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%11.8%
1 years$685,406$679,301$673,344$667,531$661,854$656,857
2 years$339,310$332,991$326,866$320,928$315,168$310,131
3 years$223,960$217,613$211,504$205,622$199,956$195,033
4 years$166,296$159,969$153,921$148,139$142,610$137,841
5 years$131,707$125,417$119,449$113,785$108,410$103,807
6 years$108,655$102,413$96,532$90,995$85,781$81,351
7 years$92,195$86,006$80,219$74,812$69,763$65,508
8 years$79,857$73,723$68,032$62,758$57,875$53,795
9 years$70,265$64,189$58,596$53,456$48,739$44,833
10 years$62,596$56,580$51,085$46,079$41,528$37,794
11 years$56,325$50,370$44,975$40,103$35,716$32,150
12 years$51,104$45,209$39,914$35,176$30,950$27,551
13 years$46,689$40,856$35,660$31,055$26,989$23,752
14 years$42,908$37,137$32,041$27,567$23,659$20,579
15 years$39,634$33,925$28,929$24,585$20,831$17,906
16 years$36,772$31,126$26,228$22,013$18,411$15,635
17 years$34,250$28,665$23,867$19,779$16,324$13,693
18 years$32,010$26,488$21,787$17,824$14,515$12,023
19 years$30,008$24,549$19,945$16,106$12,937$10,581
20 years$28,209$22,812$18,305$14,587$11,556$9,330
21 years$26,583$21,249$16,837$13,239$10,341$8,241
22 years$25,107$19,835$15,518$12,037$9,269$7,289
23 years$23,762$18,551$14,328$10,962$8,321$6,456
24 years$22,530$17,381$13,251$9,998$7,479$5,724
25 years$21,399$16,311$12,273$9,131$6,730$5,080
26 years$20,356$15,330$11,382$8,349$6,062$4,513
27 years$19,392$14,427$10,570$7,642$5,465$4,012
28 years$18,499$13,595$9,826$7,002$4,931$3,569
29 years$17,669$12,825$9,144$6,421$4,453$3,177
30 years$16,895$12,112$8,517$5,893$4,024$2,829
31 years$16,173$11,450$7,940$5,412$3,638$2,521
32 years$15,497$10,834$7,408$4,974$3,291$2,247
33 years$14,864$10,260$6,917$4,574$2,978$2,004
34 years$14,269$9,724$6,463$4,208$2,696$1,787
35 years$13,710$9,223$6,042$3,874$2,442$1,595
36 years$13,182$8,754$5,653$3,568$2,213$1,423
37 years$12,685$8,314$5,291$3,287$2,005$1,271
38 years$12,214$7,902$4,955$3,030$1,818$1,135
39 years$11,769$7,514$4,642$2,794$1,649$1,013
40 years$11,347$7,149$4,351$2,577$1,495$905
41 years$10,947$6,805$4,080$2,377$1,357$809
42 years$10,567$6,481$3,827$2,194$1,231$722
43 years$10,206$6,175$3,591$2,025$1,117$646
44 years$9,862$5,886$3,371$1,870$1,014$577
45 years$9,534$5,613$3,165$1,727$921$516
46 years$9,221$5,354$2,973$1,595$836$461
47 years$8,923$5,110$2,793$1,474$759$412
48 years$8,637$4,878$2,624$1,362$689$368
49 years$8,365$4,658$2,467$1,259$626$329
50 years$8,104$4,450$2,319$1,163$569$294

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 $2,164 every year, while hoping to spend $41,285 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: 45/27/28 Blend
44$8,300,000$8,300,000$8,300,000$8,300,000
45$9,148,832$8,708,932$8,580,282$9,486,346
46$10,038,086$9,091,743$8,823,795$10,109,380
47$11,016,660$9,491,928$9,074,081$10,780,522
48$12,093,622$9,910,294$9,331,325$11,507,621
49$13,278,961$10,347,689$9,595,714$12,295,923
50$14,583,686$10,804,997$9,867,442$13,151,196
51$16,019,927$11,283,146$10,146,706$14,079,775
52$17,601,049$11,783,109$10,433,710$15,088,622
53$19,341,778$12,305,904$10,728,661$16,185,388
54$21,258,342$12,852,596$11,031,774$17,378,485
55$23,368,623$13,424,303$11,343,269$18,677,159
56$25,692,323$14,022,195$11,663,369$20,091,578
57$28,251,154$14,647,496$11,992,305$21,632,924
58$31,069,039$15,301,491$12,330,315$23,313,490
59$34,172,340$15,985,523$12,677,640$25,146,803
60$37,590,108$16,701,003$13,034,530$27,147,738
61$41,354,352$17,449,405$13,401,240$29,332,661
62$45,500,346$18,232,276$13,778,031$31,719,579
63$50,066,958$19,051,234$14,165,172$34,328,302
64$55,097,020$19,907,977$14,562,938$37,180,631
65$60,637,731$20,804,282$14,971,611$40,300,557
66$66,741,099$21,742,012$15,391,480$43,714,484
67$73,464,439$22,723,118$15,822,841$47,451,470
68$80,870,904$23,749,644$16,266,000$51,543,502
69$89,030,092$24,823,732$16,721,266$56,025,790
70$98,018,694$25,947,627$17,188,961$60,937,093
71$107,921,219$27,123,680$17,669,410$66,320,081
72$118,830,798$28,354,355$18,162,950$72,221,731
73$130,850,055$29,642,233$18,669,924$78,693,767
74$144,092,079$30,990,021$19,190,685$85,793,138
75$158,681,493$32,400,554$19,725,594$93,582,551
76$174,755,625$33,876,801$20,275,021$102,131,057
77$192,465,810$35,421,875$20,839,346$111,514,694
78$211,978,815$37,039,040$21,418,957$121,817,198
79$233,478,413$38,731,712$22,014,251$133,130,787
80$257,167,120$40,503,475$22,625,637$145,557,020
81$283,268,104$42,358,082$23,253,533$159,207,750
82$312,027,290$44,299,468$23,898,366$174,206,172
83$343,715,688$46,331,756$24,560,576$190,687,973
84$378,631,943$48,459,267$25,240,610$208,802,606
85$417,105,159$50,686,529$25,938,928$228,714,689
86$459,498,006$53,018,289$26,656,003$250,605,550
87$506,210,138$55,459,521$27,392,315$274,674,929
88$557,681,973$58,015,439$28,148,358$301,142,846
89$614,398,845$60,691,506$28,924,639$330,251,675
90$676,895,588$63,493,450$29,721,674$362,268,409
91$745,761,581$66,427,273$30,539,994$397,487,179
92$821,646,320$69,499,266$31,380,141$436,232,006
93$905,265,539$72,716,025$32,242,671$478,859,853
94$997,407,974$76,084,460$33,128,150$525,763,976
95$1,098,942,806$79,611,817$34,037,162$577,377,622
96$1,210,827,867$83,305,691$34,970,301$634,178,104
97$1,334,118,679$87,174,040$35,928,177$696,691,288
98$1,469,978,426$91,225,209$36,911,411$765,496,538
99$1,619,688,925$95,467,944$37,920,643$841,232,172
100$1,784,662,735$99,911,413$38,956,525$924,601,462