Can I retire at age 45 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$586,311$581,089$575,993$571,020$566,164$550,691
2 years$290,253$284,847$279,608$274,529$269,602$254,126
3 years$191,580$186,151$180,925$175,893$171,047$156,052
4 years$142,253$136,841$131,667$126,721$121,992$107,594
5 years$112,665$107,285$102,179$97,334$92,736$78,975
6 years$92,945$87,606$82,576$77,839$73,379$60,268
7 years$78,866$73,571$68,621$63,996$59,677$47,215
8 years$68,311$63,064$58,196$53,684$49,508$37,690
9 years$60,106$54,909$50,124$45,727$41,693$30,507
10 years$53,546$48,399$43,699$39,417$35,524$24,957
11 years$48,182$43,087$38,472$34,305$30,552$20,586
12 years$43,715$38,673$34,143$30,090$26,476$17,093
13 years$39,939$34,949$30,505$26,565$23,087$14,267
14 years$36,704$31,768$27,409$23,581$20,238$11,960
15 years$33,904$29,020$24,746$21,030$17,819$10,061
16 years$31,456$26,625$22,436$18,830$15,749$8,489
17 years$29,298$24,521$20,416$16,919$13,964$7,179
18 years$27,382$22,659$18,637$15,247$12,416$6,084
19 years$25,670$21,000$17,061$13,777$11,067$5,164
20 years$24,131$19,514$15,658$12,478$9,885$4,390
21 years$22,740$18,177$14,402$11,325$8,846$3,736
22 years$21,477$16,967$13,274$10,297$7,929$3,183
23 years$20,326$15,869$12,256$9,377$7,118$2,714
24 years$19,273$14,868$11,335$8,553$6,398$2,316
25 years$18,305$13,953$10,498$7,811$5,757$1,977
26 years$17,413$13,114$9,737$7,142$5,186$1,689
27 years$16,589$12,341$9,041$6,537$4,675$1,444
28 years$15,824$11,629$8,405$5,989$4,218$1,234
29 years$15,114$10,971$7,822$5,492$3,809$1,056
30 years$14,453$10,361$7,286$5,041$3,442$903
31 years$13,835$9,794$6,792$4,629$3,112$773
32 years$13,257$9,268$6,337$4,255$2,815$661
33 years$12,715$8,777$5,917$3,912$2,547$566
34 years$12,206$8,318$5,529$3,600$2,306$485
35 years$11,728$7,890$5,169$3,314$2,089$415
36 years$11,276$7,488$4,835$3,052$1,893$355
37 years$10,851$7,112$4,526$2,812$1,715$304
38 years$10,448$6,759$4,238$2,592$1,555$261
39 years$10,068$6,427$3,971$2,390$1,410$223
40 years$9,707$6,115$3,722$2,204$1,279$191
41 years$9,364$5,821$3,490$2,034$1,161$164
42 years$9,039$5,544$3,274$1,877$1,053$140
43 years$8,730$5,282$3,072$1,733$956$120
44 years$8,436$5,035$2,883$1,600$867$103
45 years$8,155$4,801$2,707$1,477$788$88
46 years$7,888$4,580$2,543$1,365$715$76
47 years$7,633$4,371$2,389$1,261$649$65
48 years$7,389$4,173$2,245$1,165$590$56
49 years$7,155$3,985$2,110$1,077$536$48
50 years$6,932$3,806$1,984$995$486$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,100,000, adding $2,494 every year, while hoping to spend $39,562 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: 57/34/9 Blend
44$7,100,000$7,100,000$7,100,000$7,100,000
45$7,826,773$7,450,473$7,340,423$8,256,164
46$8,583,010$7,773,452$7,544,233$8,868,813
47$9,415,057$8,110,932$7,753,545$9,531,394
48$10,330,606$8,463,580$7,968,502$10,252,362
49$11,338,129$8,832,097$8,189,248$11,037,306
50$12,446,965$9,217,217$8,415,935$11,892,365
51$13,667,401$9,619,706$8,648,714$12,824,291
52$15,010,773$10,040,369$8,887,743$13,840,504
53$16,489,572$10,480,047$9,133,183$14,949,166
54$18,117,561$10,939,621$9,385,197$16,159,252
55$19,909,905$11,420,016$9,643,954$17,480,634
56$21,883,316$11,922,197$9,909,627$18,924,168
57$24,056,207$12,447,177$10,182,392$20,501,798
58$26,448,867$12,996,016$10,462,429$22,226,666
59$29,083,655$13,569,825$10,749,924$24,113,227
60$31,985,207$14,169,765$11,045,066$26,177,389
61$35,180,670$14,797,056$11,348,048$28,436,658
62$38,699,959$15,452,972$11,659,068$30,910,298
63$42,576,038$16,138,851$11,978,330$33,619,509
64$46,845,230$16,856,091$12,306,040$36,587,627
65$51,547,563$17,606,158$12,642,412$39,840,337
66$56,727,143$18,390,589$12,987,661$43,405,913
67$62,432,575$19,210,991$13,342,011$47,315,480
68$68,717,418$20,069,050$13,705,689$51,603,301
69$75,640,691$20,966,530$14,078,926$56,307,102
70$83,267,433$21,905,281$14,461,961$61,468,417
71$91,669,311$22,887,240$14,855,037$67,132,977
72$100,925,301$23,914,435$15,258,401$73,351,137
73$111,122,432$24,988,993$15,672,308$80,178,346
74$122,356,608$26,113,141$16,097,018$87,675,663
75$134,733,510$27,289,213$16,532,796$95,910,327
76$148,369,596$28,519,653$16,979,913$104,956,389
77$163,393,201$29,807,022$17,438,646$114,895,400
78$179,945,745$31,154,004$17,909,279$125,817,176
79$198,183,073$32,563,411$18,392,101$137,820,638
80$218,276,917$34,038,190$18,887,407$151,014,738
81$240,416,528$35,581,426$19,395,500$165,519,480
82$264,810,453$37,196,355$19,916,689$181,467,044
83$291,688,508$38,886,366$20,451,287$199,003,026
84$321,303,948$40,655,010$20,999,617$218,287,801
85$353,935,854$42,506,009$21,562,008$239,498,030
86$389,891,770$44,443,262$22,138,794$262,828,315
87$429,510,605$46,470,856$22,730,318$288,493,029
88$473,165,832$48,593,073$23,336,929$316,728,325
89$521,269,014$50,814,401$23,958,983$347,794,357
90$574,273,689$53,139,542$24,596,845$381,977,721
91$632,679,651$55,573,426$25,250,885$419,594,150
92$697,037,668$58,121,216$25,921,482$460,991,482
93$767,954,680$60,788,325$26,609,021$506,552,926
94$846,099,531$63,580,427$27,313,897$556,700,671
95$932,209,281$66,503,466$28,036,511$611,899,852
96$1,027,096,165$69,563,674$28,777,272$672,662,926
97$1,131,655,260$72,767,580$29,536,596$739,554,496
98$1,246,872,934$76,122,028$30,314,910$813,196,621
99$1,373,836,160$79,634,194$31,112,645$894,274,669
100$1,513,742,773$83,311,594$31,930,244$983,543,773