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

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$734,954$728,407$722,020$715,786$709,698$693,952
2 years$363,838$357,062$350,495$344,128$337,952$322,169
3 years$240,150$233,344$226,794$220,486$214,410$199,084
4 years$178,317$171,533$165,048$158,848$152,919$138,168
5 years$141,228$134,484$128,084$122,010$116,247$102,112
6 years$116,509$109,816$103,511$97,573$91,982$78,479
7 years$98,860$92,223$86,018$80,220$74,806$61,936
8 years$85,629$79,052$72,950$67,294$62,059$49,818
9 years$75,344$68,829$62,832$57,320$52,263$40,641
10 years$67,121$60,670$54,778$49,410$44,530$33,517
11 years$60,397$54,011$48,226$43,002$38,298$27,877
12 years$54,798$48,477$42,799$37,718$33,188$23,345
13 years$50,064$43,809$38,238$33,300$28,940$19,656
14 years$46,010$39,821$34,357$29,560$25,369$16,625
15 years$42,499$36,377$31,020$26,362$22,337$14,113
16 years$39,430$33,376$28,124$23,604$19,741$12,018
17 years$36,726$30,738$25,592$21,208$17,504$10,260
18 years$34,324$28,403$23,362$19,113$15,564$8,779
19 years$32,178$26,324$21,387$17,270$13,872$7,525
20 years$30,248$24,461$19,628$15,642$12,391$6,460
21 years$28,505$22,785$18,054$14,196$11,089$5,553
22 years$26,922$21,269$16,639$12,907$9,939$4,779
23 years$25,479$19,892$15,363$11,755$8,922$4,117
24 years$24,159$18,638$14,209$10,721$8,019$3,549
25 years$22,946$17,490$13,160$9,791$7,216$3,062
26 years$21,828$16,438$12,205$8,952$6,500$2,643
27 years$20,794$15,470$11,334$8,194$5,860$2,283
28 years$19,836$14,578$10,536$7,508$5,288$1,973
29 years$18,946$13,752$9,805$6,885$4,775$1,705
30 years$18,117$12,988$9,133$6,319$4,314$1,474
31 years$17,342$12,278$8,514$5,803$3,901$1,275
32 years$16,618$11,617$7,944$5,333$3,528$1,103
33 years$15,939$11,002$7,417$4,904$3,193$955
34 years$15,301$10,427$6,930$4,512$2,891$826
35 years$14,701$9,890$6,479$4,154$2,619$715
36 years$14,135$9,387$6,061$3,826$2,373$619
37 years$13,602$8,915$5,673$3,525$2,150$536
38 years$13,097$8,473$5,313$3,249$1,949$464
39 years$12,620$8,057$4,977$2,996$1,768$402
40 years$12,168$7,665$4,665$2,763$1,604$348
41 years$11,739$7,297$4,375$2,549$1,455$302
42 years$11,331$6,949$4,104$2,353$1,320$261
43 years$10,943$6,621$3,851$2,172$1,198$226
44 years$10,574$6,311$3,614$2,005$1,087$196
45 years$10,223$6,018$3,394$1,852$987$170
46 years$9,888$5,741$3,188$1,711$896$147
47 years$9,568$5,479$2,995$1,580$814$128
48 years$9,262$5,230$2,814$1,460$739$111
49 years$8,969$4,995$2,645$1,350$671$96
50 years$8,690$4,771$2,487$1,248$610$83

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 $5,753 every year, while hoping to spend $37,636 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: 62/17/21 Blend
44$8,900,000$8,900,000$8,900,000$8,900,000
45$9,813,734$9,342,034$9,204,084$10,368,243
46$10,774,691$9,759,749$9,472,377$11,161,141
47$11,832,403$10,196,671$9,748,395$12,021,734
48$12,996,702$10,653,701$10,032,360$12,960,463
49$14,278,416$11,131,784$10,324,495$13,984,947
50$15,689,481$11,631,908$10,625,032$15,103,566
51$17,243,047$12,155,110$10,934,209$16,325,542
52$18,953,603$12,702,476$11,252,270$17,661,020
53$20,837,117$13,275,143$11,579,468$19,121,168
54$22,911,181$13,874,304$11,916,059$20,718,276
55$25,195,184$14,501,207$12,262,309$22,465,869
56$27,710,488$15,157,161$12,618,491$24,378,837
57$30,480,632$15,843,537$12,984,885$26,473,567
58$33,531,557$16,561,770$13,361,779$28,768,102
59$36,891,846$17,313,367$13,749,469$31,282,305
60$40,592,997$18,099,905$14,148,259$34,038,042
61$44,669,718$18,923,036$14,558,461$37,059,391
62$49,160,256$19,784,491$14,980,396$40,372,862
63$54,106,757$20,686,086$15,414,394$44,007,646
64$59,555,664$21,629,722$15,860,794$47,995,889
65$65,558,155$22,617,392$16,319,944$52,372,987
66$72,170,626$23,651,183$16,792,202$57,177,923
67$79,455,224$24,733,285$17,277,934$62,453,628
68$87,480,431$25,865,990$17,777,520$68,247,383
69$96,321,714$27,051,703$18,291,345$74,611,264
70$106,062,234$28,292,941$18,819,810$81,602,624
71$116,793,631$29,592,344$19,363,323$89,284,637
72$128,616,892$30,952,680$19,922,305$97,726,884
73$141,643,300$32,376,846$20,497,187$107,006,010
74$155,995,487$33,867,883$21,088,414$117,206,442
75$171,808,592$35,428,974$21,696,441$128,421,176
76$189,231,533$37,063,458$22,321,736$140,752,658
77$208,428,415$38,774,833$22,964,780$154,313,740
78$229,580,080$40,566,767$23,626,067$169,228,741
79$252,885,812$42,443,102$24,306,104$185,634,615
80$278,565,218$44,407,868$25,005,412$203,682,240
81$306,860,303$46,465,286$25,724,526$223,537,830
82$338,037,752$48,619,783$26,463,995$245,384,506
83$372,391,448$50,875,997$27,224,384$269,424,010
84$410,245,247$53,238,793$28,006,273$295,878,607
85$451,956,035$55,713,266$28,810,255$324,993,172
86$497,917,094$58,304,760$29,636,943$357,037,501
87$548,561,821$61,018,876$30,486,963$392,308,839
88$604,367,810$63,861,485$31,360,961$431,134,687
89$665,861,371$66,838,741$32,259,597$473,875,882
90$733,622,488$69,957,097$33,183,550$520,929,990
91$808,290,301$73,223,314$34,133,519$572,735,056
92$890,569,138$76,644,483$35,110,218$629,773,724
93$981,235,164$80,228,036$36,114,384$692,577,786
94$1,081,143,705$83,981,764$37,146,770$761,733,190
95$1,191,237,328$87,913,836$38,208,152$837,885,560
96$1,312,554,734$92,032,813$39,299,324$921,746,278
97$1,446,240,569$96,347,673$40,421,104$1,014,099,190
98$1,593,556,225$100,867,826$41,574,328$1,115,807,989
99$1,755,891,750$105,603,140$42,759,858$1,227,824,361
100$1,934,778,971$110,563,956$43,978,576$1,351,196,945