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%13%
1 years$553,280$548,351$543,543$538,850$534,267$527,591
2 years$273,901$268,800$263,856$259,063$254,413$247,695
3 years$180,787$175,664$170,732$165,984$161,410$154,860
4 years$134,239$129,131$124,249$119,582$115,119$108,786
5 years$106,317$101,241$96,423$91,850$87,512$81,415
6 years$87,709$82,671$77,924$73,454$69,245$63,392
7 years$74,423$69,427$64,755$60,390$56,315$50,707
8 years$64,463$59,511$54,917$50,660$46,718$41,356
9 years$56,720$51,815$47,300$43,151$39,344$34,224
10 years$50,529$45,673$41,238$37,197$33,523$28,643
11 years$45,467$40,660$36,305$32,372$28,831$24,186
12 years$41,252$36,494$32,220$28,395$24,984$20,569
13 years$37,689$32,980$28,786$25,068$21,787$17,595
14 years$34,636$29,978$25,864$22,253$19,098$15,125
15 years$31,994$27,385$23,352$19,846$16,815$13,054
16 years$29,684$25,125$21,172$17,770$14,862$11,304
17 years$27,647$23,140$19,266$15,966$13,177$9,818
18 years$25,839$21,382$17,587$14,388$11,717$8,547
19 years$24,224$19,817$16,100$13,001$10,443$7,457
20 years$22,771$18,415$14,776$11,775$9,328$6,518
21 years$21,459$17,152$13,591$10,687$8,348$5,706
22 years$20,267$16,011$12,526$9,717$7,482$5,001
23 years$19,181$14,975$11,566$8,849$6,717$4,389
24 years$18,187$14,031$10,696$8,071$6,037$3,856
25 years$17,274$13,167$9,907$7,371$5,432$3,390
26 years$16,432$12,375$9,188$6,739$4,893$2,983
27 years$15,654$11,646$8,532$6,169$4,412$2,627
28 years$14,933$10,974$7,932$5,652$3,981$2,315
29 years$14,263$10,353$7,381$5,183$3,595$2,040
30 years$13,638$9,777$6,875$4,757$3,248$1,799
31 years$13,055$9,243$6,410$4,369$2,936$1,588
32 years$12,510$8,745$5,980$4,015$2,656$1,401
33 years$11,999$8,282$5,584$3,692$2,404$1,237
34 years$11,519$7,850$5,217$3,397$2,176$1,093
35 years$11,067$7,445$4,878$3,127$1,971$965
36 years$10,641$7,067$4,563$2,880$1,786$853
37 years$10,239$6,712$4,271$2,654$1,619$754
38 years$9,860$6,378$3,999$2,446$1,468$666
39 years$9,500$6,065$3,747$2,255$1,331$589
40 years$9,160$5,771$3,512$2,080$1,207$520
41 years$8,837$5,493$3,293$1,919$1,095$460
42 years$8,530$5,231$3,089$1,771$994$407
43 years$8,238$4,984$2,899$1,635$902$360
44 years$7,961$4,751$2,721$1,510$819$318
45 years$7,696$4,531$2,555$1,394$743$282
46 years$7,444$4,322$2,400$1,288$675$249
47 years$7,203$4,125$2,254$1,190$613$220
48 years$6,972$3,938$2,119$1,099$556$195
49 years$6,752$3,760$1,991$1,016$505$172
50 years$6,542$3,592$1,872$939$459$153

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 $6,497 every year, while hoping to spend $47,318 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: 48/43/9 Blend
44$6,700,000$6,700,000$6,700,000$6,700,000
45$7,390,102$7,035,002$6,931,152$7,726,558
46$8,093,546$7,329,371$7,112,999$8,252,515
47$8,867,156$7,636,578$7,299,353$8,817,745
48$9,718,038$7,957,203$7,490,313$9,430,333
49$10,654,023$8,291,850$7,685,984$10,094,705
50$11,683,737$8,641,155$7,886,469$10,815,719
51$12,816,688$9,005,781$8,091,874$11,598,713
52$14,063,347$9,386,421$8,302,309$12,449,550
53$15,435,255$9,783,803$8,517,883$13,374,673
54$16,945,127$10,198,686$8,738,709$14,381,160
55$18,606,974$10,631,865$8,964,899$15,476,792
56$20,436,233$11,084,174$9,196,571$16,670,122
57$22,449,914$11,556,483$9,433,841$17,970,551
58$24,666,759$12,049,705$9,676,829$19,388,415
59$27,107,422$12,564,794$9,925,656$20,935,082
60$29,794,658$13,102,748$10,180,445$22,623,050
61$32,753,545$13,664,615$10,441,321$24,466,068
62$36,011,713$14,251,487$10,708,412$26,479,257
63$39,599,609$14,864,511$10,981,845$28,679,251
64$43,550,784$15,504,887$11,261,751$31,084,351
65$47,902,207$16,173,869$11,548,263$33,714,689
66$52,694,616$16,872,773$11,841,514$36,592,422
67$57,972,902$17,602,974$12,141,640$39,741,928
68$63,786,531$18,365,913$12,448,778$43,190,035
69$70,190,013$19,163,099$12,763,068$46,966,270
70$77,243,414$19,996,110$13,084,650$51,103,132
71$85,012,923$20,866,600$13,413,667$55,636,391
72$93,571,479$21,776,301$13,750,262$60,605,423
73$102,999,455$22,727,025$14,094,582$66,053,575
74$113,385,421$23,720,671$14,446,772$72,028,566
75$124,826,976$24,759,226$14,806,981$78,582,933
76$137,431,672$25,844,772$15,175,358$85,774,519
77$151,318,025$26,979,489$15,552,056$93,667,013
78$166,616,638$28,165,659$15,937,224$102,330,543
79$183,471,432$29,405,672$16,331,018$111,842,328
80$202,041,001$30,702,033$16,733,590$122,287,405
81$222,500,114$32,057,364$17,145,096$133,759,415
82$245,041,360$33,474,409$17,565,692$146,361,484
83$269,876,970$34,956,047$17,995,534$160,207,187
84$297,240,817$36,505,289$18,434,780$175,421,605
85$327,390,622$38,125,290$18,883,586$192,142,501
86$360,610,391$39,819,355$19,342,112$210,521,611
87$397,213,094$41,590,946$19,810,516$230,726,057
88$437,543,616$43,443,688$20,288,955$252,939,922
89$481,982,017$45,381,381$20,777,587$277,365,970
90$530,947,117$47,408,003$21,276,570$304,227,550
91$584,900,450$49,527,722$21,786,062$333,770,690
92$644,350,619$51,744,904$22,306,219$366,266,406
93$709,858,101$54,064,123$22,837,196$402,013,245
94$782,040,533$56,490,171$23,379,148$441,340,089
95$861,578,546$59,028,068$23,932,228$484,609,244
96$949,222,187$61,683,073$24,496,587$532,219,841
97$1,045,798,003$64,460,696$25,072,375$584,611,590
98$1,152,216,839$67,366,710$25,659,740$642,268,910
99$1,269,482,441$70,407,163$26,258,825$705,725,485
100$1,398,700,928$73,588,392$26,869,774$775,569,280