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%11.7%
1 years$553,280$548,351$543,543$538,850$534,267$530,456
2 years$273,901$268,800$263,856$259,063$254,413$250,570
3 years$180,787$175,664$170,732$165,984$161,410$157,654
4 years$134,239$129,131$124,249$119,582$115,119$111,479
5 years$106,317$101,241$96,423$91,850$87,512$83,998
6 years$87,709$82,671$77,924$73,454$69,245$65,863
7 years$74,423$69,427$64,755$60,390$56,315$53,065
8 years$64,463$59,511$54,917$50,660$46,718$43,602
9 years$56,720$51,815$47,300$43,151$39,344$36,359
10 years$50,529$45,673$41,238$37,197$33,523$30,669
11 years$45,467$40,660$36,305$32,372$28,831$26,105
12 years$41,252$36,494$32,220$28,395$24,984$22,385
13 years$37,689$32,980$28,786$25,068$21,787$19,310
14 years$34,636$29,978$25,864$22,253$19,098$16,742
15 years$31,994$27,385$23,352$19,846$16,815$14,577
16 years$29,684$25,125$21,172$17,770$14,862$12,736
17 years$27,647$23,140$19,266$15,966$13,177$11,162
18 years$25,839$21,382$17,587$14,388$11,717$9,808
19 years$24,224$19,817$16,100$13,001$10,443$8,638
20 years$22,771$18,415$14,776$11,775$9,328$7,622
21 years$21,459$17,152$13,591$10,687$8,348$6,737
22 years$20,267$16,011$12,526$9,717$7,482$5,964
23 years$19,181$14,975$11,566$8,849$6,717$5,286
24 years$18,187$14,031$10,696$8,071$6,037$4,690
25 years$17,274$13,167$9,907$7,371$5,432$4,166
26 years$16,432$12,375$9,188$6,739$4,893$3,704
27 years$15,654$11,646$8,532$6,169$4,412$3,295
28 years$14,933$10,974$7,932$5,652$3,981$2,934
29 years$14,263$10,353$7,381$5,183$3,595$2,613
30 years$13,638$9,777$6,875$4,757$3,248$2,329
31 years$13,055$9,243$6,410$4,369$2,936$2,077
32 years$12,510$8,745$5,980$4,015$2,656$1,853
33 years$11,999$8,282$5,584$3,692$2,404$1,654
34 years$11,519$7,850$5,217$3,397$2,176$1,477
35 years$11,067$7,445$4,878$3,127$1,971$1,319
36 years$10,641$7,067$4,563$2,880$1,786$1,178
37 years$10,239$6,712$4,271$2,654$1,619$1,052
38 years$9,860$6,378$3,999$2,446$1,468$940
39 years$9,500$6,065$3,747$2,255$1,331$841
40 years$9,160$5,771$3,512$2,080$1,207$752
41 years$8,837$5,493$3,293$1,919$1,095$672
42 years$8,530$5,231$3,089$1,771$994$601
43 years$8,238$4,984$2,899$1,635$902$537
44 years$7,961$4,751$2,721$1,510$819$481
45 years$7,696$4,531$2,555$1,394$743$430
46 years$7,444$4,322$2,400$1,288$675$385
47 years$7,203$4,125$2,254$1,190$613$344
48 years$6,972$3,938$2,119$1,099$556$308
49 years$6,752$3,760$1,991$1,016$505$276
50 years$6,542$3,592$1,872$939$459$247

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 $5,173 every year, while hoping to spend $45,534 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: 55/16/29 Blend
44$6,700,000$6,700,000$6,700,000$6,700,000
45$7,388,736$7,033,636$6,929,786$7,735,406
46$8,093,939$7,329,836$7,113,486$8,271,563
47$8,869,547$7,639,024$7,301,814$8,850,110
48$9,722,693$7,961,788$7,494,876$9,479,354
49$10,661,236$8,298,744$7,692,783$10,164,195
50$11,693,835$8,650,536$7,895,644$10,910,022
51$12,830,031$9,017,838$8,103,574$11,722,766
52$14,080,338$9,401,355$8,316,687$12,608,951
53$15,456,338$9,801,827$8,535,101$13,575,757
54$16,970,793$10,220,025$8,758,936$14,631,085
55$18,637,767$10,656,760$8,988,314$15,783,631
56$20,472,756$11,112,877$9,223,358$17,042,967
57$22,492,831$11,589,262$9,464,195$18,419,627
58$24,716,808$12,086,844$9,710,954$19,925,209
59$27,165,417$12,606,594$9,963,765$21,572,480
60$29,861,499$13,149,527$10,222,761$23,375,495
61$32,830,226$13,716,708$10,488,078$25,349,729
62$36,099,333$14,309,250$10,759,852$27,512,221
63$39,699,383$14,928,321$11,038,225$29,881,733
64$43,664,051$15,575,141$11,323,337$32,478,923
65$48,030,449$16,250,987$11,615,334$35,326,543
66$52,839,469$16,957,199$11,914,361$38,449,646
67$58,136,171$17,695,178$12,220,568$41,875,824
68$63,970,209$18,466,391$12,534,106$45,635,462
69$70,396,300$19,272,373$12,855,128$49,762,029
70$77,474,737$20,114,735$13,183,790$54,292,387
71$85,271,963$20,995,159$13,520,249$59,267,134
72$93,861,192$21,915,411$13,864,667$64,730,992
73$103,323,105$22,877,337$14,217,204$70,733,219
74$113,746,606$23,882,871$14,578,025$77,328,076
75$125,229,668$24,934,040$14,947,297$84,575,332
76$137,880,251$26,032,965$15,325,188$92,540,830
77$151,817,324$27,181,867$15,711,869$101,297,101
78$167,171,987$28,383,075$16,107,513$110,924,047
79$184,088,708$29,639,024$16,512,293$121,509,692
80$202,726,688$30,952,268$16,926,386$133,151,009
81$223,261,361$32,325,480$17,349,971$145,954,832
82$245,886,052$33,761,461$17,783,228$160,038,859
83$270,813,801$35,263,144$18,226,337$175,532,759
84$298,279,372$36,833,601$18,679,483$192,579,397
85$328,541,473$38,476,052$19,142,850$211,336,168
86$361,885,192$40,193,868$19,616,625$231,976,488
87$398,624,694$41,990,580$20,100,994$254,691,422
88$439,106,182$43,869,887$20,596,147$279,691,481
89$483,711,168$45,835,667$21,102,273$307,208,606
90$532,860,071$47,891,979$21,619,563$337,498,354
91$587,016,189$50,043,077$22,148,209$370,842,300
92$646,690,069$52,293,416$22,688,403$407,550,694
93$712,444,329$54,647,667$23,240,338$447,965,380
94$784,898,968$57,110,720$23,804,206$492,463,018
95$864,737,217$59,687,699$24,380,202$541,458,634
96$952,711,992$62,383,976$24,968,518$595,409,529
97$1,049,653,000$65,205,174$25,569,347$654,819,591
98$1,156,474,567$68,157,190$26,182,882$720,244,041
99$1,274,184,279$71,246,198$26,809,314$792,294,672
100$1,403,892,485$74,478,671$27,448,836$871,645,610