Can I retire at age 45 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$693,664$687,485$681,457$675,573$669,828$646,576
2 years$343,398$337,003$330,804$324,795$318,966$295,781
3 years$226,658$220,235$214,052$208,099$202,365$179,975
4 years$168,299$161,896$155,775$149,924$144,328$122,904
5 years$133,293$126,928$120,888$115,156$109,716$89,314
6 years$109,964$103,647$97,695$92,091$86,815$67,451
7 years$93,306$87,042$81,185$75,713$70,604$52,275
8 years$80,819$74,611$68,852$63,514$58,572$41,264
9 years$71,111$64,963$59,302$54,100$49,326$33,016
10 years$63,350$57,261$51,701$46,634$42,029$26,689
11 years$57,004$50,976$45,517$40,586$36,146$21,746
12 years$51,719$45,754$40,395$35,599$31,323$17,830
13 years$47,251$41,348$36,090$31,429$27,315$14,692
14 years$43,425$37,584$32,427$27,899$23,944$12,155
15 years$40,111$34,334$29,277$24,881$21,082$10,089
16 years$37,215$31,501$26,544$22,278$18,632$8,396
17 years$34,662$29,011$24,154$20,017$16,521$7,003
18 years$32,396$26,807$22,050$18,039$14,689$5,851
19 years$30,370$24,845$20,185$16,300$13,093$4,896
20 years$28,549$23,087$18,525$14,763$11,695$4,102
21 years$26,904$21,505$17,040$13,398$10,466$3,440
22 years$25,410$20,074$15,705$12,182$9,381$2,888
23 years$24,048$18,775$14,500$11,094$8,421$2,426
24 years$22,802$17,591$13,410$10,119$7,569$2,039
25 years$21,656$16,508$12,421$9,241$6,811$1,715
26 years$20,601$15,515$11,520$8,449$6,135$1,442
27 years$19,626$14,601$10,697$7,734$5,531$1,214
28 years$18,722$13,759$9,944$7,086$4,991$1,022
29 years$17,882$12,980$9,254$6,498$4,507$861
30 years$17,099$12,258$8,620$5,964$4,072$725
31 years$16,368$11,588$8,036$5,477$3,682$611
32 years$15,684$10,964$7,498$5,034$3,330$514
33 years$15,043$10,383$7,001$4,629$3,014$433
34 years$14,441$9,841$6,541$4,259$2,729$365
35 years$13,875$9,334$6,115$3,921$2,471$308
36 years$13,341$8,860$5,721$3,611$2,239$259
37 years$12,837$8,415$5,354$3,327$2,030$219
38 years$12,361$7,997$5,014$3,066$1,840$184
39 years$11,911$7,604$4,698$2,827$1,669$155
40 years$11,484$7,235$4,403$2,608$1,513$131
41 years$11,079$6,887$4,129$2,406$1,373$110
42 years$10,694$6,559$3,873$2,221$1,246$93
43 years$10,329$6,249$3,634$2,050$1,131$78
44 years$9,980$5,957$3,411$1,893$1,026$66
45 years$9,649$5,680$3,203$1,748$932$56
46 years$9,332$5,419$3,009$1,615$846$47
47 years$9,030$5,171$2,826$1,492$768$40
48 years$8,741$4,937$2,656$1,378$698$33
49 years$8,465$4,714$2,497$1,274$634$28
50 years$8,201$4,503$2,347$1,177$575$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,400,000, adding $4,211 every year, while hoping to spend $40,551 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: 65/17/18 Blend
44$8,400,000$8,400,000$8,400,000$8,400,000
45$9,261,144$8,815,944$8,685,744$9,821,363
46$10,162,634$9,204,779$8,933,570$10,586,375
47$11,154,718$9,611,308$9,188,340$11,417,006
48$12,246,592$10,036,355$9,450,242$12,323,749
49$13,448,392$10,480,784$9,719,472$13,314,054
50$14,771,283$10,945,497$9,996,230$14,396,119
51$16,227,571$11,431,443$10,280,720$15,578,964
52$17,830,812$11,939,614$10,573,154$16,872,518
53$19,595,948$12,471,048$10,873,747$18,287,707
54$21,539,439$13,026,833$11,182,722$19,836,557
55$23,679,424$13,608,110$11,500,305$21,532,308
56$26,035,890$14,216,073$11,826,731$23,389,533
57$28,630,863$14,851,972$12,162,239$25,424,276
58$31,488,612$15,517,120$12,507,074$27,654,201
59$34,635,879$16,212,887$12,861,490$30,098,755
60$38,102,133$16,940,713$13,225,744$32,779,353
61$41,919,847$17,702,105$13,600,103$35,719,572
62$46,124,804$18,498,640$13,984,839$38,945,375
63$50,756,434$19,331,974$14,380,231$42,485,355
64$55,858,188$20,203,838$14,786,566$46,370,997
65$61,477,945$21,116,048$15,204,139$50,636,976
66$67,668,468$22,070,507$15,633,249$55,321,481
67$74,487,896$23,069,206$16,074,208$60,466,572
68$82,000,300$24,114,236$16,527,333$66,118,572
69$90,276,280$25,207,783$16,992,948$72,328,504
70$99,393,636$26,352,140$17,471,387$79,152,567
71$109,438,102$27,549,710$17,962,994$86,652,665
72$120,504,152$28,803,009$18,468,118$94,896,984
73$132,695,896$30,114,676$18,987,119$103,960,634
74$146,128,057$31,487,475$19,520,367$113,926,356
75$160,927,059$32,924,302$20,068,241$124,885,293
76$177,232,220$34,428,193$20,631,127$136,937,851
77$195,197,060$36,002,329$21,209,424$150,194,641
78$214,990,759$37,650,042$21,803,539$164,777,514
79$236,799,750$39,374,827$22,413,890$180,820,714
80$260,829,475$41,180,344$23,040,906$198,472,133
81$287,306,330$43,070,430$23,685,025$217,894,704
82$316,479,801$45,049,107$24,346,699$239,267,934
83$348,624,815$47,120,587$25,026,388$262,789,592
84$384,044,339$49,289,288$25,724,564$288,677,569
85$423,072,238$51,559,840$26,441,713$317,171,927
86$466,076,426$53,937,092$27,178,331$348,537,164
87$513,462,343$56,426,131$27,934,927$383,064,695
88$565,676,776$59,032,286$28,712,021$421,075,602
89$623,212,082$61,761,142$29,510,148$462,923,657
90$686,610,831$64,618,555$30,329,854$508,998,650
91$756,470,933$67,610,661$31,171,702$559,730,061
92$833,451,278$70,743,893$32,036,263$615,591,108
93$918,277,957$74,024,993$32,924,127$677,103,204
94$1,011,751,120$77,461,029$33,835,897$744,840,866
95$1,114,752,522$81,059,407$34,772,188$819,437,133
96$1,228,253,856$84,827,895$35,733,632$901,589,531
97$1,353,325,918$88,774,630$36,720,877$992,066,644
98$1,491,148,720$92,908,146$37,734,585$1,091,715,361
99$1,643,022,630$97,237,385$38,775,435$1,201,468,855
100$1,810,380,647$101,771,726$39,844,120$1,322,355,386