Can I retire at age 45 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$611,085$605,642$600,331$595,148$590,086$585,142
2 years$302,517$296,883$291,423$286,129$280,994$276,010
3 years$199,675$194,016$188,570$183,325$178,274$173,406
4 years$148,264$142,623$137,231$132,076$127,146$122,432
5 years$117,425$111,818$106,497$101,447$96,655$92,107
6 years$96,873$91,308$86,065$81,128$76,480$72,105
7 years$82,198$76,680$71,520$66,700$62,198$57,998
8 years$71,197$65,729$60,655$55,953$51,600$47,574
9 years$62,646$57,229$52,242$47,659$43,454$39,602
10 years$55,808$50,444$45,546$41,083$37,025$33,344
11 years$50,218$44,908$40,098$35,754$31,843$28,330
12 years$45,562$40,307$35,586$31,361$27,594$24,246
13 years$41,626$36,426$31,794$27,687$24,063$20,876
14 years$38,255$33,110$28,567$24,578$21,093$18,064
15 years$35,336$30,246$25,792$21,919$18,572$15,696
16 years$32,785$27,751$23,384$19,626$16,414$13,686
17 years$30,536$25,557$21,279$17,634$14,554$11,970
18 years$28,539$23,616$19,425$15,892$12,941$10,496
19 years$26,754$21,887$17,782$14,360$11,534$9,224
20 years$25,150$20,339$16,320$13,005$10,303$8,121
21 years$23,701$18,945$15,011$11,803$9,220$7,162
22 years$22,385$17,684$13,835$10,732$8,264$6,326
23 years$21,185$16,540$12,774$9,774$7,418$5,594
24 years$20,087$15,496$11,814$8,914$6,668$4,952
25 years$19,078$14,543$10,942$8,141$6,000$4,389
26 years$18,149$13,668$10,148$7,444$5,405$3,892
27 years$17,289$12,863$9,423$6,813$4,873$3,455
28 years$16,493$12,121$8,760$6,242$4,397$3,068
29 years$15,753$11,434$8,152$5,724$3,970$2,727
30 years$15,063$10,799$7,594$5,254$3,587$2,425
31 years$14,419$10,208$7,079$4,825$3,243$2,157
32 years$13,817$9,659$6,605$4,434$2,934$1,919
33 years$13,252$9,147$6,167$4,078$2,655$1,709
34 years$12,722$8,670$5,762$3,752$2,404$1,522
35 years$12,223$8,223$5,387$3,454$2,177$1,356
36 years$11,753$7,805$5,040$3,181$1,973$1,208
37 years$11,309$7,413$4,717$2,931$1,788$1,076
38 years$10,890$7,045$4,417$2,701$1,621$960
39 years$10,493$6,699$4,139$2,491$1,470$855
40 years$10,117$6,373$3,879$2,297$1,333$763
41 years$9,760$6,067$3,637$2,120$1,210$680
42 years$9,421$5,778$3,412$1,956$1,098$607
43 years$9,099$5,505$3,202$1,806$996$541
44 years$8,792$5,248$3,005$1,667$904$483
45 years$8,500$5,004$2,822$1,540$821$431
46 years$8,221$4,774$2,650$1,422$745$384
47 years$7,955$4,556$2,490$1,314$677$343
48 years$7,701$4,349$2,340$1,214$615$306
49 years$7,458$4,153$2,199$1,122$558$273
50 years$7,225$3,967$2,068$1,037$507$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,400,000, adding $3,813 every year, while hoping to spend $39,930 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: 65/28/7 Blend
44$7,400,000$7,400,000$7,400,000$7,400,000
45$8,158,733$7,766,533$7,651,833$8,678,535
46$8,948,439$8,104,608$7,865,684$9,362,794
47$9,817,356$8,457,910$8,085,361$10,104,974
48$10,773,522$8,827,144$8,311,017$10,914,766
49$11,825,794$9,213,046$8,542,808$11,798,742
50$12,983,928$9,616,389$8,780,896$12,764,129
51$14,258,677$10,037,980$9,025,444$13,818,878
52$15,661,888$10,478,667$9,276,622$14,971,736
53$17,206,614$10,939,335$9,534,602$16,232,327
54$18,907,239$11,420,913$9,799,562$17,611,240
55$20,779,613$11,924,374$10,071,683$19,120,126
56$22,841,200$12,450,734$10,351,151$20,771,807
57$25,111,244$13,001,062$10,638,156$22,580,395
58$27,610,950$13,576,473$10,932,893$24,561,422
59$30,363,685$14,178,138$11,235,563$26,731,984
60$33,395,195$14,807,281$11,546,369$29,110,897
61$36,733,854$15,465,187$11,865,521$31,718,877
62$40,410,924$16,153,198$12,193,233$34,578,730
63$44,460,858$16,872,725$12,529,726$37,715,561
64$48,921,618$17,625,240$12,875,224$41,157,014
65$53,835,036$18,412,290$13,229,958$44,933,524
66$59,247,211$19,235,493$13,594,162$49,078,602
67$65,208,938$20,096,545$13,968,079$53,629,152
68$71,776,196$20,997,221$14,351,955$58,625,808
69$79,010,665$21,939,383$14,746,043$64,113,319
70$86,980,320$22,924,979$15,150,602$70,140,965
71$95,760,062$23,956,053$15,565,897$76,763,017
72$105,432,432$25,034,743$15,992,198$84,039,249
73$116,088,386$26,163,292$16,429,783$92,035,490
74$127,828,156$27,344,047$16,878,935$100,824,247
75$140,762,193$28,579,471$17,339,945$110,485,381
76$155,012,212$29,872,140$17,813,108$121,106,855
77$170,712,340$31,224,757$18,298,730$132,785,559
78$188,010,381$32,640,152$18,797,119$145,628,219
79$207,069,211$34,121,291$19,308,594$159,752,400
80$228,068,318$35,671,282$19,833,479$175,287,603
81$251,205,492$37,293,380$20,372,106$192,376,487
82$276,698,695$38,990,999$20,924,815$211,176,205
83$304,788,118$40,767,714$21,491,952$231,859,881
84$335,738,446$42,627,271$22,073,872$254,618,237
85$369,841,358$44,573,599$22,670,938$279,661,381
86$407,418,282$46,610,810$23,283,519$307,220,787
87$448,823,424$48,743,217$23,911,995$337,551,470
88$494,447,118$50,975,340$24,556,752$370,934,379
89$544,719,506$53,311,913$25,218,184$407,679,046
90$600,114,599$55,757,900$25,896,697$448,126,491
91$661,154,753$58,318,502$26,592,701$492,652,437
92$728,415,599$60,999,170$27,306,618$541,670,840
93$802,531,478$63,805,617$28,038,877$595,637,789
94$884,201,427$66,743,831$28,789,919$655,055,793
95$974,195,781$69,820,087$29,560,189$720,478,521
96$1,073,363,443$73,040,963$30,350,147$792,516,005
97$1,182,639,895$76,413,352$31,160,259$871,840,394
98$1,303,056,038$79,944,480$31,991,001$959,192,276
99$1,435,747,914$83,641,919$32,842,859$1,055,387,659
100$1,581,967,436$87,513,608$33,716,330$1,161,325,657