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

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$718,438$712,038$705,795$699,701$693,750$677,529
2 years$355,662$349,038$342,619$336,395$330,357$314,107
3 years$234,753$228,100$221,697$215,531$209,592$193,821
4 years$174,310$167,678$161,339$155,278$149,483$134,311
5 years$138,054$131,462$125,205$119,269$113,635$99,105
6 years$113,891$107,348$101,185$95,380$89,915$76,043
7 years$96,638$90,151$84,085$78,417$73,125$59,913
8 years$83,705$77,276$71,311$65,782$60,664$48,106
9 years$73,651$67,283$61,420$56,032$51,088$39,174
10 years$65,612$59,306$53,547$48,300$43,530$32,247
11 years$59,040$52,797$47,142$42,035$37,437$26,770
12 years$53,566$47,388$41,837$36,871$32,442$22,373
13 years$48,939$42,825$37,379$32,551$28,290$18,801
14 years$44,976$38,926$33,585$28,895$24,799$15,869
15 years$41,544$35,560$30,323$25,770$21,835$13,444
16 years$38,544$32,626$27,492$23,074$19,298$11,423
17 years$35,900$30,047$25,017$20,732$17,111$9,731
18 years$33,553$27,765$22,837$18,683$15,214$8,308
19 years$31,454$25,732$20,906$16,882$13,561$7,105
20 years$29,569$23,911$19,187$15,290$12,113$6,086
21 years$27,864$22,273$17,648$13,877$10,839$5,220
22 years$26,317$20,791$16,265$12,617$9,716$4,481
23 years$24,907$19,445$15,018$11,491$8,722$3,851
24 years$23,616$18,219$13,889$10,480$7,839$3,312
25 years$22,430$17,097$12,864$9,571$7,054$2,851
26 years$21,337$16,069$11,931$8,751$6,354$2,455
27 years$20,327$15,123$11,079$8,010$5,729$2,115
28 years$19,390$14,250$10,299$7,339$5,169$1,823
29 years$18,520$13,443$9,584$6,730$4,668$1,572
30 years$17,709$12,696$8,928$6,177$4,217$1,356
31 years$16,953$12,002$8,323$5,673$3,813$1,170
32 years$16,244$11,356$7,765$5,213$3,449$1,010
33 years$15,580$10,754$7,251$4,794$3,121$872
34 years$14,957$10,193$6,775$4,411$2,826$753
35 years$14,370$9,668$6,334$4,061$2,560$650
36 years$13,818$9,176$5,925$3,740$2,319$561
37 years$13,296$8,715$5,546$3,446$2,102$485
38 years$12,803$8,282$5,193$3,176$1,906$419
39 years$12,336$7,876$4,866$2,928$1,728$362
40 years$11,894$7,493$4,561$2,701$1,567$312
41 years$11,475$7,133$4,276$2,492$1,422$270
42 years$11,076$6,793$4,011$2,300$1,290$233
43 years$10,697$6,472$3,764$2,123$1,171$202
44 years$10,337$6,169$3,533$1,960$1,063$174
45 years$9,993$5,883$3,318$1,810$965$150
46 years$9,665$5,612$3,116$1,672$876$130
47 years$9,353$5,356$2,927$1,545$796$112
48 years$9,054$5,113$2,751$1,428$723$97
49 years$8,768$4,883$2,586$1,319$656$84
50 years$8,494$4,664$2,431$1,219$596$73

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 $5,265 every year, while hoping to spend $33,920 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: 81/8/11 Blend
44$8,700,000$8,700,000$8,700,000$8,700,000
45$9,592,831$9,131,731$8,996,881$10,351,408
46$10,535,209$9,543,095$9,262,186$11,261,023
47$11,572,573$9,973,479$9,535,241$12,254,257
48$12,714,575$10,423,780$9,816,272$13,343,475
49$13,971,852$10,894,935$10,105,507$14,538,276
50$15,356,123$11,387,929$10,403,184$15,849,230
51$16,880,304$11,903,793$10,709,547$17,287,980
52$18,558,623$12,443,607$11,024,844$18,867,347
53$20,406,761$13,008,503$11,349,335$20,601,451
54$22,441,996$13,599,665$11,683,284$22,505,846
55$24,683,369$14,218,338$12,026,963$24,597,662
56$27,151,859$14,865,823$12,380,653$26,895,767
57$29,870,585$15,543,484$12,744,641$29,420,945
58$32,865,021$16,252,752$13,119,223$32,196,090
59$36,163,241$16,995,124$13,504,705$35,246,419
60$39,796,178$17,772,172$13,901,398$38,599,712
61$43,797,919$18,585,539$14,309,626$42,286,572
62$48,206,027$19,436,951$14,729,719$46,340,710
63$53,061,896$20,328,215$15,162,019$50,799,264
64$58,411,137$21,261,225$15,606,874$55,703,149
65$64,304,013$22,237,966$16,064,645$61,097,437
66$70,795,914$23,260,518$16,535,701$67,031,787
67$77,947,874$24,331,061$17,020,425$73,560,907
68$85,827,154$25,451,879$17,519,206$80,745,069
69$94,507,872$26,625,369$18,032,447$88,650,681
70$104,071,702$27,854,040$18,560,562$97,350,906
71$114,608,650$29,140,522$19,103,975$106,926,352
72$126,217,899$30,487,574$19,663,124$117,465,833
73$139,008,744$31,898,084$20,238,458$129,067,204
74$153,101,629$33,375,084$20,830,440$141,838,282
75$168,629,279$34,921,747$21,439,543$155,897,859
76$185,737,955$36,541,402$22,066,258$171,376,827
77$204,588,833$38,237,537$22,711,084$188,419,405
78$225,359,528$40,013,810$23,374,539$207,184,500
79$248,245,766$41,874,053$24,057,152$227,847,205
80$273,463,237$43,822,285$24,759,470$250,600,448
81$301,249,626$45,862,716$25,482,051$275,656,809
82$331,866,862$47,999,763$26,225,473$303,250,526
83$365,603,583$50,238,052$26,990,328$333,639,701
84$402,777,868$52,582,436$27,777,224$367,108,734
85$443,740,236$55,038,001$28,586,786$403,971,002
86$488,876,955$57,610,078$29,419,658$444,571,817
87$538,613,688$60,304,256$30,276,500$489,291,680
88$593,419,513$63,126,393$31,157,993$538,549,869
89$653,811,351$66,082,634$32,064,832$592,808,390
90$720,358,842$69,179,416$32,997,737$652,576,339
91$793,689,727$72,423,490$33,957,445$718,414,702
92$874,495,772$75,821,935$34,944,712$790,941,644
93$963,539,299$79,382,168$35,960,318$870,838,338
94$1,061,660,382$83,111,969$37,005,064$958,855,396
95$1,169,784,778$87,019,492$38,079,770$1,055,819,947
96$1,288,932,666$91,113,288$39,185,283$1,162,643,435
97$1,420,228,278$95,402,319$40,322,471$1,280,330,225
98$1,564,910,514$99,895,985$41,492,225$1,409,987,073
99$1,724,344,636$104,604,137$42,695,463$1,552,833,571
100$1,900,035,154$109,537,105$43,933,128$1,710,213,651