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%15.2%
1 years$660,633$654,748$649,007$643,403$637,931$624,286
2 years$327,046$320,955$315,052$309,328$303,777$290,096
3 years$215,865$209,748$203,859$198,190$192,728$179,439
4 years$160,285$154,187$148,357$142,785$137,456$124,659
5 years$126,946$120,884$115,131$109,672$104,492$92,225
6 years$104,727$98,711$93,043$87,706$82,681$70,957
7 years$88,863$82,897$77,319$72,108$67,241$56,063
8 years$76,970$71,058$65,573$60,489$55,783$45,147
9 years$67,725$61,869$56,478$51,524$46,978$36,875
10 years$60,333$54,535$49,239$44,414$40,027$30,448
11 years$54,289$48,549$43,349$38,653$34,425$25,357
12 years$49,256$43,575$38,471$33,904$29,832$21,262
13 years$45,001$39,379$34,371$29,932$26,014$17,927
14 years$41,357$35,794$30,883$26,571$22,804$15,183
15 years$38,201$32,699$27,883$23,696$20,078$12,907
16 years$35,443$30,001$25,280$21,217$17,745$11,006
17 years$33,012$27,629$23,004$19,064$15,734$9,410
18 years$30,853$25,531$21,000$17,180$13,990$8,063
19 years$28,924$23,662$19,224$15,524$12,470$6,922
20 years$27,189$21,988$17,643$14,060$11,138$5,951
21 years$25,622$20,481$16,228$12,760$9,967$5,123
22 years$24,200$19,118$14,957$11,602$8,934$4,416
23 years$22,903$17,881$13,810$10,566$8,020$3,810
24 years$21,716$16,753$12,772$9,637$7,208$3,290
25 years$20,625$15,722$11,829$8,801$6,487$2,843
26 years$19,620$14,776$10,971$8,047$5,843$2,458
27 years$18,691$13,906$10,188$7,366$5,268$2,126
28 years$17,830$13,103$9,471$6,749$4,753$1,840
29 years$17,030$12,362$8,813$6,189$4,292$1,593
30 years$16,285$11,674$8,209$5,680$3,878$1,380
31 years$15,589$11,036$7,653$5,216$3,506$1,196
32 years$14,937$10,442$7,141$4,794$3,172$1,036
33 years$14,327$9,889$6,667$4,408$2,870$898
34 years$13,753$9,373$6,229$4,056$2,599$779
35 years$13,214$8,890$5,824$3,734$2,354$675
36 years$12,706$8,438$5,448$3,439$2,133$586
37 years$12,226$8,014$5,100$3,168$1,933$508
38 years$11,773$7,616$4,775$2,920$1,752$441
39 years$11,344$7,242$4,474$2,693$1,589$382
40 years$10,937$6,890$4,194$2,484$1,441$332
41 years$10,552$6,559$3,932$2,291$1,308$288
42 years$10,185$6,246$3,689$2,115$1,187$250
43 years$9,837$5,952$3,461$1,952$1,077$217
44 years$9,505$5,673$3,249$1,803$977$188
45 years$9,189$5,410$3,051$1,665$887$163
46 years$8,888$5,161$2,865$1,538$806$142
47 years$8,600$4,925$2,692$1,421$732$123
48 years$8,325$4,702$2,530$1,313$664$107
49 years$8,062$4,490$2,378$1,213$603$93
50 years$7,811$4,289$2,235$1,121$548$80

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 $4,366 every year, while hoping to spend $33,027 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: 60/26/14 Blend
44$8,000,000$8,000,000$8,000,000$8,000,000
45$8,820,504$8,396,504$8,272,504$9,318,774
46$9,685,054$8,772,792$8,514,492$10,031,174
47$10,636,683$9,166,411$8,763,480$10,803,860
48$11,684,235$9,578,176$9,019,667$11,645,964
49$12,837,460$10,008,940$9,283,259$12,564,194
50$14,107,099$10,459,596$9,554,467$13,565,928
51$15,504,988$10,931,081$9,833,506$14,659,278
52$17,044,170$11,424,377$10,120,601$15,853,167
53$18,739,014$11,940,510$10,415,981$17,157,412
54$20,605,357$12,480,559$10,719,880$18,582,811
55$22,660,649$13,045,652$11,032,541$20,141,243
56$24,924,117$13,636,971$11,354,213$21,845,782
57$27,416,949$14,255,755$11,685,152$23,710,812
58$30,162,494$14,903,302$12,025,620$25,752,163
59$33,186,477$15,580,973$12,375,887$27,987,256
60$36,517,251$16,290,194$12,736,232$30,435,265
61$40,186,055$17,032,457$13,106,940$33,117,295
62$44,227,314$17,809,329$13,488,304$36,056,577
63$48,678,963$18,622,450$13,880,626$39,278,686
64$53,582,805$19,473,538$14,284,215$42,811,775
65$58,984,905$20,364,394$14,699,389$46,686,840
66$64,936,023$21,296,908$15,126,477$50,938,005
67$71,492,097$22,273,056$15,565,814$55,602,845
68$78,714,768$23,294,912$16,017,745$60,722,733
69$86,671,961$24,364,650$16,482,626$66,343,225
70$95,438,529$25,484,545$16,960,822$72,514,488
71$105,096,956$26,656,986$17,452,707$79,291,765
72$115,738,140$27,884,472$17,958,667$86,735,897
73$127,462,245$29,169,626$18,479,097$94,913,884
74$140,379,651$30,515,195$19,014,404$103,899,518
75$154,611,995$31,924,059$19,565,006$113,774,072
76$170,293,317$33,399,237$20,131,332$124,627,058
77$187,571,327$34,943,891$20,713,824$136,557,068
78$206,608,800$36,561,339$21,312,934$149,672,701
79$227,585,108$38,255,055$21,929,127$164,093,571
80$250,697,919$40,028,683$22,562,883$179,951,442
81$276,165,059$41,886,041$23,214,693$197,391,451
82$304,226,570$43,831,132$23,885,060$216,573,480
83$335,146,975$45,868,152$24,574,504$237,673,649
84$369,217,774$48,001,499$25,283,557$260,885,978
85$406,760,197$50,235,782$26,012,767$286,424,198
86$448,128,237$52,575,835$26,762,694$314,523,771
87$493,711,990$55,026,724$27,533,917$345,444,093
88$543,941,337$57,593,758$28,327,028$379,470,936
89$599,290,006$60,282,505$29,142,636$416,919,136
90$660,280,039$63,098,800$29,981,366$458,135,548
91$727,486,722$66,048,760$30,843,862$503,502,314
92$801,544,018$69,138,800$31,730,781$553,440,455
93$883,150,548$72,375,641$32,642,802$608,413,832
94$973,076,189$75,766,332$33,580,621$668,933,510
95$1,072,169,340$79,318,263$34,544,952$735,562,569
96$1,181,364,933$83,039,178$35,536,528$808,921,407
97$1,301,693,258$86,937,199$36,556,103$889,693,574
98$1,434,289,688$91,020,840$37,604,451$978,632,215
99$1,580,405,402$95,299,026$38,682,365$1,076,567,157
100$1,741,419,190$99,781,116$39,790,662$1,184,412,729