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%14.2%
1 years$734,954$728,407$722,020$715,786$709,698$697,367
2 years$363,838$357,062$350,495$344,128$337,952$325,568
3 years$240,150$233,344$226,794$220,486$214,410$202,360
4 years$178,317$171,533$165,048$158,848$152,919$141,296
5 years$141,228$134,484$128,084$122,010$116,247$105,083
6 years$116,509$109,816$103,511$97,573$91,982$81,290
7 years$98,860$92,223$86,018$80,220$74,806$64,590
8 years$85,629$79,052$72,950$67,294$62,059$52,315
9 years$75,344$68,829$62,832$57,320$52,263$42,987
10 years$67,121$60,670$54,778$49,410$44,530$35,714
11 years$60,397$54,011$48,226$43,002$38,298$29,931
12 years$54,798$48,477$42,799$37,718$33,188$25,260
13 years$50,064$43,809$38,238$33,300$28,940$21,439
14 years$46,010$39,821$34,357$29,560$25,369$18,281
15 years$42,499$36,377$31,020$26,362$22,337$15,649
16 years$39,430$33,376$28,124$23,604$19,741$13,439
17 years$36,726$30,738$25,592$21,208$17,504$11,572
18 years$34,324$28,403$23,362$19,113$15,564$9,988
19 years$32,178$26,324$21,387$17,270$13,872$8,638
20 years$30,248$24,461$19,628$15,642$12,391$7,483
21 years$28,505$22,785$18,054$14,196$11,089$6,491
22 years$26,922$21,269$16,639$12,907$9,939$5,638
23 years$25,479$19,892$15,363$11,755$8,922$4,902
24 years$24,159$18,638$14,209$10,721$8,019$4,267
25 years$22,946$17,490$13,160$9,791$7,216$3,716
26 years$21,828$16,438$12,205$8,952$6,500$3,239
27 years$20,794$15,470$11,334$8,194$5,860$2,825
28 years$19,836$14,578$10,536$7,508$5,288$2,465
29 years$18,946$13,752$9,805$6,885$4,775$2,152
30 years$18,117$12,988$9,133$6,319$4,314$1,879
31 years$17,342$12,278$8,514$5,803$3,901$1,641
32 years$16,618$11,617$7,944$5,333$3,528$1,434
33 years$15,939$11,002$7,417$4,904$3,193$1,254
34 years$15,301$10,427$6,930$4,512$2,891$1,096
35 years$14,701$9,890$6,479$4,154$2,619$959
36 years$14,135$9,387$6,061$3,826$2,373$838
37 years$13,602$8,915$5,673$3,525$2,150$733
38 years$13,097$8,473$5,313$3,249$1,949$642
39 years$12,620$8,057$4,977$2,996$1,768$561
40 years$12,168$7,665$4,665$2,763$1,604$491
41 years$11,739$7,297$4,375$2,549$1,455$430
42 years$11,331$6,949$4,104$2,353$1,320$376
43 years$10,943$6,621$3,851$2,172$1,198$329
44 years$10,574$6,311$3,614$2,005$1,087$288
45 years$10,223$6,018$3,394$1,852$987$252
46 years$9,888$5,741$3,188$1,711$896$221
47 years$9,568$5,479$2,995$1,580$814$193
48 years$9,262$5,230$2,814$1,460$739$169
49 years$8,969$4,995$2,645$1,350$671$148
50 years$8,690$4,771$2,487$1,248$610$130

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 $4,639 every year, while hoping to spend $59,668 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: 50/22/28 Blend
44$8,900,000$8,900,000$8,900,000$8,900,000
45$9,812,585$9,340,885$9,202,935$10,225,229
46$10,749,983$9,735,102$9,447,747$10,908,414
47$11,780,995$10,146,636$9,698,761$11,644,256
48$12,915,107$10,576,272$9,956,120$12,442,925
49$14,162,771$11,024,833$10,219,973$13,310,412
50$15,535,503$11,493,178$10,490,471$14,253,304
51$17,045,988$11,982,209$10,767,766$15,278,845
52$18,708,208$12,492,866$11,052,016$16,395,000
53$20,537,566$13,026,137$11,343,379$17,610,531
54$22,551,034$13,583,053$11,642,018$18,935,073
55$24,767,312$14,164,696$11,948,098$20,379,230
56$27,207,006$14,772,195$12,261,788$21,954,664
57$29,892,823$15,406,734$12,583,260$23,674,210
58$32,849,780$16,069,553$12,912,689$25,551,989
59$36,105,446$16,761,949$13,250,251$27,603,542
60$39,690,196$17,485,280$13,596,130$29,845,973
61$43,637,503$18,240,966$13,950,508$32,298,106
62$47,984,252$19,030,496$14,313,573$34,980,663
63$52,771,084$19,855,429$14,685,516$37,916,452
64$58,042,785$20,717,396$15,066,531$41,130,583
65$63,848,705$21,618,103$15,456,815$44,650,699
66$70,243,223$22,559,341$15,856,569$48,507,235
67$77,286,263$23,542,980$16,265,996$52,733,699
68$85,043,858$24,570,982$16,685,303$57,366,988
69$93,588,771$25,645,400$17,114,700$62,447,730
70$103,001,185$26,768,383$17,554,401$68,020,663
71$113,369,454$27,942,183$18,004,622$74,135,053
72$124,790,945$29,169,156$18,465,583$80,845,157
73$137,372,949$30,451,772$18,937,508$88,210,728
74$151,233,696$31,792,616$19,420,621$96,297,572
75$166,503,475$33,194,396$19,915,153$105,178,170
76$183,325,855$34,659,947$20,421,337$114,932,350
77$201,859,047$36,192,239$20,939,406$125,648,041
78$222,277,394$37,794,383$21,469,601$137,422,093
79$244,773,018$39,469,637$22,012,162$150,361,187
80$269,557,630$41,221,413$22,567,333$164,582,834
81$296,864,531$43,053,286$23,135,363$180,216,482
82$326,950,816$44,969,000$23,716,500$197,404,724
83$360,099,794$46,972,476$24,310,997$216,304,643
84$396,623,668$49,067,821$24,919,110$237,089,285
85$436,866,478$51,259,341$25,541,096$259,949,285
86$481,207,351$53,551,541$26,177,216$285,094,658
87$530,064,079$55,949,144$26,827,730$312,756,772
88$583,897,060$58,457,098$27,492,905$343,190,526
89$643,213,649$61,080,585$28,173,006$376,676,746
90$708,572,942$63,825,034$28,868,302$413,524,825
91$780,591,054$66,696,133$29,579,063$454,075,634
92$859,946,940$69,699,841$30,305,559$498,704,731
93$947,388,797$72,842,403$31,048,065$547,825,894
94$1,043,741,133$76,130,359$31,806,853$601,895,015
95$1,149,912,545$79,570,563$32,582,200$661,414,393
96$1,266,904,301$83,170,197$33,374,379$726,937,466
97$1,395,819,787$86,936,784$34,183,668$799,074,014
98$1,537,874,927$90,878,208$35,010,343$878,495,913
99$1,694,409,659$95,002,730$35,854,679$965,943,456
100$1,866,900,585$99,319,005$36,716,952$1,062,232,327