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%13.6%
1 years$718,438$712,038$705,795$699,701$693,750$683,383
2 years$355,662$349,038$342,619$336,395$330,357$319,936
3 years$234,753$228,100$221,697$215,531$209,592$199,441
4 years$174,310$167,678$161,339$155,278$149,483$139,680
5 years$138,054$131,462$125,205$119,269$113,635$104,208
6 years$113,891$107,348$101,185$95,380$89,915$80,876
7 years$96,638$90,151$84,085$78,417$73,125$64,477
8 years$83,705$77,276$71,311$65,782$60,664$52,405
9 years$73,651$67,283$61,420$56,032$51,088$43,214
10 years$65,612$59,306$53,547$48,300$43,530$36,035
11 years$59,040$52,797$47,142$42,035$37,437$30,314
12 years$53,566$47,388$41,837$36,871$32,442$25,682
13 years$48,939$42,825$37,379$32,551$28,290$21,883
14 years$44,976$38,926$33,585$28,895$24,799$18,735
15 years$41,544$35,560$30,323$25,770$21,835$16,104
16 years$38,544$32,626$27,492$23,074$19,298$13,888
17 years$35,900$30,047$25,017$20,732$17,111$12,010
18 years$33,553$27,765$22,837$18,683$15,214$10,411
19 years$31,454$25,732$20,906$16,882$13,561$9,044
20 years$29,569$23,911$19,187$15,290$12,113$7,869
21 years$27,864$22,273$17,648$13,877$10,839$6,858
22 years$26,317$20,791$16,265$12,617$9,716$5,984
23 years$24,907$19,445$15,018$11,491$8,722$5,227
24 years$23,616$18,219$13,889$10,480$7,839$4,571
25 years$22,430$17,097$12,864$9,571$7,054$4,000
26 years$21,337$16,069$11,931$8,751$6,354$3,503
27 years$20,327$15,123$11,079$8,010$5,729$3,070
28 years$19,390$14,250$10,299$7,339$5,169$2,692
29 years$18,520$13,443$9,584$6,730$4,668$2,361
30 years$17,709$12,696$8,928$6,177$4,217$2,072
31 years$16,953$12,002$8,323$5,673$3,813$1,819
32 years$16,244$11,356$7,765$5,213$3,449$1,598
33 years$15,580$10,754$7,251$4,794$3,121$1,404
34 years$14,957$10,193$6,775$4,411$2,826$1,233
35 years$14,370$9,668$6,334$4,061$2,560$1,084
36 years$13,818$9,176$5,925$3,740$2,319$953
37 years$13,296$8,715$5,546$3,446$2,102$838
38 years$12,803$8,282$5,193$3,176$1,906$737
39 years$12,336$7,876$4,866$2,928$1,728$648
40 years$11,894$7,493$4,561$2,701$1,567$570
41 years$11,475$7,133$4,276$2,492$1,422$501
42 years$11,076$6,793$4,011$2,300$1,290$441
43 years$10,697$6,472$3,764$2,123$1,171$388
44 years$10,337$6,169$3,533$1,960$1,063$341
45 years$9,993$5,883$3,318$1,810$965$300
46 years$9,665$5,612$3,116$1,672$876$264
47 years$9,353$5,356$2,927$1,545$796$233
48 years$9,054$5,113$2,751$1,428$723$205
49 years$8,768$4,883$2,586$1,319$656$180
50 years$8,494$4,664$2,431$1,219$596$158

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 $6,104 every year, while hoping to spend $54,928 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: 76/19/5 Blend
44$8,700,000$8,700,000$8,700,000$8,700,000
45$9,593,696$9,132,596$8,997,746$10,319,532
46$10,513,810$9,521,651$9,240,728$11,185,974
47$11,525,935$9,927,927$9,490,008$12,127,668
48$12,639,398$10,352,213$9,745,741$13,158,162
49$13,864,475$10,795,330$10,008,081$14,286,236
50$15,212,489$11,258,139$10,277,190$15,521,553
51$16,695,916$11,741,542$10,553,230$16,874,749
52$18,328,504$12,246,481$10,836,367$18,357,535
53$20,125,398$12,773,945$11,126,772$19,982,801
54$22,103,288$13,324,968$11,424,618$21,764,741
55$24,280,563$13,900,631$11,730,083$23,718,982
56$26,677,487$14,502,068$12,043,346$25,862,729
57$29,316,386$15,130,466$12,364,594$28,214,929
58$32,221,864$15,787,065$12,694,015$30,796,443
59$35,421,030$16,473,166$13,031,800$33,630,247
60$38,943,755$17,190,132$13,378,145$36,741,639
61$42,822,956$17,939,387$13,733,251$40,158,484
62$47,094,905$18,722,423$14,097,322$43,911,466
63$51,799,568$19,540,805$14,470,566$48,034,382
64$56,980,988$20,396,169$14,853,194$52,564,456
65$62,687,696$21,290,228$15,245,423$57,542,686
66$68,973,169$22,224,777$15,647,472$63,014,230
67$75,896,337$23,201,696$16,059,568$69,028,830
68$83,522,138$24,222,954$16,481,937$75,641,275
69$91,922,127$25,290,610$16,914,814$82,911,921
70$101,175,159$26,406,825$17,358,435$90,907,249
71$111,368,125$27,573,859$17,813,042$99,700,498
72$122,596,776$28,794,080$18,278,881$109,372,346
73$134,966,626$30,069,969$18,756,203$120,011,671
74$148,593,948$31,404,123$19,245,261$131,716,384
75$163,606,869$32,799,264$19,746,316$144,594,352
76$180,146,583$34,258,241$20,259,631$158,764,408
77$198,368,680$35,784,040$20,785,474$174,357,472
78$218,444,616$37,379,789$21,324,118$191,517,779
79$240,563,331$39,048,763$21,875,840$210,404,238
80$264,933,031$40,794,393$22,440,922$231,191,925
81$291,783,157$42,620,275$23,019,649$254,073,732
82$321,366,545$44,530,174$23,612,313$279,262,181
83$353,961,815$46,528,035$24,219,208$306,991,425
84$389,876,004$48,617,992$24,840,635$337,519,451
85$429,447,457$50,804,375$25,476,897$371,130,511
86$473,049,028$53,091,719$26,128,304$408,137,796
87$521,091,593$55,484,778$26,795,167$448,886,390
88$574,027,935$57,988,532$27,477,804$493,756,515
89$632,357,011$60,608,197$28,176,537$543,167,114
90$696,628,667$63,349,239$28,891,692$597,579,803
91$767,448,826$66,217,387$29,623,599$657,503,212
92$845,485,208$69,218,641$30,372,591$723,497,785
93$931,473,635$72,359,289$31,139,008$796,181,057
94$1,026,224,972$75,645,921$31,923,191$876,233,478
95$1,130,632,788$79,085,440$32,725,487$964,404,823
96$1,245,681,786$82,685,080$33,546,245$1,061,521,262
97$1,372,457,103$86,452,424$34,385,819$1,168,493,148
98$1,512,154,549$90,395,414$35,244,565$1,286,323,598
99$1,666,091,899$94,522,375$36,122,844$1,416,117,955
100$1,835,721,333$98,842,032$37,021,019$1,559,094,206