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%15.1%
1 years$652,375$646,564$640,894$635,360$629,957$616,734
2 years$322,958$316,943$311,114$305,462$299,980$286,720
3 years$213,166$207,126$201,311$195,712$190,319$177,436
4 years$158,282$152,259$146,503$141,000$135,737$123,331
5 years$125,359$119,373$113,692$108,301$103,185$91,290
6 years$103,418$97,477$91,880$86,609$81,647$70,276
7 years$87,752$81,861$76,353$71,206$66,401$55,556
8 years$76,008$70,170$64,753$59,733$55,086$44,765
9 years$66,878$61,096$55,772$50,879$46,390$36,585
10 years$59,579$53,853$48,623$43,859$39,527$30,227
11 years$53,611$47,942$42,807$38,170$33,994$25,189
12 years$48,641$43,030$37,990$33,480$29,459$21,135
13 years$44,439$38,887$33,942$29,558$25,689$17,831
14 years$40,840$35,347$30,497$26,238$22,519$15,112
15 years$37,724$32,290$27,535$23,400$19,827$12,856
16 years$35,000$29,626$24,964$20,952$17,523$10,971
17 years$32,599$27,284$22,716$18,825$15,537$9,386
18 years$30,467$25,212$20,737$16,965$13,815$8,049
19 years$28,562$23,366$18,984$15,330$12,314$6,914
20 years$26,850$21,713$17,422$13,884$10,999$5,949
21 years$25,302$20,225$16,025$12,601$9,843$5,126
22 years$23,897$18,879$14,770$11,457$8,823$4,421
23 years$22,617$17,657$13,637$10,434$7,920$3,818
24 years$21,444$16,544$12,612$9,516$7,118$3,299
25 years$20,367$15,525$11,681$8,691$6,405$2,853
26 years$19,375$14,591$10,834$7,947$5,770$2,469
27 years$18,458$13,732$10,060$7,274$5,202$2,137
28 years$17,607$12,940$9,352$6,664$4,694$1,851
29 years$16,817$12,207$8,703$6,111$4,238$1,604
30 years$16,081$11,528$8,107$5,609$3,830$1,391
31 years$15,394$10,898$7,558$5,151$3,462$1,206
32 years$14,751$10,312$7,051$4,734$3,132$1,046
33 years$14,148$9,765$6,584$4,353$2,834$907
34 years$13,582$9,255$6,152$4,005$2,566$787
35 years$13,049$8,779$5,751$3,687$2,324$683
36 years$12,547$8,332$5,380$3,396$2,106$593
37 years$12,073$7,914$5,036$3,129$1,909$515
38 years$11,626$7,521$4,716$2,884$1,730$447
39 years$11,202$7,152$4,418$2,659$1,569$388
40 years$10,801$6,804$4,141$2,453$1,423$337
41 years$10,420$6,477$3,883$2,263$1,291$293
42 years$10,058$6,168$3,642$2,088$1,172$254
43 years$9,714$5,877$3,418$1,928$1,063$221
44 years$9,386$5,602$3,208$1,780$965$192
45 years$9,074$5,342$3,013$1,644$876$167
46 years$8,777$5,096$2,829$1,518$796$145
47 years$8,493$4,863$2,658$1,403$722$126
48 years$8,221$4,643$2,498$1,296$656$109
49 years$7,962$4,434$2,348$1,198$596$95
50 years$7,713$4,235$2,207$1,107$541$82

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 $2,222 every year, while hoping to spend $34,975 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: 41/30/29 Blend
44$7,900,000$7,900,000$7,900,000$7,900,000
45$8,708,092$8,289,392$8,166,942$8,990,765
46$9,559,104$8,658,359$8,403,321$9,564,846
47$10,495,748$9,044,233$8,646,447$10,182,421
48$11,526,719$9,447,806$8,896,509$10,850,267
49$12,661,603$9,869,907$9,153,700$11,573,032
50$13,910,958$10,311,404$9,418,221$12,355,821
51$15,286,421$10,773,208$9,690,276$13,204,238
52$16,800,812$11,256,271$9,970,076$14,124,441
53$18,468,258$11,761,592$10,257,838$15,123,192
54$20,304,328$12,290,218$10,553,783$16,207,919
55$22,326,175$12,843,244$10,858,140$17,386,787
56$24,552,700$13,421,818$11,171,143$18,668,767
57$27,004,733$14,027,144$11,493,033$20,063,722
58$29,705,224$14,660,483$11,824,058$21,582,492
59$32,679,464$15,323,154$12,164,472$23,236,995
60$35,955,323$16,016,542$12,514,535$25,040,338
61$39,563,509$16,742,096$12,874,515$27,006,933
62$43,537,864$17,501,336$13,244,689$29,152,629
63$47,915,678$18,295,853$13,625,338$31,494,861
64$52,738,043$19,127,315$14,016,752$34,052,807
65$58,050,241$19,997,471$14,419,230$36,847,567
66$63,902,169$20,908,151$14,833,079$39,902,353
67$70,348,815$21,861,275$15,258,611$43,242,707
68$77,450,770$22,858,853$15,696,151$46,896,736
69$85,274,805$23,902,994$16,146,029$50,895,372
70$93,894,500$24,995,905$16,608,585$55,272,655
71$103,390,936$26,139,902$17,084,170$60,066,054
72$113,853,464$27,337,409$17,573,141$65,316,809
73$125,380,543$28,590,968$18,075,868$71,070,318
74$138,080,677$29,903,244$18,592,728$77,376,555
75$152,073,430$31,277,027$19,124,109$84,290,539
76$167,490,564$32,715,245$19,670,410$91,872,840
77$184,477,272$34,220,963$20,232,039$100,190,150
78$203,193,559$35,797,395$20,809,418$109,315,898
79$223,815,745$37,447,910$21,402,976$119,330,939
80$246,538,131$39,176,038$22,013,156$130,324,306
81$271,574,836$40,985,480$22,640,413$142,394,042
82$299,161,815$42,880,113$23,285,212$155,648,118
83$329,559,085$44,864,004$23,948,031$170,205,437
84$363,053,183$46,941,412$24,629,362$186,196,950
85$399,959,871$49,116,804$25,329,708$203,766,882
86$440,627,111$51,394,861$26,049,587$223,074,078
87$485,438,357$53,780,489$26,789,529$244,293,493
88$534,816,169$56,278,833$27,550,078$267,617,829
89$589,226,206$58,895,284$28,331,793$293,259,347
90$649,181,618$61,635,492$29,135,247$321,451,846
91$715,247,894$64,505,382$29,961,029$352,452,869
92$788,048,197$67,511,164$30,809,742$386,546,107
93$868,269,250$70,659,347$31,682,004$424,044,069
94$956,667,814$73,956,755$32,578,452$465,291,015
95$1,054,077,837$77,410,543$33,499,736$510,666,186
96$1,161,418,324$81,028,207$34,446,525$560,587,366
97$1,279,702,015$84,817,611$35,419,506$615,514,811
98$1,410,044,941$88,786,995$36,419,380$675,955,572
99$1,553,676,965$92,944,998$37,446,869$742,468,260
100$1,711,953,390$97,300,677$38,502,714$815,668,301