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

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$726,696$720,223$713,907$707,743$701,724$698,768
2 years$359,750$353,050$346,557$340,261$334,154$331,169
3 years$237,451$230,722$224,245$218,009$212,001$209,080
4 years$176,314$169,605$163,193$157,063$151,201$148,367
5 years$139,641$132,973$126,645$120,639$114,941$112,201
6 years$115,200$108,582$102,348$96,476$90,949$88,308
7 years$97,749$91,187$85,051$79,318$73,966$71,425
8 years$84,667$78,164$72,130$66,538$61,362$58,921
9 years$74,498$68,056$62,126$56,676$51,675$49,334
10 years$66,367$59,988$54,163$48,855$44,030$41,787
11 years$59,718$53,404$47,684$42,519$37,867$35,722
12 years$54,182$47,932$42,318$37,295$32,815$30,765
13 years$49,501$43,317$37,809$32,925$28,615$26,659
14 years$45,493$39,374$33,971$29,228$25,084$23,219
15 years$42,022$35,969$30,671$26,066$22,086$20,310
16 years$38,987$33,001$27,808$23,339$19,520$17,830
17 years$36,313$30,392$25,304$20,970$17,307$15,702
18 years$33,938$28,084$23,100$18,898$15,389$13,866
19 years$31,816$26,028$21,147$17,076$13,717$12,272
20 years$29,908$24,186$19,407$15,466$12,252$10,884
21 years$28,185$22,529$17,851$14,036$10,964$9,669
22 years$26,620$21,030$16,452$12,762$9,828$8,604
23 years$25,193$19,669$15,191$11,623$8,822$7,666
24 years$23,887$18,428$14,049$10,601$7,929$6,839
25 years$22,688$17,294$13,012$9,681$7,135$6,107
26 years$21,582$16,254$12,068$8,852$6,427$5,459
27 years$20,560$15,296$11,206$8,102$5,795$4,884
28 years$19,613$14,414$10,418$7,423$5,229$4,372
29 years$18,733$13,598$9,695$6,807$4,721$3,917
30 years$17,913$12,842$9,030$6,248$4,266$3,511
31 years$17,147$12,140$8,419$5,738$3,857$3,149
32 years$16,431$11,487$7,855$5,273$3,489$2,825
33 years$15,760$10,878$7,334$4,849$3,157$2,536
34 years$15,129$10,310$6,852$4,462$2,859$2,277
35 years$14,536$9,779$6,407$4,107$2,589$2,046
36 years$13,976$9,281$5,993$3,783$2,346$1,838
37 years$13,449$8,815$5,609$3,485$2,126$1,652
38 years$12,950$8,378$5,253$3,212$1,928$1,485
39 years$12,478$7,966$4,922$2,962$1,748$1,335
40 years$12,031$7,579$4,613$2,732$1,585$1,201
41 years$11,607$7,215$4,325$2,521$1,438$1,080
42 years$11,204$6,871$4,057$2,326$1,305$972
43 years$10,820$6,547$3,807$2,147$1,185$874
44 years$10,456$6,240$3,574$1,983$1,075$787
45 years$10,108$5,951$3,356$1,831$976$708
46 years$9,777$5,677$3,152$1,691$886$637
47 years$9,460$5,417$2,961$1,563$805$574
48 years$9,158$5,172$2,783$1,444$731$517
49 years$8,869$4,939$2,615$1,335$664$465
50 years$8,592$4,718$2,459$1,233$603$419

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 $4,716 every year, while hoping to spend $36,265 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: 78/9/13 Blend
44$8,800,000$8,800,000$8,800,000$8,800,000
45$9,702,465$9,236,065$9,099,665$10,433,983
46$10,653,530$9,650,046$9,365,918$11,330,175
47$11,700,389$10,083,097$9,639,875$12,307,813
48$12,852,774$10,536,114$9,921,756$13,379,109
49$14,121,409$11,010,036$10,211,786$14,553,401
50$15,518,111$11,505,845$10,510,199$15,840,970
51$17,055,900$12,024,574$10,817,233$17,253,138
52$18,749,124$12,567,300$11,133,133$18,802,373
53$20,613,593$13,135,157$11,458,151$20,502,405
54$22,666,728$13,729,328$11,792,548$22,368,355
55$24,927,725$14,351,056$12,136,589$24,416,876
56$27,417,737$15,001,641$12,490,549$26,666,310
57$30,160,073$15,682,448$12,854,708$29,136,860
58$33,180,417$16,394,905$13,229,358$31,850,778
59$36,507,074$17,140,509$13,614,795$34,832,572
60$40,171,229$17,920,828$14,011,325$38,109,240
61$44,207,253$18,737,507$14,419,263$41,710,521
62$48,653,015$19,592,267$14,838,930$45,669,174
63$53,550,249$20,486,915$15,270,661$50,021,286
64$58,944,942$21,423,341$15,714,795$54,806,609
65$64,887,769$22,403,527$16,171,684$60,068,938
66$71,434,573$23,429,552$16,641,687$65,856,516
67$78,646,891$24,503,592$17,125,175$72,222,495
68$86,592,534$25,627,928$17,622,529$79,225,429
69$95,346,229$26,804,952$18,134,140$86,929,827
70$104,990,320$28,037,170$18,660,409$95,406,762
71$115,615,549$29,327,209$19,201,749$104,734,534
72$127,321,913$30,677,819$19,758,585$114,999,414
73$140,219,603$32,091,888$20,331,353$126,296,450
74$154,430,050$33,572,438$20,920,501$138,730,363
75$170,087,066$35,122,638$21,526,488$152,416,535
76$187,338,109$36,745,810$22,149,789$167,482,093
77$206,345,678$38,445,436$22,790,888$184,067,108
78$227,288,839$40,225,165$23,450,285$202,325,910
79$250,364,923$42,088,821$24,128,492$222,428,547
80$275,791,386$44,040,414$24,826,038$244,562,385
81$303,807,860$46,084,146$25,543,462$268,933,871
82$334,678,414$48,224,422$26,281,321$295,770,481
83$368,694,053$50,465,859$27,040,186$325,322,863
84$406,175,459$52,813,298$27,820,644$357,867,198
85$447,476,017$55,271,812$28,623,297$393,707,804
86$492,985,159$57,846,718$29,448,766$433,180,004
87$543,132,030$60,543,593$30,297,685$476,653,289
88$598,389,548$63,368,280$31,170,707$524,534,797
89$659,278,861$66,326,904$32,068,505$577,273,158
90$726,374,272$69,425,889$32,991,767$635,362,716
91$800,308,657$72,671,967$33,941,200$699,348,200
92$881,779,442$76,072,196$34,917,533$769,829,852
93$971,555,184$79,633,973$35,921,510$847,469,093
94$1,070,482,832$83,365,056$36,953,899$932,994,761
95$1,179,495,713$87,273,576$38,015,487$1,027,209,982
96$1,299,622,353$91,368,059$39,107,083$1,130,999,748
97$1,431,996,179$95,657,440$40,229,516$1,245,339,266
98$1,577,866,225$100,151,090$41,383,640$1,371,303,152
99$1,738,608,918$104,858,831$42,570,330$1,510,075,575
100$1,915,741,076$109,790,962$43,790,485$1,662,961,425