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

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$569,796$564,720$559,768$554,935$550,216$547,667
2 years$282,077$276,824$271,732$266,796$262,007$259,435
3 years$186,183$180,907$175,829$170,939$166,228$163,711
4 years$138,246$132,986$127,958$123,152$118,555$116,113
5 years$109,491$104,263$99,301$94,592$90,124$87,764
6 years$90,327$85,138$80,250$75,646$71,312$69,038
7 years$76,644$71,499$66,688$62,193$57,996$55,808
8 years$66,387$61,288$56,557$52,172$48,113$46,012
9 years$58,413$53,362$48,712$44,439$40,518$38,503
10 years$52,037$47,036$42,468$38,307$34,524$32,594
11 years$46,825$41,873$37,389$33,338$29,691$27,846
12 years$42,484$37,583$33,181$29,242$25,730$23,967
13 years$38,814$33,964$29,645$25,817$22,437$20,755
14 years$35,670$30,873$26,637$22,917$19,668$18,065
15 years$32,949$28,203$24,049$20,438$17,317$15,791
16 years$30,570$25,875$21,804$18,300$15,305$13,854
17 years$28,473$23,830$19,841$16,442$13,571$12,192
18 years$26,611$22,020$18,112$14,818$12,066$10,759
19 years$24,947$20,408$16,581$13,389$10,755$9,515
20 years$23,451$18,964$15,217$12,127$9,607$8,433
21 years$22,099$17,665$13,997$11,006$8,597$7,487
22 years$20,872$16,489$12,900$10,007$7,706$6,657
23 years$19,754$15,422$11,911$9,113$6,917$5,927
24 years$18,730$14,449$11,016$8,312$6,217$5,283
25 years$17,789$13,560$10,203$7,591$5,595$4,714
26 years$16,922$12,744$9,463$6,941$5,039$4,211
27 years$16,121$11,994$8,787$6,353$4,543$3,764
28 years$15,379$11,302$8,168$5,821$4,100$3,367
29 years$14,688$10,662$7,601$5,338$3,702$3,014
30 years$14,045$10,069$7,080$4,899$3,345$2,700
31 years$13,445$9,519$6,601$4,499$3,024$2,419
32 years$12,883$9,006$6,159$4,135$2,736$2,169
33 years$12,357$8,529$5,750$3,802$2,476$1,945
34 years$11,862$8,084$5,373$3,498$2,241$1,745
35 years$11,397$7,667$5,023$3,220$2,030$1,566
36 years$10,959$7,277$4,699$2,966$1,839$1,406
37 years$10,545$6,912$4,398$2,733$1,667$1,263
38 years$10,154$6,569$4,119$2,519$1,511$1,134
39 years$9,784$6,246$3,859$2,322$1,371$1,019
40 years$9,433$5,943$3,617$2,142$1,243$916
41 years$9,101$5,657$3,392$1,976$1,128$823
42 years$8,785$5,388$3,181$1,824$1,023$740
43 years$8,484$5,133$2,985$1,684$929$665
44 years$8,198$4,893$2,802$1,555$843$598
45 years$7,926$4,666$2,631$1,436$765$538
46 years$7,666$4,451$2,471$1,326$695$484
47 years$7,418$4,248$2,322$1,225$631$435
48 years$7,180$4,055$2,182$1,132$573$391
49 years$6,954$3,872$2,051$1,046$520$352
50 years$6,737$3,699$1,928$967$473$317

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 $6,393 every year, while hoping to spend $30,152 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: 68/16/16 Blend
44$6,900,000$6,900,000$6,900,000$6,900,000
45$7,610,394$7,244,694$7,137,744$8,098,628
46$8,354,573$7,567,603$7,344,777$8,747,910
47$9,173,648$7,905,323$7,557,735$9,453,673
48$10,075,225$8,258,550$7,776,785$10,224,873
49$11,067,688$8,628,009$8,002,098$11,067,942
50$12,160,274$9,014,463$8,233,849$11,989,958
51$13,363,159$9,418,708$8,472,220$12,998,712
52$14,687,558$9,841,582$8,717,397$14,102,779
53$16,145,829$10,283,960$8,969,569$15,311,597
54$17,751,588$10,746,758$9,228,934$16,635,557
55$19,519,839$11,230,938$9,495,692$18,086,096
56$21,467,115$11,737,507$9,770,051$19,675,808
57$23,611,636$12,267,520$10,052,223$21,418,557
58$25,973,477$12,822,082$10,342,426$23,329,609
59$28,574,759$13,402,352$10,640,885$25,425,773
60$31,439,859$14,009,542$10,947,830$27,725,556
61$34,595,640$14,644,925$11,263,497$30,249,342
62$38,071,701$15,309,832$11,588,130$33,019,576
63$41,900,661$16,005,660$11,921,978$36,060,975
64$46,118,462$16,733,871$12,265,298$39,400,762
65$50,764,713$17,495,998$12,618,354$43,068,919
66$55,883,060$18,293,648$12,981,415$47,098,467
67$61,521,599$19,128,504$13,354,759$51,525,776
68$67,733,330$20,002,329$13,738,672$56,390,906
69$74,576,659$20,916,973$14,133,447$61,737,982
70$82,115,946$21,874,371$14,539,384$67,615,608
71$90,422,112$22,876,555$14,956,793$74,077,321
72$99,573,313$23,925,652$15,385,991$81,182,099
73$109,655,672$25,023,891$15,827,304$88,994,907
74$120,764,098$26,173,609$16,281,066$97,587,312
75$133,003,175$27,377,255$16,747,621$107,038,155
76$146,488,154$28,637,395$17,227,321$117,434,289
77$161,346,038$29,956,720$17,720,529$128,871,397
78$177,716,784$31,338,048$18,227,616$141,454,891
79$195,754,619$32,784,336$18,748,964$155,300,903
80$215,629,500$34,298,679$19,284,965$170,537,377
81$237,528,720$35,884,324$19,836,021$187,305,273
82$261,658,667$37,544,674$20,402,546$205,759,891
83$288,246,782$39,283,295$20,984,963$226,072,335
84$317,543,702$41,103,924$21,583,707$248,431,120
85$349,825,623$43,010,480$22,199,225$273,043,950
86$385,396,913$45,007,070$22,831,975$300,139,671
87$424,592,981$47,097,999$23,482,429$329,970,425
88$467,783,443$49,287,779$24,151,068$362,814,026
89$515,375,614$51,581,140$24,838,389$398,976,576
90$567,818,353$53,983,042$25,544,901$438,795,347
91$625,606,295$56,498,681$26,271,125$482,641,959
92$689,284,527$59,133,506$27,017,598$530,925,882
93$759,453,730$61,893,229$27,784,869$584,098,291
94$836,775,850$64,783,837$28,573,502$642,656,321
95$921,980,349$67,811,607$29,384,076$707,147,751
96$1,015,871,087$70,983,119$30,217,185$778,176,166
97$1,119,333,916$74,305,270$31,073,439$856,406,645
98$1,233,345,039$77,785,291$31,953,463$942,572,033
99$1,358,980,227$81,430,765$32,857,898$1,037,479,850
100$1,497,424,975$85,249,637$33,787,402$1,142,019,900