Can I retire at age 45 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$734,954$728,407$722,020$715,786$709,698$688,083
2 years$363,838$357,062$350,495$344,128$337,952$316,360
3 years$240,150$233,344$226,794$220,486$214,410$193,520
4 years$178,317$171,533$165,048$158,848$152,919$132,889
5 years$141,228$134,484$128,084$122,010$116,247$97,132
6 years$116,509$109,816$103,511$97,573$91,982$73,799
7 years$98,860$92,223$86,018$80,220$74,806$57,555
8 years$85,629$79,052$72,950$67,294$62,059$45,727
9 years$75,344$68,829$62,832$57,320$52,263$36,834
10 years$67,121$60,670$54,778$49,410$44,530$29,982
11 years$60,397$54,011$48,226$43,002$38,298$24,604
12 years$54,798$48,477$42,799$37,718$33,188$20,321
13 years$50,064$43,809$38,238$33,300$28,940$16,871
14 years$46,010$39,821$34,357$29,560$25,369$14,065
15 years$42,499$36,377$31,020$26,362$22,337$11,765
16 years$39,430$33,376$28,124$23,604$19,741$9,869
17 years$36,726$30,738$25,592$21,208$17,504$8,298
18 years$34,324$28,403$23,362$19,113$15,564$6,990
19 years$32,178$26,324$21,387$17,270$13,872$5,898
20 years$30,248$24,461$19,628$15,642$12,391$4,983
21 years$28,505$22,785$18,054$14,196$11,089$4,215
22 years$26,922$21,269$16,639$12,907$9,939$3,569
23 years$25,479$19,892$15,363$11,755$8,922$3,024
24 years$24,159$18,638$14,209$10,721$8,019$2,564
25 years$22,946$17,490$13,160$9,791$7,216$2,175
26 years$21,828$16,438$12,205$8,952$6,500$1,846
27 years$20,794$15,470$11,334$8,194$5,860$1,568
28 years$19,836$14,578$10,536$7,508$5,288$1,332
29 years$18,946$13,752$9,805$6,885$4,775$1,131
30 years$18,117$12,988$9,133$6,319$4,314$962
31 years$17,342$12,278$8,514$5,803$3,901$817
32 years$16,618$11,617$7,944$5,333$3,528$695
33 years$15,939$11,002$7,417$4,904$3,193$591
34 years$15,301$10,427$6,930$4,512$2,891$503
35 years$14,701$9,890$6,479$4,154$2,619$427
36 years$14,135$9,387$6,061$3,826$2,373$364
37 years$13,602$8,915$5,673$3,525$2,150$309
38 years$13,097$8,473$5,313$3,249$1,949$263
39 years$12,620$8,057$4,977$2,996$1,768$224
40 years$12,168$7,665$4,665$2,763$1,604$190
41 years$11,739$7,297$4,375$2,549$1,455$162
42 years$11,331$6,949$4,104$2,353$1,320$138
43 years$10,943$6,621$3,851$2,172$1,198$117
44 years$10,574$6,311$3,614$2,005$1,087$100
45 years$10,223$6,018$3,394$1,852$987$85
46 years$9,888$5,741$3,188$1,711$896$72
47 years$9,568$5,479$2,995$1,580$814$62
48 years$9,262$5,230$2,814$1,460$739$52
49 years$8,969$4,995$2,645$1,350$671$45
50 years$8,690$4,771$2,487$1,248$610$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,900,000, adding $3,799 every year, while hoping to spend $26,801 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: 42/34/24 Blend
44$8,900,000$8,900,000$8,900,000$8,900,000
45$9,811,719$9,340,019$9,202,069$10,154,683
46$10,783,998$9,769,164$9,481,822$10,829,333
47$11,854,551$10,218,438$9,770,049$11,556,618
48$13,033,375$10,688,801$10,067,004$12,343,704
49$14,331,482$11,181,255$10,372,952$13,196,111
50$15,761,011$11,696,855$10,688,164$14,119,899
51$17,335,335$12,236,701$11,012,918$15,121,721
52$19,069,191$12,801,951$11,347,503$16,208,883
53$20,978,818$13,393,817$11,692,214$17,389,404
54$23,082,111$14,013,567$12,047,357$18,672,098
55$25,398,789$14,662,535$12,413,245$20,066,643
56$27,950,581$15,342,114$12,790,204$21,583,674
57$30,761,430$16,053,768$13,178,566$23,234,878
58$33,857,723$16,799,029$13,578,675$25,033,099
59$37,268,534$17,579,505$13,990,884$26,992,455
60$41,025,903$18,396,879$14,415,558$29,128,468
61$45,165,138$19,252,919$14,853,071$31,458,201
62$49,725,144$20,149,474$15,303,811$34,000,418
63$54,748,795$21,088,485$15,768,176$36,775,753
64$60,283,337$22,071,986$16,246,574$39,806,901
65$66,380,833$23,102,108$16,739,430$43,118,823
66$73,098,654$24,181,087$17,247,176$46,738,978
67$80,500,022$25,311,266$17,770,262$50,697,576
68$88,654,607$26,495,101$18,309,149$55,027,853
69$97,639,182$27,735,166$18,864,311$59,766,378
70$107,538,351$29,034,162$19,436,238$64,953,393
71$118,445,344$30,394,917$20,025,433$70,633,185
72$130,462,901$31,820,399$20,632,416$76,854,491
73$143,704,236$33,313,718$21,257,721$83,670,954
74$158,294,112$34,878,134$21,901,899$91,141,619
75$174,370,014$36,517,066$22,565,516$99,331,479
76$192,083,451$38,234,098$23,249,156$108,312,082
77$211,601,381$40,032,986$23,953,421$118,162,192
78$233,107,790$41,917,671$24,678,929$128,968,524
79$256,805,430$43,892,282$25,426,318$140,826,550
80$282,917,729$45,961,149$26,196,245$153,841,390
81$311,690,904$48,128,812$26,989,386$168,128,790
82$343,396,284$50,400,031$27,806,438$183,816,202
83$378,332,869$52,779,797$28,648,117$201,043,974
84$416,830,155$55,273,341$29,515,163$219,966,658
85$459,251,246$57,886,150$30,408,336$240,754,460
86$505,996,277$60,623,975$31,328,419$263,594,824
87$557,506,196$63,492,848$32,276,220$288,694,189
88$614,266,923$66,499,092$33,252,568$316,279,921
89$676,813,939$69,649,338$34,258,319$346,602,439
90$745,737,343$72,950,537$35,294,354$379,937,561
91$821,687,417$76,409,979$36,361,581$416,589,090
92$905,380,773$80,035,307$37,460,933$456,891,660
93$997,607,109$83,834,535$38,593,372$501,213,874
94$1,099,236,674$87,816,067$39,759,889$549,961,758
95$1,211,228,473$91,988,713$40,961,504$603,582,576
96$1,334,639,330$96,361,713$42,199,268$662,569,023
97$1,470,633,860$100,944,754$43,474,261$727,463,854
98$1,620,495,463$105,747,997$44,787,598$798,864,978
99$1,785,638,444$110,782,092$46,140,426$877,431,076
100$1,967,621,361$116,058,210$47,533,926$963,887,786