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%18.5%
1 years$718,438$712,038$705,795$699,701$693,750$669,935
2 years$355,662$349,038$342,619$336,395$330,357$306,606
3 years$234,753$228,100$221,697$215,531$209,592$186,652
4 years$174,310$167,678$161,339$155,278$149,483$127,528
5 years$138,054$131,462$125,205$119,269$113,635$92,724
6 years$113,891$107,348$101,185$95,380$89,915$70,064
7 years$96,638$90,151$84,085$78,417$73,125$54,331
8 years$83,705$77,276$71,311$65,782$60,664$42,912
9 years$73,651$67,283$61,420$56,032$51,088$34,356
10 years$65,612$59,306$53,547$48,300$43,530$27,790
11 years$59,040$52,797$47,142$42,035$37,437$22,658
12 years$53,566$47,388$41,837$36,871$32,442$18,590
13 years$48,939$42,825$37,379$32,551$28,290$15,329
14 years$44,976$38,926$33,585$28,895$24,799$12,691
15 years$41,544$35,560$30,323$25,770$21,835$10,541
16 years$38,544$32,626$27,492$23,074$19,298$8,779
17 years$35,900$30,047$25,017$20,732$17,111$7,327
18 years$33,553$27,765$22,837$18,683$15,214$6,127
19 years$31,454$25,732$20,906$16,882$13,561$5,131
20 years$29,569$23,911$19,187$15,290$12,113$4,302
21 years$27,864$22,273$17,648$13,877$10,839$3,611
22 years$26,317$20,791$16,265$12,617$9,716$3,033
23 years$24,907$19,445$15,018$11,491$8,722$2,550
24 years$23,616$18,219$13,889$10,480$7,839$2,145
25 years$22,430$17,097$12,864$9,571$7,054$1,805
26 years$21,337$16,069$11,931$8,751$6,354$1,520
27 years$20,327$15,123$11,079$8,010$5,729$1,280
28 years$19,390$14,250$10,299$7,339$5,169$1,079
29 years$18,520$13,443$9,584$6,730$4,668$909
30 years$17,709$12,696$8,928$6,177$4,217$766
31 years$16,953$12,002$8,323$5,673$3,813$646
32 years$16,244$11,356$7,765$5,213$3,449$545
33 years$15,580$10,754$7,251$4,794$3,121$459
34 years$14,957$10,193$6,775$4,411$2,826$387
35 years$14,370$9,668$6,334$4,061$2,560$327
36 years$13,818$9,176$5,925$3,740$2,319$276
37 years$13,296$8,715$5,546$3,446$2,102$233
38 years$12,803$8,282$5,193$3,176$1,906$196
39 years$12,336$7,876$4,866$2,928$1,728$165
40 years$11,894$7,493$4,561$2,701$1,567$140
41 years$11,475$7,133$4,276$2,492$1,422$118
42 years$11,076$6,793$4,011$2,300$1,290$99
43 years$10,697$6,472$3,764$2,123$1,171$84
44 years$10,337$6,169$3,533$1,960$1,063$71
45 years$9,993$5,883$3,318$1,810$965$60
46 years$9,665$5,612$3,116$1,672$876$50
47 years$9,353$5,356$2,927$1,545$796$43
48 years$9,054$5,113$2,751$1,428$723$36
49 years$8,768$4,883$2,586$1,319$656$30
50 years$8,494$4,664$2,431$1,219$596$26

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 $6,086 every year, while hoping to spend $37,021 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: 33/49/18 Blend
44$8,700,000$8,700,000$8,700,000$8,700,000
45$9,593,678$9,132,578$8,997,728$9,856,520
46$10,532,843$9,540,684$9,259,762$10,459,483
47$11,566,562$9,967,547$9,529,333$11,105,044
48$12,704,440$10,414,046$9,806,655$11,800,022
49$13,957,063$10,881,103$10,091,947$12,548,780
50$15,336,090$11,369,684$10,385,434$13,356,097
51$16,854,374$11,880,802$10,687,349$14,227,210
52$18,526,074$12,415,515$10,997,929$15,167,858
53$20,366,793$12,974,934$11,317,419$16,184,331
54$22,393,723$13,560,223$11,646,070$17,283,526
55$24,625,810$14,172,602$11,984,140$18,473,008
56$27,083,930$14,813,346$12,331,896$19,761,074
57$29,791,086$15,483,795$12,689,610$21,156,829
58$32,772,626$16,185,351$13,057,562$22,670,264
59$36,056,484$16,919,483$13,436,039$24,312,346
60$39,673,438$17,687,730$13,825,339$26,095,114
61$43,657,406$18,491,706$14,225,766$28,031,789
62$48,045,763$19,333,101$14,637,630$30,136,889
63$52,879,694$20,213,687$15,061,254$32,426,363
64$58,204,584$21,135,319$15,496,968$34,917,730
65$64,070,445$22,099,942$15,945,109$37,630,241
66$70,532,386$23,109,595$16,406,026$40,585,049
67$77,651,138$24,166,415$16,880,077$43,805,405
68$85,493,624$25,272,638$17,367,629$47,316,864
69$94,133,588$26,430,612$17,869,058$51,147,521
70$103,652,296$27,642,794$18,384,754$55,328,264
71$114,139,300$28,911,761$18,915,114$59,893,059
72$125,693,285$30,240,213$19,460,546$64,879,257
73$138,422,997$31,630,980$20,021,471$70,327,938
74$152,448,273$33,087,029$20,598,321$76,284,288
75$167,901,170$34,611,467$21,191,538$82,798,009
76$184,927,213$36,207,552$21,801,578$89,923,784
77$203,686,766$37,878,699$22,428,908$97,721,772
78$224,356,548$39,628,488$23,074,009$106,258,168
79$247,131,301$41,460,668$23,737,373$115,605,813
80$272,225,625$43,379,173$24,419,506$125,844,863
81$299,876,009$45,388,122$25,120,930$137,063,534
82$330,343,058$47,491,837$25,842,177$149,358,919
83$363,913,957$49,694,844$26,583,797$162,837,885
84$400,905,178$52,001,889$27,346,352$177,618,063
85$441,665,472$54,417,947$28,130,421$193,828,947
86$486,579,157$56,948,233$28,936,596$211,613,088
87$536,069,747$59,598,213$29,765,489$231,127,424
88$590,603,953$62,373,617$30,617,724$252,544,742
89$650,696,083$65,280,451$31,493,945$276,055,282
90$716,912,902$68,325,011$32,394,810$301,868,513
91$789,878,979$71,513,898$33,320,998$330,215,084
92$870,282,587$74,854,031$34,273,203$361,348,980
93$958,882,195$78,352,663$35,252,140$395,549,886
94$1,056,513,633$82,017,397$36,258,540$433,125,805
95$1,164,097,980$85,856,206$37,293,157$474,415,934
96$1,282,650,258$89,877,444$38,356,763$519,793,837
97$1,413,289,019$94,089,873$39,450,149$569,670,934
98$1,557,246,899$98,502,677$40,574,129$624,500,361
99$1,715,882,258$103,125,484$41,729,538$684,781,202
100$1,890,692,004$107,968,388$42,917,233$751,063,171