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%19.2%
1 years$602,827$597,458$592,219$587,105$582,112$560,567
2 years$298,429$292,871$287,485$282,262$277,196$255,733
3 years$196,977$191,395$186,022$180,848$175,865$155,159
4 years$146,260$140,695$135,376$130,291$125,428$105,637
5 years$115,838$110,307$105,057$100,076$95,349$76,524
6 years$95,564$90,074$84,902$80,031$75,446$57,601
7 years$81,087$75,644$70,554$65,798$61,358$44,488
8 years$70,235$64,841$59,835$55,197$50,902$34,992
9 years$61,799$56,456$51,536$47,015$42,867$27,895
10 years$55,054$49,763$44,930$40,528$36,525$22,464
11 years$49,539$44,301$39,556$35,271$31,413$18,233
12 years$44,947$39,762$35,105$30,938$27,221$14,890
13 years$41,064$35,933$31,364$27,313$23,738$12,219
14 years$37,738$32,662$28,181$24,246$20,808$10,067
15 years$34,859$29,838$25,443$21,623$18,321$8,320
16 years$32,342$27,376$23,068$19,361$16,192$6,894
17 years$30,123$25,212$20,991$17,396$14,357$5,725
18 years$28,153$23,297$19,162$15,677$12,766$4,762
19 years$26,393$21,591$17,542$14,165$11,378$3,966
20 years$24,810$20,064$16,099$12,830$10,163$3,308
21 years$23,381$18,689$14,808$11,644$9,095$2,761
22 years$22,082$17,445$13,648$10,587$8,153$2,307
23 years$20,899$16,316$12,602$9,642$7,318$1,929
24 years$19,816$15,287$11,654$8,794$6,578$1,613
25 years$18,821$14,346$10,794$8,031$5,919$1,350
26 years$17,904$13,483$10,011$7,343$5,332$1,131
27 years$17,056$12,689$9,296$6,721$4,807$947
28 years$16,270$11,957$8,642$6,158$4,337$793
29 years$15,540$11,280$8,042$5,647$3,916$665
30 years$14,860$10,653$7,491$5,183$3,539$557
31 years$14,225$10,070$6,984$4,760$3,199$467
32 years$13,630$9,529$6,516$4,374$2,894$391
33 years$13,073$9,024$6,084$4,023$2,619$328
34 years$12,550$8,552$5,684$3,701$2,371$275
35 years$12,058$8,112$5,314$3,407$2,148$231
36 years$11,594$7,699$4,972$3,138$1,946$194
37 years$11,156$7,313$4,653$2,891$1,764$162
38 years$10,743$6,950$4,358$2,665$1,599$136
39 years$10,351$6,608$4,083$2,457$1,450$114
40 years$9,980$6,287$3,827$2,266$1,315$96
41 years$9,628$5,985$3,588$2,091$1,193$80
42 years$9,294$5,700$3,366$1,930$1,083$67
43 years$8,976$5,431$3,158$1,781$983$57
44 years$8,673$5,177$2,965$1,645$892$47
45 years$8,385$4,936$2,784$1,519$810$40
46 years$8,110$4,709$2,615$1,403$735$33
47 years$7,848$4,494$2,456$1,296$668$28
48 years$7,597$4,290$2,308$1,198$606$23
49 years$7,357$4,097$2,170$1,107$551$20
50 years$7,127$3,913$2,040$1,023$500$17

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 $2,488 every year, while hoping to spend $38,057 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$7,300,000$7,300,000$7,300,000$7,300,000
45$8,047,166$7,660,266$7,547,116$8,276,035
46$8,827,485$7,995,127$7,759,452$8,779,280
47$9,686,121$8,345,120$7,977,626$9,317,891
48$10,631,021$8,710,948$8,201,793$9,897,914
49$11,670,945$9,093,344$8,432,113$10,523,030
50$12,815,541$9,493,077$8,668,748$11,197,272
51$14,075,441$9,910,953$8,911,866$11,925,061
52$15,462,362$10,347,816$9,161,640$12,711,243
53$16,989,213$10,804,548$9,418,244$13,561,132
54$18,670,217$11,282,076$9,681,860$14,480,558
55$20,521,050$11,781,368$9,952,673$15,475,915
56$22,558,981$12,303,439$10,230,871$16,554,222
57$24,803,041$12,849,352$10,516,650$17,723,180
58$27,274,202$13,420,221$10,810,208$18,991,244
59$29,995,571$14,017,212$11,111,750$20,367,698
60$32,992,610$14,641,546$11,421,485$21,862,736
61$36,293,378$15,294,504$11,739,627$23,487,556
62$39,928,794$15,977,425$12,066,395$25,254,457
63$43,932,927$16,691,715$12,402,015$27,176,955
64$48,343,320$17,438,844$12,746,718$29,269,899
65$53,201,344$18,220,353$13,100,739$31,549,611
66$58,552,588$19,037,857$13,464,320$34,034,029
67$64,447,287$19,893,047$13,837,709$36,742,874
68$70,940,798$20,787,694$14,221,161$39,697,826
69$78,094,124$21,723,656$14,614,934$42,922,726
70$85,974,487$22,702,877$15,019,297$46,443,788
71$94,655,961$23,727,395$15,434,520$50,289,844
72$104,220,176$24,799,344$15,860,883$54,492,607
73$114,757,085$25,920,962$16,298,673$59,086,958
74$126,365,811$27,094,593$16,748,182$64,111,274
75$139,155,587$28,322,692$17,209,710$69,607,773
76$153,246,786$29,607,832$17,683,564$75,622,909
77$168,772,052$30,952,710$18,170,058$82,207,799
78$185,877,560$32,360,151$18,669,513$89,418,694
79$204,724,388$33,833,116$19,182,259$97,317,498
80$225,490,044$35,374,706$19,708,632$105,972,344
81$248,370,134$36,988,173$20,248,978$115,458,225
82$273,580,218$38,676,924$20,803,648$125,857,687
83$301,357,834$40,444,527$21,373,004$137,261,595
84$331,964,749$42,294,725$21,957,416$149,769,982
85$365,689,424$44,231,437$22,557,260$163,492,972
86$402,849,741$46,258,773$23,172,924$178,551,810
87$443,796,000$48,381,038$23,804,802$195,079,988
88$488,914,228$50,602,745$24,453,299$213,224,492
89$538,629,823$52,928,623$25,118,828$233,147,167
90$593,411,569$55,363,629$25,801,813$255,026,233
91$653,776,060$57,912,958$26,502,685$279,057,942
92$720,292,579$60,582,054$27,221,886$305,458,419
93$793,588,471$63,376,624$27,959,868$334,465,673
94$874,355,065$66,302,648$28,717,093$366,341,831
95$963,354,199$69,366,395$29,494,033$401,375,581
96$1,061,425,414$72,574,436$30,291,170$439,884,883
97$1,169,493,880$75,933,657$31,108,998$482,219,938
98$1,288,579,126$79,451,277$31,948,020$528,766,471
99$1,419,804,669$83,134,861$32,808,751$579,949,349
100$1,564,408,617$86,992,341$33,691,716$636,236,556