Can I retire at age 45 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$660,633$654,748$649,007$643,403$637,931$614,808
2 years$327,046$320,955$315,052$309,328$303,777$280,734
3 years$215,865$209,748$203,859$198,190$192,728$170,491
4 years$160,285$154,187$148,357$142,785$137,456$116,193
5 years$126,946$120,884$115,131$109,672$104,492$84,260
6 years$104,727$98,711$93,043$87,706$82,681$63,494
7 years$88,863$82,897$77,319$72,108$67,241$49,095
8 years$76,970$71,058$65,573$60,489$55,783$38,662
9 years$67,725$61,869$56,478$51,524$46,978$30,859
10 years$60,333$54,535$49,239$44,414$40,027$24,882
11 years$54,289$48,549$43,349$38,653$34,425$20,222
12 years$49,256$43,575$38,471$33,904$29,832$16,536
13 years$45,001$39,379$34,371$29,932$26,014$13,589
14 years$41,357$35,794$30,883$26,571$22,804$11,211
15 years$38,201$32,699$27,883$23,696$20,078$9,279
16 years$35,443$30,001$25,280$21,217$17,745$7,700
17 years$33,012$27,629$23,004$19,064$15,734$6,403
18 years$30,853$25,531$21,000$17,180$13,990$5,334
19 years$28,924$23,662$19,224$15,524$12,470$4,450
20 years$27,189$21,988$17,643$14,060$11,138$3,717
21 years$25,622$20,481$16,228$12,760$9,967$3,107
22 years$24,200$19,118$14,957$11,602$8,934$2,600
23 years$22,903$17,881$13,810$10,566$8,020$2,177
24 years$21,716$16,753$12,772$9,637$7,208$1,824
25 years$20,625$15,722$11,829$8,801$6,487$1,529
26 years$19,620$14,776$10,971$8,047$5,843$1,282
27 years$18,691$13,906$10,188$7,366$5,268$1,076
28 years$17,830$13,103$9,471$6,749$4,753$903
29 years$17,030$12,362$8,813$6,189$4,292$758
30 years$16,285$11,674$8,209$5,680$3,878$636
31 years$15,589$11,036$7,653$5,216$3,506$534
32 years$14,937$10,442$7,141$4,794$3,172$448
33 years$14,327$9,889$6,667$4,408$2,870$377
34 years$13,753$9,373$6,229$4,056$2,599$316
35 years$13,214$8,890$5,824$3,734$2,354$266
36 years$12,706$8,438$5,448$3,439$2,133$223
37 years$12,226$8,014$5,100$3,168$1,933$187
38 years$11,773$7,616$4,775$2,920$1,752$158
39 years$11,344$7,242$4,474$2,693$1,589$132
40 years$10,937$6,890$4,194$2,484$1,441$111
41 years$10,552$6,559$3,932$2,291$1,308$93
42 years$10,185$6,246$3,689$2,115$1,187$78
43 years$9,837$5,952$3,461$1,952$1,077$66
44 years$9,505$5,673$3,249$1,803$977$55
45 years$9,189$5,410$3,051$1,665$887$47
46 years$8,888$5,161$2,865$1,538$806$39
47 years$8,600$4,925$2,692$1,421$732$33
48 years$8,325$4,702$2,530$1,313$664$28
49 years$8,062$4,490$2,378$1,213$603$23
50 years$7,811$4,289$2,235$1,121$548$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,000,000, adding $2,329 every year, while hoping to spend $54,540 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: 64/19/17 Blend
44$8,000,000$8,000,000$8,000,000$8,000,000
45$8,818,402$8,394,402$8,270,402$9,345,407
46$9,659,849$8,747,698$8,489,431$10,052,612
47$10,585,296$9,116,477$8,713,969$10,818,409
48$11,603,252$9,501,441$8,944,143$11,653,672
49$12,723,096$9,903,323$9,180,083$12,565,184
50$13,955,157$10,322,891$9,421,921$13,560,407
51$15,310,818$10,760,949$9,669,791$14,647,553
52$16,802,623$11,218,336$9,923,831$15,835,660
53$18,444,390$11,695,934$10,184,179$17,134,674
54$20,251,346$12,194,663$10,450,977$18,555,543
55$22,240,269$12,715,488$10,724,370$20,110,318
56$24,429,646$13,259,416$11,004,506$21,812,265
57$26,839,846$13,827,503$11,291,533$23,675,986
58$29,493,316$14,420,856$11,585,605$25,717,559
59$32,414,788$15,040,632$11,886,876$27,954,687
60$35,631,514$15,688,040$12,195,504$30,406,858
61$39,173,524$16,364,350$12,511,649$33,095,534
62$43,073,908$17,070,888$12,835,474$36,044,346
63$47,369,129$17,809,044$13,167,145$39,279,315
64$52,099,366$18,580,273$13,506,830$42,829,100
65$57,308,892$19,386,097$13,854,700$46,725,259
66$63,046,495$20,228,112$14,210,928$51,002,549
67$69,365,935$21,107,986$14,575,691$55,699,251
68$76,326,451$22,027,468$14,949,168$60,857,525
69$83,993,323$22,988,389$15,331,539$66,523,809
70$92,438,486$23,992,663$15,722,990$72,749,251
71$101,741,207$25,042,300$16,123,706$79,590,190
72$111,988,837$26,139,399$16,533,877$87,108,685
73$123,277,631$27,286,163$16,953,694$95,373,096
74$135,713,659$28,484,894$17,383,353$104,458,725
75$149,413,806$29,738,008$17,823,048$114,448,524
76$164,506,874$31,048,030$18,272,980$125,433,876
77$181,134,801$32,417,609$18,733,350$137,515,447
78$199,453,995$33,849,516$19,204,362$150,804,140
79$219,636,815$35,346,655$19,686,221$165,422,130
80$241,873,196$36,912,067$20,179,135$181,504,018
81$266,372,441$38,548,937$20,683,315$199,198,093
82$293,365,196$40,260,601$21,198,972$218,667,729
83$323,105,630$42,050,554$21,726,322$240,092,918
84$355,873,829$43,922,456$22,265,578$263,671,969
85$391,978,444$45,880,141$22,816,960$289,623,370
86$431,759,603$47,927,626$23,380,685$318,187,846
87$475,592,120$50,069,117$23,956,976$349,630,623
88$523,889,034$52,309,021$24,546,052$384,243,927
89$577,105,509$54,651,957$25,148,138$422,349,736
90$635,743,127$57,102,759$25,763,458$464,302,811
91$700,354,628$59,666,496$26,392,235$510,494,036
92$771,549,121$62,348,476$27,034,697$561,354,103
93$849,997,840$65,154,260$27,691,067$617,357,569
94$936,440,476$68,089,674$28,361,574$679,027,323
95$1,031,692,160$71,160,824$29,046,442$746,939,520
96$1,136,651,161$74,374,105$29,745,899$821,729,005
97$1,252,307,361$77,736,218$30,460,169$904,095,299
98$1,379,751,605$81,254,185$31,189,477$994,809,190
99$1,520,185,991$84,935,363$31,934,046$1,094,720,003
100$1,674,935,225$88,787,459$32,694,101$1,204,763,601