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%12.8%
1 years$734,954$728,407$722,020$715,786$709,698$701,412
2 years$363,838$357,062$350,495$344,128$337,952$329,611
3 years$240,150$233,344$226,794$220,486$214,410$206,274
4 years$178,317$171,533$165,048$158,848$152,919$145,051
5 years$141,228$134,484$128,084$122,010$116,247$108,669
6 years$116,509$109,816$103,511$97,573$91,982$84,704
7 years$98,860$92,223$86,018$80,220$74,806$67,830
8 years$85,629$79,052$72,950$67,294$62,059$55,385
9 years$75,344$68,829$62,832$57,320$52,263$45,888
10 years$67,121$60,670$54,778$49,410$44,530$38,451
11 years$60,397$54,011$48,226$43,002$38,298$32,508
12 years$54,798$48,477$42,799$37,718$33,188$27,681
13 years$50,064$43,809$38,238$33,300$28,940$23,711
14 years$46,010$39,821$34,357$29,560$25,369$20,409
15 years$42,499$36,377$31,020$26,362$22,337$17,638
16 years$39,430$33,376$28,124$23,604$19,741$15,295
17 years$36,726$30,738$25,592$21,208$17,504$13,302
18 years$34,324$28,403$23,362$19,113$15,564$11,598
19 years$32,178$26,324$21,387$17,270$13,872$10,133
20 years$30,248$24,461$19,628$15,642$12,391$8,870
21 years$28,505$22,785$18,054$14,196$11,089$7,776
22 years$26,922$21,269$16,639$12,907$9,939$6,827
23 years$25,479$19,892$15,363$11,755$8,922$6,000
24 years$24,159$18,638$14,209$10,721$8,019$5,279
25 years$22,946$17,490$13,160$9,791$7,216$4,649
26 years$21,828$16,438$12,205$8,952$6,500$4,098
27 years$20,794$15,470$11,334$8,194$5,860$3,614
28 years$19,836$14,578$10,536$7,508$5,288$3,189
29 years$18,946$13,752$9,805$6,885$4,775$2,816
30 years$18,117$12,988$9,133$6,319$4,314$2,488
31 years$17,342$12,278$8,514$5,803$3,901$2,198
32 years$16,618$11,617$7,944$5,333$3,528$1,944
33 years$15,939$11,002$7,417$4,904$3,193$1,719
34 years$15,301$10,427$6,930$4,512$2,891$1,520
35 years$14,701$9,890$6,479$4,154$2,619$1,345
36 years$14,135$9,387$6,061$3,826$2,373$1,191
37 years$13,602$8,915$5,673$3,525$2,150$1,054
38 years$13,097$8,473$5,313$3,249$1,949$933
39 years$12,620$8,057$4,977$2,996$1,768$826
40 years$12,168$7,665$4,665$2,763$1,604$732
41 years$11,739$7,297$4,375$2,549$1,455$648
42 years$11,331$6,949$4,104$2,353$1,320$574
43 years$10,943$6,621$3,851$2,172$1,198$509
44 years$10,574$6,311$3,614$2,005$1,087$451
45 years$10,223$6,018$3,394$1,852$987$399
46 years$9,888$5,741$3,188$1,711$896$354
47 years$9,568$5,479$2,995$1,580$814$313
48 years$9,262$5,230$2,814$1,460$739$278
49 years$8,969$4,995$2,645$1,350$671$246
50 years$8,690$4,771$2,487$1,248$610$218

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 $2,068 every year, while hoping to spend $39,053 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: 83/7/10 Blend
44$8,900,000$8,900,000$8,900,000$8,900,000
45$9,809,933$9,338,233$9,200,283$10,609,114
46$10,768,994$9,754,254$9,466,941$11,548,431
47$11,824,571$10,189,352$9,741,222$12,574,340
48$12,986,466$10,644,419$10,023,342$13,699,776
49$14,265,482$11,120,392$10,313,520$14,934,708
50$15,673,520$11,618,251$10,611,983$16,290,120
51$17,223,697$12,139,023$10,918,962$17,778,107
52$18,930,464$12,683,785$11,234,697$19,411,991
53$20,809,744$13,253,663$11,559,432$21,206,445
54$22,879,085$13,849,839$11,893,420$23,177,632
55$25,157,821$14,473,551$12,236,919$25,343,354
56$27,667,257$15,126,093$12,590,194$27,723,220
57$30,430,872$15,808,826$12,953,520$30,338,834
58$33,474,534$16,523,172$13,327,176$33,213,990
59$36,826,750$17,270,621$13,711,450$36,374,902
60$40,518,934$18,052,736$14,106,639$39,850,447
61$44,585,699$18,871,155$14,513,046$43,672,438
62$49,065,191$19,727,592$14,930,983$47,875,923
63$53,999,441$20,623,844$15,360,771$52,499,511
64$59,434,767$21,561,796$15,802,740$57,585,740
65$65,422,208$22,543,419$16,257,227$63,181,474
66$72,018,010$23,570,783$16,724,580$69,338,346
67$79,284,149$24,646,053$17,205,156$76,113,240
68$87,288,924$25,771,501$17,699,320$83,568,830
69$96,107,596$26,949,507$18,207,450$91,774,170
70$105,823,102$28,182,564$18,729,930$100,805,340
71$116,526,834$29,473,285$19,267,159$110,746,168
72$128,319,504$30,824,410$19,819,542$121,689,014
73$141,312,096$32,238,808$20,387,499$133,735,643
74$155,626,908$33,719,487$20,971,458$146,998,184
75$171,398,711$35,269,601$21,571,861$161,600,183
76$188,776,021$36,892,453$22,189,159$177,677,772
77$207,922,498$38,591,506$22,823,819$195,380,945
78$229,018,492$40,370,389$23,476,316$214,874,979
79$252,262,746$42,232,906$24,147,141$236,341,986
80$277,874,272$44,183,044$24,836,796$259,982,632
81$306,094,416$46,224,982$25,545,797$286,018,027
82$337,189,140$48,363,099$26,274,674$314,691,813
83$371,451,528$50,601,987$27,023,971$346,272,456
84$409,204,556$52,946,456$27,794,246$381,055,779
85$450,804,139$55,401,551$28,586,072$419,367,756
86$496,642,492$57,972,558$29,400,037$461,567,578
87$547,151,832$60,665,020$30,236,744$508,051,046
88$602,808,457$63,484,743$31,096,813$559,254,301
89$664,137,242$66,437,818$31,980,878$615,657,941
90$731,716,596$69,530,627$32,889,593$677,791,548
91$806,183,921$72,769,860$33,823,627$746,238,689
92$888,241,629$76,162,530$34,783,666$821,642,419
93$978,663,772$79,715,991$35,770,416$904,711,345
94$1,078,303,350$83,437,948$36,784,598$996,226,315
95$1,188,100,365$87,336,481$37,826,956$1,097,047,781
96$1,309,090,694$91,420,060$38,898,250$1,208,123,917
97$1,442,415,864$95,697,562$39,999,261$1,330,499,568
98$1,589,333,837$100,178,297$41,130,790$1,465,326,107
99$1,751,230,876$104,872,022$42,293,660$1,613,872,296
100$1,929,634,641$109,788,967$43,488,713$1,777,536,263