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%16.1%
1 years$594,569$589,273$584,106$579,063$574,138$559,804
2 years$294,341$288,859$283,547$278,396$273,399$259,049
3 years$194,278$188,773$183,473$178,371$173,456$159,537
4 years$144,257$138,768$133,522$128,506$123,710$110,331
5 years$114,251$108,796$103,618$98,705$94,042$81,240
6 years$94,255$88,840$83,739$78,935$74,413$62,199
7 years$79,977$74,608$69,587$64,897$60,517$48,895
8 years$69,273$63,953$59,016$54,440$50,205$39,168
9 years$60,953$55,682$50,830$46,371$42,280$31,819
10 years$54,300$49,081$44,315$39,972$36,025$26,127
11 years$48,860$43,694$39,014$34,788$30,982$21,634
12 years$44,331$39,217$34,624$30,514$26,849$18,034
13 years$40,501$35,441$30,934$26,939$23,413$15,114
14 years$37,221$32,215$27,795$23,913$20,523$12,722
15 years$34,381$29,429$25,095$21,327$18,070$10,747
16 years$31,899$27,000$22,752$19,096$15,971$9,106
17 years$29,711$24,866$20,704$17,157$14,161$7,735
18 years$27,768$22,978$18,900$15,462$12,591$6,584
19 years$26,031$21,296$17,302$13,971$11,223$5,614
20 years$24,471$19,789$15,879$12,654$10,024$4,794
21 years$23,060$18,433$14,605$11,484$8,971$4,099
22 years$21,780$17,206$13,461$10,442$8,041$3,509
23 years$20,613$16,092$12,429$9,509$7,218$3,006
24 years$19,544$15,078$11,495$8,673$6,488$2,577
25 years$18,563$14,150$10,646$7,921$5,838$2,211
26 years$17,658$13,298$9,874$7,242$5,259$1,898
27 years$16,822$12,515$9,169$6,629$4,741$1,630
28 years$16,047$11,793$8,524$6,074$4,278$1,400
29 years$15,327$11,125$7,932$5,570$3,863$1,204
30 years$14,656$10,507$7,388$5,112$3,490$1,035
31 years$14,030$9,932$6,888$4,695$3,156$890
32 years$13,444$9,398$6,427$4,314$2,854$765
33 years$12,894$8,900$6,000$3,968$2,583$659
34 years$12,378$8,435$5,606$3,650$2,339$567
35 years$11,893$8,001$5,242$3,360$2,118$488
36 years$11,435$7,594$4,903$3,095$1,919$420
37 years$11,004$7,212$4,590$2,852$1,740$361
38 years$10,596$6,854$4,298$2,628$1,577$311
39 years$10,209$6,518$4,027$2,423$1,430$268
40 years$9,844$6,201$3,774$2,235$1,297$231
41 years$9,496$5,903$3,539$2,062$1,177$198
42 years$9,167$5,622$3,320$1,903$1,068$171
43 years$8,853$5,356$3,115$1,757$969$147
44 years$8,555$5,106$2,924$1,622$880$127
45 years$8,270$4,869$2,746$1,498$799$109
46 years$7,999$4,645$2,579$1,384$725$94
47 years$7,740$4,432$2,423$1,279$658$81
48 years$7,493$4,231$2,277$1,181$598$70
49 years$7,256$4,041$2,140$1,092$543$60
50 years$7,030$3,860$2,012$1,009$493$52

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 $4,960 every year, while hoping to spend $47,801 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: 33/48/19 Blend
44$7,200,000$7,200,000$7,200,000$7,200,000
45$7,939,516$7,557,916$7,446,316$8,154,717
46$8,698,487$7,877,394$7,644,908$8,634,142
47$9,533,271$8,210,925$7,848,550$9,145,748
48$10,451,550$8,559,145$8,057,362$9,696,134
49$11,461,789$8,922,724$8,271,465$10,288,737
50$12,573,314$9,302,360$8,490,981$10,927,326
51$13,796,401$9,698,785$8,716,038$11,616,030
52$15,142,371$10,112,763$8,946,763$12,359,378
53$16,623,702$10,545,097$9,183,288$13,162,335
54$18,254,137$10,996,625$9,425,746$14,030,349
55$20,048,823$11,468,224$9,674,273$14,969,396
56$22,024,450$11,960,813$9,929,008$15,986,037
57$24,199,406$12,475,355$10,190,092$17,087,470
58$26,593,954$13,012,856$10,457,668$18,281,600
59$29,230,421$13,574,370$10,731,884$19,577,105
60$32,133,411$14,161,001$11,012,889$20,983,518
61$35,330,032$14,773,903$11,300,834$22,511,310
62$38,850,157$15,414,286$11,595,874$24,171,982
63$42,726,704$16,083,417$11,898,167$25,978,174
64$46,995,944$16,782,621$12,207,872$27,943,777
65$51,697,847$17,513,286$12,525,152$30,084,056
66$56,876,456$18,276,866$12,850,173$32,415,793
67$62,580,304$19,074,881$13,183,103$34,957,437
68$68,862,872$19,908,927$13,524,114$37,729,272
69$75,783,092$20,780,672$13,873,379$40,753,605
70$83,405,905$21,691,862$14,231,075$44,054,966
71$91,802,872$22,644,329$14,597,381$47,660,337
72$101,052,852$23,639,987$14,972,479$51,599,396
73$111,242,741$24,680,845$15,356,556$55,904,791
74$122,468,297$25,769,003$15,749,797$60,612,440
75$134,835,042$26,906,663$16,152,394$65,761,864
76$148,459,257$28,096,130$16,564,540$71,396,548
77$163,469,080$29,339,819$16,986,431$77,564,345
78$180,005,715$30,640,259$17,418,265$84,317,918
79$198,224,764$32,000,098$17,860,243$91,715,227
80$218,297,698$33,422,110$18,312,569$99,820,066
81$240,413,472$34,909,203$18,775,449$108,702,655
82$264,780,311$36,464,420$19,249,092$118,440,291
83$291,627,676$38,090,949$19,733,709$129,118,066
84$321,208,424$39,792,130$20,229,514$140,829,660
85$353,801,202$41,571,464$20,736,722$153,678,208
86$389,713,074$43,432,615$21,255,551$167,777,267
87$429,282,417$45,379,423$21,786,221$183,251,869
88$472,882,120$47,415,910$22,328,956$200,239,686
89$520,923,098$49,546,292$22,883,978$218,892,319
90$573,858,177$51,774,983$23,451,514$239,376,711
91$632,186,363$54,106,609$24,031,792$261,876,704
92$696,457,555$56,546,016$24,625,040$286,594,761
93$767,277,737$59,098,282$25,231,490$313,753,854
94$845,314,695$61,768,727$25,851,373$343,599,557
95$931,304,323$64,562,924$26,484,924$376,402,338
96$1,026,057,571$67,486,714$27,132,376$412,460,093
97$1,130,468,097$70,546,216$27,793,963$452,100,938
98$1,245,520,704$73,747,842$28,469,923$495,686,282
99$1,372,300,641$77,098,311$29,160,490$543,614,216
100$1,512,003,841$80,604,664$29,865,902$596,323,245