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

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$602,827$597,458$592,219$587,105$582,112$564,156
2 years$298,429$292,871$287,485$282,262$277,196$259,263
3 years$196,977$191,395$186,022$180,848$175,865$158,516
4 years$146,260$140,695$135,376$130,291$125,428$108,798
5 years$115,838$110,307$105,057$100,076$95,349$79,481
6 years$95,564$90,074$84,902$80,031$75,446$60,355
7 years$81,087$75,644$70,554$65,798$61,358$47,043
8 years$70,235$64,841$59,835$55,197$50,902$37,354
9 years$61,799$56,456$51,536$47,015$42,867$30,071
10 years$55,054$49,763$44,930$40,528$36,525$24,461
11 years$49,539$44,301$39,556$35,271$31,413$20,061
12 years$44,947$39,762$35,105$30,938$27,221$16,558
13 years$41,064$35,933$31,364$27,313$23,738$13,737
14 years$37,738$32,662$28,181$24,246$20,808$11,444
15 years$34,859$29,838$25,443$21,623$18,321$9,566
16 years$32,342$27,376$23,068$19,361$16,192$8,019
17 years$30,123$25,212$20,991$17,396$14,357$6,738
18 years$28,153$23,297$19,162$15,677$12,766$5,672
19 years$26,393$21,591$17,542$14,165$11,378$4,782
20 years$24,810$20,064$16,099$12,830$10,163$4,037
21 years$23,381$18,689$14,808$11,644$9,095$3,412
22 years$22,082$17,445$13,648$10,587$8,153$2,887
23 years$20,899$16,316$12,602$9,642$7,318$2,444
24 years$19,816$15,287$11,654$8,794$6,578$2,071
25 years$18,821$14,346$10,794$8,031$5,919$1,755
26 years$17,904$13,483$10,011$7,343$5,332$1,489
27 years$17,056$12,689$9,296$6,721$4,807$1,263
28 years$16,270$11,957$8,642$6,158$4,337$1,072
29 years$15,540$11,280$8,042$5,647$3,916$910
30 years$14,860$10,653$7,491$5,183$3,539$773
31 years$14,225$10,070$6,984$4,760$3,199$656
32 years$13,630$9,529$6,516$4,374$2,894$558
33 years$13,073$9,024$6,084$4,023$2,619$474
34 years$12,550$8,552$5,684$3,701$2,371$403
35 years$12,058$8,112$5,314$3,407$2,148$342
36 years$11,594$7,699$4,972$3,138$1,946$291
37 years$11,156$7,313$4,653$2,891$1,764$247
38 years$10,743$6,950$4,358$2,665$1,599$210
39 years$10,351$6,608$4,083$2,457$1,450$179
40 years$9,980$6,287$3,827$2,266$1,315$152
41 years$9,628$5,985$3,588$2,091$1,193$129
42 years$9,294$5,700$3,366$1,930$1,083$110
43 years$8,976$5,431$3,158$1,781$983$93
44 years$8,673$5,177$2,965$1,645$892$79
45 years$8,385$4,936$2,784$1,519$810$67
46 years$8,110$4,709$2,615$1,403$735$57
47 years$7,848$4,494$2,456$1,296$668$49
48 years$7,597$4,290$2,308$1,198$606$41
49 years$7,357$4,097$2,170$1,107$551$35
50 years$7,127$3,913$2,040$1,023$500$30

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 $4,625 every year, while hoping to spend $20,182 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: 31/42/27 Blend
44$7,300,000$7,300,000$7,300,000$7,300,000
45$8,049,371$7,662,471$7,549,321$8,232,065
46$8,848,933$8,016,458$7,780,749$8,727,358
47$9,729,374$8,387,115$8,019,255$9,258,033
48$10,698,923$8,775,236$8,265,052$9,828,880
49$11,766,646$9,181,655$8,518,364$10,443,425
50$12,942,534$9,607,246$8,779,419$11,105,531
51$14,237,597$10,052,926$9,048,455$11,819,428
52$15,663,966$10,519,654$9,325,712$12,589,751
53$17,235,011$11,008,437$9,611,444$13,421,581
54$18,965,461$11,520,330$9,905,907$14,320,487
55$20,871,551$12,056,439$10,209,367$15,292,576
56$22,971,168$12,617,923$10,522,099$16,344,547
57$25,284,023$13,205,997$10,844,386$17,483,747
58$27,831,838$13,821,935$11,176,517$18,718,240
59$30,638,548$14,467,073$11,518,794$20,056,874
60$33,730,531$15,142,811$11,871,524$21,509,363
61$37,136,852$15,850,615$12,235,027$23,086,373
62$40,889,540$16,592,025$12,609,630$24,799,613
63$45,023,892$17,368,653$12,995,671$26,661,948
64$49,578,802$18,182,189$13,393,499$28,687,506
65$54,597,130$19,034,407$13,803,471$30,891,811
66$60,126,108$19,927,164$14,225,959$33,291,919
67$66,217,785$20,862,408$14,661,342$35,906,576
68$72,929,515$21,842,182$15,110,012$38,756,385
69$80,324,503$22,868,627$15,572,376$41,863,994
70$88,472,399$23,943,987$16,048,847$45,254,302
71$97,449,958$25,070,616$16,539,857$48,954,687
72$107,341,758$26,250,981$17,045,847$52,995,252
73$118,241,007$27,487,669$17,567,273$57,409,108
74$130,250,417$28,783,391$18,104,603$62,232,667
75$143,483,174$30,140,992$18,658,323$67,505,985
76$158,064,010$31,563,453$19,228,929$73,273,124
77$174,130,376$33,053,900$19,816,935$79,582,563
78$191,833,743$34,615,609$20,422,870$86,487,636
79$211,341,028$36,252,017$21,047,280$94,047,033
80$232,836,173$37,966,727$21,690,724$102,325,337
81$256,521,882$39,763,515$22,353,783$111,393,620
82$282,621,531$41,646,344$23,037,051$121,330,104
83$311,381,277$43,619,366$23,741,143$132,220,882
84$343,072,387$45,686,934$24,466,691$144,160,720
85$377,993,792$47,853,615$25,214,346$157,253,931
86$416,474,913$50,124,197$25,984,781$171,615,349
87$458,878,770$52,503,698$26,778,687$187,371,394
88$505,605,408$54,997,382$27,596,776$204,661,246
89$557,095,674$57,610,768$28,439,782$223,638,146
90$613,835,380$60,349,644$29,308,463$244,470,817
91$676,359,889$63,220,077$30,203,597$267,345,039
92$745,259,167$66,228,429$31,125,986$292,465,386
93$821,183,354$69,381,375$32,076,459$320,057,129
94$904,848,903$72,685,908$33,055,867$350,368,342
95$997,045,340$76,149,367$34,065,087$383,672,220
96$1,098,642,722$79,779,443$35,105,025$420,269,636
97$1,210,599,847$83,584,203$36,176,611$460,491,947
98$1,333,973,310$87,572,108$37,280,806$504,704,101
99$1,469,927,473$91,752,026$38,418,598$553,308,054
100$1,619,745,460$96,133,261$39,591,006$606,746,528