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%16.5%
1 years$726,696$720,223$713,907$707,743$701,724$683,098
2 years$359,750$353,050$346,557$340,261$334,154$315,519
3 years$237,451$230,722$224,245$218,009$212,001$193,939
4 years$176,314$169,605$163,193$157,063$151,201$133,852
5 years$139,641$132,973$126,645$120,639$114,941$98,352
6 years$115,200$108,582$102,348$96,476$90,949$75,136
7 years$97,749$91,187$85,051$79,318$73,966$58,931
8 years$84,667$78,164$72,130$66,538$61,362$47,097
9 years$74,498$68,056$62,126$56,676$51,675$38,168
10 years$66,367$59,988$54,163$48,855$44,030$31,263
11 years$59,718$53,404$47,684$42,519$37,867$25,820
12 years$54,182$47,932$42,318$37,295$32,815$21,467
13 years$49,501$43,317$37,809$32,925$28,615$17,943
14 years$45,493$39,374$33,971$29,228$25,084$15,062
15 years$42,022$35,969$30,671$26,066$22,086$12,688
16 years$38,987$33,001$27,808$23,339$19,520$10,720
17 years$36,313$30,392$25,304$20,970$17,307$9,080
18 years$33,938$28,084$23,100$18,898$15,389$7,706
19 years$31,816$26,028$21,147$17,076$13,717$6,551
20 years$29,908$24,186$19,407$15,466$12,252$5,577
21 years$28,185$22,529$17,851$14,036$10,964$4,754
22 years$26,620$21,030$16,452$12,762$9,828$4,057
23 years$25,193$19,669$15,191$11,623$8,822$3,464
24 years$23,887$18,428$14,049$10,601$7,929$2,961
25 years$22,688$17,294$13,012$9,681$7,135$2,532
26 years$21,582$16,254$12,068$8,852$6,427$2,167
27 years$20,560$15,296$11,206$8,102$5,795$1,855
28 years$19,613$14,414$10,418$7,423$5,229$1,588
29 years$18,733$13,598$9,695$6,807$4,721$1,361
30 years$17,913$12,842$9,030$6,248$4,266$1,166
31 years$17,147$12,140$8,419$5,738$3,857$999
32 years$16,431$11,487$7,855$5,273$3,489$857
33 years$15,760$10,878$7,334$4,849$3,157$735
34 years$15,129$10,310$6,852$4,462$2,859$630
35 years$14,536$9,779$6,407$4,107$2,589$540
36 years$13,976$9,281$5,993$3,783$2,346$463
37 years$13,449$8,815$5,609$3,485$2,126$398
38 years$12,950$8,378$5,253$3,212$1,928$341
39 years$12,478$7,966$4,922$2,962$1,748$293
40 years$12,031$7,579$4,613$2,732$1,585$251
41 years$11,607$7,215$4,325$2,521$1,438$215
42 years$11,204$6,871$4,057$2,326$1,305$185
43 years$10,820$6,547$3,807$2,147$1,185$159
44 years$10,456$6,240$3,574$1,983$1,075$136
45 years$10,108$5,951$3,356$1,831$976$117
46 years$9,777$5,677$3,152$1,691$886$100
47 years$9,460$5,417$2,961$1,563$805$86
48 years$9,158$5,172$2,783$1,444$731$74
49 years$8,869$4,939$2,615$1,335$664$63
50 years$8,592$4,718$2,459$1,233$603$54

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 $4,755 every year, while hoping to spend $56,639 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: 69/10/21 Blend
44$8,800,000$8,800,000$8,800,000$8,800,000
45$9,702,505$9,236,105$9,099,705$10,321,009
46$10,631,897$9,628,410$9,344,281$11,127,299
47$11,654,189$10,038,041$9,595,153$12,002,203
48$12,778,796$10,465,785$9,852,471$12,958,211
49$14,016,093$10,912,469$10,116,389$14,003,330
50$15,377,512$11,378,957$10,387,065$15,146,378
51$16,875,646$11,866,154$10,664,660$16,397,060
52$18,524,373$12,375,006$10,949,337$17,766,066
53$20,338,984$12,906,506$11,241,264$19,265,160
54$22,336,327$13,461,691$11,540,613$20,907,302
55$24,534,965$14,041,647$11,847,557$22,706,758
56$26,955,355$14,647,512$12,162,274$24,679,240
57$29,620,037$15,280,475$12,484,945$26,842,053
58$32,553,846$15,941,783$12,815,756$29,214,251
59$35,784,149$16,632,742$13,154,894$31,816,822
60$39,341,102$17,354,716$13,502,553$34,672,881
61$43,257,934$18,109,137$13,858,928$37,807,888
62$47,571,260$18,897,501$14,224,219$41,249,883
63$52,321,427$19,721,377$14,598,629$45,029,757
64$57,552,895$20,582,407$14,982,366$49,181,532
65$63,314,655$21,482,310$15,375,640$53,742,686
66$69,660,693$22,422,887$15,778,667$58,754,506
67$76,650,497$23,406,022$16,191,666$64,262,470
68$84,349,620$24,433,689$16,614,859$70,316,678
69$92,830,298$25,507,956$17,048,474$76,972,326
70$102,172,131$26,630,989$17,492,740$84,290,215
71$112,462,835$27,805,054$17,947,893$92,337,333
72$123,799,069$29,032,526$18,414,173$101,187,479
73$136,287,347$30,315,893$18,891,821$110,921,957
74$150,045,044$31,657,759$19,381,084$121,630,345
75$165,201,502$33,060,853$19,882,214$133,411,332
76$181,899,253$34,528,032$20,395,465$146,373,652
77$200,295,361$36,062,290$20,921,097$160,637,105
78$220,562,907$37,666,761$21,459,373$176,333,684
79$242,892,621$39,344,730$22,010,560$193,608,820
80$267,494,683$41,099,637$22,574,929$212,622,748
81$294,600,707$42,935,086$23,152,755$233,552,022
82$324,465,925$44,854,850$23,744,318$256,591,172
83$357,371,597$46,862,886$24,349,901$281,954,540
84$393,627,667$48,963,335$24,969,790$309,878,298
85$433,575,688$51,160,537$25,604,276$340,622,674
86$477,592,044$53,459,039$26,253,655$374,474,405
87$526,091,505$55,863,604$26,918,225$411,749,439
88$579,531,140$58,379,222$27,598,288$452,795,912
89$638,414,635$61,011,123$28,294,149$497,997,432
90$703,297,043$63,764,783$29,006,118$547,776,691
91$774,790,026$66,645,942$29,734,507$602,599,457
92$853,567,629$69,660,613$30,479,634$662,978,959
93$940,372,642$72,815,098$31,241,816$729,480,731
94$1,036,023,610$76,115,997$32,021,376$802,727,942
95$1,141,422,566$79,570,229$32,818,640$883,407,275
96$1,257,563,539$83,185,041$33,633,935$972,275,404
97$1,385,541,941$86,968,029$34,467,593$1,070,166,126
98$1,526,564,908$90,927,151$35,319,946$1,177,998,232
99$1,681,962,694$95,070,747$36,191,330$1,296,784,169
100$1,853,201,233$99,407,557$37,082,083$1,427,639,593