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%19.6%
1 years$726,696$720,223$713,907$707,743$701,724$674,682
2 years$359,750$353,050$346,557$340,261$334,154$307,232
3 years$237,451$230,722$224,245$218,009$212,001$186,047
4 years$176,314$169,605$163,193$157,063$151,201$126,411
5 years$139,641$132,973$126,645$120,639$114,941$91,380
6 years$115,200$108,582$102,348$96,476$90,949$68,632
7 years$97,749$91,187$85,051$79,318$73,966$52,887
8 years$84,667$78,164$72,130$66,538$61,362$41,500
9 years$74,498$68,056$62,126$56,676$51,675$33,001
10 years$66,367$59,988$54,163$48,855$44,030$26,509
11 years$59,718$53,404$47,684$42,519$37,867$21,460
12 years$54,182$47,932$42,318$37,295$32,815$17,478
13 years$49,501$43,317$37,809$32,925$28,615$14,304
14 years$45,493$39,374$33,971$29,228$25,084$11,752
15 years$42,022$35,969$30,671$26,066$22,086$9,685
16 years$38,987$33,001$27,808$23,339$19,520$8,001
17 years$36,313$30,392$25,304$20,970$17,307$6,625
18 years$33,938$28,084$23,100$18,898$15,389$5,494
19 years$31,816$26,028$21,147$17,076$13,717$4,562
20 years$29,908$24,186$19,407$15,466$12,252$3,793
21 years$28,185$22,529$17,851$14,036$10,964$3,157
22 years$26,620$21,030$16,452$12,762$9,828$2,629
23 years$25,193$19,669$15,191$11,623$8,822$2,191
24 years$23,887$18,428$14,049$10,601$7,929$1,827
25 years$22,688$17,294$13,012$9,681$7,135$1,524
26 years$21,582$16,254$12,068$8,852$6,427$1,272
27 years$20,560$15,296$11,206$8,102$5,795$1,062
28 years$19,613$14,414$10,418$7,423$5,229$887
29 years$18,733$13,598$9,695$6,807$4,721$741
30 years$17,913$12,842$9,030$6,248$4,266$619
31 years$17,147$12,140$8,419$5,738$3,857$517
32 years$16,431$11,487$7,855$5,273$3,489$432
33 years$15,760$10,878$7,334$4,849$3,157$361
34 years$15,129$10,310$6,852$4,462$2,859$302
35 years$14,536$9,779$6,407$4,107$2,589$252
36 years$13,976$9,281$5,993$3,783$2,346$211
37 years$13,449$8,815$5,609$3,485$2,126$176
38 years$12,950$8,378$5,253$3,212$1,928$147
39 years$12,478$7,966$4,922$2,962$1,748$123
40 years$12,031$7,579$4,613$2,732$1,585$103
41 years$11,607$7,215$4,325$2,521$1,438$86
42 years$11,204$6,871$4,057$2,326$1,305$72
43 years$10,820$6,547$3,807$2,147$1,185$60
44 years$10,456$6,240$3,574$1,983$1,075$50
45 years$10,108$5,951$3,356$1,831$976$42
46 years$9,777$5,677$3,152$1,691$886$35
47 years$9,460$5,417$2,961$1,563$805$29
48 years$9,158$5,172$2,783$1,444$731$25
49 years$8,869$4,939$2,615$1,335$664$21
50 years$8,592$4,718$2,459$1,233$603$17

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 $4,480 every year, while hoping to spend $47,045 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: 50/21/29 Blend
44$8,800,000$8,800,000$8,800,000$8,800,000
45$9,702,221$9,235,821$9,099,421$10,107,388
46$10,641,792$9,638,321$9,354,196$10,794,000
47$11,675,623$10,058,966$9,615,930$11,534,862
48$12,813,278$10,498,597$9,884,804$12,339,258
49$14,065,296$10,958,092$10,161,009$13,213,243
50$15,443,289$11,438,372$10,444,736$14,163,479
51$16,960,052$11,940,400$10,736,183$15,197,285
52$18,629,685$12,465,186$11,035,552$16,322,714
53$20,467,720$13,013,788$11,343,051$17,548,620
54$22,491,276$13,587,313$11,658,892$18,884,742
55$24,719,215$14,186,919$11,983,292$20,341,795
56$27,172,318$14,813,821$12,316,476$21,931,563
57$29,873,488$15,469,292$12,658,671$23,667,015
58$32,847,959$16,154,663$13,010,112$25,562,419
59$36,123,539$16,871,329$13,371,039$27,633,475
60$39,730,868$17,620,752$13,741,697$29,897,463
61$43,703,710$18,404,463$14,122,338$32,373,400
62$48,079,272$19,224,066$14,513,220$35,082,216
63$52,898,552$20,081,238$14,914,606$38,046,951
64$58,206,726$20,977,741$15,326,768$41,292,966
65$64,053,579$21,915,417$15,749,981$44,848,182
66$70,493,968$22,896,197$16,184,529$48,743,335
67$77,588,345$23,922,103$16,630,704$53,012,266
68$85,403,324$24,995,254$17,088,800$57,692,238
69$94,012,312$26,117,870$17,559,124$62,824,275
70$103,496,199$27,292,276$18,041,985$68,453,556
71$113,944,123$28,520,910$18,537,703$74,629,828
72$125,454,311$29,806,322$19,046,604$81,407,874
73$138,135,007$31,151,188$19,569,022$88,848,025
74$152,105,492$32,558,310$20,105,298$97,016,726
75$167,497,208$34,030,624$20,655,782$105,987,152
76$184,455,004$35,571,205$21,220,831$115,839,901
77$203,138,497$37,183,276$21,800,811$126,663,741
78$223,723,582$38,870,215$22,396,097$138,556,448
79$246,404,092$40,635,560$23,007,071$151,625,717
80$271,393,626$42,483,020$23,634,124$165,990,176
81$298,927,566$44,416,479$24,277,658$181,780,497
82$329,265,300$46,440,008$24,938,082$199,140,622
83$362,692,668$48,557,875$25,615,815$218,229,115
84$399,524,659$50,774,550$26,311,284$239,220,649
85$440,108,390$53,094,719$27,024,927$262,307,648
86$484,826,376$55,523,290$27,757,192$287,702,094
87$534,100,145$58,065,410$28,508,537$315,637,521
88$588,394,214$60,726,470$29,279,428$346,371,205
89$648,220,479$63,512,122$30,070,343$380,186,589
90$714,143,039$66,428,287$30,881,771$417,395,944
91$786,783,528$69,481,172$31,714,210$458,343,306
92$866,826,982$72,677,283$32,568,169$503,407,717
93$955,028,300$76,023,437$33,444,170$553,006,784
94$1,052,219,380$79,526,778$34,342,742$607,600,617
95$1,159,316,963$83,194,797$35,264,430$667,696,153
96$1,277,331,292$87,035,341$36,209,788$733,851,931
97$1,407,375,649$91,056,638$37,179,381$806,683,353
98$1,550,676,863$95,267,310$38,173,787$886,868,473
99$1,708,586,890$99,676,395$39,193,596$975,154,389
100$1,882,595,581$104,293,367$40,239,410$1,072,364,276