Can I retire at age 45 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$718,438$712,038$705,795$699,701$693,750$688,225
2 years$355,662$349,038$342,619$336,395$330,357$324,788
3 years$234,753$228,100$221,697$215,531$209,592$204,151
4 years$174,310$167,678$161,339$155,278$149,483$144,212
5 years$138,054$131,462$125,205$119,269$113,635$108,549
6 years$113,891$107,348$101,185$95,380$89,915$85,021
7 years$96,638$90,151$84,085$78,417$73,125$68,426
8 years$83,705$77,276$71,311$65,782$60,664$56,159
9 years$73,651$67,283$61,420$56,032$51,088$46,776
10 years$65,612$59,306$53,547$48,300$43,530$39,408
11 years$59,040$52,797$47,142$42,035$37,437$33,503
12 years$53,566$47,388$41,837$36,871$32,442$28,692
13 years$48,939$42,825$37,379$32,551$28,290$24,720
14 years$44,976$38,926$33,585$28,895$24,799$21,404
15 years$41,544$35,560$30,323$25,770$21,835$18,610
16 years$38,544$32,626$27,492$23,074$19,298$16,239
17 years$35,900$30,047$25,017$20,732$17,111$14,212
18 years$33,553$27,765$22,837$18,683$15,214$12,471
19 years$31,454$25,732$20,906$16,882$13,561$10,967
20 years$29,569$23,911$19,187$15,290$12,113$9,663
21 years$27,864$22,273$17,648$13,877$10,839$8,528
22 years$26,317$20,791$16,265$12,617$9,716$7,538
23 years$24,907$19,445$15,018$11,491$8,722$6,671
24 years$23,616$18,219$13,889$10,480$7,839$5,910
25 years$22,430$17,097$12,864$9,571$7,054$5,242
26 years$21,337$16,069$11,931$8,751$6,354$4,653
27 years$20,327$15,123$11,079$8,010$5,729$4,133
28 years$19,390$14,250$10,299$7,339$5,169$3,674
29 years$18,520$13,443$9,584$6,730$4,668$3,267
30 years$17,709$12,696$8,928$6,177$4,217$2,908
31 years$16,953$12,002$8,323$5,673$3,813$2,589
32 years$16,244$11,356$7,765$5,213$3,449$2,306
33 years$15,580$10,754$7,251$4,794$3,121$2,054
34 years$14,957$10,193$6,775$4,411$2,826$1,831
35 years$14,370$9,668$6,334$4,061$2,560$1,632
36 years$13,818$9,176$5,925$3,740$2,319$1,456
37 years$13,296$8,715$5,546$3,446$2,102$1,298
38 years$12,803$8,282$5,193$3,176$1,906$1,158
39 years$12,336$7,876$4,866$2,928$1,728$1,034
40 years$11,894$7,493$4,561$2,701$1,567$922
41 years$11,475$7,133$4,276$2,492$1,422$823
42 years$11,076$6,793$4,011$2,300$1,290$735
43 years$10,697$6,472$3,764$2,123$1,171$656
44 years$10,337$6,169$3,533$1,960$1,063$586
45 years$9,993$5,883$3,318$1,810$965$523
46 years$9,665$5,612$3,116$1,672$876$467
47 years$9,353$5,356$2,927$1,545$796$417
48 years$9,054$5,113$2,751$1,428$723$373
49 years$8,768$4,883$2,586$1,319$656$333
50 years$8,494$4,664$2,431$1,219$596$297

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,700,000, adding $2,138 every year, while hoping to spend $25,315 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: 59/15/26 Blend
44$8,700,000$8,700,000$8,700,000$8,700,000
45$9,589,605$9,128,505$8,993,655$10,087,857
46$10,540,810$9,548,867$9,268,008$10,848,398
47$11,588,189$9,988,978$9,550,703$11,674,662
48$12,741,526$10,449,780$9,841,993$12,575,385
49$14,011,600$10,932,257$10,142,138$13,557,801
50$15,410,291$11,437,446$10,451,407$14,629,867
51$16,950,688$11,966,427$10,770,076$15,800,341
52$18,647,214$12,520,338$11,098,430$17,078,854
53$20,515,764$13,100,369$11,436,762$18,476,006
54$22,573,852$13,707,767$11,785,373$20,003,464
55$24,840,778$14,343,841$12,144,576$21,674,064
56$27,337,808$15,009,960$12,514,690$23,501,936
57$30,088,379$15,707,562$12,896,046$25,502,632
58$33,118,314$16,438,153$13,288,985$27,693,271
59$36,456,072$17,203,312$13,693,855$30,092,699
60$40,133,011$18,004,695$14,111,019$32,721,662
61$44,183,688$18,844,035$14,540,849$35,603,000
62$48,646,183$19,723,151$14,983,726$38,761,863
63$53,562,459$20,643,951$15,440,046$42,225,940
64$58,978,758$21,608,433$15,910,216$46,025,719
65$64,946,037$22,618,691$16,394,653$50,194,774
66$71,520,448$23,676,923$16,893,790$54,770,078
67$78,763,872$24,785,430$17,408,070$59,792,343
68$86,744,498$25,946,627$17,937,951$65,306,409
69$95,537,469$27,163,044$18,483,905$71,361,657
70$105,225,591$28,437,334$19,046,416$78,012,475
71$115,900,116$29,772,278$19,625,986$85,318,763
72$127,661,601$31,170,792$20,223,129$93,346,500
73$140,620,856$32,635,933$20,838,375$102,168,356
74$154,899,995$34,170,905$21,472,273$111,864,379
75$170,633,584$35,779,070$22,125,384$122,522,740
76$187,969,914$37,463,948$22,798,289$134,240,566
77$207,072,398$39,229,235$23,491,584$147,124,847
78$228,121,117$41,078,801$24,205,886$161,293,441
79$251,314,516$43,016,707$24,941,828$176,876,184
80$276,871,280$45,047,210$25,700,063$194,016,106
81$305,032,399$47,174,772$26,481,264$212,870,776
82$336,063,440$49,404,072$27,286,123$233,613,784
83$370,257,056$51,740,016$28,115,353$256,436,370
84$407,935,748$54,187,749$28,969,689$281,549,225
85$449,454,909$56,752,663$29,849,888$309,184,471
86$495,206,180$59,440,415$30,756,730$339,597,845
87$545,621,148$62,256,932$31,691,018$373,071,104
88$601,175,416$65,208,433$32,653,578$409,914,677
89$662,393,099$68,301,436$33,645,263$450,470,587
90$729,851,765$71,542,777$34,666,950$495,115,671
91$804,187,895$74,939,623$35,719,542$544,265,124
92$886,102,884$78,499,488$36,803,971$598,376,415
93$976,369,668$82,230,253$37,921,194$657,953,587
94$1,075,840,019$86,140,181$39,072,199$723,552,011
95$1,185,452,587$90,237,935$40,258,003$795,783,616
96$1,306,241,758$94,532,601$41,479,654$875,322,651
97$1,439,347,425$99,033,706$42,738,230$962,912,039
98$1,586,025,743$103,751,239$44,034,841$1,059,370,379
99$1,747,660,994$108,695,674$45,370,633$1,165,599,658
100$1,925,778,650$113,877,996$46,746,784$1,282,593,754