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%15.2%
1 years$693,664$687,485$681,457$675,573$669,828$655,500
2 years$343,398$337,003$330,804$324,795$318,966$304,600
3 years$226,658$220,235$214,052$208,099$202,365$188,411
4 years$168,299$161,896$155,775$149,924$144,328$130,892
5 years$133,293$126,928$120,888$115,156$109,716$96,837
6 years$109,964$103,647$97,695$92,091$86,815$74,505
7 years$93,306$87,042$81,185$75,713$70,604$58,867
8 years$80,819$74,611$68,852$63,514$58,572$47,404
9 years$71,111$64,963$59,302$54,100$49,326$38,719
10 years$63,350$57,261$51,701$46,634$42,029$31,971
11 years$57,004$50,976$45,517$40,586$36,146$26,625
12 years$51,719$45,754$40,395$35,599$31,323$22,325
13 years$47,251$41,348$36,090$31,429$27,315$18,823
14 years$43,425$37,584$32,427$27,899$23,944$15,942
15 years$40,111$34,334$29,277$24,881$21,082$13,552
16 years$37,215$31,501$26,544$22,278$18,632$11,557
17 years$34,662$29,011$24,154$20,017$16,521$9,881
18 years$32,396$26,807$22,050$18,039$14,689$8,466
19 years$30,370$24,845$20,185$16,300$13,093$7,268
20 years$28,549$23,087$18,525$14,763$11,695$6,249
21 years$26,904$21,505$17,040$13,398$10,466$5,380
22 years$25,410$20,074$15,705$12,182$9,381$4,637
23 years$24,048$18,775$14,500$11,094$8,421$4,000
24 years$22,802$17,591$13,410$10,119$7,569$3,454
25 years$21,656$16,508$12,421$9,241$6,811$2,985
26 years$20,601$15,515$11,520$8,449$6,135$2,581
27 years$19,626$14,601$10,697$7,734$5,531$2,233
28 years$18,722$13,759$9,944$7,086$4,991$1,932
29 years$17,882$12,980$9,254$6,498$4,507$1,673
30 years$17,099$12,258$8,620$5,964$4,072$1,449
31 years$16,368$11,588$8,036$5,477$3,682$1,256
32 years$15,684$10,964$7,498$5,034$3,330$1,088
33 years$15,043$10,383$7,001$4,629$3,014$943
34 years$14,441$9,841$6,541$4,259$2,729$818
35 years$13,875$9,334$6,115$3,921$2,471$709
36 years$13,341$8,860$5,721$3,611$2,239$615
37 years$12,837$8,415$5,354$3,327$2,030$533
38 years$12,361$7,997$5,014$3,066$1,840$463
39 years$11,911$7,604$4,698$2,827$1,669$401
40 years$11,484$7,235$4,403$2,608$1,513$348
41 years$11,079$6,887$4,129$2,406$1,373$302
42 years$10,694$6,559$3,873$2,221$1,246$262
43 years$10,329$6,249$3,634$2,050$1,131$227
44 years$9,980$5,957$3,411$1,893$1,026$197
45 years$9,649$5,680$3,203$1,748$932$171
46 years$9,332$5,419$3,009$1,615$846$149
47 years$9,030$5,171$2,826$1,492$768$129
48 years$8,741$4,937$2,656$1,378$698$112
49 years$8,465$4,714$2,497$1,274$634$97
50 years$8,201$4,503$2,347$1,177$575$84

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 $6,777 every year, while hoping to spend $55,271 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: 59/16/25 Blend
44$8,400,000$8,400,000$8,400,000$8,400,000
45$9,263,790$8,818,590$8,688,390$9,747,572
46$10,149,889$9,191,893$8,920,644$10,451,386
47$11,124,518$9,581,636$9,158,825$11,212,166
48$12,196,647$9,988,565$9,403,074$12,040,796
49$13,376,163$10,413,462$9,653,535$12,943,872
50$14,673,956$10,857,147$9,910,353$13,928,650
51$16,102,028$11,320,475$10,173,678$15,003,115
52$17,673,599$11,804,342$10,443,660$16,176,054
53$19,403,239$12,309,688$10,720,456$17,457,136
54$21,307,001$12,837,495$11,004,223$18,857,005
55$23,402,573$13,388,789$11,295,122$20,387,375
56$25,709,443$13,964,648$11,593,317$22,061,142
57$28,249,089$14,566,199$11,898,976$23,892,501
58$31,045,173$15,194,619$12,212,268$25,897,079
59$34,123,770$15,851,145$12,533,369$28,092,082
60$37,513,612$16,537,068$12,862,453$30,496,453
61$41,246,357$17,253,742$13,199,703$33,131,052
62$45,356,893$18,002,582$13,545,300$36,018,844
63$49,883,661$18,785,074$13,899,433$39,185,123
64$54,869,021$19,602,769$14,262,290$42,657,739
65$60,359,650$20,457,293$14,634,066$46,467,365
66$66,406,984$21,350,350$15,014,956$50,647,779
67$73,067,701$22,283,722$15,405,162$55,236,184
68$80,404,259$23,259,277$15,804,887$60,273,554
69$88,485,480$24,278,968$16,214,338$65,805,019
70$97,387,206$25,344,845$16,633,725$71,880,288
71$107,193,008$26,459,049$17,063,262$78,554,112
72$117,994,979$27,623,827$17,503,166$85,886,802
73$129,894,603$28,841,531$17,953,658$93,944,791
74$143,003,709$30,114,622$18,414,962$102,801,261
75$157,445,528$31,445,680$18,887,304$112,536,827
76$173,355,860$32,837,406$19,370,917$123,240,295
77$190,884,349$34,292,630$19,866,034$135,009,498
78$210,195,898$35,814,314$20,372,892$147,952,210
79$231,472,228$37,405,564$20,891,732$162,187,167
80$254,913,589$39,069,630$21,422,798$177,845,175
81$280,740,651$40,809,918$21,966,338$195,070,348
82$309,196,588$42,629,995$22,522,601$214,021,454
83$340,549,374$44,533,598$23,091,842$234,873,419
84$375,094,307$46,524,642$23,674,316$257,818,963
85$413,156,804$48,607,227$24,270,283$283,070,421
86$455,095,466$50,785,649$24,880,006$310,861,739
87$501,305,467$53,064,409$25,503,749$341,450,673
88$552,222,282$55,448,222$26,141,781$375,121,223
89$608,325,796$57,942,027$26,794,373$412,186,300
90$670,144,840$60,550,998$27,461,797$452,990,678
91$738,262,175$63,280,559$28,144,328$497,914,240
92$813,319,999$66,136,388$28,842,246$547,375,554
93$896,026,006$69,124,439$29,555,828$601,835,821
94$987,160,068$72,250,945$30,285,358$661,803,219
95$1,087,581,595$75,522,442$31,031,118$727,837,688
96$1,198,237,651$78,945,775$31,793,394$800,556,215
97$1,320,171,892$82,528,118$32,572,472$880,638,641
98$1,454,534,415$86,276,986$33,368,640$968,834,075
99$1,602,592,623$90,200,257$34,182,188$1,065,967,953
100$1,765,743,183$94,306,181$35,013,403$1,172,949,820