Can I retire at age 45 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$776,243$769,329$762,583$755,999$749,569$743,599
2 years$384,279$377,122$370,186$363,461$356,938$350,920
3 years$253,641$246,453$239,535$232,873$226,456$220,577
4 years$188,335$181,169$174,320$167,772$161,510$155,815
5 years$149,162$142,039$135,279$128,865$122,778$117,283
6 years$123,055$115,985$109,326$103,054$97,150$91,862
7 years$104,414$97,404$90,850$84,727$79,009$73,931
8 years$90,440$83,494$77,048$71,075$65,545$60,678
9 years$79,577$72,696$66,362$60,540$55,199$50,540
10 years$70,892$64,078$57,856$52,186$47,032$42,579
11 years$63,790$57,045$50,935$45,418$40,449$36,198
12 years$57,876$51,201$45,204$39,837$35,052$31,000
13 years$52,876$46,270$40,386$35,170$30,566$26,708
14 years$48,594$42,058$36,287$31,220$26,794$23,126
15 years$44,887$38,421$32,763$27,843$23,592$20,108
16 years$41,646$35,251$29,704$24,930$20,850$17,545
17 years$38,789$32,465$27,030$22,400$18,487$15,356
18 years$36,252$29,999$24,675$20,187$16,438$13,474
19 years$33,985$27,802$22,588$18,240$14,652$11,849
20 years$31,948$25,835$20,730$16,520$13,087$10,440
21 years$30,106$24,065$19,068$14,993$11,712$9,215
22 years$28,435$22,463$17,574$13,632$10,498$8,144
23 years$26,911$21,010$16,227$12,415$9,423$7,208
24 years$25,516$19,685$15,007$11,323$8,470$6,386
25 years$24,235$18,473$13,899$10,341$7,622$5,663
26 years$23,054$17,362$12,891$9,455$6,865$5,027
27 years$21,962$16,339$11,970$8,655$6,190$4,465
28 years$20,951$15,397$11,128$7,930$5,585$3,969
29 years$20,010$14,525$10,356$7,272$5,043$3,530
30 years$19,134$13,717$9,646$6,674$4,557$3,141
31 years$18,317$12,967$8,993$6,129$4,120$2,797
32 years$17,551$12,270$8,390$5,633$3,727$2,491
33 years$16,834$11,620$7,834$5,180$3,373$2,219
34 years$16,160$11,013$7,320$4,766$3,054$1,978
35 years$15,527$10,445$6,843$4,387$2,766$1,764
36 years$14,929$9,914$6,402$4,041$2,506$1,573
37 years$14,366$9,416$5,992$3,723$2,271$1,403
38 years$13,833$8,949$5,611$3,431$2,059$1,252
39 years$13,329$8,509$5,257$3,164$1,867$1,117
40 years$12,851$8,096$4,927$2,918$1,694$997
41 years$12,398$7,707$4,620$2,692$1,536$890
42 years$11,968$7,340$4,334$2,485$1,394$794
43 years$11,558$6,993$4,067$2,294$1,265$709
44 years$11,169$6,666$3,818$2,118$1,149$633
45 years$10,797$6,357$3,585$1,956$1,043$565
46 years$10,443$6,064$3,367$1,807$947$505
47 years$10,105$5,787$3,163$1,669$860$451
48 years$9,782$5,524$2,972$1,542$781$403
49 years$9,473$5,275$2,794$1,425$709$360
50 years$9,178$5,039$2,627$1,318$644$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,400,000, adding $3,982 every year, while hoping to spend $48,508 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: 78/5/17 Blend
44$9,400,000$9,400,000$9,400,000$9,400,000
45$10,362,907$9,864,707$9,719,007$11,132,165
46$11,368,312$10,296,466$9,992,982$12,072,039
47$12,474,642$10,747,755$10,274,509$13,096,272
48$13,692,140$11,219,480$10,563,790$14,218,499
49$15,032,094$11,712,590$10,861,032$15,448,509
50$16,506,938$12,228,078$11,166,448$16,797,080
51$18,130,377$12,766,984$11,480,254$18,276,084
52$19,917,507$13,330,398$11,802,675$19,898,595
53$21,884,966$13,919,461$12,133,938$21,679,014
54$24,051,087$14,535,368$12,474,279$23,633,202
55$26,436,067$15,179,372$12,823,937$25,778,630
56$29,062,167$15,852,782$13,183,160$28,134,543
57$31,953,912$16,556,972$13,552,200$30,722,139
58$35,138,328$17,293,380$13,931,315$33,564,769
59$38,645,196$18,063,514$14,320,773$36,688,159
60$42,507,331$18,868,952$14,720,844$40,120,645
61$46,760,894$19,711,346$15,131,808$43,893,445
62$51,445,732$20,592,428$15,553,950$48,040,953
63$56,605,753$21,514,014$15,987,563$52,601,055
64$62,289,342$22,478,002$16,432,948$57,615,495
65$68,549,815$23,486,385$16,890,413$63,130,261
66$75,445,926$24,541,247$17,360,271$69,196,018
67$83,042,417$25,644,775$17,842,847$75,868,590
68$91,410,632$26,799,258$18,338,471$83,209,477
69$100,629,189$28,007,093$18,847,482$91,286,443
70$110,784,720$29,270,795$19,370,226$100,174,148
71$121,972,693$30,592,996$19,907,061$109,954,851
72$134,298,309$31,976,454$20,458,349$120,719,188
73$147,877,497$33,424,060$21,024,464$132,567,024
74$162,838,006$34,938,844$21,605,787$145,608,395
75$179,320,612$36,523,977$22,202,711$159,964,541
76$197,480,448$38,182,785$22,815,635$175,769,052
77$217,488,465$39,918,752$23,444,970$193,169,127
78$239,533,047$41,735,530$24,091,136$212,326,959
79$263,821,791$43,636,944$24,754,562$233,421,266
80$290,583,462$45,627,003$25,435,688$256,648,974
81$320,070,157$47,709,908$26,134,965$282,227,075
82$352,559,682$49,890,062$26,852,855$310,394,671
83$388,358,172$52,172,077$27,589,828$341,415,231
84$427,802,986$54,560,790$28,346,368$375,579,073
85$471,265,888$57,061,266$29,122,969$413,206,104
86$519,156,557$59,678,816$29,920,137$454,648,834
87$571,926,453$62,419,005$30,738,388$500,295,704
88$630,073,080$65,287,665$31,578,253$550,574,748
89$694,144,681$68,290,908$32,440,272$605,957,631
90$764,745,417$71,435,141$33,324,999$666,964,098
91$842,541,064$74,727,078$34,233,001$734,166,876
92$928,265,303$78,173,755$35,164,857$808,197,079
93$1,022,726,644$81,782,549$36,121,160$889,750,162
94$1,126,816,057$85,561,189$37,102,514$979,592,479
95$1,241,515,386$89,517,778$38,109,539$1,078,568,519
96$1,367,906,615$93,660,809$39,142,869$1,187,608,868
97$1,507,182,085$97,999,184$40,203,150$1,307,738,997
98$1,660,655,746$102,542,232$41,291,044$1,440,088,931
99$1,829,775,564$107,299,734$42,407,226$1,585,903,916
100$2,016,137,192$112,281,941$43,552,388$1,746,556,170