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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$677,148$671,117$665,232$659,488$653,880$637,555
2 years$335,222$328,979$322,928$317,062$311,371$295,028
3 years$221,261$214,991$208,956$203,144$197,547$181,695
4 years$164,292$158,041$152,066$146,354$140,892$125,655
5 years$130,120$123,906$118,010$112,414$107,104$92,523
6 years$107,345$101,179$95,369$89,898$84,748$70,838
7 years$91,085$84,970$79,252$73,910$68,922$55,686
8 years$78,894$72,835$67,212$62,002$57,178$44,608
9 years$69,418$63,416$57,890$52,812$48,152$36,238
10 years$61,842$55,898$50,470$45,524$41,028$29,756
11 years$55,647$49,763$44,433$39,620$35,285$24,639
12 years$50,488$44,664$39,433$34,752$30,578$20,539
13 years$46,126$40,363$35,231$30,681$26,664$17,213
14 years$42,391$36,689$31,655$27,235$23,374$14,489
15 years$39,156$33,516$28,580$24,289$20,580$12,240
16 years$36,329$30,751$25,912$21,748$18,189$10,371
17 years$33,837$28,320$23,579$19,540$16,127$8,810
18 years$31,624$26,169$21,525$17,610$14,340$7,499
19 years$29,647$24,253$19,705$15,912$12,781$6,394
20 years$27,869$22,537$18,084$14,411$11,416$5,460
21 years$26,263$20,993$16,634$13,079$10,216$4,669
22 years$24,805$19,596$15,331$11,892$9,158$3,996
23 years$23,475$18,328$14,155$10,830$8,220$3,423
24 years$22,259$17,172$13,091$9,878$7,389$2,935
25 years$21,141$16,115$12,125$9,021$6,649$2,518
26 years$20,111$15,145$11,245$8,248$5,989$2,162
27 years$19,159$14,254$10,442$7,550$5,400$1,856
28 years$18,276$13,431$9,707$6,917$4,872$1,595
29 years$17,456$12,671$9,034$6,343$4,399$1,371
30 years$16,692$11,966$8,414$5,822$3,975$1,179
31 years$15,978$11,312$7,845$5,347$3,594$1,013
32 years$15,311$10,703$7,319$4,914$3,251$872
33 years$14,685$10,136$6,834$4,519$2,942$750
34 years$14,097$9,607$6,385$4,157$2,664$645
35 years$13,544$9,112$5,970$3,827$2,413$555
36 years$13,023$8,649$5,585$3,525$2,186$478
37 years$12,532$8,214$5,227$3,248$1,981$411
38 years$12,067$7,806$4,895$2,993$1,796$354
39 years$11,627$7,423$4,586$2,760$1,629$305
40 years$11,211$7,062$4,298$2,546$1,477$263
41 years$10,815$6,723$4,031$2,349$1,340$226
42 years$10,440$6,403$3,781$2,168$1,216$195
43 years$10,083$6,100$3,548$2,001$1,104$168
44 years$9,743$5,815$3,330$1,848$1,002$144
45 years$9,419$5,545$3,127$1,706$910$124
46 years$9,110$5,290$2,937$1,576$826$107
47 years$8,815$5,048$2,759$1,456$750$92
48 years$8,533$4,819$2,593$1,346$681$79
49 years$8,264$4,602$2,437$1,244$619$68
50 years$8,006$4,396$2,291$1,149$562$59

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 $3,378 every year, while hoping to spend $28,739 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: 50/37/13 Blend
44$8,200,000$8,200,000$8,200,000$8,200,000
45$9,039,884$8,605,284$8,478,184$9,459,776
46$9,931,375$8,996,365$8,731,626$10,139,331
47$10,912,833$9,405,646$8,992,594$10,874,102
48$11,993,408$9,833,988$9,261,311$11,671,927
49$13,183,176$10,282,293$9,538,005$12,538,741
50$14,493,243$10,751,509$9,822,911$13,481,061
51$15,935,846$11,242,626$10,116,272$14,506,047
52$17,524,470$11,756,682$10,418,335$15,621,566
53$19,273,974$12,294,768$10,729,357$16,836,262
54$21,200,731$12,858,022$11,049,601$18,159,636
55$23,322,782$13,447,642$11,379,339$19,602,128
56$25,660,009$14,064,879$11,718,850$21,175,217
57$28,234,319$14,711,048$12,068,422$22,891,523
58$31,069,855$15,387,525$12,428,349$24,764,921
59$34,193,217$16,095,751$12,798,936$26,810,671
60$37,633,722$16,837,239$13,180,496$29,045,552
61$41,423,670$17,613,572$13,573,352$31,488,024
62$45,598,660$18,426,413$13,977,834$34,158,388
63$50,197,916$19,277,500$14,394,285$37,078,979
64$55,264,665$20,168,659$14,823,055$40,274,370
65$60,846,539$21,101,801$15,264,505$43,771,598
66$66,996,027$22,078,931$15,719,008$47,600,412
67$73,770,973$23,102,149$16,186,945$51,793,550
68$81,235,115$24,173,657$16,668,711$56,387,040
69$89,458,694$25,295,764$17,164,710$61,420,535
70$98,519,113$26,470,888$17,675,359$66,937,680
71$108,501,666$27,701,566$18,201,088$72,986,513
72$119,500,349$28,990,455$18,742,337$79,619,917
73$131,618,740$30,340,343$19,299,561$86,896,107
74$144,970,981$31,754,150$19,873,226$94,879,171
75$159,682,856$33,234,938$20,463,814$103,639,669
76$175,892,974$34,785,916$21,071,819$113,255,288
77$193,754,082$36,410,451$21,697,749$123,811,566
78$213,434,504$38,112,068$22,342,129$135,402,688
79$235,119,730$39,894,467$23,005,497$148,132,367
80$259,014,169$41,761,522$23,688,408$162,114,813
81$285,343,076$43,717,298$24,391,431$177,475,793
82$314,354,679$45,766,055$25,115,153$194,353,816
83$346,322,524$47,912,260$25,860,179$212,901,419
84$381,548,055$50,160,594$26,627,128$233,286,599
85$420,363,459$52,515,966$27,416,640$255,694,383
86$463,134,807$54,983,523$28,229,372$280,328,560
87$510,265,501$57,568,660$29,066,000$307,413,592
88$562,200,092$60,277,033$29,927,220$337,196,713
89$619,428,466$63,114,573$30,813,748$369,950,252
90$682,490,480$66,087,497$31,726,319$405,974,180
91$751,981,050$69,202,325$32,665,690$445,598,928
92$828,555,768$72,465,890$33,632,642$489,188,486
93$912,937,096$75,885,359$34,627,976$537,143,819
94$1,005,921,182$79,468,243$35,652,515$589,906,631
95$1,108,385,376$83,222,421$36,707,108$647,963,514
96$1,221,296,515$87,156,150$37,792,627$711,850,519
97$1,345,720,049$91,278,091$38,909,969$782,158,190
98$1,482,830,100$95,597,323$40,060,059$859,537,115
99$1,633,920,543$100,123,365$41,243,844$944,704,045
100$1,800,417,228$104,866,200$42,462,302$1,038,448,627