Can I retire at age 45 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$569,796$564,720$559,768$554,935$550,216$531,116
2 years$282,077$276,824$271,732$266,796$262,007$242,963
3 years$186,183$180,907$175,829$170,939$166,228$147,836
4 years$138,246$132,986$127,958$123,152$118,555$100,957
5 years$109,491$104,263$99,301$94,592$90,124$73,365
6 years$90,327$85,138$80,250$75,646$71,312$55,406
7 years$76,644$71,499$66,688$62,193$57,996$42,940
8 years$66,387$61,288$56,557$52,172$48,113$33,895
9 years$58,413$53,362$48,712$44,439$40,518$27,120
10 years$52,037$47,036$42,468$38,307$34,524$21,923
11 years$46,825$41,873$37,389$33,338$29,691$17,863
12 years$42,484$37,583$33,181$29,242$25,730$14,646
13 years$38,814$33,964$29,645$25,817$22,437$12,069
14 years$35,670$30,873$26,637$22,917$19,668$9,985
15 years$32,949$28,203$24,049$20,438$17,317$8,287
16 years$30,570$25,875$21,804$18,300$15,305$6,897
17 years$28,473$23,830$19,841$16,442$13,571$5,752
18 years$26,611$22,020$18,112$14,818$12,066$4,806
19 years$24,947$20,408$16,581$13,389$10,755$4,022
20 years$23,451$18,964$15,217$12,127$9,607$3,370
21 years$22,099$17,665$13,997$11,006$8,597$2,826
22 years$20,872$16,489$12,900$10,007$7,706$2,372
23 years$19,754$15,422$11,911$9,113$6,917$1,993
24 years$18,730$14,449$11,016$8,312$6,217$1,675
25 years$17,789$13,560$10,203$7,591$5,595$1,408
26 years$16,922$12,744$9,463$6,941$5,039$1,185
27 years$16,121$11,994$8,787$6,353$4,543$997
28 years$15,379$11,302$8,168$5,821$4,100$839
29 years$14,688$10,662$7,601$5,338$3,702$707
30 years$14,045$10,069$7,080$4,899$3,345$595
31 years$13,445$9,519$6,601$4,499$3,024$502
32 years$12,883$9,006$6,159$4,135$2,736$423
33 years$12,357$8,529$5,750$3,802$2,476$356
34 years$11,862$8,084$5,373$3,498$2,241$300
35 years$11,397$7,667$5,023$3,220$2,030$253
36 years$10,959$7,277$4,699$2,966$1,839$213
37 years$10,545$6,912$4,398$2,733$1,667$180
38 years$10,154$6,569$4,119$2,519$1,511$151
39 years$9,784$6,246$3,859$2,322$1,371$128
40 years$9,433$5,943$3,617$2,142$1,243$108
41 years$9,101$5,657$3,392$1,976$1,128$91
42 years$8,785$5,388$3,181$1,824$1,023$76
43 years$8,484$5,133$2,985$1,684$929$64
44 years$8,198$4,893$2,802$1,555$843$54
45 years$7,926$4,666$2,631$1,436$765$46
46 years$7,666$4,451$2,471$1,326$695$39
47 years$7,418$4,248$2,322$1,225$631$33
48 years$7,180$4,055$2,182$1,132$573$27
49 years$6,954$3,872$2,051$1,046$520$23
50 years$6,737$3,699$1,928$967$473$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,900,000, adding $5,135 every year, while hoping to spend $31,350 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: 46/38/16 Blend
44$6,900,000$6,900,000$6,900,000$6,900,000
45$7,609,097$7,243,397$7,136,447$7,924,273
46$8,351,868$7,564,967$7,342,162$8,465,741
47$9,169,352$7,901,244$7,553,717$9,049,244
48$10,069,135$8,252,914$7,771,276$9,681,597
49$11,059,579$8,620,698$7,995,005$10,367,354
50$12,149,894$9,005,350$8,225,076$11,111,513
51$13,350,232$9,407,661$8,461,665$11,919,564
52$14,671,777$9,828,458$8,704,952$12,797,537
53$16,126,854$10,268,609$8,955,124$13,752,055
54$17,729,044$10,729,021$9,212,371$14,790,398
55$19,493,311$11,210,647$9,476,890$15,920,562
56$21,436,143$11,714,484$9,748,881$17,151,337
57$23,575,712$12,241,576$10,028,550$18,492,384
58$25,932,039$12,793,017$10,316,111$19,954,325
59$28,527,187$13,369,955$10,611,781$21,548,836
60$31,385,467$13,973,590$10,915,783$23,288,758
61$34,533,670$14,605,182$11,228,347$25,188,211
62$38,001,317$15,266,048$11,549,708$27,262,724
63$41,820,937$15,957,570$11,880,110$29,529,378
64$46,028,379$16,681,198$12,219,800$32,006,964
65$50,663,144$17,438,446$12,569,033$34,716,153
66$55,768,760$18,230,906$12,928,072$37,679,687
67$61,393,196$19,060,242$13,297,184$40,922,591
68$67,589,309$19,928,201$13,676,647$44,472,401
69$74,415,346$20,836,611$14,066,742$48,359,420
70$81,935,496$21,787,389$14,467,762$52,616,998
71$90,220,488$22,782,543$14,880,004$57,281,840
72$99,348,268$23,824,178$15,303,775$62,394,347
73$109,404,729$24,914,500$15,739,388$67,998,992
74$120,484,521$26,055,820$16,187,167$74,144,730
75$132,691,947$27,250,561$16,647,443$80,885,455
76$146,141,949$28,501,261$17,120,555$88,280,501
77$160,961,186$29,810,581$17,606,853$96,395,193
78$177,289,238$31,181,310$18,106,693$105,301,457
79$195,279,916$32,616,371$18,620,443$115,078,490
80$215,102,720$34,118,825$19,148,480$125,813,498
81$236,944,433$35,691,883$19,691,190$137,602,508
82$261,010,890$37,338,910$20,248,969$150,551,269
83$287,528,916$39,063,432$20,822,226$164,776,237
84$316,748,472$40,869,146$21,411,376$180,405,664
85$348,945,007$42,759,925$22,016,848$197,580,798
86$384,422,067$44,739,831$22,639,082$216,457,201
87$423,514,154$46,813,119$23,278,527$237,206,212
88$466,589,886$48,984,251$23,935,647$260,016,546
89$514,055,478$51,257,903$24,610,914$285,096,063
90$566,358,574$53,638,976$25,304,816$312,673,718
91$623,992,472$56,132,610$26,017,851$343,001,705
92$687,500,785$58,744,189$26,750,531$376,357,824
93$757,482,570$61,479,359$27,503,379$413,048,085
94$834,597,984$64,344,040$28,276,934$453,409,585
95$919,574,514$67,344,433$29,071,746$497,813,664
96$1,013,213,848$70,487,043$29,888,383$546,669,402
97$1,116,399,439$73,778,688$30,727,423$600,427,452
98$1,230,104,851$77,226,512$31,589,461$659,584,281
99$1,355,402,944$80,838,010$32,475,106$724,686,829
100$1,493,476,006$84,621,033$33,384,983$796,337,657