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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$710,180$703,854$697,682$691,658$685,776$679,463
2 years$351,574$345,026$338,681$332,528$326,560$320,199
3 years$232,055$225,479$219,149$213,054$207,183$200,972
4 years$172,307$165,751$159,484$153,493$147,765$141,751
5 years$136,467$129,951$123,766$117,898$112,328$106,530
6 years$112,582$106,114$100,022$94,284$88,882$83,306
7 years$95,528$89,115$83,118$77,516$72,285$66,933
8 years$82,743$76,388$70,491$65,026$59,967$54,840
9 years$72,804$66,509$60,714$55,388$50,501$45,597
10 years$64,858$58,625$52,932$47,745$43,029$38,346
11 years$58,361$52,190$46,600$41,552$37,007$32,540
12 years$52,951$46,843$41,357$36,447$32,069$27,814
13 years$48,376$42,332$36,949$32,177$27,965$23,917
14 years$44,459$38,479$33,199$28,563$24,514$20,668
15 years$41,066$35,151$29,974$25,473$21,584$17,935
16 years$38,101$32,251$27,176$22,809$19,076$15,617
17 years$35,488$29,702$24,729$20,493$16,914$13,640
18 years$33,167$27,446$22,575$18,469$15,039$11,943
19 years$31,093$25,436$20,666$16,688$13,405$10,480
20 years$29,229$23,637$18,966$15,114$11,973$9,214
21 years$27,544$22,017$17,445$13,717$10,715$8,114
22 years$26,015$20,552$16,078$12,472$9,604$7,156
23 years$24,621$19,222$14,846$11,359$8,621$6,318
24 years$23,344$18,009$13,730$10,360$7,749$5,585
25 years$22,172$16,901$12,716$9,461$6,973$4,941
26 years$21,092$15,884$11,794$8,651$6,281$4,376
27 years$20,093$14,949$10,952$7,918$5,663$3,878
28 years$19,168$14,086$10,181$7,255$5,110$3,439
29 years$18,307$13,289$9,474$6,653$4,614$3,051
30 years$17,506$12,550$8,825$6,106$4,169$2,708
31 years$16,758$11,864$8,227$5,607$3,769$2,405
32 years$16,058$11,225$7,676$5,153$3,409$2,137
33 years$15,401$10,631$7,167$4,739$3,086$1,899
34 years$14,785$10,076$6,697$4,360$2,794$1,689
35 years$14,205$9,556$6,261$4,014$2,530$1,502
36 years$13,659$9,070$5,857$3,697$2,293$1,336
37 years$13,143$8,615$5,482$3,406$2,078$1,188
38 years$12,656$8,187$5,134$3,139$1,884$1,058
39 years$12,195$7,785$4,810$2,895$1,708$941
40 years$11,758$7,407$4,508$2,670$1,549$838
41 years$11,343$7,051$4,227$2,463$1,406$746
42 years$10,949$6,715$3,965$2,273$1,276$664
43 years$10,575$6,398$3,721$2,099$1,158$591
44 years$10,218$6,099$3,493$1,938$1,051$527
45 years$9,878$5,816$3,279$1,790$954$469
46 years$9,554$5,548$3,080$1,653$866$418
47 years$9,245$5,294$2,894$1,527$786$372
48 years$8,950$5,054$2,719$1,411$714$332
49 years$8,667$4,826$2,556$1,304$649$295
50 years$8,397$4,610$2,403$1,205$589$263

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 $5,945 every year, while hoping to spend $32,254 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: 52/28/20 Blend
44$8,600,000$8,600,000$8,600,000$8,600,000
45$9,483,332$9,027,532$8,894,232$9,923,883
46$10,416,314$9,435,563$9,157,871$10,635,831
47$11,443,379$9,862,507$9,429,261$11,405,958
48$12,574,090$10,309,256$9,708,627$12,242,946
49$13,818,983$10,776,745$9,996,202$13,153,157
50$15,189,668$11,265,955$10,292,224$14,143,580
51$16,698,940$11,777,912$10,596,939$15,221,900
52$18,360,895$12,313,693$10,910,599$16,396,562
53$20,191,067$12,874,425$11,233,465$17,676,855
54$22,206,574$13,461,290$11,565,804$19,072,988
55$24,426,277$14,075,525$11,907,891$20,596,191
56$26,870,960$14,718,429$12,260,009$22,258,814
57$29,563,528$15,391,362$12,622,449$24,074,441
58$32,529,216$16,095,747$12,995,509$26,058,014
59$35,795,837$16,833,079$13,379,499$28,225,974
60$39,394,035$17,604,922$13,774,735$30,596,405
61$43,357,580$18,412,917$14,181,542$33,189,209
62$47,723,685$19,258,783$14,600,256$36,026,284
63$52,533,358$20,144,320$15,031,222$39,131,730
64$57,831,786$21,071,417$15,474,793$42,532,069
65$63,668,764$22,042,052$15,931,335$46,256,492
66$70,099,165$23,058,300$16,401,222$50,337,130
67$77,183,458$24,122,334$16,884,840$54,809,352
68$84,988,274$25,236,432$17,382,586$59,712,094
69$93,587,043$26,402,983$17,894,868$65,088,217
70$103,060,681$27,624,488$18,422,105$70,984,913
71$113,498,353$28,903,571$18,964,729$77,454,137
72$124,998,322$30,242,982$19,523,183$84,553,095
73$137,668,865$31,645,604$20,097,925$92,344,779
74$151,629,307$33,114,456$20,689,423$100,898,547
75$167,011,138$34,652,705$21,298,160$110,290,782
76$183,959,258$36,263,672$21,924,632$120,605,592
77$202,633,345$37,950,835$22,569,350$131,935,610
78$223,209,362$39,717,841$23,232,839$144,382,846
79$245,881,216$41,568,515$23,915,639$158,059,654
80$270,862,591$43,506,863$24,618,303$173,089,775
81$298,388,964$45,537,087$25,341,405$189,609,498
82$328,719,825$47,663,592$26,085,529$207,768,937
83$362,141,133$49,890,993$26,851,280$227,733,439
84$398,968,008$52,224,132$27,639,277$249,685,130
85$439,547,712$54,668,081$28,450,160$273,824,628
86$484,262,923$57,228,161$29,284,584$300,372,921
87$533,535,347$59,909,947$30,143,224$329,573,440
88$587,829,702$62,719,285$31,026,772$361,694,349
89$647,658,106$65,662,303$31,935,943$397,031,058
90$713,584,904$68,745,427$32,871,468$435,909,000
91$786,232,004$71,975,393$33,834,102$478,686,688
92$866,284,744$75,359,263$34,824,620$525,759,081
93$954,498,361$78,904,441$35,843,818$577,561,300
94$1,051,705,124$82,618,688$36,892,516$634,572,719
95$1,158,822,185$86,510,142$37,971,554$697,321,467
96$1,276,860,246$90,587,337$39,081,799$766,389,402
97$1,406,933,093$94,859,218$40,224,141$842,417,579
98$1,550,268,112$99,335,164$41,399,494$926,112,285
99$1,708,217,881$104,025,008$42,608,798$1,018,251,683
100$1,882,272,932$108,939,061$43,853,020$1,119,693,137