Can I retire at age 45 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$594,569$589,273$584,106$579,063$574,138$559,577
2 years$294,341$288,859$283,547$278,396$273,399$258,824
3 years$194,278$188,773$183,473$178,371$173,456$159,322
4 years$144,257$138,768$133,522$128,506$123,710$110,126
5 years$114,251$108,796$103,618$98,705$94,042$81,047
6 years$94,255$88,840$83,739$78,935$74,413$62,017
7 years$79,977$74,608$69,587$64,897$60,517$48,724
8 years$69,273$63,953$59,016$54,440$50,205$39,008
9 years$60,953$55,682$50,830$46,371$42,280$31,670
10 years$54,300$49,081$44,315$39,972$36,025$25,989
11 years$48,860$43,694$39,014$34,788$30,982$21,506
12 years$44,331$39,217$34,624$30,514$26,849$17,915
13 years$40,501$35,441$30,934$26,939$23,413$15,004
14 years$37,221$32,215$27,795$23,913$20,523$12,621
15 years$34,381$29,429$25,095$21,327$18,070$10,655
16 years$31,899$27,000$22,752$19,096$15,971$9,022
17 years$29,711$24,866$20,704$17,157$14,161$7,658
18 years$27,768$22,978$18,900$15,462$12,591$6,513
19 years$26,031$21,296$17,302$13,971$11,223$5,550
20 years$24,471$19,789$15,879$12,654$10,024$4,736
21 years$23,060$18,433$14,605$11,484$8,971$4,046
22 years$21,780$17,206$13,461$10,442$8,041$3,460
23 years$20,613$16,092$12,429$9,509$7,218$2,962
24 years$19,544$15,078$11,495$8,673$6,488$2,538
25 years$18,563$14,150$10,646$7,921$5,838$2,175
26 years$17,658$13,298$9,874$7,242$5,259$1,866
27 years$16,822$12,515$9,169$6,629$4,741$1,601
28 years$16,047$11,793$8,524$6,074$4,278$1,374
29 years$15,327$11,125$7,932$5,570$3,863$1,180
30 years$14,656$10,507$7,388$5,112$3,490$1,014
31 years$14,030$9,932$6,888$4,695$3,156$871
32 years$13,444$9,398$6,427$4,314$2,854$749
33 years$12,894$8,900$6,000$3,968$2,583$644
34 years$12,378$8,435$5,606$3,650$2,339$553
35 years$11,893$8,001$5,242$3,360$2,118$476
36 years$11,435$7,594$4,903$3,095$1,919$409
37 years$11,004$7,212$4,590$2,852$1,740$352
38 years$10,596$6,854$4,298$2,628$1,577$303
39 years$10,209$6,518$4,027$2,423$1,430$260
40 years$9,844$6,201$3,774$2,235$1,297$224
41 years$9,496$5,903$3,539$2,062$1,177$193
42 years$9,167$5,622$3,320$1,903$1,068$166
43 years$8,853$5,356$3,115$1,757$969$143
44 years$8,555$5,106$2,924$1,622$880$123
45 years$8,270$4,869$2,746$1,498$799$106
46 years$7,999$4,645$2,579$1,384$725$91
47 years$7,740$4,432$2,423$1,279$658$78
48 years$7,493$4,231$2,277$1,181$598$67
49 years$7,256$4,041$2,140$1,092$543$58
50 years$7,030$3,860$2,012$1,009$493$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,200,000, adding $6,249 every year, while hoping to spend $59,735 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: 34/48/18 Blend
44$7,200,000$7,200,000$7,200,000$7,200,000
45$7,940,846$7,559,246$7,447,646$8,166,579
46$8,687,255$7,866,091$7,633,584$8,639,833
47$9,507,795$8,185,970$7,823,750$9,143,843
48$10,409,965$8,519,458$8,018,221$9,686,096
49$11,402,027$8,867,156$8,217,076$10,270,005
50$12,493,081$9,229,695$8,420,396$10,899,311
51$13,693,157$9,607,731$8,628,260$11,578,119
52$15,013,302$10,001,953$8,840,751$12,310,930
53$16,465,691$10,413,081$9,057,948$13,102,682
54$18,063,736$10,841,866$9,279,933$13,958,795
55$19,822,215$11,289,096$9,506,789$14,885,218
56$21,757,413$11,755,594$9,738,599$15,888,482
57$23,887,271$12,242,220$9,975,444$16,975,759
58$26,231,558$12,749,874$10,217,407$18,154,924
59$28,812,058$13,279,499$10,464,571$19,434,629
60$31,652,773$13,832,079$10,717,019$20,824,378
61$34,780,150$14,408,645$10,974,833$22,334,616
62$38,223,331$15,010,275$11,238,096$23,976,819
63$42,014,428$15,638,096$11,506,890$25,763,603
64$46,188,826$16,293,288$11,781,296$27,708,835
65$50,785,513$16,977,086$12,061,397$29,827,759
66$55,847,453$17,690,781$12,347,271$32,137,140
67$61,421,988$18,435,725$12,639,000$34,655,410
68$67,561,286$19,213,330$12,936,661$37,402,843
69$74,322,832$20,025,078$13,240,334$40,401,736
70$81,769,969$20,872,515$13,550,093$43,676,618
71$89,972,500$21,757,262$13,866,015$47,254,472
72$99,007,341$22,681,015$14,188,174$51,164,984
73$108,959,253$23,645,547$14,516,640$55,440,821
74$119,921,634$24,652,716$14,851,485$60,117,923
75$131,997,406$25,704,465$15,192,776$65,235,848
76$145,299,987$26,802,829$15,540,579$70,838,124
77$159,954,354$27,949,936$15,894,956$76,972,665
78$176,098,230$29,148,015$16,255,969$83,692,205
79$193,883,380$30,399,399$16,623,675$91,054,793
80$213,477,045$31,706,529$16,998,128$99,124,330
81$235,063,516$33,071,961$17,379,378$107,971,165
82$258,845,879$34,498,372$17,767,472$117,672,745
83$285,047,929$35,988,562$18,162,452$128,314,341
84$313,916,281$37,545,465$18,564,357$139,989,838
85$345,722,698$39,172,150$18,973,220$152,802,613
86$380,766,659$40,871,831$19,389,069$166,866,500
87$419,378,183$42,647,875$19,811,927$182,306,847
88$461,920,941$44,503,804$20,241,810$199,261,695
89$508,795,695$46,443,309$20,678,729$217,883,061
90$560,444,077$48,470,252$21,122,687$238,338,361
91$617,352,757$50,588,679$21,573,682$260,811,977
92$680,058,040$52,802,825$22,031,701$285,506,984
93$749,150,923$55,117,127$22,496,726$312,647,047
94$825,282,680$57,536,228$22,968,729$342,478,518
95$909,171,004$60,064,995$23,447,673$375,272,748
96$1,001,606,786$62,708,519$23,933,510$411,328,622
97$1,103,461,579$65,472,137$24,426,183$450,975,371
98$1,215,695,824$68,361,436$24,925,624$494,575,654
99$1,339,367,919$71,382,267$25,431,753$542,528,964
100$1,475,644,207$74,540,759$25,944,477$595,275,375