Can I retire at age 45 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$553,280$548,351$543,543$538,850$534,267$518,411
2 years$273,901$268,800$263,856$259,063$254,413$238,569
3 years$180,787$175,664$170,732$165,984$161,410$146,075
4 years$134,239$129,131$124,249$119,582$115,119$100,411
5 years$106,317$101,241$96,423$91,850$87,512$73,470
6 years$87,709$82,671$77,924$73,454$69,245$55,883
7 years$74,423$69,427$64,755$60,390$56,315$43,631
8 years$64,463$59,511$54,917$50,660$46,718$34,706
9 years$56,720$51,815$47,300$43,151$39,344$27,990
10 years$50,529$45,673$41,238$37,197$33,523$22,812
11 years$45,467$40,660$36,305$32,372$28,831$18,744
12 years$41,252$36,494$32,220$28,395$24,984$15,502
13 years$37,689$32,980$28,786$25,068$21,787$12,887
14 years$34,636$29,978$25,864$22,253$19,098$10,758
15 years$31,994$27,385$23,352$19,846$16,815$9,012
16 years$29,684$25,125$21,172$17,770$14,862$7,571
17 years$27,647$23,140$19,266$15,966$13,177$6,375
18 years$25,839$21,382$17,587$14,388$11,717$5,378
19 years$24,224$19,817$16,100$13,001$10,443$4,545
20 years$22,771$18,415$14,776$11,775$9,328$3,846
21 years$21,459$17,152$13,591$10,687$8,348$3,258
22 years$20,267$16,011$12,526$9,717$7,482$2,763
23 years$19,181$14,975$11,566$8,849$6,717$2,345
24 years$18,187$14,031$10,696$8,071$6,037$1,991
25 years$17,274$13,167$9,907$7,371$5,432$1,692
26 years$16,432$12,375$9,188$6,739$4,893$1,438
27 years$15,654$11,646$8,532$6,169$4,412$1,223
28 years$14,933$10,974$7,932$5,652$3,981$1,041
29 years$14,263$10,353$7,381$5,183$3,595$886
30 years$13,638$9,777$6,875$4,757$3,248$754
31 years$13,055$9,243$6,410$4,369$2,936$642
32 years$12,510$8,745$5,980$4,015$2,656$547
33 years$11,999$8,282$5,584$3,692$2,404$466
34 years$11,519$7,850$5,217$3,397$2,176$397
35 years$11,067$7,445$4,878$3,127$1,971$338
36 years$10,641$7,067$4,563$2,880$1,786$288
37 years$10,239$6,712$4,271$2,654$1,619$245
38 years$9,860$6,378$3,999$2,446$1,468$209
39 years$9,500$6,065$3,747$2,255$1,331$178
40 years$9,160$5,771$3,512$2,080$1,207$152
41 years$8,837$5,493$3,293$1,919$1,095$129
42 years$8,530$5,231$3,089$1,771$994$110
43 years$8,238$4,984$2,899$1,635$902$94
44 years$7,961$4,751$2,721$1,510$819$80
45 years$7,696$4,531$2,555$1,394$743$68
46 years$7,444$4,322$2,400$1,288$675$58
47 years$7,203$4,125$2,254$1,190$613$50
48 years$6,972$3,938$2,119$1,099$556$42
49 years$6,752$3,760$1,991$1,016$505$36
50 years$6,542$3,592$1,872$939$459$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,700,000, adding $4,203 every year, while hoping to spend $29,120 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: 56/14/30 Blend
44$6,700,000$6,700,000$6,700,000$6,700,000
45$7,387,735$7,032,635$6,928,785$7,739,881
46$8,110,301$7,346,251$7,129,916$8,296,824
47$8,905,592$7,674,258$7,336,809$8,900,004
48$9,780,996$8,017,330$7,549,626$9,556,676
49$10,744,654$8,376,175$7,768,534$10,272,017
50$11,805,532$8,751,532$7,993,704$11,051,725
51$12,973,516$9,144,176$8,225,312$11,902,067
52$14,259,494$9,554,921$8,463,540$12,829,938
53$15,675,467$9,984,616$8,708,573$13,842,928
54$17,234,656$10,434,154$8,960,601$14,949,385
55$18,951,632$10,904,468$9,219,822$16,158,499
56$20,842,449$11,396,537$9,486,437$17,480,385
57$22,924,798$11,911,387$9,760,652$18,926,174
58$25,218,174$12,450,092$10,042,681$20,508,121
59$27,744,059$13,013,777$10,332,741$22,239,716
60$30,526,123$13,603,622$10,631,058$24,135,809
61$33,590,451$14,220,863$10,937,862$26,212,751
62$36,965,786$14,866,795$11,253,390$28,488,544
63$40,683,803$15,542,774$11,577,885$30,983,009
64$44,779,403$16,250,223$11,911,597$33,717,972
65$49,291,050$16,990,631$12,254,782$36,717,467
66$54,261,125$17,765,560$12,607,705$40,007,959
67$59,736,332$18,576,645$12,970,637$43,618,597
68$65,768,139$19,425,602$13,343,854$47,581,478
69$72,413,260$20,314,226$13,727,643$51,931,955
70$79,734,190$21,244,402$14,122,298$56,708,963
71$87,799,802$22,218,102$14,528,119$61,955,388
72$96,685,986$23,237,393$14,945,415$67,718,463
73$106,476,376$24,304,444$15,374,505$74,050,216
74$117,263,130$25,421,526$15,815,715$81,007,957
75$129,147,807$26,591,019$16,269,380$88,654,811
76$142,242,323$27,815,418$16,735,843$97,060,319
77$156,670,004$29,097,338$17,215,458$106,301,080
78$172,566,756$30,439,519$17,708,588$116,461,480
79$190,082,344$31,844,834$18,215,604$127,634,480
80$209,381,806$33,316,294$18,736,890$139,922,488
81$230,647,011$34,857,054$19,272,837$153,438,325
82$254,078,378$36,470,421$19,823,848$168,306,284
83$279,896,763$38,159,862$20,390,338$184,663,298
84$308,345,549$39,929,011$20,972,730$202,660,228
85$339,692,939$41,781,677$21,571,461$222,463,284
86$374,234,492$43,721,852$22,186,978$244,255,584
87$412,295,909$45,753,721$22,819,740$268,238,884
88$454,236,109$47,881,671$23,470,219$294,635,469
89$500,450,619$50,110,300$24,138,899$323,690,254
90$551,375,306$52,444,429$24,826,275$355,673,083
91$607,490,491$54,889,109$25,532,859$390,881,270
92$669,325,484$57,449,639$26,259,173$429,642,406
93$737,463,581$60,131,569$27,005,753$472,317,435
94$812,547,572$62,940,722$27,773,152$519,304,062
95$895,285,805$65,883,198$28,561,933$571,040,494
96$986,458,877$68,965,394$29,372,678$628,009,573
97$1,086,927,001$72,194,017$30,205,980$690,743,323
98$1,197,638,127$75,576,095$31,062,453$759,827,966
99$1,319,636,892$79,119,000$31,942,721$835,909,444
100$1,454,074,480$82,830,456$32,847,427$919,699,512