Can I retire at age 45 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$685,406$679,301$673,344$667,531$661,854$647,168
2 years$339,310$332,991$326,866$320,928$315,168$300,450
3 years$223,960$217,613$211,504$205,622$199,956$185,663
4 years$166,296$159,969$153,921$148,139$142,610$128,853
5 years$131,707$125,417$119,449$113,785$108,410$95,228
6 years$108,655$102,413$96,532$90,995$85,781$73,188
7 years$92,195$86,006$80,219$74,812$69,763$57,761
8 years$79,857$73,723$68,032$62,758$57,875$46,459
9 years$70,265$64,189$58,596$53,456$48,739$37,902
10 years$62,596$56,580$51,085$46,079$41,528$31,257
11 years$56,325$50,370$44,975$40,103$35,716$25,998
12 years$51,104$45,209$39,914$35,176$30,950$21,771
13 years$46,689$40,856$35,660$31,055$26,989$18,331
14 years$42,908$37,137$32,041$27,567$23,659$15,504
15 years$39,634$33,925$28,929$24,585$20,831$13,162
16 years$36,772$31,126$26,228$22,013$18,411$11,208
17 years$34,250$28,665$23,867$19,779$16,324$9,569
18 years$32,010$26,488$21,787$17,824$14,515$8,187
19 years$30,008$24,549$19,945$16,106$12,937$7,017
20 years$28,209$22,812$18,305$14,587$11,556$6,024
21 years$26,583$21,249$16,837$13,239$10,341$5,179
22 years$25,107$19,835$15,518$12,037$9,269$4,457
23 years$23,762$18,551$14,328$10,962$8,321$3,839
24 years$22,530$17,381$13,251$9,998$7,479$3,310
25 years$21,399$16,311$12,273$9,131$6,730$2,855
26 years$20,356$15,330$11,382$8,349$6,062$2,465
27 years$19,392$14,427$10,570$7,642$5,465$2,129
28 years$18,499$13,595$9,826$7,002$4,931$1,840
29 years$17,669$12,825$9,144$6,421$4,453$1,590
30 years$16,895$12,112$8,517$5,893$4,024$1,375
31 years$16,173$11,450$7,940$5,412$3,638$1,189
32 years$15,497$10,834$7,408$4,974$3,291$1,029
33 years$14,864$10,260$6,917$4,574$2,978$890
34 years$14,269$9,724$6,463$4,208$2,696$771
35 years$13,710$9,223$6,042$3,874$2,442$667
36 years$13,182$8,754$5,653$3,568$2,213$578
37 years$12,685$8,314$5,291$3,287$2,005$500
38 years$12,214$7,902$4,955$3,030$1,818$433
39 years$11,769$7,514$4,642$2,794$1,649$375
40 years$11,347$7,149$4,351$2,577$1,495$325
41 years$10,947$6,805$4,080$2,377$1,357$281
42 years$10,567$6,481$3,827$2,194$1,231$244
43 years$10,206$6,175$3,591$2,025$1,117$211
44 years$9,862$5,886$3,371$1,870$1,014$183
45 years$9,534$5,613$3,165$1,727$921$158
46 years$9,221$5,354$2,973$1,595$836$137
47 years$8,923$5,110$2,793$1,474$759$119
48 years$8,637$4,878$2,624$1,362$689$103
49 years$8,365$4,658$2,467$1,259$626$89
50 years$8,104$4,450$2,319$1,163$569$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,300,000, adding $6,664 every year, while hoping to spend $36,150 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: 41/38/21 Blend
44$8,300,000$8,300,000$8,300,000$8,300,000
45$9,153,474$8,713,574$8,584,924$9,471,893
46$10,048,665$9,102,076$8,834,056$10,088,352
47$11,033,954$9,508,403$9,090,321$10,751,195
48$12,118,492$9,933,390$9,353,923$11,467,915
49$13,312,365$10,377,912$9,625,065$12,243,460
50$14,626,683$10,842,886$9,903,961$13,083,263
51$16,073,689$11,329,272$10,190,829$13,993,286
52$17,666,875$11,838,077$10,485,892$14,980,073
53$19,421,107$12,370,353$10,789,380$16,050,812
54$21,352,765$12,927,206$11,101,529$17,213,396
55$23,479,900$13,509,791$11,422,583$18,476,493
56$25,822,401$14,119,322$11,752,790$19,849,627
57$28,402,184$14,757,067$12,092,407$21,343,263
58$31,243,401$15,424,358$12,441,697$22,968,900
59$34,372,665$16,122,588$12,800,931$24,739,177
60$37,819,300$16,853,218$13,170,385$26,667,987
61$41,615,621$17,617,779$13,550,346$28,770,601
62$45,797,238$18,417,873$13,941,106$31,063,812
63$50,403,390$19,255,183$14,342,967$33,566,084
64$55,477,317$20,131,468$14,756,237$36,297,722
65$61,066,667$21,048,573$15,181,235$39,281,061
66$67,223,946$22,008,432$15,618,285$42,540,665
67$74,007,015$23,013,072$16,067,724$46,103,557
68$81,479,633$24,064,615$16,529,896$49,999,465
69$89,712,061$25,165,287$17,005,153$54,261,100
70$98,781,724$26,317,419$17,493,858$58,924,451
71$108,773,943$27,523,455$17,996,385$64,029,123
72$119,782,737$28,785,956$18,513,116$69,618,701
73$131,911,714$30,107,606$19,044,443$75,741,151
74$145,275,048$31,491,217$19,590,771$82,449,269
75$159,998,554$32,939,738$20,152,513$89,801,165
76$176,220,880$34,456,259$20,730,095$97,860,809
77$194,094,811$36,044,016$21,323,955$106,698,616
78$213,788,714$37,706,406$21,934,540$116,392,108
79$235,488,126$39,446,983$22,562,310$127,026,635
80$259,397,507$41,269,477$23,207,740$138,696,162
81$285,742,167$43,177,796$23,871,313$151,504,154
82$314,770,394$45,176,034$24,553,529$165,564,532
83$346,755,801$47,268,486$25,254,898$181,002,743
84$381,999,902$49,459,652$25,975,947$197,956,925
85$420,834,964$51,754,247$26,717,213$216,579,201
86$463,627,141$54,157,216$27,479,251$237,037,097
87$510,779,931$56,673,741$28,262,627$259,515,111
88$562,737,985$59,309,255$29,067,926$284,216,436
89$619,991,303$62,069,452$29,895,745$311,364,867
90$683,079,861$64,960,301$30,746,698$341,206,886
91$752,598,711$67,988,059$31,621,416$374,013,982
92$829,203,591$71,159,285$32,520,545$410,085,186
93$913,617,122$74,480,855$33,444,748$449,749,877
94$1,006,635,629$77,959,978$34,394,708$493,370,872
95$1,109,136,655$81,604,209$35,371,122$541,347,828
96$1,222,087,248$85,421,469$36,374,709$594,120,988
97$1,346,553,089$89,420,062$37,406,203$652,175,319
98$1,483,708,553$93,608,694$38,466,360$716,045,062
99$1,634,847,796$97,996,491$39,555,954$786,318,749
100$1,801,396,973$102,593,021$40,675,780$863,644,731