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%14.9%
1 years$710,180$703,854$697,682$691,658$685,776$671,930
2 years$351,574$345,026$338,681$332,528$326,560$312,671
3 years$232,055$225,479$219,149$213,054$207,183$193,684
4 years$172,307$165,751$159,484$153,493$147,765$134,760
5 years$136,467$129,951$123,766$117,898$112,328$99,855
6 years$112,582$106,114$100,022$94,284$88,882$76,953
7 years$95,528$89,115$83,118$77,516$72,285$60,904
8 years$82,743$76,388$70,491$65,026$59,967$49,130
9 years$72,804$66,509$60,714$55,388$50,501$40,201
10 years$64,858$58,625$52,932$47,745$43,029$33,256
11 years$58,361$52,190$46,600$41,552$37,007$27,748
12 years$52,951$46,843$41,357$36,447$32,069$23,312
13 years$48,376$42,332$36,949$32,177$27,965$19,694
14 years$44,459$38,479$33,199$28,563$24,514$16,714
15 years$41,066$35,151$29,974$25,473$21,584$14,238
16 years$38,101$32,251$27,176$22,809$19,076$12,168
17 years$35,488$29,702$24,729$20,493$16,914$10,425
18 years$33,167$27,446$22,575$18,469$15,039$8,953
19 years$31,093$25,436$20,666$16,688$13,405$7,702
20 years$29,229$23,637$18,966$15,114$11,973$6,637
21 years$27,544$22,017$17,445$13,717$10,715$5,727
22 years$26,015$20,552$16,078$12,472$9,604$4,948
23 years$24,621$19,222$14,846$11,359$8,621$4,279
24 years$23,344$18,009$13,730$10,360$7,749$3,703
25 years$22,172$16,901$12,716$9,461$6,973$3,208
26 years$21,092$15,884$11,794$8,651$6,281$2,780
27 years$20,093$14,949$10,952$7,918$5,663$2,411
28 years$19,168$14,086$10,181$7,255$5,110$2,092
29 years$18,307$13,289$9,474$6,653$4,614$1,816
30 years$17,506$12,550$8,825$6,106$4,169$1,577
31 years$16,758$11,864$8,227$5,607$3,769$1,369
32 years$16,058$11,225$7,676$5,153$3,409$1,190
33 years$15,401$10,631$7,167$4,739$3,086$1,034
34 years$14,785$10,076$6,697$4,360$2,794$898
35 years$14,205$9,556$6,261$4,014$2,530$781
36 years$13,659$9,070$5,857$3,697$2,293$679
37 years$13,143$8,615$5,482$3,406$2,078$591
38 years$12,656$8,187$5,134$3,139$1,884$514
39 years$12,195$7,785$4,810$2,895$1,708$447
40 years$11,758$7,407$4,508$2,670$1,549$389
41 years$11,343$7,051$4,227$2,463$1,406$338
42 years$10,949$6,715$3,965$2,273$1,276$294
43 years$10,575$6,398$3,721$2,099$1,158$256
44 years$10,218$6,099$3,493$1,938$1,051$223
45 years$9,878$5,816$3,279$1,790$954$194
46 years$9,554$5,548$3,080$1,653$866$168
47 years$9,245$5,294$2,894$1,527$786$147
48 years$8,950$5,054$2,719$1,411$714$128
49 years$8,667$4,826$2,556$1,304$649$111
50 years$8,397$4,610$2,403$1,205$589$97

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 $6,289 every year, while hoping to spend $51,169 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: 71/16/13 Blend
44$8,600,000$8,600,000$8,600,000$8,600,000
45$9,483,687$9,027,887$8,894,587$10,129,950
46$10,396,580$9,415,810$9,138,112$10,947,199
47$11,400,873$9,821,026$9,388,081$11,834,719
48$12,505,834$10,244,329$9,644,654$12,804,932
49$13,721,677$10,686,549$9,907,998$13,865,990
50$15,059,654$11,148,556$10,178,282$15,026,866
51$16,532,163$11,631,260$10,455,678$16,297,438
52$18,152,865$12,135,613$10,740,365$17,688,577
53$19,936,813$12,662,614$11,032,523$19,212,253
54$21,900,593$13,213,307$11,332,338$20,881,644
55$24,062,481$13,788,786$11,639,998$22,711,258
56$26,442,614$14,390,197$11,955,698$24,717,070
57$29,063,182$15,018,738$12,279,636$26,916,670
58$31,948,636$15,675,665$12,612,013$29,329,426
59$35,125,918$16,362,294$12,953,036$31,976,668
60$38,624,716$17,080,001$13,302,917$34,881,883
61$42,477,744$17,830,228$13,661,872$38,070,938
62$46,721,050$18,614,485$14,030,121$41,572,323
63$51,394,357$19,434,354$14,407,889$45,417,411
64$56,541,435$20,291,492$14,795,407$49,640,761
65$62,210,518$21,187,631$15,192,910$54,280,433
66$68,454,756$22,124,590$15,600,638$59,378,351
67$75,332,717$23,104,272$16,018,836$64,980,692
68$82,908,941$24,128,668$16,447,753$71,138,321
69$91,254,547$25,199,866$16,887,647$77,907,269
70$100,447,905$26,320,054$17,338,777$85,349,257
71$110,575,375$27,491,521$17,801,410$93,532,273
72$121,732,124$28,716,665$18,275,818$102,531,219
73$134,023,020$29,998,001$18,762,277$112,428,604
74$147,563,625$31,338,160$19,261,070$123,315,327
75$162,481,284$32,739,900$19,772,486$135,291,528
76$178,916,330$34,206,110$20,296,819$148,467,528
77$197,023,402$35,739,815$20,834,368$162,964,871
78$216,972,909$37,344,187$21,385,440$178,917,461
79$238,952,640$39,022,546$21,950,347$196,472,827
80$263,169,530$40,778,372$22,529,405$215,793,508
81$289,851,621$42,615,311$23,122,938$237,058,582
82$319,250,208$44,537,182$23,731,278$260,465,354
83$351,642,212$46,547,987$24,354,759$286,231,210
84$387,332,798$48,651,919$24,993,723$314,595,667
85$426,658,250$50,853,370$25,648,520$345,822,626
86$469,989,151$53,156,944$26,319,505$380,202,858
87$517,733,873$55,567,463$27,007,037$418,056,740
88$570,342,441$58,089,982$27,711,486$459,737,279
89$628,310,774$60,729,795$28,433,224$505,633,431
90$692,185,369$63,492,451$29,172,633$556,173,770
91$762,568,460$66,383,764$29,930,100$611,830,523
92$840,123,701$69,409,827$30,706,017$673,124,025
93$925,582,436$72,577,026$31,500,785$740,627,615
94$1,019,750,593$75,892,049$32,314,811$814,973,051
95$1,123,516,304$79,361,909$33,148,507$896,856,453
96$1,237,858,278$82,993,954$34,002,293$987,044,877
97$1,363,855,048$86,795,883$34,876,595$1,086,383,536
98$1,502,695,148$90,775,767$35,771,846$1,195,803,778
99$1,655,688,335$94,942,061$36,688,485$1,316,331,861
100$1,824,277,953$99,303,630$37,626,957$1,449,098,635