Can I retire at age 45 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$652,375$646,564$640,894$635,360$629,957$611,507
2 years$322,958$316,943$311,114$305,462$299,980$281,541
3 years$213,166$207,126$201,311$195,712$190,319$172,470
4 years$158,282$152,259$146,503$141,000$135,737$118,614
5 years$125,359$119,373$113,692$108,301$103,185$86,835
6 years$103,418$97,477$91,880$86,609$81,647$66,085
7 years$87,752$81,861$76,353$71,206$66,401$51,626
8 years$76,008$70,170$64,753$59,733$55,086$41,089
9 years$66,878$61,096$55,772$50,879$46,390$33,158
10 years$59,579$53,853$48,623$43,859$39,527$27,041
11 years$53,611$47,942$42,807$38,170$33,994$22,234
12 years$48,641$43,030$37,990$33,480$29,459$18,400
13 years$44,439$38,887$33,942$29,558$25,689$15,307
14 years$40,840$35,347$30,497$26,238$22,519$12,787
15 years$37,724$32,290$27,535$23,400$19,827$10,719
16 years$35,000$29,626$24,964$20,952$17,523$9,011
17 years$32,599$27,284$22,716$18,825$15,537$7,593
18 years$30,467$25,212$20,737$16,965$13,815$6,411
19 years$28,562$23,366$18,984$15,330$12,314$5,422
20 years$26,850$21,713$17,422$13,884$10,999$4,591
21 years$25,302$20,225$16,025$12,601$9,843$3,893
22 years$23,897$18,879$14,770$11,457$8,823$3,303
23 years$22,617$17,657$13,637$10,434$7,920$2,806
24 years$21,444$16,544$12,612$9,516$7,118$2,385
25 years$20,367$15,525$11,681$8,691$6,405$2,028
26 years$19,375$14,591$10,834$7,947$5,770$1,725
27 years$18,458$13,732$10,060$7,274$5,202$1,469
28 years$17,607$12,940$9,352$6,664$4,694$1,251
29 years$16,817$12,207$8,703$6,111$4,238$1,065
30 years$16,081$11,528$8,107$5,609$3,830$907
31 years$15,394$10,898$7,558$5,151$3,462$773
32 years$14,751$10,312$7,051$4,734$3,132$659
33 years$14,148$9,765$6,584$4,353$2,834$562
34 years$13,582$9,255$6,152$4,005$2,566$479
35 years$13,049$8,779$5,751$3,687$2,324$408
36 years$12,547$8,332$5,380$3,396$2,106$348
37 years$12,073$7,914$5,036$3,129$1,909$297
38 years$11,626$7,521$4,716$2,884$1,730$253
39 years$11,202$7,152$4,418$2,659$1,569$216
40 years$10,801$6,804$4,141$2,453$1,423$184
41 years$10,420$6,477$3,883$2,263$1,291$157
42 years$10,058$6,168$3,642$2,088$1,172$134
43 years$9,714$5,877$3,418$1,928$1,063$114
44 years$9,386$5,602$3,208$1,780$965$98
45 years$9,074$5,342$3,013$1,644$876$83
46 years$8,777$5,096$2,829$1,518$796$71
47 years$8,493$4,863$2,658$1,403$722$61
48 years$8,221$4,643$2,498$1,296$656$52
49 years$7,962$4,434$2,348$1,198$596$44
50 years$7,713$4,235$2,207$1,107$541$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,900,000, adding $2,287 every year, while hoping to spend $42,953 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: 49/35/16 Blend
44$7,900,000$7,900,000$7,900,000$7,900,000
45$8,708,159$8,289,459$8,167,009$9,096,032
46$9,550,690$8,649,941$8,394,902$9,724,501
47$10,477,719$9,026,647$8,628,990$10,402,199
48$11,497,820$9,420,326$8,869,435$11,137,440
49$12,620,439$9,831,764$9,116,403$11,935,642
50$13,855,986$10,261,783$9,370,065$12,802,753
51$15,215,929$10,711,242$9,630,594$13,745,314
52$16,712,905$11,181,045$9,898,171$14,770,507
53$18,360,839$11,672,133$10,172,976$15,886,229
54$20,175,073$12,185,496$10,455,200$17,101,159
55$22,172,514$12,722,169$10,745,033$18,424,837
56$24,371,791$13,283,236$11,042,672$19,867,753
57$26,793,431$13,869,832$11,348,318$21,441,443
58$29,460,054$14,483,146$11,662,180$23,158,591
59$32,396,583$15,124,424$11,984,466$25,033,148
60$35,630,484$15,794,970$12,315,395$27,080,460
61$39,192,020$16,496,150$12,655,188$29,317,406
62$43,114,541$17,229,396$13,004,071$31,762,557
63$47,434,794$17,996,207$13,362,278$34,436,346
64$52,193,274$18,798,152$13,730,045$37,361,255
65$57,434,603$19,636,877$14,107,617$40,562,024
66$63,207,952$20,514,104$14,495,242$44,065,877
67$69,567,507$21,431,638$14,893,176$47,902,778
68$76,572,974$22,391,370$15,301,679$52,105,706
69$84,290,151$23,395,281$15,721,019$56,710,962
70$92,791,543$24,445,446$16,151,469$61,758,503
71$102,157,045$25,544,038$16,593,309$67,292,318
72$112,474,704$26,693,335$17,046,824$73,360,832
73$123,841,539$27,895,724$17,512,308$80,017,358
74$136,364,465$29,153,704$17,990,060$87,320,597
75$150,161,299$30,469,894$18,480,386$95,335,180
76$165,361,871$31,847,039$18,983,598$104,132,272
77$182,109,252$33,288,013$19,500,019$113,790,236
78$200,561,100$34,795,830$20,029,974$124,395,366
79$220,891,153$36,373,647$20,573,798$136,042,692
80$243,290,865$38,024,770$21,131,835$148,836,866
81$267,971,215$39,752,666$21,704,434$162,893,143
82$295,164,699$41,560,966$22,291,952$178,338,458
83$325,127,521$43,453,476$22,894,755$195,312,616
84$358,142,016$45,434,184$23,513,217$213,969,598
85$394,519,311$47,507,269$24,147,719$234,479,003
86$434,602,265$49,677,109$24,798,652$257,027,641
87$478,768,702$51,948,294$25,466,413$281,821,281
88$527,434,982$54,325,632$26,151,410$309,086,582
89$581,059,926$56,814,164$26,854,058$339,073,218
90$640,149,152$59,419,171$27,574,783$372,056,221
91$705,259,844$62,146,189$28,314,016$408,338,565
92$777,006,013$65,001,018$29,072,202$448,254,008
93$856,064,297$67,989,738$29,849,791$492,170,225
94$943,180,342$71,118,722$30,647,245$540,492,268
95$1,039,175,843$74,394,646$31,465,034$593,666,367
96$1,144,956,306$77,824,510$32,303,639$652,184,124
97$1,261,519,588$81,415,650$33,163,551$716,587,140
98$1,389,965,324$85,175,755$34,045,268$787,472,099
99$1,531,505,304$89,112,883$34,949,300$865,496,388
100$1,687,474,912$93,235,482$35,876,169$951,384,276