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%18.3%
1 years$611,085$605,642$600,331$595,148$590,086$570,285
2 years$302,517$296,883$291,423$286,129$280,994$261,239
3 years$199,675$194,016$188,570$183,325$178,274$159,187
4 years$148,264$142,623$137,231$132,076$127,146$108,873
5 years$117,425$111,818$106,497$101,447$96,655$79,243
6 years$96,873$91,308$86,065$81,128$76,480$59,944
7 years$82,198$76,680$71,520$66,700$62,198$46,536
8 years$71,197$65,729$60,655$55,953$51,600$36,799
9 years$62,646$57,229$52,242$47,659$43,454$29,498
10 years$55,808$50,444$45,546$41,083$37,025$23,890
11 years$50,218$44,908$40,098$35,754$31,843$19,504
12 years$45,562$40,307$35,586$31,361$27,594$16,024
13 years$41,626$36,426$31,794$27,687$24,063$13,231
14 years$38,255$33,110$28,567$24,578$21,093$10,969
15 years$35,336$30,246$25,792$21,919$18,572$9,124
16 years$32,785$27,751$23,384$19,626$16,414$7,609
17 years$30,536$25,557$21,279$17,634$14,554$6,361
18 years$28,539$23,616$19,425$15,892$12,941$5,326
19 years$26,754$21,887$17,782$14,360$11,534$4,467
20 years$25,150$20,339$16,320$13,005$10,303$3,751
21 years$23,701$18,945$15,011$11,803$9,220$3,153
22 years$22,385$17,684$13,835$10,732$8,264$2,653
23 years$21,185$16,540$12,774$9,774$7,418$2,234
24 years$20,087$15,496$11,814$8,914$6,668$1,882
25 years$19,078$14,543$10,942$8,141$6,000$1,587
26 years$18,149$13,668$10,148$7,444$5,405$1,338
27 years$17,289$12,863$9,423$6,813$4,873$1,129
28 years$16,493$12,121$8,760$6,242$4,397$953
29 years$15,753$11,434$8,152$5,724$3,970$804
30 years$15,063$10,799$7,594$5,254$3,587$679
31 years$14,419$10,208$7,079$4,825$3,243$573
32 years$13,817$9,659$6,605$4,434$2,934$484
33 years$13,252$9,147$6,167$4,078$2,655$409
34 years$12,722$8,670$5,762$3,752$2,404$346
35 years$12,223$8,223$5,387$3,454$2,177$292
36 years$11,753$7,805$5,040$3,181$1,973$247
37 years$11,309$7,413$4,717$2,931$1,788$208
38 years$10,890$7,045$4,417$2,701$1,621$176
39 years$10,493$6,699$4,139$2,491$1,470$149
40 years$10,117$6,373$3,879$2,297$1,333$126
41 years$9,760$6,067$3,637$2,120$1,210$106
42 years$9,421$5,778$3,412$1,956$1,098$90
43 years$9,099$5,505$3,202$1,806$996$76
44 years$8,792$5,248$3,005$1,667$904$64
45 years$8,500$5,004$2,822$1,540$821$54
46 years$8,221$4,774$2,650$1,422$745$46
47 years$7,955$4,556$2,490$1,314$677$39
48 years$7,701$4,349$2,340$1,214$615$33
49 years$7,458$4,153$2,199$1,122$558$28
50 years$7,225$3,967$2,068$1,037$507$23

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 $6,115 every year, while hoping to spend $34,964 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: 46/31/23 Blend
44$7,400,000$7,400,000$7,400,000$7,400,000
45$8,161,108$7,768,908$7,654,208$8,482,403
46$8,956,339$8,112,383$7,873,422$9,052,362
47$9,831,513$8,471,516$8,098,809$9,666,449
48$10,794,745$8,847,038$8,330,537$10,332,014
49$11,854,980$9,239,714$8,568,781$11,053,882
50$13,022,073$9,650,345$8,813,720$11,837,351
51$14,306,883$10,079,771$9,065,538$12,688,242
52$15,721,375$10,528,870$9,324,423$13,612,953
53$17,278,733$10,998,563$9,590,570$14,618,512
54$18,993,487$11,489,815$9,864,177$15,712,644
55$20,881,643$12,003,636$10,145,447$16,903,842
56$22,960,842$12,541,086$10,434,591$18,201,442
57$25,250,522$13,103,273$10,731,824$19,615,709
58$27,772,100$13,691,358$11,037,365$21,157,931
59$30,549,179$14,306,560$11,351,442$22,840,522
60$33,607,767$14,950,153$11,674,286$24,677,135
61$36,976,521$15,623,473$12,006,137$26,682,790
62$40,687,023$16,327,919$12,347,239$28,874,008
63$44,774,071$17,064,959$12,697,843$31,268,967
64$49,276,012$17,836,128$13,058,207$33,887,667
65$54,235,104$18,643,036$13,428,595$36,752,114
66$59,697,910$19,487,371$13,809,279$39,886,527
67$65,715,744$20,370,899$14,200,537$43,317,558
68$72,345,149$21,295,472$14,602,654$47,074,540
69$79,648,435$22,263,031$15,015,924$51,189,760
70$87,694,264$23,275,609$15,440,646$55,698,758
71$96,558,302$24,335,336$15,877,131$60,640,655
72$106,323,927$25,444,446$16,325,692$66,058,520
73$117,083,021$26,605,277$16,786,657$71,999,767
74$128,936,835$27,820,282$17,260,356$78,516,600
75$141,996,945$29,092,029$17,747,131$85,666,495
76$156,386,307$30,423,211$18,247,333$93,512,738
77$172,240,412$31,816,650$18,761,320$102,125,018
78$189,708,570$33,275,303$19,289,461$111,580,072
79$208,955,320$34,802,268$19,832,133$121,962,405
80$230,161,977$36,400,793$20,389,724$133,365,078
81$253,528,349$38,074,282$20,962,630$145,890,578
82$279,274,621$39,826,303$21,551,259$159,651,781
83$307,643,434$41,660,593$22,156,028$174,772,999
84$338,902,174$43,581,072$22,777,365$191,391,152
85$373,345,498$45,591,847$23,415,708$209,657,049
86$411,298,113$47,697,221$24,071,508$229,736,797
87$453,117,842$49,901,708$24,745,226$251,813,360
88$499,199,005$52,210,034$25,437,334$276,088,277
89$549,976,136$54,627,158$26,148,317$302,783,549
90$605,928,087$57,158,274$26,878,670$332,143,725
91$667,582,550$59,808,827$27,628,904$364,438,194
92$735,521,037$62,584,527$28,399,539$399,963,715
93$810,384,369$65,491,355$29,191,110$439,047,208
94$892,878,727$68,535,584$30,004,165$482,048,820
95$983,782,317$71,723,787$30,839,264$529,365,309
96$1,083,952,716$75,062,856$31,696,983$581,433,778
97$1,194,334,972$78,560,014$32,577,910$638,735,778
98$1,315,970,518$82,222,834$33,482,650$701,801,841
99$1,450,007,012$86,059,254$34,411,819$771,216,464
100$1,597,709,164$90,077,594$35,366,052$847,623,613