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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$553,280$548,351$543,543$538,850$534,267$517,580
2 years$273,901$268,800$263,856$259,063$254,413$237,749
3 years$180,787$175,664$170,732$165,984$161,410$145,292
4 years$134,239$129,131$124,249$119,582$115,119$99,671
5 years$106,317$101,241$96,423$91,850$87,512$72,776
6 years$87,709$82,671$77,924$73,454$69,245$55,233
7 years$74,423$69,427$64,755$60,390$56,315$43,026
8 years$64,463$59,511$54,917$50,660$46,718$34,144
9 years$56,720$51,815$47,300$43,151$39,344$27,470
10 years$50,529$45,673$41,238$37,197$33,523$22,332
11 years$45,467$40,660$36,305$32,372$28,831$18,303
12 years$41,252$36,494$32,220$28,395$24,984$15,097
13 years$37,689$32,980$28,786$25,068$21,787$12,516
14 years$34,636$29,978$25,864$22,253$19,098$10,420
15 years$31,994$27,385$23,352$19,846$16,815$8,704
16 years$29,684$25,125$21,172$17,770$14,862$7,291
17 years$27,647$23,140$19,266$15,966$13,177$6,121
18 years$25,839$21,382$17,587$14,388$11,717$5,149
19 years$24,224$19,817$16,100$13,001$10,443$4,338
20 years$22,771$18,415$14,776$11,775$9,328$3,660
21 years$21,459$17,152$13,591$10,687$8,348$3,091
22 years$20,267$16,011$12,526$9,717$7,482$2,613
23 years$19,181$14,975$11,566$8,849$6,717$2,210
24 years$18,187$14,031$10,696$8,071$6,037$1,871
25 years$17,274$13,167$9,907$7,371$5,432$1,585
26 years$16,432$12,375$9,188$6,739$4,893$1,343
27 years$15,654$11,646$8,532$6,169$4,412$1,139
28 years$14,933$10,974$7,932$5,652$3,981$966
29 years$14,263$10,353$7,381$5,183$3,595$819
30 years$13,638$9,777$6,875$4,757$3,248$695
31 years$13,055$9,243$6,410$4,369$2,936$590
32 years$12,510$8,745$5,980$4,015$2,656$501
33 years$11,999$8,282$5,584$3,692$2,404$425
34 years$11,519$7,850$5,217$3,397$2,176$361
35 years$11,067$7,445$4,878$3,127$1,971$306
36 years$10,641$7,067$4,563$2,880$1,786$260
37 years$10,239$6,712$4,271$2,654$1,619$221
38 years$9,860$6,378$3,999$2,446$1,468$188
39 years$9,500$6,065$3,747$2,255$1,331$159
40 years$9,160$5,771$3,512$2,080$1,207$135
41 years$8,837$5,493$3,293$1,919$1,095$115
42 years$8,530$5,231$3,089$1,771$994$98
43 years$8,238$4,984$2,899$1,635$902$83
44 years$7,961$4,751$2,721$1,510$819$70
45 years$7,696$4,531$2,555$1,394$743$60
46 years$7,444$4,322$2,400$1,288$675$51
47 years$7,203$4,125$2,254$1,190$613$43
48 years$6,972$3,938$2,119$1,099$556$37
49 years$6,752$3,760$1,991$1,016$505$31
50 years$6,542$3,592$1,872$939$459$27

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 $5,412 every year, while hoping to spend $38,969 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: 23/48/29 Blend
44$6,700,000$6,700,000$6,700,000$6,700,000
45$7,388,982$7,033,882$6,930,032$7,491,230
46$8,101,196$7,337,080$7,120,726$7,884,235
47$8,884,749$7,653,828$7,316,501$8,301,074
48$9,746,878$7,984,750$7,517,488$8,746,530
49$10,695,553$8,330,497$7,723,818$9,222,991
50$11,739,561$8,691,752$7,935,627$9,733,068
51$12,888,578$9,069,230$8,153,053$10,279,615
52$14,153,270$9,463,680$8,376,237$10,865,755
53$15,545,388$9,875,884$8,605,325$11,494,905
54$17,077,879$10,306,663$8,840,465$12,170,803
55$18,765,010$10,756,877$9,081,808$12,897,544
56$20,622,502$11,227,425$9,329,509$13,679,612
57$22,667,677$11,719,249$9,583,728$14,521,919
58$24,919,622$12,233,335$9,844,625$15,429,848
59$27,399,371$12,770,716$10,112,368$16,409,302
60$30,130,100$13,332,474$10,387,125$17,466,749
61$33,137,347$13,919,742$10,669,071$18,609,284
62$36,449,254$14,533,706$10,958,382$19,844,692
63$40,096,830$15,175,610$11,255,239$21,181,512
64$44,114,246$15,846,754$11,559,829$22,629,116
65$48,539,155$16,548,501$11,872,340$24,197,792
66$53,413,051$17,282,280$12,192,965$25,898,831
67$58,781,656$18,049,585$12,521,903$27,744,637
68$64,695,353$18,851,983$12,859,355$29,748,827
69$71,209,664$19,691,115$13,205,528$31,926,364
70$78,385,768$20,568,699$13,560,633$34,293,681
71$86,291,087$21,486,535$13,924,884$36,868,839
72$94,999,911$22,446,509$14,298,501$39,671,684
73$104,594,111$23,450,596$14,681,709$42,724,027
74$115,163,901$24,500,866$15,074,738$46,049,846
75$126,808,697$25,599,487$15,477,820$49,675,500
76$139,638,053$26,748,730$15,891,195$53,629,971
77$153,772,690$27,950,975$16,315,106$57,945,131
78$169,345,645$29,208,713$16,749,803$62,656,027
79$186,503,518$30,524,556$17,195,538$67,801,209
80$205,407,859$31,901,242$17,652,571$73,423,077
81$226,236,694$33,341,636$18,121,165$79,568,278
82$249,186,203$34,848,742$18,601,590$86,288,129
83$274,472,573$36,425,708$19,094,121$93,639,091
84$302,334,037$38,075,830$19,599,036$101,683,291
85$333,033,127$39,802,564$20,116,622$110,489,096
86$366,859,147$41,609,530$20,647,169$120,131,744
87$404,130,904$43,500,521$21,190,974$130,694,038
88$445,199,723$45,479,513$21,748,338$142,267,117
89$490,452,756$47,550,671$22,319,569$154,951,299
90$540,316,643$49,718,359$22,904,980$168,857,012
91$595,261,534$51,987,152$23,504,890$184,105,818
92$655,805,530$54,361,842$24,119,624$200,831,548
93$722,519,574$56,847,453$24,749,511$219,181,539
94$796,032,841$59,449,248$25,394,890$239,318,015
95$877,038,672$62,172,743$26,056,101$261,419,591
96$966,301,129$65,023,720$26,733,492$285,682,940
97$1,064,662,199$68,008,237$27,427,419$312,324,629
98$1,173,049,746$71,132,643$28,138,240$341,583,142
99$1,292,486,271$74,403,593$28,866,322$373,721,101
100$1,424,098,563$77,828,062$29,612,036$409,027,726