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%14.1%
1 years$569,796$564,720$559,768$554,935$550,216$540,878
2 years$282,077$276,824$271,732$266,796$262,007$252,629
3 years$186,183$180,907$175,829$170,939$166,228$157,100
4 years$138,246$132,986$127,958$123,152$118,555$109,749
5 years$109,491$104,263$99,301$94,592$90,124$81,664
6 years$90,327$85,138$80,250$75,646$71,312$63,208
7 years$76,644$71,499$66,688$62,193$57,996$50,250
8 years$66,387$61,288$56,557$52,172$48,113$40,725
9 years$58,413$53,362$48,712$44,439$40,518$33,483
10 years$52,037$47,036$42,468$38,307$34,524$27,835
11 years$46,825$41,873$37,389$33,338$29,691$23,342
12 years$42,484$37,583$33,181$29,242$25,730$19,712
13 years$38,814$33,964$29,645$25,817$22,437$16,741
14 years$35,670$30,873$26,637$22,917$19,668$14,285
15 years$32,949$28,203$24,049$20,438$17,317$12,237
16 years$30,570$25,875$21,804$18,300$15,305$10,516
17 years$28,473$23,830$19,841$16,442$13,571$9,062
18 years$26,611$22,020$18,112$14,818$12,066$7,827
19 years$24,947$20,408$16,581$13,389$10,755$6,774
20 years$23,451$18,964$15,217$12,127$9,607$5,872
21 years$22,099$17,665$13,997$11,006$8,597$5,098
22 years$20,872$16,489$12,900$10,007$7,706$4,432
23 years$19,754$15,422$11,911$9,113$6,917$3,856
24 years$18,730$14,449$11,016$8,312$6,217$3,359
25 years$17,789$13,560$10,203$7,591$5,595$2,928
26 years$16,922$12,744$9,463$6,941$5,039$2,554
27 years$16,121$11,994$8,787$6,353$4,543$2,229
28 years$15,379$11,302$8,168$5,821$4,100$1,947
29 years$14,688$10,662$7,601$5,338$3,702$1,701
30 years$14,045$10,069$7,080$4,899$3,345$1,486
31 years$13,445$9,519$6,601$4,499$3,024$1,300
32 years$12,883$9,006$6,159$4,135$2,736$1,137
33 years$12,357$8,529$5,750$3,802$2,476$994
34 years$11,862$8,084$5,373$3,498$2,241$870
35 years$11,397$7,667$5,023$3,220$2,030$761
36 years$10,959$7,277$4,699$2,966$1,839$667
37 years$10,545$6,912$4,398$2,733$1,667$584
38 years$10,154$6,569$4,119$2,519$1,511$511
39 years$9,784$6,246$3,859$2,322$1,371$447
40 years$9,433$5,943$3,617$2,142$1,243$392
41 years$9,101$5,657$3,392$1,976$1,128$343
42 years$8,785$5,388$3,181$1,824$1,023$301
43 years$8,484$5,133$2,985$1,684$929$263
44 years$8,198$4,893$2,802$1,555$843$231
45 years$7,926$4,666$2,631$1,436$765$202
46 years$7,666$4,451$2,471$1,326$695$177
47 years$7,418$4,248$2,322$1,225$631$155
48 years$7,180$4,055$2,182$1,132$573$136
49 years$6,954$3,872$2,051$1,046$520$119
50 years$6,737$3,699$1,928$967$473$104

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 $6,686 every year, while hoping to spend $25,239 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: 62/30/8 Blend
44$6,900,000$6,900,000$6,900,000$6,900,000
45$7,610,697$7,244,997$7,138,047$8,069,550
46$8,360,134$7,573,147$7,350,317$8,705,136
47$9,185,167$7,916,532$7,568,853$9,395,032
48$10,093,482$8,275,869$7,793,837$10,147,384
49$11,093,544$8,651,914$8,025,458$10,968,231
50$12,194,685$9,045,457$8,263,909$11,864,213
51$13,407,184$9,457,326$8,509,392$12,842,629
52$14,742,370$9,888,388$8,762,110$13,911,512
53$16,212,727$10,339,554$9,022,275$15,079,693
54$17,832,009$10,811,776$9,290,105$16,356,888
55$19,615,373$11,306,052$9,565,823$17,753,786
56$21,579,522$11,823,430$9,849,660$19,282,148
57$23,742,862$12,365,006$10,141,851$20,954,914
58$26,125,671$12,931,929$10,442,641$22,786,321
59$28,750,301$13,525,405$10,752,280$24,792,039
60$31,641,376$14,146,694$11,071,027$26,989,313
61$34,826,035$14,797,121$11,399,145$29,397,123
62$38,334,183$15,478,072$11,736,908$32,036,360
63$42,198,772$16,191,000$12,084,597$34,930,019
64$46,456,116$16,937,428$12,442,500$38,103,415
65$51,146,231$17,718,953$12,810,915$41,584,414
66$56,313,212$18,537,248$13,190,147$45,403,698
67$62,005,653$19,394,066$13,580,510$49,595,044
68$68,277,101$20,291,246$13,982,328$54,195,643
69$75,186,562$21,230,715$14,395,933$59,246,446
70$82,799,062$22,214,490$14,821,668$64,792,544
71$91,186,257$23,244,691$15,259,884$70,883,590
72$100,427,108$24,323,534$15,710,943$77,574,263
73$110,608,632$25,453,346$16,175,219$84,924,779
74$121,826,717$26,636,564$16,653,093$93,001,450
75$134,187,031$27,875,745$17,144,960$101,877,311
76$147,806,018$29,173,566$17,651,226$111,632,797
77$162,811,996$30,532,835$18,172,306$122,356,500
78$179,346,372$31,956,496$18,708,631$134,145,994
79$197,564,971$33,447,634$19,260,640$147,108,756
80$217,639,514$35,009,484$19,828,787$161,363,165
81$239,759,233$36,645,437$20,413,539$177,039,619
82$264,132,658$38,359,046$21,015,376$194,281,752
83$290,989,588$40,154,039$21,634,791$213,247,787
84$320,583,261$42,034,322$22,272,291$234,112,017
85$353,192,740$44,003,989$22,928,399$257,066,440
86$389,125,549$46,067,335$23,603,650$282,322,566
87$428,720,581$48,228,860$24,298,598$310,113,402
88$472,351,289$50,493,283$25,013,810$340,695,637
89$520,429,218$52,865,551$25,749,870$374,352,062
90$573,407,885$55,350,850$26,507,377$411,394,220
91$631,787,065$57,954,617$27,286,950$452,165,338
92$696,117,506$60,682,554$28,089,224$497,043,558
93$767,006,129$63,540,637$28,914,850$546,445,486
94$845,121,758$66,535,132$29,764,501$600,830,118
95$931,201,432$69,672,608$30,638,867$660,703,154
96$1,026,057,367$72,959,955$31,538,658$726,621,757
97$1,130,584,619$76,404,393$32,464,604$799,199,800
98$1,245,769,537$80,013,495$33,417,454$879,113,641
99$1,372,699,073$83,795,200$34,397,982$967,108,492
100$1,512,571,044$87,757,830$35,406,981$1,064,005,434