Can I retire at age 45 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$726,696$720,223$713,907$707,743$701,724$673,617
2 years$359,750$353,050$346,557$340,261$334,154$306,189
3 years$237,451$230,722$224,245$218,009$212,001$185,060
4 years$176,314$169,605$163,193$157,063$151,201$125,487
5 years$139,641$132,973$126,645$120,639$114,941$90,520
6 years$115,200$108,582$102,348$96,476$90,949$67,837
7 years$97,749$91,187$85,051$79,318$73,966$52,154
8 years$84,667$78,164$72,130$66,538$61,362$40,828
9 years$74,498$68,056$62,126$56,676$51,675$32,387
10 years$66,367$59,988$54,163$48,855$44,030$25,950
11 years$59,718$53,404$47,684$42,519$37,867$20,952
12 years$54,182$47,932$42,318$37,295$32,815$17,019
13 years$49,501$43,317$37,809$32,925$28,615$13,890
14 years$45,493$39,374$33,971$29,228$25,084$11,379
15 years$42,022$35,969$30,671$26,066$22,086$9,351
16 years$38,987$33,001$27,808$23,339$19,520$7,704
17 years$36,313$30,392$25,304$20,970$17,307$6,359
18 years$33,938$28,084$23,100$18,898$15,389$5,258
19 years$31,816$26,028$21,147$17,076$13,717$4,353
20 years$29,908$24,186$19,407$15,466$12,252$3,608
21 years$28,185$22,529$17,851$14,036$10,964$2,994
22 years$26,620$21,030$16,452$12,762$9,828$2,485
23 years$25,193$19,669$15,191$11,623$8,822$2,065
24 years$23,887$18,428$14,049$10,601$7,929$1,716
25 years$22,688$17,294$13,012$9,681$7,135$1,427
26 years$21,582$16,254$12,068$8,852$6,427$1,187
27 years$20,560$15,296$11,206$8,102$5,795$988
28 years$19,613$14,414$10,418$7,423$5,229$822
29 years$18,733$13,598$9,695$6,807$4,721$685
30 years$17,913$12,842$9,030$6,248$4,266$570
31 years$17,147$12,140$8,419$5,738$3,857$475
32 years$16,431$11,487$7,855$5,273$3,489$395
33 years$15,760$10,878$7,334$4,849$3,157$329
34 years$15,129$10,310$6,852$4,462$2,859$274
35 years$14,536$9,779$6,407$4,107$2,589$228
36 years$13,976$9,281$5,993$3,783$2,346$190
37 years$13,449$8,815$5,609$3,485$2,126$159
38 years$12,950$8,378$5,253$3,212$1,928$132
39 years$12,478$7,966$4,922$2,962$1,748$110
40 years$12,031$7,579$4,613$2,732$1,585$92
41 years$11,607$7,215$4,325$2,521$1,438$76
42 years$11,204$6,871$4,057$2,326$1,305$64
43 years$10,820$6,547$3,807$2,147$1,185$53
44 years$10,456$6,240$3,574$1,983$1,075$44
45 years$10,108$5,951$3,356$1,831$976$37
46 years$9,777$5,677$3,152$1,691$886$31
47 years$9,460$5,417$2,961$1,563$805$26
48 years$9,158$5,172$2,783$1,444$731$21
49 years$8,869$4,939$2,615$1,335$664$18
50 years$8,592$4,718$2,459$1,233$603$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,800,000, adding $5,812 every year, while hoping to spend $21,368 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: 66/6/28 Blend
44$8,800,000$8,800,000$8,800,000$8,800,000
45$9,703,595$9,237,195$9,100,795$10,272,118
46$10,670,626$9,667,082$9,382,936$11,086,451
47$11,735,579$10,117,318$9,673,813$11,973,581
48$12,908,417$10,588,876$9,973,696$12,943,129
49$14,200,124$11,082,779$10,282,862$14,003,226
50$15,622,798$11,600,097$10,601,600$15,162,824
51$17,189,775$12,141,952$10,930,204$16,431,778
52$18,915,746$12,709,523$11,268,981$17,820,937
53$20,816,904$13,304,041$11,618,244$19,342,244
54$22,911,091$13,926,802$11,978,317$21,008,853
55$25,217,967$14,579,159$12,349,535$22,835,246
56$27,759,197$15,262,536$12,732,242$24,837,368
57$30,558,656$15,978,421$13,126,793$27,032,782
58$33,642,653$16,728,377$13,533,555$29,440,825
59$37,040,178$17,514,043$13,952,904$32,082,797
60$40,783,179$18,337,133$14,385,229$34,982,153
61$44,906,860$19,199,450$14,830,931$38,164,729
62$49,450,017$20,102,880$15,290,424$41,658,979
63$54,455,399$21,049,402$15,764,134$45,496,243
64$59,970,117$22,041,090$16,252,500$49,711,045
65$66,046,085$23,080,119$16,755,974$54,341,409
66$72,740,510$24,168,770$17,275,024$59,429,224
67$80,116,436$25,309,432$17,810,130$65,020,630
68$88,243,331$26,504,614$18,361,789$71,166,457
69$97,197,754$27,756,942$18,930,512$77,922,699
70$107,064,065$29,069,174$19,516,825$85,351,040
71$117,935,234$30,444,197$20,121,272$93,519,437
72$129,913,706$31,885,041$20,744,413$102,502,754
73$143,112,378$33,394,882$21,386,825$112,383,471
74$157,655,660$34,977,051$22,049,103$123,252,455
75$173,680,651$36,635,039$22,731,861$135,209,817
76$191,338,430$38,372,509$23,435,731$148,365,855
77$210,795,486$40,193,299$24,161,365$162,842,091
78$232,235,290$42,101,434$24,909,434$178,772,412
79$255,860,021$44,101,136$25,680,632$196,304,336
80$281,892,482$46,196,830$26,475,672$215,600,396
81$310,578,198$48,393,158$27,295,290$236,839,672
82$342,187,736$50,694,985$28,140,244$260,219,481
83$377,019,260$53,107,414$29,011,318$285,957,228
84$415,401,344$55,635,796$29,909,316$314,292,464
85$457,696,073$58,285,742$30,835,069$345,489,134
86$504,302,463$61,063,135$31,789,435$379,838,068
87$555,660,229$63,974,143$32,773,296$417,659,725
88$612,253,933$67,025,237$33,787,563$459,307,205
89$674,617,561$70,223,200$34,833,172$505,169,587
90$743,339,560$73,575,145$35,911,092$555,675,588
91$819,068,401$77,088,532$37,022,319$611,297,611
92$902,518,691$80,771,184$38,167,880$672,556,195
93$994,477,929$84,631,303$39,348,835$740,024,926
94$1,095,813,932$88,677,492$40,566,276$814,335,843
95$1,207,483,035$92,918,770$41,821,327$896,185,400
96$1,330,539,112$97,364,597$43,115,149$986,341,033
97$1,466,143,532$102,024,893$44,448,938$1,085,648,400
98$1,615,576,121$106,910,061$45,823,925$1,195,039,354
99$1,780,247,240$112,031,010$47,241,382$1,315,540,735
100$1,961,711,109$117,399,179$48,702,618$1,448,284,056