Can I retire at age 45 with 7,300,000?

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 $7,300,000?

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$602,827$597,458$592,219$587,105$582,112$572,233
2 years$298,429$292,871$287,485$282,262$277,196$267,274
3 years$196,977$191,395$186,022$180,848$175,865$166,208
4 years$146,260$140,695$135,376$130,291$125,428$116,111
5 years$115,838$110,307$105,057$100,076$95,349$86,398
6 years$95,564$90,074$84,902$80,031$75,446$66,872
7 years$81,087$75,644$70,554$65,798$61,358$53,164
8 years$70,235$64,841$59,835$55,197$50,902$43,086
9 years$61,799$56,456$51,536$47,015$42,867$35,424
10 years$55,054$49,763$44,930$40,528$36,525$29,448
11 years$49,539$44,301$39,556$35,271$31,413$24,695
12 years$44,947$39,762$35,105$30,938$27,221$20,855
13 years$41,064$35,933$31,364$27,313$23,738$17,712
14 years$37,738$32,662$28,181$24,246$20,808$15,113
15 years$34,859$29,838$25,443$21,623$18,321$12,946
16 years$32,342$27,376$23,068$19,361$16,192$11,126
17 years$30,123$25,212$20,991$17,396$14,357$9,587
18 years$28,153$23,297$19,162$15,677$12,766$8,281
19 years$26,393$21,591$17,542$14,165$11,378$7,167
20 years$24,810$20,064$16,099$12,830$10,163$6,213
21 years$23,381$18,689$14,808$11,644$9,095$5,394
22 years$22,082$17,445$13,648$10,587$8,153$4,689
23 years$20,899$16,316$12,602$9,642$7,318$4,080
24 years$19,816$15,287$11,654$8,794$6,578$3,553
25 years$18,821$14,346$10,794$8,031$5,919$3,098
26 years$17,904$13,483$10,011$7,343$5,332$2,702
27 years$17,056$12,689$9,296$6,721$4,807$2,358
28 years$16,270$11,957$8,642$6,158$4,337$2,059
29 years$15,540$11,280$8,042$5,647$3,916$1,799
30 years$14,860$10,653$7,491$5,183$3,539$1,573
31 years$14,225$10,070$6,984$4,760$3,199$1,375
32 years$13,630$9,529$6,516$4,374$2,894$1,202
33 years$13,073$9,024$6,084$4,023$2,619$1,052
34 years$12,550$8,552$5,684$3,701$2,371$920
35 years$12,058$8,112$5,314$3,407$2,148$806
36 years$11,594$7,699$4,972$3,138$1,946$705
37 years$11,156$7,313$4,653$2,891$1,764$617
38 years$10,743$6,950$4,358$2,665$1,599$541
39 years$10,351$6,608$4,083$2,457$1,450$473
40 years$9,980$6,287$3,827$2,266$1,315$415
41 years$9,628$5,985$3,588$2,091$1,193$363
42 years$9,294$5,700$3,366$1,930$1,083$318
43 years$8,976$5,431$3,158$1,781$983$279
44 years$8,673$5,177$2,965$1,645$892$244
45 years$8,385$4,936$2,784$1,519$810$214
46 years$8,110$4,709$2,615$1,403$735$187
47 years$7,848$4,494$2,456$1,296$668$164
48 years$7,597$4,290$2,308$1,198$606$144
49 years$7,357$4,097$2,170$1,107$551$126
50 years$7,127$3,913$2,040$1,023$500$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,300,000, adding $4,583 every year, while hoping to spend $44,173 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: 50/20/30 Blend
44$7,300,000$7,300,000$7,300,000$7,300,000
45$8,049,327$7,662,427$7,549,277$8,383,075
46$8,823,359$7,990,887$7,755,178$8,945,982
47$9,674,861$8,333,960$7,966,497$9,552,761
48$10,611,690$8,692,316$8,183,367$10,211,485
49$11,642,500$9,066,657$8,405,927$10,927,114
50$12,776,827$9,457,716$8,634,318$11,705,101
51$14,025,180$9,866,261$8,868,685$12,551,440
52$15,399,136$10,293,095$9,109,173$13,472,726
53$16,911,453$10,739,061$9,355,935$14,476,210
54$18,576,186$11,205,040$9,609,124$15,569,872
55$20,408,824$11,691,955$9,868,897$16,762,488
56$22,426,435$12,200,771$10,135,415$18,063,714
57$24,647,823$12,732,500$10,408,843$19,484,174
58$27,093,710$13,288,202$10,689,349$21,035,563
59$29,786,929$13,868,985$10,977,103$22,730,745
60$32,752,641$14,476,011$11,272,281$24,583,884
61$36,018,571$15,110,495$11,575,063$26,610,565
62$39,615,268$15,773,712$11,885,630$28,827,946
63$43,576,396$16,466,995$12,204,169$31,254,914
64$47,939,050$17,191,740$12,530,871$33,912,260
65$52,744,109$17,949,411$12,865,931$36,822,875
66$58,036,614$18,741,538$13,209,546$40,011,961
67$63,866,202$19,569,727$13,561,919$43,507,266
68$70,287,569$20,435,657$13,923,257$47,339,345
69$77,360,985$21,341,089$14,293,771$51,541,843
70$85,152,869$22,287,866$14,673,676$56,151,808
71$93,736,409$23,277,918$15,063,191$61,210,041
72$103,192,255$24,313,268$15,462,540$66,761,475
73$113,609,281$25,396,035$15,871,951$72,855,594
74$125,085,424$26,528,436$16,291,658$79,546,898
75$137,728,605$27,712,798$16,721,896$86,895,415
76$151,657,751$28,951,553$17,162,908$94,967,260
77$167,003,916$30,247,254$17,614,940$103,835,253
78$183,911,518$31,602,572$18,078,243$113,579,609
79$202,539,701$33,020,306$18,553,072$124,288,682
80$223,063,839$34,503,390$19,039,689$136,059,801
81$245,677,190$36,054,895$19,538,357$149,000,175
82$270,592,718$37,678,039$20,049,347$163,227,911
83$298,045,109$39,376,197$20,572,934$178,873,110
84$328,292,979$41,152,900$21,109,396$196,079,099
85$361,621,321$43,011,850$21,659,019$215,003,775
86$398,344,192$44,956,927$22,222,092$235,821,086
87$438,807,676$46,992,193$22,798,909$258,722,670
88$483,393,156$49,121,907$23,389,770$283,919,653
89$532,520,908$51,350,531$23,994,977$311,644,641
90$586,654,073$53,682,739$24,614,841$342,153,899
91$646,303,026$56,123,431$25,249,676$375,729,770
92$712,030,195$58,677,739$25,899,800$412,683,328
93$784,455,368$61,351,042$26,565,537$453,357,306
94$864,261,550$64,148,977$27,247,216$498,129,324
95$952,201,402$67,077,450$27,945,172$547,415,442
96$1,049,104,351$70,142,652$28,659,741$601,674,078
97$1,155,884,421$73,351,068$29,391,269$661,410,328
98$1,273,548,858$76,709,497$30,140,103$727,180,717
99$1,403,207,641$80,225,062$30,906,596$799,598,449
100$1,546,083,959$83,905,228$31,691,105$879,339,179