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%12.3%
1 years$693,664$687,485$681,457$675,573$669,828$663,385
2 years$343,398$337,003$330,804$324,795$318,966$312,475
3 years$226,658$220,235$214,052$208,099$202,365$196,028
4 years$168,299$161,896$155,775$149,924$144,328$138,194
5 years$133,293$126,928$120,888$115,156$109,716$103,803
6 years$109,964$103,647$97,695$92,091$86,815$81,129
7 years$93,306$87,042$81,185$75,713$70,604$65,149
8 years$80,819$74,611$68,852$63,514$58,572$53,348
9 years$71,111$64,963$59,302$54,100$49,326$44,330
10 years$63,350$57,261$51,701$46,634$42,029$37,258
11 years$57,004$50,976$45,517$40,586$36,146$31,597
12 years$51,719$45,754$40,395$35,599$31,323$26,991
13 years$47,251$41,348$36,090$31,429$27,315$23,195
14 years$43,425$37,584$32,427$27,899$23,944$20,031
15 years$40,111$34,334$29,277$24,881$21,082$17,370
16 years$37,215$31,501$26,544$22,278$18,632$15,115
17 years$34,662$29,011$24,154$20,017$16,521$13,192
18 years$32,396$26,807$22,050$18,039$14,689$11,542
19 years$30,370$24,845$20,185$16,300$13,093$10,121
20 years$28,549$23,087$18,525$14,763$11,695$8,892
21 years$26,904$21,505$17,040$13,398$10,466$7,825
22 years$25,410$20,074$15,705$12,182$9,381$6,895
23 years$24,048$18,775$14,500$11,094$8,421$6,084
24 years$22,802$17,591$13,410$10,119$7,569$5,373
25 years$21,656$16,508$12,421$9,241$6,811$4,751
26 years$20,601$15,515$11,520$8,449$6,135$4,204
27 years$19,626$14,601$10,697$7,734$5,531$3,722
28 years$18,722$13,759$9,944$7,086$4,991$3,298
29 years$17,882$12,980$9,254$6,498$4,507$2,924
30 years$17,099$12,258$8,620$5,964$4,072$2,593
31 years$16,368$11,588$8,036$5,477$3,682$2,301
32 years$15,684$10,964$7,498$5,034$3,330$2,043
33 years$15,043$10,383$7,001$4,629$3,014$1,814
34 years$14,441$9,841$6,541$4,259$2,729$1,612
35 years$13,875$9,334$6,115$3,921$2,471$1,432
36 years$13,341$8,860$5,721$3,611$2,239$1,273
37 years$12,837$8,415$5,354$3,327$2,030$1,131
38 years$12,361$7,997$5,014$3,066$1,840$1,006
39 years$11,911$7,604$4,698$2,827$1,669$895
40 years$11,484$7,235$4,403$2,608$1,513$796
41 years$11,079$6,887$4,129$2,406$1,373$708
42 years$10,694$6,559$3,873$2,221$1,246$630
43 years$10,329$6,249$3,634$2,050$1,131$560
44 years$9,980$5,957$3,411$1,893$1,026$498
45 years$9,649$5,680$3,203$1,748$932$444
46 years$9,332$5,419$3,009$1,615$846$395
47 years$9,030$5,171$2,826$1,492$768$351
48 years$8,741$4,937$2,656$1,378$698$313
49 years$8,465$4,714$2,497$1,274$634$278
50 years$8,201$4,503$2,347$1,177$575$248

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 $6,503 every year, while hoping to spend $42,478 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: 64/30/6 Blend
44$8,400,000$8,400,000$8,400,000$8,400,000
45$9,263,508$8,818,308$8,688,108$9,846,688
46$10,163,189$9,205,209$8,933,963$10,622,474
47$11,153,215$9,609,644$9,186,631$11,463,780
48$12,242,754$10,032,428$9,446,295$12,381,482
49$13,441,912$10,474,414$9,713,142$13,382,989
50$14,761,821$10,936,494$9,987,367$14,476,444
51$16,214,749$11,419,605$10,269,166$15,670,806
52$17,814,214$11,924,726$10,558,743$16,975,931
53$19,575,109$12,452,882$10,856,306$18,402,659
54$21,513,846$13,005,150$11,162,069$19,962,915
55$23,648,510$13,582,654$11,476,250$21,669,823
56$25,999,028$14,186,574$11,799,074$23,537,823
57$28,587,357$14,818,144$12,130,771$25,582,802
58$31,437,693$15,478,659$12,471,578$27,822,249
59$34,576,698$16,169,473$12,821,736$30,275,408
60$38,033,751$16,892,007$13,181,493$32,963,463
61$41,841,225$17,647,747$13,551,105$35,909,730
62$46,034,795$18,438,251$13,930,832$39,139,875
63$50,653,770$19,265,152$14,320,941$42,682,154
64$55,741,469$20,130,159$14,721,707$46,567,673
65$61,345,625$21,035,063$15,133,410$50,830,679
66$67,518,838$21,981,741$15,556,339$55,508,879
67$74,319,072$22,972,158$15,990,789$60,643,790
68$81,810,200$24,008,376$16,437,062$66,281,127
69$90,062,605$25,092,552$16,895,469$72,471,231
70$99,153,851$26,226,946$17,366,327$79,269,534
71$109,169,406$27,413,930$17,849,962$86,737,085
72$120,203,457$28,655,984$18,346,707$94,941,112
73$132,359,793$29,955,710$18,856,905$103,955,654
74$145,752,786$31,315,833$19,380,905$113,862,258
75$160,508,471$32,739,210$19,919,066$124,750,734
76$176,765,736$34,228,833$20,471,756$136,720,001
77$194,677,633$35,787,837$21,039,351$149,879,015
78$214,412,819$37,419,509$21,622,238$164,347,785
79$236,157,154$39,127,292$22,220,810$180,258,501
80$260,115,449$40,914,794$22,835,472$197,756,774
81$286,513,403$42,785,798$23,466,639$217,003,002
82$315,599,733$44,744,265$24,114,735$238,173,872
83$347,648,521$46,794,349$24,780,193$261,464,025
84$382,961,800$48,940,402$25,463,460$287,087,874
85$421,872,407$51,186,986$26,164,989$315,281,628
86$464,747,124$53,538,879$26,885,247$346,305,504
87$511,990,140$56,001,093$27,624,712$380,446,174
88$564,046,865$58,578,878$28,383,871$418,019,462
89$621,408,139$61,277,737$29,163,225$459,373,310
90$684,614,861$64,103,438$29,963,285$504,891,049
91$754,263,096$67,062,025$30,784,573$554,995,008
92$831,009,702$70,159,835$31,627,627$610,150,485
93$915,578,533$73,403,508$32,492,994$670,870,122
94$1,008,767,269$76,800,006$33,381,235$737,718,732
95$1,111,454,948$80,356,623$34,292,923$811,318,617
96$1,224,610,262$84,081,007$35,228,646$892,355,418
97$1,349,300,705$87,981,173$36,189,003$981,584,578
98$1,486,702,651$92,065,524$37,174,607$1,079,838,453
99$1,638,112,453$96,342,866$38,186,088$1,188,034,145
100$1,804,958,687$100,822,431$39,224,087$1,307,182,147