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

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 $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%19.7%
1 years$594,569$589,273$584,106$579,063$574,138$551,794
2 years$294,341$288,859$283,547$278,396$273,399$251,158
3 years$194,278$188,773$183,473$178,371$173,456$152,017
4 years$144,257$138,768$133,522$128,506$123,710$103,238
5 years$114,251$108,796$103,618$98,705$94,042$74,589
6 years$94,255$88,840$83,739$78,935$74,413$55,990
7 years$79,977$74,608$69,587$64,897$60,517$43,120
8 years$69,273$63,953$59,016$54,440$50,205$33,816
9 years$60,953$55,682$50,830$46,371$42,280$26,875
10 years$54,300$49,081$44,315$39,972$36,025$21,574
11 years$48,860$43,694$39,014$34,788$30,982$17,453
12 years$44,331$39,217$34,624$30,514$26,849$14,205
13 years$40,501$35,441$30,934$26,939$23,413$11,618
14 years$37,221$32,215$27,795$23,913$20,523$9,538
15 years$34,381$29,429$25,095$21,327$18,070$7,855
16 years$31,899$27,000$22,752$19,096$15,971$6,485
17 years$29,711$24,866$20,704$17,157$14,161$5,365
18 years$27,768$22,978$18,900$15,462$12,591$4,446
19 years$26,031$21,296$17,302$13,971$11,223$3,689
20 years$24,471$19,789$15,879$12,654$10,024$3,065
21 years$23,060$18,433$14,605$11,484$8,971$2,549
22 years$21,780$17,206$13,461$10,442$8,041$2,121
23 years$20,613$16,092$12,429$9,509$7,218$1,766
24 years$19,544$15,078$11,495$8,673$6,488$1,472
25 years$18,563$14,150$10,646$7,921$5,838$1,227
26 years$17,658$13,298$9,874$7,242$5,259$1,023
27 years$16,822$12,515$9,169$6,629$4,741$853
28 years$16,047$11,793$8,524$6,074$4,278$712
29 years$15,327$11,125$7,932$5,570$3,863$594
30 years$14,656$10,507$7,388$5,112$3,490$496
31 years$14,030$9,932$6,888$4,695$3,156$414
32 years$13,444$9,398$6,427$4,314$2,854$346
33 years$12,894$8,900$6,000$3,968$2,583$289
34 years$12,378$8,435$5,606$3,650$2,339$241
35 years$11,893$8,001$5,242$3,360$2,118$201
36 years$11,435$7,594$4,903$3,095$1,919$168
37 years$11,004$7,212$4,590$2,852$1,740$140
38 years$10,596$6,854$4,298$2,628$1,577$117
39 years$10,209$6,518$4,027$2,423$1,430$98
40 years$9,844$6,201$3,774$2,235$1,297$82
41 years$9,496$5,903$3,539$2,062$1,177$68
42 years$9,167$5,622$3,320$1,903$1,068$57
43 years$8,853$5,356$3,115$1,757$969$48
44 years$8,555$5,106$2,924$1,622$880$40
45 years$8,270$4,869$2,746$1,498$799$33
46 years$7,999$4,645$2,579$1,384$725$28
47 years$7,740$4,432$2,423$1,279$658$23
48 years$7,493$4,231$2,277$1,181$598$19
49 years$7,256$4,041$2,140$1,092$543$16
50 years$7,030$3,860$2,012$1,009$493$14

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 $4,414 every year, while hoping to spend $21,469 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: 53/23/24 Blend
44$7,200,000$7,200,000$7,200,000$7,200,000
45$7,938,953$7,557,353$7,445,753$8,306,698
46$8,725,883$7,904,820$7,672,343$8,908,359
47$9,592,361$8,268,594$7,905,804$9,560,163
48$10,546,477$8,649,451$8,146,344$10,269,031
49$11,597,148$9,048,204$8,394,176$11,040,421
50$12,754,197$9,465,706$8,649,521$11,880,332
51$14,028,451$9,902,851$8,912,606$12,795,357
52$15,431,838$10,360,576$9,183,663$13,792,750
53$16,977,504$10,839,862$9,462,934$14,880,483
54$18,679,934$11,341,740$9,750,667$16,067,327
55$20,555,089$11,867,288$10,047,117$17,362,928
56$22,620,559$12,417,636$10,352,546$18,777,898
57$24,895,726$12,993,970$10,667,227$20,323,909
58$27,401,948$13,597,533$10,991,436$22,013,806
59$30,162,761$14,229,625$11,325,463$23,861,720
60$33,204,099$14,891,614$11,669,603$25,883,202
61$36,554,544$15,584,929$12,024,161$28,095,364
62$40,245,588$16,311,071$12,389,451$30,517,042
63$44,311,936$17,071,612$12,765,796$33,168,965
64$48,791,833$17,868,201$13,153,530$36,073,949
65$53,727,422$18,702,565$13,552,995$39,257,112
66$59,165,144$19,576,515$13,964,545$42,746,102
67$65,156,175$20,491,951$14,388,545$46,571,358
68$71,756,912$21,450,864$14,825,368$50,766,392
69$79,029,500$22,455,339$15,275,401$55,368,100
70$87,042,424$23,507,566$15,739,041$60,417,108
71$95,871,151$24,609,836$16,216,699$65,958,149
72$105,598,846$25,764,556$16,708,796$72,040,480
73$116,317,155$26,974,245$17,215,767$78,718,344
74$128,127,068$28,241,547$17,738,059$86,051,476
75$141,139,878$29,569,232$18,276,133$94,105,658
76$155,478,226$30,960,204$18,830,463$102,953,339
77$171,277,261$32,417,510$19,401,540$112,674,311
78$188,685,915$33,944,342$19,989,865$123,356,454
79$207,868,311$35,544,047$20,595,958$135,096,563
80$229,005,309$37,220,135$21,220,353$148,001,250
81$252,296,215$38,976,287$21,863,599$162,187,946
82$277,960,663$40,816,359$22,526,264$177,786,001
83$306,240,687$42,744,397$23,208,930$194,937,900
84$337,403,007$44,764,642$23,912,199$213,800,594
85$371,741,545$46,881,541$24,636,689$234,546,979
86$409,580,203$49,099,756$25,383,038$257,367,515
87$451,275,915$51,424,176$26,151,901$282,472,017
88$497,222,024$53,859,926$26,943,956$310,091,624
89$547,851,988$56,412,381$27,759,896$340,480,972
90$603,643,479$59,087,175$28,600,441$373,920,587
91$665,122,885$61,890,218$29,466,327$410,719,520
92$732,870,286$64,827,705$30,358,315$451,218,256
93$807,524,924$67,906,132$31,277,188$495,791,913
94$889,791,245$71,132,311$32,223,752$544,853,773
95$980,445,542$74,513,384$33,198,838$598,859,168
96$1,080,343,288$78,056,841$34,203,300$658,309,763
97$1,190,427,212$81,770,534$35,238,019$723,758,283
98$1,311,736,197$85,662,700$36,303,901$795,813,710
99$1,445,415,088$89,741,971$37,401,882$875,147,017
100$1,592,725,503$94,017,404$38,532,921$962,497,488