Can I retire at age 45 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$784,501$777,513$770,696$764,041$757,543$733,882
2 years$388,367$381,134$374,124$367,327$360,735$337,107
3 years$256,339$249,075$242,083$235,350$228,865$206,012
4 years$190,339$183,097$176,174$169,557$163,228$141,325
5 years$150,748$143,550$136,719$130,236$124,084$103,189
6 years$124,364$117,219$110,489$104,151$98,183$78,316
7 years$105,525$98,441$91,817$85,628$79,849$61,007
8 years$91,402$84,382$77,868$71,831$66,243$48,413
9 years$80,423$73,470$67,068$61,184$55,786$38,950
10 years$71,646$64,760$58,471$52,741$47,532$31,665
11 years$64,469$57,652$51,477$45,901$40,879$25,951
12 years$58,492$51,745$45,685$40,261$35,425$21,406
13 years$53,439$46,763$40,816$35,545$30,891$17,747
14 years$49,111$42,506$36,673$31,552$27,079$14,774
15 years$45,364$38,830$33,111$28,139$23,843$12,342
16 years$42,089$35,626$30,020$25,196$21,072$10,338
17 years$39,201$32,810$27,317$22,638$18,684$8,679
18 years$36,638$30,318$24,937$20,401$16,613$7,301
19 years$34,347$28,098$22,829$18,434$14,808$6,151
20 years$32,287$26,110$20,951$16,696$13,226$5,189
21 years$30,427$24,321$19,271$15,153$11,836$4,382
22 years$28,737$22,702$17,761$13,777$10,609$3,704
23 years$27,197$21,233$16,399$12,547$9,524$3,134
24 years$25,787$19,894$15,167$11,444$8,560$2,653
25 years$24,492$18,670$14,047$10,451$7,703$2,247
26 years$23,299$17,546$13,028$9,556$6,938$1,904
27 years$22,196$16,513$12,098$8,747$6,256$1,614
28 years$21,173$15,560$11,246$8,014$5,644$1,369
29 years$20,223$14,679$10,466$7,349$5,097$1,161
30 years$19,338$13,863$9,748$6,745$4,605$985
31 years$18,511$13,105$9,088$6,194$4,164$836
32 years$17,738$12,400$8,479$5,693$3,766$710
33 years$17,013$11,743$7,917$5,235$3,408$603
34 years$16,332$11,130$7,397$4,817$3,086$512
35 years$15,692$10,557$6,916$4,434$2,795$434
36 years$15,088$10,020$6,470$4,084$2,533$369
37 years$14,519$9,516$6,056$3,762$2,295$313
38 years$13,980$9,044$5,671$3,468$2,081$266
39 years$13,471$8,600$5,313$3,198$1,887$226
40 years$12,988$8,182$4,980$2,949$1,712$192
41 years$12,530$7,789$4,670$2,721$1,553$163
42 years$12,095$7,418$4,380$2,511$1,409$139
43 years$11,681$7,068$4,110$2,318$1,279$118
44 years$11,287$6,737$3,858$2,140$1,161$100
45 years$10,912$6,424$3,623$1,977$1,054$85
46 years$10,554$6,128$3,403$1,826$957$72
47 years$10,213$5,848$3,197$1,687$869$61
48 years$9,886$5,583$3,004$1,559$789$52
49 years$9,574$5,332$2,823$1,441$717$44
50 years$9,275$5,093$2,654$1,332$651$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,500,000, adding $6,245 every year, while hoping to spend $49,313 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: 21/50/29 Blend
44$9,500,000$9,500,000$9,500,000$9,500,000
45$10,475,442$9,971,942$9,824,692$10,598,759
46$11,491,468$10,408,098$10,101,350$11,148,848
47$12,609,476$10,863,974$10,385,624$11,731,978
48$13,839,817$11,340,482$10,677,716$12,354,271
49$15,193,893$11,838,581$10,977,835$13,018,932
50$16,684,272$12,359,273$11,286,194$13,729,459
51$18,324,798$12,903,607$11,603,011$14,489,672
52$20,130,727$13,472,684$11,928,513$15,303,746
53$22,118,871$14,067,655$12,262,927$16,176,245
54$24,307,752$14,689,726$12,606,491$17,112,157
55$26,717,780$15,340,161$12,959,447$18,116,943
56$29,371,447$16,020,282$13,322,041$19,196,574
57$32,293,534$16,731,475$13,694,528$20,357,589
58$35,511,348$17,475,191$14,077,170$21,607,148
59$39,054,982$18,252,952$14,470,231$22,953,091
60$42,957,594$19,066,350$14,873,987$24,404,010
61$47,255,720$19,917,052$15,288,717$25,969,319
62$51,989,623$20,806,808$15,714,709$27,659,338
63$57,203,670$21,737,446$16,152,257$29,485,383
64$62,946,749$22,710,886$16,601,662$31,459,865
65$69,272,734$23,729,136$17,063,234$33,596,397
66$76,240,990$24,794,301$17,537,290$35,909,917
67$83,916,934$25,908,585$18,024,153$38,416,818
68$92,372,656$27,074,300$18,524,156$41,135,093
69$101,687,590$28,293,865$19,037,639$44,084,497
70$111,949,276$29,569,815$19,564,951$47,286,724
71$123,254,174$30,904,808$20,106,449$50,765,595
72$135,708,583$32,301,627$20,662,498$54,547,282
73$149,429,640$33,763,188$21,233,473$58,660,534
74$164,546,426$35,292,547$21,819,758$63,136,940
75$181,201,186$36,892,906$22,421,744$68,011,216
76$199,550,668$38,567,621$23,039,834$73,321,518
77$219,767,607$40,320,205$23,674,439$79,109,786
78$242,042,352$42,154,343$24,325,981$85,422,131
79$266,584,661$44,073,895$24,994,891$92,309,247
80$293,625,686$46,082,906$25,681,610$99,826,883
81$323,420,152$48,185,614$26,386,590$108,036,346
82$356,248,760$50,386,462$27,110,292$117,005,064
83$392,420,837$52,690,103$27,853,192$126,807,205
84$432,277,260$55,101,415$28,615,771$137,524,358
85$476,193,668$57,625,511$29,398,526$149,246,283
86$524,584,008$60,267,748$30,201,963$162,071,739
87$577,904,449$63,033,740$31,026,601$176,109,393
88$636,657,681$65,929,370$31,872,970$191,478,821
89$701,397,662$68,960,807$32,741,612$208,311,619
90$772,734,849$72,134,512$33,633,082$226,752,615
91$851,341,960$75,457,260$34,547,946$246,961,213
92$937,960,323$78,936,149$35,486,786$269,112,867
93$1,033,406,876$82,578,620$36,450,193$293,400,715
94$1,138,581,877$86,392,473$37,438,775$320,037,367
95$1,254,477,405$90,385,880$38,453,150$349,256,883
96$1,382,186,722$94,567,410$39,493,952$381,316,950
97$1,522,914,597$98,946,042$40,561,829$416,501,280
98$1,677,988,678$103,531,190$41,657,442$455,122,252
99$1,848,872,023$108,332,718$42,781,466$497,523,826
100$2,037,176,918$113,360,970$43,934,594$544,084,748