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%17.1%
1 years$652,375$646,564$640,894$635,360$629,957$611,753
2 years$322,958$316,943$311,114$305,462$299,980$281,784
3 years$213,166$207,126$201,311$195,712$190,319$172,702
4 years$158,282$152,259$146,503$141,000$135,737$118,834
5 years$125,359$119,373$113,692$108,301$103,185$87,042
6 years$103,418$97,477$91,880$86,609$81,647$66,278
7 years$87,752$81,861$76,353$71,206$66,401$51,806
8 years$76,008$70,170$64,753$59,733$55,086$41,257
9 years$66,878$61,096$55,772$50,879$46,390$33,314
10 years$59,579$53,853$48,623$43,859$39,527$27,185
11 years$53,611$47,942$42,807$38,170$33,994$22,366
12 years$48,641$43,030$37,990$33,480$29,459$18,522
13 years$44,439$38,887$33,942$29,558$25,689$15,419
14 years$40,840$35,347$30,497$26,238$22,519$12,890
15 years$37,724$32,290$27,535$23,400$19,827$10,813
16 years$35,000$29,626$24,964$20,952$17,523$9,096
17 years$32,599$27,284$22,716$18,825$15,537$7,671
18 years$30,467$25,212$20,737$16,965$13,815$6,481
19 years$28,562$23,366$18,984$15,330$12,314$5,485
20 years$26,850$21,713$17,422$13,884$10,999$4,649
21 years$25,302$20,225$16,025$12,601$9,843$3,944
22 years$23,897$18,879$14,770$11,457$8,823$3,350
23 years$22,617$17,657$13,637$10,434$7,920$2,847
24 years$21,444$16,544$12,612$9,516$7,118$2,422
25 years$20,367$15,525$11,681$8,691$6,405$2,061
26 years$19,375$14,591$10,834$7,947$5,770$1,755
27 years$18,458$13,732$10,060$7,274$5,202$1,495
28 years$17,607$12,940$9,352$6,664$4,694$1,274
29 years$16,817$12,207$8,703$6,111$4,238$1,086
30 years$16,081$11,528$8,107$5,609$3,830$926
31 years$15,394$10,898$7,558$5,151$3,462$790
32 years$14,751$10,312$7,051$4,734$3,132$674
33 years$14,148$9,765$6,584$4,353$2,834$575
34 years$13,582$9,255$6,152$4,005$2,566$491
35 years$13,049$8,779$5,751$3,687$2,324$419
36 years$12,547$8,332$5,380$3,396$2,106$357
37 years$12,073$7,914$5,036$3,129$1,909$305
38 years$11,626$7,521$4,716$2,884$1,730$260
39 years$11,202$7,152$4,418$2,659$1,569$222
40 years$10,801$6,804$4,141$2,453$1,423$190
41 years$10,420$6,477$3,883$2,263$1,291$162
42 years$10,058$6,168$3,642$2,088$1,172$138
43 years$9,714$5,877$3,418$1,928$1,063$118
44 years$9,386$5,602$3,208$1,780$965$101
45 years$9,074$5,342$3,013$1,644$876$86
46 years$8,777$5,096$2,829$1,518$796$73
47 years$8,493$4,863$2,658$1,403$722$63
48 years$8,221$4,643$2,498$1,296$656$54
49 years$7,962$4,434$2,348$1,198$596$46
50 years$7,713$4,235$2,207$1,107$541$39

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 $2,332 every year, while hoping to spend $27,745 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: 34/49/17 Blend
44$7,900,000$7,900,000$7,900,000$7,900,000
45$8,708,205$8,289,505$8,167,055$8,958,435
46$9,566,922$8,666,171$8,411,131$9,518,727
47$10,512,298$9,060,363$8,662,454$10,119,775
48$11,553,142$9,472,911$8,921,237$10,767,341
49$12,699,164$9,904,685$9,187,699$11,465,549
50$13,961,059$10,356,595$9,462,067$12,218,913
51$15,350,615$10,829,596$9,744,574$13,032,381
52$16,880,820$11,324,688$10,035,460$13,911,378
53$18,565,985$11,842,919$10,334,969$14,861,846
54$20,421,882$12,385,389$10,643,357$15,890,305
55$22,465,889$12,953,247$10,960,884$17,003,903
56$24,717,155$13,547,702$11,287,819$18,210,483
57$27,196,782$14,170,017$11,624,439$19,518,650
58$29,928,023$14,821,517$11,971,027$20,937,847
59$32,936,502$15,503,592$12,327,877$22,478,440
60$36,250,453$16,217,696$12,695,289$24,151,811
61$39,900,993$16,965,356$13,073,574$25,970,455
62$43,922,406$17,748,171$13,463,051$27,948,097
63$48,352,477$18,567,817$13,864,049$30,099,814
64$53,232,839$19,426,049$14,276,904$32,442,166
65$58,609,373$20,324,710$14,701,965$34,993,352
66$64,532,637$21,265,729$15,139,588$37,773,370
67$71,058,345$22,251,129$15,590,144$40,804,199
68$78,247,892$23,283,030$16,054,009$44,110,000
69$86,168,933$24,363,654$16,531,574$47,717,331
70$94,896,022$25,495,331$17,023,240$51,655,396
71$104,511,317$26,680,503$17,529,419$55,956,304
72$115,105,353$27,921,729$18,050,536$60,655,367
73$126,777,898$29,221,692$18,587,028$65,791,424
74$139,638,894$30,583,206$19,139,344$71,407,191
75$153,809,495$32,009,217$19,707,946$77,549,659
76$169,423,212$33,502,817$20,293,311$84,270,525
77$186,627,170$35,067,246$20,895,927$91,626,664
78$205,583,500$36,705,900$21,516,300$99,680,659
79$226,470,867$38,422,339$22,154,946$108,501,373
80$249,486,158$40,220,296$22,812,398$118,164,588
81$274,846,339$42,103,683$23,489,207$128,753,704
82$302,790,506$44,076,603$24,185,935$140,360,514
83$333,582,137$46,143,356$24,903,163$153,086,051
84$367,511,585$48,308,451$25,641,489$167,041,525
85$404,898,815$50,576,613$26,401,528$182,349,360
86$446,096,425$52,952,799$27,183,910$199,144,325
87$491,492,977$55,442,202$27,989,287$217,574,791
88$541,516,660$58,050,269$28,818,328$237,804,110
89$596,639,338$60,782,711$29,671,721$260,012,134
90$657,381,001$63,645,515$30,550,174$284,396,897
91$724,314,673$66,644,955$31,454,415$311,176,452
92$798,071,826$69,787,614$32,385,193$340,590,915
93$879,348,335$73,080,390$33,343,281$372,904,698
94$968,911,054$76,530,517$34,329,469$408,408,983
95$1,067,605,049$80,145,580$35,344,574$447,424,442
96$1,176,361,581$83,933,531$36,389,435$490,304,235
97$1,296,206,896$87,902,708$37,464,914$537,437,312
98$1,428,271,910$92,061,851$38,571,899$589,252,056
99$1,573,802,891$96,420,128$39,711,304$646,220,290
100$1,734,173,220$100,987,148$40,884,067$708,861,697