Can I retire at age 45 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$710,180$703,854$697,682$691,658$685,776$660,394
2 years$351,574$345,026$338,681$332,528$326,560$301,275
3 years$232,055$225,479$219,149$213,054$207,183$182,790
4 years$172,307$165,751$159,484$153,493$147,765$124,449
5 years$136,467$129,951$123,766$117,898$112,328$90,151
6 years$112,582$106,114$100,022$94,284$88,882$67,859
7 years$95,528$89,115$83,118$77,516$72,285$52,411
8 years$82,743$76,388$70,491$65,026$59,967$41,224
9 years$72,804$66,509$60,714$55,388$50,501$32,863
10 years$64,858$58,625$52,932$47,745$43,029$26,465
11 years$58,361$52,190$46,600$41,552$37,007$21,480
12 years$52,951$46,843$41,357$36,447$32,069$17,541
13 years$48,376$42,332$36,949$32,177$27,965$14,395
14 years$44,459$38,479$33,199$28,563$24,514$11,860
15 years$41,066$35,151$29,974$25,473$21,584$9,802
16 years$38,101$32,251$27,176$22,809$19,076$8,122
17 years$35,488$29,702$24,729$20,493$16,914$6,744
18 years$33,167$27,446$22,575$18,469$15,039$5,610
19 years$31,093$25,436$20,666$16,688$13,405$4,673
20 years$29,229$23,637$18,966$15,114$11,973$3,897
21 years$27,544$22,017$17,445$13,717$10,715$3,253
22 years$26,015$20,552$16,078$12,472$9,604$2,718
23 years$24,621$19,222$14,846$11,359$8,621$2,272
24 years$23,344$18,009$13,730$10,360$7,749$1,901
25 years$22,172$16,901$12,716$9,461$6,973$1,591
26 years$21,092$15,884$11,794$8,651$6,281$1,332
27 years$20,093$14,949$10,952$7,918$5,663$1,115
28 years$19,168$14,086$10,181$7,255$5,110$934
29 years$18,307$13,289$9,474$6,653$4,614$783
30 years$17,506$12,550$8,825$6,106$4,169$656
31 years$16,758$11,864$8,227$5,607$3,769$550
32 years$16,058$11,225$7,676$5,153$3,409$461
33 years$15,401$10,631$7,167$4,739$3,086$387
34 years$14,785$10,076$6,697$4,360$2,794$324
35 years$14,205$9,556$6,261$4,014$2,530$272
36 years$13,659$9,070$5,857$3,697$2,293$228
37 years$13,143$8,615$5,482$3,406$2,078$191
38 years$12,656$8,187$5,134$3,139$1,884$160
39 years$12,195$7,785$4,810$2,895$1,708$135
40 years$11,758$7,407$4,508$2,670$1,549$113
41 years$11,343$7,051$4,227$2,463$1,406$95
42 years$10,949$6,715$3,965$2,273$1,276$79
43 years$10,575$6,398$3,721$2,099$1,158$67
44 years$10,218$6,099$3,493$1,938$1,051$56
45 years$9,878$5,816$3,279$1,790$954$47
46 years$9,554$5,548$3,080$1,653$866$39
47 years$9,245$5,294$2,894$1,527$786$33
48 years$8,950$5,054$2,719$1,411$714$28
49 years$8,667$4,826$2,556$1,304$649$23
50 years$8,397$4,610$2,403$1,205$589$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,600,000, adding $6,822 every year, while hoping to spend $24,720 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: 27/44/29 Blend
44$8,600,000$8,600,000$8,600,000$8,600,000
45$9,484,237$9,028,437$8,895,137$9,654,697
46$10,425,327$9,444,528$9,166,822$10,210,149
47$11,461,580$9,880,180$9,446,780$10,803,512
48$12,602,676$10,336,324$9,735,262$11,440,084
49$13,859,283$10,813,937$10,032,527$12,123,568
50$15,243,154$11,314,044$10,338,841$12,858,015
51$16,767,242$11,837,719$10,654,478$13,647,856
52$18,445,819$12,386,085$10,979,722$14,497,941
53$20,294,613$12,960,324$11,314,864$15,413,583
54$22,330,955$13,561,672$11,660,203$16,400,598
55$24,573,942$14,191,423$12,016,049$17,465,359
56$27,044,619$14,850,937$12,382,721$18,614,851
57$29,766,175$15,541,638$12,760,547$19,856,729
58$32,764,163$16,265,017$13,149,864$21,199,387
59$36,066,745$17,022,640$13,551,022$22,652,029
60$39,704,950$17,816,147$13,964,378$24,224,753
61$43,712,974$18,647,256$14,390,303$25,928,639
62$48,128,496$19,517,771$14,829,177$27,775,843
63$52,993,040$20,429,579$15,281,393$29,779,710
64$58,352,365$21,384,663$15,747,354$31,954,889
65$64,256,893$22,385,098$16,227,477$34,317,469
66$70,762,189$23,433,061$16,722,190$36,885,113
67$77,929,484$24,530,833$17,231,936$39,677,227
68$85,826,255$25,680,807$17,757,169$42,715,128
69$94,526,857$26,885,491$18,298,358$46,022,238
70$104,113,230$28,147,513$18,855,987$49,624,295
71$114,675,669$29,469,631$19,430,551$53,549,588
72$126,313,677$30,854,733$20,022,565$57,829,210
73$139,136,907$32,305,849$20,632,556$62,497,343
74$153,266,192$33,826,157$21,261,067$67,591,571
75$168,834,689$35,418,984$21,908,659$73,153,216
76$185,989,137$37,087,824$22,575,908$79,227,725
77$204,891,238$38,836,336$23,263,410$85,865,077
78$225,719,186$40,668,359$23,971,776$93,120,248
79$248,669,350$42,587,915$24,701,637$101,053,712
80$273,958,124$44,599,224$25,453,643$109,731,997
81$301,823,976$46,706,708$26,228,463$119,228,298
82$332,529,691$48,915,007$27,026,786$129,623,153
83$366,364,859$51,228,982$27,849,323$141,005,182
84$403,648,604$53,653,731$28,696,804$153,471,911
85$444,732,598$56,194,601$29,569,984$167,130,670
86$490,004,383$58,857,196$30,469,638$182,099,588
87$539,891,025$61,647,393$31,396,566$198,508,686
88$594,863,150$64,571,356$32,351,592$216,501,085
89$655,439,384$67,635,545$33,335,562$236,234,334
90$722,191,249$70,846,735$34,349,352$257,881,874
91$795,748,562$74,212,030$35,393,861$281,634,649
92$876,805,375$77,738,880$36,470,015$307,702,882
93$966,126,534$81,435,095$37,578,771$336,318,038
94$1,064,554,891$85,308,865$38,721,110$367,734,974
95$1,173,019,269$89,368,779$39,898,047$402,234,321
96$1,292,543,226$93,623,841$41,110,624$440,125,096
97$1,424,254,722$98,083,496$42,359,915$481,747,593
98$1,569,396,760$102,757,644$43,647,029$527,476,560
99$1,729,339,130$107,656,669$44,973,106$577,724,696
100$1,905,591,335$112,791,459$46,339,318$632,946,517