Can I retire at age 45 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$701,922$695,670$689,570$683,616$677,802$652,974
2 years$347,486$341,015$334,743$328,661$322,763$298,026
3 years$229,356$222,857$216,601$210,577$204,774$180,905
4 years$170,303$163,823$157,630$151,709$146,047$123,228
5 years$134,880$128,439$122,327$116,527$111,022$89,314
6 years$111,273$104,880$98,859$93,187$87,848$67,266
7 years$94,417$88,078$82,152$76,614$71,444$51,982
8 years$81,781$75,500$69,671$64,270$59,270$40,911
9 years$71,958$65,736$60,008$54,744$49,914$32,634
10 years$64,104$57,943$52,316$47,190$42,529$26,297
11 years$57,683$51,583$46,058$41,069$36,576$21,357
12 years$52,335$46,298$40,876$36,023$31,696$17,453
13 years$47,814$41,840$36,520$31,803$27,640$14,332
14 years$43,942$38,032$32,813$28,231$24,229$11,816
15 years$40,589$34,743$29,626$25,177$21,333$9,773
16 years$37,658$31,876$26,860$22,544$18,854$8,104
17 years$35,075$29,356$24,442$20,255$16,717$6,734
18 years$32,781$27,126$22,312$18,254$14,864$5,605
19 years$30,731$25,141$20,426$16,494$13,249$4,673
20 years$28,889$23,362$18,746$14,939$11,834$3,900
21 years$27,224$21,761$17,242$13,558$10,590$3,258
22 years$25,712$20,313$15,892$12,327$9,493$2,724
23 years$24,334$18,998$14,673$11,226$8,521$2,279
24 years$23,073$17,800$13,570$10,239$7,659$1,908
25 years$21,914$16,704$12,569$9,351$6,892$1,598
26 years$20,847$15,699$11,657$8,550$6,208$1,339
27 years$19,860$14,775$10,824$7,826$5,597$1,123
28 years$18,945$13,922$10,063$7,170$5,050$941
29 years$18,094$13,134$9,364$6,575$4,560$789
30 years$17,302$12,404$8,722$6,035$4,121$662
31 years$16,563$11,726$8,132$5,542$3,725$555
32 years$15,871$11,095$7,587$5,093$3,370$466
33 years$15,222$10,507$7,084$4,684$3,050$391
34 years$14,613$9,958$6,619$4,310$2,761$328
35 years$14,040$9,445$6,188$3,967$2,501$275
36 years$13,500$8,965$5,789$3,654$2,266$231
37 years$12,990$8,515$5,418$3,366$2,054$194
38 years$12,509$8,092$5,074$3,103$1,862$163
39 years$12,053$7,695$4,754$2,861$1,688$137
40 years$11,621$7,321$4,456$2,639$1,531$115
41 years$11,211$6,969$4,178$2,435$1,389$96
42 years$10,822$6,637$3,919$2,247$1,261$81
43 years$10,452$6,324$3,678$2,074$1,144$68
44 years$10,099$6,028$3,452$1,915$1,039$57
45 years$9,763$5,748$3,241$1,769$943$48
46 years$9,443$5,483$3,044$1,634$856$40
47 years$9,138$5,233$2,860$1,509$777$34
48 years$8,846$4,995$2,688$1,395$706$28
49 years$8,566$4,770$2,526$1,289$641$24
50 years$8,299$4,557$2,375$1,191$582$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,500,000, adding $5,580 every year, while hoping to spend $50,138 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: 56/39/5 Blend
44$8,500,000$8,500,000$8,500,000$8,500,000
45$9,372,756$8,922,256$8,790,506$9,888,100
46$10,275,430$9,306,100$9,031,641$10,619,258
47$11,268,497$9,707,072$9,279,174$11,409,064
48$12,361,124$10,125,958$9,533,267$12,267,981
49$13,563,410$10,563,582$9,794,083$13,202,589
50$14,886,486$11,020,805$10,061,792$14,220,118
51$16,342,613$11,498,530$10,336,567$15,328,512
52$17,945,302$11,997,701$10,618,585$16,536,506
53$19,709,442$12,519,307$10,908,027$17,853,700
54$21,651,436$13,064,384$11,205,077$19,290,653
55$23,789,360$13,634,016$11,509,924$20,858,971
56$26,143,130$14,229,339$11,822,763$22,571,422
57$28,734,694$14,851,541$12,143,790$24,442,044
58$31,588,234$15,501,867$12,473,207$26,486,282
59$34,730,396$16,181,621$12,811,222$28,721,125
60$38,190,545$16,892,169$13,158,046$31,165,262
61$42,001,034$17,634,939$13,513,895$33,839,256
62$46,197,517$18,411,429$13,878,988$36,765,734
63$50,819,282$19,223,207$14,253,552$39,969,595
64$55,909,620$20,071,915$14,637,817$43,478,238
65$61,516,235$20,959,273$15,032,018$47,321,818
66$67,691,696$21,887,082$15,436,396$51,533,527
67$74,493,929$22,857,229$15,851,195$56,149,896
68$81,986,767$23,871,691$16,276,667$61,211,140
69$90,240,550$24,932,536$16,713,068$66,761,527
70$99,332,790$26,041,934$17,160,659$72,849,792
71$109,348,900$27,202,154$17,619,707$79,529,589
72$120,383,005$28,415,577$18,090,485$86,859,991
73$132,538,825$29,684,694$18,573,269$94,906,040
74$145,930,656$31,012,115$19,068,345$103,739,354
75$160,684,450$32,400,575$19,576,001$113,438,793
76$176,939,000$33,852,939$20,096,533$124,091,198
77$194,847,253$35,372,209$20,630,242$135,792,198
78$214,577,753$36,961,527$21,177,436$148,647,109
79$236,316,230$38,624,188$21,738,426$162,771,912
80$260,267,356$40,363,644$22,313,534$178,294,342
81$286,656,673$42,183,509$22,903,084$195,355,084
82$315,732,725$44,087,572$23,507,409$214,109,084
83$347,769,401$46,079,802$24,126,846$234,727,008
84$383,068,525$48,164,358$24,761,740$257,396,837
85$421,962,699$50,345,596$25,412,443$282,325,626
86$464,818,446$52,628,081$26,079,311$309,741,452
87$512,039,669$55,016,599$26,762,710$339,895,547
88$564,071,464$57,516,161$27,463,009$373,064,658
89$621,404,320$60,132,019$28,180,586$409,553,647
90$684,578,750$62,869,678$28,915,825$449,698,345
91$754,190,395$65,734,904$29,669,118$493,868,715
92$830,895,643$68,733,742$30,440,861$542,472,320
93$915,417,828$71,872,525$31,231,459$595,958,158
94$1,008,554,056$75,157,889$32,041,323$654,820,874
95$1,111,182,734$78,596,789$32,870,871$719,605,420
96$1,224,271,856$82,196,515$33,720,529$790,912,167
97$1,348,888,146$85,964,704$34,590,727$869,402,560
98$1,486,207,125$89,909,363$35,481,904$955,805,336
99$1,637,524,210$94,038,880$36,394,506$1,050,923,378
100$1,804,266,942$98,362,048$37,328,985$1,155,641,271