Can I retire at age 45 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$677,148$671,117$665,232$659,488$653,880$642,254
2 years$335,222$328,979$322,928$317,062$311,371$299,699
3 years$221,261$214,991$208,956$203,144$197,547$186,190
4 years$164,292$158,041$152,066$146,354$140,892$129,939
5 years$130,120$123,906$118,010$112,414$107,104$96,586
6 years$107,345$101,179$95,369$89,898$84,748$74,677
7 years$91,085$84,970$79,252$73,910$68,922$59,302
8 years$78,894$72,835$67,212$62,002$57,178$48,005
9 years$69,418$63,416$57,890$52,812$48,152$39,421
10 years$61,842$55,898$50,470$45,524$41,028$32,731
11 years$55,647$49,763$44,433$39,620$35,285$27,414
12 years$50,488$44,664$39,433$34,752$30,578$23,121
13 years$46,126$40,363$35,231$30,681$26,664$19,611
14 years$42,391$36,689$31,655$27,235$23,374$16,711
15 years$39,156$33,516$28,580$24,289$20,580$14,295
16 years$36,329$30,751$25,912$21,748$18,189$12,267
17 years$33,837$28,320$23,579$19,540$16,127$10,556
18 years$31,624$26,169$21,525$17,610$14,340$9,105
19 years$29,647$24,253$19,705$15,912$12,781$7,868
20 years$27,869$22,537$18,084$14,411$11,416$6,811
21 years$26,263$20,993$16,634$13,079$10,216$5,904
22 years$24,805$19,596$15,331$11,892$9,158$5,124
23 years$23,475$18,328$14,155$10,830$8,220$4,452
24 years$22,259$17,172$13,091$9,878$7,389$3,871
25 years$21,141$16,115$12,125$9,021$6,649$3,369
26 years$20,111$15,145$11,245$8,248$5,989$2,934
27 years$19,159$14,254$10,442$7,550$5,400$2,557
28 years$18,276$13,431$9,707$6,917$4,872$2,229
29 years$17,456$12,671$9,034$6,343$4,399$1,944
30 years$16,692$11,966$8,414$5,822$3,975$1,697
31 years$15,978$11,312$7,845$5,347$3,594$1,481
32 years$15,311$10,703$7,319$4,914$3,251$1,293
33 years$14,685$10,136$6,834$4,519$2,942$1,129
34 years$14,097$9,607$6,385$4,157$2,664$987
35 years$13,544$9,112$5,970$3,827$2,413$862
36 years$13,023$8,649$5,585$3,525$2,186$753
37 years$12,532$8,214$5,227$3,248$1,981$658
38 years$12,067$7,806$4,895$2,993$1,796$575
39 years$11,627$7,423$4,586$2,760$1,629$503
40 years$11,211$7,062$4,298$2,546$1,477$440
41 years$10,815$6,723$4,031$2,349$1,340$385
42 years$10,440$6,403$3,781$2,168$1,216$336
43 years$10,083$6,100$3,548$2,001$1,104$294
44 years$9,743$5,815$3,330$1,848$1,002$257
45 years$9,419$5,545$3,127$1,706$910$225
46 years$9,110$5,290$2,937$1,576$826$197
47 years$8,815$5,048$2,759$1,456$750$172
48 years$8,533$4,819$2,593$1,346$681$150
49 years$8,264$4,602$2,437$1,244$619$132
50 years$8,006$4,396$2,291$1,149$562$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,200,000, adding $2,064 every year, while hoping to spend $48,339 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: 65/12/23 Blend
44$8,200,000$8,200,000$8,200,000$8,200,000
45$9,038,529$8,603,929$8,476,829$9,572,175
46$9,909,027$8,974,089$8,709,370$10,301,864
47$10,866,695$9,360,767$8,948,082$11,093,389
48$11,920,374$9,764,721$9,193,119$11,957,369
49$13,079,805$10,186,745$9,444,641$12,900,920
50$14,355,720$10,627,670$9,702,811$13,931,871
51$15,759,943$11,088,366$9,967,796$15,058,844
52$17,305,506$11,569,745$10,239,765$16,291,326
53$19,006,765$12,072,759$10,518,895$17,639,763
54$20,879,539$12,598,409$10,805,362$19,115,656
55$22,941,260$13,147,739$11,099,349$20,731,664
56$25,211,134$13,721,844$11,401,043$22,501,729
57$27,710,327$14,321,871$11,710,635$24,441,200
58$30,462,158$14,949,021$12,028,319$26,566,980
59$33,492,326$15,604,550$12,354,296$28,897,681
60$36,829,146$16,289,776$12,688,767$31,453,800
61$40,503,820$17,006,077$13,031,943$34,257,912
62$44,550,732$17,754,896$13,384,035$37,334,876
63$49,007,768$18,537,747$13,745,261$40,712,074
64$53,916,676$19,356,213$14,115,843$44,419,662
65$59,323,462$20,211,952$14,496,008$48,490,856
66$65,278,819$21,106,702$14,885,989$52,962,243
67$71,838,610$22,042,282$15,286,021$57,874,123
68$79,064,392$23,020,598$15,696,347$63,270,886
69$87,023,999$24,043,646$16,117,214$69,201,432
70$95,792,180$25,113,517$16,548,873$75,719,627
71$105,451,304$26,232,401$16,991,582$82,884,809
72$116,092,142$27,402,593$17,445,605$90,762,349
73$127,814,716$28,626,496$17,911,208$99,424,260
74$140,729,249$29,906,627$18,388,666$108,949,877
75$154,957,205$31,245,624$18,878,258$119,426,601
76$170,632,429$32,646,249$19,380,269$130,950,723
77$187,902,418$34,111,396$19,894,990$143,628,329
78$206,929,709$35,644,099$20,422,716$157,576,296
79$227,893,412$37,247,533$20,963,750$172,923,393
80$250,990,905$38,925,027$21,518,401$189,811,493
81$276,439,692$40,680,067$22,086,981$208,396,909
82$304,479,458$42,516,308$22,669,812$228,851,865
83$335,374,331$44,437,576$23,267,220$251,366,114
84$369,415,378$46,447,882$23,879,537$276,148,732
85$406,923,347$48,551,429$24,507,102$303,430,081
86$448,251,699$50,752,619$25,150,260$333,463,980
87$493,789,940$53,056,065$25,809,362$366,530,100
88$543,967,304$55,466,603$26,484,766$402,936,592
89$599,256,799$57,989,296$27,176,835$443,022,999
90$660,179,675$60,629,454$27,885,941$487,163,447
91$727,310,342$63,392,638$28,612,461$535,770,177
92$801,281,797$66,284,676$29,356,778$589,297,430
93$882,791,592$69,311,678$30,119,282$648,245,725
94$972,608,426$72,480,042$30,900,370$713,166,582
95$1,071,579,399$75,796,477$31,700,445$784,667,718
96$1,180,638,005$79,268,012$32,519,918$863,418,779
97$1,300,812,951$82,902,014$33,359,205$950,157,654
98$1,433,237,862$86,706,203$34,218,728$1,045,697,432
99$1,579,161,987$90,688,670$35,098,918$1,150,934,070
100$1,739,961,990$94,857,894$36,000,212$1,266,854,845