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%15.2%
1 years$710,180$703,854$697,682$691,658$685,776$671,107
2 years$351,574$345,026$338,681$332,528$326,560$311,853
3 years$232,055$225,479$219,149$213,054$207,183$192,896
4 years$172,307$165,751$159,484$153,493$147,765$134,009
5 years$136,467$129,951$123,766$117,898$112,328$99,142
6 years$112,582$106,114$100,022$94,284$88,882$76,279
7 years$95,528$89,115$83,118$77,516$72,285$60,268
8 years$82,743$76,388$70,491$65,026$59,967$48,533
9 years$72,804$66,509$60,714$55,388$50,501$39,641
10 years$64,858$58,625$52,932$47,745$43,029$32,732
11 years$58,361$52,190$46,600$41,552$37,007$27,259
12 years$52,951$46,843$41,357$36,447$32,069$22,857
13 years$48,376$42,332$36,949$32,177$27,965$19,271
14 years$44,459$38,479$33,199$28,563$24,514$16,321
15 years$41,066$35,151$29,974$25,473$21,584$13,875
16 years$38,101$32,251$27,176$22,809$19,076$11,832
17 years$35,488$29,702$24,729$20,493$16,914$10,116
18 years$33,167$27,446$22,575$18,469$15,039$8,668
19 years$31,093$25,436$20,666$16,688$13,405$7,441
20 years$29,229$23,637$18,966$15,114$11,973$6,397
21 years$27,544$22,017$17,445$13,717$10,715$5,508
22 years$26,015$20,552$16,078$12,472$9,604$4,747
23 years$24,621$19,222$14,846$11,359$8,621$4,096
24 years$23,344$18,009$13,730$10,360$7,749$3,537
25 years$22,172$16,901$12,716$9,461$6,973$3,056
26 years$21,092$15,884$11,794$8,651$6,281$2,642
27 years$20,093$14,949$10,952$7,918$5,663$2,286
28 years$19,168$14,086$10,181$7,255$5,110$1,978
29 years$18,307$13,289$9,474$6,653$4,614$1,713
30 years$17,506$12,550$8,825$6,106$4,169$1,484
31 years$16,758$11,864$8,227$5,607$3,769$1,285
32 years$16,058$11,225$7,676$5,153$3,409$1,114
33 years$15,401$10,631$7,167$4,739$3,086$966
34 years$14,785$10,076$6,697$4,360$2,794$837
35 years$14,205$9,556$6,261$4,014$2,530$726
36 years$13,659$9,070$5,857$3,697$2,293$630
37 years$13,143$8,615$5,482$3,406$2,078$546
38 years$12,656$8,187$5,134$3,139$1,884$474
39 years$12,195$7,785$4,810$2,895$1,708$411
40 years$11,758$7,407$4,508$2,670$1,549$356
41 years$11,343$7,051$4,227$2,463$1,406$309
42 years$10,949$6,715$3,965$2,273$1,276$268
43 years$10,575$6,398$3,721$2,099$1,158$233
44 years$10,218$6,099$3,493$1,938$1,051$202
45 years$9,878$5,816$3,279$1,790$954$175
46 years$9,554$5,548$3,080$1,653$866$152
47 years$9,245$5,294$2,894$1,527$786$132
48 years$8,950$5,054$2,719$1,411$714$115
49 years$8,667$4,826$2,556$1,304$649$100
50 years$8,397$4,610$2,403$1,205$589$86

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 $3,962 every year, while hoping to spend $40,827 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: 48/30/22 Blend
44$8,600,000$8,600,000$8,600,000$8,600,000
45$9,481,287$9,025,487$8,892,187$9,877,068
46$10,404,938$9,424,296$9,146,635$10,552,378
47$11,421,434$9,841,279$9,408,240$11,280,866
48$12,540,201$10,277,282$9,677,196$12,071,112
49$13,771,626$10,733,193$9,953,707$12,928,936
50$15,127,155$11,209,943$10,237,979$13,860,731
51$16,619,399$11,708,504$10,530,225$14,873,524
52$18,262,253$12,229,896$10,830,664$15,975,035
53$20,071,031$12,775,189$11,139,519$17,173,751
54$22,062,604$13,345,501$11,457,020$18,479,001
55$24,255,563$13,942,004$11,783,404$19,901,043
56$26,670,396$14,565,928$12,118,914$21,451,155
57$29,329,675$15,218,557$12,463,796$23,141,738
58$32,258,276$15,901,241$12,818,308$24,986,434
59$35,483,610$16,615,391$13,182,710$27,000,244
60$39,035,879$17,362,486$13,557,272$29,199,673
61$42,948,368$18,144,077$13,942,270$31,602,877
62$47,257,751$18,961,787$14,337,986$34,229,830
63$52,004,445$19,817,317$14,744,711$37,102,513
64$57,232,982$20,712,450$15,162,743$40,245,111
65$62,992,439$21,649,053$15,592,388$43,684,241
66$69,336,894$22,629,082$16,033,959$47,449,194
67$76,325,939$23,654,589$16,487,779$51,572,212
68$84,025,242$24,727,721$16,954,176$56,088,782
69$92,507,167$25,850,730$17,433,491$61,037,966
70$101,851,456$27,025,973$17,926,071$66,462,766
71$112,145,982$28,255,923$18,432,272$72,410,523
72$123,487,578$29,543,169$18,952,459$78,933,356
73$135,982,952$30,890,426$19,487,007$86,088,649
74$149,749,693$32,300,537$20,036,302$93,939,584
75$164,917,381$33,776,482$20,600,737$102,555,731
76$181,628,809$35,321,385$21,180,717$112,013,698
77$200,041,333$36,938,519$21,776,657$122,397,844
78$220,328,357$38,631,314$22,388,983$133,801,069
79$242,680,964$40,403,363$23,018,129$146,325,680
80$267,309,730$42,258,436$23,664,544$160,084,349
81$294,446,703$44,200,479$24,328,686$175,201,168
82$324,347,595$46,233,631$25,011,025$191,812,808
83$357,294,199$48,362,228$25,712,044$210,069,800
84$393,597,045$50,590,815$26,432,236$230,137,947
85$433,598,335$52,924,157$27,172,107$252,199,872
86$477,675,171$55,367,246$27,932,178$276,456,738
87$526,243,112$57,925,315$28,712,980$303,130,128
88$579,760,103$60,603,849$29,515,058$332,464,125
89$638,730,794$63,408,598$30,338,973$364,727,607
90$703,711,302$66,345,586$31,185,296$400,216,764
91$775,314,466$69,421,131$32,054,614$439,257,886
92$854,215,629$72,641,854$32,947,531$482,210,420
93$941,159,010$76,014,692$33,864,661$529,470,357
94$1,036,964,739$79,546,922$34,806,637$581,473,942
95$1,142,536,589$83,246,167$35,774,105$638,701,784
96$1,258,870,512$87,120,421$36,767,729$701,683,369
97$1,387,064,045$91,178,062$37,788,188$771,002,039
98$1,528,326,663$95,427,872$38,836,178$847,300,483
99$1,683,991,204$99,879,059$39,912,412$931,286,778
100$1,855,526,448$104,541,274$41,017,618$1,023,741,053