374$36,261,002
70$78,460,832$20,878,921$13,869,969$39,155,683
71$86,395,623$21,833,775$14,266,399$42,314,459
72$95,137,614$22,833,267$14,673,961$45,762,988
73$104,769,071$23,879,518$15,092,959$49,529,489
74$115,380,651$24,974,748$15,523,708$53,645,002
75$127,072,253$26,121,287$15,966,528$58,143,674
76$139,953,967$27,321,574$16,421,751$63,063,071
77$154,147,106$28,578,166$16,889,714$68,444,523
78$169,785,357$29,893,742$17,370,766$74,333,509
79$187,016,040$31,271,112$17,865,263$80,780,074
80$206,001,499$32,713,220$18,373,572$87,839,291
81$226,920,634$34,223,149$18,896,069$95,571,774
82$249,970,591$35,804,136$19,433,139$104,044,236
83$275,368,621$37,459,568$19,985,179$113,330,107
84$303,354,133$39,192,999$20,552,595$123,510,220
85$334,190,951$41,008,153$21,135,803$134,673,556
86$368,169,807$42,908,932$21,735,232$146,918,075
87$405,611,085$44,899,427$22,351,320$160,351,624
88$446,867,844$46,983,927$22,984,517$175,092,947
89$492,329,152$49,166,928$23,635,287$191,272,782
90$542,423,758$51,453,140$24,304,102$209,035,087
91$597,624,141$53,847,503$24,991,448$228,538,381
92$658,450,967$56,355,195$25,697,826$249,957,222
93$725,478,009$58,981,642$26,423,745$273,483,838
94$799,337,557$61,732,534$27,169,732$299,329,924
95$880,726,394$64,613,834$27,936,325$327,728,618
96$970,412,369$67,631,795$28,724,075$358,936,688
97$1,069,241,648$70,792,970$29,533,548$393,236,926
98$1,178,146,701$74,104,231$30,365,327$430,940,804
99$1,298,155,105$77,572,778$31,220,006$472,391,382
100$1,430,399,245$81,206,164$32,098,196$517,966,533