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%18.6%
1 years$701,922$695,670$689,570$683,616$677,802$654,274
2 years$347,486$341,015$334,743$328,661$322,763$299,302
3 years$229,356$222,857$216,601$210,577$204,774$182,117
4 years$170,303$163,823$157,630$151,709$146,047$124,367
5 years$134,880$128,439$122,327$116,527$111,022$90,378
6 years$111,273$104,880$98,859$93,187$87,848$68,254
7 years$94,417$88,078$82,152$76,614$71,444$52,897
8 years$81,781$75,500$69,671$64,270$59,270$41,755
9 years$71,958$65,736$60,008$54,744$49,914$33,409
10 years$64,104$57,943$52,316$47,190$42,529$27,006
11 years$57,683$51,583$46,058$41,069$36,576$22,005
12 years$52,335$46,298$40,876$36,023$31,696$18,042
13 years$47,814$41,840$36,520$31,803$27,640$14,867
14 years$43,942$38,032$32,813$28,231$24,229$12,300
15 years$40,589$34,743$29,626$25,177$21,333$10,209
16 years$37,658$31,876$26,860$22,544$18,854$8,496
17 years$35,075$29,356$24,442$20,255$16,717$7,086
18 years$32,781$27,126$22,312$18,254$14,864$5,921
19 years$30,731$25,141$20,426$16,494$13,249$4,954
20 years$28,889$23,362$18,746$14,939$11,834$4,151
21 years$27,224$21,761$17,242$13,558$10,590$3,481
22 years$25,712$20,313$15,892$12,327$9,493$2,922
23 years$24,334$18,998$14,673$11,226$8,521$2,455
24 years$23,073$17,800$13,570$10,239$7,659$2,063
25 years$21,914$16,704$12,569$9,351$6,892$1,735
26 years$20,847$15,699$11,657$8,550$6,208$1,460
27 years$19,860$14,775$10,824$7,826$5,597$1,228
28 years$18,945$13,922$10,063$7,170$5,050$1,034
29 years$18,094$13,134$9,364$6,575$4,560$871
30 years$17,302$12,404$8,722$6,035$4,121$733
31 years$16,563$11,726$8,132$5,542$3,725$618
32 years$15,871$11,095$7,587$5,093$3,370$520
33 years$15,222$10,507$7,084$4,684$3,050$439
34 years$14,613$9,958$6,619$4,310$2,761$370
35 years$14,040$9,445$6,188$3,967$2,501$311
36 years$13,500$8,965$5,789$3,654$2,266$263
37 years$12,990$8,515$5,418$3,366$2,054$221
38 years$12,509$8,092$5,074$3,103$1,862$187
39 years$12,053$7,695$4,754$2,861$1,688$157
40 years$11,621$7,321$4,456$2,639$1,531$133
41 years$11,211$6,969$4,178$2,435$1,389$112
42 years$10,822$6,637$3,919$2,247$1,261$94
43 years$10,452$6,324$3,678$2,074$1,144$79
44 years$10,099$6,028$3,452$1,915$1,039$67
45 years$9,763$5,748$3,241$1,769$943$56
46 years$9,443$5,483$3,044$1,634$856$48
47 years$9,138$5,233$2,860$1,509$777$40
48 years$8,846$4,995$2,688$1,395$706$34
49 years$8,566$4,770$2,526$1,289$641$29
50 years$8,299$4,557$2,375$1,191$582$24

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 $5,118 every year, while hoping to spend $44,831 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: 66/23/11 Blend
44$8,500,000$8,500,000$8,500,000$8,500,000
45$9,372,279$8,921,779$8,790,029$9,968,064
46$10,280,552$9,311,247$9,036,795$10,755,048
47$11,279,966$9,718,295$9,290,326$11,609,097
48$12,379,770$10,143,739$9,550,799$12,541,393
49$13,590,156$10,588,432$9,818,400$13,559,575
50$14,922,351$11,053,265$10,093,316$14,672,047
51$16,388,730$11,539,174$10,375,742$15,888,057
52$18,002,925$12,047,138$10,665,873$17,217,777
53$19,779,958$12,578,182$10,963,915$18,672,406
54$21,736,382$13,133,381$11,270,073$20,264,264
55$23,890,435$13,713,858$11,584,563$22,006,913
56$26,262,215$14,320,793$11,907,602$23,915,279
57$28,873,867$14,955,419$12,239,413$26,005,793
58$31,749,795$15,619,028$12,580,227$28,296,541
59$34,916,888$16,312,973$12,930,278$30,807,434
60$38,404,775$17,038,674$13,289,807$33,560,392
61$42,246,107$17,797,614$13,659,060$36,579,548
62$46,476,862$18,591,350$14,038,291$39,891,476
63$51,136,687$19,421,511$14,427,759$43,525,432
64$56,269,268$20,289,804$14,827,728$47,513,634
65$61,922,747$21,198,017$15,238,470$51,891,558
66$68,150,171$22,148,024$15,660,263$56,698,271
67$75,009,999$23,141,788$16,093,392$61,976,797
68$82,566,648$24,181,364$16,538,150$67,774,516
69$90,891,102$25,268,907$16,994,834$74,143,612
70$100,061,584$26,406,673$17,463,750$81,141,557
71$110,164,292$27,597,027$17,945,213$88,831,651
72$121,294,214$28,842,446$18,439,542$97,283,614
73$133,556,023$30,145,524$18,947,065$106,574,241
74$147,065,065$31,508,983$19,468,119$116,788,121
75$161,948,448$32,935,669$20,003,048$128,018,428
76$178,346,244$34,428,571$20,552,203$140,367,799
77$196,412,804$35,990,814$21,115,946$153,949,295
78$216,318,224$37,625,678$21,694,644$168,887,461
79$238,249,942$39,336,596$22,288,674$185,319,498
80$262,414,515$41,127,168$22,898,424$203,396,550
81$289,039,562$43,001,165$23,524,287$223,285,124
82$318,375,914$44,962,539$24,166,667$245,168,655
83$350,699,985$47,015,431$24,825,978$269,249,231
84$386,316,378$49,164,182$25,502,643$295,749,491
85$425,560,760$51,413,338$26,197,093$324,914,719
86$468,803,032$53,767,667$26,909,771$357,015,153
87$516,450,822$56,232,162$27,641,128$392,348,524
88$568,953,327$58,812,060$28,391,627$431,242,859
89$626,805,560$61,512,844$29,161,740$474,059,568
90$690,553,019$64,340,265$29,951,950$521,196,846
91$760,796,837$67,300,349$30,762,751$573,093,419
92$838,199,459$70,399,410$31,594,648$630,232,678
93$923,490,890$73,644,068$32,448,155$693,147,226
94$1,017,475,592$77,041,259$33,323,799$762,423,899
95$1,121,040,076$80,598,254$34,222,120$838,709,289
96$1,235,161,269$84,322,674$35,143,667$922,715,837
97$1,360,915,740$88,222,506$36,089,001$1,015,228,545
98$1,499,489,860$92,306,123$37,058,697$1,117,112,369
99$1,652,191,003$96,582,300$38,053,340$1,229,320,373
100$1,820,459,887$101,060,235$39,073,529$1,352,902,709