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%13.4%
1 years$660,633$654,748$649,007$643,403$637,931$628,917
2 years$327,046$320,955$315,052$309,328$303,777$294,713
3 years$215,865$209,748$203,859$198,190$192,728$183,896
4 years$160,285$154,187$148,357$142,785$137,456$128,923
5 years$126,946$120,884$115,131$109,672$104,492$96,284
6 years$104,727$98,711$93,043$87,706$82,681$74,807
7 years$88,863$82,897$77,319$72,108$67,241$59,705
8 years$76,970$71,058$65,573$60,489$55,783$48,583
9 years$67,725$61,869$56,478$51,524$46,978$40,110
10 years$60,333$54,535$49,239$44,414$40,027$33,487
11 years$54,289$48,549$43,349$38,653$34,425$28,205
12 years$49,256$43,575$38,471$33,904$29,832$23,926
13 years$45,001$39,379$34,371$29,932$26,014$20,414
14 years$41,357$35,794$30,883$26,571$22,804$17,501
15 years$38,201$32,699$27,883$23,696$20,078$15,063
16 years$35,443$30,001$25,280$21,217$17,745$13,009
17 years$33,012$27,629$23,004$19,064$15,734$11,266
18 years$30,853$25,531$21,000$17,180$13,990$9,780
19 years$28,924$23,662$19,224$15,524$12,470$8,508
20 years$27,189$21,988$17,643$14,060$11,138$7,414
21 years$25,622$20,481$16,228$12,760$9,967$6,471
22 years$24,200$19,118$14,957$11,602$8,934$5,655
23 years$22,903$17,881$13,810$10,566$8,020$4,947
24 years$21,716$16,753$12,772$9,637$7,208$4,333
25 years$20,625$15,722$11,829$8,801$6,487$3,798
26 years$19,620$14,776$10,971$8,047$5,843$3,331
27 years$18,691$13,906$10,188$7,366$5,268$2,924
28 years$17,830$13,103$9,471$6,749$4,753$2,568
29 years$17,030$12,362$8,813$6,189$4,292$2,256
30 years$16,285$11,674$8,209$5,680$3,878$1,983
31 years$15,589$11,036$7,653$5,216$3,506$1,744
32 years$14,937$10,442$7,141$4,794$3,172$1,534
33 years$14,327$9,889$6,667$4,408$2,870$1,350
34 years$13,753$9,373$6,229$4,056$2,599$1,188
35 years$13,214$8,890$5,824$3,734$2,354$1,046
36 years$12,706$8,438$5,448$3,439$2,133$921
37 years$12,226$8,014$5,100$3,168$1,933$811
38 years$11,773$7,616$4,775$2,920$1,752$715
39 years$11,344$7,242$4,474$2,693$1,589$630
40 years$10,937$6,890$4,194$2,484$1,441$555
41 years$10,552$6,559$3,932$2,291$1,308$489
42 years$10,185$6,246$3,689$2,115$1,187$431
43 years$9,837$5,952$3,461$1,952$1,077$380
44 years$9,505$5,673$3,249$1,803$977$335
45 years$9,189$5,410$3,051$1,665$887$295
46 years$8,888$5,161$2,865$1,538$806$260
47 years$8,600$4,925$2,692$1,421$732$229
48 years$8,325$4,702$2,530$1,313$664$202
49 years$8,062$4,490$2,378$1,213$603$178
50 years$7,811$4,289$2,235$1,121$548$157

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 $2,798 every year, while hoping to spend $41,243 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: 58/37/5 Blend
44$8,000,000$8,000,000$8,000,000$8,000,000
45$8,818,886$8,394,886$8,270,886$9,322,157
46$9,674,530$8,762,353$8,504,079$10,027,418
47$10,616,068$9,146,444$8,743,701$10,790,780
48$11,652,216$9,547,930$8,989,924$11,621,710
49$12,792,581$9,967,617$9,242,926$12,526,669
50$14,047,747$10,406,352$9,502,886$13,512,760
51$15,429,374$10,865,020$9,769,989$14,587,789
52$16,950,313$11,344,549$10,044,427$15,760,341
53$18,624,722$11,845,910$10,326,393$17,039,852
54$20,468,204$12,370,120$10,616,087$18,436,699
55$22,497,950$12,918,244$10,913,715$19,962,295
56$24,732,902$13,491,400$11,219,486$21,629,191
57$27,193,935$14,090,755$11,533,615$23,451,194
58$29,904,048$14,717,534$11,856,323$25,443,491
59$32,888,588$15,373,020$12,187,837$27,622,793
60$36,175,482$16,058,556$12,528,388$30,007,482
61$39,795,505$16,775,549$12,878,213$32,617,789
62$43,782,570$17,525,474$13,237,556$35,475,972
63$48,174,045$18,309,875$13,606,667$38,606,530
64$53,011,108$19,130,370$13,985,801$42,036,422
65$58,339,136$19,988,653$14,375,220$45,795,324
66$64,208,131$20,886,500$14,775,193$49,915,898
67$70,673,193$21,825,771$15,185,995$54,434,097
68$77,795,040$22,808,416$15,607,907$59,389,503
69$85,640,581$23,836,475$16,041,219$64,825,687
70$94,283,547$24,912,088$16,486,226$70,790,620
71$103,805,184$26,037,497$16,943,230$77,337,121
72$114,295,028$27,215,049$17,412,543$84,523,341
73$125,851,739$28,447,205$17,894,482$92,413,314
74$138,584,042$29,736,543$18,389,372$101,077,549
75$152,611,745$31,085,764$18,897,547$110,593,689
76$168,066,876$32,497,700$19,419,348$121,047,238
77$185,094,926$33,975,316$19,955,125$132,532,356
78$203,856,222$35,521,719$20,505,234$145,152,744
79$224,527,440$37,140,167$21,070,044$159,022,609
80$247,303,276$38,834,072$21,649,927$174,267,737
81$272,398,279$40,607,011$22,245,269$191,026,668
82$300,048,880$42,462,731$22,856,462$209,451,993
83$330,515,621$44,405,160$23,483,908$229,711,786
84$364,085,614$46,438,413$24,128,019$251,991,178
85$401,075,255$48,566,803$24,789,216$276,494,091
86$441,833,206$50,794,851$25,467,929$303,445,153
87$486,743,688$53,127,294$26,164,600$333,091,806
88$536,230,110$55,569,097$26,879,680$365,706,625
89$590,759,061$58,125,463$27,613,629$401,589,881
90$650,844,720$60,801,845$28,366,921$441,072,356
91$717,053,706$63,603,960$29,140,037$484,518,454
92$790,010,427$66,537,797$29,933,471$532,329,623
93$870,402,977$69,609,636$30,747,729$584,948,130
94$958,989,629$72,826,056$31,583,326$642,861,212
95$1,056,605,994$76,193,956$32,440,791$706,605,664
96$1,164,172,910$79,720,565$33,320,662$776,772,883
97$1,282,705,135$83,413,460$34,223,492$854,014,431
98$1,413,320,924$87,280,585$35,149,844$939,048,166
99$1,557,252,589$91,330,264$36,100,295$1,032,664,994
100$1,715,858,131$95,571,225$37,075,433$1,135,736,311