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

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$685,406$679,301$673,344$667,531$661,854$651,963
2 years$339,310$332,991$326,866$320,928$315,168$305,226
3 years$223,960$217,613$211,504$205,622$199,956$190,271
4 years$166,296$159,969$153,921$148,139$142,610$133,258
5 years$131,707$125,417$119,449$113,785$108,410$99,417
6 years$108,655$102,413$96,532$90,995$85,781$77,158
7 years$92,195$86,006$80,219$74,812$69,763$61,512
8 years$79,857$73,723$68,032$62,758$57,875$49,996
9 years$70,265$64,189$58,596$53,456$48,739$41,227
10 years$62,596$56,580$51,085$46,079$41,528$34,378
11 years$56,325$50,370$44,975$40,103$35,716$28,920
12 years$51,104$45,209$39,914$35,176$30,950$24,501
13 years$46,689$40,856$35,660$31,055$26,989$20,877
14 years$42,908$37,137$32,041$27,567$23,659$17,874
15 years$39,634$33,925$28,929$24,585$20,831$15,363
16 years$36,772$31,126$26,228$22,013$18,411$13,249
17 years$34,250$28,665$23,867$19,779$16,324$11,458
18 years$32,010$26,488$21,787$17,824$14,515$9,933
19 years$30,008$24,549$19,945$16,106$12,937$8,628
20 years$28,209$22,812$18,305$14,587$11,556$7,507
21 years$26,583$21,249$16,837$13,239$10,341$6,542
22 years$25,107$19,835$15,518$12,037$9,269$5,709
23 years$23,762$18,551$14,328$10,962$8,321$4,987
24 years$22,530$17,381$13,251$9,998$7,479$4,360
25 years$21,399$16,311$12,273$9,131$6,730$3,816
26 years$20,356$15,330$11,382$8,349$6,062$3,342
27 years$19,392$14,427$10,570$7,642$5,465$2,929
28 years$18,499$13,595$9,826$7,002$4,931$2,568
29 years$17,669$12,825$9,144$6,421$4,453$2,253
30 years$16,895$12,112$8,517$5,893$4,024$1,977
31 years$16,173$11,450$7,940$5,412$3,638$1,736
32 years$15,497$10,834$7,408$4,974$3,291$1,524
33 years$14,864$10,260$6,917$4,574$2,978$1,339
34 years$14,269$9,724$6,463$4,208$2,696$1,177
35 years$13,710$9,223$6,042$3,874$2,442$1,034
36 years$13,182$8,754$5,653$3,568$2,213$909
37 years$12,685$8,314$5,291$3,287$2,005$799
38 years$12,214$7,902$4,955$3,030$1,818$703
39 years$11,769$7,514$4,642$2,794$1,649$618
40 years$11,347$7,149$4,351$2,577$1,495$544
41 years$10,947$6,805$4,080$2,377$1,357$478
42 years$10,567$6,481$3,827$2,194$1,231$421
43 years$10,206$6,175$3,591$2,025$1,117$370
44 years$9,862$5,886$3,371$1,870$1,014$326
45 years$9,534$5,613$3,165$1,727$921$287
46 years$9,221$5,354$2,973$1,595$836$252
47 years$8,923$5,110$2,793$1,474$759$222
48 years$8,637$4,878$2,624$1,362$689$195
49 years$8,365$4,658$2,467$1,259$626$172
50 years$8,104$4,450$2,319$1,163$569$151

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 $4,330 every year, while hoping to spend $55,520 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: 57/30/13 Blend
44$8,300,000$8,300,000$8,300,000$8,300,000
45$9,151,066$8,711,166$8,582,516$9,642,314
46$10,025,402$9,078,941$8,810,958$10,342,855
47$10,987,060$9,462,875$9,045,191$11,099,349
48$12,044,887$9,863,703$9,285,352$11,922,368
49$13,208,632$10,282,191$9,531,579$12,818,296
50$14,489,038$10,719,144$9,784,011$13,794,152
51$15,897,938$11,175,400$10,042,794$14,857,654
52$17,448,373$11,651,840$10,308,073$16,017,289
53$19,154,711$12,149,384$10,579,997$17,282,392
54$21,032,783$12,668,996$10,858,719$18,663,233
55$23,100,034$13,211,684$11,144,393$20,171,106
56$25,375,685$13,778,504$11,437,178$21,818,438
57$27,880,915$14,370,560$11,737,233$23,618,903
58$30,639,061$14,989,010$12,044,723$25,587,546
59$33,675,837$15,635,064$12,359,814$27,740,923
60$37,019,581$16,309,991$12,682,676$30,097,254
61$40,701,513$17,015,115$13,013,481$32,676,593
62$44,756,040$17,751,828$13,352,405$35,501,012
63$49,221,072$18,521,584$13,699,626$38,594,806
64$54,138,385$19,325,905$14,055,327$41,984,720
65$59,554,011$20,166,386$14,419,692$45,700,196
66$65,518,678$21,044,695$14,792,908$49,773,648
67$72,088,280$21,962,582$15,175,168$54,240,763
68$79,324,412$22,921,877$15,566,664$59,140,832
69$87,294,948$23,924,495$15,967,593$64,517,120
70$96,074,682$24,972,444$16,378,156$70,417,265
71$105,746,031$26,067,826$16,798,557$76,893,729
72$116,399,818$27,212,841$17,229,000$84,004,279
73$128,136,123$28,409,794$17,669,695$91,812,534
74$141,065,232$29,661,098$18,120,854$100,388,557
75$155,308,676$30,969,282$18,582,693$109,809,512
76$171,000,378$32,336,994$19,055,430$120,160,384
77$188,287,914$33,767,004$19,539,285$131,534,774
78$207,333,913$35,262,219$20,034,482$144,035,779
79$228,317,583$36,825,678$20,541,248$157,776,957
80$251,436,409$38,460,569$21,059,813$172,883,388
81$276,908,014$40,170,229$21,590,408$189,492,852
82$304,972,213$41,958,152$22,133,268$207,757,119
83$335,893,278$43,828,000$22,688,631$227,843,372
84$369,962,429$45,783,608$23,256,737$249,935,779
85$407,500,586$47,828,995$23,837,827$274,237,219
86$448,861,398$49,968,368$24,432,147$300,971,192
87$494,434,579$52,206,136$25,039,942$330,383,913
88$544,649,588$54,546,919$25,661,462$362,746,629
89$599,979,683$56,995,554$26,296,958$398,358,171
90$660,946,386$59,557,112$26,946,681$437,547,757
91$728,124,409$62,236,902$27,610,887$480,678,092
92$802,147,077$65,040,489$28,289,830$528,148,779
93$883,712,308$67,973,702$28,983,769$580,400,078
94$973,589,199$71,042,649$29,692,960$637,917,046
95$1,072,625,287$74,253,728$30,417,664$701,234,105
96$1,181,754,551$77,613,646$31,158,140$770,940,070
97$1,302,006,226$81,129,425$31,914,649$847,683,691
98$1,434,514,523$84,808,429$32,687,451$932,179,763
99$1,580,529,331$88,658,369$33,476,808$1,025,215,855
100$1,741,428,021$92,687,327$34,282,979$1,127,659,728